Tradeshow Insight: Food & Drink Expo 2023
This April, thousands of delegates descended on the National Exhibition Centre (NEC) in Birmingham, as stakeholders from across the hospitality, manufacturing, grocery and speciality & convenience retail sectors once again gathered together for the 2023 edition of the Food & Drink Expo. Altogether, over 1,500 suppliers took to the show floor to showcase their latest […]
USA: JM Smucker to complete sale of pet food brands to Post Holdings
US-based food and beverage company JM Smucker has announced the closing of a transaction to sell several pet food brands to Post Holdings for approximately $1.2 billion. The acquisition, which was announced in February, includes brands such Rachael Ray Nutrish, 9Lives, Kibbles ‘n Bits, Nature’s Recipe and Gravy Train, a private label pet food business, and […]
USA: Coborn’s to acquire Sullivan’s Foods stores
US retailer Coborn’s has announced it has signed an agreement to acquire Sullivan’s Foods grocery stores and other retail units in Illinois, expanding its operations to a new state. According a report in Progressive Grocer, the deal includes 11 grocery stores, one convenience store and fuel centre, three hardware stores, one central office and a […]
Denmark: Scandinavian Tobacco Group acquires XQS
Scandinavian Tobacco Group, the leading tobacco firm, has announced the acquisition of XQS International, a maker of tobacco alternative products. The transaction value consists of an upfront payment as well as an earn-out agreement. Assuming all targets are met, the total purchase price will be about 150 million DKK ($22 million) and it will be fully […]
Tradeshow Insight: Natural & Organic Products Europe 2023
London’s ExCel exhibition centre played host to yet another showcase of global innovation in mid April, as Natural & Organic Products Europe (NOPE) returned for its latest outing in the heart of the UK capital. Boasting a range of “the best, most environmentally friendly, health-conscious” products covering all sectors of the fast moving consumer goods […]
USA: Hershey to acquire two facilities from Weaver Popcorn
US confectionery firm Hershey has announced the acquisition of two manufacturing facilities from Weaver Popcorn Manufacturing, a leader in popcorn production. In a press release, Hershey said the deal includes Weaver Popcorn’s plants in Bethlehem (PA) and Whitestown (IN). Hershey and Weaver Popcorn are already co-manufacturers of the Hershey’s SkinnyPop brand and the acquisition will […]
Germany: Tegut to take over organic supermarket chain Basic
German retailer Tegut has announced the acquisition of organic supermarket chain Basic after the latter reportedly ran into financial difficulties. Headquarted in Munich, Basic has a network of 19 outlets and headcount of 500. Commenting on the deal, Basic CEO Christoph Eich said: “We are very pleased to now be a part of the Tegut […]
Australia: Uber Eats expands grocery delivery footprint with Coles tie-up
Uber Eats, the food courier company, is partnering with retailer Coles to establish a grocery delivery service across Australia, according to a report in the Sydney Morning Herald. The new service, which has already launched with 40 stores in Melbourne, is set to cover 500 outlets nationwide, and will reportedly offer groceries delivered on the Uber […]
Brazil: McCain to acquire remaining stake in Forno de Minas
Potato and frozen food producer McCain has announced the acquisition of a further 51% stake in Brazilian pao de queijo (‘cheese bread’) manufacturer Forno de Minas, taking its shareholding in the company to 100%. McCain first took a minority stake in Forno de Minas in 2018. “The partnership presents a fantastic opportunity for both companies […]
Argentina: Savencia Fromage & Dairy acquires Sucesores de Alfredo Williner
French dairy firm Savencia Fromage & Dairy has announced the acquisition of Sucesores de Alfredo Williner, one of the major players in the dairy market in Argentina. In a press release, Savencia Fromage & Dairy said the investment would enrich the company’s portfolio in the country, in particular through the traditional Ilolay brand, as well […]