Netherlands: Dawn Foods to complete sale of frozen manufacturing business to Europastrys
Global bakery manufacturer and distributor Dawn Foods has announced the sale of its frozen bakery manufacturing business Africa, the Middle East, Europe, Asia and the Pacific (AMEAP) to Europastry. The sale includes Dawn’s frozen bakery manufacturing plant located in The Netherlands, R&D capabilities based in the United Kingdom, and all associated customer relationships in the […]
Brazil: Fonterra and Nestle to sell DPA Brazil joint venture
Dairy firm Fonterra and FMCG multinational Nestle have agreed to sell Dairy Partners Americas (DPA) Brazil joint venture to French dairy company Lactalis for BRL 700 million (approx. $133 million), subject to closing transaction adjustments. The sale, which has been delayed due to the pandemic related market conditions, is aligned with the co-op’s strategy of […]
Denmark: Rema 1000 to acquire majority of Aldi’s Danish store network
Rema 100 Denmark, part of Reitan Retail, has agreed to acquire the majority of German discount grocer Aldi’s grocery store network in Denmark. According to the company statement, Rema 100 will acquire 114 stores and three distribution centres in attractive locations which will help the company to accelerate growth and increase market share with high-quality […]
India: Hindustan Unilever to invest in health & wellbeing category
Hindustan Unilever (HUL), a subsidiary of the multinational consumer goods giant Unilever, has entered the health & wellbeing category through strategic investments in Zywie Ventures Private Limited (OZiva) and Nutritionalab Private Limited (Wellbeing Nutrition). OZina is a plant-based and clean label consumer wellness brand focused on lifestyle protein, hair & beauty supplements and women’s health. […]
USA: Ferrero to acquire ice cream maker Wells
Confectionery firm Ferrero Group has announced the acquisition of US ice maker Wells Enterprises as part as Ferrero’s strategy to growth in the ice cream section and Wells’ vision for accelerated growth. Wells will remain a standalone business with its portfolio of brand such us Blue Bunny, Blue Ribbon Classics, Bomb Pop, and Halo Top […]
USA: J.M. Smucker to build new R&D facility
US-based food and beverage company The J.M. Smucker Co has announced plans to build a new R&D facility in its Orrville campus in Ohio, USA. According to sources, the new 29,000 sq. ft lab will support the firm’s Smucker’s Uncrustables brand and the company plans to develop new products in the facility, test innovative products […]
Italy: Auricchio acquires 3B Latte
Italian cheese producer Auricchio Group has announced the acquisition of 3B Latte, a manufacturer of goat, buffalo and cow’s milk cheese. According to sources, 3B Latte has been operating for 70 years and generates a turnover of €35 million (US$36.6 million) and its portfolio includes the Vaccino, Di Capra, and Senza Lattosio brands. Florindo Bertoni, […]
UK: Asda to open 300 new convenience stores and create 10,000 new jobs
British supermarket chain Asda has announced plans to open 300 Asda Express convenience store and create 10,000 new jobs by the end of 2026. The strategy behind the development of a convenience store network is to become the UK’s second largest supermarket. Each Asda Express store will stock with 3,000 products to cover customer’s needs, […]
USA: California Dairies to acquire DairyAmerica
Dairy family-owner cooperative in California, California Dairies Inc. (CDI) has acquired DairyAmerica a globally recognised supplier of quality and sustainable dairy ingredients. Founded in 1995, DairyAmerica is a federated cooperative currently co-owned by California Dairies, Agri-Mark, Inc., and O-AT-KA Milk Products. As part of the acquisition, California Dairies will purchase the ownership rights currently held […]
France: Campari and Moët Hennessy to acquire 100% of Tannico
Campari Group and Moët Hennessy has acquired, through their 50-50 joint venture, full ownership of online wine and spirits company Tannico. Founded in 2012, Tannico’s e-commerce platform offers a catalogue of over 1,500 labels from 2,500 wineries focusing 90% of the business in B2C. The platform also provides wine courses, video tutorial and in the […]