Brazil: JBS to invest $351m to expand capacity in Parana
Brazilian protein giant has announced the investment of BRL 1.85 billion (approximately $351.5 million) to expand its production capacity in Parana, southern Brazil. The investment, which will be made over the next five years, will include the construction of a prepared food plant and the modernization and expansion of the current Rolandia poultry factory in […]
UK: Exponent to acquire indulgent dessert brand Gu
Exponent Private Equity has signed an agreement to acquire indulgent, premium dessert brand Gu from Noble Foods for an undisclosed sum. Founded in 2003, Gu offers a variety of restaurant-quality desserts such as cheesecake, mousses, and hot pudding, as well as a range of free-from products. In 2010, Noble Foods acquired Gu brand and has […]
USA: Beam Suntory and Edrington to end joint venture
Japanese-American world leader in premium spirits firm Beam Suntory and Scotland-based ultra-premium spirits company Edrington have closed an agreement for an equity swap, ending their joint venture. According to Beam Suntory’s press release, Beam Suntory will assume Edrington’s stake in Maxxium Spain, and Edrington will assume Beam Suntory’s stake in Edrington-Beam Suntory UK, via an […]
USA: General Mills acquires Tyson Foods’ pet treats business
US food giant General Mills has announced that it has reached an agreement to acquire Tyson Foods’ pet treats business. According to General Mills’ press release, the move is part of the company’s strategy to reshape its portfolio for growth by adding an ‘attractive’ business to the fast-growing pet platform. Bethany Quam, General Mills group […]
Canada: Above Food to acquire organic legume and grain firm Farmer Direct Organic Foods
Above food has announced the acquisition of Farmer Direct Farmer Organic Foods (FDO), a 100% certified organic specialty legume proteins and grains business. FDO was founded in 2018 to provide organic, traceable, single-origin, family-farmed legumes, and kitchen staples for plant-based eating, by the second year the company grew to have its products in over 2,000 […]
USA: Anheuser-Busch to signs distribution agreement for RTD cocktails Canteen Spirits
Ready-to-drink cocktail company Canteen Spirits has signed a distribution agreement with American leading brewer Anheuser-Busch and investment from the company’s investment and innovation group, ZX Ventures. Founded in 2019, Canteen Spirits is a manufacturer of no sugar, low carbs, and low ABVs drink brands such as Canteen, vodka-based cocktails, and Cantina, a tequila-based drinks. Fabricio […]
USA: Utz Brands to acquire Festida Foods for $41 million
US manufacturer of branded salty snacks, Utz Brands, has entered into an agreement with Great Lakes Festida Holdings to acquire all assets related to the operation of Festida Foods for $41 million. Festida Foods is a manufacturer of tortilla chips, corn chips, and pellet snacks for branded companies in the US, being the manufacturer of […]
USA: Stage acquires Haystack Mountain Creamery
US based specialised growth venture fund Stage has announced the acquisition of Haystack Mountain Creamery, a cheese maker from Longmont, Colorado, USA. According to the venture fund’s press release, Haystack specialises in goat and cow milk cheeses, and the company has won a total of 80 awards including Best American Cheese Award in 2017 and […]
France: Carrefour signs partnership with Nordic Coops
Global retail giant Carrefour International Partnership has announced that the company has signed an agreement to form a commercial partnership with Nordic Coops, focusing on private labels. According to Carrefour’s press release, the partnership will enable Nordic Coops to buy Carrefour’s food and non-food private labels, such as French, Italian, and Spanish food private labels, […]
Norway: Orkla to acquire Icelandic company Noi-Sirius
Scandinavian consumer goods giant, Orkla, has announced the full acquisition of the Icelandic chocolate and confectionery company Noi-Sirius for an undisclosed sum. In 2019, Orkla acquired a 20% minority stake in Noi-Sirius and now Orkla has agreed to acquire the remaining shares in the company. Noi-Sirius is a chocolate and confectionery manufacturer with a workforce […]