USA: Brynwood Partners acquires De Wafelbakkers
Private equity firm Brynwood Partners VIII L.P. has announced the acquisition of De Wafelbakkers from The Oklahoma Publishing Company, a subsidiary of the Anschutz Corporation. De Wafelbakkers is a manufacturer of branded and private label frozen pancakes, waffles, and French toast that employs around 650 people and has two manufacturing facilities. Henk Hartong III, chairman, […]
USA: Cerelia acquires US Waffle
Paris-based Ardian-backed firm Cerelia has announced the acquisition of US Waffle and that the company has received a strategic equity investment from Continental Grain Company. Cerelia is a leading manufacturer of fresh, ready-to-bake dough for pie and pizza and ready to heat pancakes, crepes, and cookies, whilst US Waffle specialises in premium pancakes and waffles. […]
Canada: CapVest to sell Eight Fifty to Sofina Foods
CapVest Partners has entered into an agreement with Sofina Foods to sell Eight Fifty Food Group, a producer of seafood and pork in Ireland and the United Kingdom, for an undisclosed amount. The privately owned Canadian company Sofina Foods operates in 21 different sites and is one of Canada’s largest producer of pork, beef, turkey, […]
USA: Post Holdings to acquire Ronzoni pasta from Riviana Foods
8th Avenue Foods & Provisions, an affiliate of Post Holdings, has entered into an agreement to acquire Ronzoni dry pasta from Riviana Foods, a subsidiary of Ebro Foods for $95 million. The divestment comes after Riviana Foods sold a majority stake in its USA branded pasta portfolio to TreeHouse Foods and Ebro Foods sold Catelli […]
Brazil: Carrefour to buy food retailer Grupo BIG
Global retail giant Carrefour has reached an agreement with Advent International to acquire the third-largest retailer in Brazil Grupo BIG, for about $1.3 billion. The deal reinforces Carrefour’s presence in Brazil, making it almost as big as its European operations outside of France. The acquisition, which is subject to Brazil antitrust approval, will be realised […]
Portugal: Chocolates Valor acquires Imperial
Spanish chocolate producer, Chocolates Valor, has announced the acquisition of Portuguese firm Imperial Produtos Alimentares, the major chocolate manufacturer of Portugal. Imperial, owner of brands such as Regina, Pantagruel, Jubileu and Pintarolas, was part of the venture capital fund Vallis Sustainable Investments I, but within a few weeks it will become part of the leading […]
USA: General Mills proposes sale of European Yoplait
General Mills, the US food giant, has announced a deal to sell its 51% controlling interest in European Yoplait S.A.S. to French dairy cooperative Sodiaal. The ‘memorandum of understanding’ set between both firms includes a reduced royalty rate for use of the Yoplait and Liberte brands in the United States and Canada, as well as […]
UK: Mondelez to acquire majority stake in Grenade
Snack and confectionery multinational Mondelez has announced the acquisition of a majority stake in sports nutrition firm Grenade for an undisclosed sum. Founder in 2010, Grenade is a manufacturer of sports nutrition products with a portfolio of high protein, low sugar products such as bars, shakes, and drinks with exports over 30 countries. The partnership […]
Australia: Patties Foods acquires Fitness Outcomes
Australian pie and pastry firm Patties Foods has announced the acquisition of the ready meal business Fitness Outcomes. According to Inside FMCG, the addition will allow Patties Foods’ annual sales to reach around AUD $500 million ($387 million). During the next two months, the production of the 20 refrigerated and frozen healthy ready meals will […]
Netherlands: FrieslandCampina and Arabian Food Industries form joint venture
Dutch dairy multinational FrieslandCampina has announced that the company has signed a joint venture agreement with Arabian Food Industries (Domty) to export cheese to Africa and the Middle East. According to FrieslandCampina’s press release, the firms are combining efforts in a new company in order to sell affordable cheese products to markets in Africa and […]