UK: Baxters Food Group to acquire Truitt Bros
UK food manufacturer Baxters Food Group has acquired US-based contract manufacturer Truitt Bros for an undisclosed sum. Truitt Bros is a manufacturer of shelf-stable, thermally processed foods, operating from two facilities with a workforce of over 500 staff. According to sources, the acquisition is part of Baxters’ plans to expand its US and global growth […]
Netherlands: IK Investment Partners to sell Signature Foods
IK Investment Partners has announced the sale of Signature Foods to Pamplona Capital Management for an undisclosed sum. Headquartered in the Netherlands, Signature Foods is a branded and private label food franchise in the chilled categories of spreads and dips, bites and tapas, and meal solutions with a portfolio of brands including Johma, Delio, Hamal, […]
Canada: Lactalis Canada buys Ultima Foods
Lactalis Canada, a subsidiary of French dairy giant Lactalis, has announced the acquisition of yoghurt and fresh dairy firm Ultima Foods from Agropur Group. According to the company, the transaction includes all shares in Ultima Foods, and the Iogo, Iogo Nano, and Olympic brands as well as yoghurt production facilities in several locations. With the […]
USA: Whole Earth Brands to buy Wholesome Sweeteners
Plant-based food firm Whole Earth Brands has entered into an agreement to acquire Wholesome Sweeteners for an initial price of $180 million. Founded in 2001, Wholesome Sweeteners produces plant-based and fair-trade certified sweeteners, including sugar, honey, agave nectar, allulose, and other liquids and sweetener products, holding a 76% share in the organic granulated sugar segment […]
China: Nestle launches Harvest Gourmet brand
Food and drink giant Nestle has announced that it is introducing the plant-based brand Harvest Gourmet in China. According to a company’s press release, the plant-based range includes burgers, sausages, nuggets, and mince, as well as alternatives to meals such as kung pao chicken, braised meatballs, pork belly, and spicy wok. The new range will be […]
USA: Norwest Equity Partners acquires Red Monkey Foods
Investment firm Norwest Equity Partners has acquired Red Monkey Foods from San Francisco Equity Partners. Red Monkey Foods is a manufacturer of organic, private label spices and seasonings, as well as the branded salts San Francisco Salt Company and Epsoak, and operates three facilities. Commenting on the deal, NEP Partner Sundip Murthy said: “Red Monkey […]
China: McCain to build second processing facility
Global potato company McCain has announced a $200 million investment to construct a second potato processing facility in China. In a statement, the company said the development comes as the company intends to meet the growing demand for its potato products in China, building on its 25 year presence in the country. The new potato processing plant will […]
Brazil: Marilan acquires Casa Suica
Brazilian biscuits manufacturer Marilan has announced the acquisition of Casa Suica, a company that produces cakes. According to sources, Casa Suica has a large portfolio of premium cakes and panettones, enabling Marilan to move into an adjacent category. The deal will also allow the firm to expand product distribution in the South and Southeast of Brazil, […]
Indonesia: Japfa to sell 80% of dairy business Greenfields for $236 million
Indonesian agri-food and poultry manufacturing business group Japfa has entered into an agreement to sell 80% of South-east Asia branded dairy business Greenfields to affiliates of investment firms TPG and Northstar Group for 236 million, according to reports in Food Business Africa and Straits Times. Founded in 1997, Greenfields has over 16,000 Holstein and Jersey cows which […]
Nigeria: Nigerian Breweries to open PET bottling line
Nigerian Breweries has announced opened a new 5.1 billion NGN ($13.3 million) “ultra-modern” automated PET bottling line at its Ijebu Ode brewery in Nigeria The PET line, which is claimed to have been designed with the latest technology that meets world-class safety and quality standards, is expected to produce 24,000 bottles per hour, increasing capacity […]