Australia: Bega to acquire Lion Dairy & Drinks
Cheese firm Bega has entered into an agreement to acquire Australian company Lion Dairy & Drinks for AUD 560 million (USD 412 million). The news follows the announcement that the previously-announced sale of the business unit to Mengniu would not proceed. Lion Dairy & Drinks’ core business is the manufacture, marketing, sales, and distribution of […]
USA: Unilever to acquire SmartyPants Vitamins
Unilever, the multinational consumer goods giant, has entered into an agreement to acquire US-based vitamin, mineral, and supplement company SmartyPants Vitamins. Founded in 2011, SmartyPants Vitamins offers a range of supplements free from synthetic colour, artificial flavours, sweetener, and preservatives to support the wellbeing needs of children and adults, Unilever said. In particular, the company […]
China: Nestle to sell Yinlu business to Food Wise
Multinational food and drinks giant Nestle has announced the sale of its Yinlu peanut milk and canned rice porridge business in China to Food Wise, a company linked to the family of the Yinlu founder, for an undisclosed sum. The move will allow Nestle to focus on its key categories in China such as coffee, […]
USA: McCormick to acquire Cholula Hot Sauce
McCormick, the US spice and seasoning firm, has entered into an agreement to acquire Cholula Hot Sauce from L Catterton for $800 million in cash. Cholula Hot Sauce is described as a premium hot sauce brand in six varieties of spicy Mexican flavours. It is claimed to be made using high-quality ingredients based on a 100-year […]
USA: Ocean Spray launches B1U brand
Ocean Spray, a US-based agricultural cooperative, has unveiled the B1U brand, described as “a line of functional beverages to support a holistic and inclusive health and wellness routine”. According to a company press release, B1U features on-trend functional benefits, simple ingredients, easy to understand nutrition and recyclable packaging. The new brand aims to “demystify nutrition so that […]
Brazil: Coty to expand deodorant factory
Global beauty company Coty has announced it is expanding a deodorant factory in Brazil which it first opened in 2012. According to Newtrade, the R$20 million ($3.7 million) expansion at Coty’s Goias plant will increase production capacity for aerosol deodorants by 30%, adding one new production line in addition to the three that are currently operating. The investment will […]
UK: Oscar Mayer to buy factory for meat-free foods
Prepared foods manufacturer Oscar Mayer has announced that it is acquiring the David Wood Foods’ factory in Flint, UK to produce meat alternative foods. Commenting on the move, Oscar Mayer chief executive Francois LeGrain said: “Although the Covid pandemic has changed consumer preferences with people having more time to cook from scratch at home, the meat-free […]
USA: B.A.Sweetie Candy Company acquires Campbell’s Sweets Factory
Confectionery wholesaler B.A.Sweetie Candy Company has acquired Campbell’s Sweets Factory, a popcorn and sweets maker, according to a FoodBev report. According to sources, the Ohio- based wholesaler bought all the assets of Campbell’s Sweets Factory, which include the popcorn kitchen, bakery, and retail locations. The firm’s co-owners will become the managers of the new Sweeties Campbell’s […]
France: PAI Partners announces three European acquisitions
European private equity firm PAI Partners has announced the acquisition of the UK chilled food businesses Addo Food Group and Winterbotham Darby, as well as the Spanish fish solution company Angulas Aguinaga. Addo Food Group (Addo) is described as a chilled savoury pastry producer, while Winterbotham Darby supplies foods such as olives, antipasti, continental meats, brioche, […]
Brazil: Grupo GSA acquires La Food
Brazilian manufacturer Grupo GSA has announced the acquisition of LA Food, a producer of snacks described as being made from “healthy” ingredients. Founded in Parana, Brazil in 2011, LA Food is predominantly a private label manufacturer, with customers including the pharmacy chain Nissei, as well Lojas Americanas, for whom it manufactures products under the Leven banner. In addition, […]