USA: Emmi to acquire Indulge Desserts
Swiss dairy firm Emmi has announced the acquisition of the US dessert business Indulge Desserts from AUA Private Equity for an undisclosed sum. Emmi has agreed to purchase an 87.7% stake in the company as part of its strategy to strengthen its dessert business in the US. Founded in 1993, Indulge Desserts is a manufacturer […]
Germany: Carlsberg to acquire Wernesgruner Brewery
Leading Danish brewer Carlsberg has announced that it has entered into an agreement to acquire Wernesgruner brewery from Bitburger Braugruppe. According to Carlsberg, Wernesgruner is one of the most traditional German beer brands and will give Carlsberg a better position in northern and eastern Germany. The addition of the Wernesgruner brewery to theCarlsberg network will […]
Australia: SPC to acquire The Kuisine Company
Australian agribusiness firm SPC has announced the acquisition of a majority stake in The Kuisine Company, an Australian manufacturer of frozen ready meals and appetizers. The acquisition, which also includes wholly-owned brands such as The Good Meal Co, The Gluten Free Meal Co and, Simple Special, will allow SPC to expand as part of its […]
UK: Ferrero to acquire Fox’s Biscuits from 2 Sisters for £246 million
CTH Invest, a Belgian holding company associated with Ferrero, has entered into an agreement to acquire part of Fox’s biscuit business from 2 Sister Food group for £246 million ($328 million), according to a FoodBev report. Fox’s Biscuits owns brands such as Rocky Bars, Party Rings, Crunch Creams, and also manufactures for private label companies. As part […]
UK: Walmart to sell Asda for £6.8 billion
Supermarket giant Walmart has entered into an agreement to sell UK grocery chain Asda to Issa Brothers and TDR Capital for £6.8 billion ($9.1 billion). The acquisition will return the chain to UK ownership following its acquisition by Walmart for £6.7 billion ($8.9 billion) in 1999. According to sources, the new owners joined together to acquire an equal […]
UK: Meatless Farm to raise money for global expansion
Plant-based manufacturer Meatless Farm has raised $31 million to support expansion plans in the UK, Europe, the US, and Asia, according to a FoodBev report. The funds will reportedly be used to expand the brand in existing markets, grow the business to new regions, add more products to the portfolio, and further develop manufacturing in […]
Belgium: Cargill builds “House of Chocolate” complex
Leading US multinational Cargill has announced plans to build a new chocolate complex at its site in Mouscron, Belgium. According to a press release from the multinational, the 700 sq m “House of Chocolate” complex will feature a “chocolate experience centre”, a pilot plant, a sensory lab and a creative workspace for Cargill’s European R&D team. […]
USA: PepsiCo to launch functional beverage Driftwell
US food and beverage company PepsiCo has announced the launch of Driftwell, a new relaxation drink that contains l-theanine. According to Beverage Daily, the “enhanced water beverage” went from concept to execution in under a year, and was part of the firm’s internal program “The Next Big Idea”, which uses an online platform for employees […]
Netherlands: Vivera to invest €30 million to expand meat-free facility
Plant-based foods company Vivera has announced an investment of €30 million ($36 million) to expand its Dutch facility and meat alternative production, according to a FoodBev report. The investment, which will be made over the next three years, is reportedly being made in response to the increasing demand for plant-based food suitable for vegetarians and […]
Brazil: Rede Polo to acquire 57 Dia stores
Rede Polo, a retailer based in the state of Rio Grande do Sul, Brazil is reportedly acquiring 57 stores from Spanish supermarket chain Dia. According to sources, Dia recently ceased operations in the state of Rio Grande do Sul, where it had 70 outlets. Four of the stores to be acquired are located in the state capital Porto […]