USA: 7-Eleven to acquire convenience store chain Speedway for $21 billion
US retailer 7-Eleven has announced the acquisition of 3,900 Speedway stores from Marathon Petroleum Corp for $21 billion. Located in 35 states across the US, Speedway is one of the biggest convenience and petrol station retailers in the country, with approximately 40,000 employees. With the acquisition, 7-Eleven will increase its store network to 14,000 across […]
US: Edgewell to Acquire Cremo company for US$235 million
Cosmetic giant Edgewell has announced the acquisition of Cremo, a Men’s grooming company for US$235 million. Founded in 2005, Cremo is one the fastest growing men’s grooming brands in the U.S., offering a full range of care products for the beard, skin, hair, and body. The transaction is part of the Edgewell strategy to acquire […]
Denmark: Hanegal to acquire plant-based meals company Fairdig
Danish food company Hanegal has announced the acquisition of Fairdig, a plant-based ready-meals producer for an undisclosed sum. Based in Ega, Denmark, Fairdig produces frozen ready-meals inspired in world cuisine flavours such as Indian, Italian, Mexican, and Moroccan. This acquisition follows Hanegal plan to have “85% of its products aligned with the plant-based category by […]
Spain: Pastas Gallo to acquire ready-meals company Ta-Tung
Spanish pasta manufacturer, Pastas Gallo, has announced the acquisition of Ta-Tung, a producer of Asian fresh ready-meals for an undisclosed sum. Founded in 1980, Ta-Tung produces ready-meals inspired by cookery from Asian countries such as Japan, India, China, Thailand, and Cambodia. As part of the internalization plan of the company, Ta-Tung has recently entered the […]
Spain: Acon to acquire preserved vegetables company Alsur
American private equity firm Acon has announced the acquisition of Alsur, a Spanish-based producer and distributor of preserved and canned vegetables. Founded by the Jimenez family in 1988, Alsur has production and packaging facilities in Spain, and Peru to serve the US market. The company has its own brand producing also private label products. According […]
Italia: Aksia to acquire Valpizza stake
Italian private-equity firm Aksia has announced the acquisition of a majority stake at Valpizza, a local pizza maker for an undisclosed sum. Founded in 1992 in Valsamoggia, Valpizza is a producer of frozen pizza and pizza bases with a production facility of 7,400 sq ft. According to sources, the company had a turnover of €20 […]
USA: TruFood to acquire Simply Natural Foods
Snack food manufacturer TruFood has announced the acquisition of Simply Natural Foods for an undisclosed sum. With 200 employees, Simply Natural Foods is a producer of nutrition and better-for-you products, such as chocolate, nutritional bars, and peanut butter cups. Pete Tsudis, CEO of TruFood, said: “The combination of TruFood and Simply Natural Foods allows us […]
Germany: Henkel to acquire majority stake in Invincible Brands
German household and personal care giant Henkel has announced the acquisition of 75% stake of Invincible Brands Holding for an undisclosed sum. Founded in 2015, Invincible Brands Holding is a platform of direct-to-consumer (D2C) beauty brands, distributed all across Europe. This deal will involve three major brands: HelloBody, Banana Beauty, and Mermaid+Me producers of premium […]
UK: Gosh! Food to build £5 million facility
UK-based vegan producer Gosh! Food has announced its plans to invest £5 million to build its second production site in the country. The new 17,000 sq ft factory is expected to be opened in 2021 creating 25 new jobs. According to sources, the new site will allow the company to meet the current demand for […]
USA: Beverage USA Holdings to acquire beverage company Nerd
Beverage USA Holdings has announced the acquisition of Nerd, a Texas-based mental acuity beverage company for an undisclosed sum. Founded in 2006, Nerd is a beverage producer focus on concentration, memory and energy drinks, made with nootropics and performance-boosting nutrients such as lpha-GPC, Huperzine-A, GABA, DMAE, and Ginkgo Biloba, to help mental acuity. Howard Davner, […]