China: TCP Group to invest $149.3 million to expand presence in China
Thai enterprise TCP Group has announced its plans to invest ¥1.06 billion ($149.3 million) to expand its presence in the Chinese market, over the next three years. This investment intends to support its local partnerships, establish a new representative office, in-country team, and manufacture centers as well as support the launch of new Red Bull […]
Spain: Dacsa Group to complete Dacsa Atlantic acquisition
Spanish company, Dacsa Group has completed the acquisition of the 100% company stake of Dacsa Atlantic, in which, had been 50% shareholder. Previously called Atlantic Meals, Dacsa Atlantic is one of the leading Portuguese companies on the rice and maize market, specialised on drying, storage, processing and commercialisation of these products for the food and […]
USA: Harmoni to acquire Uncle Matt’s Organic Brand
Dean Foods, the food and beverages company, has announced the sale of Uncle Matt’s Organic Brand to Harmoni. Founded in 1999 by Matt McLean and sold in 2017 to Dean Foods, the juice brand Uncle Matt’s Organic is now being sold to a company created by its founder as well as a team of investors. […]
USA: Coty to sell majority stake of hair care business for $4.3 billion
The global beauty company Coty has announced the sale of the majority stake of its Professional Beauty and Retail Hair Businesses for $4.3 billion to global investment firm KKR. Owner of brands such as Clairol, OPI, ghd, and Wella, Coty is one of the biggest beauty companies making cosmetics, skincare, fragrances, and hair colour products […]
Spain: Costa Food Group to acquire stake in Aviserrano Group
Italian meat processor Costa Foods Group has acquired 50% stake of Aviserrano Group, entering the poultry sector. Based in Spain, Aviserrano Group is one of the national leading players of fresh and processed chicken and turkey meat with a turnover of €315 million and almost 1,800 employees. The Group is owned by several companies such […]
Italy: Panapesca to acquire stake in Il Faro Quality Fish
Panapesca, an Italian seafood processor, has announced the acquisition of 65% stake of Italian ready-to-eat company Il Faro Quality Fish, for an undisclosed sum. According to sources, this deal is part of Panapesca’s industrial development plan, to enter on the ready-to-eat market segment and consolidate its presence in the northeast of Italy. Fabrizio Paesini, CEO […]
US: Sauer Brands to acquire Chicago Custom Foods
US-based condiments manufacturer Sauer Brands has announced the acquisition of Chicago Custom Foods from private investment firm Highlander Partners for an undisclosed sum. Founded two decades ago, Chicago Custom Foods is a producer of branded seasonings whose portfolio includes Kernel Season and Tasty Shake. Jeff Partridge, Chicago Custom Foods chairman and a Highlander managing director […]
USA: Philadelphia Macaroni to acquire A. Zerega’s Sons
US-based pasta company, Philadelphia Macaron, has announced the acquisition of A. Zerengas’s Sons, for an undisclosed sum. Having opened its first factory in 1848 by Antoine Zerega, A. Zerega’s Sons is a producer of dry pasta for the foodservice channels, industrial ingredient, and retail. With this deal, A. Zerega’s Sons will be wholly owned by […]
USA: Sonoma Brands to acquire Krave Pure Foods
Sonoma Brands, a California-based private equity investor has announced the acquisition of Krave Pure Foods brand from The Hershey Company for an undisclosed amount. Dedicated to the production of protein snacks, Krave Pure Foods portfolio includes Krave Meat Cuts, Krave Pork Rinds, and most recently, Krave Plant-Based Jerky. According to sources, the company expects to […]
China: Nestle to launch NesQino a line of personalised beverages
Multinational food and drinks giant Nestle has launched NesQino, a customisable functional beverage product on the market in China. NesQino offers a digitally connected Q-cup machine, a variety of superfood sachets, and three base sachets: smoothie, oat shake, and milkshake. Consumers can choose from 21 different flavour recipes, which are made from 100% natural ingredients […]