Italy: Newlat in talks to buy Centrale del Latte d’Italia
Italian food group Newlat has announced that it intends to buy a majority stake in Centrale del Latte d’Italia, an Italian-based dairy group. With revenue of €180 million ($ 193 million) last year, Centrale del Latte d’Italia is a producer of milk, yogurt, cream and cheese as well as fresh vegetables, pasta, cured meats, and […]
Canada: Mondias Natural Products to acquire Erablier
Mondias Natural Products, a Canadian-based company specialised in natural health products, has announced the acquisition of Erablier for an enterprise value of C$1 million ($690,000). Based in Quebec, Canada, Erablier is a producer of organic maple water, obtained from sugar extracted from maple tree sap. According to Mondias Natural Products, the acquisition will expand its […]
France: Casino Group to sell Leader Price assets to Aldi
French-based retailer Casino Group has announced the agreement to sell 567 Leader Price stores and 3 warehouses to Aldi in France for an enterprise value of €735 million ($787 million). The sale is said to be in line with Casino Group’s strategy to reduce debt and improve its financial situation, reportedly amid fierce competition between […]
USA: Myprotein to launch first clear vegan protein shake
Myprotein, UK-based sports nutrition brand, developed a clear plant-based protein shake that will be introduced on the US market, to meet the increased demand for vegan products. According to the manufacturer, the powdered protein shake is sweetened with stevia and monk fruit extracts, being sugar and fat free, and it is available in two flavours: […]
UK: PZ Cussons announces sale of Luksja, plans to sell Nutricima
PZ Cussons, a leading consumer products group, has announced the sale of its Polish care brand Luksja and its plans to sell its Nigerian dairy business Nutricima. The Greek personal care company, Sarantis Group, was the buyer of Luksja. The group will also distribute some PZ Cussons brands in Central and Eastern Europe. Nutricima is […]
USA: Puration to acquire Hemp4mula CBD Confections
Puration, the US-based CBD infused products company, has announced the acquisition of Kaly’s Hemp4mula CBD Confections business for an undisclosed sum. Focused on the development of a CBD formulation that can treat symptoms associated with chronic obstructive pulmonary disease and other similar respiratory conditions, Kaly is said to have patented a CBD extract that provides […]
France: Bel Group to acquire All in Foods
Bel Group, the multinational cheese firm, has announced the acquisition of the French start-up All In Foods for an undisclosed sum. Founded in 2013, All in Food is a family business which develops and produces plant-based cheese and sauce alternatives and is the owner of Nature & Moi brand. According to Bel Group, this acquisition […]
Spain: Mercadona to invest €1.8 billion in 2020
Mercadona, the Spain-based supermarket chain, has announced its intention to invest €1.8 billion in 2020 on a “transformation plan”. The plan will mainly consist of opening new 69 stores in Spain and 10 in Portugal. Similarly, Mercadona will renovate 160 supermarkets, install ready-to-eat food counters in 460 stores, build new logistics facilities and continue to […]
USA: PepsiCo to acquire Rockstar Energy Beverages
PepsiCo, the US based drinks and snacks giant, has announced the acquisition of Rockstar Energy Beverages for $3.85 billion. Founded in 2001, Rockstar Energy Beveragesproduces beverages that are designed for those who lead active lifestyles, offering over 30 flavours at convenience and grocery stores in more than 30 countries. Through the deal, PepsiCo is aiming […]
UK: Toast Ale and Warburtons launch “beer made with crumpets”
Toast Ale, a UK-based brewing company, has announced the launch what is said to be the first beer created from leftover crumpets, the result of a partnership with bakery company Warburtons. Warburtons, described as a family business run by the fifth generation of the Warburton family, bakes millions of crumpets a year. The idea behind […]