UK: Bakkavor Group to buy Haydens Bakery from Real Good Food
Fresh prepared food provider Bakkavor Group is to acquire Haydens Bakery from Real Good Food for £12 million. The deal is subjected to adjustment in relation to levels of working capital and net debt. This comprises £9.6 million in cash and £2.4 million of existing finance leases. Founded in 1976, Haydens Bakery is a manufacturer […]
Finland: Valio to merge two dairy co-operatives
Finnish dairy firm Valio has announced that will merge two of its co-operatives into a new co-operative ready to launch on 1 September 2019. Based in Lapinlahti, the new co-operative, a result of the merger of Osuuskunta ItaMaito and Osuuskunta Maitosuomi, will be known as Osuuskunta Maitosuomi and will be Valio’s largest single shareholder with […]
Sweet potato gets sporty
The latest innovation insight from Gama Compass MANCHESTER – 10th September 2018: September’s Innovation Insight returns to the theme of functional vegetable ingredients with a look at the launch of a new sports drink that “harnesses the natural goodness” of on-trend sweet potato – V8 +Hydrate Isotonic Drink. An extension to Campbell’s established V8 brand range of […]
USA: Stir Foods & Pacifica Foods to acquire Sabra sauce brand
Stir Foods and Pacifica Foods (known as Stir-Pacifica), part of Chicago based company Wind Point Partners, has acquired sauce business Sabra Dipping Co. The deal includes the Santa Barbara and Chachies brands alongside with the Sabra brand. Founded in 2000, Stir-Pacifica manufactures soups, sauces, dressings and fresh sauces for both retail and food service customers. […]
UK: Soupologie unveils cold-pressed drinking vinegars
UK dairy and gluten free soup specialist Soupologie has announced the launch of Viva La Vinegar, “the UK’s first collection of cold-pressed Drinking Vinegars”. The line aims to be a low-calorie alternative to juices and smoothies. The drink is made by mixing apple cider vinegar with coconut vinegar, and then flavouring it with cold-pressed fruits […]
UK: Finsbury Food Group acquires Ultrapharm for £17 million
UK bakery manufacturer Finsbury Food Group has announced the acquisition of ‘free from’ bakery manufacturer Ultrapharm Ltd for £17 million ($13.3 million). According to a Finsbury Food Group statement, the acquisition is part of an ongoing plan to diversify the company’s product capability into high growth areas. Founded in 1993, Ultrapharm has a workforce of […]
France: Agrial to acquire Aston Manor cider
French farming and food cooperative Agrial has announced the acquisition of UK cider producer Aston Manor. Financial terms were not disclosed. Agrial has 150 processing sites in 15 countries and develops food-processing activities in the fields of milk, fresh produce, beverages and meat. Aston Manor is the UK’s largest independent cider producer, operating four sites and […]
South Africa: Sea Harvest Group to acquire Ladismith Cheese for $30.8 million
Fishing and food business Sea Harvest has entered into agreement to acquire South African dairy firm Ladismith Cheese for 527 million ZAR ($35.8 million). Sea Harvest group CEO, Felix Ratheb said: “Ladismith Cheese exhibits strong fundamentals. It is a profitable, branded fast moving consumer goods food manufacturer of significant scale in the food and agricultural […]
Denmark: Arla to open €36.3 million innovation centre
Arla Foods, the Danish dairy firm, will invest €36.3 million ($41.4 million) to build an innovation centre in Denmark focusing on research and development within whey and milk-based ingredients. The new facility will be part of Arla Foods Ingredients (AFI), an Arla subsidiary, and will “discover and deliver new ways of using milk and whey […]
France: Carlsberg to invest €100 million in Kronenbourg brewery
Carlsberg, one of the leading global brewers, has announced plans to invest up to €100 million ($117 million) to upgrade its Kronenbourg brewery in Obernai, France. “Today, Carlsberg’s rich heritage and close ties to France are perfectly united with our ambitions to invest further in our successful French business,” said Carlsberg CEO, Cees’t Hart. “We […]