UK: Florette acquires Axgro Foods
Florette, the French salad vegetable firm, has acquired leading UK beetroot supplier Axgro Foods as it looks to expand its product portfolio. Axgro Foods produces cooked, pickled and flavoured beetroot products both under the Lincolnshire Beetroot Company brand and for private label. In its latest filed accounts, the firm posted a turnover of £13.7 million […]
USA: Walmart looking to buy Jet.com – reports
Walmart – the world’s largest grocery retailer – is looking to reinvigorate its online sales through the acquisition of e-commerce start-up Jet.com, according to a report in Tech Crunch. Quoting “a source with direct knowledge of the deal”, Tech Crunch reports that Walmart is set to pay up to $3 billion for the online retail […]
USA: Kettle Cuisine merges with Del Monaco Foods
Refrigerated and frozen soup producer Kettle Cuisine has announced that it has acquired the privately-held California-based custom food manufacturing firm Del Monaco Foods, which makes products for private label soups and sauces and other specialty items. Kettle Cuisine said that this was the firm’s second deal since being acquired by Kainos Capital in August 2015. […]
Israel: Frutarom acquires Redbrook for $45 million
Irish seasoning specialist Redbrook has been acquired by Israeli ingredients company Frutarom for $44.8 million. The Dublin-based company specialises in seasoning blends, marinades, glazes and cures for the meat and savoury food processing sectors. Redbrook takes Frutarom’s acquisition in 2016 to six, with previous buys including the Austrian firm Wiberg for $130 million, the US […]
Brazil: J Macedo releases new line in partnership with Buddy Valastro
Brazilian food manufacturer J Macedo has announced an investment of R$30 million ($9.2 million) to launch new products and revamp the packaging of existing products under the Dona Benta brand through a partnership with celebrity chef Buddy Valastro. According to Meio & Mensagem, J Macedo will launch a Dona Benta Delicias (‘Delicacies’) line featuring the […]
South Africa: Pioneer Foods acquires Streamfoods
South African packaged goods company Pioneer Foods has bought UK’s Streamfoods for £7.5 million ($10.0 million), according to reports in Fin 24 and Business Day Live. Northamptonshire-based Streamfoods is owned by the Wellness Group of companies and manufactures a range of fruit snacks and bars, predominantly targeting children, under the Fruit Bowl brand. The acquisition […]
India: Colgate to launch herbal toothpaste
In a bid to keep pace with rapidly-expanding ayurvedic specialist Patanjali, health and household care multinational Colgate-Palmolive has announced the launch of a new herbal toothpaste for the Indian market, according to a report in the Economic Times. Colgate Cibaca Vedshakti is said to have been launched in response to a growing preference for products with […]
USA: Kraft Heinz launches frozen meal brand Devour
Kraft Heinz, one of the world’s largest food and beverage firms, has entered the $7.2 billion frozen meal market with the introduction of a new Devour brand that offers a line of “crave-able meals”. According to the manufacturer, the new brand offers meals “so ridiculously delicious you would never expect them to come from the […]
Italy: Ferrero bids for Delacre – reports
Ferrero, the Italian confectionery firm, has submitted a bid to buy the Belgian bakery company Delacre, according to reports in Italian newspaper La Stampa, quoted in the wider media. Reports of talks between Delacre and Ferrero first emerged last month, but these were said to have been played down at the time. Were a deal to […]
USA: P&G posts decline in annual net sales
P&G, the multinational healthcare and household firm, has reported earnings of $65.3 billion, a decrease of 8% versus the prior year, for the financial year ending 30th June 2016. The US firm reported a negative six percentage point impact from foreign exchange and a negative two percent from the combined impacts of Venezuela and minor brand divestitures. […]