Germany: Katjes acquires cookie dough business SD Sugar Daddies
German confectionery firm Katjes has announced the acquisition of a 25% stake in SD Sugar Daddies, a leading German cookie dough company and owner of the Cookie Bros brand, through its confectionery division, Katjes Fassin, for an undisclosed sum. In 2018, Katjes Fassin acquired a 10% stake in SD Sugar Daddies, which was later transferred […]
India: Heritage Foods acquires 51% stake in Get-A-Way
Heritage Foods, the Indian dairy firm, has announced the acquisition of a 51% stake in Get-A-Way ice cream maker Peanutbutter and Jelly Pvt Ltd from Sky Gate Hospitality for 9 crore INR ($1 million). Established in 2018, Get-A-Way makes high-protein, no-added-sugar ice creams and desserts, using whey protein and natural sugar substitutes to appeal to […]
USA: PNC Brands Group acquires majority stake in Ice Cream Factory
PNC Brands Group, which provides integrated support for food brands and is the parent company of Pivot North Consulting Group and PNC Specialty Foods, has acquired a majority stake in the US-based, family-owned ice cream business Ice Cream Factory. Founded in 2019, Ice Cream Factory produces handcrafted ice cream sold in thousands of retail outlets […]
UK: Supreme acquires SlimFast UK and Europe from Glanbia
Supreme plc, the diversified consumer goods supplier, has acquired SlimFast’s trade and selected UK and European assets from Glanbia, a worldwide nutrition and food firm, in a £20 million ($26.6 million) deal. Founded in the US in 1977, SlimFast is defined as a leading brand in the weight management sector, recognised for its range of […]
South Africa: Premier Foods to acquire RFG Holdings
UK food manufacturer Premier Foods has announced plans to acquire South African food producer RFG Holdings through a share swap that will see RFG shareholders collectively owning approximately 22.5% of the enlarged Premier Group. Founded in 1896 in Groot Drakenstein, Western Cape, RFG specialises in convenience foods for local and global markets. Its portfolio includes […]
UK: Froneri acquires Food Union’s European ice cream business
Froneri, the ice cream joint venture of Nestle and R&R ice cream, has signed an agreement to acquire Food Union’s European ice cream business, covering all its markets in Denmark, Norway, Estonia, Latvia (excluding dairy), Lithuania and Romania. Food Union is a global food producer and distributor, managing six factories, over 25 brands and more […]
Netherlands: JDE Peet’s opens innovation laboratory
Netherlands-based coffee and tea major JDE Peet’s has announced that it has opened a modular innovation laboratory in Utrecht, Netherlands, to accelerate next-generation coffee breakthroughs. The new facility will focus on developing single-serve, capsule, ready-to-drink and instant formats, together with sustainable packaging innovations. It also features updated processing, heating and ventilation systems engineered to recover […]
Netherlands: LT Foods to acquire Global Green Europe
LT Foods, a global food company, has announced that it has signed a definitive agreement to acquire to acquire a 100% stake in Hungary-based preserves firm Global Green Europe for €25 million ($29 million) through its Netherlands-based step-down subsidiary LT Foods Europe Holdings Limited, . Founded in 2006 following the acquisition of the former Intergarden N.V., […]
Switzerland: Coca-Cola HBC acquires controlling stake in Coca-Cola Beverages Africa
Coca-Cola and Gutsche Family Investments (GFI) have announced the sale of a 75% controlling stake in Coca-Cola Beverages Africa (CCBA) to Swiss bottler Coca-Cola HBC for $2.6 billion. CCBA is the largest Coca-Cola bottler in Africa, operating in 14 countries and handling 40% of Coca-Cola’s product volume on the continent. Commenting on the move, Coca-Cola executive […]
UK: Valeo Foods to close confectionery facility in the UK
Valeo Foods, a leading European producer of sweets and snacks, has announced plans to shut down its confectionery plant in Pontefract, UK. The Pontefract facility manufactures a variety of products under the Barratt brand, such as Anglo Bubbly bubblegum, liquorice, sherbet, gummies and other sweets. Commenting on the move, Valeo’s UK business CEO Kevin Moore […]