B&G Foods, the US-based ambient and frozen foods company, has announced that it has entered into an agreement to sell its Green Giant and Le Sieur frozen brands in Canada to Nortera. According to B&G Foods, the proceeds will be utilised for general corporate purposes, including long-term debt repayment, acquisition of assets relevant to its business activities, and the settlement of taxes, fees and sale-related expenses. Nortera is a leading …
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Orkla, the Scandinavian consumer goods giant, has announced plans to close its Skovlund pasta plant, which currently produces goods for the Dragsbaek brand. In a statement, the company said it intends to move production to a different location. The Skovlund plant has been under Orkla’s ownership and management in recent years, and Dragsbaek has played no role in its operation. “The closure does not affect Dragsbæk’s own production setup” Orkla said in …
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 to sister company Katjesgreenfood, now holding a separate 27% stake. The latest deal gives the …
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 health-conscious buyers in India’s premium dessert category. Commenting on the move, Heritage Foods executive director …
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 across the United States, as well as offering co-manufacturing services to regional and emerging food …
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 meal replacement shakes, snack bars, and weight loss programmes. The brand’s UK and European presence …
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 Rhodes canned vegetables and juices, Pakco curry powders and Man’s Meal pies, alongside private label …
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 than 1,000+ products, primarily in ice cream, dairy and frozen foods, across ,ore than 20 countries. Commenting …
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 heat and lower energy consumption. Commenting on the move, JDE Peet’s chief R&D officer Carolyn …
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., the Hungarian arm of Global Green manufactures canned sweetcorn and jarred gherkins, silver skin onions, …
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