Kroger, the US retail giant, has signed a definitive agreement to acquire regional competitor Giant Eagle, a US food and pharmacy retailer, in a transaction valued at $1.65 billion. According to a company statement, the transaction consists of $1.25 billion in cash consideration alongside the assumption of approximately $400 million in outstanding liabilities. The deal, which has been unanimously approved by Kroger’s board of directors, is funded entirely with cash. …
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Lactalis, the French dairy giant, is investing approximately €50 million ($57 million) to expand production capacity at its Neuburg dairy facility in Bavaria, Germany. The expansion project at the Neuburger Milchwerke site involves the construction of a new single-storey production building spanning approximately 5.5 hectares. Scheduled to begin operations in August or September, the new facility will add quark to the site’s output. By 2030, the expanded plant is expected …
Coca-Cola, the global beverage giant, is set to finally close its bottling facility in Northampton (MA) by the end of this year. The planned closure will result in the layoff of 175 workers, with the job cuts expected to take place in August and November. The Northampton plant is responsible for producing the company’s non-carbonated beverages, including juices and teas such as Minute Maid and Powerade. The closure had been …
Champion Petfoods, the Canadian pet food manufacturer, has announced the grand opening of its C$32 million ($23.5 million) Global Innovation and Discovery Centre in Acheson, Alberta. The pilot facility, located at the company’s NorthStar Kitchen, was funded by parent company Mars. The centre is designed to develop, evaluate and refine new recipes, proprietary technologies and product concepts for its Orijen and Acana brands before scaling them to high-volume production. According …
Refresco, the German beverage bottling company, has agreed to acquire the business operations of insolvent German mineral water and soft drinks producer Rhenser Mineralbrunnen. The agreement was reached following negotiations with Rhenser Mineralbrunnen’s provisional insolvency administrator, Alexander Jüchser, and managing director, Holger Sieck. A creditors’ committee has approved the transaction, which is scheduled to become effective on the 1st August. While financial details of the deal have not been disclosed, …
Tom Collins Distilling, an affiliate of Buffalo Trace owner Sazerac, has purchased the former Garrard County Distilling property in Lancaster, Kentucky. The spirits producer secured the 210-acre site with a successful bid of $20 million during a court-ordered auction. The property had previously been appraised at more than $27.9 million. Garrard County Distilling, which originally began production in January 2024 as the largest independently owned Bourbon distillery in Kentucky, halted …
Capri-Sonne, the Switzerland-based beverage company, is expanding its portfolio in Germany with the launch of a new energy drink brand targeted at adults called Game On. Breaking away from traditional carbonated cans, Game On is a still energy drink packaged in a deposit-free, resealable 330ml pouch designed for flexible, on-the-go convenience. According to the company, the launch capitalises on the European energy drink market, which is growing by an average …
Umios, the Japan-based food production and distribution company, has announced that its board of directors has resolved to acquire a 51% equity stake in Malaysian pet care holding company Pet World International (PWI). The transaction, valued at approximately ¥11,400 million ($71 million), will be executed through a newly established holding company. Following the acquisition, PWI will become a specified subsidiary of the company. Operating across Southeast Asia with Malaysia as …
Cencosud, one of the largest retailers in the Americas, has entered into an agreement to acquire 100% of the operations of St. Marche, a premium specialty grocery chain based in Brazil. The transaction, executed through Cencosud’s wholly-owned subsidiary Cencosud Brazil Comercial Ltda., involves the acquisition of the supermarket business from Hortus Comercio de Alimentos S.A. and its subsidiaries. The deal will be carried out on a debt-free, cash-free basis. Funding …
Honasa Consumer, the company behind the Mamaearth personal care brand, has agreed to acquire a 58% stake in nutraceuticals business Fluence Pharma for an enterprise valuation of around 135 crore INR ($14.2 million). The move marks Honasa Consumer’s entry into the vitamins and dietary supplements space. Under the terms of the deal, which will be executed through a secondary share purchase, the remaining 42% stake will be acquired in two …
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