Indian beauty retailer Nykaa, via its parent company FSN E-Commerce Ventures, has approved the purchase of a 51% majority stake in direct-to-consumer skincare brand Aminu for a cash consideration of up to Rs 32 crore ($3.8 million). The transaction, structured on a fully diluted basis, is expected to complete by 15th September, with Nykaa planning to acquire the remaining 49% stake over the next few years. Founded in 2019 by …
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Entrepinares, the Spanish cheese and dairy products manufacturer, has announced an investment plan exceeding €60 million ($65 million) to boost the industrial, logistical and technological capacity of its Las Arenas manufacturing facility in Valladolid. Scheduled for completion by the end of 2027, the investment cycle focuses on introducing new ripening chambers, a finished product warehouse, sliced product lines and progressive packaging automation. The family-owned business, which supplies major retailer Mercadona, …
Red Tree Beverages, a firewalled subsidiary of soft drinks giant Coca-Cola, is expanding its Minute Maid Spiked alcohol-ready-to-drink (ARTD) range with the launch of Vodka Lemonade Iced Tea. Designed to round out the brand’s vodka lemonade offerings, the new beverage blends vodka with “bright” lemonade and “refreshing” iced tea. The product is a non-carbonated drink containing 3% lemon juice with an alcohol content of 5% abv. It is available across …
Procter & Gamble (P&G), the US consumer goods giant, has entered into a definitive agreement to acquire Thorne, a US-based provider of personalized health and wellness solutions, from L Catterton’s Flagship Fund. Founded in 1984, Thorne offers clinical nutritional supplements and technology tools, including its AI-powered wellness advisor Taia. The company operates a manufacturing facility in South Carolina. According to the company, the acquisition will position Thorne to expand its …
Orkla Snacks, the confectionery, biscuits and salty snacks business unit of Orkla, has agreed to acquire 100% of the shares in vegan sugar confectionery producer The European Candy Group, also known as CCI. The transaction values the Dutch private-label confectionery manufacturer at an enterprise value of €207 million ($225 million) on a cash- and debt-free basis. Orkla reported that the deal will provide the production capacity needed to support the …
Ferrarini Lab, a subsidiary of Italian meat products company Gruppo Pini, is investing €99.9 million ($109.5 million) to construct a new production hub in Masone, Reggio Emilia. The project has received a favourable evaluation from the Emilia-Romagna regional authority and has been submitted to the Ministry of Enterprises and Made in Italy for funding support through Invitalia. The new plant will involve the redevelopment of an industrial site that has …
Scandi Standard, the Swedish poultry producer, has entered into an agreement to acquire Glenhaven Foods, an Irish producer of frozen value-added poultry products, at an enterprise value of €127 million ($138 million). The acquisition expands Scandi Standard’s presence in the UK and Ireland, building upon the leading position of its Irish business, Manor Farm. Founded in 1986, Glenhaven Foods employs approximately 190 people and supplies major retail, foodservice and quick-service …
Sargento Foods, the US natural cheese company, has signed a definitive agreement to acquire California-based La Terra Fina, a category leader in dairy-based dips, spreads and quiches. The deal will see Sargento Foods enter the deli department of grocery retailers across the USA. Founded in 1983, Union City-based La Terra Fina employs approximately 250 staff and has been a private affiliate of the Catamount Management Corporation since 2015. Sargento Foods …
Alimentation Couche-Tard, the Canadian convenience and mobility retailer, has announced an agreement to acquire a controlling stake in Zabka Group, Poland’s largest convenience retailer. Through its wholly owned subsidiary Circle K Polska, Couche-Tard will initiate a voluntary tender offer at 32.00 PLN ($8.48) per share, valuing Zabka’s total equity at approximately 32.62 billion PLN ($8.6 billion). Key executive managers and major shareholders, including CVC Capital Partners and Partners Group – who together …
Carlsberg Britvic, the UK soft drinks and beer producer, has announced that it will brew and distribute Japan’s Sapporo premium beer as the brand’s full licence partner in the UK from 1st August. Following an 18-month distribution period across the on-trade, the agreement will see Carlsberg Britvic oversee the on-trade and off-trade channels nationwide, as well as all brewing and marketing activities. The company aims to accelerate the brand’s growth …
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