With this agreement, Vandemoortele expects to acquire Bunge’s margarines and spreads business in Germany, Finland, Poland and Hungary, along with its spreads and margarine manufacturing sites Bunge has announced an agreement to sell its European margarines and spreads business to Vandemoortele, a leading family-owned food group in Europe with a[Read More…]
Mergers & Acquisition
Woodland Gourmet acquires Sevillo Fine Foods
This strategic move aims to enhance Woodland Gourmet’s product portfolio and value-added capabilities, further solidifying its position in the food service, retail, and industrial markets Woodland Gourmet, a leading provider of custom culinary solutions, announced the acquisition of Sevillo Fine Foods, a creator of chef-inspired, ready-to-eat frozen ingredients. This strategic[Read More…]
Unilever to sell The Vegetarian Butcher to Vivera
This divergence makes a sale of the brand the best option for both Unilever and The Vegetarian Butcher Unilever has announced that it has received a binding offer from Vivera to acquire The Vegetarian Butcher. The brand was bought by Unilever in 2018 by founder Jaap Korteweg and has since[Read More…]
Saputo Dairy Australia sales King Island Dairy business
SDA remained hopeful of finding an alternative solution, given the substantial impact on employees and the broader community Saputo Dairy Australia (SDA) announced it has entered into a binding agreement to sell its King Island Dairy business. As part of the agreement, impacted employees will receive an offer to transfer[Read More…]
Nestlé acquires 40% stake in China’s confectionery manufacturer Xu Fuji
Nestlé formed a partnership with Xu Fuji in 2011, acquiring 60 per cent of Xu Fuji’s shares and providing technical and market support for the Xu Fuji brand series Nestlé China announced that it has reached an agreement with the Xu family to acquire the remaining 40 per cent stake[Read More…]
Singapore’s Olam Group to divest majority stake in Olam Agri to SALIC
This strategic divestment follows SALIC’s earlier acquisition of a 35.43 per cent stake in Olam Agri in December 2022, valued at $3.50 billion Singapore-based Olam Group Limited (OGL) has announced its decision to sell a controlling 80.01 per cent stake in Olam Agri Holdings to Saudi Agriculture & Livestock Investment[Read More…]
Bronco Wine acquires assets of Wine Hooligans
The acquisition includes Wine Hooligans’ Santa Rosa production facilities, which have been instrumental in the company’s winemaking operations Bronco Wine Co., a leading force in the U.S. wine industry announced the acquisition of key assets of Wine Hooligans at auction. Bronco Wine Co., which has been the majority shareholder in Wine Hooligans[Read More…]
Restaurant Brands International announces plan for Burger King in China
RBI acquires partners’ equity stakes and will identify a new local operating partnertransaction shows commitment to drive long-term growth in China Restaurant Brands International announced that a subsidiary of RBI has acquired from TFI Asia Holdings BV (TFI) and Pangaea Two Acquisition Holdings XXIII, Ltd (Cartesian) all their equity interests in[Read More…]
Solina acquires US-based Sokol Custom Food Ingredients
The acquisition will enhance Solina USA’s sweet sauce capabilities, increase capacity and scale, further strengthen its resilient supply chain, and drive growth Paris-based Solina, a leader in the global food industry specialising in savoury food solutions, has acquired U.S.-based Sokol Custom Food Ingredients (Sokol), further expanding its presence in North America.[Read More…]
Mérieux NutriSciences completes acquisition of Bureau Veritas
Through this phase of the acquisition, Mérieux NutriSciences establishes a strong presence in the Japanese, Moroccan and Southeast Asian markets, and enhances its capabilities in South Africa Mérieux NutriSciences, a global leader in food safety, quality, and sustainability, has announced the completion of its acquisition of Bureau Veritas’ food testing activities[Read More…]
