The transaction is expected to close end of March following an information process with employees where required Nestlé announces an agreement to sell its Nordic Professional Premium Culinary business, which includes the brands OSCAR and PULJONKI, as well as two factories located in Roennede, Denmark, and Juuka, Finland, to Solina.[Read More…]
Mergers & Acquisition
Netherlands’ Dawn Foods announces acquisition of Royal Steensma
The acquisition includes four manufacturing plants in The Netherlands, a manufacturing facility in Thailand, and continued involvement with the Food Innovation Academy (FIA) education centre in The Netherlands Global bakery manufacturer and ingredients supplier Dawn Foods announced the acquisition of Royal Steensma, a renowned family-owned bakery ingredients manufacturing company headquartered in Leeuwarden, The Netherlands. Royal Steensma has[Read More…]
UK’s Complete Food acquires SK Foods and Zorba Foods
The two food businesses are category leaders in private-label chilled party foods and dips and deli fillings, with a combined turnover of over £160m and over 1,150 employees The Complete Food Group announced that SK and Zorba Foods have been acquired from The Entrepreneurial Food Group. The two food businesses[Read More…]
Ingredion completes sale of business in South Korea
The Company will work closely with the Sajo Group to ensure a smooth transition for all stakeholders Ingredion Incorporated, a leading global provider of ingredient solutions to the food and beverage industry, announced that it has completed the sale of its business in South Korea to an affiliate of the Sajo[Read More…]
Chobani acquires La Colombe
Chobani financed the acquisition through the combination of a newly issued $550 million term loan, cash on hand and the exchange of Keurig Dr Pepper’s (KDP) minority equity stake in La Colombe into Chobani equity Chobani, LLC a next-generation food and Beverage Company originally known for its high-quality Greek yogurt, announced that it has[Read More…]
Aboitiz Equity Ventures to acquire Coca-Cola Philippines
The proposed deal will strengthen CCEP’s global presence as the largest Coca-Cola bottler in terms of revenue and volume, following its recent expansion into Australia, Pacific & Indonesia Coca-Cola Europacific Partners plc (CCEP) has teamed up with Aboitiz Equity Ventures Inc. (AEV) to pursue the acquisition of Coca-Cola Beverages Philippines,[Read More…]
Japanese F&B giant Kirin Holdings buys Australian brand Blackmores for A$1.8 billion
Blackmores directors have unanimously recommended shareholders vote in favour of the scheme Japanese food and beverages (F&B) giant Kirin Holdings Company is acquiring Australian-listed healthcare company Blackmores at a cost of A$1.8 billion. Kirin and Blackmores have entered a Scheme Implementation Deed with Kirin offering A$95 per share for the[Read More…]
Indian firm Reliance inks strategic partnership with Sri Lankan biscuit brand Maliban
Partnership to enable access to globally recognised product portfolio Reliance Consumer Products Limited (RCPL), the FMCG arm and a wholly owned subsidiary of Indian firm Reliance Retail Ventures Limited (RRVL), has announced a strategic partnership with Sri Lanka headquartered Maliban Biscuit Manufactories. Maliban, a heritage brand and household name in[Read More…]
Nutreco Partnership with BiomEdit to Transform Feed Additives Through Microbiome Technology
Collaboration an industry-first focusing on discovery, development, and commercialisation of next-generation ultra-specialty feed additives called Biome-actives to address livestock producers’ health and sustainability challenges The partnership aligns Nutreco Exploration (NutEx), Nutreco’s team tasked with developing proprietary ultra-specialty ingredients to promote its purpose of Feeding the Future, with animal health’s most advanced microbiome biotech company, BiomEdit. The collaboration covers the discovery, development and commercialisation of Biome-actives developed using BiomEdit’s advanced microbiome science and bioinformatics platform. These[Read More…]
FrieslandCampina Ingredients announces it has entered a strategic partnership with specialist biotechnology company Triplebar Bio Inc.
The partnership reaffirms the commitment of both companies to develop innovative and futureproof protein solutions that improve human health. FrieslandCampina Ingredients, the global innovator in healthy and functional ingredients, today announces it has entered a strategic partnership with specialist biotechnology company Triplebar Bio Inc. to develop and scale up the production of[Read More…]
