Unifrutti further expands its global multifruit platform into blueberries and avocados through the acquisition of Bomarea and AvoAmerica Peru Unifrutti Group, a leading global producer and distributor of fresh fruit, announced the acquisition of 100 per cent of Bomarea and the Peruvian operations of AvoAmerica (AvoAmerica Peru) from the US-based agribusiness investment[Read More…]
Mergers & Acquisition
Grupo Bimbo acquires Vel Pitar bakery in Romania
With the purchase of Vel Pitar, the Mexico-based company expands its global presence to include 34 countries on four continents Grupo Bimbo, the world’s leading and largest bakery company, announces its arrival in Romania following the acquisition of the Vel Pitar bakery. Founded in 1999, Vel Pitar operates ten bakeries[Read More…]
Inghams Group to acquire Bostock Brothers for NZ$35Mn
The deal includes the purchase of 100 per cent of Bostock Brothers Limited shares, the Bostock brand for poultry products, three farming properties, and a primary processing plant, with completion anticipated by September 2024 In a strategic move to bolster its market position, Inghams Group Limited (ASX: ING) has announced[Read More…]
Vegan Food acquires German Tofutown
The latest acquisition is Vegan Food Group’s first since it was rebranded as a new development out of its initial company, VFC Foods Vegan Food Group has agreed to acquire Tofutown, a German tofu manufacturer with €60 million in revenue. The latest acquisition is Vegan Food Group’s first since it was[Read More…]
Fonterra plans to merge New Zealand and Australian brands
The integration will take effect on May 1, 2024. René Dedoncker, Fonterra Australia’s managing director, will lead the new Fonterra Oceania team Fonterra, the dairy cooperative, plans to merge its New Zealand and Australian brands into a single entity called Fonterra Oceania. CEO Miles Hurrell stated in a letter to[Read More…]
Turkish Coca-Cola to acquire Coca-Cola Bangladesh Beverages
The acquisition will involve CCI acquiring all CCBB shares at a net value of $130 million, or over Tk 1,400 crore Turkish beverage company Coca-Cola Icecek (CCI) has recently signed an agreement to acquire Coca-Cola Bangladesh Beverages Ltd (CCBB) for $130 million. CCBB is one of the two Coca-Cola bottlers[Read More…]
BRITA SE Germany acquires innovative hydration company LARQ
Experts in drinking water optimization continue international expansion into North American consumer business under the LARQ brand BRITA SE, one of the world’s leading companies in the field of drinking water optimisation and individualisation, has acquired LARQ, Inc., the innovative brand behind a line of sustainable and healthy hydration products in North[Read More…]
Nestlé announces sell of Nordic premium culinary brands to Solina
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…]
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…]
