This move will enhance Emmi’s dessert portfolio with French-inspired desserts that are widely available in bakery departments and the catering sector, creating a comprehensive range with high innovation potential The Emmi Group has entered into a put option agreement to acquire the leading French group Mademoiselle Desserts. Mademoiselle Desserts specialises[Read More…]
Finance
Novo Holdings invests in MATR Foods expansion in plant-based fungi food
The new financing will enable MATR to scale up its production capacity to meet a growing demand from both existing and new customers Novo Holdings announced an initial investment in Danish food-tech start-up MATR Foods (MATR) to support the scaling-up of its production of sustainable meat alternatives. Established in Copenhagen in 2021,[Read More…]
RBI acquires Popeyes China plans to accelerate growth
RBI has agreed to acquire the Popeyes China business from Tims China on a cash-free debt-free basis based on an enterprise value of $15M Restaurant Brands International Inc. announced two transactions in China, the acquisition of Popeyes China, and the co-investment with Cartesian Capital into the business of TH International Limited. The[Read More…]
Spanish Idilia Foods acquires 50% shares of Cacaolat
The operation will allow joint management of reference brands such as Cacaolat, Laccao, ColaCao Energy, ColaCao Shake and Okey, consolidating the solid position of both companies in the dairy shake market Idilia Foods and Damm have announced an agreement to acquire 50 per cent of Cacaolat Idilia Foods. This move[Read More…]
Japan’s Kirin Holdings to acquire FANCL Corporation
Aim to become one of the largest health science companies in Asia-Pacific Japan-based Kirin Holdings Company Limited (Kirin Holdings) has decided to acquire additional shares of common stock of FANCL Corporation (FANCL) through a tender offer and share warrants under the Financial Instruments and Exchange Act to make FANCL a[Read More…]
Plant-based meat company Tender closes $11Mn series A funding
Its latest partnership with Clover Food Lab brought Tender products to all Clover locations in May 2024 Tender Food Inc., a food technology startup based in Somerville, Massachusetts, has successfully closed over $11 million in Series A funding. Led by Rhapsody Venture Partners, with existing investors Lowercarbon Capital and Safar[Read More…]
Investing in sustainable and resilient agrifood systems required for APAC: ADB
Identifying rural development and food security as an operational priority under ADB’s Strategy 2030 was appropriate given the needs of its developing member countries The Asian Development Bank (ADB) needs to prioritise building resilient and sustainable agrifood systems to achieve its objective of becoming a major contributor towards food security[Read More…]
Müller acquires Yew Tree Dairy
Müller plans to significantly invest in the capacity and capabilities of the Skelmersdale milk-drying site Müller has reached an agreement to acquire Yew Tree Dairy. Yew Tree Dairy, which is based in Skelmersdale, West Lancashire, is a family-owned dairy company producing fresh milk and cream. Following significant investment in recent[Read More…]
Nissin Foods acquires Korean Gaemi Food
The Korean confectionery brand, Kemy, will be added to the Group’s portfolio, further enriching its non-noodle business Nissin Foods Company Limited has announced that the Group, as the purchaser, and the Vendor have entered into a Share Purchase Agreement. This agreement pertains to the acquisition of 100 per cent equity[Read More…]
Mondelēz to invest $5Mn in biscuits and baked snacks category in Singapore
The Lab and Innovation Kitchen will serve as a strategic Centre of Excellence and regional hub driving creative development and innovation in the biscuits and baked snacks category Mondelēz International announced the inauguration of its Regional Biscuit and Baked Snacks Lab and Innovation Kitchen in Singapore, reaffirming its commitment to[Read More…]
