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…]
Finance
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…]
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…]
Finnest invests $65 Mn in Kitchens@
Kitchens@ has played a pivotal role in shaping the landscape of the cloud kitchen segment in India Kitchens@, a leading powerhouse in the dynamic cloud kitchen industry, announced the successful acquisition of $65 million in funding from Finnest, an emerging growth investment firm headquartered in London. Significantly, Swiggy was pivotal as a major investor[Read More…]
FGen AG gets funding for sustainable milk protein production project
The EIC has tapped FGen and partners to work on developing a sustainable, alternative approach to milk production using only CO2 and electricity FGen AG, a subsidiary of Ginkgo Bioworks, based in Switzerland, has been awarded funding through the European Innovation Council’s (EIC) Pathfinder Challenge program. This is part of an international research[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…]
