Going forward, Ajinomoto Co will further strengthen its consumer foods business in Europe and accelerate growth. Ajinomoto Co, Inc has acquired the French frozen food company Labeyrie Traiteur Surgelés S A S (LTS) through its consolidated subsidiary, Ajinomoto Foods Europe S A S (AFE), which signed a share purchase agreement[Read More…]

The acquisition, the largest in Starbuck’s history, will build on the company’s ongoing investments in the country Starbucks will acquire the outstanding 50 per cent of its joint venture in China for $1.3 billion, as part of its commitment to growing its business in the region. The coffee chain will[Read More…]

It will serve some of Agrana’s highest-profile customers, including Danone, Mengniu, Bright Dairy, and Unilever. Austrian fruit ingredients producer Agrana will invest almost €22 million in a new manufacturing facility in eastern China. The site – at a high-tech industry park in the city of Changzhou, near Shanghai – is[Read More…]

With the deal, McCormick expects to achieve “meaningful accretion” to margins and adjusted earnings per share, excluding transaction and integration costs. It expects cost synergies of about $50 million, most of which by 2020. McCormick & Co said it would buy the food business of British consumer goods conglomerate Reckitt Benckiser Group for[Read More…]

The Company is a manufacturer of shelf-stable, high-protein, gluten-free, naturally lactose-free, baked cheese snack made with organic quinoa and no artificial preservatives and has also launched Parmesan Crisps, Cheddar Crisps and Bacon Cheddar Crisps, with real bacon and no added nitrates or nitrites. Sonoma Creamery, a manufacturer and marketer of[Read More…]

Lactalis is a global dairy company with total sales of €17 billion ($19.3 billion). Cheese manufacturing is the company’s largest market and makes up 34% of sales. Yogurt and chilled dairy make up 12% of sales. The Lactalis Group has entered into an agreement to acquire the organic yogurt maker[Read More…]

The move will keep 125 jobs at the facility. According to media reports, Upstate Niagara Cooperative, a farmer-owned cooperative of 360 dairy farms throughout western New York, has agreed to acquire the Campbell cheese plant of The Kraft Heinz Co. “We’re thrilled to announce that Upstate Niagara Cooperative has agreed[Read More…]

The combined companies will operate 24 distribution centers supplying customers in 46 states and serve a customer base of over 3,000 stores. In a transaction valued at $375 million, Supervalu has completed its acquisition of Unified Grocers, Inc. In addition to the 100% cash transaction of $114 million, Supervalu has[Read More…]

Bright Greens offers frozen smoothie cubes in four flavors. Consumers do not need blenders for this. They simply add hot water to the frozen cubes and shake. US frozen smoothie start-up Bright Greens has raised $2 million in seed funding led by eighteen94 capital, the venture capital fund of the[Read More…]

The $13.7 billion deal marks the push into grocery market by Amazon. Amazon, the world’s most powerful online retailer, will acquire Whole Foods Market Inc. for $13.7 billion, a deal which catapults the e-commerce giant into hundreds of physical stores and fulfills a long-held goal of selling more groceries. The[Read More…]