rami-levi-to-acquire-20-of-cofix-coffee

January 2, 2018 | Finance

Rami Levi to acquire 20% of Cofix coffee

Rami Levi also received a two-year option to increase its stake to 50.01 percent. Rami Levi, one of Israel’s leading supermarket chains, has agreed to buy 20 percent of coffee and…
nestle-to-sell-us-chocolate-biz

December 22, 2017 | Finance

Nestle to sell US chocolate biz

The sales process is robust and the Swiss KitKat maker expects to reach a sale in the first quarter of 2018. Nestle is expected to sell its U.S. confectionery business…
hershey-to-acquire-amplify-snack

December 19, 2017 | Finance

Hershey to acquire Amplify Snack

Hershey Co has plans to gain a firmer footing in the fast-growing market for healthy snacks.  Hershey Co has plans buy SkinnyPoppopcorn maker Amplify Snack Brands in a deal valued at $1.6 billion, including debt,…
nestle-to-expand-into-vitamins-and-supplements

December 6, 2017 | Finance

Nestle to expand into vitamins and supplements

Nestle is buying Atrium from a group of investors led by private-equity firm Permira Funds. The Swiss food and beverage giant, Nestle is planning to expand into vitamins and supplements…
toho-buys-two-southeast-asian-firms

December 4, 2017 | Finance

Toho buys two Southeast Asian firms

The company aims to expand the market share in Singapore first. Japanese food company Toho has bought two Southeast Asian firms, one in Singapore and the other in Malaysia, to expand…
revenues-rise-for-hong-kong-based-vitasoy

December 1, 2017 | Finance

Revenues rise for Hong Kong based Vitasoy

The company is said to be driven by strong sales performance, with the gross profit increasing by 19% to HK$1,922 million. Hong Kong-listed soy milk and tofu manufacturer Vitasoy has…
syngenta-to-acquire-nidera-seeds

November 7, 2017 | China

Syngenta to acquire Nidera Seeds

Nidera BV is a Dutch subsidiary which was originally acquired when COFCO bought 51% of the shares in 2014. Syngenta has entered into a binding agreement to acquire Nidera Seeds…
kraft-heinz-grows-sales-by-0-7

November 2, 2017 | Finance

Kraft Heinz grows sales by 0.7%

The company turned over $6.31 billion, compared to $6.27 billion in the same period last year, with net income growing 12% to reach $944 million Kraft Heinz has posted a…
saputo-strikes-a-deal-with-goulburn-worth-1b

October 31, 2017 | Finance

Saputo strikes a deal with Goulburn worth $1B

Murray Goulburn reported a decline in revenues for its 2016/17 fiscal year due to a decline in liquid milk sales. Canadian dairy company Saputo has agreed to strike a deal…
frutarom-to-acquire-ownership-of-enzymotec

October 30, 2017 | Finance

Frutarom to acquire ownership of Enzymotec

The transaction will be done via full merger of Enzymotec into a subsidiary of Frutarom. Frutarom will acquire full ownership of Enzymotec, Israel, at a net investment of approx. $…