M&A

GettyImages/JeanUrsula

Danone commits to costly exit from Russia

By Teodora Lyubomirova

The transaction could lead to a write-off of up to €1bn but the multi-national says this is ‘the best option’ to ensure long-term business continuity.

Kerry has acquired c-LEcta and Enmex. Pic: Getty Images/Zhanna Hapanovich

Kerry makes two biotechnology acquisitions

By Jim Cornall

Kerry has announced it has made two biotechnology acquisitions it said will expand its expertise, technology portfolio and manufacturing capabilities.

GFI is a plant-based food and ingredients company based in Toronto, Canada. Pic: Getty Images/pichet_w

GFI acquires plant-based brand YoFiit

By Jim Cornall

Canadian company Global Food and Ingredients Inc. (GFI) has completed the acquisition of Your Fitness Dish Inc., a plant-based milk alternatives and snack food company operating under the brand YoFiit.

The dairy and plant-based sectors both saw major acquisitions in 2021. Pic: Getty Images/SB

Acquisitions top 1,100 in 2021

By Jim Cornall

Zenith Global has published its annual global mergers and acquisitions database, which reveals 2021 was another record year for food and drink industry transactions, with 1,116 registered, an average of 21 each week.

Giraffe Foods is a Canadian-headquartered producer of customized sauces, dips, dressings, syrups and beverage concentrates. Pic: Symrise

Symrise acquires Giraffe Foods

By Jim Cornall

Symrise AG has signed a purchase agreement for the acquisition of Giraffe Foods Inc., a Canadian-headquartered producer of customized sauces, dips, dressings, syrups and beverage concentrates for B2B customers, in the home meal replacement, food service...

Dairy Dialog podcast 157: Bubs, Ornua

Dairy Dialog podcast 157: Bubs, Ornua

By Jim Cornall

This week, we have interviews with Rick Pedersen, president, Ornua Ingredients North America, and Dennis Lin, chairman of Bubs. We also have our weekly look at the global dairy markets with Charlie Hyland at StoneX.

Granarolo said its strategic plan includes other acquisitions with a focus on dairy producers in strategic markets. Pic: Granarolo

Granarolo buys US company Calabro Cheese

By Jim Cornall

Granarolo S.p.A. has announced the acquisition of 100% of Calabro Cheese Corp. a US company based in East Haven, Connecticut, which produces and markets fresh dairy products, in particular ricotta, mozzarella and burrata.

Ornua's facility in Wisconsin. Pic: Ornua

Ornua acquires US cheese company Whitehall Specialties

By Jim Cornall

Irish dairy cooperative, Ornua, has completed the acquisition of US cheese ingredients business, Whitehall Specialties Inc (WSI) for an undisclosed sum from Mason Wells, a private equity firm in Milwaukee, Wisconsin.

Biosearch Life is a biotechnology company focused on providing solutions for the pharmaceutical, nutraceutical and functional food sectors. Pic: Getty Images/pichet_w

Kerry completes Biosearch Life acquisition

By Jim Cornall

Kerry has announced the completion of the acquisition of Biosearch Life, a biotechnology company focused on providing solutions for the pharmaceutical, nutraceutical and functional food sectors.

Pic: Getty Images/SB

Tekni-Plex to acquire Grupo Phoenix

By Jim Cornall

US headquartered Tekni-Plex has signed a definitive purchase agreement to acquire Grupo Phoenix in a deal that will bolster Tekni-Plex’s ability to deliver market-focused, customer-driven packaging solutions, especially in the food and beverage markets.

Ronin said existing management and the acquired companies’ founders will retain a significant stake in the new group. Pic: Getty Images/pichet_w

Ronin Equity Partners acquires three specialty US cheese companies

By Jim Cornall

US based Ronin Equity Partners has acquired three specialty cheese companies: Red Apple Cheese, which produces smoked, flavored, and kosher specialty cheeses; Barron County Cheese, a smoker and co-packer for the specialty cheese industry; and Cheese Brothers,...

Synergy has production, R&D and technical facilities in the US, Ireland, the UK, Italy, Thailand (pictured), Indonesia, and Brazil.  Pic: Synergy Flavors

Synergy Flavors acquires Innova Flavors

By Jim Cornall

Synergy Flavors Inc., a member of the Irish-based Carbery Group, has announced the acquisition of savory flavor and ingredient supplier, Innova Flavors, from Griffith Foods Worldwide.

Haystack, which was founded in 1989, operates its own facility in Longmont, Colorado.  Pic: Getty Images/SB

Stage acquires Haystack Mountain Cheese

By Jim Cornall

Stage, a specialized growth venture fund that invests in technology enabled and consumer products businesses in need of capital and operating expertise, has acquired Haystack Mountain Creamery in Longmont, Colorado.

Pic: Getty Images/AnastasiaNurullina

Ingredion acquires ingredient company KaTech

By Jim Cornall

Ingredion Incorporated, a global provider of ingredient solutions to the food and beverage industry, has acquired KaTech, a privately-held company headquartered in Lübeck, Germany, which provides advanced texture and stabilization solutions to the food...

Miko Pac will become a part of Paccor with the deal expected to be completed in Q2. Pic: Paccor

Paccor acquires Miko Pac

By Jim Cornall

Global packaging company Paccor has signed a purchase agreement for the acquisition of Miko Pac, the packaging division of Miko N.V., Belgium.

Novax AB is the investment company of the Stockholm-based Axel Johnson Group.  Pic: Novax

Novax acquires Ulrick & Short

By Jim Cornall

Swedish investment company Novax has acquired a majority stake in Ulrick & Short, a UK producer of sustainable and healthier 'clean label' food and food ingredients.

Pic: Getty Images/pichet_w

More than 40 dairy company deals in 2020

By Jim Cornall

Nestlé, Constellation Brands, Diageo, Keurig Dr Pepper, New Age Beverages and Pernod Ricard were the most acquisitive companies of 2020, according to the Zenith Global food and drink transactions database, with each responsible for five or more takeovers....

Saputo's takeover of Dairy Crest in the UK was the sector's biggest acquisition in 2019.

Mergers and acquisitions up again in annual Zenith report

By Jim Cornall

Zenith Global has published its database of food and drink company mergers and acquisitions in 2019, and the data show the previous record high of 777 in 2018 was broken again, with 789, an average of 15 each week.

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