A trio of acquisitions and divestments in the packaged food industry at the turn of the new year suggest companies are taking a proactive and aggressive approach to rebuilding their businesses by reshaping their portfolios after industry stocks overall...
Plant-based yogurt brand, Lavva, has been acquired by Brooklyn-based venture firm Next in Natural and has appointed a new CEO, Jeff Lichtenstein, to help the brand keep up with consumer demand and produce additional innovation.
Italian dairy group Granarolo has acquired a 51% stake in protein start-up White & Seeds, with the option to take full control of the business ‘in the next few years’.
Nestlé Health Science has agreed to purchase a majority stake in Orgain, a plant-based nutrition company, from its founder Dr Andrew Abraham and Butterfly Equity, who will continue to be minority share owners.
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.
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.
Norwegian food company Orkla Food Ingredients has entered into an agreement to purchase the Swiss company Hans Kaspar to strengthen its position in confectionery and ice cream ingredients.
Nomad Foods Limited has entered into an agreement to acquire Fortenova Group’s Frozen Food Business Group (FFBG) for aggregate consideration of approximately €615m ($722m) on a debt-free, cash free basis.
Asian agri-food company Japfa Ltd has announced an agreement with TPG, a global investment firm, and Northstar Group, a private equity investor in Southeast Asia, to forge a strategic partnership that is expected to strengthen its position as a branded...
ProAmpac, a US-based producer of flexible packaging, has acquired Rosenbloom Groupe Inc., Hymopack Ltd. and Dyne-A-Pak, private businesses in Canada that manufacture packaging products.
Belje plus, part of the Fortenova Group, and Meggle Croatia have signed an agreement on the purchase of the assets of the Meggle dairy in Osijek, Croatia.
HMS, the independently owned parent company of UK food ingredient distributors Kent Foods, BFP, Henley Bridge Ingredients, Garrett Ingredients and Bailey’s of Portsmouth, has acquired Tom Walker & Sons.
Glanbia Nutritionals (GN), a wholly-owned subsidiary of Glanbia plc, has announced the acquisition for C$60m (US$45.3m) of Foodarom, a Canadian-based custom flavor designer and manufacturer servicing the food, beverage and nutritional product industries.
Chr. Hansen Holding A/S has entered into an agreement with the owners of UAS Laboratories LLC to acquire 100% of the Wisconsin based B2B company, which specializes in clinically-documented probiotics.
US ice cream manufacturer Turkey Hill LLC has acquired an ice cream and novelty production facility in Searcy, Arkansas, from Yarnell Ice Cream, LLC, a subsidiary of Schulze & Burch Biscuit Company.
Swiss-based flavors and fragrances company Givaudan has announced that it has entered into an agreement to divest its processed and grated cheese business to St. Paul Group, a cheese specialist in Belgium and the Netherlands.
Synlait Milk Limited says the Overseas Investment Office in New Zealand has granted consent under the Overseas Investment Act 2005 to its purchase of the shares in Dairyworks Limited.
Upfield Group B.V., a global company focused on plant-based butter-alternatives and spreads has announced that one of its group companies, Upfield Europe B.V. has completed its purchase of Arivia S.A., a Greek producer of plant-based cheese-alternatives,...
The Australian government has set out “enforceable conditions” regarding the potential acquisition of infant nutrition firm Bellamy’s Organic by China’s state-backed dairy giant Mengniu – the latest in a long line of Chinese investment into the nation’s...
Wells Enterprises has announced its purchase of light ice cream company Halo Top. Wells already manufactures popular dessert brands like Blue Bunny, Bomb Pop and Chilly Cow.
Orkla Food Ingredients, part of Orkla Group, has entered into an agreement to purchase a majority stake in Greek confectionery, bakery and ice-cream business Stelios Kanakis Industrial and Commercial.
Peak Rock Capital has signed an agreement to acquire the Turkey Hill Dairy business from The Kroger Co., known for ice cream, refrigerated drinks and other dairy products. It marks Peak Rock’s eighth current investment in the food and beverage industry.
Australian-style yogurt brand Noosa is merging into Sovos Brands, a CPG collector with an Italian portfolio and financial backing from Advent International.
Saputo Inc. announced Friday that it will acquire F&A Dairy Products Inc. for $85m, including two manufacturing facilities and approximately 170 employees.
