acquisition
Hershey confirms acquisition of One Brands protein bar snacks business
US-based confectionery business Hershey has expanded its snack portfolio of businesses with a $397 million agreement to acquire One Brands, a manufacturer of low-sugar, high-protein nutrition bars.
Multivac packaging to complete takeover of Fritsch bakery group
The global Multivac packaging group is set to complete the acquisition of the German-based Fritsch bakery business.
Bosch confirms sale of its packaging division to CVC Capital Partners
Proposals from Bosch planning to sell its Waiblingen-based packaging machinery business in Germany to a newly incorporated company managed by CVC Capital Partners (CVC) are being progressed this autumn.
Mondelēz International acquires Perfect Snacks nutrition bars
The Mondelēz International group has confirmed an agreement to acquire a majority interest in the US-based Perfect Snacks nutrition bar range.
Business news, Cocoa & chocolate, Ingredients, New products, Sustainability
Orkla’s ingredients group expands with Swedish acquisition
Scandinavian business Orkla Food Ingredients has acquired Swedish sales and distribution company, Risberg Import, which specialises in product ranges including flavourings and spices.
Olam International sets $361 million deal for Nigeria’s Dangote Flour Mills
Global food and agri-business Olam International is set to acquire complete ownership of Dangote Flour Mills (DFM), a flour and pasta manufacturer in Nigeria, for US$ 361 million, amid growing demand for bakery and snack foods in the country.
Business news, Ingredients, New products, Processing, Sustainability
Ferrero confirms $1.3 billion deal for Kellog Company’s cookie and snacks business
The Italian-headquartered Ferrero Group has agreed to acquire the cookie, fruit and fruit-flavoured snack, ice cream cone and pie crust businesses of the Kellogg Company for $1.3 billion (€1.16 billion).
Orkla moves to buy Swedish bakery ingredients business
Orkla Food Ingredients has moved to purchase Zeelandia Sweden AB, a supplier of margarine, vegetable oils and bakery ingredients to the Swedish market.
Orkla makes move for Greek confectionery ingredients business
The Scandinavian-based Orkla group has agreed to purchase a majority stake of shares in Greek confectionery, bakery and ice-cream business Stelios Kanakis Industrial and Commercial.
ADM acquires European citrus flavour group Ziegler
Ingredients group Archer Daniels Midland Company (ADM) has agreed to acquire the Ziegler Group, a leading European provider of natural citrus flavour ingredients, which have a range of confectionery applications.
Cargill acquires Smet, boosting gourmet chocolate offering
Cargill’s cocoa and chocolate business has announced it intends to acquire Smet, a Belgium-based supplier of chocolate and sweets decorations to the food service and confectionery markets.
Olam International agrees $90 million deal for Indonesia’s BT Cocoa
Olam International has signed a $90 million deal to acquire Indonesia’s Bumitangerang Mesindotama (BT Cocoa), the country’s largest business in the sector, building on major growth within the Asian market.
Rise in food and drink business acquisitions
2018 was another record year for food and drink industry transactions, with 777 registered in the bevblog.net mergers and acquisitions database, an average of 15 each week
Calbee UK to acquire Seabrook Crisps
Calbee (UK) Ltd and the shareholders of Seabrook Crisps Ltd have reached agreement for Calbee UK to acquire Seabrook for an undisclosed sum.