Friday, April 30, 2021

Nestle acquires brands from The Bountiful Company

Nestlé is to acquire assets of The Bountiful Company in the US after revealing this week it was in talks with the owners over parts or all of the business.

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Nueva Pescanova expands in Peru with new seafood factory

Spanish seafood processor Nueva Pescanova is expanding in South America through a local subsidiary created in 1995.

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Orkla solidifies plant-based ambitions with new alt-protein business

Norway-based food group Orkla has further signalled its ambitions in the plant-based food area through an organisational shift.

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Tribe 9 Foods buys Carla's Pasta out of bankruptcy

Tribe 9 Foods, a US company with pasta brands under its wing, has rescued a local peer from bankruptcy.

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Nestle concludes asset deal with The Bountiful Company

Nestlé is to acquire assets of The Bountiful Company in the US after revealing this week it was in talks with the owners over parts or all of the business.

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US-based Tribe 9 Foods buys Carla's Pasta out of bankruptcy

Tribe 9 Foods, a US company which owns pasta brands, has acquired a local peer which had declared itself bankrupt.

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Thursday, April 29, 2021

Sweden's Midsona in acquisition discussions, says CEO

Peter Åsberg, the CEO of Sweden-based food group Midsona, has outlined the company's strategy in regard to acquisitions.

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Nomad Foods launches vegan fish fingers

The European frozen-food group behind brands including Birds Eye and Iglo is launching a product first for the business in the vegan category.

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Hershey sweetens 2021 sales, earnings forecasts

The Reese's maker, which said it's had an "outstanding start" to 2021, has upped its forecasts for annual sales and earnings per share.

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Unilever experiencing worst inflation in almost ten years

Unilever is the latest global consumer packaged goods firm to reveal pricing actions to offset the rising cost of commodities.

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South Africa's Astral Foods issues update to profit warning

Astral Foods, the South Africa-based poultry processor, has advised the market on the outlook for its half-year profits.

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Grupo Bimbo invests in new QSR supply facility in US

Mexican bakery giant Grupo Bimbo is to spend US$25m on re-purposing a facility for its QSR division in an international market.

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Olam International snaps up US spices firm Olde Thompson

Olam International, the Singapore-based agri-food business, has acquired a US-based spices and seasonings business from its private-equity owner.

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Mondelez linked with swoop for Greek snacks firm Chipita

Reports in the Greek media have linked US confectionery giant Mondelez International with a deal to buy an Athens-based snacks business.

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Del Monte Pacific's Philippines unit revisits IPO

The Philippines unit of fruit products manufacturer Del Monte Pacific is revisiting an IPO postponed in 2018 due to a decline in the local stock market.

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Wednesday, April 28, 2021

Nestle to cut UK confectionery jobs amid factory closure proposal

Nestlé has revealed plans to cut hundreds of confectionery jobs in the UK amid a proposal to close a manufacturing site.

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Three plant-based firms set for sale to Canadian investor Rockshield

The publicly-listed, Canada-based investor has signed a binding letter of intent to buy three plant-based companies spanning ingredients to CPG products.

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Agri-food tech investment soars with notable emergence of SPACs - study

A new report from Finistere Ventures has revealed the amount of investment which went into agri-food tech companies last year.

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Three plant-based firms set for sale to Canadian investor Rockfield

The publicly-listed, Canada-based investor has signed a binding letter of intent to buy three plant-based companies spanning ingredients to CPG products.

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Dairy body CNAOL calls for Nutri-Score exemption for French GI dairy products

CNAOL, the body representing the French dairy industry, has issued a statement on the use of Nutri-Score labels on geographical indication (GI) dairy products.

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Italy's Bauli to re-purpose plant for gluten-free arm Alpipan

Italy-based sweet baked goods manufacturer Bauli is to re-purpose a facility for its gluten-free products subsidiary.

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Dessert Holdings to get new private-equity owner

Dessert Holdings in the US is to get a new private-equity backer as the current owner agreed to sell the business after five years. 

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Tuesday, April 27, 2021

New majority owner for Danish meat-to-dairy group Geia

Geia Food, a Denmark-based poultry-to-dairy producer supplying the Nordic markets, is about to get a new majority owner.

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Finnish food group Valio buys restaurant supplier Heinon Tukku

Finland-based food group Valio has acquired a local wholesale business, which supplies restaurants and cafes, for an undisclosed sum.

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Katjes International buys majority stake in Italian chocolate group Dulcioliva

The Germany-based confectioner –  part of the Katjes Group – has acquired a majority stake in a maker of truffles and pralines in Italy.

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Nordic food group Valio buys restaurant supplier Heinon Tukku

Finland-based food group Valio has acquired a local wholesale business, which supplies restaurants and cafes, for an undisclosed sum.

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Post Holdings in snacks tie-up with A-B InBev-backed EverGrain

A newly-formed business unit of breakfast cereals and eggs producer Post Holdings in the US has announced a "joint collaboration" with a barley-based ingredients firm.

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Canada's Les Aliments 2000 bought by Bakery Humanity investment platform

Les Aliments 2000, a Canada-based pizza-products manufacturer, has been acquired by a local specialist investment platform.

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Monday, April 26, 2021

Unilever snaps up US supplements firm Onnit

Anglo-Dutch consumer goods giant Unilever has signed an agreement to acquire a US supplements business for an undisclosed sum.

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CVC makes Dodoni latest Greek dairy deal

CVC Capital Partners is to acquire a majority stake in another Greece-focused dairy business, four months after acquiring Vivartia.

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Tony's Chocolonely expands in Europe through M&A

Netherlands-based ethically-sourced confectionery business Tony's Chocolonely has expanded in Europe through M&A.

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UK exports to EU down again in February - industry body

UK industry body The Food and Drink Federation (FDF) has revealed whether exports to the European Union were down again in February after a marked decline in January.

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Tony's Chocolonely expands through M&A in Netherlands

Netherlands-based ethically-sourced confectionery business Tony's Chocolonely has expanded in Europe through M&A.

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Private-equity-backed Bur Distribution buys French peer Accent Bio

The manufacturer and trader of deli products has snapped up a business in France supplying dried-fruit products.

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Danish Crown cuts jobs as African swine fever hits exports

Danish Crown has announced job cuts in Germany linked to last year's outbreak of African swine fever in the country.

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UK vegetable supplier G's Group appoints Guy Shropshire as CEO

G's Group, the UK salad and vegetable supplier, has revealed the person who will become its next CEO, replacing industry veteran John Shropshire.

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Nestle confirms talks to buy vitamins firm The Bountiful Company

Nestlé has confirmed media reports this morning (26 April) that it is in talks to acquire another business in the human health and wellness sector.

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Label for upcycled foods unveiled in US

The industry body behind the seal says the label is the world's first certification mark for upcycled foods.

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Friday, April 23, 2021

Danone CEO search 'homes in on shortlist'

The dairy and infant-formula giant is reported to be focusing on a shortlist of at least four candidates to succeed Emmanuel Faber as its chief executive.

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Tyson Foods boosts chicken capacity in Arkansas

Tyson Foods is investing in another US production plant as the meat major seeks to boost capacity of cooked chicken products.

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UK bakery business Baker & Baker eyes China

Baker & Baker, a re-branded UK bakery business, is targeting further international expansion with a major Asian market a key area of focus.

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Thursday, April 22, 2021

Nestle flags price hikes as inflation likely to spill over to 2022

Nestle has talked about inflation and the need to increase prices today (22 April) after reporting first-quarter results.

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Associated British Foods buoyed by Australia's post-lockdown consumers

The UK-based manufacturer, a major player in Australia, said has not seen the "consumer recession" in the country it had expected post-lockdown.

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Mars, PepsiCo to work with suppliers on emissions

The two US food giants, alongside spices and sauces major McCormick & Co., are part of a new "coalition" that will aim to "mobilise suppliers on climate action".

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UK's Real Good Food sells snack-bar arm Brighter Foods to THG

UK cake decoration and snacks company Real Good Food (RGF) has sold its snack-bar business Brighter Foods for GBP43m (US$59.6m).

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Avara Foods invests in UK poultry site

UK-based poultry processor Avara Foods has announced investment for one of its manufacturing plants as part of network-wide site improvements.

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Urban Farmer hires Steve Jungmann as CEO of US pizza firm

Investor-backed Urban Farmer, a US plant-based dough-products manufacturer, has instigated a top management reshuffle.

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Avara Foods invests in Hereford poultry site

UK-based poultry processor Avara Foods has announced investment for one of its manufacturing plants as part of network-wide site improvements.

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US baby-food firm Beech-Nut facing legal action over toxic metal claims

US baby-food firm Beech-Nut Nutrition is facing a legal challenge over allegations its products contain dangerous substances.

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Wednesday, April 21, 2021

Australia's Marquis Macadamias to expand production

The Australia-based firm, which says it's the world's largest processor of macadamias, is to increase its production capacity.

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Italian dried-fruit company Manuzzi sells majority stake to local PE firm Hyle

Manuzzi, an Italy-based dried fruit and nuts business, has sold a majority stake in the company to a local private-equity firm.

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Greencore recruits as food-to-go demand recovers

Ireland-based convenience food supplier Greencore has announced it is recruiting at a UK site in response to a return to higher demand for food-to-go products.

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PepsiCo reveals details of regenerative farming plan

US food and beverage giant PepsiCo has revealed an end-of-decade target for the reduction of greenhouse gas emissions amongst its farmer suppliers.

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Brazil's JBS earmarks investment for seven domestic plants

Brazilian meat major JBS has announced it plans to invest in a number of domestic plants over the next three years.

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Tuesday, April 20, 2021

Oatly eyes Hong Kong listing as US IPO nears

Sweden-based dairy-free business Oatly has indicated it may seek a listing in Asia after registering its planned IPO in the US.

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Mexico's Sigma invests in plant-based start-up The Live Green Co.

Mexico-based food group Sigma Alimentos has acquired a minority stake in a Chile-headquartered, plant-based start-up for an undisclosed sum.

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Aviko, Eurofrits launch plant-based venture in Spain

Two European food manufacturers have set up a plant-based venture in Spain to supply products such as nuggets and burgers.

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Vertical farmer Infarm 'exploring public listing via SPAC deal'

Vertical-farming business Infarm in Germany is said to be exploring a potential initial public share offering some eight years after its founding.

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Lancaster Colony-owned T. Marzetti reveals plant expansion plan

US food group Lancaster Colony's T. Marzetti subsidiary has revealed expansion plans to meet "growing product demand".

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Meggle to close Bulgaria dairy plant

German dairy firm Meggle Group is to close a plant in Eastern Europe as part of a regional restructuring exercise, it has announced.

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Monday, April 19, 2021

JBS takeover will allow us to move faster - Vivera CEO

Dutch plant-based protein business Vivera has explained the rationale behind its proposed sale to Brazilian meat giant JBS.

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Dutch Lady Milk Industries plans new dairy facility in Malaysia

Malaysia dairy business Dutch Lady Milk Industries is planning a new production facility in south-east Asia to replace an aged plant.

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Walter & Wild snaps up Emerald Foods Group in all-New Zealand deal

New Zealand's Walter & Wild has acquired a local ice-cream maker for an undisclosed sum, it has announced.

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Brazil's JBS confirms deal for meat-free firm Vivera

Brazil-based meat giant JBS has entered an agreement to acquire a Europe headquartered meat-free company.

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The Fresh Factory buys US bar maker Phyter Food

The Fresh Factory, a plant-based food and drink contract manufacturer in the US, has acquired a local snack bar business.

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Snow Days emerges as new business under HumanCo umbrella

The founder and CEO of HumanCo, a US-based investment firm and holding company, has started a new business making clean-label pizza snacks.

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US pet-food firm Red Collar reveals expansion plans

US-based private-label manufacturer Red Collar Pet Foods is to spend US$5.7m on expanding one of its production facilities.

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JBS said to be vying to acquire plant-based business Vivera

Brazilian meat processor JBS is said to be in advanced talks to acquire a meat-free business in Europe.

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China D2C dairy business Adopt A Cow gets KKR backing

The buy-out house said the Chinese firm had a "disruptive strategy to change the way dairy is produced, marketed and sold to customers".

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US firm McLovin's Pet Food gets new owner

The California-based pet-food supplier has agreed to a takeover bid from a NASDAQ-listed holding company looking to acquire "consumer goods businesses".

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Friday, April 16, 2021

Sweden's Bayn Europe makes clutch of acquisitions

Bayn Group, which has snapped up a number of businesses offering reduced-sugar foods in the last year, has continued its M&A push.

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Chobani to expand production in Australia

US-based Greek yogurt and oat-milk maker Chobani has started work on a project to increase production capacity.

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Nestle joins Magnit-led Russia initiative to promote healthy food

A raft of consumer goods companies have joined an initiative in Russian to promote healthy food and beverages.

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Kerry Group's asset-sale talks with Kerry Co-Operative Creameries suspended

Kerry Group, the Ireland-based consumer foods and ingredients supplier, said talks with an interested party over the potential sale of some of its dairy assets have been suspended.

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SunOpta buys plant-based brands from Hain Celestial

Dream is one of the early brands in the plant-based dairy market, launched almost 40 years ago and with a presence in the US and Europe.

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Thursday, April 15, 2021

Dairiboard plan to merge with Zimbabwe rival Dendairy still in discussion

A merger between Dairiboard Holdings and Dendairy in Zimbabwe is still under discussion between the two parties.

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US plant-based meat firm Atlast to expand after cash raise

Atlast Food Co., a US plant-based start-up producing whole cut plant-based 'meat', has detailed expansion plans following a funding round.

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Granarolo takes full control of Italian cheese venture Mulino Formaggi

Italian dairy firm Granarolo has announced that it has upped its stake in a local cheese venture to take full ownership of the business.

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Bakkavor creates jobs at UK bagged salads plant

Bakkavor, the London-based private-label supplier to major UK grocers, is hiring workers for a plant in south-east England.

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Spain's Vicky Foods seeks to boost international presence with new plant

Spain-based Vicky Foods is aiming to grow its international business through the construction of a new production facility.

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Canada's Chickapea lures new investment for gluten-free pasta

Chickapea, the gluten-free organic pasta business in Canada, has raised new funding from a group of existing investors.

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Lithuanian dairy firm Vilvi Group buys Latvia's SIA Baltic Dairy Board

Lithuania-based dairy firm Vilvi Group has acquired a 70% stake in a Latvian ingredients business for an undisclosed sum.

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France's Avril to offload assets under new strategic focus

French agri-food group Avril plans to dispose of some of its business units under a new strategic focus for the business.

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LDC to sell poultry assets held by Ronsard to comply with regulator

Poultry processor LDC has agreed to sell assets in order to comply with a takeover ruling, it has been revealed.

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Spain's Vicky Foods seeks to boost overseas presence with new plant

Spain-based pastry and baked goods firm Vicky Foods is aiming to grow its international business through the construction of a new production facility.

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Wednesday, April 14, 2021

C.H.Guenther names John Buckles as new CEO

US bakery group C.H. Guenther has named an experienced food industry executive as its new CEO to replace Dale Tremblay.

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Agropur jobs to go with planned closure of milk plant

Canadian dairy cooperative Agropur has announced plans to close another plant as it continues to optimise its production network.

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UK food exports to EU improve after post-Brexit slump

New data have revealed what happened to UK food exports to the European Union in February following a post-Brexit slowdown in January.

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Acquisitions central to Agthia's new growth strategy

UAE food business Agthia Group has announced details of its plan to become a regional food and drinks "leader" by 2025.

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UK food exports to EU bounce back after post-Brexit slump

New data have revealed what happened to UK food exports to the European Union in February following a post-Brexit slowdown in January.

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UK food exports to EU saw bounceback in Feb after post-Brexit slump

New data has revealed what happened to UK food exports to the European Union in February following a post-Brexit slowdown in January.

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PepsiCo invests in Smith's snacks line at Australia plant

PepsiCo revealed it has invested in one of its snacks plants in Australia to produce better-for-you crisps products.

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Hippeas brings in Paul Nardone as CEO on back of Joe Serventi's departure

Hippeas has hired a new CEO of the US-based better-for-you snacks maker after confirming Joe Serventi's departure.

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Tuesday, April 13, 2021

PeakBridge, EIT Food launches seed fund for agri-food start-ups

Venture-capital business PeakBridge has launched a new investment fund targeted at start-ups in Europe.

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Italy's Granarolo eyes M&A targets at home and abroad

Granarolo, the Italy-based dairy group, has businesses on its radar to potentially acquire at home and overseas after a year when Covid-19 hit sales but profits rose.

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Ebro to invest in Riviana Foods rice production

Ebro Foods is investing in a factory in the US – a market where the Spanish company has been offloading assets – to expand production capacity at the plant.

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Pastas Gallo adds capacity in Spain to accommodate new range

Spanish food company Pastas Gallo has invested in one of its four local plants to accommodate new pasta varieties.

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UK bakers Warburtons, Jacksons ink Co-op bread supply deal

UK bakers Warburtons and Jacksons have signed a deal to supply bread to a major retailer for its own-label range.

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Target zeroes in on food firms with new accelerator

Target, the US retailer, has revealed details of a new scheme aimed at "disruptive" food and beverage manufacturers.

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US honey producer Sweet Harvest Foods taken over by Blue Road Capital

US honey and natural sweeteners producer Sweet Harvest Foods has fallen into the hands of a new private-equity owner.

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Monday, April 12, 2021

Grupo Empresarial Costa buys Spanish meat peer Roler

Grupo Empresarial Costa, the Spanish company behind meat processor Costa Food Group, has snapped up another business in its domestic market.

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Vertical farmer AppHarvest buys robotics start-up Root AI

US vertical-farming business AppHarvest has acquired a start-up that uses robotics to collect harvest data, predict yields and evaluate crop health.

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US cell-seafood start-up Cultured Decadence wins pre-seed funding

Cultured Decadence, a US start-up developing cell-cultured lobster, has won pre-seed funding from an investor group.

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Germany tightens up rules around advertising 'junk food' to children

Germany's government has instigated further changes to rules surrounding the advertising of unhealthy food products to children.

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Alternative seafood start-up Cultured Decadence wins pre-seed funding

Cultured Decadence, a US start-up developing cell-cultured lobster, has won pre-seed funding from an investor group.

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Synlait Milk announces CEO Leon Clement's departure

Synlait Milk, the New Zealand-based dairy and infant-formula producer, has announced the resignation of a senior executive.

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Friday, April 9, 2021

OmniPork owner Green Monday to open plant in China

Green Monday Group, the Hong Kong supplier of plant-based meat, is set to open its second manufacturing plant.

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Conagra Brands anticipates structural shift to eating at home

Conagra Brands chief executive Sean Connolly has outlined his thoughts on how food consumption will pan out post-coronavirus.

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Spain's Chocolates Valor buys Portuguese peer Imperial Produtos Alimentares

The private-equity owners of Portugal-based chocolate maker Imperial Produtos Alimentares have agreed to sell the business to a company in Spain.

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US launches plan to cut "toxic elements" in baby food

The "action plan" unveiled by the US Food and Drug Administration comes amid lawsuits filed against brands and legislative proposals in Congress.

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Allergen-free foods firm Kirsty's sets out plans to triple revenues

Kirsty's, a UK business producing allergen-free chilled ready meals and frozen pizza, has outlined its plans for revenues and new product development.

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Impossible Foods 'readying stock-exchange listing'

The US-based supplier of plant alternatives to meat products is reportedly preparing for a flotation in the next year.

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Faux fish firm Gathered Foods eyes Europe push after new funding

The US-based maker of Good Catch has announced more funding, which included backing from one of the world's largest ag businesses.

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Portugal's Imperial chocolate gets new owners

The private-equity owners of Portugal-based chocolate maker Imperial Produtos Alimentares have agreed to sell the business to a company in Spain.

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Thursday, April 8, 2021

Vibrant Foods extends M&A spree with ethnic-food maker Fudco

Vibrant Foods, an investor-backed Asian-style food business, has struck yet another UK deal in the same category.

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JBS agrees to pay $20m settlement in US price-fixing case

A US court has ruled on a settlement linked to price-fixing allegations against the local arm of Brazilian meat giant JBS.

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Chobani dips toe in direct-to-consumer

The US dairy and dairy-alternatives group has launched a direct-to-consumer service for a particular product line.

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Canada's Ocean Choice reveals European growth plans

Canada-based seafood business Ocean Choice International has revealed it is planning to expand its operations in a key region on the back of increased demand.

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France's Charles & Alice in management buyout as PE firm Equistone exits

Charles & Alice, the France-based fruit- and plant-based desserts business, has revealed a change in its ownership structure.

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Lactalis buys milk assets in Brazil from Cativa

French dairy major Lactalis has acquired milk assets in Latin America and has also signed a supply agreement with the local partner.

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Danone shareholders call on board to outline strategy

A group of shareholders is seeking reassurances from Danone board members at its forthcoming AGM, it has emerged.

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Mission Barns completes funding round to develop cell-cultured fat technology

California-based start-up Mission Barns, which is developing cell-cultured fat technology, has completed a funding round.

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Wednesday, April 7, 2021

"We want to replicate the taste of meat in the healthiest way" - Brazilian plant-based protein firm The New wants to stand apart as market builds

The New is a fledgling plant-based protein business based in beef-loving Brazil. We hear from co-founder Bruno Fonseca about the company's ambitions domestically and overseas.

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Kraft Heinz hires workers to address ketchup shortage

Kraft Heinz has taken on additional workers in its US factories amid increased demand for condiments during the pandemic.

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UAE's Agthia to take controlling stake in Egyptian meat business Atyab

UAE food business Agthia Group has announced it plans to take a majority stake in an Egyptian meat supplier.

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Italian baker Dolciaria Acquaviva buys local firms Unigel, Dolce Milano 

Dolciaria Acquaviva, an Italy-based manufacturer of frozen baked goods, has acquired a local peer, it has announced.

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US dairy giant Dairy Farmers of America reveals accelerator class

Dairy Farmers of America (DFA) has revealed the names of the emerging businesses taking part in its accelerator programme for 2021.

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Nestle's new plant-based facility in Malaysia comes on stream

Nestlé has opened a new manufacturing facility in South-east Asia to supply the regional market with animal-free products.

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Kraft Heinz to 'raise ketchup output as Covid-related demand creates shortage'

Kraft Heinz is reportedly planning to increase ketchup production in the US as restaurants across the country face a shortage in supply.

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Rapid growth revealed for US plant-based food sales - research

Retail sales growth in plant-based foods in the US has been revealed in new research commissioned by industry bodies.

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Tuesday, April 6, 2021

France's Cooperl to acquire former Gad slaughterhouse

France-based pork producer and charcuterie manufacturer Cooperl Arc Atlantique is set to acquire a slaughterhouse in the west of Brittany.

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Germany's Frostkrone Food Group adds Abergavenny Fine Foods to stable

Germany's Frostkrone Food Group has taken on another UK business through M&A, adding to last year's deal for Innovate Foods.

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Vegan honey start-up MeliBio secures pre-seed funding

US start-up MeliBio, a company producing honey without the need for bees, has attracted early-stage investment.

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US firm Carolina Foods lures private-equity investment

Carolina Foods, a baked goods manufacturer in the US state of North Carolina, has attracted private-equity investment.

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Latvia's Dobeles Dzirnavnieks to acquire AB Baltic Mill

Latvian food company Dobeles Dzirnavnieks has struck a deal for a pasta and grains business in Europe.

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US pancake maker De Wafelbakkers snapped up by PE firm Brynwood

US-based pancake, waffle and French toast manufacturer De Wafelbakkers has been acquired by an investment firm for an undisclosed sum.

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Nestle ups investment in pet food in China

The world's largest food maker has increased the amount of capital spending being put towards expanding its pet-food production in China.

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French agri-food co-op Agrial in talks to buy meats maker Salaisons du Maconnais

Agri-food co-op Agrial has said it's in exclusive talks to buy a majority stake in a business making and selling salami in its home market of France.

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Pure Foods Tasmania continues M&A with move for The Cashew Creamery

Pure Foods Tasmania (PFT), which listed on the Australian Securities Exchange last April, has made another acquisition.

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Thursday, April 1, 2021

Meggle to buy German cheese peer Stegmann from Sodiaal

German dairy group Meggle has moved to snap up a business in its home market from French cooperative Sodiaal.

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Canada's GreenSpace Brands appoints Dole's Shawn Warren as CEO

Canadian plant-based food group GreenSpace Brands has announced the name of the person who will take on the CEO and president roles.

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Irish nutrition body questions alt-meat products' protein content

A new report from an Irish nutrition and food safety body has looked at the protein claims linked to some meat-substitute products.

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Irish food companies sign up to low-carbon pledge

A number of Ireland-based food groups have signed up to a new low-carbon pledge backed by more than 60 of the country's largest businesses.

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Campbell sells Plum Organics baby-food brand to Sun-Maid

US food giant Campbell Soup Co. has sold a baby-food brand to a local snacks business for an undisclosed sum.

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Raisio acquires Beanit owner Verso Food

Finnish food group Raisio has made an acquisition in Europe, extending its presence in the plant-based category.

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Canada food retail body issues own call for grocery code of conduct

Canada's largest retail trade body has joined calls for a grocery code of conduct – although its demands have sparked concerns at one le...