The latest news, trends, analysis, interviews and podcasts from the global food and beverage industry
Mergers & Acquisitions
Marico to acquire 60% of Cosmix Wellness for $41m
Marico has signed definitive agreements to acquire a 60% stake in Cosmix Wellness Private, the owner of digital-first functional wellness brand Cosmix, at an equity valuation of approximately ₹375 crore (approx. $41.5 million).
Carlsberg to exit Tibet joint venture, selling stake in Lhasa Brewery
Carlsberg has agreed to sell its 50% non-controlling stake in Lhasa Brewery to its local joint venture partner, Tibet Development.
Marzetti to acquire Bachan’s Japanese barbecue sauce brand for $400m
The Marzetti Company has agreed to acquire Japanese barbecue sauce brand Bachan’s in a deal valued at $400 million.
AG Barr buys Fentimans and Frobishers for £50m as it doubles down on premium soft drinks
British soft drinks maker AG Barr has agreed to acquire premium mixer brand Fentimans and juice producer Frobishers in deals worth more than £50 million.
Tofoo Co acquires German organic seitan specialist Topas
UK organic tofu brand The Tofoo Co Ltd has agreed to acquire Topas, the German-based manufacturer behind the Wheaty brand.
FoodChain ID expands Brazil footprint with Sbcert acquisition
Food safety group FoodChain ID has acquired Brazilian certification body Sbcert, strengthening its position in livestock traceability and compliance.
Heineken completes Fifco deal, tightening grip on Central America’s beverage market
Heineken has completed its acquisition of Costa Rica’s Fifco, strengthening its grip on Central America as brewers seek growth beyond Western markets.
Violet Foods buys Muir Glen brand from General Mills to expand organic tomato portfolio
Violet Foods, a US manufacturer of pizza and pasta sauces, has acquired the Muir Glen brand of organic tomato products from General Mills.
Euricom to acquire Ebly, securing EU’s largest ready-to-heat rice facility
Euricom to acquire 100% of Ebly, including the brand and Châteaudun EU rice facility, from Mars and Axéréal Participations.
Cawston Press moves into no-alcohol beer with acquisition of Loah
British soft drinks maker Cawston Press has entered the fast-growing no- and low-alcohol drinks market with the acquisition of Loah.
Smithfield to buy Nathan’s Famous for $450m, securing control of key hot dog brand
Smithfield Foods will acquire US-based hot dog maker Nathan’s Famous in an all-cash deal valued at approximately $450 million.
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