The latest news, trends, analysis, interviews and podcasts from the global food and beverage industry
Mergers & Acquisitions
Saputo to offload 80% of its Argentina dairy arm in $855m deal
Saputo will sell an 80% stake in its Argentina dairy business to Peru's Gloria Foods in a deal valuing the unit at about $855 million.
Coca-Cola to retain full ownership of Costa Coffee
Coca-Cola has confirmed it will retain full ownership of Costa Coffee, following months of speculation over a potential divestment of the UK-based café chain.
Refresco to acquire SunOpta in $6.50 per share deal
Refresco, the global independent beverage solutions provider, has entered into a definitive agreement to acquire SunOpta in an all-cash transaction valued at $6.50 per share.
Kingswood Capital to acquire Coveris paper packaging unit in carve-out deal
Kingswood Capital to acquire Coveris’ paper packaging unit as the European group focuses on flexible plastics and sustainability-driven assets.
US court clears Fresh Del Monte’s $285m bid for Del Monte Foods assets
Fresh Del Monte Produce has received approval from the US Bankruptcy Court to acquire select assets of California-based Del Monte Foods Corporation.
ETi Gıda acquires Trubar in $173m deal to accelerate global expansion
Trubar has been acquired by Turkish snack giant ETi Gıda in an all-cash transaction valued at $173 million.
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.
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