The latest news, trends, analysis, interviews and podcasts from the global food and beverage industry
Mergers & Acquisitions
Hormel Foods to divest whole-bird turkey business to Life-Science Innovations
Hormel Foods has entered into a definitive agreement to sell its whole-bird turkey business to Life-Science Innovations.
HUL takes full control of OZiva, sells stake in Nutritionalab
Hindustan Unilever has agreed to acquire the remaining 49% stake in nutrition brand Zywie Ventures (OZiva) while divesting its minority holding in Nutritionalab.
Cerealto to divest pasta unit to Cerealis in shift towards snacks and breakfast
Agri-food company Cerealto has agreed to sell its pasta business and related manufacturing assets in Spain to Portuguese food producer Cerealis.
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.
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