The latest news, trends, analysis, interviews and podcasts from the global food and beverage industry
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Mergers & Acquisitions
Campari sells Averna and Zedda Piras to Disaronno owner Illva Saronno for €100m
Campari Group has agreed to sell its Averna and Zedda Piras liqueurs to Italian spirits group Illva Saronno, owner of the Disaronno brand.
Coca-Cola’s proposed Costa Coffee sale faces uncertainty as talks with TDR Capital falter – FT
Coca-Cola’s plans to sell Costa Coffee are at risk of being abandoned, according to the Financial Times, as negotiations with private equity firm TDR Capital encounter difficulties over valuation.
Valsoia enters European kefir market with majority stake in Slovenia’s Kele & Kele
Italian plant-based food specialist Valsoia is expanding its fermented food footprint and entering the dairy category with the acquisition of a majority stake in Slovenian kefir producer Kele & Kele.
Unifrutti expands grape portfolio with acquisition of Peru’s Safco Operations
Unifrutti Group has further strengthened its global table grape platform by acquiring 100% of Safco – which includes Global Agro Peru and Safco Peru – from Rio King and other minority shareholders.
Mars completes acquisition of Kellanova
Mars has finalised its acquisition of Kellanova, consolidating two iconic businesses and positioning Mars Snacking as a formidable force in the market.
Darling Ingredients and Tessenderlo Group sign merger agreement
Darling Ingredients has announced a definitive agreement with Tessenderlo Group to merge their collagen and gelatin ingredient segments into a new, jointly-owned company.
CMA flags competition concerns in Vandemoortele-Délifrance merger
This merger, formalised under a Share Purchase Agreement signed in June 2025, is now under scrutiny as the CMA prepares for a possible Phase 2 investigation.
Fortifi finalises acquisition of Provisur Technologies
Fortifi Food Processing Solutions has completed its acquisition of Provisur Technologies, a major provider of further-processing equipment for the global protein sector.
Anheuser-Busch expands beyond beer portfolio with acquisition of BeatBox
The acquisition, valued at up to approximately $490 million for an 85% stake, positions BeatBox as a significant addition to Anheuser-Busch’s beyond beer offerings
PepsiCo strikes deal with Elliott Management to enhance operations and avoid proxy battle
PepsiCo has reached a strategic agreement with activist investment Elliott Management, aimed at improving operational efficiencies and avoiding a potentially costly proxy fight.
Mars’ $36bn acquisition of Kellanova cleared by European Commission
The European Commission has approved the $36bn merger of food giants Mars and Kellanova, clearing the way for the transaction to complete this week.
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