The latest news, trends, analysis, interviews and podcasts from the global food and beverage industry
Mergers & Acquisitions
Newlat agrees to acquire Diageo’s production facility in Italy
Newlat Food has signed an exclusivity agreement to acquire Diageo’s production facility in Santa Vittoria d'Alba, northern Italy.
Darling Ingredients and Tessenderlo Group to launch joint venture in collagen sector
Darling Ingredients, a developer and producer of sustainable natural ingredients derived from both edible and inedible bio-nutrients, has entered into a joint venture with Tessenderlo Group to establish a new company, called Nextida.
Danone to buy majority stake in plant-based nutrition brand Kate Farms
Danone has entered into a definitive agreement to acquire a majority stake in Kate Farms, a US plant-based and organic nutrition brand, for an undisclosed sum.
JDE Peet’s sells Turkish tea unit, halts L’or barista rollout in US
JDE Peet’s has sold its tea business in Turkey to Efor Holding for an undisclosed sum. The business generated approximately €60 million...
ABF confirms merger talks between Allied Bakeries and Hovis owner, Endless
Associated British Foods (ABF) has confirmed it is in discussions with private equity firm Endless LLP regarding a potential merger that could bring Kingsmill and Hovis, under the same ownership.
DoorDash agrees to acquire Deliveroo in £2.9bn deal
Restaurant-to-door delivery company Deliveroo has agreed a £2.9 billion takeover by US rival DoorDash.
Lactalis acquires Queijos Tavares to expand cheese production in Portugal
Lactalis has agreed to acquire Portuguese cheese manufacturer Queijos Tavares from Crest Capital Partners.
Apex acquires majority stake in Juanita’s Foods
Private equity firm Apex Capital has acquired a majority stake in Juanita’s Foods, a producer of authentic Mexican food products in the US.
IPL and Schoeller Allibert merge to create $1.4bn reusable packaging powerhouse
IPL and Schoeller Allibert have announced a landmark merger to form a global leader in reusable plastic packaging, with combined pro forma annual revenue of more than $1.4 billion in 2024.
Actus Nutrition acquires Foremost Farms’ whey protein facility
Butterfly Equity’s Actus Nutrition, a vertically-integrated nutritional ingredients manufacturer, has finalised an agreement to purchase a 99,000-square-foot processing facility from Foremost Farms USA.
Pernod Ricard divests wine brands to AWL, creates Vinarchy
Pernod Ricard has finalised the sale of its strategic international wine portfolio to Australian Wine Holdco Limited (AWL), the parent company of Accolade Wines.
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