The latest news, trends, analysis, interviews and podcasts from the global food and beverage industry
Mergers & Acquisitions
Ben & Jerry’s founders push for independence as Magnum Ice Cream Company emerges
In an open letter addressed to the Magnum Ice Cream Company board, Cohen and Greenfield expressed deep concerns that the brand’s founding values are being compromised under Unilever’s stewardship.
Natra acquires Bredabest to strengthen position in sweet spreads market
Natra, a producer of private label and co-manufactured chocolate products, has acquired Bredabest, a Dutch supplier of peanut butter and peanut-based ingredients.
Capol acquires Blue Pacific Flavors to enhance global ingredients innovation
Capol, a subsidiary of the Freudenberg Group and a manufacturer of confectionery coatings, has announced its acquisition of Blue Pacific Flavors, a player in natural and organic flavour systems.
Jungbunzlauer expands US manufacturing footprint with acquisition of IFF site
Jungbunzlauer, a producer of sustainable ingredients, has purchased a multipurpose production facility in Thomson, Illinois, from IFF.
Post Holdings sells pasta business to Richardson for $375m
Post Holdings has entered into an agreement to sell the pasta business of its 8th Avenue Food & Provisions subsidiary to food group Richardson.
PepsiCo boosts stake in Celsius with $585m deal
Celsius Holdings has deepened its partnership with PepsiCo in a deal that will see the functional energy drink maker take on a wider portfolio and a more prominent strategic role in the US market.
Case Farms acquires Foster Farms’ Louisiana operations
Case Farms has completed the acquisition of Foster Farms’ Farmerville, Louisiana complex, marking a strategic expansion of its poultry operations.
Investindustrial's triple acquisition strengthens food processing equipment portfolio
Investindustrial has agreed to acquire Kiremko, Idaho Steel Products and Reyco, recognised as key players in the manufacture of customised equipment for the food processing industry.
Coca-Cola mulls Costa Coffee sale amid shift to healthier innovations
The Coca-Cola Company is reportedly exploring the sale of Costa Coffee, the British coffee chain it acquired in 2018 for over $5 billion.
Keurig Dr Pepper to acquire JDE Peet’s for €15.7bn, plans spin-off into two public companies
Keurig Dr Pepper (KDP) has entered an agreement to acquire JDE Peet’s in an all-cash transaction valued at approximately €15.7 billion.
McCormick to take majority stake in McCormick de Mexico with $750m deal
McCormick & Company has agreed to acquire an additional 25% stake in McCormick de Mexico from long-time joint venture partner Grupo Herdez for $750 million, giving the US flavour manufacturer a controlling 75% interest in the business.
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