The latest news, trends, analysis, interviews and podcasts from the global food and beverage industry
Mergers & Acquisitions
Almarai to acquire Jordan’s Hammoudeh Food Industries in SAR 263m deal
Almarai has signed an agreement to acquire 100% of Hammoudeh Food Industries through its subsidiary for SAR 263m (approx $70m).
Prairie Farms Dairy acquires Ohio-based dairy firm SmithFoods
Illinois, US-based dairy company Prairie Farms Dairy has acquired SmithFoods for an undisclosed sum.
Butterfly Equity to acquire The Duckhorn Portfolio for $1.95bn
Butterfly Equity has announced a definitive agreement to acquire The Duckhorn Portfolio, a luxury wine producer., in a $1.95 billion deal.
Lesaffre secures majority stake in Biorigin to strengthen its savoury ingredient solutions
French yeast manufacturer Lesaffre has acquired a majority stake in Biorigin, a business unit of Zulior.
Mérieux NutriSciences to acquire Bureau Veritas’ food testing business
Mérieux NutriSciences has entered into an agreement to acquire the food testing business of Bureau Veritas for €360 million.
Badia Spices to offload majority stake to investors
Hispanic food company Badia Spices has agreed to sell a majority stake to a group of investors.
Diageo reported to have called off Pimm’s sale
Diageo has reportedly called off the sale of its Pimm’s brand after failing to agree on a deal with potential buyers, according to Sky News.
Moët Hennessy buys minority stake in alcohol-free wine producer French Bloom
Moët Hennessy has acquired a minority stake in French Bloom, a producer of alcohol-free sparkling wines.
PepsiCo to acquire Siete Foods for $1.2bn, expanding better-for-you portfolio
PepsiCo has announced its plans to acquire Siete Foods, a Texas-based maker of Mexican-American food products, for $1.2 billion.
Fonterra revises strategy to enhance high-performance segments
Fonterra has unveiled a revised strategic framework aimed at bolstering its focus on high-performing ingredients and foodservice segments.
DSM-Firmenich completes sale of MEG-3 Fish Oil business to KD Pharma
DSM-Firmenich has finalised the sale of its MEG-3 fish oil business to KD Pharma Group.
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