The latest news, trends, analysis, interviews and podcasts from the global food and beverage industry
Mergers & Acquisitions
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.
Bakkavor sells China operations for £50m
UK fresh food producer, Bakkavor, has agreed to sell its Chinese business to Lihe Xing (Qingdao) Food Technology Company in a £50m deal.
Pluri acquires cultivated cocoa start-up Kokomodo
Pluri has completed the acquisition of a 71% stake in Kokomodo, an agri-food-tech company specialising in the production of cultivated cocoa.
Baldor Specialty Foods acquires Golden Packing
Baldor Specialty Foods has announced that it has acquired meat company Golden Packing to enhance its meat offerings.
Bunge to sell North America corn milling business to Grain Craft
Global agriculture group Bunge has announced that it has entered into definitive agreements to sell its North America dry corn and corn masa milling businesses to Grain Craft.
Bakkavor announces extension of Greencore merger deal deadline
The deadline for Greencore's acquisition of Bakkavor has been extended after an initial agreement in principle for the £1.2 billion deal announced earlier this month.
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