The latest news, trends, analysis, interviews and podcasts from the global food and beverage industry
Mergers & Acquisitions
Valio acquires Raisio’s plant protein business in €7m deal
Valio has acquired Raisio’s plant protein business, including the Härkis and Beanit fava bean brands and related fixed assets.
80 Acres Farms secures $115m in capital, acquires Plantae Biosciences
80 Acres Farms has announced the successful raise of $115m in capital, alongside the acquisition of Israeli biotech firm Plantae Biosciences
Ella Mills buys Allplants out of administration, aiming to create ‘natural plant-based powerhouse’
Deliciously Ella founder Ella Mills has bought plant-based ready meal brand Allplants out of administration.
DSM-Firmenich to divest stake in Feed Enzymes Alliance for €1.5bn
DSM-Firmenich has announced the sale of its stake in the Feed Enzymes Alliance to its equal partner Novonesis for €1.5 billion.
JM Smucker divests value brands in strategic shift
JM Smucker has announced a definitive agreement to divest Cloverhill and Big Texas, along with select private label products, to JMT Foods.
Unilever to close ice cream production facility in Bulgaria as part of restructuring efforts
Unilever has announced the closure of its ice cream production facility in Veliko Tarnovo, Bulgaria, as part of its restructuring efforts.
Molson Coors announces partnership with Fever-Tree in US
As part of the partnership, Molson Coors has agreed to acquire an 8.5% stake in Fever-Tree for $88.3 million.
General Mills completes sale of Canadian yogurt business
General Mills has sold its Canadian yogurt operations to French dairy cooperative Sodiaal, marking a shift in its North American portfolio.
JBS acquires 50% of Mantiqueira, marking entry into the egg category
JBS has acquired 50% of the control of South American egg producer, Mantiqueira Brasil, marking its entry into a new protein segment.
Diageo sells majority stake in Guinness Ghana Breweries to Castel Group
Drinks giant Diageo has confirmed the sale of its 80.4% shareholding in Guinness Ghana Breweries to Castel Group for $81 million.
Ferrero Group expands portfolio with acquisition of Power Crunch
Ferrero Group has acquired protein snack company Power Crunch from Bio-Nutritional Research Group.
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