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The latest news, trends, analysis, interviews and podcasts from the global food and beverage industry

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Mergers & Acquisitions
Prosus to acquire Just Eat in €4.1bn deal

Prosus to acquire Just Eat in €4.1bn deal

Prosus, a global investment group, has reached a conditional agreement to acquire Just Eat Takeaway in an all-cash deal valued at €4.1bn.

Business
Celsius Holdings to acquire Alani Nu in $1.8bn deal

Celsius Holdings to acquire Alani Nu in $1.8bn deal

Celsius Holdings has announced its decision to acquire Alani Nutrition for a consideration of $1.8 billion, including $150m in tax assets.

Mergers & Acquisitions
Fonterra designates consumer dairy business as Mainland Group in anticipation of IPO

Fonterra designates consumer dairy business as Mainland Group in anticipation of IPO

Fonterra Cooperative Group has announced new developments regarding its global consumer business divestment.

Dairy
Vandemoortele acquires Italian frozen bakery specialist Lizzi

Vandemoortele acquires Italian frozen bakery specialist Lizzi

Vandemoortele has acquired Lizzi, a speciality producer and distributor of frozen bakery products, from Forno d’Asolo.

Mergers & Acquisitions
Valio acquires Raisio’s plant protein business in €7m deal

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.

Plant-based
80 Acres Farms secures $115m in capital, acquires Plantae Biosciences

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

Agriculture
Ella Mills buys Allplants out of administration, aiming to create ‘natural plant-based powerhouse’

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.

Mergers & Acquisitions
DSM-Firmenich to divest stake in Feed Enzymes Alliance for €1.5bn

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.

Mergers & Acquisitions
JM Smucker divests value brands in strategic shift

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.

Mergers & Acquisitions
Unilever to close ice cream production facility in Bulgaria as part of restructuring efforts

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.

Dairy
Molson Coors announces partnership with Fever-Tree in US

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.

Partnership
General Mills completes sale of Canadian yogurt business

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.

Mergers & Acquisitions
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