The latest news, trends, analysis, interviews and podcasts from the global food and beverage industry
Mergers & Acquisitions
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.
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.
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.
Vandemoortele acquires Italian frozen bakery specialist Lizzi
Vandemoortele has acquired Lizzi, a speciality producer and distributor of frozen bakery products, from Forno d’Asolo.
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.
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