The latest news, trends, analysis, interviews and podcasts from the global food and beverage industry
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Mergers & Acquisitions
Lactalis acquires Protein Works to strengthen lifestyle nutrition portfolio
Lactalis has acquired UK direct-to-consumer nutrition brand Protein Works in a move aimed at accelerating the business’s expansion across the UK and international markets.
IFF to sell Food Ingredients business to CVC in $4.3bn portfolio reshaping deal
IFF has agreed to sell its Food Ingredients business to funds advised by private markets firm CVC Capital Partners.
Arla Foods and DMK Group receive regulatory approval for landmark dairy merger
Arla Foods and DMK Group have received all required regulatory approvals for their planned merger.
Plukon Food Group to acquire Spanish poultry firm Avícola Moraleja
Plukon Food Group has agreed to acquire Spanish poultry company Avícola Moraleja (Avimosa), strengthening its presence in the Iberian market and expanding its vertically integrated poultry operations in central Spain.
Heartland expands sweetener portfolio with Whole Earth Brands Americas acquisition
Heartland Food Products Group has entered into a definitive agreement to acquire the Americas business of Whole Earth Brands.
CMA provisionally clears ABF-Hovis merger in Northern Ireland
The UK’s Competition and Markets Authority has provisionally cleared the proposed merger between Associated British Foods’ bakery business and Hovis across the whole of the UK, following additional analysis conducted as part of its Phase 2 investigation.
Arla Foods expands Australian footprint with Brancourts acquisition
Arla Foods is deepening its investment in Australia through the acquisition of family-owned cottage cheese producer Brancourts.
Biospringer by Lesaffre bolsters fermentation portfolio with PTX Food technology acquisition
Biospringer by Lesaffre, a global player in the food fermentation space, has agreed to acquire selected intellectual property and technology of bacteria fermentation specialist PTX Food.
Cal-Maine Foods expands prepared foods portfolio with acquisition of Van’s frozen breakfast brand
Cal-Maine Foods acquires Van’s Foods business of Sara Lee Frozen Bakery.
PE firms eye Magnum Ice Cream Company takeover – Reuters
Private equity firms including Blackstone and Clayton, Dubilier & Rice are exploring potential bids for The Magnum Ice Cream Company, according to a Reuters report citing sources familiar with the matter.
Tate & Lyle weighs £2.74bn cash offer from Ingredion in possible takeover deal
Tate & Lyle has confirmed it is in discussions with US peer Ingredion over a possible cash offer for the UK food ingredients group, following a series of "earlier approaches" from the company.
Müller moves to strengthen plant-based position with planned Berief acquisition
Unternehmensgruppe Theo Müller has announced plans to acquire Berief Food as the company accelerates its expansion in the fast-growing plant-based foods and beverages sector. The proposed deal, which remains subject to approval from competition authorities, is expected to significantly strengthen Müller’s capabilities in plant-based drinks and yogurt alternatives while broadening its private label offering. Based in Beckum, Germany, Berief has operated in the plant-based nutrition category...
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