The latest news, trends, analysis, interviews and podcasts from the global food and beverage industry
Mergers & Acquisitions
Lifeway Foods rejects revised takeover offer from Danone
Lifeway Foods has rejected Danone’s latest offer of $27 per share to buy the remaining 76.7% stake in the business.
PepsiCo to take full ownership of Sabra and Obela for ILS 900m
PepsiCo has agreed to acquire the remaining 50% interest in Sabra Dipping Company and PepsiCo-Strauss Fresh Dips & Spreads International.
Arla Foods Ingredients completes acquisition of Volac’s Whey Nutrition business
Arla Foods Ingredients has completed the acquisition of Volac’s Whey Nutrition business, following approval from the UK’s CMA.
Tate & Lyle completes $1.8bn acquisition of CP Kelco
Tate & Lyle has completed the $1.8 billion acquisition of CP Kelco from JM Huber Corporation.
Fonterra proceeds with divestment of consumer businesses to focus on ingredients
Fonterra will move forward with the sale of its global consumer business, alongside its integrated operations in Oceania and Sri Lanka.
Campbell Soup offloads yogurt brand Noosa to Lakeview Farms
Lakeview Farms has entered into an agreement to acquire the Noosa Yoghurt brand from Campbell Soup Company.
Hershey buys Sour Strips, expands sweets portfolio
The Hershey Company has acquired Sour Strips, a fast-growing sour candy brand founded in the US in 2019.
Wonder acquires Grubhub from Just Eat Takeaway for $650m
Wonder, a US food delivery platform, has announced the acquisition of Grubhub from Just Eat Takeaway for $650 million.
Kerry Group divests dairy operations to focus on taste and nutrition
Kerry Group has entered into an agreement to sell Kerry Dairy Holdings Limited to Kerry Co-Operative Creameries Limited for €500m.
Nissin Foods expands footprint in Australia with new joint venture
Nissin Foods Company has announced a new joint venture with Nissin Asia to establish a new food trading company in Australia
1440 Foods acquires FitCrunch, names new CEO
1440 Foods has boosted its portfolio of sports and active nutrition brands with the acquisition of protein bar brand FitCrunch.
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