The latest news, trends, analysis, interviews and podcasts from the global food and beverage industry
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Mergers & Acquisitions
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...
Brown-Forman rejects Sazerac's $15bn takeover bid – Reuters
Brown-Forman has reportedly rejected a $15 billion takeover offer from privately owned spirits producer Sazerac, despite the proposed bid valuing the Jack Daniel’s maker above its current market price.
TopGum expands US footprint with $35m PL Developments deal
TopGum Industries has completed the acquisition of the US-based gummy manufacturing operations of PL Developments.
Bel snaps up Brainiac owner Ingenuity Foods
Bel is strengthening its position in the better-for-you snacking category through the acquisition of Ingenuity Foods and its Brainiac and Little Brainiac brands.
Colorado Premium acquires Old Hickory Smokehouse to expand smoked protein capabilities
Colorado Premium has acquired Old Hickory Smokehouse, expanding its portfolio of value-added protein products.
Finsbury Food Group buys Flower & White to expand healthier snacking and direct-to-consumer reach
Finsbury Food Group has acquired 100% of Flower & White as part of its push into faster-growing bakery segments.
KKR considering $10bn sale of Flora Food Group, Financial Times reports
According to reporting by the Financial Times, private equity firm KKR is exploring a sale of Flora Food Group, with a potential valuation of up to $10 billion.
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