Category : Finance

Fragata Brand Owner Ángel Camacho Acquires Maçarico Olives Brand

FAB Team8 October 20248 October 2024

by FAB Team8 October 20248 October 2024188

Spain’s Ángel Camacho, the proprietor of the Fragata table olive brand, has officially acquired the Portuguese company Maçarico. This strategic move represents an important expansion...

Original Juice Company, SPC to Merge with Nature One Dairy

FAB Team8 October 20248 October 2024

by FAB Team8 October 20248 October 2024141

Australia’s The Original Juice Company (OJC), SPC Global, and powdered milk enterprise Nature One Dairy are poised to merge, forming a new powerhouse in the...

Leadership Transition at Thomas Foods International in Australia

FAB Team8 October 20248 October 2024

by FAB Team8 October 20248 October 2024129

Thomas Foods International (TFI) has made significant changes in its executive leadership, with managing director Darren Thomas assuming the role of CEO. This transition reflects...

PepsiCo Secures $1.2 Billion Agreement to Acquire Siete Foods

FAB Team8 October 20248 October 2024

by FAB Team8 October 20248 October 202459

PepsiCo has officially announced its acquisition of Siete Foods, a Mexican-American snacks company, for $1.2 billion. This strategic move aligns with current trends in the...

Kellanova to Enhance Cereal Production at Welsh Facility

FAB Team7 October 20247 October 2024

by FAB Team7 October 20247 October 2024397

Kellanova, the manufacturer behind Kellogg’s cereals, has announced a substantial investment of £75 million ($98 million) to enhance cereal production at its facility in Wrexham,...

Euricom Establishes Rice Venture in Pakistan

FAB Team7 October 20247 October 2024

by FAB Team7 October 20247 October 2024129

Euricom, an Italian rice supplier, has established a new joint venture in Pakistan aimed at expanding its basmati rice operations. The collaboration, named Fatima Euricom,...

Atalanta Secures Acquisition of Big Picture Foods

FAB Team7 October 20247 October 2024

by FAB Team7 October 20247 October 2024156

US-based Atalanta Corp. has acquired Big Picture Foods, a business specializing in clean ingredients. Financial details of the acquisition remain undisclosed. This strategic move by...

Italian Watchdog Investigates Snack Companies for Suspected Price-Fixing Cartel

FAB Team7 October 20247 October 2024

by FAB Team7 October 20247 October 2024119

The Italian competition authority has initiated an investigation into local crisp manufacturers Amica Chips and Pata, following allegations of price coordination between the two companies....

CapVest-Backed Natra Acquires Chocolate Company Gudrun

FAB Team7 October 20247 October 2024

by FAB Team7 October 20247 October 202488

Natra, the private-label chocolate producer backed by private equity, has successfully acquired fellow confectioner Gudrun. The acquisition, announced by Natra’s private-equity owner CapVest, was finalized...

Lamb Weston to Close U.S. Facility and Lay Off Workers Amid Restructuring Efforts

FAB Team4 October 20244 October 2024

by FAB Team4 October 20244 October 2024734

Lamb Weston Holdings has recently revised its profit forecasts following a restructuring initiative that entails the permanent closing of a US processing plant and subsequent...