Comvita Attracts International Interest for Capital Raising Initiative
Comvita has sparked overseas interest as it progresses with a capital raise under its broader recapitalization program, particularly relevant to current trends in the food...
Category : Finance
Orkla Acquires Austrian Manufacturer of Margarines and Sauces, Senna
Orkla’s ingredients business unit has finalized an agreement to acquire Senna, an Austrian manufacturer of margarine, sauces, and dressings, from Vivatis Holding. The financial details...
Nestlé Divests Last of Its Ice Cream Assets
Nestlé is divesting its remaining ice cream operations that are not part of its Froneri joint venture with PAI Partners, marking a significant shift in...
Brownes Dairy Launches Full+ Meal Replacement Line
Brownes Dairy has made a significant move into the meal replacement sector with the launch of its new brand, Full+. In a statement released on...
Hormel Foods Divests Whole Turkey Division
Hormel Foods has announced a strategic move to sell its whole-bird turkey business to Life-Science Innovations (LSI) as part of its efforts to refine its...
General Mills Dashes Growth Expectations
General Mills Faces Organic Sales Challenges Amid Consumer Sentiment Shifts General Mills has eliminated the possibility of organic sales growth for this year, as recovery...
MidEuropa Partners Acquires Stake in Oshee
Private-equity firm MidEuropa Partners has recently acquired a “significant minority stake” in Oshee, a notable player in the European protein bars and functional beverages sector....
Smithfield Foods to Construct New Facility in South Dakota
Smithfield Foods has unveiled plans to replace its century-old facility in South Dakota with a modern packaged meats and fresh pork processing plant in Sioux...
Cerealto Sells Pasta Division to Cerealis
Cerealto, a prominent player in the Spanish private-label sector, has reached an agreement to divest its pasta business to the Portuguese agri-food company, Cerealis. This...
Aviko Acquires Majority Stake in Spanish Competitor Eurofrits
Dutch potato-products supplier Aviko has expanded its presence in the food and beverage industry by acquiring full control of the Spanish frozen-food manufacturer Eurofrits. Previously...