Nestlé to increase sustainability payments to Fonterra farmers
Fonterra and Nestlé have entered into a partnership to drive sustainability goals and reduce on-farm emissions in the global dairy industry. This “deal agreed by...
Category : Finance
Palmex and Benestar Brands join forces in merger
Highlander Partners, a US-based private-investment firm, has announced the merger of its Benestar Brands with Mexico snacks peer Palmex, a manufacturer owned by Wind Point...
Newlat and Epiris are the last two contenders competing for the Princes.
Through the past year, there has been prominent speculation over potential suitors interested in acquiring Princes, the UK food and drinks group owned by Japanese...
Lactalis Plans to Invest €160m in Italy by 2025 in Strategic Move
Lactalis is set to invest a total of €160m ($172m) in its Italian operations in the two years until the end of 2024. This move...
Investor-Backed Rise Baking Acquires Two Pie-Making Plants
Rise Baking, a US-based company in the food and beverage industry, has acquired two pie-making facilities from Wonder Brands, a Canada-based bakery, for an undisclosed...
Vivartia’s Barba Stathis acquires majority stake in Halvatzis Makedoniki from local competitor
Barba Stathis, a Greece-based agri-food company and subsidiary of food giant Vivartia, has recently acquired an 80% stake in local peer Halvatzis Makedoniki, specializing in...
Meiji of Japan to construct new ¥48 billion dairy facility
Japanese food group Meiji Co. has revealed plans to invest Y48bn ($331m) in a new domestic dairy production facility in Nakashibetsu, Hokkaido. This move will...
Deeside Cereals acquired by Weetabix in UK breakfast-cereal merger
Post Holdings’ Weetabix has acquired Deeside Cereals, another UK-based breakfast-cereal business, from Wholebake in an effort to expand its capabilities and manufacturing capacity. The deal...
Altho Brets, a French potato chip company, plans to invest in a new manufacturing facility
Altho Brets, a France-based potato crisp maker, is confirming its plans to open a new production site by the end of 2025. The company is...
Nestlé to Use “Lower-Emission Fuels” for 50% of Shipping Operations
Nestlé is planning to use more sustainable shipping options, with the intention to adopt “lower carbon alternatives” for half of its “global shipping needs.” We...