Mars collaboration highlighted as a key innovation strategy by NotCo CEO
NotCo founder and CEO Matias Muchnick has announced a strategic partnership between the plant-based company and Mars in an exciting new collaboration. On LinkedIn, Muchnick...
Category : Finance
Majority Share Acquisition: IDAK Food Group Diversifies into Baked Goods through Romer’s Hausbäckerei
Investor-backed IDAK Food Group in Switzerland has acquired majority ownership of frozen baked goods supplier Romer’s Hausbäckerei, as part of the company’s strategy to expand...
Fiera Comox acquire Innoliva
One of Europe’s largest olive oil producers, Innoliva, has been acquired by Fiera Comox, a Canadian private-equity firm, from Cibus Capital, a London-based company specializing...
J.M. Smucker Announces Acquisition of Hostess Brands for $5.6bn
J.M. Smucker, a leading US food manufacturer, has recently announced its acquisition of Hostess Brands for approximately $5.6bn, marking a significant development in the food...
North Country Packaging to be acquired by Heartisan Foods
US-based cheese manufacturer Heartisan Foods is set to acquire local peer North Country Packaging in Barron County, Wisconsin. Heartisan Foods, backed by Ronin Private Equity,...
Kroger and Albertsons Plan Disposals to Secure Merger Approval
In line with food and beverage industry trends, Kroger and Albertsons have announced plans to sell over 400 stores in order to secure regulatory approval...
CJ Group from South Korea Makes Significant Investment in New US Bakery Plant
CJ Foodville, a subsidiary of South Korean conglomerate CJ Group, is making a strategic investment of approximately $47 million to establish a new bakery and...
Italian FMCG companies collaborate to combat rising food prices
FMCG Associations Urge Food Manufacturers to Cut Prices Several FMCG associations in Italy have submitted a letter of intent to the government, urging food manufacturers...
Momofuku Goods secures funding to expand nationwide
Momofuku Goods, a US-based supplier of noodles and sauces, has secured $11.5m in funding to accelerate its nationwide distribution. Leading the funding round is Alliance...
General Mills plans to double production of baking products in India
General Mills, a major player in the food and beverage industry, has announced its plans to construct a new Pillsbury baking mixes plant in India....