Competition watchdog to review ABP’s acquisition of Scotbeef
The UK meat heavyweight, Anglo Beef Processors (ABP), faces a regulatory hurdle as plans to acquire assets from rival Scotbeef have been called in by...
Category : Finance
Alpha Foods deal marks Livekindly Collective’s inaugural acquisition in the US
The Livekindly Collective (LKC), a US plant-based brands consolidator, has completed its first domestic deal by acquiring frozen products business Alpha Foods for an undisclosed...
Mondelez declares end to price arm-wrestle with European grocers
Mondelez International, the largest food company in the world by sales, is expecting a recovery in its European business following difficult pricing negotiations with Continental...
Sammontana, an Italian ice-cream group, secures funding to ramp up production investment
Italy-based ice-cream and frozen goods producer Sammontana has secured a €15m ($16.5m) grant to establish a new production line. The state-backed Italian development bank, Cassa...
Unilever’s H1 performance showcases robust growth with a 10.4% increase in nutrition sales
Unilever has announced its results for the first half of 2023 (H1) and reported that its underlying sales growth has been especially strong. In emerging...
Carrefour asserts that food suppliers are not reducing their prices
Despite pressure from the French government to reduce prices, the country’s largest food manufacturers are not “playing the game,” according to grocery major Carrefour. Carrefour’s...
Shares of Oatly tumble following revised sales forecast
Oatly, a renowned player in the food and beverage industry, has witnessed a significant plunge in its shares following a recent downward revision of its...
Marico of India Acquires Majority Stake in D2C Brand Plix
India-based consumer goods giant Marico is set to strengthen its position in the food and beverage industry through a majority stake acquisition in Satiya Nutraceuticals,...
Avril Acquires Majority Ownership in Hari&Co, a Leading Plant-Based Food Manufacturer
France-based agri-food company Avril Group has acquired a majority stake in local plant-based food manufacturer Hari&Co. This strategic move strengthens Avril’s position in mass consumption...
KTC Acquires Greencore’s Oil Division Trilby
Greencore Group, a convenience food business headquartered in Dublin, has announced the sale of its edible oils unit, Trilby, to UK-based KTC for approximately €9.8m...