Tanmiah Food Acquires Chicken Plant in Saudi Arabia from Dajin Poultry
Tanmiah Food Company has announced its strategic acquisition of a poultry processing facility in Saudi Arabia for SR143 million ($38.1 million). The purchase aligns with...
Category : Finance
Lifeway Considers Sale Options After Declining Danone’s Proposal
Lifeway Foods has announced that its board is “not opposed” to a potential sale, even after rejecting two acquisition offers from Danone. The French dairy...
Kendal Nutricare Acquires Premier Foods Facility for Infant Formula Production
Kendal Nutricare, a UK-based infant formula manufacturer, has recently acquired a facility from Premier Foods, a leading player in the local food and beverage industry....
Hearthside, a Snack Manufacturer Backed by Private Equity, Enters Chapter 11 Bankruptcy Proceedings
Private-equity-backed snack manufacturer Hearthside Food Solutions has entered bankruptcy proceedings in the United States, grappling with challenges in refinancing its mounting debt. The company, known...
Paine Schwartz Purchases Promix in the Supplements Industry
Paine Schwartz Partners, a private equity firm based in the U.S. that specializes in sustainable foods, has successfully acquired Promix, a prominent player in the...
Orkla Considers IPO Opportunities for Its Indian Business Units
Orkla has announced its intention to pursue a public listing for its Indian operations, which encompass MTR Foods and Eastern Condiments. According to a spokesperson,...
Nestlé to Invest $150 Million in U.S. Frozen Food Facility
Nestlé has announced a significant investment of $150 million aimed at expanding its production facility dedicated to frozen meals located in Cherokee County, South Carolina....
Lakeside Foods to Purchase Smith Frozen Foods
Lakeside Foods, a leading manufacturer in the food and beverage industry, has announced its acquisition of the business assets from Smith Frozen Foods, a notable...
Unilever Confirms Demerger of Ice Cream Units in India and Indonesia
Unilever, a prominent player in the food and beverage industry, has officially announced the spin-off of its ice cream divisions in India and Indonesia as...
Beston Global Collapses After Failing to Secure a Buyer
Australia’s dairy sector faces a significant setback as Beston Global Food Co. announces its wind-down due to unsuccessful efforts to secure a buyer for the...