PepsiCo Secures $1.2 Billion Agreement to Acquire Siete Foods
PepsiCo has officially announced its acquisition of Siete Foods, a Mexican-American snacks company, for $1.2 billion. This strategic move aligns with current trends in the...
Category : Finance
Kellanova to Enhance Cereal Production at Welsh Facility
Kellanova, the manufacturer behind Kellogg’s cereals, has announced a substantial investment of £75 million ($98 million) to enhance cereal production at its facility in Wrexham,...
Atalanta Secures Acquisition of Big Picture Foods
US-based Atalanta Corp. has acquired Big Picture Foods, a business specializing in clean ingredients. Financial details of the acquisition remain undisclosed. This strategic move by...
Italian Watchdog Investigates Snack Companies for Suspected Price-Fixing Cartel
The Italian competition authority has initiated an investigation into local crisp manufacturers Amica Chips and Pata, following allegations of price coordination between the two companies....
CapVest-Backed Natra Acquires Chocolate Company Gudrun
Natra, the private-label chocolate producer backed by private equity, has successfully acquired fellow confectioner Gudrun. The acquisition, announced by Natra’s private-equity owner CapVest, was finalized...
Lamb Weston to Close U.S. Facility and Lay Off Workers Amid Restructuring Efforts
Lamb Weston Holdings has recently revised its profit forecasts following a restructuring initiative that entails the permanent closing of a US processing plant and subsequent...
Germany’s 3Bears Aims for Expansion Fueled by Harry Kane Association
3Bears, a Germany-based producer of porridge and breakfast bars, is poised to accelerate its growth strategy following an endorsement from renowned footballer Harry Kane. The...
Danone India’s Investment Strategies Indicate a Comeback in Dairy Products
French dairy giant Danone has signaled its intention to re-enter the Indian dairy market. Following previous retreat from dairy sales in the country in 2018,...
Europastry Revives IPO Plans to Secure €555 Million
Europastry has revived its initial public offering (IPO) plans as the Spain-based frozen bakery company aims to raise up to €555 million ($618.3 million). The...
Marfrig-Minerva Asset Sale Approved, But Factory Must Be Included in the Deal
Brazilian meat giant Marfrig has received full approval from the country’s competition authority for the sale of its processing assets to local competitor, Minerva. However,...