Prima Bakeries Takes Over UK Biscuit Manufacturer Furniss of Cornwall
Prima Bakeries Group, a prominent player in the food and beverage industry, has recently acquired the UK-based biscuit manufacturer Furniss of Cornwall. This merger, finalized...
Category : Finance
Nestlé Secures Contract for Its Inaugural Plant in Saudi Arabia
Nestlé is set to establish its first food manufacturing facility in Saudi Arabia, having recently signed a contract to commit to the project. According to...
Vion Appoints Tjarda Klimp as New CEO, Promotes from CFO Position
Netherlands-based Vion Food Group has appointed CFO Tjarda Klimp as the new CEO, succeeding Ronald Lotgerink, who will step down at the end of 2024....
Cerealis Acquires Complete Control of Europasta
Portuguese agri-food firm Cerealis has successfully acquired Europasta for an undisclosed amount, further solidifying its position in the food and beverage industry. Previously, Cerealis held...
Saputo’s New CEO Carl Colizza Implements Executive Leadership Restructuring
Newly appointed Saputo CEO Carl Colizza has initiated restructuring within his executive team, notably including the introduction of a new Chief Operating Officer (COO) and...
US Investment Firm Acquires Europe Snacks
US investment firm One Rock Capital Partners has announced a significant deal on September 11, acquiring Europe Snacks, a distinguished private-label snacks manufacturer. This development...
Australia’s Proform Foods Exits Administration and Enters Liquidation
Proform Foods, an Australian alternative meat company, has officially entered liquidation following the appointment of administrators in May. A final meeting of the company’s creditors...
Cal-Maine Foods Partners with Crepini to Establish U.S. Joint Venture
Cal-Maine Foods has entered a strategic partnership with fellow U.S. company Crepini to establish a new venture focused on prepared foods and egg products. Headquartered...
Andros Negotiates Acquisition of Chocolate Plant from Carambar
More than 100 jobs are likely to be preserved at the Carambar & Co. chocolate plant in France, as Andros, a local food company, expresses...
Campbell Omits ‘Soup’ from Its Name Amid New Fiscal Targets Announcement
The iconic “soup” will soon be dropped from Campbell’s brand name under a new company initiative, as the food and beverage company redefines its financial...