Ferrero-Linked Company to Purchase Nonni’s Bakery, Based in the US
Ferrero, a renowned Italian chocolate company, is set to acquire US biscotti producer Nonni’s Bakery. The acquisition is being made by CTH Invest, and it...
Category : Finance
Oatly’s North American earnings turn positive as they continue to make progress
Oatly, a Sweden-based alt-dairy business, has reported a narrowing of losses in the second quarter, signaling progress in its financial performance. CEO Jean-Christophe Flatin described...
JM Smucker considers selling Voortman Bakery
JM Smucker is currently assessing the interest in Voortman Bakery, a business unit it acquired from Hostess Brands last year for $5.6bn. The company is...
Fresh Purchase: India’s Captain Acquires Seafood Company Koral from Abris Capital
Captain Fresh, a seafood processor in India, has acquired Polish salmon peer Koral from private-equity investor Abris Capital Partners. In turn, Warsaw-based Abris will take...
Negotiations Underway for Cinven to Acquire Share in Vitamin Well from Bridgepoint
The private-equity investor Cinven has chosen not to comment on reports that it is in discussions with a UK peer to acquire a stake in...
Major chocolate companies support EU law against deforestation
The chocolate heavyweights Nestlé, Mars, and Ferrero have expressed their support for the EU’s upcoming ban on imported goods linked to deforestation. According to a...
Fresh Hemp Foods acquires The Humble Seed, a wholesome cracker manufacturer
Fresh Hemp Foods, a Canadian hemp food specialist, has expanded its wellness foods portfolio with the acquisition of US-based snack brand The Humble Seed. This...
Investor group acquires Ysco ice-cream unit from Milcobel
Belgian dairy cooperative Milcobel is planning to sell its Ysco private-label ice-cream subsidiary to investors. Davidson Kempner Capital Management and Afendis Capital Management are set...
Negotiations between Bavaria dairy set ends without agreement
The dairy sector in the German state of Bavaria faced a setback as a potential pay deal with workers collapsed “at the last minute,” reported...
Reckitt announces exit from baby-formula business as part of strategic review
Reckitt Benckiser has initiated a strategic review of its Mead Johnson infant-formula business, considering it as “non-core” within the nutrition division. The acquisition of Mead...