Benford Capital Partners purchases Turri’s Italian Foods
Benford Capital Partners (BCP), a US-based private-equity firm, has recently acquired Turri’s Italian Foods, a local frozen pasta and rice maker. The financial terms of...
Category : Finance
La Doria acquires assets of Pastificio di Martino in another successful deal
La Doria Group, a prominent Italian food business with a focus on private-label products, has recently made two significant acquisitions in a single week. The...
Grupo Bimbo plans to close another bakery plant in the US
Grupo Bimbo, a Mexico-based company, will close its San Antonio, Texas bakery facility on 5 October. This move will affect 138 employees, according to a...
Mizkan invests $156 million to expand pasta facility in the US
Japan-based sauces giant Mizkan Group is making a significant investment of $156m to expand its US pasta sauce plant in Owensboro, Kentucky. This expansion will...
Kellanova increases forecast due to strong sales of US snack brand
Amid strong second-quarter results, Kellanova raises its 2024 organic net sales guidance. Kellanova, known for its global snacking business spun off from Kellogg last year,...
Veganz, a German company, secures new funding for growth
German plant-based food manufacturer Veganz has successfully secured up to €10m ($10.9m) in equity financing. The funding was obtained through a securities purchase agreement with...
UK frozen food organizations support carbon emission reduction campaign
The UK frozen food industry is exploring ways to reduce carbon emissions by raising the temperature at which frozen food is stored and transported. Two...
Nestlé expands investment in Indian joint venture with Dr Reddy’s
Nestlé’s Indian arm has invested Rs7.06bn ($83.9m) in its joint venture with pharma group Dr Reddy’s in India. Nestlé India will maintain a 49% shareholding...
Private label brands gaining ground over US food volume share
The US food industry continues to see a shift towards private label products over branded consumer foods. According to analysis by US investment bank AllianceBernstein,...
UK-based healthy product company Nim’s rebrands as its product range expands
Nim’s, a UK better-for-you manufacturer renowned for its air-dried fruit and vegetable crisps, has undergone a rebranding to better represent its expanding product range. Now...