Maple Leaf Foods Divests Pork Operations
Maple Leaf Foods is undergoing a significant transformation in the food and beverage industry, as it announces the spin-off of its pork business to create...
Category : Finance
Local investor E3 Holding acquires German bakery Pema
E3 Holding, a German investment group, has acquired a majority stake in Pema, a local rye bread producer. The investor purchased 74% of the company,...
Another US pork plant closure planned by Smithfield Foods
Smithfield Foods, a US pork processor owned by China’s WH Group, is closing a ham-boning facility in Altoona, Iowa, putting over 300 jobs at risk....
Australia’s Committee Calls for Food Reforms to Address Diabetes and Obesity
An Australian parliamentary body is recommending a number of reforms in the food and drinks sphere to address the increasing prevalence of diabetes and obesity,...
FNB ownership confirmed for Nestlé baby-food assets in France
FnB Private Equity has finalized the acquisition of Nestlé’s baby-food assets in France, including the NaturNes, Babicao, and Babivanille brands, after five months of negotiations....
Suspension of Vion Food’s export licence outside of the EU
Vion Food Group, a Netherlands-based meat supplier, has faced a suspension of its export license outside of the EU by the country’s food standards regulator....
Emmi to Acquire Mademoiselle Desserts in New Deal
Emmi, a Swiss dairy major, has announced its plans to acquire the France-based frozen-bakery business, Mademoiselle Desserts. The enterprise value of the deal stands at...
Matr Foods plans to increase alt-meat production with new factory expansion
Matr Foods, a meat-alternative start-up in Denmark, is aiming to scale up its production volumes with a new facility within the next two years. Founded...
Brüggen and Frischli Form Partnership to Launch Oat-Based Drinks Joint Venture
German cereal manufacturer H&J Brüggen and dairy producer Frischli are collaborating to establish a joint venture focused on oat-based food and drink products. This partnership...
France Pizza Contamination Leads to Preliminary Charges Against Nestlé
Nestlé is currently facing preliminary charges of involuntary manslaughter in France following an E. coli outbreak in its pizzas two years ago. The charges have...