Britannia Industries Announces Closure of Factory in India
India’s Britannia Industries is set to close its biscuit factory in a Kolkata suburb after all permanent workers accepted voluntary retirement schemes. The company announced...
Category : Finance
Stellex Capital purchases US bakery J. Skinner
Stellex Capital Management, a private-equity firm, has acquired family-owned US bakery company J. Skinner Baking. The financial terms of the deal were not disclosed. This...
CK Snacks becomes a part of the Nexus Capital family following acquisition from Kilroy Partners.
CK Snacks, a US private label and co-manufacturer, has been acquired by Nexus Capital from Kilroy Partners. The Los Angeles-based asset-management firm, in partnership with...
Regal Food Products Makes Acquisition of Bradford Manufacturing Facility
Regal Food Products Group, a Bradford-based food manufacturer specializing in world food bakery and confectionary products, has recently acquired a new 45,000 sq. ft site...
Dutch firms collaborate to provide clarity on expiration date labeling
A coalition of food companies and supermarkets in the Netherlands has come together to address food waste by providing clarity on expiry dates for certain...
New owner assumes control of Tofutti distribution and manufacturing operations in Canada
Sweets from the Earth (SFTE) has acquired the production and distribution rights for the US dairy-free brand Tofutti in Canada. The deal, expected to be...
Summer Garden Foods, a condiment maker, acquired by Lassonde
In a move to diversify its North American food and beverage business, Canada-based agri-food company Lassonde Industries has announced its plans to acquire Zidian Group,...
Idilia Foods of Spain Acquires 50% Stake in Cacaolat Dairy-Drinks Maker
Spain-based Idilia Foods has finalized a deal to acquire 50% of local dairy-drinks business Cacaolat from beer giant Damm. The acquisition, which was completed for...
Major Danish seafood company, Espersen, appoints Tino Bendix as new CEO.
Espersen, a Denmark-based seafood company, has named Tino Bendix, a former executive at Orkla, as its new CEO. He takes over from Klaus Nielsen, who...
Spain eliminates VAT on olive oil in efforts to revitalize struggling industry
Spain is taking steps to support its struggling olive oil industry by eliminating VAT on the product. Last year, the government reduced the tax to...