MidEuropa Partners Acquires Stake in Oshee
Private-equity firm MidEuropa Partners has recently acquired a “significant minority stake” in Oshee, a notable player in the European protein bars and functional beverages sector....
Category : Finance
Smithfield Foods to Construct New Facility in South Dakota
Smithfield Foods has unveiled plans to replace its century-old facility in South Dakota with a modern packaged meats and fresh pork processing plant in Sioux...
Cerealto Sells Pasta Division to Cerealis
Cerealto, a prominent player in the Spanish private-label sector, has reached an agreement to divest its pasta business to the Portuguese agri-food company, Cerealis. This...
Aviko Acquires Majority Stake in Spanish Competitor Eurofrits
Dutch potato-products supplier Aviko has expanded its presence in the food and beverage industry by acquiring full control of the Spanish frozen-food manufacturer Eurofrits. Previously...
Nestlé Faces Setback as Brazil Recalls Alfamino Formula Due to Iodine Concerns
Nestlé’s infant formula division is under increased scrutiny due to a recent recall in Brazil involving a specific baby powder brand. The company faces challenges...
Increased Job Uncertainty at ABP Food Group Amid Ongoing Meat Industry Challenges
More job reductions are anticipated at Ireland’s ABP Food Group as consultations commence with employees at its Waterford facility. ABP Food Group announced in a...
Saputo Transfers Control of Argentina Division to Grupo Gloria
Saputo recently announced a significant agreement to sell an 80% stake in its Argentina dairy business to Grupo Gloria, effectively transferring control of the operation...
Kraft Heinz Temporarily Halts Plans for Company Split
Kraft Heinz has decided to pause its plans for a split into two distinct entities. Instead, the company is now prioritizing strategies to revitalize its...
Cargill to Shut Down Domestic Meat Plant
US meat giant Cargill is planning to close its ground-beef processing plant located in Milwaukee, Wisconsin. This decision will result in the permanent elimination of...
Reliance Industries Expands Portfolio with Acquisition of Southern Health Foods
India’s Reliance Industries is making waves in the food and beverage sector with its recent acquisition of Southern Health Foods, a significant player in the...