Newlat secures agreement to acquire Princes brand from Mitsubishi
Princes, a UK-based food and drinks manufacturer, has recently confirmed its full acquisition by Italian peer Newlat. The global canned foods maker is being sold...
Category : Finance
Mondelez punished in Europe for past violations of anti-trust laws
Mondelez International has been fined €338m ($366.5m) in Europe for “hindering cross-border trade” in breach of competition regulations. The European Commission conducted a probe dating...
Haribo invests millions into new candy manufacturing facility in Germany
German sweets giant Haribo announced a significant investment of around €300m ($326.5m) in a new production plant in Neuss, North Rhine-Westphalia. The site will focus...
Léa Nature, based in France, buys Biothentic’s bulk organic food division
Compagnie Léa Nature has acquired the bulk business unit belonging to fellow French organic food producer Biothentic. ABCD Nutrition, Biothentic’s owner, has agreed to hand...
1440 Foods Announces Opening of New Healthy Snack Plant in the US
1440 Foods, a US-based company, is set to open a new production facility in Jeffersonville, Indiana, to meet the growing demand for healthy snacks in...
Nestlé workers have been striking in Canada for nearly three weeks
Nestlé workers in Canada are approaching their third week of strike action at a plant in Toronto, citing issues with pension pay. The dispute has...
Sabelli purchases Italian cheese company Stella Bianca
Italian dairy group Sabelli has expanded its portfolio by acquiring local peer Stella Bianca from the Latte Montagna Alto Adige (Mila) cooperative. The financial details...
Ontario Plant Closure Announced by Maple Leaf Foods in Canada
Maple Leaf Foods, a Canada-based meat major, recently announced the closure of a processed poultry plant in Brantford, Ontario. The decision to close the 100-year-old...
Investment firm Forward Consumer Partners acquires ownership interest in Xochitl
In the latest move in the food and beverage industry trends, US-based private investment group Forward Consumer Partners has partnered with local tortilla chips and...
Keybridge successfully acquires Yowie and names new CEO
Yowie Group has appointed Nicholas Bolton as CEO of the Australian confectionery maker following a successful takeover by Keybridge Capital. Bolton, who is a managing...