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...
Category : Finance
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...
High Liner Foods acquires minority ownership in Norwegian salmon group
High Liner Foods has made a strategic move by acquiring a 4.5% stake in Norway’s Andfjord Salmon Group for C$10m ($7.29m). This investment will not...
Employees go on strike at Frosta frozen foods factory in Germany
German frozen-food group Frosta experienced a “warning strike” at its headquarters in Bremerhaven as employees demanded higher wages. The walkout, organized by German trade union...
Danone Supports Medical Nutrition Manufacturing in France
Danone has announced a €70m investment in a new production line for tube-feeding products in France, focusing on its oral nutritional supplement range under Nutricia....
Borealis Foods warns about future sustainability
The future viability of Canada-based ramen noodles supplier Borealis Foods is in jeopardy unless the company secures new funds, as reported in a filing with...
Uruguayan regulators block Minerva’s deal with Marfrig assets
Brazilian meat companies Minerva Foods and Marfrig have confirmed that Uruguay’s competition regulator has blocked part of a $1.5bn deal between them. The Competition and...
Nestlé to Introduce New Products Catering to GLP-1 Nutrition Needs
Nestlé is introducing a line of meals in the US to complement GLP-1 weight-loss medication. The new Vital Pursuit products from Nestlé are protein-rich, high...