DSM to acquire specialty dairy solutions provider CSK Food Enrichment for €150m

NETHERLANDS – Global bio-sciences company, Royal DSM has reached an agreement to acquire specialty dairy solutions provider Koninklijke CSK Food Enrichment in a cash consideration of about €150 million (approximately US$166 million). DSM said that […]

Italian beverage company Campari Group in talks to buy French distributor

ITALY – Italian drinks company, Campari Group has entered into exclusive negotiations to acquire its current French distributor Baron Philippe de Rothschild France Distribution. The distributor is currently fully owned by Baron Philippe de Rothschild. […]

Australia approves US$980m takeover of formula maker Bellamy’s by Mengniu

AUSTRALIA – The Australian government has conditionally approved the A$1.43 billion (US$980.27 million) takeover of organic infant formula producer, Bellamy’s by its Chinese peer, Mengniu Dairy. Among the conditions imposed to keep the company tied […]

Unilever reviews its Australia and New Zealand ice cream business unit

AUSTRALIA – Unilever has announced an extensive review of its Australia and New Zealand ice cream business unit as the company seeks to cushion the business from volatility in the ice cream market. The company […]

Dutch bottler Refresco accelerates buy and build strategy to expand global footprint

NETHERLANDS – Refresco, Netherlands-based beverage bottler has embarked on an aggressive expansion plan seeking to make multiple acquisition in various markets as part of the company’s buy and build strategy aimed at propelling growth and […]

Namibian meat processor Ohlthaver & List buys majority stake in rival company

NAMIBIA – The Ohlthaver & List Group has acquired a 60% stake in Hartlief Corporation Limited, a meat producer, a move that is in line with the group’s 2025 corporate strategy. This majority stake ownership […]

Dean Foods files for bankruptcy as declining milk consumption impacts performance

USA – Dean Foods, America’s leading milk producer, has filed for bankruptcy protection citing struggles in staying afloat in a market that is experiencing accelerating decline in the conventional white milk category. The DairyPure, TruMoo […]

Anheuser-Busch fully acquires Craft Brew Alliance to expand product portfolio

USA – Anheuser-Busch, the America subsidiary of Belgium-based Anheuser-Busch InBev (AB InBeV) has announced that it will acquire the outstanding 68.8% stake in Craft Brew Alliance (CBA) for about US$321 million. Anheuser-Busch currently holds 31.2% […]

IMCD establishes national US footprint as single entity with full integration of Horn

USA – IMCD N.V., a leading distributor of specialty chemicals and food ingredients, has completed the integration of specialty chemicals distributor, Horn into its IMCD US operations. Horn was acquired by IMCD in August 2018 […]

Bio-Corn Products to lose processing facilities amid mounting financial woes

KENYA – Bio-Corn Products limited, a subsidiary of Nairobi-based manufacturing firm ISONS Group, will lose its multimillion-shilling processing plant to auctioneers after it defaulted on a loan owed to a local lender. In a notice, […]