Nestle ahead of Unilever in final race to acquire GSK’s nutrition business in India

INDIA – Nestle SA, the Swiss transnational and the world’s largest food company is contending Unilever in the final round of negotiations to acquire GlaxoSmithKline’s consumer nutrition business in India. According to three people aware of the development, cited by ET Retail, Nestle is believed to be the frontrunner with a more aggressive offer after…

Bill Gates backed meatless burger maker Beyond Meat files for IPO

USA(Bloomberg) - Beyond Meat Inc., the maker of vegan chicken and beef substitutes including the Beyond Burger, filed for a U.S. initial public offering. The company filed with an initial offering size of $100 million, which is a placeholder that’s likely to change. The company’s backers include Microsoft Corp. co-founder Bill Gates and Don Thompson, McDonald’s Corp.’s…

Coca-Cola Amatil partners three technology startups to improve delivery efficiency

AUSTRALIA – Coca-Cola Amatil has partnered with three Australian startups Bellr, Snooper, and Staybil as part of its Xcelerate venture to boost delivery efficiencies as well as enhance consumer experience in Australia. This is part of the company’s initiative designed to test whether combining emerging businesses with Amatil’s established customer base and supply chain footprint…

Tate & Lyle extends distribution agreement with Azelis in Europe

EUROPE – The British agribusiness conglomerate Tate & Lyle has announced that it has extended its partnership with Azelis, a leading distributor of speciality chemicals and food ingredients. As part of the agreement, Azelis’ will distribute Tate & Lyle’s texturants, low and no calorie sweeteners, fibres, and stabilisers in Poland, Czech Republic, Slovakia, Romania, Croatia…

South Korea’s CJ CheilJedang buys U.S. frozen foods firm Schwan for US$1.84b

USA – South Korean food ingredients and pharmaceuticals company CJ Cheil Jedang has bought Minnesota based privately owned food company Schwan Co. for $1.84 billion. CJ CheilJedang has acquired 80% of Schwan’s, representing CJ Group’s biggest ever acquisition. With the deal, the group will be able to access Schwan’s distribution network, including logistics centers and…

French agricultural cooperative Agrial to acquire German dairy group Rotkappchen

GERMANY – The French agricultural cooperative and food-processor Agrial has agreed to acquire German dairy company Rotkappchen Peter Julich Group for an undisclosed sum. According to Agrial, the acquisition represents further fulfilment of the strategy of Eurial, the Dairy division of Agrial, focused on developing strong brands and important territorial entrenchment in Europe. The transaction…

Heineken’s Polish unit Grupa Zywiec acquires Browar Namyslow for US$131.6m

POLAND – Heineken’s Polish subsidiary Grupa Zywiec is set to acquire beer maker Browar Namyslow at a valuation of US$131.6 million as the Dutch brewing firm expands to increase footprint in Poland. Zywiec will assume full control of Browar Namyslow, a company situated in the west of Poland, near Wroclaw. Heineken, which holds a 65%…

Premier Foods CEO Gavin Darby to step down, considers Ambrosia brand sale

UK – The British grocery and food manufacturer has said that its Chief Executive Officer, Gavin Darby will step down from the company in January, soon after announcing that it is considering sale of its Ambrosia brand. Darby will be leaving after six years as CEO at the company that has been heavily indebted in…

Bunge’s joint venture EGT acquires a grain elevator near Sidney

USA - EGT, LLC, a joint venture between Bunge North America and ITOCHU, announced that it has purchased a grain elevator in Sidney, Montana from Busch Agricultural Resources, LLC, a division of A-B InBev, N.V. for an undisclosed amount. According to EGT, the Sidney elevator has access to the Burlington Northern Sante Fe railroad which…

Amber Beverage agrees to acquire Russian spirits producer Permalko

RUSSIA – Amber Beverage Group, a subsidiary of the alcoholic beverages producer SPI Group has announced that it set to acquire a controlling stake in Permalko for an undisclosed sum. As part of the transaction, Amber Beverage Group will retain all of the Permalko operational management team and staff. According to the company, the acquisition…