UberEats acquires South African restaurant tech start up orderTalk

SOUTH AFRICA - UberEats, the American online food ordering and delivery platform has announced that it has acquired the South African restaurant technology start up orderTalk at an undisclosed sum. orderTalk Inc. owned by venture capital firm Knife Capital, offers online ordering software and call center solutions for the restaurant, takeout, and hospitality industry. According…

Cargill sells its stake in Progressive Ag Partners joint venture to Central Valley Ag

USA - Cargill has sold its stake in the Progressive Ag Partners (PAP) joint venture to Central Valley Ag Cooperative (CVA) giving it full ownership of the venture effective June 1. PAP was a joint venture, formed in September of 2002 between CVA and Cargill, offering the buying, selling and storage of grain from producers…

Danone and Nestle among bidders for 72% stake in GSK’s consumer business

INDIA - Multinational companies including France’s Danone, Hindustan Unilever and Nestle are competing with the American global investment firm, KKR & Co for a 72% stake in GlaxoSmithKline plc’s Indian consumer products business, GSK Consumer Healthcare for US$4 billion, reports ET Retail. The deal, considered to be the biggest in the Indian consumer industry has…

Kroger buys Illinois-based meal kit Home Chef for US$700m

USA - Kroger Co., one of the largest supermarket chains in the US has acquired the weekly meal kit and food delivery company, Home Chef for an initial price of US$200 million but CNBC indicated that the value could go to as much as US$700 million over the next five years if certain conditions including…

DuPont divests its alginates business to JRS Group

USA - DuPont has received approval from the European Commission (EC) to divest its alginates business to JRS Group, a manufacturer of functional additives from plant-based raw materials. The divestiture, expected to close in the third quarter 2018 was a requirement set by the EC for its proposed acquisition of FMC’s Health & Nutrition (H&N)…

KP Snacks to acquire Tyrrells snack brands from Hershey Company

UK - The Intersnack Group has announced that it has reached agreement for its KP Snacks business to acquire Tyrrells, Inc. and its global portfolio of better-for-you, premium snack brands from The Hershey Company and its subsidiaries for an undisclosed sum. According to the company, the Tyrrells business includes a Head Office and two manufacturing…

Dairy Crest invests US$100m in Davidstow creamery in the UK

UK - British-owned dairy company, Dairy Crest has invested US$113.5 million in growing the capacity of its cheese business, US$100 million of which will be spent at its Davidstow creamery in Cornwall, UK. The investment is aimed at allowing further growth of the company’s market-leading cheese brands Cathedral City and Davidstow, enhancing whey production capacity…

Givaudan completes the acquisition of the nutrition division of Brazil’s Centroflora

SWITZERLAND - Givaudan has announced that it has completed the acquisition of the Nutrition Division of Centroflora Group (Centroflora Nutra), a manufacturer of botanical extracts and dehydrated fruits. Centroflora Nutra is located in Botucatu, Brazil and its acquisition according to Givaudan, forms part of its 2020 strategy to strengthen its presence in Brazil and further…

Unilever Nigeria to sell Spreads business after 30% increase in turnover

NIGERIA - Shareholders of Unilever Nigeria Plc have approved the proposed sale of its spread business unit to Netherlands based consumer staples and packaged food company, Sigma Bidco. According to Vanguard, the company also unveiled its financial report, having recorded 30% increase in turnover to US$251.59 million from US$193.34 million in the previous year, 2016,…

Distell restructuring and merger with Capevin to be completed end-May

SOUTH AFRICA - Distell’s merger with Capevin and planned restructuring of its corporate structure is set to be completed at the end of May, reported BusinessDay citing information from analyst. A Sens announcement issued revealed that Capevin, which holds a 29% stake in Distell, will be suspended from JSE on May 30, and its shareholders…