Spur set for share buy back from GPI and Treasury

SOUTH AFRICA – Grand Parade Investments (GPI), a South African restaurant and gaming group has entered into agreement with Spur Corporation to sell its 10% stake, back to the steakhouse company reducing its shareholding from […]

Tate & Lyle sells Swedish oat ingredients business to Lantmännen

SWEDEN – Global food and ingredients supplier, Tate & Lyle has announced that it has sold its oat ingredients business, based in Kimstad, Sweden, to Swedish agricultural cooperative Lantmännen. Lantmännen has acquired Tate & Lyle’s […]

Campbell Soup sells refrigerated salsa brand Garden Fresh Gourmet

USA – Campbell Soup has announced that it has reached a definitive agreement to sell its branded refrigerated salsa brand, Garden Fresh Gourmet to an affiliate of Fountain of Health USA for an undisclosed sum. […]

Premier Foods abandons plan to sell Ambrosia custard unit

UK – British food manufacturer has dropped plans to offload its Ambrosia brand which includes rice pudding and custards, which it had planned to sell for a consideration of about US$129 million. The company which […]

Emmi sells trading and supply arm Frisch-Service to Transgourmet Group

SWITZERLAND – The Swiss dairy processor, Emmi has agreed to sell its trading and supply company Emmi Frisch-Service AG to Transgourmet Group, Europe’s second-largest cash & carry and wholesale company for undisclosed sum. According to […]

Louis Dreyfus to exit dairy business as part of strategic focus

NETHERLANDS – The global agri-merchant firm, Louis Dreyfus Company B.V. has announced decision to exit its dairy business by mid-2019 as part of strategy to focus on core business operations. As one of the leaders […]

Arla Foods sells German cheese factory to Belgian packer Vache Bleue

GERMANY – The Danish dairy producer, Arla Foods has sold its German cheese production site in Bad Worishofen, Bavaria to Vache Bleue, a Belgian seller, distributor and packer of cheese. As part of the sale, […]

South Africa’s Famous Brands shuts down 14 Gourmet Burger Kitchen stores

SOUTH AFRICA – Famous Brands, a South African holding company and food service franchiser has closed 14 out of its 17 Gourmet Burger Kitchen (GBK) under-performing stores after the approval of a restructuring plan by […]

Fonterra to unwind Australian joint venture with China’s Beingmate

AUSTRALIA – New Zealand dairy co-operative Fonterra reached a provisional agreement with Chinese infant formula group Beingmate Baby & Child Food Co Ltd to unwind their joint venture in Darnum, Australia. The unwinding details which […]

Coca-Cola Amatil confirms Australian SPC fruit unit sale

AUSTRALIA – Coca-Cola Amatil has confirmed that it will be selling its fruit and vegetable processing unit in Australia, SPC, a business that has been making losses over the years. The company which has also […]