Royal Wessanen completes the acquisition of yogurt company Abbot Kinney

EUROPE – Wessanen, a multinational food company with a focus on organic, and the owners of Abbot Kinney's have signed and completed the acquisition of Abbot Kinney's by Wessanen. Abbot Kinney's is a young and very dynamic innovation leader in organic almond and coconut based yoghurt alternatives and ice-cream. Founded in 2014, Abbot Kinney's already…

Kenyan distributor firm Mohan inks deal to import Bulgarian Flirt Vodka brands

KENYA - Kenya’s wines and spirits distributor, Mohan’s Oysterbay Drinks Ltd has secured an exclusive deal with Bulgarian spirits producer VP Brands International to import and distribute the popular Flirt Vodka in the country. A Business Daily report indicates the partnership will allow the dealer distribute the brands both in Kenya and East Africa with…

Spirits company Edrington forms strategic partnership with Wyoming Whiskey

USA - Edrington, the international premium spirits company, has announced that it has formed a strategic partnership with Wyoming Whiskey, to expand its portfolio of premium spirits into the American Whiskey category. The company reported that effective immediately, Wyoming Whiskey will become part of Edrington Americas’ portfolio which includes many of the world’s most acclaimed…

Bakkavor announces US$13.9m strategic acquisition of Haydens Bakery

UK - Bakkavor Group plc, the leading provider of fresh prepared food, has announced the acquisition of Haydens Bakery Limited from Real Good Food PLC, a deal valued at US$13.9 million. According to the company, the acquisition of Haydens increases the breadth and depth of our desserts range, extending our offering in in-store bakery, as…

China’s Tencent in talks to invest in India’s Swiggy in an upto US$700m funding

ASIA - Tencent, the Chinese investment company has joined several investors who want to invest in India’s food delivery platform Swiggy which is seeking to raise US$500-700 million. According to ET Retail, the talks which involve several existing and new investors may see an investment that could value Swiggy at US$2.5-3 billion ET Retail had…

Indianapolis Fruit announces partnership with CIBUS Fresh food-service company

USA - Indianapolis Fruit, a distributor of fresh fruits and vegetables, has announced a partnership with CIBUS Fresh, a foodservice company that specializes in high-quality and made-to-order packaged convenience foods. According to the company, CIBUS Fresh is a state-of-the-art FDA and USDA certified fresh kitchen facility with a unique approach to fresh convenient food. This…

Australian dairy company Bega Cheese to acquire Capilano Honey firm

AUSTRALIA - Bega Cheese, an Australian dairy company, has confirmed it bought a parcel of shares in Capilano Honey, which is already subject to a bid from elsewhere. According to News.com, Bega said it has paid US$5.38 million for 255,291 Capilano shares at an average of US$21.08 per security, taking its stake in the company…

Everstone to sell a minority stake in the quick-service chain Burger King India

ASIA - Everstone Capital, India’s investment firm which operates the franchise Burger King plans to sell 20% of its stake in the quick service restaurant chain, reports ET Retail. While Everstone holds about 88% of Burger King India, the parent Burger King Worldwide holds 12% stake in the restaurant. According to two people familiar with…

Finsbury Food Group acquires gluten free bakery manufacturer Ultrapharm

UK - Finsbury Food Group Plc, a leading speciality bakery manufacturer, has acquired 100% of the share capital of the gluten free bakery manufacturer Ultrapharm Limited. According to the company, the acquisition of Ultrapharm supports the Group's ongoing strategy to further diversify its product capability into high growth areas. The opportunity to invest in the…

France confectionery Carambar & Co enters merger talks to acquire Lutti

FRANCE – Carambar & Co, a France-based confectionery, has entered exclusive merger talks with German group Katjes International over a possible merger with its Lutti confectionery brand. According to the company, after trying in vain to buy in Mondelez in 2016 the famous Carambar, La Pie Qui Chante and other Krema, Lutti falls into the purse…