Walmart partners with Rakuten to boost its grocery delivery service in Japan

USA - Walmart has partnered with Rakuten, a Japanese e-commerce company to launch a new online grocery delivery service with an aim to combat competition from rival Amazon. The partnership will enable Walmart to be the exclusive retailer of Rakuten’s products, selling e-books and audiobooks in its US stores and online. As part of the…

Duravant acquires designer and manufacturer Key Technology

USA - Duravant has agreed to acquire Key Technology, a designer and manufacturer of digital sorting, inspection, conveying and processing equipment in its quest to provide global engineered equipment and automation solutions to the food industry. According to the company, this acquisition will extend Duravant’s scope in providing industrial solutions ranging from food processing, packaging…

Pernod Ricard acquires remaining stake in tequila brand Avión

FRANCE - Pernod Ricard has acquired the remaining stake in tequila brand Avión, producer of several small batch, ultra-premium tequilas in eye-catching packaging, three and a half years after paying US$100 million to take majority control. The global spirits company Pernod Ricard has bought the stake from Jeezy and his Tequila Avion partner, Ken Austin. Pernod…

Refresco to sell aseptic PET facility to address competition concerns

NETHERLANDS - Refresco’s remedy proposal to sell its aseptic PET facility in its acquisition of Cott's bottling activities has been given a nod by the UK Competition and Markets Authority (CMA). The acquisition of Cott’s bottling activities anticipated to complete on 30 January 2018 had faced uncertainties when CMA argued that the acquisition raised potential…

Frutarom secures financing for Flavours & Essences

ISRAEL - Frutarom, a flavor and fragrance company based in Israel has secured a US$21.02 million loan from Bank Leumi for the acquisition of UK-based flavors company, Flavours & Essences (UK) Ltd. Flavours & Essences (UK) Ltd, founded in 1998 and in Blackburn, United Kingdom develops, manufactures, and distributes flavors and natural colors. In August 2017, Frutarom…

Pernod Ricard acquires remaining stake in tequila brand Avión

FRANCE - Pernod Ricard has acquired the remaining stake in tequila brand Avión, producer of several small batch, ultra-premium tequilas in eye-catching packaging, three and a half years after paying US$100 million to take majority control. The global spirits company Pernod Ricard has bought the stake from Jeezy and his Tequila Avion partner, Ken Austin. Pernod…

Instacart buys coupon start-up Unata to boost growth in Canada

CANADA – Instacart, the American grocery delivery service, has acquired Unata, an ecommerce platform that allows customers to select groceries through a web application from various retailers, which are then delivered by a personal shopper. The Unata coupon start-up would accelerate the shopping process for customers in combination with Instacart’s talented teams, vibrant cultures, and innovative products. Instacart’s…

Nomad Foods acquires Goodfella’s Pizza for US$280m

UK - Nomad Foods Limited, a leading frozen foods company has agreed to acquire Green Isle Foods Ltd’s Goodfella’s Pizza for US$280 million to expand its portfolio into the sizable and complementary frozen pizza category. Goodfella’s Pizza, a manufacturer and distributer of a portfolio of leading branded and private label frozen pizzas in the United…

Synlait Milk partners with Foodstuffs South Island to supply fresh milk and cream

NEW ZEALAND - Synlait Milk has invested approximately US$125 million in an advanced liquid dairy packaging facility in a partnership with Foodstuffs South Island Limited to supply fresh milk and cream from early 2019. According to the company, it is seeking diversification in its business through investment in a range of dairy-based products that will…