Kenyan businessman Kirubi completes buyback of Haco Tiger Brands

KENYA - Businessman Chris Kirubi has taken back full control of Haco Tiger Brands East Africa after acquiring Johannesburg-based Tiger Brands’ 51% stake in the fast moving consumer goods manufacturer. Mr Kirubi in 2008 sold the stake in the firm –then trading as Haco Industries- to the multinational for more than US$2.95 million. “As previously…

Euroma acquires Intertaste, takes lead in European and Dutch spice markets

NETHERLANDS - Koninklijke Euroma B.V, which manufactures and distributes herbs and spices,has acquired Intertaste BV., the West-European dealer in herbs, spices, mix and package end products in consumer packaging. Euroma has taken over all Intertaste’s shares after a go-ahead from the Authority for Consumers and Markets (ACM), giving it a top recognition in the European…

Sokolow to acquire Gzella to strengthen market position in Poland

POLAND - Sokolow Group has announced intentions to acquire Gzella Meat Group, a meat producer in Poland with the aim to strengthen the market position not only in Poland but also internationally. The transaction, whose approval awaits a go ahead from Polish competition authorities, involves formation of a merger between the companies and their brands…

IOI Loders Croklaan, Kerry Group collaborate to implement Small-Growers Support Program

MALAYSIA - IOI Loders and Kerry Group in collaboration with Wild Asia and Fortuna Palm Oil Mill have entered into a partnership to implement Small-Growers Support Program with an aim to boost small farmers’ productivity. Farmers with 0-500Ha land will be involved in IOI’s supply chain and these groups will support them in putting in…

Bakkavor begins construction of new bakery in Charlotte, North Carolina

US - Global food manufacturing firm Bakkavor has begun construction on a new bakery facility in Charlotte, North Carolina. According to a press release by commercial and industrial builders AM King, which provided site selection, process engineering, construction services, and worked on other aspects of the project. The 80,000-sq-ft facility will include 42,000 sq ft…

Tyson Foods makes investment in Chicago-based food startup Tovala

US - Tyson Foods, Inc., through its corporate venture subsidiary Tyson Ventures, has completed an investment in Tovala, a Chicago-based food startup that makes smart countertop steam ovens with fresh ready-to-cook meals. The terms of the investment are not being disclosed. Tyson Ventures joins a strong group of investors including Origin Ventures, the Pritzker Group,…

FrieslandCampina obtains full ownership of Friesland Huishan Dairy

GERMANY – FrieslandCampina, a Dutch multinational dairy cooperative, has acquired all remaining shares in Friesland Huishan Dairy (FHD), making it a 100% owned subsidiary of FrieslandCampina. FHD produces tea creamers and coffee creamers on behalf of other FrieslandCampina companies, besides infant formula, located near Shenyang in Liaoning Province. According to the company, the business was…

Nestle signs quality MoU with Standards Association of Zimbabwe

ZIMBABWE - The Standards Association of Zimbabwe (SAZ) has entered into a memorandum of understanding (MoU) with Nestle Zimbabwe for scientific and technical cooperation. SAZ director-general Eve Gadzikwa said they have entered into partnership with Nestle, which is the number one organisation in terms of food quality. “The relationships that we have with our various…