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…

Quadrant Private Equity buys Darrell Lea for US$160m

AUSTRALIA - Sydney-based firm Quadrant Private Equity, one of the leading private equity firms, has bought the creator of chocolates and confectionery products, Darrell Lea for US$160 million. The Quinn family sold an 80-90% stake in Darrell Lea to Quadrant Private Equity, with the sale to be finalised on January 31 and would retain a…

Cargill signs a joint venture with pea protein maker PURIS

USA - Cargill has signed a joint venture with PURIS, producer of pea protein to accelerate pea protein production for North American and global markets. According to the company, PURIS cultivates a spectrum of pure, plant-based foods and ingredients from U.S.-based organic and non-GMO sources. “Cargill is excited to expand into the emerging pea protein…

Nestlé sells U.S. confectionery business to Ferrero for US$2.8 billion

SWITZERLAND - Nestle, the world’s largest food and beverage company has agreed to sell its U.S. confectionery business to Ferrero for US$2.8 billion in cash with acquisition expected to complete around the end of the first quarter of 2018 following the completion of customary approvals and closing conditions. Ferrero, best known for making Nutella, Tic Tacs and Ferrero…

Campari Group buys premium cognac brand Bisquit from Distell

SOUTH AFRICA - Campari Group has agreed to buy Bisquit Dubouche et Cie (Bisquit) from South Africa’s Distell for € 52.5 million to enhance focus on core portfolio to further growth ambitions. The transaction involved acquisition of all the shares in Bisquit, as well as existing stock, maturing inventory, the trademarks as well as production…

Health-conscious Nestle sells U.S. candy to Ferrero for $2.8 billion

USA - Swiss food group Nestle has agreed to sell its U.S. confectionery business to Italy’s Ferrero for $2.8 billion, it said on Tuesday, marking CEO Mark Schneider’s first big sale and a small step on its path towards healthier products. Nestle, the world’s biggest packaged-food company, has cited the unit’s weak position in the United…