Year: 2021

US luxury wine business Frank Family Vineyards acquired by Treasury Wine Estates

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USA – Treasury Wine Estates has made a bold step towards building its luxury portfolio and strengthening its presence in the Americas by acquiring US luxury wine business Frank Family Vineyards (FFV) for $315 million.   FFV, located in Napa Valley, California, has a portfolio that includes the winery, brand, and vineyard holdings.   It has wines across three collections ranging from retail prices of US$52 to US$309. The suite is chardonnay-led and supported by cabernet sauvignon, pinot noir, and sparkling wine.  FFV generated net service revenues (NSR) and EBITS of approximately US$71.5 million and US$28.8…

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Waterlogic acquires water filtration systems supplier Q water to support growth strategy

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CANADA – Global leader in point-of-use water purification, Waterlogic has acquired Canadian supplier of filtered water systems Q water in an effort to expand its premium water offerings.   Founded in 2007 by Paula Tekela, Q water is headquartered in Toronto, Ontario, and serves a customer base throughout the US and Canada.   The company describes its product as a premium 4 tier water filtration system, providing Still or Sparkling water without added sodium.   “Q water filtration system includes sediment and carbon filters to reduce particles of sand, silt and rust, and also…

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BlueTriton Brands bolsters presence in North America with acquisition of Saratoga Spring Water

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USA – BlueTriton Brands, formerly known as Nestlé Waters North America, is strengthening its presence in North America with the acquisition of “certain assets” of Saratoga Spring Water Company.  Based in New York, Saratoga Spring Water is a producer of premium spring water and delivers its products to customers in the hospitality and retail channel across the US.  The company, which has a history dating back to the 19th century, was owned and operated by Adam Madkour, a long-time executive of the company.   Madkour took over the company in 2001, having worked as an executive there since the…

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Arla Foods Ingredients’ fractionation technology to enable selection of specific pure milk proteins

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DENMARK – Arla Foods Ingredients (AFI) has developed an advanced milk separation technology that has the capacity to separate milk into its different protein components.   The Demark-based ingredients supplier says its new innovation called milk fractionation will enable the selection of specific pure milk proteins, such as casein and serum whey proteins.  With the new technology, AFI is confident that it will be better positioned to create next-generation dairy products, for applications spanning infant formula and sports nutrition to hospitality and clinical nutrition.   “The method has been several…

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General Mills to sell European dough businesses in pursuit of sustainable, profitable growth

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EUROPE – American multinational consumer goods giant, General Mills has announced plans to sell its European dough businesses to Cérélia as it seeks to focus more on high-growth business segments.  The proposed sale would include General Mills’ branded and private label dough business in Germany, the UK, and Ireland – with its Knack & Back and Jus-Rol brands included in the transaction.   Each of the transactions is expected to close by the end of fiscal 2022, subject to regulatory approvals and customary closing conditions.   In Germany for instance, General Mill’s…

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Préval AG expands presence in US fresh meat market with acquisition of J&G Foods

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USA  –  Préval AG, a leading Canadian agri-food company, is bolstering its US presence with the acquisition of J&G Foods, a fresh meat provider which specialises in organic and natural meats.   J&G Foods markets meats including portioned organic and grass-fed beef, organic and natural chicken, natural pork and beef, and a variety of “marinated and value-added meats.”  “We are excited to add what is now J&G 2021 to our diversified family of companies. J&G has a well-deserved reputation for quality meat products and great customer service,” said Fabien Fontaine, Préval AG President and Founder.  Following the…

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Nigerian B2B marketplace Sabi secures US$6m to support its growth

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NIGERIA – Sabi, a B2B marketplace serving the informal sector, has received US$6 million bridge round led by CRE Venture Capital to support its continued fast-paced growth in Nigeria and beyond. The financing round will help fuel the company’s rapid growth as it eyes new markets including South Africa, which is also home to a multi-billion-dollar informal sector. This follows Sabi’s seed round closed in mid-2020 which also attracted leading international investors including Janngo Capital, Atlantica Ventures, and Waarde Capital. “We are excited to have closed this bridge round as…

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Zebu Investment ventures into conscious consumerism market, acquires SA free range poultry business EFRCH

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SOUTH AFRICA – The Africa Food Security LP (AFS LP), the sophomore fund of Zebu Investment Partners GP Limited, has taken full ownership of Elgin Free Range Chickens Holdings (EFRCH), a leading South African vertically integrated free-range poultry operation. EFRCH is capturing the ever-increasing conscious consumerism market of sustainably sourced products from farm to fork. The equity buyout represents a new dawn for EFRCH and the opportunity to increase production capacity, geographical footprint, and continued high ethical and animal welfare standards. The AFS LP’s Technical Assistance Facility (TAF), will also…

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Africa’s glass manufacturing giant Consol finally finds new owner in global packaging major Ardagh Group

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SOUTH AFRICA – Ardagh​​ Group, global supplier of sustainable, infinitely recyclable, metal and glass packaging for brand owners, has agreed to acquire Consol Holdings Proprietary Limited, the leading producer of glass packaging on the African continent, for an equity value of ZAR10.1 billion (US$635 million). Headquartered in Johannesburg, and founded in 1946, Consol is the market leader in South Africa, operating four well-invested glass production facilities. It serves a broad range of leading international, regional and domestic customers, principally in the beer, wine, spirits, food and non-alcoholic beverage sectors. Ardagh…

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Nestlé launches online platform to provides free access to global nutrition and health data

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GLOBAL – Swiss multinational food giant Nestlé has launched a new online platform that consolidates and provides free access to global nutrition and health data for over 190 countries.  Launched in partnership with Friedman School of Nutrition Science and Policy at Tufts University, the platform is a user-friendly, publicly available resource aimed at facilitating the easy sharing of nutrition and health data.  Powered by the Friedman School and Nestlé Research in Lausanne, the Global Nutrition and Health Atlas includes data from established sources including international agencies, NGOs, academic institutes, and peer-reviewed studies. …

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