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Friday, January 27, 2023
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Category: Mergers & Acquisitions

United Sprits’ Board approves sale of all equity shares in Sovereign Distilleries, Q3 profits dip by 64.4%

January 25, 2023January 25, 2023

INDIA – The board of directors of United Spirits Limited (USL), a subsidiary of British multinational alcoholic beverage company, Diageo,…

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Beverages Financials & Economy LATEST NEWS Mergers & Acquisitions WORLD NEWS 

ITC Limited strengthens healthy food portfolio with acquisition of Yoga Bar brand

January 23, 2023January 23, 2023

INDIA – ITC Limited, an Indian conglomerate, has acquired Sproutlife Foods Private Limited as part of its strategy to grow…

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LATEST NEWS Mergers & Acquisitions WORLD NEWS 

Beneo acquires stake in Grillido to bolster its capabilities in protein alternative sector

January 23, 2023January 23, 2023

GERMANY – Beneo, a leading European food-producing company that is involved in offering plant-based functional ingredients of food, feed and…

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Mergers & Acquisitions Plant-based Foods WORLD NEWS 

Namuh and Ginkgo join forces to develop infant formula products that closely resemble breast milk

January 23, 2023January 23, 2023

company involved in cell programming and biosecurity, to develop functional oligosaccharides structurally similar to breast milk. Human milk oligosaccharides (HMOs)…

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Dairy & Infant Foods Mergers & Acquisitions WORLD NEWS 

Latteria Soresina to acquire Italian cheese maker Oioli dairy in growth strategy

January 20, 2023January 20, 2023

ITALY – Latteria Soresina, an Italian dairy cooperative and major global player in the production of dairy products, is set…

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Dairy & Infant Foods Mergers & Acquisitions WORLD NEWS 

SAB objects to Heineken’s Distell takeover, considers cider brands sell-off

January 20, 2023January 20, 2023

SOUTH AFRICA – South African Breweries, a Johannesburg-based subsidiary of Anheuser-Busch InBev, has reportedly objected the Heineken’s takeover of Distell,…

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AFRICAN NEWS Beverages LATEST NEWS Mergers & Acquisitions 

Diageo to acquire fast-growing Philippine rum brand Don Papa for US$281m

January 18, 2023January 19, 2023

PHILIPPINES – London -based multinational alcoholic beverage company Diageo is leaning Into Super-Premium drinks alongside whisky and tequila following reaching…

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Beverages LATEST NEWS Mergers & Acquisitions WORLD NEWS 

Azelis adds smoke ingredients to its portfolio with Smoky Light acquisition

January 17, 2023January 18, 2023

NETHERLANDS – Food ingredient solutions supplier Azelis has acquired Smoky Light, an established smoke ingredients distributor in the Benelux region…

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Meat, Poultry & Fish Mergers & Acquisitions Supplier News & Innovations WORLD NEWS 

Vall Companys attains full ownership of Spanish pork producer Embutidos Rodríguez

January 17, 2023January 17, 2023

SPAIN – Grupo Vall Companys, has acquired full ownership of Embutidos Rodríguez, a company that specialises in pork products also…

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Meat, Poultry & Fish Mergers & Acquisitions WORLD NEWS 

Hindustan Coca-Cola Beverages explores business sale amid intensified global cost-cut strategy by Coca-Cola

January 13, 2023January 13, 2023

INDIA – Hindustan Coca-Cola Beverages (HCCB), the bottling arm of Coca-Cola, has revived plans of selling its business as a…

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Beverages LATEST NEWS Mergers & Acquisitions WORLD NEWS 

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MOST RECENT POSTS

  • DMCC partners BSAF to boost agri commodities trade between UAE and South Asia
  • African Development Bank to commit US$10 billion in 5 years to boost food security in Africa
  • IFF launches cheese culture to mitigate undesirable flavours in cheese production
  • General Mills explores precision fermentation technology through partnership with Remilk
  • Astral Foods forecasts 90% drop in half year profits as load shedding affects productivity

EVENT PRESS RELEASES

Mega Event Gulfood to play a leading role in tackling global food challenges, kick-starting a pivotal year for the UAE in 2023

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afsnsummit Africa Food Safety & Nutrition Summit @afsnsummit ·
January 27, 2023

The three interconnected issues of food safety, food nutrition and food security are some of the most challenging in Africa’s quest to provide adequate, nutritious and safe food to its growing population.

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January 27, 2023

Sasini to go green with investment in solar energy plant as Kenyans stare at 78% electricity price hike https://t.co/NFIQwahomb
#investment #sustainability #solarpower
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foodbizafrica Food Business Africa Magazine @foodbizafrica ·
January 27, 2023

KTDA to procure 13 orthodox tea processing machines for allied factories to meet the burgeoning demand for orthodox tea https://t.co/SVyK3HqNYj
#investment #orthodoxtea #kenya
@KTDATea

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January 27, 2023

Irrigation, farm input supply, and investment in agro-enterprise take center stage in Dakar II summit https://t.co/dytdiP72wA
#investinafrica #dakar2023 #foodsecurity #senegal
@AfDB_Group

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January 27, 2023

Sign up to Attend Gulfood 2023 - https://t.co/HT1x0zojQ8

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