Crown Holdings offloads EMEA food packaging unit to private equity firm KPS in US$2.68bn deal

EMEA –  American-based packaging manufacturer Crown Holdings has agreed to sell its Europe, Middle East and Africa (EMEA) food packaging unit to private equity firm KPS Capital Partners, in a deal valued at €2.25 billion (about US$2.68 billion). Crown’s European Tinplate business produces food cans and ends, aerosol cans, metal closures, and promotional packaging for various consumer brands. The business is regarded as one of the largest manufacturers of steel and aluminium food packaging in Europe, operating 44 manufacturing facilities in 17 countries across Europe, the Middle East and Africa.…

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UAE manufacturing giant Agthia Group to acquire majority stake in Egyptian meat processor Atyab

EGYPT – Abu Dhabi-listed food and beverage company Agthia Group has announced that its Board of Directors has approved a strategic acquisition of a majority stake in Ismailia Investments (Atyab), Egyptian producer of frozen processed chicken and beef products. The acquisition would see Agthia acquiring 75.02% in Ismailia Investments, giving it an enterprise value of 3.22 billion Egyptian pounds (US$205.6 million). Ismailia Investments has a portfolio of four brands – Atyab, Meatland, Shiketita and Furat – catering to the value, economy and premium segments of the Egyptian market, Agthia noted…

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DSM launches personalised nutrition company as Kemin expands portfolio of ingredient solutions

NETHERLANDS – Global biosciences company DSM is launching a new nutrition company that aims to provide consumers with personalised nutrition solutions. FoodBev reported that the Netherlands-based company is investing US$100 million into the development of the company which will be operating as Hologram Sciences. DSM says that the newly-formed company seeks to disrupt the nutritional marketplace by creating brands that target various health conditions. Hologram Sciences brands will offer consumer-facing personalised nutrition solutions that have been clinically proven to address a variety of health needs, including those related to immunity,…

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Schur Flexibles Group, Berlin Packaging make new acquisitions in Italy as Altopack develops packaging robot

ITALY- European packaging companies Schur Flexible Group and Berlin Packaging have made new acquisitions in Italy to strengthen their market positions and offer more options for customers. Schur Flexibles Group which produces flexible packaging at 22 facilities located across 11 European countries has acquired packaging specialist Sidac for an undisclosed sum. The company is expected to leverage Sidac’s production plant in Forli, near Bologna, and its portfolio of packaging solutions to expand its network in the Italian market. Sidac’s portfolio primarily consists of complex laminates supplied on reels, which are…

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East Africa poultry company Uzima Chicken receives US$3m follow-on debt from AgDevCo

RWANDA – AgDevCo, UK based social impact investor with a focus on Africa’s agricultural sector has made a US$3.0 million follow-on mezzanine debt investment into Uzima Chicken Limited, a poultry company operating in Rwanda and Uganda. The East African poultry farm produces and distributes Sasso breed chickens with the aim to create value for rural households by providing better quality meat and eggs for consumption and sale. Uzima provides day-old chicks through a network of hundreds of small, independent distributors who rear the birds to six to eight weeks before…

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Angolan state bags US$82m from privatization of government owned breweries, agro-livestock farms

ANGOLA – The government of Angola has raised a total of Akz 52 billion (US$82.7m) from the privatization of 3 state-owned breweries and 5 agro-livestock enterprises, under the Privatization Program (PROPRIV), coordinated by the Institute of Assets Management and State Participation (IGAPE). IGAPE was created to manage the state’s financial assets and holdings, and carry out the privatisation and restructuring programme of the corporate public sector, according to a presidential order. The PROPRIV program is aligned with the National Development Program 2018-2022 and falls within the scope of Public Finance…

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French dairy company Sodiaal sells German cheese business to Meggle, Fonterra completes sale of two China farms

GERMANY – French dairy company Sodiaal has sold German cheese company Stegmann Emmentaler Käsereien GmbH to Meggle Group GmbH. The acquisition comes just a month after the French dairy company bought a 51% controlling interest in Yoplait S.A.S. from General Mills In exchange for the 51% stake it gave to Sodiaal, General Mills got a full ownership of the Canadian Yoplait business and a reduced royalty rate for use of the Yoplait and Liberté brands in the US and Canada. In a statement, Meggle said the acquisition of Stegmann sustainably…

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Stonewall Kitchen buys Vermont Coffee Company as Campbell offloads baby food brand Plum Organics

US – Stonewall Kitchen, an American specialty food producer, has acquired organic coffee brand Vermont Coffee for an undisclosed sum. FoodBev reported that the deal marks Stonewall Kitchen’s sixth acquisition. Vermont Coffee will now join other brands such as Urban Accents and Vermont Village. With a 40,000-square-foot facility in Middlebury, Vermont Coffee is the best-selling brand of bagged organic coffee in grocery stores across the northeast, according to Stonewall Kitchen. The company offers more than 25 blends, with whole bean and pre-ground options available. Commenting on the acquisition, Vermont’s Founder…

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Aryzta sells Switzerland sandwich assets as Dawn Foods snaps up Polish food ingredients supplier Jabex

EUROPE – Cash-strapped specialty food company, Aryzta has announced the sale of its sandwich production business in Switzerland to Bell Food Group subsidiary, Hilcona for an undisclosed sum. The sale comes one month after the Zurich-based food company signed an agreement to sell its North American business to an affiliate of US private equity firm Lindsay Goldberg for US$850 million, as part of its efforts to reduce debt. As part of the deal, Hilcona will acquire Aryzta’s production premises located in Schlieren and will take on around 25 employees. Aryzta…

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Ingredion acquires German food solutions provider KaTech, complementing its specialty ingredients portfolio

GERMANY – American multinational ingredient provider, Ingredion has acquired KaTech, a German provider of advanced texture and stabilization solutions, effectively expanding its specialty ingredients portfolio. The acquisition comes five months after Ingredion agreed to acquire the remaining stake in Verdient Foods, taking its ownership of the plant-based protein joint venture to 100%. KaTech offers a variety of solutions that assist food and beverage manufacturers with product formulation, ingredient functionality and technical assistance. The firm is said to have application expertise in areas such as stabilisation, texture enhancement, protein enrichment and…

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