Molson Coors Beverage to acquire US craft beer maker Atwater Brewery

USA – Tenth and Blake Beer Company, the US craft division of Molson Coor Beverage Company has secured a deal to acquire Detroit-based craft beer maker Atwater Brewery. Founded in 1997, Atwater Brewery is one of the leading the craft beer maker in Michigan, US with a strong presence in the traditional German-style lagers and unique ales category. Atwater Block Brewery is credited for reviving Detroit’s brewing tradition from its location in the historic Rivertown district. After investing in the brewery in 2002, the brewer was acquired by Mark Rieth…

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Jusu acquires Canadian beverage company Westbloom to expand offering

CANADA – Jusu Bars, a health and wellness company based in Victoria, Canada, has acquired Westbloom Inc., a Calgary based beverage company specializing in coffees, teas and cold brew beverages. The acquisition will allow Jusu to expand its plant-based movement by offering high quality plant-based coffee at all their locations. According to the terms of the acquisition, two key executives of Westbloom will transition to Jusu’s executive team. Bruce Mullen, Jusu’s Founder and CEO says; “Our mission at Jusu is to provide our customers with high quality, organic, chemical free…

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Sime Darby Plantation offloads its Liberian oil palm business unit

LIBERIA – Sime Darby Plantation (SDP), a Malaysian oil palm planation company has completed the sale of its entire 100% equity interest in its palm oil concession in Liberia, Sime Darby Plantation Liberia Inc. (SDPL) to Mano Palm Oil Industries Limited (MPOI). MPOI is a subsidiary of Liberia’s largest manufacturer of household, health and cleaning products Mano Manufacturing Company (MANCO) who was a principal buyer of Sime Darby’s palm oil since 2015. The Bursa Malaysia filing follows an earlier press statement in December 2019 that a Sale & Purchase Agreement…

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Zomato acquires Uber’s food delivery business in India to accelerate growth

INDIA – Zomato, the food delivery company backed by Alibaba’s Ant Financial, has acquired Uber Eats India in an all-stock transaction which will give Uber a 9.99% stake in Zomato. The companies did not disclose the value of the transaction, but preliminary reports place the deal at between US$300-350 million. The American food delivery platform has been struggling with its Indian business following Zomato’s entry into the multi-billion dollar market in 2017. Uber Eats has also encountered major competition from other companies. including Swiggy, who have in the recent past…

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KKR-backed Upfield Group acquires Violife brand owner Arivia

NETHERLANDS – Upfield Group, a plant-based butter and spreads producer owned by private equity giant, KKR, has completed the acquisition of Violife brand owner, Arivia. Following the acquisition, which was first announced in October 2019, Arivia and the brand Violife, will become part of the Upfield Group of companies which owns iconic household names including, Flora, Country Crock, Stork, Blue Band and Proactiv. This strategic acquisition will also enable Upfield to enter a new segment, which the company said will present an additional growth opportunity for the company. Arivia is…

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The Lakes Distillery secures US$5.5m investment from Comhar Capital

UK – The Lakes Distillery has secured £4.25 million (US$5.5 million) in funding from investment company, Comhar Capital to support its growth plans. The British business was set up in 2011 and produces single malt and blended whiskey, vodka and gin. The company aims to see single malt production treble to one million bottles in 2020 as it moves to increase sales across the UK, Europe, Asia and the US. With its investment Comhar Capital has acquired a minority share in the business while supporting Lake Distillery’s ambitious stock build…

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BevCanna expands CBD-infused beverage production capabilities with more acquisitions

CANADA – BevCanna, a Vancouver based infused cannabis beverages producer has acquired cannabis genetics expert Carmanah Craft Corp., to expand its cannabis genetics program. The acquisition will give BevCanna access to an extensive library of cannabis genetics, including 50 premium cannabis strains and over 25 types of cannabis seeds, including six auto flower seed varieties. BevCanna notes that there is an excess of 50 strains by clone and 250,000 cannabis seeds ranging from high tetrahydrocannabinol (THC) to high cannabidiol (CBD). The company added that a large portion of the genetics…

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Fazer Group acquires Finish gluten-free bakery and milling businesses

FINLAND – Finland-based food processor, Fazer Group has acquired Vuohelan Herkku’s bakery and milling businesses as the company continues executing its growth strategy and investing in growing product categories. Vuohelan is one of the forerunners of gluten-free baking in Finland and recently opened a new gluten-free bakery in Lahti. The acquisition strengthens Fazer’s leadership position in in gluten-free bakery products in Finland. Gluten-free products represent approximately 3% of the total bakery market in Finland. Fazer foresees substantial growth in this market, and broadening its gluten-free product portfolio is part of…

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IMCD acquires Israeli based Zifroni Chemical Suppliers Limited

NETHERLANDS – Dutch supplier of speciality chemicals and food ingredients, IMCD, has successfully completed the acquisition of the Israeli distributor Zifroni Chemical Suppliers Limited. Zifroni, based in Rishon Le-Zion, Israel was founded in 1950 and is a leading distributor of specialty chemical ingredients in Israel. The company generated a revenue of €10.2 million (US$11.36 million) in 2019 through their representation of world leading producers from the US, Europe and Asia. Commenting on the acquisition, John Robinson, a Director at IMCD said that Zifroni will further strengthen IMCD’s globalisation agenda, adding…

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Bosch Packaging Technology rebrands as Syntegon Technology

GERMANY – Bosch Packaging Technologies, the former packaging machinery business of Bosch, has rebranded as Syntegon Technology, following its recent acquisition by Luxembourg- based CVC Capital Partners. Bosch agreed to sell the business to CVC Partners in July last year in transaction that included its 6,100 associates in 15 countries. By then, Bosch said that the divestment would allow it to consolidate its resources as it focuses on mobility and connectivity over the internet of things. The deal closed on 2 January and Bosch Packaging will now operate as an…

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