Category: Mergers, Acquisitions & Divestments

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

Food Business Africa

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 […]

BevCanna expands CBD-infused beverage production capabilities with more acquisitions

Food Business Africa

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 […]

Fazer Group acquires Finish gluten-free bakery and milling businesses

Food Business Africa

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 […]

IMCD acquires Israeli based Zifroni Chemical Suppliers Limited

Food Business Africa

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 […]

Bosch Packaging Technology rebrands as Syntegon Technology

Food Business Africa

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 […]

Zambia Cooperative Federation acquires majority stake in Kasama milling

Food Business Africa

ZAMBIA – THE Zambia Cooperative Federation (ZCF) has entered into an equity partnership with Kasama Milling to own 70% shares in the milling company while Kasama to own 30% in bid to reduce the mealie […]

Califia Farms closes landmark US$225m series D financing round

Food Business Africa

USA – Califia Farms, a Los Angeles-based plant-based food and beverage company has closed its Series D financing raising US$225 million in capital led by the Qatar Investment Authority (QIA).  The funding, which counts as […]

Neogen Corporation acquires Italian food safety company Diessechem

Food Business Africa

USA – Neogen Corporation has acquired Diessechem S.R.L., an Italy-based distributor of food and feed safety diagnostics, for an undisclosed amount. Diessechem is a supplier of food safety diagnostics to public authorities for food safety, […]

Plukon acquires majority stake in Staay Food’s vegetables and convenience business

Food Business Africa

NETHERLANDS – Plukon Food Group has agreed to acquire 51% stake in Fresh Care Convenience, a producer and processor fruit and vegetables owned by its Dutch peer, Staay Food Group. Based in Dronten, the Netherlands, […]

Key Technology acquires Dutch processing equipment supplier Herbert Solutions

Food Business Africa

NETHERLANDS – Key Technology, a processing equipment manufacturer and member of the Duravant family of operating companies, has acquired Herbert Solutions enhancing its portfolio of potato and vegetable equipment solutions. Headquartered in Eindhoven, the Netherlands, […]