Africa's Number 1 Food, Beverage & Milling Industry Website
–
IRELAND – American chocolate manufacturer, The Hershey Company has announced a minority investment in Irish protein bar manufacturer Fulfil to expand its business in Europe. Fulfil Holdings, which was founded in 2016, is a one […]
JAPAN – Kirin Holdings, Japan’s second-largest brewer says that it will spend US$1.22 billion (129.3 billion yen) to purchase a 30.3% stake in cosmetics and health food maker Fancl. The investment is part of Kirin’s strategy of […]
RUSSIA — Russian state-controlled bank VTB has revealed that it has completed the purchase of a 70% stake in Russian grain trader Mirogroup, the Reuters reports. The transaction expands the lender’s diversification into the grain […]
IRELAND – Irish food group, Valeo Foods is in exclusive talks with Campbell Soup to buy the company’s Kettle Foods business in UK and Ireland for about US$60million (€54 million). Earlier this year, Campbell hired […]
JAPAN – Nagase Group, a Japanese chemical trading firm has completed the acquisition of US based food ingredient manufacturer and distributor, Prinova Group. The acquisition of Prinova, which has 15 distribution centres around the world, […]
USA – Constellation Brands has entered into an agreement to sell Black Velvet Canadian Whisky to US distilled spirits supplier Heaven Hill Brands for approximately US$266 million. The transaction, which is subject to regulatory approvals, […]
ITALY – Illycaffè, Italian coffee company has acquired the UK’s Illy division distribution business from Euro Food Brands, and will now directly manage its UK distribution operations. The acquisition includes the complete transfer of business, […]
SOUTH AFRICA – Private equity firm Actis has acquired 37.02% stake in South Africa’s owner of the Denny Mushrooms brand Libstar Holdings held by Abraaj Private Equity Fund IV (APEF IV). Last month APEF IV, […]
UGANDA – The government is set to invest US$6.24 million (UGX23 billon) in Mabale tea factory to revive operations of the company. According to Finance Minister, Matia Kasaija the government will invest the proceeds in […]
SOUTH AFRICA – Libstar Holdings, a South African consumer goods company has announced that it has entered into a binding agreement to sell its non-core dairy-blend and fruit concentrate beverage operations, for an undisclosed amount. […]