AB InBev’s ZX Ventures acquires UK-based spirits company Atom Group

UK - AB InBev’s incubator, operator, and venture capital team ZX Ventures has acquired Atom Group, a company brand of spirits based in the UK for an undisclosed sum. Atom Group is a drinks company that encompasses production of spirits under the Atom Brands and importation, distribution and brand development via Maverick Drinks; to global…

United Caps acquires closure manufacturer Embalatap to expand portfolio

SPAIN - United Caps Luxembourg S.A., designer and producer of plastic caps and closures has acquired the Spanish manufacturer of closures, Embalatap for an undisclosed sum. United Caps said the acquisition expands its product portfolio especially the edible oil category since it relates to closures used in the Southern European market. The acquisition will not…

Premium Brands acquires meat snacks producer Oberto Brands

USA - Premium Brands Holdings has announced the acquisition of the North American brand and manufacturer of beef jerkey and other protein based snack foods, Oberto. The purchase encompasses all of the assets and operating divisions of Seattle based Oberto Sausage company, and the transaction expected to close within the next four to six weeks.…

Zambeef completes majority stake sale of Zampalm to IDC

ZAMBIA - Zambeef Products Plc has announced that it has completed the sale of its majority stake in its wholly owned subsidiary and oil producer, Zampalm Ltd to the Industrial Development Corporation of Zambia Limited (IDC) for US$16 million in cash. Zampalm Ltd was incorporated in 2009, has some 409,506 palms planted on its plantation, supplies…

Lesaffre announces the acquisition of Tunisia’s Rayen Food Industries

TUNISIA – Lesaffre, a French yeast manufacturer and the world's largest producer, has announced the acquisition of a majority shareholding in the company Rayen Food Industries in Tunisia. Rayen Food Industries is the largest production plant of baker’s yeast in Tunisia. This acquisition is in line with Lesaffre’s goal of strengthening its presence on the…

Fonterra partners with Apollo Foods in new technology to boost beverage market

NEW ZEALAND - Fonterra and Apollo Foods, an innovative start-up company have partnered to launch a new technology capable of running dairy and fruit beverages to boost the beverage industry in New Zealand. They have collaborated to install an innovative beverage filling technology that allows production of different containers on site and fill them with…

Walmart nears close of majority stake deal in India’s Flipkart

USA - Walmart, the American multinational retail corporation is likely to close a deal to acquire majority stake in the Indian ecommerce company, Flipkart by June in what ET Retail reports could be the biggest acquisition of an online business by the retailer. Walmart is stepping up its online business against Amazon, which Bloomberg reports…

McCain Foods completes its investment in the Canadian TruLeaf business

CANADA - McCain Foods Limited, a global leader in appetizers and snacks, has completed a strategic investment in TruLeaf Sustainable Agriculture, a highly innovative Canadian agricultural technology company. TruLeaf has developed proprietary indoor vertical farming technology to grow fresh and nutritious leafy greens of high quality and flavour, in an environmentally sustainable way, 365 days…

Packaging specialist Bowler Metcalf sales its 41.38% stake in SoftBev

SOUTH AFRICA - Bowler Metcalf, manufacturer and seller of plastics and plastic moldings has completed the sale of its 41.38% stake in SoftBev, a company engaged in the production, bottling, and marketing non-alcoholic beverage products in South Africa. Upon the approval of the sale, Bowler’s share price finished 12.2% stronger at US$0.84 and that the…

Bayer-Monsanto bid gets another nod from US Justice Department

USA - Bayer, the German multinational’s US$60 billion bid to acquire Monsanto has received an approval from the US Justice Department after both the companies made divestments to meet anti-trust requirements. The deal between the two forms one of the largest integrated pesticides and seeds company, a sector that has seen robust growth, coupled with…