Heineken buys majority stake in Spanish craft brewer La Cibeles

EUROPE – The Dutch brewing company, Heineken has acquired a 51% majority stake in Cervezas La Cibeles, a Spanish microbrewery for an undisclosed amount. With the transaction, Heineken aims to boost the brand’s distribution and export capacity. Based in Madrid, Cervezas La Cibeles is a microbrewery producing small range of artisan beer, with an annual…

FrieslandCampina acquires US cheese distributor Jana Foods

USA – Global dairy company, FrieslandCampina has announced that it has acquired US based importer and distributor of cheese, Jana Foods for an undisclosed amount. The acquisition builds the already existing relationship between FrieslandCampina and Jana Foods and further strengthens the former’s position in supplying Dutch specialty cheese to the US consumer. Jana Foods imports…

GrainCorp receives US$2.4b buyout offer from Long-Term Asset Partners

AUSTRALIA – GrainCorp, Australia’s leading grain and commodities trading company has received a US$2.4 billion buyout offer from Long-Term Asset Partners Pty Ltd (LTAP). The indicative offer involves control of 100% of the shares in GrainCorp for cash consideration of US$10.42 per share. According to GrainCorp Board, the proposal is subject to a number of…

Lactalis increases stake in Italian dairy Parmalat to 95.81%

ITALY – French dairy products corporation, Lactalis has increased its stake in the Italian dairy and food counterpart to 95.81% with the transaction expected to complete December 5, 2018. The company is also planning to delist Parmalat ordinary shares from the Italian Stock Exchange and take the company private. Lactalis, which previously owned 89.63% stake…

RiceBran completes acquisition of Golden Ridge for US$7.8 million

USA - Specialty ingredient company, RiceBran Technologies has announced that it has completed the acquisition of the assets and operations of Golden Ridge Rice Mills at a consideration of approximately US$7.8 million. The transaction also includes Golden Ridge’s milling and rice bran stabilization facility in Wynne, Arkansas, U.S. The Company expects Golden Ridge to add…

Unilever to acquire Horlicks and GSK’s nutrition business for US$3.8b

INDIA – The global consumer goods leader, Unilever has agreed to acquire malted drinks brand, Horlicks and other GlaxoSmithKline’s Indian consumer healthcare products in a transaction worth US$3.8 billion (3.3 billion Euros). The transaction will also see Hindustan Unilever (HUL), Unilever’s operating arm and India’s largest consumer goods company merge its operations with GlaxoSmithKline Consumer…

Cargill acquires Colombian poultry products producer Campollo

USA – The global agribusiness company, Cargill has acquired Colombia’s leading chicken and protein products producer Campollo for an undisclosed amount to expand its global poultry business. Campollo which has a strong footprint in Colombia through its products and 20-year presence, will expand Cargill’s business in Latin America that is in Colombia, Costa Rica, Guatemala,…

Kraft Heinz acquires US condiments firm Primal Nutrition for US$200m

USA – Kraft Heinz has announced that it has agreed to acquire the US based condiments, sauces and dressings firm, Primal Nutrition, LLC for approximately US$200 million. Primal Kitchen will join Kraft Heinz under Springboard, which is Kraft Heinz’s dynamic platform created to partner with founders and brands that will disrupt the food industry. For…

Unilever may top Nestle in US$3.4b cash bid for GSK nutrition business

INDIA – The British consumer goods giant, Unilever may walk away with the Glaxo SmithKline’s nutrition business with a US$3.4 billion all-cash offer for a 72.5% stake, according to a person with direct knowledge of the matter identified with Financial Times (FT). GSK has also confirmed that consideration is being given to a potential transaction…

Nestle nearing deal to acquire GSK’s consumer healthcare business in India

INDIA – The Swiss transnational food and drink company, Nestle SA is said to have tipped Unilever, another serious bidder in the race for GSK Consumer Healthcare business in India, ET Retail reports citing sources familiar with the matter. The deal which highlights popular malt food drink brand Horlicks, will see Nestle strike the biggest…