Bio-Corn Products to lose processing facilities amid mounting financial woes

KENYA – Bio-Corn Products limited, a subsidiary of Nairobi-based manufacturing firm ISONS Group, will lose its multimillion-shilling processing plant to auctioneers after it defaulted on a loan owed to a local lender. In a notice, […]

Tiger Brands to dispose its meat processing unit amid struggles to lift performance

SOUTH AFRICA – Tiger Brands, a South African packaged food company is exploring the sale of its processed meats business, which was temporarily closed last year following the world’s largest ever listeria outbreak that has […]

Taste Holdings sell Starbucks South Africa stores seeking to exit food business

SOUTH AFRICA – Taste Holdings, licensed operator of Starbucks and Domino’s Pizza in South Africa has sold13 stores of its coffee chain to a consortium, K2019548958 (South Africa) Proprietary Limited, for 7 million rand (US$464,000) […]

Spur set for share buy back from GPI and Treasury

SOUTH AFRICA – Grand Parade Investments (GPI), a South African restaurant and gaming group has entered into agreement with Spur Corporation to sell its 10% stake, back to the steakhouse company reducing its shareholding from […]

Tate & Lyle sells Swedish oat ingredients business to Lantmännen

SWEDEN – Global food and ingredients supplier, Tate & Lyle has announced that it has sold its oat ingredients business, based in Kimstad, Sweden, to Swedish agricultural cooperative Lantmännen. Lantmännen has acquired Tate & Lyle’s […]

Campbell Soup sells refrigerated salsa brand Garden Fresh Gourmet

USA – Campbell Soup has announced that it has reached a definitive agreement to sell its branded refrigerated salsa brand, Garden Fresh Gourmet to an affiliate of Fountain of Health USA for an undisclosed sum. […]

Premier Foods abandons plan to sell Ambrosia custard unit

UK – British food manufacturer has dropped plans to offload its Ambrosia brand which includes rice pudding and custards, which it had planned to sell for a consideration of about US$129 million. The company which […]

Emmi sells trading and supply arm Frisch-Service to Transgourmet Group

SWITZERLAND – The Swiss dairy processor, Emmi has agreed to sell its trading and supply company Emmi Frisch-Service AG to Transgourmet Group, Europe’s second-largest cash & carry and wholesale company for undisclosed sum. According to […]

Louis Dreyfus to exit dairy business as part of strategic focus

NETHERLANDS – The global agri-merchant firm, Louis Dreyfus Company B.V. has announced decision to exit its dairy business by mid-2019 as part of strategy to focus on core business operations. As one of the leaders […]

Arla Foods sells German cheese factory to Belgian packer Vache Bleue

GERMANY – The Danish dairy producer, Arla Foods has sold its German cheese production site in Bad Worishofen, Bavaria to Vache Bleue, a Belgian seller, distributor and packer of cheese. As part of the sale, […]