Mondelēz to invest US$2bn in acquisition of European baked goods firm Chipita

GREECE – Mondelēz International, an American multinational confectionery and snack food company,  has agreed to acquire Chipita, a manufacturer of croissants and baked snacks in central and eastern Europe, for $2 billion. Based in Athens, Greece, Chipita manufactures a range of croissants and baked snacks – including cakes, biscuits and spreads – under its brands 7Days, Chipicao and Fineti. The company’s baked foods are produced in 13 manufacturing plants spread across Europe and distributed to more than 56countries. The Netherlands, Greece, Germany, Bulgaria, Austria, United Kingdom, Poland, Russia, Romania, Turkey,…

Read More

Nestlé launches new on-site coffee roasting solution ‘Roastelier’

SWITZERLAND – Nestlé has launched the ‘Roastelier’, a compact coffee-roasting solution that the food and beverage company said will allow baristas to unlock and simplify the art of roasting in the shop. Nestle said that the new Roastelier will allow baristas to provide an authentic and complete coffee experience, including roasting, allowing for ultimate freshness. According to the company, the Roastelier solution includes a range of top grade arabica coffees sourced from select coffee growing regions around the world. Nestle claims that these coffees are carefully assessed for many quality…

Read More

Orkla Food to buy majority stake in Greek ingredients firm Kanakis

EUROPE – Orkla, through its fully owned subsidiary Orkla Food Ingredients AS has agreed to purchase a majority stake in Stelios Kanakis, a leading supplier of confectionery, bakery and ice cream ingredients in Greece. Orkla has acquired approximately 65.8% stake in the ingredients firm from Stelios and Maria Kanakis at a purchase price per share of EUR 4.35 (US$4.89). Completion of the share purchase agreement and the tender offer are subject to Orkla acquiring 4.18% of the shares in Kanakis from minority shareholders, according to the parties. Kanakis is listed…

Read More