Bunge offloads grain terminal in Russia as biscuit maker Lotus achieves full control of Italian joint venture

EUROPE – Bunge, one of the largest agricultural commodities trading companies in the world, has sold its Rostov grain terminal in southern Russia for an undisclosed sum, according to a report by Reuters. The news comes as Belgium-headquartered biscuit maker Lotus is consolidating its presence in Italy by achieving the full ownership of its marketing joint venture, Lotus Bakeries Italia. Following the acquisition, Lotus Bakeries Italia will now focus exclusively on marketing Lotus Bakeries brands in the country. “With the acquisition of full control over our entity in Italy, we’re…

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Grocery platforms Getir, Everli to expand operations after successful funding rounds

EUROPE – Europe-focused grocery platforms Getir and Everly have successfully completed their respective funding rounds, as they look to expand their operations and enter new markets. Getir completed a US$300 million Series C funding round which was led by Sequoia Capital and repeat investor Tiger Global. According to a statement from the company, the funds will be used to support its growth in Turkey and the UK.  Istanbul-based Getir entered the UK market in January this year, launching in parts of central London. The technology company offers a ten-minute grocery…

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Italian household appliance company De’ Longhi to acquire maker of NutriBullet and Magic Bullet for US$420m

ITALY – Italian household appliance company De’ Longhi has agreed to buy California-based domestic appliances group Capital Brands Holdings for approximately US$420 million. Founded in 2003 and headquartered in Los Angeles, Capital Brands is a leader in the personal blenders segment with its Nutribullet and Magic Bullet brands being the most popular among consumers. The company sells domestic appliances with a focus on wellness nutrition to households in over 100 markets worldwide. It forecasts net revenue of around US$290 million for year 2020, ahead of last year sales. Commenting on…

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US manufacturing group Trimas to acquire Italian Caps and Closers maker Affaba & Ferrari

ITALY – US manufacturing group Trimas has acquired Affaba & Ferrari designs, an Italian designer and manufacturer of precision caps and closures for the food and beverage industry. The deal – which was made for an undisclosed sum –marks TriMas’ fourth acquisition in the packaging sector since 2019, as it aims to grow the platform. Founded in 1949, Affaba & Ferrari designs, develops and manufactures proprietary, precision caps and closures with intellectual property protection for customers throughout Europe. Its product offering includes aseptic caps for juices, dairy products and sport…

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Granalo divests its Pandea baked goods unit to focus on dairy market

ITALY – Italian dairy company Granarolo has sold its Pandea baked goods unit to local bread maker Morato Pane, in an effort to refocus on the Italian dairy market. Pandea, which has operated in Parma since 1946, was acquired by Granarolo through a bankruptcy auction in 2016. It specialises in the production and sale of baked goods and gluten-free products. The unit recorded turnover of €12m in 2019, of which over €10m came from exports, specifically in France and the UK. “This operation is part of the new business plan,…

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Italian coffee equipment maker launches a new S60 professional coffee machines

ITALY – La Cimbali, an Italian manufacturer of professional espresso and cappuccino equipment, has launched the new S60, a fully-automatic model which can reportedly produce 600 cups of a coffee a day, expanding its S series of professional coffee machines. According to La Cimbali, the S60 model is designed for high footfall areas where speed of service and quality are critical, such as city centre restaurants and travel hubs such as airports and train stations. The Cimbali S60 superautomatic features new barista tools to enhance the user experience for staff.…

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Zerica launches contactless buttons for its Kolumna water dispenser

ITALY – Zerica, a water dispenser manufacturer, has introduced contactless ‘hover’ buttons for its newly launched Kolumna water dispenser, which allow users to select a drink without making physical contact with the buttons. The Kolumna unit is able to dispense filtered chilled, ambient or sparkling water. To use the buttons and select a drink, consumers need to hover a finger over the button which corresponds to their drink of choice. Zerica also announced that the touch-free buttons will be available on several of its water dispenser models, adding to the…

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Chocolate processing machine maker Sacmi acquires packaging machine manufacturer Pack Sud

ITALY – Sacmi, international manufacturer of machines has acquired a 60% stake in Pack Sud, a manufacturer of food packaging and wrapping machines, with a view to expanding its ownership to 100% in coming years. According to Sacmi, the aim of the acquisition is to expand its Packaging & Chocolate division’s machine product range and to strengthen its skills, as well as its marketing know-how. Under the deal, the Pack Sud management team will remain in charge. The financial terms have not been disclosed. “The Pack Sud takeover represents a further step in…

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Campari acquires stake in alcoholic beverage e-commerce platform Tannico

ITALY – Campari Group has signed an agreement with Tannico S.p.A., an Italian e-commerce platform for wines and premium spirits to acquire a 49% stake in the retailer in a transaction valued at €23.4 million, enhancing the spirits company’s digital capabilities. Under the agreement, the Milan-headquartered beverage company will acquire 39% of the share capital of Tannico and that of subscribes to a reserved capital increase to reach a total of 49% shareholding in the firm. Tannico was founded in 2013 and has emerged as one of the market leader…

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Yum China forms joint venture with Italy’s Lavazza to launch coffee shop concept

CHINA – The KFC, Pizza Hut and Taco Bell operator in mainland China, Yum China Holdings and Italian coffee company, Lavazza Group have entered into a joint venture, to explore and develop the Lavazza coffee shop concept in China. As the first step, the companies will set up a new Lavazza Flagship Store in the Jing’an district of Shanghai, China as Lavazza’s first coffee shop outside of Italy. The partnership will leverage Lavazza’s premium and authentic Italian coffee experience and Yum China’s in-depth knowledge of the market and the needs…

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