Tag: Italy

Coca-Cola HBC expands coffee chain portfolio with acquisition of minority stake in Caffè Vergnano

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ITALY – Swiss-based Coca-Cola anchor bottler Coca-Cola HBC has completed the acquisition of a 30% equity shareholding in premium Italian coffee company Casa del Caffè Vergnano, further expanding its presence in the coffee chain space.    Caffè Vergnano is one of the oldest coffee roasters in Italy with a premium, high-quality coffee that represents Italian heritage and authenticity.   The coffee chain’s portfolio includes traditional espresso in various blends, packages, and formats such as beans, roast, and ground coffee and single portioned pods.   According to a statement from Coca-Cola HBC,  the company sold approx. 7,000 tons of coffee in more than 90…

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Unionplus inaugrates new dairy production plant, BelGioioso to acquire Italian cheese producer Polly-O

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ITALY – Italian dairy company Unionplus Srl, a part of the Podini Group SpA in Bolzano, has inaugurated  its new production plant in Nogarole Rocca in the province of Verona.   According to company CEO Stefano Podini, the new facility will play an important role in the Podini Group’s project to expand, complete, and give continuity to the offer of raw materials of functional products to the Italian food industry.   He further noted that the new project represents his company’s courage and tenacity in business amid the enormous economic and political headwinds that have rocked the world during the pandemic period.…

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Italy’s Newlat Food to expand presence in UK with acquisition of branded meal and snack maker Symington

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UK – Italian food company Newlat Food has agreed to purchase UK-based branded meal and snack manufacturer, Symington’s Group in an effort to consolidate its presence in the region.  Founded in 1827, Symington’s operates three production plants and one distribution centre across northern England  The company supplies branded and own-label foods including soups under the Mug Shot brand, Twistd couscous and rice-based meals, and Ragu pasta sauces.  Other brands in Symington’s portfolio include Naked instant noodles, The Hungry Elephant meal kits, and Chicken Tonight sauces – which are sold mainly in the UK, US and Australia.  The acquisition for a total consideration of £53 million (US$63 million) will see Newlat Food utilise Symington’s UK-wide distribution platform…

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Apollo to buy 67% stake in Italian packaging firm Reno De Medici for US$430m

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ITALY –  Apollo Global Management, a US-based investment fund, has agreed to acquire a 67% ownership stake in Reno De Medici (RDM) from its two principal shareholders, Cascades and Caisse de dépot et placement du Québec.   Apollo which made the acquisition for about US$430 million plans to launch a mandatory tender offer for the remaining shares, with the aim of delisting RDM.  RDM produces and distributes cardboard made from recycled fibers, which is mainly used for packaging and folding cartons in all product sectors including food.  The company recently purchased mills in Spain and entered into an agreement…

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Coca-Cola HBC to expand product offering in new deal with Italian coffee firm Caffè Vergnano

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ITALY – Coca-Cola HBC also known as Coca-Cola Hellenic Bottling Company has agreed to acquire a 30% minority stake in Italian coffee company, Casa Del Caffè Vergnano, for an undisclosed sum.  Headquartered in Santena, Caffè Vergnano is described as one of the oldest coffee roasters in Italy with roots dating back to 1882.  Caffè Vergnano’s boasts of a range of diverse products including traditional espresso in various blends, packages, and formats such as beans, roast, and ground coffee and single portioned pods.  In 2020, Caffè Vergnano reportedly sold approximately 7,000 tons of coffee in more than 90 countries worldwide.  CC Beverages Holdings II…

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Barilla launches global food startups accelerator as Uncle Nearest invests in minority-owned spirit brands

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ITALY — World’s largest pasta producer Barilla through its venture group BLU1877 has partnered with KitchenTown, a San Francisco-based incubator launch the fourth Good Food Makers global accelerator for food startups. According to a statement from the leading past producer, startups seeking to join the accelerator program will be required to have solutions for four specific challenges affecting food production today. The challenges include promoting a circular economy, improving food delivery, developing digital nutrition guides and creating easy meal routines. The circular economy challenge focuses on solutions to upcycle three…

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

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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

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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

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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

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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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