Africa's Number 1 Food, Beverage & Milling Industry Website
USA - Niacet Corp., a leader in organic salts of acetic and propionic acids has acquired Jungbunzlauer’s sodium diacetate business, to focus their portfolio on materials produced by fermentation from renewable raw materials. According to FoodingredientsFirst, Niacet currently services its customers through facilities in Tiel, the Netherlands and its corporate headquarters in Niagara Falls, NY, US.…
USA - Kerry, the global taste & nutrition and consumer foods group, has announced it has reached agreement to acquire Fleischmann’s Vinegar Company Inc and AATCO Food Industries LLC. According to the company, these acquisitions further expand the Group’s foundational technology portfolio, as well as strengthening its foodservice and developing markets positioning, in line with…
INDIA – Zydus Wellness, a subsidiary of Cadila Healthcare, fourth largest pharmaceutical group in India will acquire the consumer brand business of Kraft Heinz in India for US$628 million. The transaction which is expected to close in Q4 FY 19 include children’s milk brand Complan, Glucon D, Nycil and Sampriti Ghee. An Economic Times report reveals…
SOUTH AFRICA - The South African state owned entity, Public Investment Corp. and black-owned investment firm Pelo Agricultural Ventures have acquired a majority stake in Karan Beef, which operates the largest cattle feedlot and abattoir on the continent, reports IOL Business. According to Pelo Agricultural Ventures CEO, Aobakwe Kukama, Pelo will work with Karan’s existing…
USA - Gabriella's Kitchen Inc., an innovative and leading-edge cannabis wellness company, has entered into a binding agreement to acquire all of the shares of Sonoma Pacific Distribution. Sonoma is California's premier independently owned cannabis distribution and marketing company, with a distribution license for the State of California, issued by the Bureau of Cannabis Control.…
USA - Döhler Group, global producer, marketer and provider of technology-based natural ingredients, has acquired a majority stake in Nutrafood S.r.l., an ingredients company. According to the company, the transaction further complements Döhler’s range in the area of plant-based food and beverages. It currently provides its customers with solutions from smoothies to spoonables to beverages…
CHINA - UK-based powdered food producer Huel, has partnered with JD.com, Chinese e-commerce platform to sell its powdered food range in China as it aims to take advantage of Chinese consumers’ demand for imported foods. Huel offers consumers a range of “nutritionally complete” foods which are said to contain the recommended balance of protein, carbs,…
GERMANY - Dr. Oetker, a German multinational company, has agreed to acquire a 60% majority stake in Belvini.de GmbH, one of the largest online wine traders operating in the German-speaking region. According to Dr. Oetker, it claims that Belvini’s portfolio of over 13,500 products from 800 importers and wineries from over 30 countries is the…
USA - Roquette, a global leader in plant-based ingredients for Food, Nutrition and Health markets and a pioneer in new vegetal proteins, and Equinom Ltd., an innovative Israel based breeding technology company, have signed a partnership agreement for the development and sourcing of new pea varieties with high-protein content. According to the company, this is…
CANADA – HelloFresh, an international publicly traded meal-kit company, has bought Canadian meal kit brand Chefs Plate as it seeks to serve the widest product variety in the industry to Canadian consumers. According to the Germany-headquartered HelloFresh, it has combined with its local branch, the newly formed entity under the HelloFresh umbrella will target revenues…