USA - The Netherlands IMCD N.V., a leading distributor of specialty chemicals and food ingredients, has announced that it signed an agreement to acquire 100% of the outstanding shares of E.T. Horn Company (HORN). According to the company, HORN is an excellent fit with IMCD’s US activities and supports the strategy of offering to its…
SOUTH AFRICA - Clover Industries Limited, the branded foods and beverages group has partnered with the South Africa’s functional food company FUTURELIFE to introduce Smart Drink, a nutritional dairy product to add to its portfolio of functional drinks. SMART DRINK is an enriched drink made of dairy and a combination of specialized starches (non-GMO), to…
USA - US brewer Molson Coors has expanded its portfolio of soft drink brands with the acquisition of California-based Clearly Kombucha from Top Shelf Beverages for an undisclosed sum. Kombucha is one of the fastest-growing segments of the packaged soft drinks market, and Molson Coors stated that projections estimate that the category will grow more…
SWITZERLAND - Givaudan has completed the acquisition of 40.5% stake in Naturex, a French manufacturer of natural specialty ingredients for the food industry for US$648m. As announced in March this year, Givaudan has confirmed the intention to launch a mandatory cash tender offer for all remaining outstanding shares of Naturex, at a price of US$168…
SWITZERLAND - Firmenich SA, the Swiss fragrance and flavors company has entered into a strategic partnership with Nelixia, the Guatemala based producer and exporter of essential oils to expand their natural ingredients reach in Central America. Firmenich is investing in Nelixia significantly expanding its raw materials portfolio as well as accelerating its potential in natural…
UK – Arla Foods, a global dairy company and co-operative, has signed a strategic partnership with Starbucks, a successful business partnership that allows Arla Foods to manufacture, distribute and market Starbucks premium milk-based ready-to-drink (RTD) coffee beverages for the EMEA region (Europe, Middle East and Africa.) According to the company, the two companies have signed…
INDIA - Hindustan Unilever Ltd (HUL), the Indian subsidiary of Unilever N.V has announced that it will combine its foods and refreshments businesses effective July in order to advance growth in line with global category structure of the parent company Unilever. The combined food and refreshment segment will be headed by Sudhir Sitapati, currently the…
USA - Tyson Foods, Inc., an American multinational corporation, has become one of the nation’s leading producers of organic branded chicken through its acquisition of Tecumseh Poultry LLC. According to the company, the acquisition includes the purchase of the air-chilled Smart Chicken brand, although the terms of the deal remain undisclosed. Tecumseh Poultry was founded…
USA - The Dutch food and biochemical company Corbion N.V has announced it has completed the acquisition of Bunge’s stake in the Orindiúva, Brazil based SB Renewable Oils JV. This involves a 49.9% stake held by Bunge in the joint venture which specialises in the production of algae ingredients, such as Omega 3 rich oil,…
GERMANY - Bayer, the multinational, pharmaceutical and life sciences company has said that it plans to drop the ‘Monsanto’ brand name as it looks forward to completing the acquisition of the US seeds giant on Thursday this week. The US$63 billion acquisition of Monsanto will form the world’s largest giant in chemical and biological crop…
