Foodpanda enters the cloud kitchen with Holachef acquisition

INDIA - The Ola-owned online food delivery network, Foodpanda has acquired Mumbai’s food delivery service Holachef for an undisclosed sum, making an entry into cloud kitchen business. According to Inc42, Foodpanda will take over Holachef’s business including its kitchens, equipment, as well as bring onboard the company’s employees as well as cofounders. "At Foodpanda, we…

Hearthside Food Solutions signs agreement to acquire Greencore USA

USA - Hearthside Food Solutions, a leading contract manufacturer, has announced the signing of a definitive agreement to acquire Greencore USA, a leader in frozen contract packaging and a top producer of refrigerated, fresh-made sandwiches, entrees, and salad kits. According to the company, the transaction marks a significant step in the further growth and development…

Delivery startup DailyNinja acquires WakeupBasket, eyes 20k daily orders in 6 months

INDIA - Daily milk and grocery delivery startup has acquired WakeupBasket in a cash and equity deal to help its expansion outside Bengaluru, targeting 20,000 daily orders in the next six months, reports Inc42. The Hyderabad based WakeupBasket was founded 2015 by Satendra Pratap along with Sai Varaprasad and it claims 2,500 daily orders in…

Duni acquires a 75% majority stake in BioPak for US$46.12m

EUROPE – Duni, a leading supplier of innovative table-setting concepts and packaging solutions, has acquired 75% of BioPak Pty Ltd from entrepreneurs Gary Smith and Richard Fine. BioPak is a leading supplier of sustainable disposable packaging for the food service industry in Australia and New Zealand with an approximate annual turnover of US$43.31 million. According…

Chr. Hansen acquires Austria-based ingredient supplier Hundsbichler

AUSTRIA – Chr. Hansen, a global bioscience company, has acquired the assets of Austrian-based ingredient supplier Österreichische Laberzeugung Hundsbichler GmbH. According to Chr. Hansen, the acquisition will make it further expand its enzyme production and presence into the traditional segments of specialty cheeses. Hundsbichler products are widely recognized for high quality, and this acquisition will…

AB InBev partners Accenture to boost sales and distribution in Africa

AFRICA - The world’s largest brewer, AB InBev has entered into an agreement with a leading global professional services company, Accenture to boost its sales and distribution operations on the continent, reports MarketWatch. The three-year contract will see the implementation of the Accenture NewsPage Distributor Management System (DMS), a distributor management and sales force automation…

Cal-Maine Foods announces definitive agreement to acquire Featherland Egg Farms

USA – Cal-Maine Foods, a fresh egg producer, has announced that it has reached a definitive agreement to acquire substantially all of the assets of Featherland Egg Farms, Inc., relating to its commercial shell egg production, processing, distribution and sale business. According to the company, the assets to be acquired, subject to the completion of…

Dixie Vodka partners with Savannah Bee Company to launch honey-flavoured vodka

USA - Dixie Vodka, an all-American craft vodka, has announced its most recent flavor innovation in a regional collaboration with Savannah Bee Company: Dixie Wildflower Honey Vodka. According to the company, its newest product uses SBC's Georgia Wildflower Honey infused in Dixie's award-winning Dixie Southern Vodka, 6x distilled from non-GMO corn. The result is a…

PepsiCo and Loop Industries sign multi-year supply agreement for Loop-branded 100% sustainable plastics

USA - Loop Industries, Inc., a leading technology innovator in sustainable plastic and PepsiCo, Inc. have announced a multi-year supply agreement that will enable PepsiCo to purchase production capacity from Loop’s joint venture facility in the United States. According to the company, it will also incorporate Loop PET plastic, which is 100% recycled material, into…

Dairy company Bega Cheese takes 11.2% stake in honey producer Capilano Honey

AUSTRALIA - Bega Cheese, an Australian dairy company, has increased its stake from 8.39% to 11.2% shareholding in honey producer company Capilano Honey. According to Weekly Times, the company began buying small parcels of shares at about US$16 apiece from May to August 13, when Capilano announced it was entering into a scheme implementation arrangement…