Unilever partners with Ioniqa & Indorama in new PET recycling technology

NETHERLANDS - Unilever has partnered with Ioniqa, a high-tech chemical company and producer of PET resin Indorama Ventures to develop a technology that would allow recycling of plastic waste into virgin grade material for the food industry. The technology, pioneered by Ioniqa, is able to convert any PET waste - including coloured packs back into…

JM Smucker to acquire Ainsworth Pet Nutrition for US$1.9 billion

USA - JM Smucker has announced the acquisition of Ainsworth Pet Nutrition for US$1.9 billion plus an estimated tax benefit of US$200 million and considers a divestiture of its US baking business including brands like Pillsbury and Martha White. The acquisition aims at strengthening the company’s pet food portfolio to drive growth and expand its…

Kerry Group acquires Spanish marinades producer Hasenosa

IRELAND - Kerry Group, an Irish food and nutrition company has acquired Spanish food firm Hasenosa, a Spain company which produces specialty flours, batters and tempuras for an undisclosed sum. The company, whose brands include Charleville, Denny and Cheesestrings, said the acquisition would complement its globally-focused taste and nutrition business. The Galicia-based firm is a…

Azelis inks distribution deal with biopolymers supplier, CP Kelco

INDONESIA - Azelis, specialty ingredients distributor and supplier has partnered with CP Kelco,  a leading hydrocolloids producer to enhance accessibility of its diverse range of products and innovative services including carrageenan, pectin, gellan gum and xanthan gum products in Indonesia. The partnership strengthens existing agreements between the two companies in Europe, Middle East and Africa…

Competition authority approves Saputo’s acquisition deal of Murray Goulburn

AUSTRALIA - The Australian Competition and Consumer Commission has approved Saputo’s acquisition deal of Murray Goulburn and after it agreed to sell its Koroit plant within a specified period to an ACCC approved buyer. MG’s Koroit plant was the only hurdle the ACCC identified in the US$1.3 billion deal announced last October at the MG…

Danish Crown acquires majority stake in Chinese casings producer

CHINA - Danish Crown, through its subsidiary DAT-Schaub has acquired majority stake in Shanghai Natural Casing Company as it seeks to increase its activities in China in processing natural casings for sausage and salami production. This expands the capacity of DAT-Schaub in becoming a global leader in the selecting and processing of natural casings from…

Tyson Foods considers sale of pizza crust business

USA - Tyson Foods, the American multinational corporation has announced that it was exploring the sale of its pizza crust business (TNT Crust), while it shifts focus on its core protein business. The company is capitalizing on demand for protein after it reported a 1755 surge in net income for the quarter ended 30, December…

Danone completes US$1.6bn sale of 14% stake in Yakult

FRANCE - Danone has announced that it has completed the US$1.6 billion sale of its 14% stake in the Japanese dairy manufacturer, Yakult after signing a MoU to strengthen probiotic collaboration. In an announcement it made on February 14 2018, Danone said it has sold 24,600,000 shares of Yakult Honsha Co. in a transaction that…

SE Asia’s giant food delivery GrabFood acquires Uber in largest-ever deal

INDONESIA – GrabFood, South East Asia’s giant food delivery service has completed the acquisition of the business of rival Uber Technologies, the largest-ever deal of its kind in the region. This deal will not only make the Singapore firm a dominant player in the region’s ride-hailing market but will also make GrabFood one of the biggest food…

Givaudan acquires 40.6% of the shares in Naturex for US$648m

SWITZERLAND - Givaudan has announced that it has entered into an agreement to acquire 40.6% of the shares of Naturex, a French public listed company, for US$168 per share and a total consideration of US$648 million. According to the company, this agreement is part of its 2020 strategy to strengthen its capabilities in natural flavour…