Coca-Cola Amatil acquires minority stake in restaurant tech start-up Tabsquare

AUSTRALIA - Cola Amatil has announced it has taken a minority stake in Singapore-based restaurant tech start-up, TabSquare via its corporate venturing platform, Amatil X. According to the company, TabSquare provides artificial intelligence [AI]-powered smart in-restaurant solutions to improve the restaurant experience for diners and improve operational efficiency for restaurant owners. It is the second…

Nestle Malaysia to sell chilled dairy business to Lactalis for US$40m

MALASYIA - Lactalis, the world’s largest dairy firm, haS agreed to buy the chilled dairy business of Nestle in Malaysia, which generates revenues of US$24 million, in a deal worth around US$40 million. According Reuters, the deal is expected to take effect next January, following the earlier acquisition by Lactalis of the Stonyfield organic yoghurt…

IFF successfully completes Frutarom acquisition to become a global leader in fragrances

USA - International Flavors & Fragrances Inc., an American corporation producing flavors and fragrances, has announced it has completed its acquisition of Frutarom, and is now a global leader in taste, scent and nutrition. According to the company, it anticipates the combination with Frutarom will translate into accelerated financial performance, with robust top and bottom-line…

Lakeland Dairies and LacPatrick Dairies merge to improve production and cross border exports

IRELAND - Lakeland Dairies, an Irish dairy co-operative, and LacPatrick Dairies have reached agreement to merge following the unanimous approval of the Boards of both co-operative societies who are recommending the proposed merger to their respective shareholders. According to Lakeland Dairies, exclusive discussions about a possible merger started last June and have reached a positive…

Coca Cola Co and Coca Cola Amatil to buy 45% stake in beverage business Made Group

AUSTRALIA - Australia's first kombucha maker, The Coca-Cola Co and its local bottler Coca-Cola Amatil have agreed to buy a 45% stake in Melbourne-based beverages business Made Group. Made owns popular beverage brands including Cocobella coconut water and coconut yoghurt, Rokeby Farms high-protein smoothies and yoghurt, Impressed cold-pressed juices and almond milk, and vitamin enhanced…

Maple Leaf Foods to acquire Canadian VIAU Foods for US$215m

ITALY - Maple Leaf Foods Inc., a Canadian consumer packaged meats company, announced that it has signed a definitive agreement to acquire VIAU Foods, a Canadian market leader in premium Italian cooked, dry-cured and charcuterie meats for a purchase price of US$215 million, including US$30 million in Maple Leaf stock. According to the company, the…

Luigi Lavazza to acquire the coffee business of Mars Inc. to expand its sales in the U.S.

USA - Luigi Lavazza, an Italian manufacturer of coffee products, has agreed to acquire the coffee business of Mars Inc., including the Flavia and Klix systems to expand its sales in the U.S. The company, according to FoodBev, is also broadening its operations in office coffee makers and vending machines with the acquisition, which was…

Keurig Dr Pepper to acquire CORE Nutrition LLC for US$525m

USA - Keurig Dr Pepper, an American beverage-maker conglomerate, has announced that it has entered into a definitive agreement to acquire CORE Nutrition LLC at a value of US$525 million, or approximately US$435 million net of anticipated tax benefits. Founded in 2015, the rapidly growing Core Nutrition portfolio includes CORE Hydration, a premium, nutrient-enhanced bottled…

Coca Cola’s Atlanta-based company buys French juice company Tropico

ATLANTA - The Coca-Cola’s Atlanta-based beverage giant has added a French juice company to its ever-diversifying portfolio, as it continues to acquire more companies in the beverage market. According to Coca-Cola, it entered into an agreement with the company Alizé to purchase all of the Tropico S.A.S business activities in France, as it has been reported to…

US’ seed firm and AGT Foods Africa partner to form sorghum and sunflower joint venture deal

SOUTH AFRICA - The US based propriety seed company S&W Seed Co. and AGT Foods Africa Pty Ltd have partnered to form a new joint venture to deal with seed products such as sorghum and sunflower. The new company registered in South Africa under the name of SeedVision SA will produce and commercialize seed products…