French investor Creadev acquires stake in Twiga Foods worth US$5M

KENYA – Creadev, a French-based investor, has acquired an undisclosed stake worth US$5 million (Sh500 million) at Kenya’s leading online grocery platform, Twiga Foods. Creadev is a global long-term investment firm wholly funded by the […]

Vivera Foodgroup divests meat business to focus on plant-based foods

NETHERLANDS – Vivera Foodgroup has set a new focus on plant-based food products, following the sale of its chilled and deep-frozen meat products company, Enkco to Dutch Van Loon Group. As part of the sale, […]

CCBA to buy stakes in Kenya’s Coca-Cola franchise bottlers in a US$192.5m valuation

KENYA – Coca-Cola Beverages Africa (CCBA) is set to acquire unknown stakes in two Kenyan Coca-Cola franchise bottlers from public investment company, Centum Investments. Centum, which operates as an affiliate of the Kenyan government-owned Industrial […]

Finland’s Fazer Group to sell food service business for US$538m

EUROPE – Finnish fast-moving consumer goods company, Fazer Group has agreed to sell its Fazer Food Services business to British foodservice company Compass Group for an enterprise value of approximately €475 million (US$538 million). The […]

Ocado unveils US$21.6m investment in vertical farming, forms joint venture

UK – Ocado Group has announced that it is investing about US$21.6 million (£17 million) in vertical farming as it aims to become a leader in sustainable vertical farming. The company which is one of […]

Brown-Forman to acquire Fords Gin owner The 86 Company

USA – The American wine and spirits business, Brown-Forman Corporation has announced that it has reached an agreement to acquire The 86 Company, the New-York based spirits company. Upon completion, Brown-Forman will add Fords Gin, […]

Heineken buys minority stake in craft beer maker Oedipus Brewing

NETHERLANDS – The Dutch brewing giant, Heineken has acquired a minority shareholding in the Amsterdam-based craft brewery Oedipus Brewing for an undisclosed amount. According to the company, the investment will help bring their dreams a […]

Cornelius and Chr. Hansen form natural colors partnership in the UK

UK – Cornelius Group, European leading ingredients company has joined forces with Chr. Hansen to supply the UK and Irish food and beverage market with natural colors. The partnership aims to address health and wellness […]

Hillhouse Capital acquires Scotch whisky firm Loch Lomond Group

SCOTLAND – Hillhouse Capital Management, a Hong-Kong based investment fund has announced it has acquired Loch Lomond Group, a spirit’s firm from Exponent Private Equity for an undisclosed sum. Loch Lomond is one of Scotland’s […]

Arla to move some production to newly acquired Middle East site

DENMARK – Arla Foods has announced that it has reached a decision to move certain processed cheese and sterilized cream production from three of its sites to the newly acquired site in Bahrain, the Middle […]