Hershey acquires stake in Irish protein bar maker Fulfil Holdings

IRELAND – American chocolate manufacturer, The Hershey Company has announced a minority investment in Irish protein bar manufacturer Fulfil to expand its business in Europe. Fulfil Holdings, which was founded in 2016, is a one […]

Japanese Brewer Kirin to acquire stake in health food maker Fancl for US$1.22bn

JAPAN – Kirin Holdings, Japan’s second-largest brewer says that it will spend US$1.22 billion (129.3 billion yen) to purchase a 30.3% stake in cosmetics and health food maker Fancl. The investment is part of Kirin’s strategy of […]

VTB acquires majority stake in Russian grain trader Mirogroup

RUSSIA — Russian state-controlled bank VTB has revealed that it has completed the purchase of a 70% stake in Russian grain trader Mirogroup, the Reuters reports. The transaction expands the lender’s diversification into the grain […]

Valeo Foods Group in talks to acquire Campbell’s snacks brands

IRELAND – Irish food group, Valeo Foods is in exclusive talks with Campbell Soup to buy the company’s Kettle Foods business in UK and Ireland for about US$60million (€54 million). Earlier this year, Campbell hired […]

Japanese company Nagase Group completes acquisition of ingredient maker Prinova

JAPAN – Nagase Group, a Japanese chemical trading firm has completed the acquisition of US based food ingredient manufacturer and distributor, Prinova Group. The acquisition of Prinova, which has 15 distribution centres around the world, […]

Italy’s Illycaffè acquires its UK distributor amid Brexit uncertainty

ITALY – Illycaffè, Italian coffee company has acquired the UK’s Illy division distribution business from Euro Food Brands, and will now directly manage its UK distribution operations. The acquisition includes the complete transfer of business, […]

Ugandan government to invest US$6.24m in Mabale tea factory

UGANDA – The government is set to invest US$6.24 million (UGX23 billon) in Mabale tea factory to revive operations of the company. According to Finance Minister, Matia Kasaija the government will invest the proceeds in […]

Libstar to sell dairy and fruit drinks unit, sees double digit growth in half year earnings

SOUTH AFRICA – Libstar Holdings, a South African consumer goods company has announced that it has entered into a binding agreement to sell its non-core dairy-blend and fruit concentrate beverage operations, for an undisclosed amount. […]

DuPont considers divesting food additives and ingredients business for US$20bn

USA – Specialty chemicals maker, DuPont is said to be considering selling its nutrition and biosciences unit, few months after Dupont became independent following a three-way split earlier this year. According to a Bloomberg report, […]

Highlander acquires Evans Food Group, launches new food platform

USA – Highlander Partners, a Texas based private investment firm through its newly formed food platform, Benestar Brand, has acquired Evans Food Group from Wind Point Partners. Based in Chicago, Evans Foods produces and sells […]