Medina and Freshways Dairies to merge businesses in pursuit of greater liquid milk market

UK – UK dairy companies Freshways Dairy, based in Acton, and Medina Dairy, based in Windsor, have confirmed they have agreed to merge to create a viable, long-term, fresh liquid milk business.  Combining the two businesses will create a more robust dairy company with over 1,000 employees and a processing capacity of 500m liters of British Red Tractor farm assured milk.    The new company which will reportedly trade as Medina Freshways Limited will also enjoy a turnover of around £400 million (US$549 million).   A new board and management structure will be put in place to oversee the merger, ongoing operations, and…

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SA meal kit provider Ucook acquires Granadilla Eats to accelerates growth of grocery delivery

SOUTH AFRICA – Ucook, South Africa – based food-tech company, in collaboration with its sister entity Faithful to Nature (FTN), has expanded its grocery delivery capabilities to a much larger, national scale with acquisition of Granadilla Eats. Granadilla Eats is an online food and fresh produce delivery service launched at the start of the pandemic in March 2020, and was born out of the need for a reliable home-delivery service for groceries. Also, its shift from being a swimwear brand, was to offer vital assistance required to keep smaller food-producing…

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Sensient Technologies strengthens technical solution capabilities with acquisition of Flavor Solutions

US – Sensient Technologies has acquired Flavor Solutions, a New Jersey-based provider of flavours and flavour technologies to the food, beverage and nutraceutical markets, in an effort to expand its traditional flavour offering.    Based in Piscataway, Flavor Solutions is a custom product and flavour development company with a rich flavour portfolio that includes SweetTech, MicroFresh, Tenderseal, and Tenderbake.   As part of the deal, Sensient will gain access to Flavour Solution’s savoury reaction flavours, natural shelf-life extender technologies, and sweetness enhancing and salt reduction taste-modulation technology platforms.  Gaining access to these key technologies will be a boost to Sensient as consumer preference for healthier products is driving demand and resulting in healthy growth forecasts.  For instance, MarketsandMarkets projects that the global natural…

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DS Smith sells Dutch paper mill to focus on light-weight fibre-based packaging

NETHERLANDS – British multinational packaging group DS Smith has agreed to divest its De Hoop paper mill in the Netherlands to De Jong Packaging for €50 million, as part of its strategy to focus more on light-weight fiber-based packaging.   The De Hoop mill produces 370,000 tonnes of mainly heavier grades of recycled paper per year and its continued stay in DS Smith was no longer necessary as the company enjoys access to a greater amount of external capacity. Under the terms of the deal, DS Smith will continue to purchase from and supply to the paper mill a certain amount…

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Saudi Arabian consumer goods giant Savola to purchase UAE-based snack maker Bayara for US$260m

UAE – Savola Group, a Saudi Arabia- based consumer goods company, has agreed to acquire Bayara, a manufacturer of nuts, dried fruits and spices as part of a strategy to invest in high growth sectors.   Bayara specialises in the manufacture and distribution of healthy snacks including raw and roasted nuts, dates, seeds, dried fruits and confectionery. It also produces cooking ingredients such as herbs, spices, and pulses.  The privately held company says it processes around 23,000 tonnes of goods each year and operates out of the UAE and Saudi Arabia.  Savola said in a filing…

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HelloFresh to acquire ready meals firm Youfoodz to strengthen its Australian brand portfolio

AUSTRALIA – German-based meal kit company HelloFresh has agreed to acquire Australian ready-to-eat meal manufacturer Youfoodz to enhance its Australian brand portfolio and product offering.  FoodBev reported that the US$93.3 million deal marks an important step in HelloFresh’s growth strategy and will strengthen its direct-to-consumer (D2C) ready-to-eat capabilities.  Youfoodz provides and distributes fresh readymade meals, as well as snacks and drinks through both home delivery (D2C) and retail (B2B).   The company operates three production facilities in Brisbane, which it claims produce more than 400,000 ready-made meals, 80,000 snacks, and 25,000 drinks per week. …

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Welcome Dairy Holdings expands dairy portfolio with acquisition of spray drying service provider North Star processing

US – Welcome Dairy Holdings, a portfolio company of private equity firm New Heritage Capital, has acquired North Star Processing, to enable it to expand its offering to customers.   North Star is a leading provider of spray drying services for the food ingredient industry, with an impressive track record of growth spanning over 20 years.  Spray drying is the most common and easy drying process used for drying any liquid or semi-solid feed as compared to other industrial drying processes.  It is also the most viable method to produce heat-sensitive products such…

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Richardson diversifies into durum processing with acquisition of US miller Italgrani

US – Richardson International Limited, Canada’s largest agribusiness and a global leader in agriculture and food processing, is diversifying into wheat processing through the acquisition of Italgrani USA Inc., the single largest durum miller in North America.  According to a statement from Richardson, the acquisition is part of its long-term strategic goals of diversification, geographic expansion, and an increased presence in food processing.   The deal includes a milling facility in St. Louis, Missouri, specializing in semolina and durum flour products,  storage and crop inputs facilities situated at Tolley, Powers Lake, and Benedict in North Dakota, and a commodity trading office in Minneapolis,…

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Tate & Lyle sells controlling stake in primary products business to KPS Capital Partners for US$1.7B

US – Tate & Lyle PLC, a leading global provider of food and beverage ingredients and solutions, has entered is selling a controlling stake its Primary Products business in North America and Latin America to KPS Capital Partners.  The Primary Products Business is a leading provider of nutritive sweeteners, industrial starches, acidulants, and other corn-derived products in North America and Brazil.  The Company produces corn-derived products for a diverse set of end-uses including carbonated beverages, confectionary products, packaging applications, and animal feed, among others.   With approximately 1,700 employees across six manufacturing facilities in the United States and Brazil, the Primary Products Business generates annual revenue of approximately US$2.3…

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Altria to sell wine business for US$1.2B in renewed focus on tobacco

US – Altria Group, Inc., a leading producer of tobacco products, has announced that its subsidiary, UST LLC, has entered into a definitive agreement to sell its Ste. Michelle Wine Estates (Ste. Michelle) business to Sycamore Partners Management, L.P.  Ste. Michelle produces and markets premium wines sold under various labels, including Chateau Ste. Michelle, 14 Hands and Stag’s Leap Wine Cellars™, and imports and markets Antinori and Champagne Nicolas Feuillatte™ products in the United States.  Its new owner, Sycamore Partners Management, L.P., is a private equity firm specializing in consumer, retail, and distribution investments (Sycamore Partners).  According to…

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