Iconic Namibian artisanal bakery Hansa Bakery shuts down
NAMIBIA – Hansa Bakery, one of Namibia’s oldest baking firms is closing the curtains to…
Mergers, Acquisitions & Divestments
Tsuneo Okubo to take charge of Seiyu as Investment firm KKR becomes majority shareholder
JAPAN – Seiyu’s shareholders confirmed the appointment of Mr. Tsuneo Okubo as CEO even as…
Biological pest control producer Bioline Agrosciences acquires Kenya’s Dudutech
KENYA – Bioline Agrosciences announced the acquisition of the Kenyan Biocontrol Company Dudutech from the…
Diageo completes purchase of Chase Distillery as its company secretary retires
US – British alcoholic beverages manufacturer Diageo has completed its acquisition of British gin and…
Unilever Nigeria announces plans to spin off Tea Business into separate legal entity
NIGERIA – Leading FMCG company, Unilever Nigeria has announced plans to separate its tea business…
Ardent Mills eyes acquisition of chickpea processing firm Hinrichs Trading Company
US – North America’s leading flour supplier Ardent Mills has announced its intention to acquire…
Molson Coors sells India business to Inbrew Holdings as alcohol prohibition hurts sales
INDIA – US multinational beverage company Molson Coors has agreed to sell its Indian unit…
Ardagh Group to list metal packaging unit in new US$8.5bn merger deal
US – Ardagh Group, one of the world’s largest metal and glass packaging companies, has…
Nestlé eyes acquisition of recipe box business SimplyCook to strengthen direct-to-consumer offerings in the UK
UK – Swiss food manufacturing giant Nestlé has agreed to acquire recipe kit company SimplyCook…
Impact investor Sanlam Private Equity acquires majority stake in SA premium red meat supplier Cavalier Group
SOUTH AFRICA – South Africa’s state-owned development bank Land Bank along side an agricultural and…
Grupo Bimbo expands presence in India’s baking industry with acquisition of Modern Foods
INDIA – Grupo Bimbo, a leading Mexican bakery, has bought Indian bread brand Modern Foods…
BOC Kenya board sits on the fence in regards to company take over by Carbacid
KENYA – The takeover of manufacturer of industrial, medical and special gases, BOC Kenya by…
Duravant, Mill Rock make new acquisitions to expand presence in food packaging sector
US/NETHERLANDS – Leading packaging company Duravant and US private equity firm Mill Rock have recently…
Soft beverage giant Coca-Cola eyes controlling interest in BodyArmor sports drink
US – Coca-Cola, one of the world’s largest beverage companies, is planning to acquire a…
India’s Jubilant Foodworks to enter European fast food franchise business through acquisition of Dutch firm
INDIA – Jubilant Foodworks Limited (JFL), which operates Domino’s Pizza and Dunkin Donuts in India,…
PepsiCo exits Indonesian snack market with sale of stake in Indofood Fritolay joint venture
INDONESIA – American multinational food and beverage company PepsiCo is exiting the Indonesian snack market…
Cameroonian Livestock Development Corporation becomes a full fledged public entity
CAMEROON – The government of Cameroon has inked a decree transforming Livestock Development Corporation (SODEPA)…
Massmart sells eight cash and carry stores, seeks to close more outlets to stay afloat
SOUTH AFRICA – The Competition Tribunal of South Africa has approved Walmart owned South African…
Kerry to expand ingredients portifolio with acquisition of Spain’s Biosearch Life
IRELAND – Kerry Group has announced its intention to acquire Biosearch Life, a Spanish company…
Total Produce, Dole Foods merge to consolidate leadership position in fresh produce market
IRELAND – American agricultural multinational corporation Dole Foods has agreed to merge with Ireland-based fresh…
One Rock Capital Partners, Metropoulos to buy Nestlé’s North America water business for US$4.3bn
SWITZERLAND – One Rock Capital Partners in partnership with Metropoulos & Co has agreed to…
Zeus Packaging makes it biggest acquisition yet in aggressive European expansion
ITALY – Irish-owned, Zeus Packaging has agreed to acquire Sirap Group’s German and Austrian business…
Tyson to buy 49% stake in Malayan Flour Mills Berhad’s poultry business even as Q1 profits plunge
MALAYSIA – American multinational food corporation Tyson Foods has agreed to acquire a 49% stake…
Kraft Heinz sells planters brand to Hormel Foods for US$3.35Bn to focus on core areas of focus
US – Kraft Heinz has entered into an agreement to sell its nuts business to…