JBS-owned prepared foods company Swift expands portfolio with acquisition of Sunnyvalley Smoked Meats

USA —  Swift Prepared Foods, a subsidiary of Brazil meat processing giant JBS, has reached an agreement to acquire Sunnyvalley Smoked Meats Inc. for US$90 million.  Founded in 1990, Sunnyvalley Smoked Meats produces a variety of quality smoked bacon, ham and turkey products for sale to retail and wholesale customers under the Sunnyvalley brand.    According to a statement from JBS, the acquisition by Swift includes the company’s production facility in Manteca, which employs more than 300 people and has gross annual revenues of US$150 million.  “Today’s announcement is consistent with our company’s long-term strategy to increase our value-added and branded portfolio,…

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Coca-Cola eyes US$8 billion value from Coca-Cola Beverages Africa public listing

SOUTH AFRICA – The Coca-Cola Company is gearing closer to finalizing plans of listing its largest bottler in Africa, Coca-Cola Beverages Africa (CCBA), as a publicly traded entity. According to reports by Bloomberg, talks are ongoing and the final timing and size of the IPO will depend on the investors’ appetite and market conditions. The soft beverage giant is seeking a value of R120 billion (US$8 billion) for Coca-Cola Beverages Africa when it lists the bottler in 2022, according to people familiar with the matter. To facilitate the process, Coca-Cola…

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TricorBraun eyes European glass packaging firm Vetroelite as Elopak expands into MENA

ITALY – American designer and distributor of rigid packaging TricorBraun has entered into an agreement to acquire Italian-based packaging supplier Vetroelite from LBO France for an undisclosed sum.  Vetroelite provides glass packaging solutions for the spirits, gourmet food, home fragrances, wine, and cosmetics industries.   The company has a global presence and operates from several locations across the US and Europe, serving customers in 90 countries.  With Vetroelite, TricorBraun will be able to significantly expand its  European presence while at the same time bolstering its global presence.  “We are very pleased to expand our European presence with the acquisition of Vetroelite,” said Court Carruthers, president and CEO of TricorBraun.   “The Vetroelite team…

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Heineken extends dominance in Nigeria beer market with potential Champion Breweries takeover

NIGERIA – Heineken NV, the world’s second-largest brewer has launched a mandatory takeover bid for Nigeria based Champions Breweries, seeking to buyout the remaining 15.3% equity stake. The Dutch brewing company, made the offer through its wholly-owned subsidiary, Raysun Nigeria Limited, Heineken N.V, and plans to purchase up to 1,196,799,164 ordinary shares from the other shareholders of Champions Breweries. This is according to a recent notice signed by the Chairman of Champions Breweries Plc., Dr Elijah Akpan, and filed with the Nigerian Exchange Limited (NGX), reports Nairametrics. The move comes…

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Ornua acquires US cheese company Whitehall Specialties, French Dairy Savencia diversifies into plant-based foods

USA – Irish dairy cooperative, Ornua, is set to expand its position in the US dairy ingredients space following the completion of a deal to acquire US cheese ingredients business, Whitehall Specialties Inc (WSI) from private equity firm, Mason Wells.    Headquartered in Wisconsin, WSI provides functional cheese solutions to its food manufacturing and food service customers.    The acquisition complements Ornua’s US Ingredients division, Ornua Ingredients North America (OINA), and is central to Ornua’s long-term growth strategy in the US cheese ingredients market.    According to OINA, the acquisition increases its current position in the US cheese ingredients market, expanding its production footprint across…

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Coca-Cola HBC expands coffee chain portfolio with acquisition of minority stake in Caffè Vergnano

ITALY – Swiss-based Coca-Cola anchor bottler Coca-Cola HBC has completed the acquisition of a 30% equity shareholding in premium Italian coffee company Casa del Caffè Vergnano, further expanding its presence in the coffee chain space.    Caffè Vergnano is one of the oldest coffee roasters in Italy with a premium, high-quality coffee that represents Italian heritage and authenticity.   The coffee chain’s portfolio includes traditional espresso in various blends, packages, and formats such as beans, roast, and ground coffee and single portioned pods.   According to a statement from Coca-Cola HBC,  the company sold approx. 7,000 tons of coffee in more than 90…

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Givaudan to acquire DDW to bolsters position in US natural colors market

USA – Swiss multinational food ingredients supplier Givaudan is on track to acquire DDW, The Color House, a US-based colors company, as part of a 2025 strategy to expand the company’s global Taste & Wellbeing business.    Headquartered in Kentucky, US, DDW is a privately-held company specializing in natural colors, with 12 global manufacturing facilities.  The company has developed a crucial market position from its origins in the brewing industry through its capabilities in caramel colors.  Its acquisition is expected to help Givaudan become a key player in natural colors, diversify its color portfolio and elevate food experiences…

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Ocado invests in autonomous driving, Instacart expands e-commerce capabilities with acquisition of FoodStorm

UK –  UK-based grocery solutions and logistics business Ocado has invested £10 million ($13.6 million) in self-driving technology startup Wayve to spur the development of autonomous grocery delivery.  Founded in 2017, Wayve’s autonomous-driving technology relies on deep learning and cameras, in contrast to the light detection and ranging — commonly known as “lidar” — systems and sensors that many self-driving companies currently employ.   The camera-based approach is less costly, and according to Wayve, is also well suited to navigating traffic-clogged, complex city streets where so many grocery deliveries happen.  Under…

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EG group diversifies into bakery manufacturing with acquisition of Cooplands bakery chain

UK – British retailer and operator of fast food outlets and petrol station Euro Garages (EG) has acquired baked goods manufacturer and retail bakery chain Cooplands for an undisclosed sum.  Founded by Frederick and Alice Coopland in 1885, Cooplands employs more than 1,600 colleagues and reportedly is the UK’s second-largest bakery chain.  The purchase includes three bakeries that process ingredients and manufactures fresh food which is distributed through its supply chain and logistics network to about 180 stores and cafes.  Following the acquisition, EG plans to diversify the Cooplands brand into the…

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Dairy.com expands into India with the acquisition of supply chain solutions supplier Mr.Milkman

INDIA – America’s leading dairy technology, services, and intelligence provider, Dairy.com, has acquired Mr.Milkman to strengthen its integrated supply chain solution offerings for dairies worldwide.  Already used by over 60+ Indian dairy brands, Mr.Milkman enables dairy food product companies to efficiently manage multiple aspects of dairy distribution, supply chain, customer subscriptions and delivery requests.  “Our entire company is proud to be joining the talented Dairy.com team to accelerate the development of our last-mile delivery solution to meet the rising customer needs,”  said Mr.Milkman Chief Executive Officer and Co-founder Samarth Setia.    “We also look forward to…

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