Consumer goods company ITC to invest US$67m in a new food processing site in India

INDIA – Indian multinational conglomerate company, ITC will be investing US$67.53 million (Rs 700 crore) in setting up a new food processing facility in Madhya Pradesh, central India. Speaking during a recent investor summit in […]

Kind acquires Creative Snacks to expand in the health and wellness market

USA – New-York based snacks manufacturer, Kind Healthy Snacks has acquired Creative Snacks as the company seeks to expand its share of the healthy snacking market through a new broadened product portfolio and multi-brand approach. […]

Valeo Foods completes acquisition of Campbell’s crisps business in Europe

IRELAND – Irish food group, Valeo Foods has closed the acquisition of European chips business from the Campbell Soup Company for approximately US$80 million. The acquisition, which was announced in September this year, includes Kettle […]

Ferrero affiliate completes acquisition of Kelsen snacks business from Campbell

LUXEMBOURG – CTH, a Belgian holding company affiliated with the Ferrero Group, has completed its acquisition of Kelsen Group from the Campbell Soup in a US$300 million transaction, subject to customary adjustments. The deal, which […]

Advent International to acquire majority stake in snack producer DFM Foods

INDIA – US based private equity firm, Advent International has agreed to acquire up to 68% stake in Indian snack food producer DFM Foods for around Rs851.6 crore (US$119m) in an all-cash deal. Under the […]

Conagra Brands to expand innovation center in Chicago

USA – The North American packaged foods company, Conagra Brands plans to build The Conagra Brands Center for Food Design in Chicago to bolster research. The 40,000-square-foot research and development center, located near to the […]

Nestlé invests in organic baby snacks production in Portugal

EUROPE – Nestlé Portugal will be investing up to €40 million (US$44.15 million) in two organic baby snacks production facilities in Portugal to expand its product range. The company will be investing €11 million (US$12.14 […]

McCain Foods to invest US$9m in Canadian potato processing facility

CANADA – McCain Foods Canada, a division of McCain Foods Limited, has unveiled plans of investing an additional CAD12 million (US$9 million) in its Florenceville potato processing facility in New Brunswick, eastern Canada. The investment […]

Valeo Foods acquires Campbell’s European crisp business for US$80m

EUROPE –  Irish food group, Valeo Foods has entered into an agreement with Campbell Soup Company to acquire its European crisp business for approximately €73 million (US$80 million) Under the agreement, Valeo will acquire Campbell’s […]

Biena Snacks secures US$8 million funding to expand plant-based foods

USA – Boston’s plant-based snacking brand, Biena Snacks has secured US$8 million in Series B financing led by MAW Investments, to accelerate growth of the brand. MAW Investments is a private equity firm created by former Snyder’s-Lance […]