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 […]

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 […]

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 […]

PepsiCo plans US$74.4m investment in new snacks manufacturing facility in India

INDIA – PepsiCo India has unveiled plans of investing US$74.4 million (INR 5.14 billion) over the next three years to construct a new snacks manufacturing plant in Uttar Pradesh, India. The producer of Lay’s, Cheetos, […]

South Africa’s Montagu unveils new brand identity under restructuring strategy

SOUTH AFRICA – South African snack foods brand, Montagu has unveiled a refreshed brand identity, including a logo and packaging redesign as part of its restructuring strategy to enable the firm is increasing its retail […]