Food acquisition news : Canadian meat processor Maple Leaf Foods has agreed to acquire vegan meat company Field Roast Grain Meat for around $120 million in a move to expand its platform across the high growth alternative proteins market. Based in Seattle in the US state of Washington, Field Roast Grain Meat manufactures grain-based meat […]
Food processing news : The highly popular Maggi noodles range finds itself in controversy again as an Indian district court slapped a $70,000 fine on its owner Nestle India after lab reports of its samples found excessive ash content. The latest setback to Maggi noodles comes two years after it was temporarily banned across India […]
Bakery industry news : Finnish bakery chain Fazer Group has invented a new hand-baked insect flour bread made from dried and powdered crickets mixed in flour which has been named as Fazer Sirkkaleipa or Fazer Cricket Bread in English. Fazer Cricket Bread has been initially launched across 11 in-store bakeries of Fazer Group in Finland. […]
Cosmetic industry news : London-based consumers goods company Unilever has agreed to acquire New York-based personal care products manufacturer Sundial Brands for an undisclosed price. Unilever acquisition of Sundial Brands is expected to speed up the growth of the consumer goods giant’s personal care category by covering underserved requirements of multicultural and millennial consumers. Established […]
Food acquisition news : South Korean confectionery company Lotte Confectionery has agreed to acquire Indian ice cream manufacturer Havmor Ice Cream for INR1,020 crore ($157 million). The transaction which will enable $80 billion worth Lotte Confectionery to foray into ice crease business in India is expected to close this week, as per a report in […]
Transport industry news : Ride hailing company Uber Technologies intends to go forward with a deal that will see Japanese technology conglomerate SoftBank Group Corporation as a major investor, reports Reuters. In this regard, the San Franciso-based local transportation technology company will reveal the pricing next week in formal tender offers to its investors. Uber […]
Hotel acquisition news : US-based global private investment company Starwood Capital Group has agreed to acquire Sofitel Budapest Chain Bridge Hotel, a luxury hotel in Budapest, Hungary from hotel operator Orbis Hotel Group for €75 million. The Sofitel Budapest Chain Bridge Hotel is an eight-storied five star hotel located near the River Danube, Hungarian Parliament […]
Retail acquisition news : Lithuanian retail chain Maxima Grupe has offered to acquire 100% of Emperia Holding, the controlling stakeholder and operator of Polish retail chain Stokrotka for nearly PLN1.19 billion (€283 million). The parties have signed an investment agreement and will see Maxima submit a tender for the proposed acquisition. Stokrotka operates 410 stores […]
Food acquisition news : ESS-Food, a subsidiary of Danish food processing company Danish Crown, has struck an agreement to acquire a stake of 70% in South African foodservice company Overberg Food Distributors. The financial terms of the deal were not disclosed by the parties. Headquartered in Cape Town, Overberg Food Distributors buys, stores, sells and […]
Thums Up Charged launch news : Coca-Cola India is celebrating forty years of the Thums Up cola soft drink brand by launching its first ever variant in Thums Up Charged, a new cola beverage brand which it says will be packed with much more thunder. If Thums Up itself is easily the strongest soft drinks […]