Food acquisition news : Norwegian conglomerate Orkla has agreed to acquire Agrimex, a frozen vegetable producer based in the Czech Republic, for an undisclosed price through its wholly-owned subsidiary Hame. The acquisition is to help Hame consolidate its place in the frozen vegetable category, stated Orkla. Hame is a branded food company with business in […]
Food industry news : Tyson Foods, a leading US meat processing company will build a new chicken production facility in Humboldt in Gibson County, Tennessee with an investment of over $300 million to help the company address the strong consumer demand for its chicken products. Originally, the Tyson Foods poultry production plant was supposed to […]
Retail acquisition news : E-commerce giant Alibaba Group will invest HK$22.4 billion ($2.87 billion) for an equity stake in Sun Art Retail Group, a Chinese hypermarket chain operator to expand itself in the offline retail industry. Alibaba Group has entered into a strategic alliance with French food retailer Auchan Retail and Taiwanese conglomerate Ruentex Group […]
Food acquisition news : Ontario Teachers’ Pension Plan has acquired seafood company Atlantic Aqua Farms from San Francisco-based private equity investment firm Encore Consumer Capital for an undisclosed price. Based in Orwell Cove, Prince Edward Island, Atlantic Aqua Farms is the owner of the Canadian Cove brand mussels for more than 25 years. According to […]
Drinks industry news : Standard Investment, a Dutch investment company has acquired Riedel, a fresh fruit and other fruit juices company from dairy cooperative FrieslandCampina for an undisclosed price. Netherlands-based dairy giant FrieslandCampina had owned the fruit juice company Riedel for close to 47 years. Established in Ede in the Netherlands, Riedel is into production […]
In a significant move within the pharmaceutical sector, Shanghai Pharmaceuticals Holding Co. has agreed to purchase the Chinese pharmaceutical distribution business of US-based Cardinal Health for $557 million. The deal, announced amid looming drug distribution reforms in China, marks a major shift for Cardinal Health as it reevaluates its growth strategy in the region. Details […]
Food acquisition news : Vietnam Dairy Products Joint Stock Company better known as Vinamilk has bagged an equity investment of $616.6 million from Singapore-based Jardine Cycle and Carriage in return of a stake of 5.53% in the Vietnamese dairy producer. The equity investment in Vinamilk by Jardine Cycle and Carriage was done through the latter’s […]
Food acquisition news : US meat processing company Tyson Foods has acquired Philadelphia food company Original Philly Holdings which manufactures raw and fully-cooked sandwich steak and cheesesteak appetizer products. Financial terms of Tyson Foods acquisition of Original Philly haven’t been disclosed. Original Philly Holdings consists of two business units: Original Philly Cheesesteak Company, which manufactures […]
Food acquisition news : Ardian, a France-based private equity firm has struck a couple of deals to acquire two Spanish bakery companies – Berlys and Bellsola which it plans to merge into a single entity. Ardian nor the bakery companies have revealed the financial aspects of their deals. According to food industry news updates, both […]
Food industry news : Japanese food and chemical company Ajinomoto through its subsidiary Ajinomoto North America has acquired medical foods company Cambrooke Therapeutics for nearly $64 million to enter into the US medical foods market. Based in Massachusetts, Cambrooke Therapeutics is a therapeutic nutrition company. It provides medical nutrition products across the world for patients […]