Purchase aims to further shift company’s business toward higher-profit products, such as chicken nuggets and fish filets. Tyson Foods Inc. TSN -1.17% agreed to acquire a top meat supplier to McDonald’s Corp. and other chains, in a bid to boost its sales to restaurants as rising supplies and tariffs squeeze U.S. meat companies. Tyson said […]
Archer Daniels Midland Company (ADM) has reached an agreement to acquire Rodelle Inc., a premium originator, processor and supplier of vanilla products. The acquisition will see ADM’s vanilla capabilities expand and it also includes an equity stake in farmer cooperative in Madagascar, part of the most extensive vertically integrated supply chain in the vanilla industry. […]
Industry Leading Extraction Technology Enables Flavor and Color Innovation Sensient Technologies (NYSE: SXT), today announced that it has acquired Vancouver based Mazza Innovation Limited, a global leader in botanical extraction technology, for an undisclosed amount. The addition of Mazza Innovation is a major step in the evolution of Sensient’s ‘seed to shelf’ strategy to innovate […]
Global flavors and fragrance company, Givaudan, has completed the acquisition of 40.5 percent of the share capital of Naturex at a price of €135 per share as announced on March 26, 2018 for a total consideration of €522 million. As a result, Givaudan has confirmed its intention to file a mandatory cash tender offer with […]
Allulose-sweetened chocolate startup Allulite Nutrition debuted its products at the FNCE (Food and Nutrition Conference & Expo) show recently in Chicago, and it hopes to become a $1bn brand in the next few years for Hershey to acquire. Founder and CEO Gerry Morrison has been working in the confectionery industry for many years, particularly in […]
Frutarom is continuing its momentum of acquisitions with an eighth purchase this year, by acquiring 60 percent of the shares of the Thai flavors company The Mighty CO. LTD. (including the activity of Maharaj Food Co. Ltd. and Mighty International Co. Ltd.) for approximately THB 393 million (approx. US$12 million) and at a valuation of […]
Kerry Group has confirmed the acquisition of US-based technology and innovation company Ganeden at a Capital Markets presentation, which is being held today. The presentation also updates the group’s medium-term growth targets and objectives. Kerry points out that the newly acquired probiotics manufacturer Ganeden, based in Cleveland, Ohio, with current year revenue of approximately US$25m, […]
Nestlé may be better known for its large confectionery portfolio – but it is turning toward vegetarian food with the acquisition of California-based Sweet Earth in a bid to align itself with modern food trends. Nestlé USA has agreed to acquire the plant-based food manufacturer, marking its immediate entry into this rising food segment. The […]
Roha has announced their third acquisition of 2017, by acquiring New Foods Industry S.p.A. near Verona in Italy, an expert in dry ingredients for the food and beverage industries. The move is set to consolidate Roha’s position in the color sector with synergistic innovative ingredients. The first acquisition made by Roha back in January was […]
Israel-based flavours and ingredients giant Frutarom has acquired Swiss savoury flavour specialist Mühlehof. Frutarom said it will pay €5.9m ($7m) for the group, which generated sales for the 12 months to end-June of €2.9m ($3.4m). Mühlehof, which was founded in 1979, engages in the development, production and marketing of “savoury taste solutions”, including flavours, seasoning […]
Mexico-based dairy giant, the Lala Group, is looking to seal a deal to buy control of Brazilian company Vigor Alimentos tomorrow with a Board of Directors meeting scheduled to finalize the acquisition. The largest dairy firm in Latin America, Lala has announced that is has concluded the process of negotiations aimed at buying Vigor, which […]
Danone has entered into a binding agreement with Lactalis to sell Stonyfield, one of its U.S. dairy subsidiaries, for a purchase price of $875 million, representing 20 times its EBITDA in 2016. Stonyfield generated approximately $370 million in turnover in 2016. The divestiture is part of the agreement reached on March 31st, 2017 with the […]
Diageo has confirmed that it will buy Casamigos, a tequila brand cofounded by George Clooney, in a deal that values the brand at $1bn and is expected to close in the second half of 2017. Clooney, Rande Gerber, and Mike Meldman created the ultra premium tequila brand in 2013, and the brand has registered a […]
International Flavors & Fragrances Inc. (IFF) have announced that it had acquired PowderPure (Columbia Phytotechnology LLC) on April 7, 2017. Founded in the early 2000s and based in Oregon, PowderPure utilizes its patented Infidri drying technology to create all-natural food ingredients by eliminating water while leaving the taste, nutrition and color matrix intact. Using minimal […]
The Coca-Cola Company, together with its bottlers in Latin America, have announced the closing of the acquisition of Unilever’s AdeS plant-based beverage business. The Coca-Cola Company is now the sole owner of the AdeS brand. On June 1st, 2016, The Coca-Cola Company and Coca-Cola FEMSA, S.A.B. de C.V. entered into an agreement with Unilever to […]
