Rami Levi also received a two-year option to increase its stake to 50.01 percent.Rami Levi, one of Israel’s leading supermarket chains, has agreed to buy 20 percent of coffee and snack chain Cofix Group at a company valuation of 105 million shekels ($30 million).
Founded in 2013 by busin...
The sales process is robust and the Swiss KitKat maker expects to reach a sale in the first quarter of 2018.Nestle is expected to sell its U.S. confectionery business in the first quarter of 2018, following a review launched earlier this year as part of efforts to improve performance at the world&rs...
Hershey Co has plans to gain a firmer footing in the fast-growing market for healthy snacks. Hershey Co has plans buy SkinnyPoppopcorn maker Amplify Snack Brands in a deal valued at $1.6 billion, including debt, to gain a firmer footing in the fast-growing market for he...
Nestle is buying Atrium from a group of investors led by private-equity firm Permira Funds. The Swiss food and beverage giant, Nestle is planning to expand into vitamins and supplements by buying Atrium Innovations for $2.3 billion.
Canada-based Atrium Innovations makes Garden of Life gummy vitamin...
The company aims to expand the market share in Singapore first. Japanese food company Toho has bought two Southeast Asian firms, one in Singapore and the other in Malaysia, to expand its business overseas in pursuit of medium- to long-term growth.
The food product wholesaler and retailer compa...
The company is said to be driven by strong sales performance, with the gross profit increasing by 19% to HK$1,922 million. Hong Kong-listed soy milk and tofu manufacturer Vitasoy has acquired sustained growth and recorded an increase of 21% in revenue to HK$3,646 million for its interim results ende...
Nidera BV is a Dutch subsidiary which was originally acquired when COFCO bought 51% of the shares in 2014.Syngenta has entered into a binding agreement to acquire Nidera Seeds from Swiss agri-business and Chinese grains trader China National Cereals, Oils and Foodstuffs Corporation (COFCO).
Th...
The company turned over $6.31 billion, compared to $6.27 billion in the same period last year, with net income growing 12% to reach $944 millionKraft Heinz has posted a 0.7% increase in net sales for the third quarter, driven by strong growth in Europe.
The company turned over $6.31 billion, compar...
Murray Goulburn reported a decline in revenues for its 2016/17 fiscal year due to a decline in liquid milk sales.Canadian dairy company Saputo has agreed to strike a deal with Australia’s struggling dairy business Murray Goulburn worth $1 billion.
It will expand Saputo’s presence in Aus...
The transaction will be done via full merger of Enzymotec into a subsidiary of Frutarom.Frutarom will acquire full ownership of Enzymotec, Israel, at a net investment of approx. $ 210 million. As of the date of signing, Frutarom held approx. 19% of Enzymotec’s shares at an average price of $ ...
Agrex will use the funds for setting up greenfield processing facilities in Sri Lanka, Uganda, Ethiopia and Philippines.International Finance Corporation, the private-sector investment arm of the World Bank, is planning to invest up to $25 million (around Rs 160.7 crore) in Dubai-based organic food ...
Jiahe Foods is planning to invest in upgrading its non-dairy creamer production lines and setting up an R&D centre, a freeze-dry coffee facility and a modern warehouse. The International Finance Corporation, the private lending arm of the World Bank, is considering an equity investment of $25 millio...
The potential deal would continue Conagra’s efforts to bolster its portfolio of branded food.Orville Redenbacher’s Popcorn owner Conagra Brands is nearing a deal to buy Angie’s Artisan treats, maker of Angie’s Boomchickapop popcorn. The potential deal comes as sales of big food c...
The strategic agreement will consolidate China’s stake in the burgeoning Middle East food industry and expand bilateral relations further.Dubai Food Park (DFP), the region’s largest specialised zone dedicated to serving the rapidly growing food sector, has signed a deal with China’s Ningxi...
The acquisition will strengthen Frutarom’s leadership in Switzerland allowing continued expansion and generating and exploiting synergies in the areas of R&D and sales. Frutarom Industries continues its momentum of acquisitions with the purchase of 100 percent of the shares of the Swiss company fo...
Making Kükre A.Ş. a wholly owned subsidiary will enable the Ajinomoto Group to act as a comprehensive food manufacturer in TurkeyAjinomoto acquired an additional 50 per cent of the stock of Kükre A.Ş., a food company in Turkey, for approximately 181 million Turkish Lira (TRY) and made it a w...
CP Foods booked a 10.5 per cent rise in revenue to THB245.59 billion. Charoen Pokphand Foods, the Thailand-based meat and seafood group, saw its earnings in the first half of the year rise despite a sharp fall in segment profits from its livestock division.
The company posted profit for the six mon...
It is due to operational improvements in the food manufacturing business.Neo Group reported losses of $0.65m in 1QFY18, which is significantly lower than last year’s $2.5m loss for the same period.
The reduced losses were attributed to better cost control and a turnaround at the food manufact...
