Industry
331 news found
Conserved and jamsUSA. Campbell's oldest plant closes in Georgia
326 employees will be laid off
Campbell Soup Company has announced its plans to close its snacks manufacturing facility in Columbus, Georgia by spring 2022. The plant, which produces a range of candy, crackers, cookies, nuts and bars... more
DistributionDeliveroo prepares for listing
New round of financing exceeds 180 million
The platform is now worth more than $ 7bn more
IndustryNestlé is still betting on Jungly
The iconic bar of chocolate is back, a great demand from Spanish consumers
Nestlé has listened to multitude of requests from Spanish consumers and, in a few weeks, will bring Jungly, its legendary bar of milk chocolate and animal-shaped biscuits, back to market. “We saw how co... more
BeverageIwse acquires Wine Intelligence
The range of data on the beverage world expands
Iwse, a global provider of beverage industry data, has acquired the wine market research firm Wine Intelligence, founded in 2002 by Lulie and Richard Halstead and present in more than 35 markets around... more
IndustryIndustrie Chimiche Forestali, reduces industrial water discharges to zero
The Group uses a closed process for water recycling
Industrie Chimiche Forestali SpA, a company among the reference operators at national and international level in the design, production and marketing of high-tech adhesives and fabrics, listed on the Aim... more
IndustryKitchen hoods: Ethica invests in Sil Fim
80% of the Marche group has been detected
Ethica Group, a consulting boutique specializing in consulting in extraordinary finance transactions, through Ethica Global Investment has acquired 80% of Sil Fim, a Marche-based group specialized in the... more
IndustryWeber's barbecues increasingly hi-tech
Acquires California-based June, specializing in smart technology devices
Weber-Stephen Products, the world leader in barbecues, today announced the acquisition of 100% of California-based June, a company specializing in the production of smart appliances and technology devices,... more
IndustryMars Uk with Dhl for two new sustainable storage facilities
An investment of 350 million pounds
Mars has partnered with DHL in a project that will see the construction of two new warehousing facilities in the UK, in an effort to reduce its logistics carbon footprint. The project represents a £350... more
BeverageCoca-Cola Company discards the Zico brand
Coconut Water returns to its founder, under a new name
Coca-Cola Company sold the Zico Coconut Water brand to PowerPlant Ventures a few months after revealing plans to stop distributing the drink. The deal, signed for an undeclared sum, will see the premium... more
Industry20 euros per share for the acquisition of Carrefour
The Alimentation Couche-Tard offer that will materialize in cash
Canadian multinational convenience store operator Alimentation Couche-Tard has submitted a non-binding offer to acquire Carrefour at the price of € 20 per share, as reported in a statement on Wednesday a... more
IndustryBarilla focuses on delivery of fresh pasta in UK
The Group acquires the majority of Pasta Evangelists
The Italian company Barilla focuses on the delivery of high quality fresh pasta boxes. The Parma Group has already approached this market during the pandemic, and now enters it by consolidating its presence... more
IndustryPepsiCo, runs faster than Paris Agreement
The group intends to hit net zero by 2040, 10 years ahead of schedule
PepsiCo has announced plans to double down on its climate goal, pledging to reduce its absolute greenhouse gas (GHG) emissions across its value chain by more than 40% by 2030. The beverage giant has also... more
IndustryPoultry: Franco-Hungarian Tranzit invests € 55 million
That is 20 billion forints for development of its plants
The Tranzit Group, a company operating in the poultry meat processing sector, will invest 20 billion florins, equal to approximately 55 million euros, in the development of its factories. The company owns... more
IndustryOrkla announces the new foods division
New CEOs join the board of directors
Orkla has announced that is creating a new division called Orkla Foods as part of a restructuring plan, while a number of major appointments have been made across the company. The new Orkla Foods division... more
CoffeeUSA. Coffee: Gaensel Energy acquires Officina della Cialda brand
The company is present with 35 stores in Italy
Gaensel Energy, a diversified holding company with assets in Software/Gaming and VR, Health and Wellness, CRM & Data, as well as General Contracting and Patented Building supplies, announces the acquisition... more
Mineral waters and drinksUSA. Quench (Culligan) acquires Get Filtered water dispensers
The transaction adds to purchase of Pure Water Technology, Sunnybrook Water Company and Dove Water
Culligan-owned Quench has announced the acquisition of Get Filtered, a Texas-based provider of mains-fed drinking water systems. Founded in 2008 and headquartered in McAllen, Texas, Get Filtered serves... more
IndustryUSA. Ends the Pilgrim's Pride and Tyson lawsuit on chicken prices
The companies, accused of having made a trust, reach the settlement agreements of dispute
Pilgrim’s Pride and Tyson Foods have agreed to settle claims made by a group of poultry buyers that accused them of conspiring to inflate chicken prices. The US chicken producers reached a deal on Monday t... more
IndustryUSA. Tyson Foods invests on bacon
$ 26 million to increase production at a Wright Brand facility
Tyson Foods has announced a $ 26 million investment to increase bacon production at Wright Brand's Vernon, Texas facility. The expansion project, which is expected to be completed by March this year, will... more
IndustryMetro Italia closed the 2019-20 financial year with a turnover of 1.4 billion
It gains market share, now at 5.1% of the total food horeca market
Despite the effects of the pandemic and the related restrictive measures adopted by the Government, which had strong impacts on the overall market for out-of-home consumption, Metro Italia in the fiscal... more
IndustrySnack, Utz Brands acquires Vitner's
A 25 million dollar operation
Utz Brands has entered into a definitive agreement with Snak King Corp to acquire part of the Vitner's snack brand business, for a total purchase price of $ 25 million. The sale includes intellectual property,... more
IndustryNomad Foods completes the acquisition of Findus Switzerland
110 million Euros to the Froneri International group
Nomad Foods, a frozen food company, completes the acquisition of Findus Switzerland, belonging to the Froneri International group, for 110 million euros. It also acquired the intellectual rights of the... more
IndustryFrieslandCampina, switch to 100% rPet bottles from February 2021
Avoided production of nearly 1.9 million kilos of new plastic
The FrieslandCampina group has announced that starting from February 2021 it will produce PET bottles with 100% recycled material. The dairy cooperative said switching to recycled Pet (rPet) for wholesale... more
Conserved and jamsCampbell's sells bread to Jimmy's Cookies
The biscuit maker will acquire the Ecce Panis brand
After the Kelsen biscuits, sold to Ferrero (see EFA News article of 12-07-19 ) and the sale of the Australian snack business unit Arnott (see EFA News article of 02-08-19), Campbell Soup Company has signed... more
IndustryThistle raises $10.3 million in the series B funding round
The organic food company aims to expand its customer base in 2021
Thistle, the San Francisco-based meal delivery service, raised $ 10.3 million during a Series B funding round led by PowerPlant Ventures. The latter was joined by Siddhi Capital, Alumni Ventures Group... more
IndustryTyson Ventures invests in vegetable shrimp
New Wave Foods raises $ 18 million in a series A funding round
New Wave Foods, a San Francisco, California-based manufacturer of a plant-based shrimp alternative, raised $ 18 million in a Series A funding round, Forbes reported. This figure includes an investment... more
IndustryFrance: Innatis acquires Domaine des Coteaux
The fruit company expands its range and diversifies its summer stone fruit production
French fruit company Innatis acquired stone fruit producer Domaine des Coteaux for an undisclosed sum. Since its foundation in the 1950s, Innatis has distinguished itself for its production, packaging... more
IndustryFive italian companies join forces for a new compostable packaging project
Initiative led by the Ima Flx hub, concretely testify the Ima "Zero philosophy" of the Group
Five companies of excellence in the Italian supply chain are playing an important role as technological innovators in the transition process towards the circular economy, and they are Ima, Novamont, Saes... more
IndustryMetro strengthens in Spain with the acquisition of Davigel
An agreement between Sysco France, Davigel Spain and Makro Spain
Metro acquires Davigel España, a restaurant services company (FSD) until now controlled by the US wholesaler Sysco, to strengthen the company's strategy in the Spanish horeca market, where it operates... more
IndustryAryzta sells the remaining stake in Picard
Agreement with Lion Capital and Invest Group Zouari for approximately 24 million euros
Food company with global interests Aryzta has reached an agreement with Lion Capital and Invest Group Zouari (Igz) to sell its remaining 4.64% stake in Picard for approximately € 24 million. In 2019, A... more
IndustryMcCormick acquires Fona International
The operation is worth 710 million dollars
Fona, which is headquartered in Illinois, has $ 114 million in annual revenues, has 220 employees and has a center dedicated to technology innovation. more
CoffeeDe’ Longhi Group finalizes the acquisition of Capital Brands Holdings
United States becomes the first market for the Treviso Group
Following the completion of the authorization process by the competent bodies (in particular the Antitrust bodies) and the occurrence of the conditions precedent, the De' Longhi Group finalized the contract... more
IndustryAgricultural machinery: Mps support Ama with Italy Sace Guarantee
2 million to face the decline in activity due to Covid
Ama puts 2 million in a loan from Monte Paschi di Siena bank with Sace's Italy Guarantee. The leading Italian company in the supply of components for the preparation and maintenance of Off Highway Vehicles... more
IndustryAryzta rejects Elliott's € 734 million offer
The Group will sell business units in North America and Latin America
Swiss based Aryzta Group has rejected a € 734 million acquisition offer from the US investment firm Elliott and has announced its intention to sell its business units in North America and Latin America. E... more
IndustryAcqua Sant'Anna, 10 million investment in technology
By February 2021, the company's laser-guided robots will reach 45 units
Alberto Bertone, president and chief executive officer of Acqua Sant'Anna, announces the investment of 10 million euros aimed at expanding the range of LGV robots and the purchase of a new bottling line,... more
IndustryBarilla rewards employees
Allocated 11 million to be divided among the 8400 employees in the world
As a sign of appreciation for the dedication shown in 2020, the Barilla group will distribute a total amount of 11 million euros to its employees around the world. This special recognition is in addition... more
IndustryInspire Brands, acquisition of Dunkin' Brands is completed
The Group's restaurants are now 31,600, with a turnover of 26 billion
Inspire Brands, announced the completion of the $ 11.3 billion acquisition of Dunkin' Group. With the annexation of Dunkin' and Baskin-Robbins, Inspire now owns nearly 32,000 restaurants in more than 60... more
IndustryEnervit sells the Swedish subsidiary
Fjordviken Holding acquires the entire stake
Italian Milan based Enervit has signed a contract for the sale to Fjordviken Holding of the entire stake in the Swedish Enervit Nutrition AB, for 111,700 crowns. Fjordviken Holding will continue to be... more
IndustryCariplo Factory and BacktoWork support startups in crowdfunding
Advice, training and preparatory services for raising capital
The partnership between Cariplo Factory, the innovation hub created by the Cariplo foundation in 2016, and BacktoWork, an equity crowdfunding platform, is underway to support startups during the process... more
IndustryArçelik A.Ş, owner of Beko and Grundig, acquires 60% of Hitachi Gls
A transition worth 300 million USD
Arçelik A.Ş. and Hitachi Global Life Solutions, (Hitachi Gls) have signed a share purchase agreement with the aim of forming a new joint venture company. As part of the transaction, Hitachi Gls will f... more
IndustryErgon invests in Millbo and BioNaturals
A leading natural ingredients Group is born offering clean label solutions to industrial bakeries worldwide
Ergon Capital Partners IV SCSP announced the closing of the acquisition of a majority stake in Millbo, BioNaturals International and BioNaturals Europe (together “MillboBioNaturals”). The Group is a l... more
IndustryThe Equinox fund buys the Clas pesto
Acquired 80% of the Ligurian company founded in 1989
The private equity fund Equinox announces that it has reached an agreement for the entry with a majority stake (80%) in the capital of Clas, a Ligurian company world leader in the production of ambient... more
IndustryDe Longhi approves the distribution of the dividend
0.54 euros for each share having the right
The Shareholders Meeting of De' Longhi SpA met today, unanimously approved (89.46% of the total amount of voting rights) the proposal formulated by the board of directors for the distribution of a dividend... more
Conserved and jamsCampbell, 1st quarter revenue increase of 7% from soup sales
Strong growth recorded in United States and Canada
Campbell Soup Company recorded a 7% increase in first quarter net sales to $ 2.34 billion during what it calls the "heart of the soup season". During its first quarter of fiscal year 2021, the company... more
CoffeeSelecta and Nestlé, extended partnership for the distribution of coffee throughout Europe
After Starbucks, also the premium brands Nescafé and Zoégas
Selecta Group, a European self-service retailer, has extended its strategic partnership with Nestlé, and will distribute Nestlé's premium coffee brands in Europe for another five years. Following the n... more
IndustryEurostands lands in the Middle East with a new representative office
The company could build the pavilions of Expo Dubai 2021-22
Eurostands, an Italian company active for over 70 years in the exhibition, fitting out and retail sector, after having adapted to transformations to overcome the economic crisis, finds new life and continuity... more
IndustryUnilever completes the unification process, becomes a UK listed company
It will maintain listings on the Amsterdam, London and New York stock exchanges
Unilever has completed the legal unification of its group; Unilever Plc will operate under a single parent company from today. Since its establishment in 1930, the company has been owned by two different... more
IndustryDe′ Longhi acquires Capital Brands for $420 million
US first market of the Group, aggregate turnover $500 million
De 'Longhi has reached an agreement with the affiliates of Center Lane Partners to acquire Capital Brands Holdings, Inc., one of the leading companies in the personal blenders segment with the Nutribullet... more
IndustryCelli plays poker with T&J Installations
The group expands into beer in the UK with the fourth M&A
Celli plays poker with the English T&J Installations and scores the fourth M&A overseas in five years. In March, the Rimini group, global leader in the sector of beverage dispensing systems and accessories,... more
IndustryIngredients, Aksìa Capital conquers Nappi 1911
The family will remain involved in the management, will retain a minority stake
Aksìa Capital V, fund managed by Aksìa Group Sgr SpA, announces the acquisition of Nappi 1911, a historic Italian company active in the production and sale of ingredients and semi-finished products for i... more
IndustryCovid does not stop Barry Callebaut, sales resumed in the 4th quarter
Recovery of 4.3%, as anticipated by the company at the beginning of the year
Barry Callebaut confectionery company founded in 1996 from the merger between the Belgian chocolate producer Callebaut and the French confectionery company Cacao Barry, after a 14.3% decline in revenues... more