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CoffeeCaffè Segafredo celebrates a new opening in Saudi Arabia
5th coffee shop inaugurated in Al Khobar
Segafredo Zanetti Espresso begins the new year with the opening of a café in Al Khobar, Saudi Arabia, which marks the fifth inauguration in the city and the fifteenth in the country. "Segafredo has embarked... more

Frozen foodsNomad Foods enters to acquire Fortenova Group’s Ffbg
Goal: Acquisition of market-leading frozen food brands across Europe
Nomad Foods Limited announced today that it has entered into exclusive negotiations to acquire Fortenova Group’s Frozen Food Business Group (FFBG), which includes Ledo, Frikom and other leading frozen b... more

Economy and financeCortilia: new 34 million round and transformation into a B-corp
Renzo Rosso enters the capital and the board of directors
Cortilia, announces conclusion of a new round of investments worth 34 million euros, underwritten by the existing shareholders and by Red Circle, and the transformation into a benefit company. Red Circle... more

Economy and financeBreeding and climate change: the final report of Life Forage4Climate project
Techniques to reduce GHG emissions and increase soil carbon uptake/Report attached
Everyday we have signs of the climate that is changing: temperatures higher than the seasonal average, extreme events such as water bombs and heat waves and agriculture pays the consequences, with droughts... more

ForeignVenchi debuts on Broadway
The new store in New York opens at Columbus Circle
Venchi Fine Italian Chocolates has opened its doors at 1796 Broadway between 58th and 59th Streets in Columbus Circle. Founded in 1878, Venchi sells a wide variety of gluten-free gourmet chocolates, pralines,... more

Packaging and logisticsGreensan Limited designs new factory in Italy
The group specialized in compostable packaging has a partnership in JV with Competitive Green Technologies
Greensan Limited Srl, a leading Italian company in the production of compostable and biobased materials for packaging and disposable (shopping bags, pods, capsules and stirrers for coffee, cutlery, glasses,... more

Mineral waters and drinksWhite Knight for Acque Minerali d'Italia
Clessidra and the American fund Magnetar attend in concordat
The American fund Magnetar and the Italian Clessidra go to the rescue of Acque Minerali d'Italia, the holding company that owns the Norda, Sangemini and Gaudianello brands, controlled by the Pessina... more

Economy and financeBanca Generali invests in Treedom
The Florentine start-up is focused on reforestation
Treedom, a Florentine startup focused on reforestation, collected a 3 million euro investment from Banca Generali, subscribed through its 8A + Real Innovation fund. The investment is part of BG4Real, the... 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

BeverageC&C Group acquires a minority stake in Innis & Gunn
Scottish craft beers will be distributed in the UK and Ireland
C&C Group has made an investment in Innis & Gunn, taking an 8% equity stake in the Scottish craft brewer. Through the partnership, C&C Group will sell and distribute Innis & Gunn’s range of craft beers a... 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

HealthPalforzia of Aimmune is the first treatment for peanut allergy in the EU
Approved the use of the biological drug, developed by Nestlé health science company
The European Commission has approved the use of Palforzia (defatted powder of Arachis hypogaea L.) for the treatment of peanut allergy in the European Union (EU). Developed by Aimmune Therapeutics, Inc.,... more

Conserved and jamsCanned tuna: the importance of label
For Nostromo observatory (Grupo Calvo), 60% of Italians check the expiration date and origin
Two-thirds of canned tuna consumers, especially the youngest, regularly consult labels on the packages, recognizing the importance of the information available. Among these, the expiry date (64%), the... more

BeverageCoca-Cola, the European bottler chooses Holland
The Group chooses the Netherlands as its home member state
Coca-Cola European Partners (Ccep) has chosen the Netherlands as a home member state following the UK's exit from the European Union for the purposes of the Transparency Directive. The company announced... more

LiqueursPernod Ricard bets on soft drinks
It acquired a majority stake in Ceder's
Pernod Ricard acquired a majority stake in Ceder's, of which he just was an exclusive UK distributor and marketer from 2018. more

Veg worldMars chocolate is becoming more and more vegan
Bounty Vegan and Topic Vegan arrive in the UK and Asda
Mars has expanded its range of vegan and gluten-free chocolate with the introduction of Bounty Vegan and Topic Vegan in the UK. The vegan alternative Bounty is a combination of cocoa and cubed coconut,... more

Packaging and logisticsNewCold is consolidated in Italy
The acquisition of Pacaro Logistica has been signed
The Pacaro structures near Rome thus complement those of NewCold that will be built in Milan area. more

Cheese and dairy productsThe new Italian giant of PDO cheeses is born
Parmareggio takes sole control of the Agriform business unit
On the one hand, the leader of Parmigiano Reggiano which belongs to the Bonterre group (over 1 billion in revenues); on the other, the first Venetian reality of DOP cheeses (Grana Padano, Asiago, Piave and others). more

MeatsAsda, or rather the oxymoron supermarket
Test bench of "vegan butcher" was inaugurated
"How do you say 'oxymoron' in Great Britain"? It is not a joke, but the question that arises spontaneously in the face of the news, which has come from across the Channel, of the experimental inauguration... more

MeatsVion plans to acquire a Belgian beef company
Objective: to consolidate the position in Western Europe
Vion Food Group has announced plans to acquire Adriaens, a beef producer based in Zottegem, Belgium, as a maneuver to expand its position in the country. Based in the Netherlands, Vion is an international... 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

Oils and condimentsUnilever sells its latest stake in Bertolli to EnricoGlasbest
The deal ended for an undisclosed sum
Unilever sold its remaining stake in Bertolli to Dutch food group EnricoGlasbest, which will become the new owner of the business, including the rights to pasta, sauces and pesto in Europe. The deal, concluded... 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

WinesConstellation Brands and E&J Gallo complite $ 810 million wine deal
The sale includes part of the portfolio, five wineries and the polyphenolics asset
Constellation Brands has completed the sale of over 30 wine brands to E&J Gallo Winery, two years after the agreement was announced. Closing of deal follows Federal Trade Commission approval on December... more

WinesItalian Wine Brands distributes the dividend despite Covid
Will be paid 0.4 euros per share
The board of directors of Italian Wine Brands, a company listed on AIM Italia, has approved the proposal for the distribution of an additional ordinary dividend of € 0.4 for each share that will be entitled t... more

PetfoodCinven takes over Landini Giuntini
Ok of antitrust: there isn't constitution of a dominant position
Ok from the Italian antitrust to the acquisition, by Cinven Capital Management (through Artemis Acquistions Limited, wholly owned and controlled by the Sixth Cinven Fund), of the Italian Landini Giuntini,... more

FishAntitrust: ok the acquisition of Lagumar Seas by Pai Partners
The transaction in Italy concerns Riunione Industrie Alimentari and doesn't create a dominant position
Green light by the Italian antitrust to the acquisition of the Spanish group Lagumar Seas (parent of the Iberian fish brand Angulas Aguinaga, 220 million euros in turnover in 2019) by Maverick Directorship... more

Cheese and dairy productsDairy products ranked 1st in the cart of Italians
In 2020, milk, yogurt and cheeses saw sales grow by 8.4%
Boom in food & beverage spending in 2020: the lockdowns that have occurred during the year and the restrictions imposed to contain the pandemic, have led Italians to spend more time at home and, therefore,... more