Industry
61 news found

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... 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... 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... 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... 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... 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 t... 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