The bakery market is remaining resilient in the face of continued market pressures, as merger and acquisition (M&A) activity remains strong in 2023, Craig Gibson, managing director at TM Capital, shared during an International Dairy Deli Bakery Association...
Dutch health and nutrition specialist DSM has merged with the Swiss flavor and fragrance company Firmenich International SA to form a new, 30,000-strong entity – DSM-Firmenich.
Calbee has earmarked around 140 billion yen (US$1bn) for M&A, automation, equipment and facility upgrades to fortify its operations both at home and abroad.
How is the food industry stacked up for 2023? Will the inflationary environment cripple the sector? Is supply chain back up and running or will we still see shortages? What is trending and what will hit shelves?
The bakery and snacks sector has been one of the busiest sectors impacted by M&A (mergers and acquisitions) in the ingredient space over the past decade.
The US-based mission driven company has acquired the humanitarian snack brand created by Hollywood brat pack Kristen Bell, Ryan Devlin, Todd Grinnell and Ravi Patel to shine a spotlight on the hunger crisis.
Italian dairy group Granarolo has acquired a 51% stake in protein start-up White & Seeds, with the option to take full control of the business ‘in the next few years’.
Axereal’s malt subsidiary Boortmalt has doubled its capacity to 3m tons annually through this acquisition and now boasts 27 malting facilities on five continents.
The retail expansion (outside of the US and Canada) marks another big move for KIND, two years after Mars Inc. staked a minority claim in the snack bar disruptor.
The terms of KIND's first-ever acquisition were not disclosed, but the company said it would harness its distribution network and R&D capabilities to speed up innovation for Creative Snacks.
PepsiCo's net revenue increased more than 4% in the third quarter, with big-name snack brands, Quaker and smaller premium brands boosting sales and profits.
VMG Partners, a private equity firm specializing in better-for-you food and beverage brands since 2005, announced its acquisition of popchips and the launch of an investment arm and incubator for the next snacking era.
Fresh off the heels of announcing a snacking innovation center in Chicago, the company will offload a part of the business it absorbed in the October 2018 deal with Pinnacle Foods.
Shortly after releasing its 2019 fiscal year earnings, the soup and snack company said it would sell UK-based Kettle Foods and Netherlands-based Yellow Chips to a private equity firm.
The segment – currently valued around $9m – will reach $24m by 2025 as consumers expand further into health-conscious, better-for-you choices, according to Research and Markets.
US pork rind snack producer Evans Food Group has been acquired by Highlander Partners through its newly-formed food platform Benestar Brands, which is to be headed by Carl E. Lee, former CEO of Snyder’s-Lance.
Campbell Soup has agreed to sell Australia’s biggest biscuits company to voracious US private equity firm Kohlberg Kravis Roberts (KKR) - which purchased RJR Nabisco in 1988 - finally ending an auction process that lasted almost a year.
The German snack conglomerate has procured a minority stake in the Australia and New Zealand units of Philippines-based peer Universal Robina Corp. (URC), giving it greater exposure down south.
New York-listed TreeHouse Foods has agreed to sell its Snacks Division - one of North America's largest producers of private label healthy snacks - to Atlas Holdings for $90m.
The grain, oil and pulse supplier has launched a digital storefront to support producers seeking non-GMO ingredients – including its Suntava Purple Corn – in quantities under 4k pounds.
The UK snack brand is upping the size of its workforce at its recently upgraded site in Leicestershire to cope with the rising demand around the world for its snacks.
Mexico’s Grupo Bimbo began as a humble family store in 1945, growing into the largest baking company in the world and a relevant player in snacks, with net sales of $14.2bn in 2017.
CH Guenther & Sons (CHG), which supplies buns and English muffins to quick-serve restaurants (QSR) and grocers, has finalized a deal to acquire Mid South’s extensive bun business, including the supply of 3,500 McDonald’s restaurants across the US.
Orkla Foods Danmark A/S is continuing is momentous acquisition surge with the procurement of bakery ingredients supplier Zeelandia Sweden AB from Dutch firm Koninklijke Zeelandia Groep B.V.
The founder of Rebel Mylk acquired London-based Ape Snacks, which produces rice-based puffs and coconut snacks, and fruit and vegetable chips startup Emily Crisps, creating a new snacking company.
Ferrero has edged out Hostess to capture the cereal giant’s cookie, fruit snacks and ice cream cone family of brands, including Famous Amos, Murray’s and the Girl Scouts of the USA brand Little Brownie Bakers, plus Stretch Island and Fruity Snacks.
Twinkie-maker Hostess Brands and Ferrero are reportedly the frontrunners in the race to buy Kellogg’s Keebler, Famous Amos, Murray and Mother’s cookie businesses, as well Stretch Island fruit snacks business, in a roughly $1.5bn deal.
Everfoods, the packaged foods platform controlled by private equity firm Everstone Group, has entered into an agreement to acquire Cookie Man from Australian Foods India for an undisclosed sum.