From understanding when to exit to securing favorable agreements with co-manufacturers, food and beverage startups are facing a myriad of business challenges that are likely to persist throughout 2024 as private-equity capital continues to dry up, Christopher...
Grupo Bimbo SAB de CV acquired Natural Bakery in Winnipeg, Canada, and made a minority investment in Delaware-based Olyra Foods during its first quarter, which saw net profit down 9.4%, citing the sale of its confectionary business in the same quarter...
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’.
Mexican bakery giant Grupo Bimbo posted a 66.9% increase in fourth quarter net profit, along with a 74.7% bump up for FY 2021 to reach 15.9 billion pesos ($78m).
Ulusoy has secured a 6-year, US$25m senior debt facility from Dutch entrepreneurial development bank FMO to fund the acquisition of a prominent consumer brand, which will enable it to move from an exclusive B2B business into B2C channels.
US-based global snacking heavyweight Mondelēz International taps into the mass appeal of protein bars as it acquires a significant majority interest in the UK's leading protein bar brand Grenade.
Lantmännen Unibake has acquired the production assets of Norwegian concern French Bakery Company AS to meet consumer demand for locally-produced products.
Mondelēz International is expanding into the bakery category with a $1.2bn acquisition of a majority stake of Give & Go Prepared Foods Corp from private equity firm Thomas H. Lee Partners.
Orkla Food Ingredients, part of Orkla Group, has entered into an agreement to purchase a majority stake in Greek confectionery, bakery and ice-cream business Stelios Kanakis Industrial and Commercial.