Mergers and acquisitions

Image source: GettyImages/z_wei

Ingredients sector tops food and drink M&A

By Flora Southey

An average of 15 food and drink acquisitions were recorded every week of 2019, according to Zenith Global. The ingredients sector was the most active, with 65 transactions listed worldwide.

Nestlé USA is the second largest ice cream manufacturer in the US, and Froneri will now be the second largest ice cream manufacturer in the world.

Froneri scoops Nestlé’s US ice cream division for $4bn

By Beth Newhart

Froneri started as an ice cream-focused joint venture between Nestlé and PAI Partners in 2016, and the relationship will be furthered by the acquisition of Nestlé USA’s collection of ice cream brands.

DSM said the acquisition will strengthen its product portfolio and application know-how and expertise in solutions for semi-hard cheeses such as Gouda and Edam. Pic: DSM

DSM to acquire CSK

By Jim Cornall

Dutch-based Royal DSM has reached agreement with the shareholders of specialty dairy solutions provider Koninklijke CSK Food Enrichment C.V. to acquire 100% interest in the company for about €150m ($166m).

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