Mergers and acquisitions

Danone began its collaboration with Yakult in 2004.

news in brief

Danone to sell stake in Yakult

By Jim Cornall

French-headquartered dairy giant Danone said today that in accordance with its focus on capital allocation discipline and balance sheet strength, the company is selling its 6.61% stake in the Japanese company Yakult Honsha Co. Ltd.

Photo Credit: Oumph!

The LIVEKINDLY co. acquires Swedish plant-based meat brand, Oumph!

By Mary Ellen Shoup

The LIVEKINDLY co., which launched in March with the ambition of becoming one of the largest plant-based food companies, has acquired Swedish plant-based meat brand, Oumph!, known for its soy-based burgers, strips, and pulled meat products.

Image: Getty/Natee Meepian

Solina looks for European expansion with German acquisition

By Oliver Morrison

French supplier Solina has completed the acquisition of German-based Hagesüd, which produces spice blends for the meat processing industry. Solina says the purchase will allow it to expand B2B activity in the German market, and also develop its plant-based...

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).

Pasticceria Quadrifoglio has two production sites near Modena, Italy.

Emmi acquires Pasticceria Quadrifoglio

By Jim Cornall

Swiss dairy company Emmi has acquired Italian dessert company Pasticceria Quadrifoglio srl as part of its strategic growth in the sector.

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