The Frito-Lay and Walkers Crisps maker has acquired a majority shareholding of Senselet Food Processing, an Ethiopian potato crisps company founded by Veris Investments in 2015.
A mega-merger between International Flavors & Fragrances Inc (IFF) and DuPont nutrition & biosciences unit will create a new industry giant worth more than $45 billion (€40.4 billion), say those involved in the deal.
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.
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).
A new report on investor attitudes to the food and ag-tech space suggested investors are weary of the ‘over-hyped’ meal kit delivery space. Increasing cash is expected to flow towards ag-tech and innovative food in the coming year.
UK specialist ingredients supplier Thew Arnott Group has finalized the sale of its food color business to German partner Extrachem for an undisclosed amount.
AAK said it is set to become one of the world’s ‘leading suppliers’ of speciality lecithin following the acquisition of a majority stake in UK-based Soya International.
UK food maker Greencore has acquired food-to-go company Freshtime. The deal expands its presence in a UK growth category that nevertheless remains highly competitive.
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.
FoodNavigator, in partnership with data provider Traxn, brings you a monthly round-up of the latest wheelings and dealings in the EMEA food tech start-up space.
