Brazilian food giant BRF has denied it has joined a bid to buy Kuwait’s Americana, weeks after it bought a 75% stake in Al Yasra Foods, its Kuwaiti distributor, for US$160m.
Archer Daniels Midland (ADM) will buy WILD Flavors for €2.3bn citing fast-growing demand for natural food and beverage flavors and ingredients as the rationale.
Iglo Foods Group is mulling over its future strategy following owner Permira’s cancellation of plans to refinance the business with a reported €500m after efforts to sell it failed.
Frozen food business - Iglo - is up for sale as the private equity group behind it - Permira - is getting out after five years of ownership; the asking price is set to be in the region of €3bn.
Rudolf Wild GmbH has sold some shares to asset manager Kohlberg Kravis Roberts & Co (KKR) in preparation for an eventual public listing, and plans to form a global flavour business with its US affiliate this year.
Private equity moves deeper into food ingredients industry, with
European equity provider ABN AMRO Capital buying up ingredients
distributor IMCD from AlpInvest Partners, reports Lindsey
Partos.
