Bakery ingredients supplier CSM Bakery Solutions has finished renovations at its Bradford, UK, bakery, which will lead to 100 jobs being created over the next three months.
Is there appetite for M&A activity in 2012? Food market watchers reckon the sector could see some heavyweight deals next year despite the on-going credit lending challenges.
German confectionery agents maker Kaul has been snapped up by private equity fund Riverside, which plans to speed international growth for its new ‘hidden champion’.
UK private equity firm 3i will shed food ingredients business Braes
Group to Spanish biotech firm Natraceutical in a €80 million deal
announced last week, reports Lindsey Partos.
Chr Hansen is already on the look out for new acquisitions as the
firm enjoys a fresh financial thrust from its new private equity
owners, PAI partners, reports Lindsey Partos.
The number five flavours and fragrances maker has been bought by
private equity group EQT. The company is to be merged with rival
firm Dragoco, creating a new company with a sales potential of
€1,245 million.
Danone, the French foods group, said on Wednesday that it had
agreed to sell its Italian cheese and ham unit, Galbani, to BC
Partners, a private equity fund, for E1.02bn.
Italian food group Parmalat said on Tuesday it would spend a
maximum of 100 million euros ($89.13 million) if it bought Danone's
Galbani unit while a financial partner would take a majority stake
in the firm.