2 June 2016
Deals this week: Nestor, Bright Food (Group) Co, Berli Jucker Public Company
French food delivery service Nestor has raised €0.9m ($1m) in seed funding in order to grow its business in Paris.
Focus:
News
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2 June 2016
Cargill signs agreement to acquire Five Star Custom Foods
Cargill has signed an agreement to purchase Texas-based Five Star Custom Foods, a firm that specialises in cooked protein products and custom prepared soups and sauces for the foodservice and...
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2 June 2016
Bridgepoint acquires Turkish snacks producer Peyman
Private equity firm Bridgepoint has acquired Peyman, a Turkish packaged dried fruit, nuts and seeds producer, from its founders and Esas Holding. Terms of the deal have not been disclosed.
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2 June 2016
Patties Foods accepts $232m acquisition bid from Pacific Equity Partners
Australia-based Patties Foods has agreed to an acquisition bid of approximately $232m from Pacific Equity Partners (PEP).
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2 June 2016
M&As this week: Philippine Long Distance Telephone Company (PLDT), Globe Telecom.
San Miguel Corporation (SMC), a Philippines-based food and beverage company, has entered an agreement with Philippine Long Distance Telephone Company (PLDT) and Globe Telecom, Inc. to sell its telecommunication business,...
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1 June 2016
Hormel Foods closes acquisition of Justin’s
Hormel Foods Corporation has closed the acquisition of Justin's, a manufacturer of nut-butter based snacks.
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1 June 2016
General Mills recalls ten million pounds of flour in US
General Mills has voluntarily recalled ten million pounds of flour in the US and is collaborating with health officials to probe into a multi-state outbreak of E.coli O121.
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1 June 2016
Pizza Hut to remove artificial preservatives in recipes from 2017
US-based fast food chain Pizza Hut has announced that it will eliminate artificial preservatives and use antibiotics-free chicken in its recipes from 2017.
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31 May 2016
Acid whey helps to create nutritious foods
Acid whey, a by-product of dairy products, can be used in the creation of nutritious foods, but several companies are yet to realise its potential, according to Arla Food Ingredients.
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31 May 2016
Germany to provide €100m in aid to dairy farmers
The German Government intends to offer €100m in aid to help dairy farmers cope with falling milk prices.