Deals this week: Hempler Foods Group, Mondelez, Beloxxi Industries

Meat product manufacturer and distributor Hempler Foods Group will acquire the business and certain assets of Fletcher's Fine Foods in a transaction that is expected to be completed in September.

A subsidiary of Premium Brands Holdings, Hempler Foods Group will acquire the Washington-based company’s entire production equipment except its plant in Algona, Washington, as part of the transaction.

Subject to customary conditions, the deal will see Hempler transferring production of Fletcher's Fine Foods products to its other facilities.

UK-based Burton’s Biscuit Company has entered an agreement with American snack manufacturer Mondelez to sell the global licence of Cadbury-branded biscuits, including Cadbury’s Fingers, for an undisclosed sum.

The acquisition of the global license will allow Mondelez to sell Cadbury-branded biscuits worldwide, including in the UK, France, Ireland, North America and Saudi Arabia.

Nigerian cream biscuit manufacturer, Beloxxi Industries Limited (BIL), has raised an $80m investment to boost its production and distribution operations.

The investment was raised through a consortium of investors, a private equity firm, and UK-based venture capital firm, DEG – Deutsche Investitions- und Entwicklungsgesellschaft.

The consortium includes 8 Miles LLP and African Capital Alliance (ACA).

According the terms of the transaction, the investors will hold a minority stake in Beloxxi Industries Limited.

Organic and natural food company GreenSpace Brands will raise C$4m ($3.04m) in a bought deal private placement of common shares in a transaction that is expected to be completed by the first week of September.

The company will offer 3.54 million common shares at C$1.13 ($0.85) each to Beacon Securities, the underwriter for the offering.

GreenSpace Brands is also providing an over-allotment option to the underwriters to purchase additional common shares. The option can be exercised at any time up to 30 days from the date of closure.