M&As this week: US Highland, Placio, Origine Group

US Highland has completed the acquisition of Supreme Sweets Inc for an undisclosed sum.

US Highland is a franchise development company, while Supreme Sweets is a manufacturer and distributor of bakery products.

Both companies are based in the US.

The transaction will enable US Highland to expand its growth across the south-eastern region of the US.

India-based student housing solutions platform Placio has completed the acquisition of Paco Meals.

Placio has also raised $50,000 through seed financing from undisclosed external investors.

Paco Meals is an Indian subscription-based food delivery start-up company.

The acquisition will enable Placio to design menus that transform student living with nutritious and tasty food using expertise from the culinary professionals within Paco Meals’ network.

Origine Group has completed the acquisition of Compagnia Italiana della Frutta and its brands Made in Blu and Fruitaly.

Brazil-based Origine Group is a fruit and vegetable producer, while Compagnia Italiana della Frutta is an Italian supplier of pears, apples and summer fruits.

The transaction will enable Origine Group to reinforce its commercial penetration in the overseas markets.

Saaremere Kala has completed the purchase of a majority interest in Osaühing Redstorm for an undisclosed amount.

The company now holds a 51% stake in Osaühing Redstorm following the deal’s completion, which is worth approximately €2,040 ($2,377).

Saaremere Kala is a research and investing firm and a subsidiary of AS PRFoods, while Osaühing Redstorm is engaged in activities such as the farming, processing and storage of fish produce.

Both companies involved in the transaction are based in Estonia.

The deal will enable Saaremere Kala to establish a fish farm in Estonia, as well as support the company’s plans for further expansion.

Hivest has completed the acquisition of Saint Mamet from Florac for an undisclosed sum.

Hivest is a private equity firm, while Saint Mamet is a fruit brand, and Florac is a research and investing firm.

All the companies involved in the transaction are based in France.

Roquette has entered an agreement to acquire all the outstanding shares in the Sethness Products Company.

Roquette is a French producer of plant-based ingredients, while Sethness Products Company is a manufacturer of caramel colouring products.

The transaction is subject to shareholders’ approval and is expected to be closed in the third quarter of 2018.

Bakery ingredients provider Orkla Food Ingredients has signed an agreement to acquire Igos A/S via its subsidiary Odense Marcipan.

Igos A/S is a provider of marmalades and syrups for the bakery industry, while Odense Marcipan is a manufacturer of marzipan-related products.

Both companies involved in the deal are based in Denmark.