M&As this week: Fuji Oil Holdings, Agrana, Paradise Company

Fuji Oil Holdings has acquired Industrial Food Service Pty Ltd, a chocolate and cocoa products manufacturer based in Australia.

Fuji Oil Holdings is a Japanese developer, producer and seller of food ingredients.

The acquisition is expected to expand Fuji Oil Holdings’ chocolate business.

Austria-based ingredients producer Agrana has acquired a 49% stake in Algerian fruit preparations producer Elafruits SPA.

The acquisition will enable Agrana to strengthen its business operations in the African market.

Paradise Company has acquired Papua New Guinea-based ice cream, dairy, and health and beauty care products provider Laga Industries from the Steamships Trading Company.

Based in South Korea, Paradise Company produces, packs and distributes candied fruit, while Steamships Trading Company is a Papua New Guinea-based company that is primarily engaged in the shipping, transportation, property, manufacturing and hotel businesses.

Elior Group has entered an agreement to acquire Bateman Community Living.

France-based Elior Group is a commercial catering and foodservice company, while Bateman is a subsidiary of the Compass Group that focuses on catering and management services.

The acquisition is expected to enable Elior Group to expand its position in the senior nutrition market in the US, as well as expand its business operations and market reach.

Anglia Crown Ltd has been divested as part of a management buyout.

UK-based Anglia Crown is a provider of ready-made meals for the healthcare and hospital sectors.

Paul Howell and Andrew Lone are the new owners of the company following the deal, which was previously owned by a UK-based fresh prepared foods company known as the Bakkavor Group.

Burger King Espana has acquired Megafood for a sum of €100m ($116.7m).

Burger King Espana is a Spanish fast food chain operator and the owner of the exploitation rights to the Burger King brand across Spain and Portugal, while Megafood is the biggest franchisee of the Burger King brand in Spain.

Metrospaces has announced that Etelix has spun off as a public company in a reverse takeover of PureSnax International for $0.19m.

PureSnax will assume complete ownership of Etelix, while Metrospaces will hold a 44% stake in PureSnax upon completion of the transaction.

Metrospaces is a private equity firm, while Etelix is a telecommunication and technology services provider and PureSnax is a producer of health foods, snacks and food ingredients.

All of the entities involved in the transaction are based in the US.

The acquisition is expected to help strengthen Etelix’s business operations.