Greenyard to divest its food logistics business in Portugal
Belgium-based fruit and vegetable canning company Greenyard has signed an agreement to divest its Greenyard Logistics Portugal business through a management buyout (MBO).
Focus:
Belgium-based fruit and vegetable canning company Greenyard has signed an agreement to divest its Greenyard Logistics Portugal business through a management buyout (MBO).
Canada-based Lassonde Industries has acquired fruit-based snacks manufacturer Sun-Rype Products and its two affiliated companies in the US for C$89.3m ($68.7m).
The US-based company Flora Growth has entered into a letter of intent (LOI) to acquire a 90% stake in Colombia-based Kasa Wholefoods Company.
French private equity investment company Ardian will acquire bakery solutions provider Cérélia from the IK VII Fund, advised by IK Investment Partners.
Swiss multinational food and drink processing conglomerate Nestlé is set to sell a 60% stake in German sausage manufacturer Herta to Casa Tarradellas.
Indian consumer goods company Patanjali Ayurved has acquired debt-ridden food company Ruchi Soya reportedly under the Insolvency and Bankruptcy Code.
RPM International subsidiary Mantrose-Haeuser has acquired US-based dry stabiliser and emulsifier blends manufacturer Profile Food Ingredients.
UK-based food producer Cranswick has acquired free-range and outdoor farmed pig business Packington Pork from the Mercer family.
US-based meat company Shenandoah Valley Organic (SVO) has raised $15m for its Farmer Focus brand in a recent funding round.
US-based ingredients manufacturer Balchem has acquired contract food manufacturer Zumbro River Brand for its nutrition and health department.