M&As this week: The Middleby Corporation, Bodega Latina

The Middleby Corporation has completed the acquisition of Ve.Ma.C Srl.

Based in the US, Middleby provides products and services to the foodservice industry, while Ve.Ma.C is an Italian designer and manufacturer of automation  solutions for protein food processing lines.

The transaction will strengthen Middleby’s capabilities in the field of automation and robotics by integrating Ve.Ma.C.’s product line with existing food processing equipment portfolio.

Bodega Latina Corporation has agreed to acquire food retail stores operator, Fiesta Mart. Both companies involved in the transaction are based in the US.

Fiesta stores will operate under their own banner following the transaction.

The acquisition will support Bodega Latina’s growth plans, and is expected to be complete by the end of Q1 2018.

Yonghui Superstores has agreed to acquire 10% stake in Zhanjiang Guolian Aquatic Products for CNY537.71m ($84.95m).

Yonghui is a supermarket operator, while Zhanjiang Guolian Aquatic Products is involved in the breeding, processing, and trading of seafood products. Both parties are based in China.

Enterprise Investors has acquired 65% stake in PAN-PEK d.o.o.

Based in Poland, Enterprise Investors is a private equity firm, while PAN-PEK is a Croatian company involved in the production and selling of bakery products and confectionery.

Swiss flavour producer Givaudan has entered an agreement to acquire 40.6% stake in Naturex for €522m ($645m).

Centred in France, the target company is a public listed company involved in the production of natural ingredients and solutions for the food, health and beauty sectors.

Campbell Soup Company has completed the acquisition of Snyder’s-Lance for $6.1bn.

Snyder’s-Lance will be combined with Campbell Soup’s Pepperidge Farm to form a single snacking company called Campbell Snacks.

Campbell Soup Company is a producer of canned soups and related products, while Snyder’s-Lance is a producer of salty snacks.

All parties involved in the acquisition are based in the US.

National Agricultural Development Company (Nadec) has entered a definitive agreement to acquire Danone’s subsidiary Al Safi Danone Company (ASD).

The acquisition will be funded by raising $143m in capital.

Nadec shareholders will own 61.25% stake in ASD, while the remaining stake will be held by the existing shareholders of ASD.

The acquisition will boost Nadec’s dairy products production capacity and widen its market reach in the UAE, Saudi Arabia, Bahrain, Jordan, Kuwait, Lebanon, and Iraq.