NIGERIA > Barcelona based GBfoods and Africa focused investment firm, Helios Investment Partners, form JV

GBFOODs logo photoshop The joint venture of GBfoods and Helios Investment Partners is set to acquire certain assets and leading brands in Africa to operate in 30 African countries with leadership positions in Nigeria and Ghana. The joint venture has acquired various African companies including leading brands such as Jumbo (bouillon), Gino and Pomo (tomato paste),  Jago (milk powder and mayonnaise) and also More …

SPAIN > Switzerland based Nestlé invests 37 million euros ($ 44.3 million) to expand its Girona plant in Spain

nestle photoshop logo With the aim of developing its production capacity for instant coffee, Nestlé, a food multinational firm, has invested 37 million euros ($44.3 million) in Nescafé factory in Girona, Spain. According to Nestle CEO, Laurent Dereux, the new production line will feature the latest technology that will allow Nescafe to make the most technologically advanced products in larger volume. The production More …

COLOMBIA > US based Cargill Acquires Colombia’s Pollos El Bucanero

bucanero-pollos Cargill announced in June 2017 that it has acquired Colombia-based Pollos El Bucanero S.A. (Bucanero Chicken), a consumer brand selling packaged chicken and processed meats products in retail stores throughout Colombia. According to Dnero, a Colombia-based new magazine, Bucanero invested about $100 million in modernizing its production facilities prior to acquisition by Cargill. About Pollos El Bucanero S.A. — or Bucanero More …

SINGAPORE > Italy’s Ferrero Opens Singapore Innovation Center

ferrero According to Ferrero’s press release, the company officially launched its Innovation Center in Singapore: the company’s first Asian innovation center. The center is designed to strengthen Ferrero’s position by furthering innovation in the areas of health and nutrition, new raw materials, product research and development and consumer insight. Ferrero’s decision to open the Innovation Center in Singapore is “motivated by its strategic location More …

USA > France’s Danone Completes Acquisition of US Based WhiteWave

WhiteWave-food In April 2017, France based Danone formally completed its acquisition of US based WhiteWave with WhiteWave shareholders receiving $56.25 per share in cash. According to Danone’s Press Release, Danone and WhiteWave will combine their activities in North America to operate as a Strategic Business Unit “DanoneWave” with Lorna Davis appointed as the Chief Executive Officer of the combined entity. About More …

USA > Japan based Ajinomoto to Invest $39 MM in Manufacturing Plant in Missouri

ajinomoto Ajinomoto Windsor, Inc., a subsidiary of Japan based Ajinomoto, that produces frozen food, will be further expanding its frozen foods business in North America by building a new frozen appetizer production plant in Joplin, in the state of Missouri, US. The new facility valued at $39 million is expected to open in late 2017 and will be bringing in 220-240 More …

VIETNAM > US based KKR to invest $250Mn in Vietnam based Masan Group

Kohlberg_Kravis_Roberts_(logo).svg US based KKR to invest $250Mn in Vietnam based Masan Group. KKR’s investment is comprised of a $100 million purchase of secondary shares of Masan Group from PENM Partners and $150 million primary investment in Masan Nutri-Science for a 7.5% stake. This is KKR’s second investment in Masan; KKR previously invested $359 million in Masan Consumer.   About Masan Group More …

USA > Luxembourg based JAB Holdings to acquire Panera Bread for $7.5Bn

PaneraLogo Luxembourg based JAB Holdings is slated to acquire USA based Panera Bread for $7.5Bn. The deal includes $315 per share in cash including the assumption of approximately $340 million of net debt. The transaction is expected to close during the third quarter of 2017. For Panera, Morgan Stanley & Co. is serving as financial advisor while Sullivan & Cromwell is serving as legal More …