Food & Drink

Bimbo enters Indian market with acquisition of Ready Roti

May 26, 2017

Grupo Bimbo S.A.B. de C.V. has acquired a 65% stake in Ready Roti India Private Ltd., a New Delhi, India-based maker of bread, pizza bases, and sweet and savory buns. Financial terms of the acquisition were not disclosed. Ready Roti operates four plants, has more..

Lancaster Colony names David Ciesinski CEO

May 26, 2017

The Board of Directors of Lancaster Colony Corporation has appointed David A. Ciesinski as CEO and principal executive officer effective July 1, 2017. Mr. Ciesinski will also join the Company’s Board of Directors effective that same date. John B. (“Jay”) Gerlach, Jr., the Company’s current..

Dawn and Dunbia announce UK joint venture ahead of Brexit

May 25, 2017

Dawn Meats has entered into a strategic partnership with rival Dunbia, which will see the establishment of a joint venture in the UK, comprising the UK operations of both organisations. The tie-up, which is subject to regulatory approval, will also see Dawn Meats acquire Dunbia’s..

Lavazza acquires Kicking Horse Coffee

May 25, 2017

Lavazza Group, an Italian roaster operating in more than 90 countries, has purchased an 80% stake in Kicking Horse Coffee, Ltd. from private-equity fund Swander Pace Capital. Founded in 1996, Kicking Horse Coffee, is a Canadian maker of organic and fair-trade coffee for the Canadian..

Ausnutria acquires Victorian dairy manufacturer ADP

May 25, 2017

Hong Kong dairy company Ausnutria has announced the start of its acquisition of Victorian dairy manufacturer Australian Dairy Park (ADP). Once the acquisition is complete, Ausnutria will hold all the business of ADP, including the manufacturing, packaging and sale of dairy and milk powder products..

Lactalis agrees to acquire German milk processor Omira

May 25, 2017

French dairy company Lactalis has agreed to acquire German dairy producer Omira for an undisclosed amount. The milk processor has an output of more than 830 million kilograms of milk a year, as well as a range of products that includes UHT milk and dairy-based..

Brazil’s JBS and controlling family hire Bradesco for asset sale plan – sources

May 24, 2017

Brazil’s JBS SA and its controlling shareholders, facing financial fallout from a corruption scandal, have hired Banco Bradesco SA’s investment banking unit to work on a plan to sell several assets, three people with direct knowledge of the situation said on Tuesday. Members of the..

Bunge says not in talks with Glencore following approach

May 24, 2017

U.S. grains trader Bunge Ltd said on Tuesday it was not in talks with Swiss mining and commodities group Glencore Plc, after the latter said it had made an informal approach to discuss “a possible consensual business combination.” Both statements were triggered by a Wall..

Bellamy’s names John Ho chairman, Murphy director

May 23, 2017

Embattled infant formula maker Bellamy’s has continued to rebuild its board and leadership, yesterday electing Hong Kong-based investor John Ho as its new chairman and appointing former Foster’s boss John Murphy as a director. Mr Ho, an Australian citizen with business interests in China and..

Kraft Heinz said to be considering takeover of Colgate-Palmolive

May 23, 2017

Kraft Heinz, the deal-hungry food manufacturer that in February gave up on its plan to acquire Unilever), is considering a takeover of Colgate-Palmolive. According to a person claiming to have knowledge of the matter, Kraft has lined up tens of billions of dollars from multiple..