FrieslandCampina has agreed a deal to acquire US-based cheese importer and distributor Jana Foods for an undisclosed sum, strengthening its position in the US speciality cheese market.
Jana Foods imports and markets FrieslandCampina’s Dutch cheese products in the US, along with other fine cheeses from the UK, Denmark, Australia, Ireland and others.
The companies have already worked together for several years to establish a strong market position for FrieslandCampina’s international cheese brands in the US, such as Kroon Cheese and Gayo Azul.
Jana Foods will be integrated into the FrieslandCampina Consumer Dairy USA business, and the former owner and CEO of Jana Foods Dan Lynch will remain involved in the business as its vice-president of imports and senior commercial advisor.
Roel van Neerbos, president of FrieslandCampina Consumer Dairy said: “This acquisition supports our strategy of investing for growth. This investment is in line with our strategy to grow our cheese business and strengthens our position in The Americas.
“This deal will allow us to offer consumers a wider portfolio of innovative products for the US market.”
Carlsberg has announced the departure of its chief financial officer (CFO), Heine Dalsgaard, after six years in the position. In a statement, Carlsberg said that Dalsgaard was resigning from the post to take up the role of CFO at a private equity-backed company in a different industry.
Kellogg will split into three independent companies to focus on the snack business, Reuters reported Tuesday. The snacking portfolio will comprise the main business, while the North America cereal unit and the plant-based business will be spun off. The company is also considering a sale of the plant-based business.
The snacks giant says the acquisition will help build on its commitment to “lead the future of snacking” in key geographies worldwide. Once the transaction is completed, Mondelēz will continue to operate the Clif Bar business from its headquarters in Emeryville, California. The snack giant will also continue to manufacture Clif Bars’ products, which include Clif Bar, Luna and Clif Kid, at its facilities in Idaho and Indiana.