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.”
Nestle SA has accelerated its product development process by 60% since 2016, according to the company. The faster speed to market has been achieved through a restructuring of its research and development process. Now the company is investing in various forms of artificial intelligence (AI) and machine learning to further improve its R&D process and generate better results.
German chemicals distributor Brenntag has confirmed potential takeover talks with US rival Univar Solutions and is understood to be debating the feasibility of a potential acquisition in the coming months. Univar Solutions confirms that it has received a preliminary indication of interest from Brenntag regarding a potential transaction.
Cargill has announced the acquisition of Owensboro Grain Company, a soybean processing facility and refinery located in Kentucky. The purchase of the Owensboro-based company will support Cargill’s efforts to “modernise and increase capacity across its North American oilseeds network to support growing demand for oilseeds driven by food, feed and renewable fuel markets”.