Mexican breadmaker Grupo Bimbo said on Thursday it has entered the African market with the purchase of Adghal, a Morocco-based producer of baked goods.
Financial details were not provided.
Adghal reported sales of some $11 million, three plants and specialized in pastries and cupcakes, Bimbo said in a statement.
Bimbo is one of the world’s biggest breadmakers, with operations in the United States, Canada, Latin America and China as well as the Iberian peninsula and Britain.
Bimbo’s food business chief said last week it planned to grow in China through acquisitions, expand in the rest of Asia, and enter Middle Eastern markets.
L’Oréal has acquired Lactobio, a Dabish probiotic and microbiome research company based in Copenhagen. Lactobio was founded in 2017 by Søren Kjærulff and Charlotte Vedel, who developed a proprietary microbiome discovery platform and screening method to select the most effective and safe strains.
Deliveroo introduces “Deliveroo Shopping,” an on-demand online retail service alongside its existing restaurant food and grocery offering. With personal care and cosmetics on offer, the platform will host a range of retail products, from electronics to pet food, from flowers to toys.
The funds will be primarily allocated to boost business growth, integrate new technologies in the industry, expand manufacturing facilities, transform its portfolio and advance the sustainability agenda in Nestlé’s chocolate, coffee, pet care and nutrition segments in Brazil.