Orkla Foods Ingredients has announced the acquisition of Agrimex, a leading frozen vegetable producer in the Czech Republic, through its subsidiary Hamé.
It’s believed that with the acquisition Agrimex, Hamé, a food company based in the Czech Republic and Slovakia, specialising in liver paté, ready meals, ketchup, jam, and tinned vegetables, will strengthen its position in the frozen vegetable category.
Orkla executive vice president and chief executive officer at Orkla Foods said: “Agrimex and Hamé are a good fit. We are market leader in several categories in the Czech Republic and Slovakia, and by purchasing Agrimex we will also acquire a solid foothold in frozen vegetables. Furthermore, we are strengthening our position in the out-of-home sector since more than one fourth of Agrimex’s sales are made through this channel.”
Agrimex has a production plant in Panenské Břežany, north of Prague. Raw materials are supplied by local Czech farmers in the factory’s vicinity. The products are sold under the Dione, Dione Premium and Agrimex Foodservice brands.
Both parties have agreed not to disclose the purchase price.
By Darren Woodon
Source: FoodBev.com
McCain Foods has completed the acquisition of Irish plant-based frozen food manufacturer Strong Roots. The acquisition follows McCain and Strong Roots’ strategic partnership, which began in 2021 and resulted from a $55 million investment.
Cargill partners with Voyage Foods to scale up alternatives to cocoa-based products to meet consumers’ indulgence needs. The commercial partnership will also provide food manufacturers with nut spreads produced with no nut or dairy allergens used in the recipe formulation.
L’Occitane International owner Reinold Geiger is reportedly close to taking the company private in a deal with Blackstone. The French skin care company’s filing halted trading of its Hong Kong-listed shares this week. This is the second time in months that the Australian billionaire has attempted a buyout.