Anglo-Dutch food and personal-care products company Unilever PLC (ULVR.LN) on Monday announced its third acquisition in less than a month with the purchase of Brazilian natural and organic food business Mae Terra for an undisclosed sum.
Mae Terra is a fast-growing brand in Brazil, providing health-conscious consumers with organic and nutritious food products since it was set up in 1979. It operates in several categories with a portfolio that includes organic cereals, cookies, snacks and culinary products.
Unilever, the owner of Hellmann’s mayonnaise and Dove body products, last week agreed to buy Carver Korea, a Seoul-based maker of toners and moisturizers, for $2.7 billion. On Sept. 9 it bought Pukka Herbs for an undisclosed sum.
By Ian Walker
Sorce: Dow Jones Newswires via Fox Business
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”.
