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Unilever to Divest South African Spreads Business to Remgro in $900m Deal
Sep 26, 2017Unilever has agreed to divest its South African spreads business to Remgro as part of a ZAR11.9bn ($900m) worth deal with the investment firm. Under the terms of the agreement, Unilever will buy Remgro’s 25.75% stake in Unilever ...
Tags: Unilever, food, personal care products
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Nestle to Buy Plant-Based Protein Firm Sweet Earth
Sep 12, 2017Nestlé has agreed to purchase US-based Sweet Earth to enter plant-based protein market. Sweet Earth produces products ranging in plant-based proteins like wheat-based seitan, tofu as wells as legumes such as lentils, chickpeas and ...
Tags: Nestle, protein market
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Arlon Invests in Brazilian Dairy CBL Alimentos
Jul 24, 2017Food and agriculture investment firm Arlon Group has purchased a minority stake in Brazil-based CBL Alimentos (Betania). Betânia is the largest dairy company in the Northeast Region of Brazil, producing fluid milk, dairy drinks and ...
Tags: Arlon, milk production
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Nestle Buys Minority Stake in US Prepared Meals Producer Freshly
Jun 21, 2017Nestlé USA has forayed into the direct-to-consumer (DTC) prepared meals business by acquiring a minority stake in Freshly. The Nestle subsidiary was the leading investor in a $77m funding round in the DTC healthy prepared meals ...
Tags: Nestle, Prepared Meals
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Amber Beverage Acquires Stake in Cellar Trends
May 18, 2017Amber Beverage has acquired a minority stake in UK alcohol distributor Cellar Trends. Amber Beverage Group confirmed that the investment is of a strategic nature and that management and operational control of Cellar Trends will remain ...
Tags: Amber Beverage, alcohol
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Navinfo, Tencent, GIC to Acquire Minority Stake in Here
Jan 6, 2017Chinese mapping company NavInfo and internet services group Tencent, along with Singapore wealth fund GIC have announced plans to acquire 10% stake in HERE. HERE is a German-based open location platform company owned by automotive majors ...
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SNM Global Acquires Minority Stake in Game Vodka
Jan 6, 2017SNM Global has acquired 17.5% membership interest in Brockett Beverage Group, which is an organic based corn vodka, crafted and marketed for sports and the sports fan. SNM Global CEO Troy Lowman said: "Our partnership with Game Vodka we ...
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ADM to Expand Sweeteners, Starches Production in Europe
Dec 15, 2016Archer Daniels Midland Company (ADM) has announced plans to expand its production capacity of sweeteners and starches at its facilities in Turkey and Bulgaria to meet regional and global demand. The American global food processing company ...
Tags: ADM, food processing
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BMW Plans to Spend up to EUR500m on New Car Technologies
Nov 30, 2016BMW is planning to invest up to €500m on new car technologies over the next 10 years via its i Ventures division. The automaker will use the money to back startups working on areas including autonomous driving and digitalisation, and ...
Tags: BMW, BMW i Ventures
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Volkswagen, SOVAC to Manufacture Vehicles in Algeria
Nov 30, 2016Volkswagen Group has signed a contract with SOVAC for vehicle assembly in Algeria. In the presence of the Algerian Minister of Industry Abdessellam Bouchouareb, Volkswagen Commercial Vehicles Board of Management Member responsible for ...
Tags: Volkswagen, Commercial Vehicles
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B&B Italia Acquires Majority Shares in Arclinea
Sep 27, 2016B&B Italia has become the majority shareholder in Arclinea, a leader in high-end designer kitchens. The agreement foresees the development of a strategic partnership that leverages the full potential of the respective product ranges ...
Tags: B&B Italia, Arclinea, majority shares
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COFCO to Acquire Remaining Stake in Nidera Capital
Aug 26, 2016COFCO has reached an agreement to acquire the remaining minority stake in Nidera Capital to gain full ownership of the company. The minority stake has been bought by COFCO International from Cygne to gain 100% ownership in Nidera. The ...
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Danone to Buy Whitewave Foods for $12.5bn in All-Cash Deal
Jul 12, 2016French dairy giant Danone has entered into an agreement to acquire WhiteWave Foods in an all-cash deal worth $12.5bn. The acquisition is expected to double the size of Danone's business in the US, while helping the company to move towards ...
Tags: WhiteWave Foods, Danone, beverage categories
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Associated British Foods Looks to Sell Unprofitable Sugar Business in China
May 13, 2016Associated British Foods (ABF) is reportedly contemplating the sale of its unprofitable sugar business in China to remain focused on its sugar operations in Europe and Africa. For this purpose, the food company has invited bids for five ...
Tags: Unprofitable Sugar, Sugar
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Chobani Plans To Enter Beverage Segment With New Drinks Line
Mar 15, 2016US-based yogurt maker Chobani is planning to enter the beverages segment with Drink Chobani line, after it turned down acquisition offer from PepsiCo. With this new drink range, which will be a blend of fruits with its trademark Greek ...
Tags: Chobani, Aquisition, Beverage segment