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Tag: Acquisition

Proseal to be Acquired by US-Based JBT Corporation

acquisition, proseal, jbt

Proseal - a leading provider of tray sealing technology to the food industry - is to be acquired by Chicago-based JBT Corporation. JBT, which is listed on the New York Stock Exchange, has signed a definitive agreement to acquire the company for a purchase price of approximately £220m, subject to regulatory approvals. The deal will allow …

Azelis Strengthens Its Position in the Indian Food Segment

India, Azelis, Acquisition

(From left) Mr. Mitesh Jobalia (MK), Mr. Dipan Dalal (MK), Ms. Aparna Khurana, MD, Azelis India and Mr. Vinit Dalal (MK) after the MK Ingredients acquisition event in Mumbai, India (Source: Azelis India) Azelis is pleased to announce it has acquired the distribution activities of MK Ingredients & Specialties and SSD Industries (combined …

AAK Acquires Dutch Vegetable Oils Refinery

Acquisition, AAK, Oils, Fats, Refinery

AAK has announced that it is acquiring Dutch company MaasRefinery B.V., specialised in toll refining of vegetable oils and fats for the food industry. This move will allow AAK to increase capacity, support existing production facilities and enable continued growth, MaasRefinery is located next to a deep-sea terminal in Rotterdam and has a …

Editor’s pickOlam Aquires Indonesia's Largest Cocoa Processor, BT Cocoa

Acquisition, Cocoa, Indonesia

London, 26 February, 2019 – Olam has announced the acquisition of Indonesia’s largest cocoa processor, BT Cocoa, to capitalise on Asia’s trajectory to become the largest global consumer of cocoa powder  ● Global food and agri-business Olam International Limited announced that it has acquired an 85% share of YTS Holdings …

777 Food and Drink Acquisitions in 2018

acquisitions, trends

2018 was another record year for food and drink industry transactions, with 777 registered in the mergers and acquisitions database, an average of 15 each week. The total is 48 more than in 2017 and 63% higher than five years ago.  The number has increased every year since a dip in 2013. GLOBAL FOOD AND DRINK ACQUISITIONS …

Glanbia Agrees to Acquire SlimFast

Acquisition, Nutrition

Glanbia plc (“Glanbia”), the global nutrition group signed an agreement with the owners of KSF Holdings LLP and HNS Intermediate Corporation who collectively own SlimFast and other brands (“SlimFast”), to acquire such entities for $350 million (the “Transaction”) on 11 October 2018. SlimFast is a leading weight …