New York-based flavors and fragrances giant IFF is to acquire Israeli flavors and natural ingredients firm Frutarom in a $7.1bn deal that will propel it into the #2 spot in the global flavors market behind Givaudan. The move – which will create a company with combined revenues of $5.3bn in 2018 – comes a […]
Corbion has confirmed it is in discussions with Bunge Limited about the potential acquisition of Bunge’s stake in the SB Renewable Oils joint venture. Bunge disclosed these talks as part of its strategic update alongside the release of its year-end 2017 financial results, which shows some pressure on the 200-year-old company which was recently approached […]
Siggi’s will continue operating out of its New York City office and remain a standalone company under current leadership. Lactalis, which claims to be the world’s largest dairy company, has agreed to acquire Siggi’s—the U.S. based maker of Icelandic style skyr yogurts with “simple ingredients, not a lot of sugar”—for an undisclosed price. Siggi’s was […]
Kellogg is to acquire Chicago Bar Company, maker of RXBAR, a line of clean-label protein bars said to be the fastest growing nutrition bar brand in the United States. RXBAR will continue to operate independently as a standalone business, and will be able to leverage Kellogg’s scale and resources to continue driving its growth, Kellogg […]
A day after posting solid Q1 results, Unilever has announced it has signed an agreement to acquire Sir Kensington’s, a New York-based condiment maker, although the terms of the deal have not yet been disclosed. Considered a pioneer and leader in condiments for organic and natural markets, Sir Kensington’s has shown strong growth since starting […]
Israel-based Frutarom Industries has agreed to acquire Unique Flavors (Pty) Limited of South Africa for ZAR90m ($6.7m). The purchase deal includes a mechanism for future consideration depending on Unique’s future business performance. Frutarom will integrate the R&D, sales and marketing, purchasing, production and supply platforms. Unique’s management, led by the activity’s CEO, will be integrated […]
Ingredion Incorporated have announced that it has entered into a definitive agreement to acquire the rice starch and rice flour business from Sun Flour Industry Co, Ltd. based in Banglen, Thailand. The acquisition supports Ingredion’s global strategy to increase its higher-value specialty ingredients business and has been approved by the Company’s board of directors. It […]
