Etikett: acquisition

Au2mate acquired by N. Foss & Co.

Au2mate and FOSS announce that the holding company N. Foss & Co. has become main shareholder in Au2mate through a purchase of 51% Au2mate shares from existing shareholders.

Au2mate will continue to be led as a separate business entity, under the Au2mate name and brand. Both founders will remain involved in the continued operations, with Carsten G. Jensen as CEO and Klaus Dam as business development director.

Dutch Wessanen acquires Abbot Kinney’s

Wessanen and the owners of Abbot Kinney’s have signed and completed the acquisition of Abbot Kinney’s by Wessanen.

Abbot Kinney’s is a young and very dynamic innovation leader in organic almond and coconut based yoghurt alternatives and ice-cream. Founded in 2014, Abbot Kinney’s already built a leading position in its category in Health Food Stores in The Netherlands and has started to build a strong presence in key markets across Europe.

Plant based food is at the heart of the Wessanen strategy and Dairy Alternatives is one of our core categories, present across all key countries in Europe and beyond. Abbot Kinney’s plant based yoghurt alternatives and ice-cream are a welcome addition to Wessanen’s Dairy Alternative category, which until now for the larger part consisted of ambient drinks. Moreover the brand fits very well into Wessanen’s existing portfolio of healthy and sustainable brands.

72 dairy acquisitions in 2017

2017 was another record year for food and drink industry transactions, with 727 registered in the mergers and acquisitions database, an average of almost 14 each week, according to Zenth Global..

The total is 103 more than in 2016 and 40% higher than five years ago.  The number has increased each year apart from a dip in 2013.

The most active sectors were dairy on 72, ingredients and soft drinks on 68, then packaging on 54.  Beer on 40 was ahead of spirits on 37 and wine on 30.

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Parmalat acquires American cheese and yogurt producers

Parmalat announces that, on May 1, 2017, its LAG Holding Inc. subsidiary acquired two companies operating in the dairy sector in the United States of America.
With this transaction, the Parmalat Group acquires an important business active in the ethnic specialties segment in the United States, increasing its current portfolio of gourmet cheeses and entering the yogurt market.

Müller Acquisition of Dairy Crest Completed

UK – Müller has confirmed that it completed the acquisition of Dairy Crest’s dairy business on December 26th, 2015.

The company will now bring Müller Wiseman Dairies and Dairy Crest’s dairy operations together to create a new organisation called Müller Milk & Ingredients, which aims to be the biggest and best of its kind in the UK.

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