290 jobs on the line as Gousto weighs up site closure
The meal kit provider has announced the potential closure of its Clay Lake facility in Lincolnshire, putting hundreds of jobs at risk.
Investments
Ribena and Lucozade producer pumps over £14M into Herefordshire site
Japanese drinks giant Suntory is planning to invest £14.5 million in a ‘next-generation’ blackcurrant processing facility in Herefordshire.
Danone to acquire Made Group
The French company aims to boost APAC expansion with major new acquisition
US investment into UK food and drink under threat
Rapid, uncoordinated regulatory change is weakening the UK’s attractiveness for investment, suggests new research.
Lincolnshire veg producer invests in new forklift fleet
Vegetable producer AH Worth has invested in a new forklift fleet to strengthen its operational safety and efficiency.
Why is Ingredion taking over Tate & Lyle?
Both companies will benefit from combining
International ingredients firm acquires cocoa-free chocolate pioneers
Hamburg-based venture capitalist Oyster Bay sells stake in UK start up responsible for developing world’s first ‘bean to bar’ chocolate alternative based on fava beans.
Ailing Pizza Hut business to be sold for $2.7 billion
Yum! Brands is set to offload the Pizza Hut chain following dwindling operating profits.
CMA makes final decision on ABF-Hovis merger
The Competition and Markets Authority (CMA) has published its final report into the proposed merger of Associated British Foods (ABF) and Hovis.
Where are investors placing their bets in F&B?
While global food and drink dealmakers are hungry for a piece of M&A action, mid-market activity is a little different.
Somerset F&B innovation hub unveils new canning line
A leading South West food and drink innovation centre has launched a new canning line as demand from producers looking to scale up production and trial new canned products grows.
Ingredion agrees deal to buy Tate & Lyle
British food and drink powerhouse Tate & Lyle has agreed to a £2.7 billion takeover deal by US firm Ingredion.
2 Sisters owner saves Brace’s Bakery from administration
Boparan Private Office (BPO) has acquired Brace’s Bakery in a deal that will secure the future of the business and save hundreds of jobs.
US private equity firm buys leading UK ingredients manufacturer
An affiliate of private investment firm Peak Rock Capital has completed the acquisition of a major British ingredients manufacturer.
Radnor Hills ventures into the snacking industry
Welsh mineral water brand Radnor Hills is making its first move outside the drinks industry by investing in a new snacking brand.
Discount grocer to slash prices on more than 1,000 products
A leading discount grocer is planning to cut prices on more than 1,000 products as part of a £250 million investment in price.
Domino’s Pizza invests £25M into new supply chain centre
Domino’s Pizza Group has opened a new supply chain centre on the edge of Bristol backed by a £25 million investment.
Nestlé snaps up smart food brand Yfood
The first acquisition under new CEO Philipp Navratil comes just two months after Danone announced its acquisition of Huel
Nestlé doubles down on growth in bold strategy shift
Nestlé resets growth strategy with shift away from price hikes and back towards volumes, brands and execution
Cargill invests €56M with site expansions and new pilot plant
The ingredients giant has injected a significant sum into its operations, research and innovation capabilities as it looks to grow its European foothold.
Birds Eye owner to pump £2.2M into Suffolk factory
Frozen food giant Nomad Foods has unveiled plans to invest £2.2 million into its Lowestoft factory in Suffolk.
Lactalis acquires Liverpool protein producer
Protein Works has been snapped up by the dairy giant for an undisclosed sum.
Applied Nutrition snaps up US manufacturer for $16M
British supplements firm Applied Nutrition has agreed a multi-million-dollar deal to buy a US sport nutrition manufacturer.
EU greenlights Arla and DMK Group merger
Two of Europe’s largest dairy firms say that they have now been given the green light to press forward with their planned merger.
Danone’s €1bn Huel bid sparks competition scrutiny
Danone’s €1bn bid for Huel faces CMA scrutiny, highlighting rising regulatory pressures on Big Food
Unilever McCormick deal under pressure as backlash builds
Unilever’s $40bn Foods deal with McCormick is facing mounting backlash as questions over strategy and valuation put the deal under pressure
PepsiCo to invest close to $600M into Indian production network
The drinks giant is set to make a significant investment of several hundred million US$ by 2030 in a bid to expand its Indian operations.
Arla Foods snaps up historic Australian cottage cheese firm
Arla Foods has bought out a leading Australian cottage cheese brand, strengthening its presence in the country.
Cornish dairy producer invests £6M into cottage cheese site
Rodda’s has announced a £6 million investment into a new ‘state-of-the-art’ cottage cheese facility at its Scorrier site as demand for the commodity continues.
Kerry Dairy Ireland reveals new brand identity ahead of £260M investment
Irish manufacturing powerhouse Kerry Dairy Ireland is set to become ‘Kinisla’ as it unveils a new corporate identity.
Cranswick profit jumps 14.5% amid record investment
Hefty investment and expanded poultry capacity have helped fuel double-digit growth at the food manufacturer as demand for premium and protein continues.
Guinness owner parts company with several top execs
Guinness owner Diageo is set to part company with several top executives as part of a wider leadership revamp.
ABF acquires leading New Zealand bagel brand
Associated British Foods (ABF) has bought New Zealand‑based bakery firm Abe’s Bagels via a regional subsidiary.
EU approves 2 Sisters owner’s buyout of German turkey processor
The European Commission has granted approval for the sale of Heidemark to Boparan Private Office (BPO) without further conditions.
Ingredion’s Tate & Lyle buy would create a $10B global ingredient powerhouse
The proposed deal would unite two of the food and beverage industry’s largest ingredients makers
Mars powers production growth with $253.6m smart factory investment
Mars bets on smart manufacturing, using £190m UK factory upgrade to boost output and strengthen grip on global confectionery and snacking market
Mars to pump £190M into flagship Slough factory
Global food manufacturing giant Mars is set to invest £190 million into its factory in Slough to turn it into a ‘next generation’ hub.
Premier Foods cuts debts and lifts profits
Premier Foods reports modest revenue growth for the year, but profits have seen a strong boost as debt falls and its brand-led strategy fuels growth.
Dawn Meats buys German meat firm
Dawn Meats has snapped up German meat importer and distributor, Alexander Eyckeler for an undisclosed sum.
Guinness owner to pump over £600M into new brewery
British alcoholic beverages powerhouse Diageo is set to invest a further £346 million into its newly opened brewery in County Kildare, Ireland.
Efes and Gipsy Hill producer snaps up leading alcohol-free beer brand
Sunrise Beverages has added alcohol-free beer brand Days to its growing portfolio.
Meatly to open Europe’s largest lab-grown meat facility
The UK is set to become the location for Europe’s largest cultivated meat production facility, with a 20,000‑litre pilot site planned for London.
Around Noon secures financial backing to fuel UK and Ireland expansion
Food-to-go specialist Around Noon has secured investment from finance firm Whiterock as it looks to drive its UK and Ireland growth plans.
FrieslandCampina to invest over €90M into protein
The dairy giant has announced a major investment programme to accelerate growth in whey proteins.
ABF Ingredients to pump close to £50M into new Wisconsin facility
ABF Ingredients has said that it intends to purchase land in the US state of Wisconsin to help support the growth of its Ohly brand.
Lithuanian wind farm to help power Mars pet food factory
Mars has announced a long-term renewable electricity agreement for its operations in Lithuania, securing the majority of the output from the planned Skuodas Wind Farm.
Finsbury Food Group acquires healthy snacking brand
The UK specialist bakery manufacturer has purchased Flower & White as it continues to strengthen its foothold in high-growth bakery categories.
Drinks firm Global Brands bets on low-cal beer with new acquisition
VK and Hooch owner Global Brands Ltd has acquired low-calorie, gluten-free beer and cider firm, Skinny Brands.
The Gut Stuff snapped up by Swiss food producer
Global food company, Hero Group, has acquired snacking and gut health brand, The Gut Stuff.
Kerry expands Ireland facility for lactose free dairy growth
Kerry has expanded its biotechnology manufacturing hub facility in Ireland, as it looks to support the next phase of growth in lactose free and reduced sugar dairy.