Industry
350 news found
IndustryBarilla acquires Canadian Catelli dry Pasta
An operation of approximately 107 million euros
On 29 January Barilla completed the closing of the acquisition of Catelli dry Pasta in Canada from the Spanish giant Ebro Foods. The agreement includes the Catelli, Lancia and Splendor brands and the plant... more
IndustryOrsero expects revenue consolidation
Group approves budget projections for the year 2021
On the basis of the budget projections approved for the 2021 financial year, the board of directors of Orsero SpA communicates, in continuity with the previous year, the guidance with reference to the... more
IndustryMondelēz, a year to be framed
Revenues up 3.7%, equal to $ 26.5 billion, net profit stood at 3.72 billion
Mondelēz International, published the financial results for the fourth quarter of 2020. The Group's net revenues for the year increased by 2.8% and amounted to $ 26.5 billion mainly thanks to the growth... more
BeverageDiageo communicates an encouraging recovery
Interim financial results for 2021, half year ended 31 December 2020
"We performed well, despite a very challenging operating environment, characterized by organic growth in sales during the half-year analyzed. We quickly moved towards new channels that could represent... more
IndustryEU Antitrust investigates on Mondelēz
Possible practices of restricting competition on European national markets
The European Commission has opened an antitrust investigation into Mondelēz, the food giant among the largest producers of chocolate, biscuits and coffee in Europe. The American multinational has come... more
IndustryStarbucks: revenue in red in the first fiscal quarter
Recorded a 5% drop
Starbucks Corporation reported results for the first quarter of fiscal year 2021, in which earnings exceeded analysts' estimates for the fifth consecutive quarter, but revenue did not meet the Group's... more
IndustryDe' Longhi: strong growth in 2020 preliminary revenues
Double digit in all macro areas, with the exception of Meia area
In 2020 the De' Longhi Group achieved revenues of about € 2.353,1 million, above expectations and equal to a growth of 12% (13.9% in organic terms) and of 12.5% normalized, after a fourth quarter growing b... more
IndustryV-Finance partner of Borsa Italiana's "Sustainable Finance" program
The company will assist SMEs in path of sustainability
V-Finance, the company of the Ir Top Consulting Group, specialized in innovative and sustainable finance, adheres to the “Sustainable Finance Partnership” of the Italian Stock Exchange. V-Finance as a p... more
IndustryBall Corp. (Aluminum), new plant in Czech Republic
170 million Euros to increase production in the EMEA region
Ball Corporation has announced plans for a new €170 million aluminium can plant in the Czech Republic, as it looks to boost its output in the EMEA region. The company says that it intends to begin construction o... more
BeverageMahou San Miguel expands its deal with AB InBev
10 references from Beck's, Spaten and Löwenbräu distributed in Spain
The Mahou San Miguel brewery extends the marketing agreement in Spain with the Belgian multinational AB InBev, one year after the start of the collaboration between the two companies. Therefore, starting... more
IndustryGodiva lowers the shutters in North America
Closing of 128 shops and cafes in the country
Chocolatier Godiva chiuderà i suoi 128 negozi e caffetterie in tutto il Nord America alla fine di marzo, ha annunciato la società domenica, citando una diminuzione della domanda di acquisti di persona d... more
BeverageUSA. Mgp Ingredients merges with Luxco
A $ 475 million deal
MGP Ingredients has agreed to acquire US alcohol producer and marketer Luxco and its affiliated companies in a $475 million deal. According to MGP, a supplier of distilled spirits and speciality wheat... more
IndustryAlpla, new extrusion system for rPet in Italy
The company invests over five million euros
The global manufacturer of plastic packaging and recycling specialist, the Alpla Group, is investing more than five million euros in an extrusion system for food-grade recycled PET (rPET) made of used... more
IndustryDanone at the forefront of photovoltaics
Agreement signed for the construction of the largest renewable energy plant in Europe
Danone and Iberdrola have joined their commitments to sustainability with the signing of a long-term power purchase agreement (PPA), which will promote the development of the largest photovoltaic plant... more
IndustryGruppo Celli is increasingly digital
New strategic agreement with the start-up Cocktail Machine
Digital systems for preparation and dispensing of alcoholic and non-alcoholic cocktails more
IndustryUnilever for a "fairer" society
The Group promises decent wages and € 2 billion in favor of diversity
Unilever has committed to spending €2 billion annually with diverse suppliers and only doing business with companies that at least pay a living wage or income to its employees by 2030. The announcement f... more
IndustryNestlé Indonesia with Plug and Play, to accelerate food innovation
The Group will leverage on extensive system of start-ups, companies and investors
Nestlé has announced a new partnership with Plug and Play, a global innovation platform for industry accelerators, as it looks to drive its innovation efforts in Indonesia. Through the partnership, Nestlé w... more
IndustryUnilever presents the travel factory
Plant in a container, to produce anywhere in the world
The prototype will be used for broth production by Unilever's Food Solutions. more
IndustryRiso Scotti obtains financing from Banco Bpm and Sace
5 million Euros to consolidate presence of made in Italy in foreign markets
Banco Bpm has completed a 5 million euro loan in favor of Riso Scotti SpA, guaranteed by Sace as part of the export and internationalization support activity of Italian companies. The operation is aimed... more
Conserved and jamsUSA. Campbell's oldest plant closes in Georgia
326 employees will be laid off
Campbell Soup Company has announced its plans to close its snacks manufacturing facility in Columbus, Georgia by spring 2022. The plant, which produces a range of candy, crackers, cookies, nuts and bars... more
DistributionDeliveroo prepares for listing
New round of financing exceeds 180 million
The platform is now worth more than $ 7bn more
IndustryNestlé is still betting on Jungly
The iconic bar of chocolate is back, a great demand from Spanish consumers
Nestlé has listened to multitude of requests from Spanish consumers and, in a few weeks, will bring Jungly, its legendary bar of milk chocolate and animal-shaped biscuits, back to market. “We saw how co... more
BeverageIwse acquires Wine Intelligence
The range of data on the beverage world expands
Iwse, a global provider of beverage industry data, has acquired the wine market research firm Wine Intelligence, founded in 2002 by Lulie and Richard Halstead and present in more than 35 markets around... more
IndustryIndustrie Chimiche Forestali, reduces industrial water discharges to zero
The Group uses a closed process for water recycling
Industrie Chimiche Forestali SpA, a company among the reference operators at national and international level in the design, production and marketing of high-tech adhesives and fabrics, listed on the Aim... more
IndustryKitchen hoods: Ethica invests in Sil Fim
80% of the Marche group has been detected
Ethica Group, a consulting boutique specializing in consulting in extraordinary finance transactions, through Ethica Global Investment has acquired 80% of Sil Fim, a Marche-based group specialized in the... more
IndustryWeber's barbecues increasingly hi-tech
Acquires California-based June, specializing in smart technology devices
Weber-Stephen Products, the world leader in barbecues, today announced the acquisition of 100% of California-based June, a company specializing in the production of smart appliances and technology devices,... more
IndustryMars Uk with Dhl for two new sustainable storage facilities
An investment of 350 million pounds
Mars has partnered with DHL in a project that will see the construction of two new warehousing facilities in the UK, in an effort to reduce its logistics carbon footprint. The project represents a £350... more
BeverageCoca-Cola Company discards the Zico brand
Coconut Water returns to its founder, under a new name
Coca-Cola Company sold the Zico Coconut Water brand to PowerPlant Ventures a few months after revealing plans to stop distributing the drink. The deal, signed for an undeclared sum, will see the premium... more
Industry20 euros per share for the acquisition of Carrefour
The Alimentation Couche-Tard offer that will materialize in cash
Canadian multinational convenience store operator Alimentation Couche-Tard has submitted a non-binding offer to acquire Carrefour at the price of € 20 per share, as reported in a statement on Wednesday a... more
IndustryBarilla focuses on delivery of fresh pasta in UK
The Group acquires the majority of Pasta Evangelists
The Italian company Barilla focuses on the delivery of high quality fresh pasta boxes. The Parma Group has already approached this market during the pandemic, and now enters it by consolidating its presence... more
IndustryPepsiCo, runs faster than Paris Agreement
The group intends to hit net zero by 2040, 10 years ahead of schedule
PepsiCo has announced plans to double down on its climate goal, pledging to reduce its absolute greenhouse gas (GHG) emissions across its value chain by more than 40% by 2030. The beverage giant has also... more
IndustryPoultry: Franco-Hungarian Tranzit invests € 55 million
That is 20 billion forints for development of its plants
The Tranzit Group, a company operating in the poultry meat processing sector, will invest 20 billion florins, equal to approximately 55 million euros, in the development of its factories. The company owns... more
IndustryOrkla announces the new foods division
New CEOs join the board of directors
Orkla has announced that is creating a new division called Orkla Foods as part of a restructuring plan, while a number of major appointments have been made across the company. The new Orkla Foods division... more
CoffeeUSA. Coffee: Gaensel Energy acquires Officina della Cialda brand
The company is present with 35 stores in Italy
Gaensel Energy, a diversified holding company with assets in Software/Gaming and VR, Health and Wellness, CRM & Data, as well as General Contracting and Patented Building supplies, announces the acquisition... more
Mineral waters and drinksUSA. Quench (Culligan) acquires Get Filtered water dispensers
The transaction adds to purchase of Pure Water Technology, Sunnybrook Water Company and Dove Water
Culligan-owned Quench has announced the acquisition of Get Filtered, a Texas-based provider of mains-fed drinking water systems. Founded in 2008 and headquartered in McAllen, Texas, Get Filtered serves... more
IndustryUSA. Ends the Pilgrim's Pride and Tyson lawsuit on chicken prices
The companies, accused of having made a trust, reach the settlement agreements of dispute
Pilgrim’s Pride and Tyson Foods have agreed to settle claims made by a group of poultry buyers that accused them of conspiring to inflate chicken prices. The US chicken producers reached a deal on Monday t... more
IndustryUSA. Tyson Foods invests on bacon
$ 26 million to increase production at a Wright Brand facility
Tyson Foods has announced a $ 26 million investment to increase bacon production at Wright Brand's Vernon, Texas facility. The expansion project, which is expected to be completed by March this year, will... more
IndustryMetro Italia closed the 2019-20 financial year with a turnover of 1.4 billion
It gains market share, now at 5.1% of the total food horeca market
Despite the effects of the pandemic and the related restrictive measures adopted by the Government, which had strong impacts on the overall market for out-of-home consumption, Metro Italia in the fiscal... more
IndustrySnack, Utz Brands acquires Vitner's
A 25 million dollar operation
Utz Brands has entered into a definitive agreement with Snak King Corp to acquire part of the Vitner's snack brand business, for a total purchase price of $ 25 million. The sale includes intellectual property,... more
IndustryNomad Foods completes the acquisition of Findus Switzerland
110 million Euros to the Froneri International group
Nomad Foods, a frozen food company, completes the acquisition of Findus Switzerland, belonging to the Froneri International group, for 110 million euros. It also acquired the intellectual rights of the... more
IndustryFrieslandCampina, switch to 100% rPet bottles from February 2021
Avoided production of nearly 1.9 million kilos of new plastic
The FrieslandCampina group has announced that starting from February 2021 it will produce PET bottles with 100% recycled material. The dairy cooperative said switching to recycled Pet (rPet) for wholesale... more
Conserved and jamsCampbell's sells bread to Jimmy's Cookies
The biscuit maker will acquire the Ecce Panis brand
After the Kelsen biscuits, sold to Ferrero (see EFA News article of 12-07-19 ) and the sale of the Australian snack business unit Arnott (see EFA News article of 02-08-19), Campbell Soup Company has signed... more
IndustryThistle raises $10.3 million in the series B funding round
The organic food company aims to expand its customer base in 2021
Thistle, the San Francisco-based meal delivery service, raised $ 10.3 million during a Series B funding round led by PowerPlant Ventures. The latter was joined by Siddhi Capital, Alumni Ventures Group... more
IndustryTyson Ventures invests in vegetable shrimp
New Wave Foods raises $ 18 million in a series A funding round
New Wave Foods, a San Francisco, California-based manufacturer of a plant-based shrimp alternative, raised $ 18 million in a Series A funding round, Forbes reported. This figure includes an investment... more
IndustryFrance: Innatis acquires Domaine des Coteaux
The fruit company expands its range and diversifies its summer stone fruit production
French fruit company Innatis acquired stone fruit producer Domaine des Coteaux for an undisclosed sum. Since its foundation in the 1950s, Innatis has distinguished itself for its production, packaging... more
IndustryFive italian companies join forces for a new compostable packaging project
Initiative led by the Ima Flx hub, concretely testify the Ima "Zero philosophy" of the Group
Five companies of excellence in the Italian supply chain are playing an important role as technological innovators in the transition process towards the circular economy, and they are Ima, Novamont, Saes... more
IndustryMetro strengthens in Spain with the acquisition of Davigel
An agreement between Sysco France, Davigel Spain and Makro Spain
Metro acquires Davigel España, a restaurant services company (FSD) until now controlled by the US wholesaler Sysco, to strengthen the company's strategy in the Spanish horeca market, where it operates... more
IndustryAryzta sells the remaining stake in Picard
Agreement with Lion Capital and Invest Group Zouari for approximately 24 million euros
Food company with global interests Aryzta has reached an agreement with Lion Capital and Invest Group Zouari (Igz) to sell its remaining 4.64% stake in Picard for approximately € 24 million. In 2019, A... more
IndustryMcCormick acquires Fona International
The operation is worth 710 million dollars
Fona, which is headquartered in Illinois, has $ 114 million in annual revenues, has 220 employees and has a center dedicated to technology innovation. more
CoffeeDe’ Longhi Group finalizes the acquisition of Capital Brands Holdings
United States becomes the first market for the Treviso Group
Following the completion of the authorization process by the competent bodies (in particular the Antitrust bodies) and the occurrence of the conditions precedent, the De' Longhi Group finalized the contract... more