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Sugar & Confectionery – M&A, INVESTMENTS & FUNDING
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McCormick raises stake in McCormick de Mexico to 75% in US$750m deal
Acquisition strengthens McCormick’s control of its Mexican joint venture and supports regional expansion plans.
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BUA Foods nears completion of Nigeria’s largest integrated sugar facility in Kwara State
The Lafiagi project aims to boost domestic sugar production, generate power and ethanol, and support Nigeria’s backward integration policy.
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Unilever completes demerger of Magnum Ice Cream Company as it accelerates portfolio shift
The newly listed Magnum Ice Cream Company begins independent operations as Unilever sharpens its focus on health and wellness brands.
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EU approves Mars’ US$35.9B acquisition of Kellanova after competition probe
The European Commission has cleared Mars’ multibillion-dollar takeover of Kellanova following an extensive competition assessment.
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Tropical Sugar Company to invest US$50M in new sugar production facility in Jamaica
50,000-ton modern plant to create 2,000 jobs and produce jaggery, molasses and renewable energy from bagasse.