WORLD NEWS
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Pernod Ricard buys minority stake in Sovereign Brands, expresses confidence on sales momentum as US, China lift profits
US – French alcoholic beverage company Pernod Ricard has acquired a minority stake in wine and spirits company Sovereign Brands, starting off a long-term partnership…
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Agthia expands footprint in UAE’s snack market with acquisition of confectionery and healthy food brand BMB Group
UAE – Agthia Group, one of the largest food companies in the United Arab Emirates (UAE), has acquired a 100% stake in Dubai-based confectionery and…
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Saputo bolsters presence in US with acquisition of two North Carolina food businesses for US$118m
US – Saputo, a leading Canadian dairy company, has strengthened its business in the United States with a US$118m acquisition of Carolina Aseptic and Carolina…
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DSM to acquire dairy-based savory flavorings supplier First Choice Ingredients for US$453m
USA – Royal DSM is acquiring US based supplier of dairy-based savory flavorings, First Choice Ingredients, to expand its presence in the food and beverage…
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Barry Callebaut completes acquisition of Europe Chocolate Company, extends supply agreement with Hershey
BELGIUM – Swiss-based cocoa processor and chocolate manufacturer Barry Callebaut has successfully closed the acquisition of Europe Chocolate Company (ECC), a Belgian privately-owned B2B manufacturer of chocolate…