SnackFutures Ventures, the corporate venture capital arm of Mondelēz International, acquired a minority stake in Urban Legend, a UK pastry bakery start-up specializing in better-for-you fresh donuts and pastries.
La Lorraine Bakery Group acquired 50% of Bakery de France’s business, a US-based company. The joint venture will supply the North American market.
Lesaffre will acquire dsm firmenich’s yeast extract go-to-market organization and know-how. Going forward, dsm-firmenich’s yeast extract products will be produced in Lesaffre’s global manufacturing network. The transaction should be completed by the end of the year.
Vandemoortele announced it established a new partnership with Banneton, a manufacturer of premium freezer-to-oven croissants, Danishes and pastries in North America. As part of the agreement, Vandemoortele will acquire a majority stake in Banneton, while Victor and Alex Litinetsky, founders of Banneton, will stay invested in the capital and continue to lead the day-to-day management of the business after closing.
Orkla partnered with Rhône, a global private equity firm with a focus on investments in businesses with a transatlantic presence. Investment funds affiliated with Rhône will acquire 40% ownership in Orkla Food Ingredients AS (OFI), for NOK 15.5 billion (EUR 1.3 billion). The transaction is expected to be completed by the end of the first quarter of 2024, subject to customary conditions to closing, including approvals from relevant authorities.
Baker Thermal Solutions acquired the inventory of rectification ignitors and SmartBake® oven zone controls support from BannerDay, the company announced.
Hillenbrand, Inc.’s acquisition of LINXIS Group was formally completed, the company announced in a news statement. LINXIS Group will be a part of the Coperion Food, Health & Nutrition Division.
Japan’s Yamazaki Baking announced the purchase of the packaged bread business of Kobeya Baking, a company manufacturing bread, cakes, frozen dough and delicatessen.
The Middleby Corporation announced the acquisition of Colussi Ermes, a manufacturer of automated washing solutions for the food processing industry.
The Katjes International GmbH & Co. KG Group is making further purchases in Italy, with the acquisition of Paluani S.p.A.
Hillenbrand announced it signed a binding offer to acquire LINXIS Group for an enterprise value of approximately EUR 572 million. The sale is expected to finalize before the end of 2022.
Puratos bought the French start-up Rapidle, a provider of personalized e-commerce solutions, following the acquisition of Bakeronline four years ago – a Belgian digital transformation start-up.
