Grupo Bimbo received regulatory approval to acquire Wickbold in Brazil, the company announced. The transaction is subject to certain conditions imposed by the country’s competition authority. Bimbo expects to conclude the acquisition in the coming weeks.
Croatian frozen bakery products manufacturer PAN-PEK is now part of the Inter Europol Group. Inter Europol, a Poland-based industry leader, acquired PAN-PEK from the portfolio of Enterprise Investors. Both sides agreed not to disclose the value of the transaction.
Kingsmill maker Associated British Foods (ABF) is exploring a deal for its Allied Bakeries business. The move could bring together some of the UK’s biggest bread brands – Kingsmill and Hovis, according to a Reuters report.
Bühler acquired puffing technology from CEREX that can be used for food, pet food, and feed applications. This acquisition allows Bühler to expand its product offerings, especially for healthier and more diverse food options.
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.
Baker Thermal Solutions acquired the inventory of rectification ignitors and SmartBake® oven zone controls support from BannerDay, the company announced.
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.
