IPCO extends its footprint in China with the acquisition of Nantong Langwei New Materials, ‘Long Goal’. Following the acquisition deal signed on October 13, 2023, IPCO increased its local steel belt production capabilities for the Chinese market. The move means IPCO benefits from lower cost levels and shorter lead times while also reducing CO2 emissions and risks caused by transportation to and from Sweden.
company acquisition 2023
Mademoiselle Desserts completed its acquisition of Galana, a Belgian producer of frozen bakery and ice cream products, on June 30. Mademoiselle Desserts now takes over the full bakery and ice cream operations in Waregem, Belgium.
The Middleby Corporation announced the acquisition of TERRY Water Treatment Solutions. The company has a proprietary, environmentally friendly solution to eliminate and prevent scale build-up. Scale resulting from water usage in commercial foodservice equipment, including steam, ice and beverage products can be removed.
ADM acquired Prairie Pulse Inc., a pulse crop cleaning, milling and packaging business in Vanscoy, Saskatchewan, Canada. Prairie Pulse’s operations – which include origination, 12,000 MT of bulk storage, cleaning, milling, sorting, sizing and bagging – will double ADM’s pulse footprint in the region.
Puratos announced its largest acquisition yet in the chocolate industry: Canadian producer Foley’s Chocolates joins the Belgium-headquartered company in a deal that significantly increases Puratos’ chocolate market share and manufacturing capabilities in North America.
KPM Analytics acquired Smart Vision Works, a company specializing in artificial intelligence (AI) providing computer vision systems for agriculture and food industries. Smart Vision Works is well known for its AI and edge computing technologies, used to sort products and detect foreign materials in the food production processes.
Ferrero Group acquired Fresystem, the Italian company that specializes in frozen bakery goods and is behind the Cupiello brand, for an undisclosed amount. The transaction is expected to close in the upcoming months.
Gruppo Morato bought Harry’s Restauration from Barilla, expanding its presence on the French market. Harry’s Restauration is running a plant that produces hamburger buns in Gauchy, northern France.
Finsbury Food Group bought confectionery maker Lees Foods Ltd. for GBP 5.7 million. Lees Foods was founded in 1931 and employs over 200 people at its site in North Lanarkshire.
Grupo Bimbo acquired Vel Pitar, a leading Romanian bakery manufacturing bread, sponge cake, and sweet and savory specialty products. The national financial newspaper Ziarul Financiar estimates the value of the transaction is around EUR 200 m.
