The Middleby Corporation acquired GBT GmbH Bakery Technology (GBT), a German company specializing in engineering and manufacturing high-grade industrial baking and bread lines, including tunnel ovens and conveyor systems.
Dawn Foods acquired Royal Steensma, a 185-year-old, family-owned bakery ingredients manufacturing company headquartered in Leeuwarden, The Netherlands. The deal between Dawn Foods and Royal Steensma closed on January 31.
The shareholders of Evolva Holding AG approved the sale of Evolva AG to Danstar Ferment AG, a Swiss affiliate of Lallemand Inc., for CHF 20 million – on December 21. One week later, the parties closed the transaction. Evolva Holding SA will seek the delisting of its shares from SIX Swiss Exchange and expects the delisting to take place after a customary period of 6-12 months.
The liquidation of the company is currently expected to be completed in the first quarter of 2026.
Starting on January 1, 2024, Anton Paar took over the global sales and service network of Brabender, following the August 2023 acquisition. Founded in 1922 in Graz (Austria), Anton Paar specializes in laboratory and process measurement technology with 37 global sales and service centers, and more than 650 certified technicians spanning over 110 countries.
A Ferrero-related company, CTH Invest, entered into exclusive negotiations to fully acquire Michel et Augustin from Danone. Michel et Augustin markets premium products including sweet biscuits, savory biscuits and snacks. These brands are sold mainly in France and in six other markets. The business was founded in the French market in 2004 by Augustin Paluel-Marmont and Michel de Rovira, before being acquired by Danone.
Finsbury Food Group Plc reached an agreement with DBAY Advisors Limited on the terms of its acquisition for GBP 143.4 million. Its shares surged more than 22% after the UK-based bakery group agreed to the takeover.
J. M. Smucker announced the acquisition of Hostess Brands for USD 5.6 billion, which includes approximately USD 900 million of net debt. Additionally, approximately 3,000 Hostess Brands employees will join J. M. Smucker in conjunction with the transaction.
Regal Food Products Group Plc, the food group owners behind Regal Foods and Yorkshire Baking Company, acquired Packaging ‘R’ Us for an undisclosed sum. It is the company’s first non-food and drink business.
Anton Paar acquired the German company Brabender on August 1. It will be integrated into the Anton Paar Group as Anton Paar TorqueTec GmbH. Brabender’s team of approximately 200 employees will become part of Anton Paar.
Banss Maschinenfabrik GmbH, headquartered in Wels, Austria, recently took over the Precisma business. Banss Austria expects synergy advantages and an even stronger market presence in the food industry with the new addition, which also strengthens the Precisma brand.