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.
Japanese bakery Taguchi & Co purchased Brooklyn Brands from Astor Group, broadening its North American presence. After the eight-figure acquisition, Brooklyn Brands will focus on foodservice and introducing a new brand in 2024.
Hillenbrand announced the acquisition of Schenck Process Food and Performance Materials (FPM), a Blackstone company. FPM specializes in feeding, filtration, baking, depositing, milling, and material handling equipment, among other technologies.
Aksìa Group announced it acquired the majority of Menchetti Food, a third-generation family business with over 400 employees, producing over 200,000 pizza bases per month. Menchetti joins the group’s Valpizza, La Pizza +1, Megic Pizza, Ghiottelli, Forno Ludovico and Tuscanya bakery brands.
Dr. Oetker announced the acquisition of Galileo Lebensmittel KG, a Trierweiler-based company specializing in frozen pizza snacks. The transaction, signed on March 23, is subject to regulatory approval.
Grupo Bimbo acquired UK-based brioche specialist St. Pierre Groupe, the company behind Baker Street, Paul Hollywood and St. Pierre brands.
Orkla is set to acquire 74% of the shares in Da Grasso, a Polish pizza franchise chain with 193 outlets throughout the country.