Ingredion signed an agreement to divest its business in South Korea to an affiliate of the Sajo Group, a leading food company headquartered in Seoul, South Korea. The transaction is expected to close in the first quarter of 2024, subject to regulatory approvals and satisfaction of other customary closing conditions.
Krispy Kreme announced it is exploring strategic scenarios for Insomnia Cookies, which may include selling the company. The move will allow the company to focus on its core business in the donut market. Krispy Kreme acquired a majority stake in Insomnia Cookies in 2018 and should earn approximately USD 230 million in revenues in fiscal year 2023.
Kerry Group announced it is negotiating to sale the trade and assets of its Sweet Ingredients Portfolio to IRCA, for EUR 500 m. The sale is expected to close in the first half of 2023.
Bunge Limited announced today the sale of its wheat mills in Mexico to Grupo Trimex was finalized.
