Helsinki-based Raisio sold its confectionery business, which includes popular brands such as Poppets, Fox’s, XXX, Payne's Just Brazils and Pedro, as well as private-label and contract-manufactured products, for €100 million ($120 million) to Valeo Foods Ltd. on Dec. 29, 2017. The deal also includes six production plants in the U.K. and Czech Republic.
Ashland is taking aim at the fast-growing global nutraceuticals market by combining its nutrition business with the ingredients processing expertise of recently acquired Pharmachem.
Utz Quality Foods, LLC has announced that its wholly-owned subsidiary, Heron Sub, Inc. has successfully completed its tender offer for all the outstanding shares of common stock of Inventure Foods, Inc.
Frutarom Industries Ltd. (“Frutarom”) has announced the acquisition, via one of its subsidiaries, of the AB-Fortis activities, including a patent-protected micro-encapsulation technology that enables delivery of iron with increased biological absorption.
Campbell Soup Company and Snyder’s-Lance today announced that the companies have entered into an agreement for Campbell to acquire Snyder’s-Lance for $50.00 per share in an all-cash transaction.