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The food industry briefing
The news and data you need to know about the industry
Brynwood unveils Buitoni Food Company after Nestlé deal
Private-equity firm Brynwood Partners confirms the creation of Buitoni Food Company after snapping up the North American Buitoni pasta business from Nestlé. Financial terms for the transaction will not be released. Under the terms of the deal, Buitoni Food Company will have the rights to the Buitoni brand in the US, Canada and the Caribbean.
Ritter to acquire Mars assets in Austria
Germany-based chocolate maker Alfred Ritter is to buy a factory and a brand in Austria from US confectionery giant Mars. Ritter will take over a production plant in the eastern Austrian town of Breitenbrunn in January 2021 and acquire the Amicelli brand of filled wafer rolls, which it will continue to manufacture at the site.
Unilever to sell Chile icecream unit to Empresas Carozzi
Unilever is to offload its icecream business in Chile, the prospective buyer of the asset, local food group Empresas Carozzi, has revealed. The deal, struck for an undisclosed sum, would see Empresas Carozzi enter the ice-cream sector. The group's product range includes pasta, porridge, biscuits and confectionery.
Rude Health, a London-based cereal and dairy-free beverages maker, confirms it has sold a minority stake to consumer goods giant PepsiCo.
Cérélia, a France-based bakery business, plans to invest $29m in a new US plant in Ohio and expects the site to be up and running in the first quarter of next year.
More than half of rice varieties sold in the UK contained levels of arsenic higher than regulations allow for babies and children under five, according to a study published by the University of Sheffield. The results show that brown rice contains higher levels of the carcinogen than white or wild rice because it contains the bran – the outer layer of the grain.