In numbers

£23.8m

Hilton Food Group has added four factories to its operations with a multi-million-pound deal for Fairfax Meadow, a meat supplier to the UK out-of-home and travel sectors.

HK$5.3bn

Inner Mongolia Yili Industrial Group Co. has struck a deal to buy just over 34% of Hong Kong-listed infant-formula supplier Ausnutria.

$64.5m

Pure Harvest, the agri-food tech business in the United Arab Emirates, has secured more funding to finance its indoor-farming operations in the Gulf Cooperation Council region.

SEK30m

The acquisitive Humble Group in Sweden has struck a deal for Swecarb, the supplier of the Vitargo sports-nutrition brand.

€900m

France-based Biscuit International has moved to acquire European peer Continental Bakeries. The deal is set to create a business with 33 factories, a workforce of more than 4,500 and sales of more than EUR900m (US$1.05bn).

$30m

TurtleTree Labs, a cell-cultured milk business in Singapore, has won US$30m in new financing from Verso Capital. 

In brief

Marfrig partners with ADM in Sol Cuisine, Hilary’s plant-based deals

Brazilian meat giant Marfrig Global Foods has struck two plant-based acquisitions with its US joint-venture partner ADM.

JBS moves into cultivated proteins with stake in Spain's BioTech Foods

Brazilian meat major JBS, meanwhile, has extended its global acquisition spree with an agreement to take a majority stake in Spanish cultivated-protein firm BioTech Foods.

Utz Brands strikes again in tortilla chips with RW Garcia deal

US snacks maker Utz Brands has struck again in the tortilla chips category with a deal to buy RW Garcia.

South Korea's SK Group, SPC Samlip in alt-foods tie-up

SK Inc., the investment division of South Korean conglomerate SK Group, has formed a partnership to bring alternative-food products to Asia.

Further reading

AI is turning consumer goods brands into tech ones – and customers into R&D

AI is changing many industries at breakneck speed and fast-moving consumer goods is no exception.

Read more here on VERDICT