The food industry briefing
The latest news, trends, and data you need to know about this month
In numbers
50%
Ireland’s ABP Food Group has reached an agreement with Fane Valley Co-op to acquire the remaining 50% stake in its red meat business.
$12m
Laird Superfood has finalised an agreement to purchase sports nutrition company Picky Bars in a cash and stock deal valued at $12m.
$5.75bn
Nestlé has agreed to acquire core vitamin brands of The Bountiful Company from investment firm KKR for a consideration of $5.75bn.
$411m
Brazilian meat processor JBS has agreed to buy plant-based meat products producer Vivera for approximately $411m.
80%
Iceland Seafood International has signed a letter of intent with stakeholders of Ahumados Dominguez to purchase an 80% stake in the salmon processing firm.
9.8%
Global food company Danone has finalised the sale of its 9.8% stake in China Mengniu Dairy Company.
In brief
Krispy Kreme confidentially files for IPO in US
Global doughnut chain Krispy Kreme has confidentially filed a draft registration statement with the Securities and Exchange Commission for an initial public offering of its common stock.
Real Good Food divests Brighter Foods to THG
UK-based food company Real Good Food has agreed to conditionally divest Brighter Foods, its snack bar subsidiary, to ecommerce company The Hut Group in a £43m deal.
Zomato files IPO draft papers to raise $1.1bn
Indian food delivery firm Zomato has filed an initial draft paper with the Securities and Exchange Board of India for an initial public offering to raise as much as $1.1bn.
Papa John’s International taps Google Cloud for digital transformation
US-based pizza chain Papa John's International has partnered with Google to speed up its digital transformation and data Cloud strategy through the use of Google Cloud.
Further reading
NBC highlights the plight of ex-convict workers employed by meat processing plant sub-contractor
Workers for an industrial sanitation company that has one of the worst rates of workplace injuries in the US share their feel conflicted feelings: grateful that the company hires people with felony convictions, yet scared of the dangers they face in the workplace. A long, sobering look at some past incidents.
