M&As this week: Bonduelle, Eurofins Scientific
Bonduelle has acquired Ready Pac Foods for $409m by purchasing the entire common stock of the latter.
Based in France, Bonduelle produces processed vegetables, whereas the US-based Ready Pac Foods produces convenience fresh meals, salads and fresh-cut produce.
The acquired company will invest the funds for expanding its global presence and grow its business.
Food testing company Eurofins Scientific has completed the acquisition of Gözlem Gýda Kontrol ve Araþtýrma Laboratuvarlarý, a food testing laboratory in Turkey.
Eurofins Scientific hopes to rollout its solutions for the food and beverage industry quickly through the acquisition, while the target company expects the transaction to help expand its market share.