Mediaflag has reached an agreement to sell its 100% stake in Tokachi Tachibana for JPY180m ($1.62m).

Mediaflag provides shop research and support services, while Tokachi prepares and sells western sweets and black bean products.

Both companies involved in the transaction are based in Japan.

Guiltfree Industries has completed the acquisition of a 70% stake in snack food making company Apricot Foods.

Both the companies involved in the transaction are based in India.

"The acquisition is expected to be in line with the acquirer’s Vision 2022 strategy to expand its food, health and nutrition portfolio."

OK Foods has completed the acquisition of the US-based Albertville Quality Foods.

The target company, which is a portfolio company of private equity investment firm H.I.G. Capital, processes protein-based products in two facilities located in Albertville, Alabama.

OK Foods is a subsidiary of Mexican company Industrias Bachoco.

US-based speciality ingredient producer Innophos Holdings (Innophos) has signed a $125m definitive agreement to acquire Novel Ingredients, a company based in New Jersey, US.

The target company is owned by private equity firm GenNx360 Capital Partners and manufactures dietary supplement ingredient solutions.

Innophos intends to fund the acquisition through loans.

The acquisition is expected to be in line with the acquirer’s Vision 2022 strategy to expand its food, health and nutrition portfolio, while expanding business and developing innovative solutions for improved customer satisfaction.

Innophos has respectively engaged Lazard and Baker Botts as financial and legal advisers, while Winston & Strawn is acting as legal adviser for Novel Ingredients.