M&As this week: Kerry, Richardson International, Servolux
Kerry has agreed to acquire Ariake USA and Southeastern Mills’ (SEM) North American coatings and seasonings business for €325m ($360m).
Focus:
Kerry has agreed to acquire Ariake USA and Southeastern Mills’ (SEM) North American coatings and seasonings business for €325m ($360m).
BRF has agreed to divest its 91.89% stake in QuickFood to Marfrig for $60m.
PRFoods has signed a letter of intent with Hiiu Kalur to jointly establish an offshore fish farm.
Apio has completed the acquisition of Yucatan Foods for $80m.
Lesaffre has completed the acquisition of Gnosis for an undisclosed sum.
Barry Callebaut has extended its long-term supply agreement with Garudafood.
T Marzetti Company, a speciality food group of Lancaster Colony Corporation, has completed the acquisition of Omni Baking Company’s assets for $25m.
Joyvio Group has agreed to acquire a 94.47% stake in Australis Seafoods for $880m.
Olam International has made an agreement with Canvass Analytics to utilise its artificial intelligence (AI) for finding solutions to meet the increasing global demand for food, feed, fibre, and fuel.
Private equity firm Swander Pace Capital has acquired Bäckerhaus Veit, a Canadian producer of buns and soft pretzel products.