Lactalis this week continued its push into emerging markets, with a move to buy 70% of Romania’s Albalact. There was a change of control at Bakkavor after the own-label group’s co-founders teamed up with a US hedge fund to buy the business and Coca-Cola launched another foray in India’s dairy market. Click on the links for each story in full.
Lactalis strikes deal for Romanian dairy Albalact
Lactalis has moved to buy a majority stake in Albalact, the Romanian dairy group.
Bakkavor founders, US hedge fund take control of private-label giant
Bakkavor’s chairman and CEO, brothers Lýdur and Ágúst Gudmundsson, have teamed up with US hedge fund The Baupost Group to take control of the UK-based own-label supplier.
Coca-Cola launches trial of dairy drink Vio in India
Coca-Cola Co. has made another foray into the Indian market for dairy drinks with the launch of flavoured milk brand Vio.
Dole listeria outbreak leaves one dead, 11 sick
One person has died and 11 hospitalised in an outbreak of listeria linked to Dole Food Co. packaged salads in the US, the country’s Centers for Disease Control and Prevention revealed.
Tesco apologises for “unsustainable and harmful” supplier practices
Tesco has apologised for “unsustainable and harmful” practices with its suppliers after the UK Groceries Code Adjudicator found the retailer “seriously breached” the Groceries Supply Code of Practice drawn up to govern dealings with manufacturers.
JBS brushes off link to UK meat group Dunbia
JBS has dismissed a report linking the Brazil-based meat giant to a move for UK processor Dunbia.
just-food’s three top tips for M&A deals in 2016 – analysis
just-food M&A columnist Stefan Kirk runs the rule over the potential deals that could be struck in the food industry in 2016 – and puts forward three companies that could be targets.
What will drive M&A in the food industry between now and into 2018? just-food has exclusive research in the area.
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Balaji Wafers lines up share offer to fund expansion
Indian snacks maker Balaji Wafers plans to sell shares in the business to fund expansion.
How concerned are US consumers about cage-free eggs? – analysis
In recent months, a series of major companies in the US have announced they will switch to cage-free eggs – but how interested are consumers? Ben Cooper reports.
Can Yildiz Holding’s new snacks unit match its ambitions? – analysis
Yildiz Holding is restructuring its confectionery and biscuit businesses, uniting the likes of United Biscuits, Ülker and Godiva under a single umbrella subsidiary. The Turkish conglomerate has some ambitious growth targets for the new unit. Katy Askew takes a look at whether it can deliver.