The six-year-old company had landed $35m in funding as recently as 2017, but it said a challenging retail environment led to this financial pitfall. Six of its more than two dozen stores will close immediately.
Dutch private equity firm Egeria has signed an agreement to acquire 100% of the shares of Clondalkin Flexible Packaging Group from an affiliate of Warburg Pincus.
Being part of a multinational company will enable Enjoy Life Foods to significantly boost its distribution and accelerate the innovation process, chief marketing officer Joel Warady told FoodNavigator-USA after the allergen-friendly firm announced that...
US private equity firm Blackstone Group has bought a majority stake in Blackpool-based Tangerine Confectionery, FoodManufacture.co.uk understands, while management has also reinvested in the firm.
UK plastics firm Fairgrieve Moulding has beat off international competition to land a £1m contract with German confectioner Storck, after receiving £20,000 in regional funding.
Dutch-Swedish confectioner Leaf Holland is to increase capacity by 13 per cent at its Slovakian plant with the transfer of its Malaco brand powder line from its facility in south Denmark.
Rumour, according to the Romans, is a feathered beast with a myriad eyes and tongues. Last week she went bristling through the Danish business pages, spreading the news that Danisco could be bought by a private equity firm.
Cadbury Schweppes has announced it plans to sell its European
beverages arm for £1.2bn to a private equity consortium led by Lion
Capital and Blackstone.
Cash, cash, cash. Castigated as simple asset-strippers out to make
a quick buck, the entrance of private equity onto the food industry
stage has participants chattering in the wings.
Chr Hansen is already on the look out for new acquisitions as the
firm enjoys a fresh financial thrust from its new private equity
owners, PAI partners, reports Lindsey Partos.
The private equity arm of the bank Lehman Brothers has emerged as
the latest challenger to bid for Thorntons, the high street
chocolate retailer and manufacturer.
