Grupo Bimbo snaps up Vel Pitar as it marks entry into the Romanian market

MEXICO-Mexican bakery giant, Grupo Bimbo, has acquired Romanian bread maker Vel Pitar from New York-based private-equity fund CHL capital. Vel Pitar was formed in 2001 through the merger of four NCH-owned companies with operations in bakery, milling, and retail. The milling operations were placed under Sapte Spice company, which will remain in NCH’s portfolio as they were not part of…

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Novus acquires biotech company Agrivida, to accelerate development of innovative animal nutrition products

USA-Novus International Inc, a global animal health and nutrition company, has acquired biotech company Agrivida Inc to accelerate the deployment of innovative animal health and nutrition solutions. The move comes barely two years after the two players began a commercial partnership to support the sale of the then Agrivida start‐up’s flagship product, GRAINZYME which addresses producer pains through sustainable and…

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Swiss consumer food group Hero offloads UK gluten-free brand Juvela to S-Ventures

UK- Swiss international consumer food manufacturer Hero Group, has sold its Hero UK which trades as Juvela to a London Stock Exchange-listed enterprise company, S-Ventures. Juvela manufactures and distributes a range of branded gluten-free products which include high quality and tasty free-from range of bread, mixes, and pasta sold in the UK retail and pharmacy markets. The company has been…

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