News on Mergers and Acquisitions

Intersnack’s proposed partnership with Utz could influence the potato-chip sector, but no changes to potato sourcing, supplier contracts or processing capacity have been announced. Utz’s manufacturing plans disclosed before the deal remain unchanged.

Intersnack Group has agreed to acquire Utz Brands in a deal valued at about USD 2.9 billion. The acquisition will give Intersnack its first major presence in the US snack market, subject to shareholder and regulatory approvals.

Intersnack Group will acquire Utz Brands in an all-cash USD 2.9 billion take-private deal. After closing, Intersnack and the Rice and Lissette Family will each own 50% of Utz, expanding the company's position in the United States snack market. ahead.

Forsfood Group Oy has joined Orat Oy and Banmark Oy Ab in a strategic acquisition, combining decades of expertise in food processing machinery. The company will continue operations under its name with unchanged team, ensuring full continuity.

Introducing Foodera Technologies, the new global group uniting Tummers Group, Van der Giessen Industrie, Kiremko, Idaho Steel and REYCO Systems. The group combines technologies and expertise to help food processors prepare for future challenges.

Gpi De Gouwe has rebranded as Gpi Process Technology, reflecting its evolution into a specialist in advanced food processing solutions. The company offers turnkey systems for fries, sauces, ready meals, chocolate, and confectionery production.

Investindustrial, comprising the Kiremko, Idaho Steel and Reyco brands, has completed the acquisition of 100% of Tummers Group and Van der Giessen, bringing together specialist companies with complementary capabilities across the potato processing value chain. 

Sticomax Group has acquired ICS Spiral Freezers to strengthen its expertise in freezing, cooling, and proofing solutions. The addition expands the group to seven companies, with combined turnover expected to reach EUR 125 million (USD 142 million).

Advent will invest USD 150 million in Gujarat-based Iscon Balaji Foods through a USD 215 million Series A round, supporting expansion of its frozen potato products business across Asia, the Middle East, Australia and other global markets ahead.

General Mills agreed to sell its Brazil business to 3corações, including brands Yoki and Kitano. The deal is expected to close by the end of 2026, pending approvals.

McCormick & Company and Unilever has announced that they have entered into an agreement to combine McCormick with Unilever's Foods business excluding India and other excluded businesses ('Unilever Foods')

Aviko, one of the leading suppliers and brands in potato products in Europe, has acquired the remaining 75% of the shares in Eurofrits, making the Spanish producer of frozen potato products and snacks a full member of the Aviko group.

Royal HZPC Group has finalized the acquisition of IPM Potato Group, following the initial announcement made in October 2025. With all required conditions now fulfilled, IPM officially becomes part of Royal HZPC Group.

Solynta, a leader in hybrid potato breeding, secured major growth funding as EW Group acquired a majority stake. The investment will speed its goal to double global potato yields while halving crop protection use and reducing land needs worldwide.

FPS Food Process Solutions adds Symotab to its portfolio, expanding compact coating solutions for protein and snack processors. Symotab’s 3-in-1 CombiCoater reduces line length, simplifies sanitation, and improves coating consistency.

360 ONE Asset will invest about USD 70 million in Iscon Balaji Foods to expand processing capacity, strengthen farmer supply chains, upgrade cold storage, launch new value-added products, and grow exports to new international markets.

Mars, global leader in pet care, snacking and food and Kellanova (NYSE: K), a leader in global snacking, international cereal and noodles and North America frozen foods, recently announced that Mars has received unconditional approval from the European Commission for its pending acquisition of Kellanova.

Troostwijk Auctions launches six online auctions (18 Dec–15 Jan) to sell the full industrial assets of bankrupt Dutch potato processor CêlaVíta, offering high-quality potato processing, packaging and labelling machinery from leading brands.