News on Mergers and Acquisitions

FPS Food Process Solutions has added Southern Fabrication Works to its portfolio, boosting its capabilities in hydro-cutting, water knife technology and plant engineering, strengthening end-to-end food processing solutions worldwide.

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.

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.

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.

Snack maker Balaji Wafers, which has drawn strong interest from investors and global food companies, is reportedly set to sell a 7% stake to US-based General Atlantic for INR 2,500 crore (USD 282 million).

McCain Foods has agreed to acquire Penobscot McCrum LLC, expanding its North American operations. The deal adds McCrum’s modern Washburn, Maine, facility to McCain’s network, strengthening supply, innovation, and support for local farmers.

The Simplot Company, a privately held global food and agriculture company headquartered in Boise, Idaho, has completed its acquisition of Clarebout Potatoes, a leading European producer of frozen potato products based in Belgium.

Kiremko, Idaho Steel & Reyco name Gerardo Chiaia as CEO and Kees van der Drift as CFO, marking a new growth phase under Investindustrial. The group unites to drive global innovation and leadership in food processing systems.

In recent years, the global potato industry has entered a phase of rapid consolidation. Mergers, acquisitions, and geographic expansions are redefining who produces, who decides, and who supplies.

Produce Investments (PI) acquires Biofresh Safestore, a leader in fixed crop management. Combined with Restrain’s natural sprout suppression, the move expands PI’s tech portfolio, offering flexible, innovative storage solutions across Europe and beyond.

PepsiCo has acquired Australian seed potato business Dowling AgriTech (DAT) to strengthen seed supply, drive innovation, and support grower partnerships across the Asia-Pacific region.

CêlaVíta, the Dutch chilled potato processor once owned by McCain, will not restart after bankruptcy. All 171 jobs are lost as the Wezep factory is dismantled and auctioned, marking the end of a well-known name in potato processing.

Royal HZPC Group plans to acquire Ireland-based IPM Potato Group, a leading seed potato breeder and exporter, boosting HZPC’s UK and global presence.

Unites State based food giant General Mills Inc is exploring an investment in Balaji Wafers, joining a crowded field of suitors that includes PepsiCo, ITC Ltd, and several private equity funds, according to a report by The Economic Times (ET).