GP Investments Ltd, a leading private equity firm in Latin America, announced Monday the acquisition, through its vehicles, of an additional 65% stake in the leading Brazilian steakhouse group Fogo de Chão Churrascaria, LLC.  After this transaction, GP Investments’ vehicles will hold a 100% ownership in the Company.
The acquisition marks an important new stage in [...]

H.J. Heinz Friday announced that it has completed its acquisition of an 80% stake in Coniexpress S.A. Industrias Alimenticias. Coniexpress is a leading Brazilian manufacturer of the Quero brand of tomato-based sauces, tomato paste, ketchup, condiments and vegetables.
With the acquisition, Heinz forays into Brazil with a major business for the first time. The Quero business [...]

Tres Coracoes Alimentos S.A., a 50 per cent joint venture of Strauss Coffee B.V. (74.9%) and Sao Miguel FIP, has signed a Letter of Intent to acquire the business of the coffee company Fino Grao, which operates mainly in the Minas Gerais province and its capital Belo Horizonte, in Brazil.
The transaction is expected to facilitate [...]

HJ Heinz announced it has clinched a deal to acquire an 80 per cent stake in Coniexpress S.A. Industrias Alimenticias, a leading Brazilian manufacturer, and maker of the Quero brand of tomato-based sauces. According to Bloomberg, Heinz, along with other U.S. food companies like Kraft Foods Inc. (KFT), is looking to boost sales abroad to [...]

A report carried by Valor Economico indicates that US multi-billionaire Warren Buffet’s Berkshire Hathaway Inc may be mulling an investment in Brasil Foods S.A. The Brazilian firm engages in the production and sale of poultry, pork, beef, milk, dairy products, and processed food products in Brazil and internationally.  The reports have indicated Warren Buffet may [...]

Japan’s trading firm Mitsui & Co Ltd Thursday said it will acquire 44.2 per cent stake in Brazil’s Multigrain AG. Multigrain AG is a Brazilian grain broker, and the investment will cost the Japanese firm about US$225 million. Mitsui & Co Ltd is keen on securing foodgrain to supply in Asian market.
Japan-based Mitsui will buy [...]

Brasil Foods SA said Monday it hopes to begin discussions with antitrust regulators about potential asset sales as it seeks approval for taking over Sadia SA, reported Bloomberg. Brasil Foods SA was formerly known as Perdigao SA. Brasil Foods Chief executive officer Jose Antonio do Prado Fay said he expects regulator Cade to approve the [...]

US based Sara Lee Corp. Tuesday reported it had signed an agreement to acquire Café Damasco, a coffee business based in the southern region of Brazil. The acquisition price represents a multiple of around one time annual sales. The transaction is expected to close on November 30th and will be filed with the Brazilian competition [...]

Brazil based refrigerated and frozen products firm Sadia SA announced it had acquired Excelsior Alimentos. Sadia SA is currently a leading global producer of chilled and frozen food. Sadia SA’s refrigerated and frozen products include poultry, pork, beef, turkey and chicken. The firm boasts 16 distribution units located across 14 Brazilian states.
Sadia SA is as [...]

Natraceutical has gone into an agreement with Brazilian firm, Bio Group for the development of its Forte Pharma food supplements brand in Brazil. Natraceutical is one of Spain’s foremost food groups and the deal is crucial as it may possible enable the Spanish firm cut its debt. In an announcement Thursday, Natraceutical said it had [...]