KREPKO acquired by VALSOIA

Keurig Dr Pepper completed the acquisition of JDE Peet’s in April 2026 through a recommended public cash offer, taking effective control of 96.22% of JDE Peet’s outstanding shares and paving the way to full delisting from Euronext Amsterdam. The transaction is structured as an all‑cash, platform‑building move that creates a global coffee powerhouse by combining JDE Peet’s deeply embedded coffee brands and international footprint with Keurig Dr Pepper’s leading single‑serve coffee platform and North American beverage infrastructure. Under the strategic roadmap, Keurig Dr Pepper plans to separate into two independent U.S.‑listed entities: a North American refreshment beverage company and a pure‑play global coffee business, with JDE Peet’s forming the core of the latter. The deal allows Keurig Dr Pepper to consolidate more than a dozen global coffee brands, including Peet’s, Jacobs, L’Or, and Douwe Egberts, under a unified global coffee platform, while JDE Peet’s gains access to Keurig’s installed base and innovation engine in pods and in‑home coffee systems. The combined coffee entity, intended to be led by Rafael Oliveira as CEO, is expected to generate in the mid‑teen‑billion‑dollar range of annual sales and target operational synergies through supply‑chain integration, brand consolidation, and shared back‑office functions.

Illva Saronno Holding, through its subsidiary Disaronno Ingredients, has acquired 100% of Delite S.r.l. The transaction allows Illva to integrate a strong regional distributor in the Emilia-Romagna area into its national network. This deal is part of the strategic project "DIS," which aims to build a unified, capillary distribution organization across Italy by aggregating regional leaders (following the acquisitions of Arbore in Liguria and G&P Center). The sellers include RDM Group and several private individuals.

NewPrinces Group has completed the acquisition of Kraft Heinz's infant food business. The transaction reunites the Plasmon brand with the Ozzano Taro production plant (already owned by Newlat), creating a fully integrated Italian baby food champion. As part of the deal, NewPrinces will continue to manufacture Heinz Baby Food for the UK market under a co-packing agreement at the acquired Latina facility.

Europe Capital Partners VII has acquired a majority stake in ESCA S.r.l. from the founding shareholders. The brothers Giuseppe and Patrizio Patrizi have reinvested to retain a minority stake and will continue in their operational roles (Plant Director and Commercial Director, respectively). The acquisition was financed by a pool of banks led by BCC Banca Iccrea and a private debt tranche provided by Tenax Capital.

Anheuser-Busch InBev has entered into a definitive agreement to purchase an 85% majority stake in BeatBox Beverages for $490m. This transaction integrates one of the fastest-growing independent RTD brands into AB InBev's "Beyond Beer" portfolio, alongside assets like Cutwater Spirits. The deal structure allows the founders to remain with the company and continue driving its entrepreneurial culture, with a provision for AB InBev to acquire the remaining 15% ownership after five years. The acquisition provides BeatBox with access to AB InBev's unparalleled distribution network to accelerate its US expansion, while AB InBev secures a dominant position in the high-ABV, flavor-forward beverage segment favored by younger legal-drinking-age consumers.

Investindustrial has entered into a definitive agreement to acquire TreeHouse Foods. This take-private deal removes the largest private-label manufacturer from the stock exchange, providing shareholders with a substantial premium. TreeHouse will continue to operate independently but will benefit from Investindustrial's operational expertise and long-term capital to accelerate its leadership in the private brand snacking and beverage categories.

Investindustrial, through its ingredient holding company Nexture, has agreed to acquire Frulact from Ardian. Nexture prevailed in a competitive process against finalists including the Jose de Mello Group and IK Partners. This acquisition integrates Frulact into a broader pan-European ingredient platform alongside Italcanditi and CSM Ingredients. The deal marks a successful exit for Ardian, which supported Frulact's transformation from a family business to a global player via organic growth and M&A (IFF acquisition).

Camlin Fine Sciences (CFSL) completed the acquisition of a 78.68% majority stake in Vinpai from existing shareholders. Following this block acquisition, CFSL will convert its convertible bonds on December 1, 2025, increasing its ownership to 83.82%. Consistent with French market regulations, CFSL intends to file a simplified mandatory tender offer (OPAS) in mid-December 2025 for the remaining shares at the same price. If the 90% ownership threshold is reached, a squeeze-out (retrait obligatoire) will be implemented to delist Vinpai from Euronext Growth.

PAI Partners completed a EUR3.6 billion equity transaction to transfer its 50% stake in Froneri from its older funds to a new single-asset Continuation Vehicle (CV). This allows PAI to extend its holding period and support further growth. The transaction was oversubscribed and led by Goldman Sachs Alternatives. ADIA (Abu Dhabi Sovereign Wealth Fund) entered as a significant minority co-investor. Nestle remains the owner of the other 50% of the joint venture. The deal follows a successful debt refinancing earlier in the year.

Ferrero Group has entered into a definitive agreement to acquire the entire issued share capital of WK Kellogg Co via an all-cash transaction. Under the terms of the agreement, shareholders will receive a cash consideration per share that represents a significant premium of approximately 40% over the company's 30-day volume-weighted average price (VWAP). The acquisition facilitates the delisting of WK Kellogg Co from the New York Stock Exchange, returning the business to private family ownership under the Ferrero umbrella. Strategically, this transaction marks Ferrero's entry into the North American breakfast category, complementing its existing strength in snacking and treats. It allows Ferrero to capture a new consumption occasion ("the morning meal") while significantly bolstering its industrial scale and leverage with major North American retailers through the addition of high-volume, staple grocery brands.