PINTAUDI acquired by FRIULIA

Refresco has entered into a definitive agreement to acquire 100% of SunOpta for $6.50 per share in an all-cash transaction. The strategic rationale for the deal is to significantly bolster Refresco’s position in the fast-growing North American plant-based beverage market, utilizing SunOpta’s specialized aseptic manufacturing footprint as a platform for regional expansion. The acquisition is highly complementary, filling geographic gaps in Refresco’s US operations while adding advanced R&D and formulation capabilities in the plant-based milk and broth categories. Despite a temporary slowdown in US retail unit sales, the deal prioritizes SunOpta’s exceptional momentum in the foodservice channel, where it supplies eight of the top ten North American coffee chains. The transaction allows for faster operational remediation and margin normalization under private ownership, shielding the business from public-market reporting constraints. This move consolidates Refresco's shift toward value-added, less-commoditized beverage models on a global scale.

Nasta Pet Food acquired 100% of the shares of FirstMate Pet Foods from its founder and partner. This transatlantic consolidation aims to establish the acquirer as a major player in the North American market, the world's largest pet food region. The acquisition was funded through a major EUR118 million unitranche refinancing package provided by an international debt fund. This financing also serves to retire existing bank debt and provides a confirmed, undrawn CAPEX line for future growth. The strategic rationale focuses on combining European veterinary expertise with North American manufacturing capabilities and digital distribution networks. Following the integration, the new group employs 250 people and aims for a consolidated turnover of EUR200 million in 2026.

IDAK Food Group entered exclusive negotiations to acquire a majority stake in Onore from Waterland Private Equity and the management team. The transaction creates a diversified European leader in premium frozen food, combining IDAK's strengths in Switzerland and Italy with Onore's leadership in France and the UK. The management of Onore will reinvest in the new structure and continue to lead the division. The deal is expected to close in H1 2026 and represents IDAK's third major acquisition under TowerBrook's ownership.

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.

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.

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.

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.

Valsoia has acquired a 70% stake in Kele & Kele, the holding company of the Krepko dairy. The founding family retains a 30% stake and will continue to manage operations for at least three years, after which Valsoia has an option to acquire the remaining shares. The acquisition allows Valsoia to enter the European kefir market and expand its "healthy food" portfolio beyond strict plant-based categories.

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.

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.