Spain-based investment firm JB Capital has led a consortium to buy a majority stake in local group Palacios Alimentacion.

Advent International has signed a definitive agreement to acquire Sauer Brands, the owner of Duke's Mayo, from Falfurrias Capital Partners.

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Lifeway Foods has maintained the shareholder agreement the company has with investor – and suitor – Danone is “invalid”.

Toronto-based contract drinks packager Joriki owes over C$203m ($142m) to over 100 creditors, according to documents seen by Just Food.