Gourmet News

Alvinesa Acquires Olive Extract Pioneer Genosa

Published July 25, 2023

Madrid-based Alvinesa Natural Ingredients has successfully acquired Genosa. This acquisition marks a significant milestone in Alvinesa’s growth strategy and strengthens its position as a key player in the upcycled natural ingredients market, according to the company.

Alvinesa Natural Ingredients is a “circular economy” leader of sustainable plant-based ingredients. Alvinesa upcycles and transforms agricultural coproducts from wine industry into valuable natural ingredients for the food, beverage, animal health and nutraceutical industries. With a rich heritage and years of expertise, Alvinesa has established itself as a trusted provider of high-quality natural ingredients to customers worldwide.

Alvinesa’s portfolio of natural ingredients is the result of years of research and development, driven by its belief in harnessing the power of nature to deliver valuable ingredients. Among its esteemed offerings is the flagship brand, Vintera, which focuses on grape extract rich in polyphenols. The Vintera brand has gained recognition for its exceptional quality, food protection capabilities and the numerous health benefits associated with its polyphenol content. In addition, its portfolio includes natural color, grape seed oil, natural flavor (wine concentrate) and natural tartaric acid.

Genosa stands as a global leader and trailblazing company in the production and commercialization of upcycled natural hydroxytyrosol (Hytolive) derived from olive fruit. Since its establishment in 2001, the company has made substantial investments in human expertise and financial resources, prioritizing the production of premium natural extracts and delivering added value to its valued customers.

A true pioneer, Genosa was the first to introduce high-purity natural hydroxytyrosol extracts derived from olive fruit. Its patented international process utilizes only physical and mechanical methods, ensuring the utmost quality and environmental responsibility by abstaining from the use of solvents in the extraction of hydroxytyrosol.

This acquisition presents a unique opportunity for Alvinesa Natural Ingredients to further expand its ingredient range and leverage the synergies between both companies to drive innovation and customer value.

As part of the integration process, Alvinesa will be exploring ways to leverage Genosa’s expertise and technologies to enhance its existing product range.

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Good Foods Promotes GUAC-a-RITA With Giveaway

Published July 24, 2023

Good Foods, a leader in better-for-you dips and guacamole, has combined two quintessential summertime treats – guacamole and margaritas – in one with the launch of the GUAC-a-RITA. To celebrate, the brand will host a giveaway on Instagram for 25 winners to receive their very own GUAC-a-RITA prize pack, aptly beginning on July 24 with National Tequila Day and ending on National Avocado Day on July 31.

Good Foods designed the GUAC-a-RITA with two convenient compartments — one perfectly sized for a serving of their Chunky Guacamole, and one for a refreshing margarita. The limited-release, social media exclusive GUAC-a-RITA “Party in a Box” kit includes everything needed to savor the rest of the summer season, including margarita mix, artisan salt, guacamole and more.

“We know that interest in margarita and guacamole spikes in the summertime, so we wanted provide our fans with a fun and unique way to sip and dip together,” said Briana Voss, senior director of omni-channel marketing for Good Foods. “The GUAC-a-RITA does that and more and is the perfect summer entertaining centerpiece!”

To find out how to enter to win a GUAC-a-RITA Party in a Box, check out Good Foods on Instagram now through July 31.

Good Foods Group, LLC is a leader in providing healthy, all-natural products such as guacamoles, dips, salads and dressings. Good Foods creates convenient snacks and meal options that are made with real ingredients, free of preservatives and artificial flavors. The brand’s products are packaged using high pressure processing that uses cold water pressure, keeping foods safe and at their peak freshness. For more information, \visit GoodFoods.com.

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Ferrara Candy to Acquire Dori Alimentos

Published July 24, 2023

Ferrara Candy Company, a Ferrero related company and the largest sugar confections company in the United States, has reached an agreement to acquire Dori Alimentos, one of Brazil’s leading manufacturers and distributors of sweets and snacks. The acquisition will be made through CTH, which is the lead holding company of Ferrara. Dori is a family-controlled company backed by an affiliate of ACON Investments. Financial terms of the transaction were not disclosed.

Since its founding in 1967, Dori has built strong and recognized brands that are loved by millions of consumers across Brazil including Dori, Pettiz, Jubes, Gomets, Deliket, Disqueti, Yogurte 100, and Bolete. Dori’s strong portfolio, consistent performance and multi-channel nationwide distribution capabilities have allowed it to enjoy double-digit revenue growth over the last several years.

Headquartered in Chicago for more than 115 years and privately owned, Ferrara is the top-selling U.S. sugar confections company and the manufacturer of 20 beloved brands such as Black Forest, Brach’s, NERDS, SweeTARTS and Trolli.

“We are thrilled to join Ferrara, who we are confident is the right partner for this next step of Dori’s incredible story,” said Pedro Lobo, chief executive officer of Dori. “Like us, Ferrara puts the consumer at the center of all they do, shares our spirit of innovation and believes in the emotional power of candies and snacks. This pairing reflects the outstanding company that the Dori team has built over 56 years and our standing as industry pioneers in Brazil. We are thrilled to preserve that valued heritage.”

“Dori is a great fit with Ferrara, with a complementary portfolio of candies, similar heritage and a values-driven internal culture,” said Marco Capurso, chief executive officer of Ferrara. “We have deep admiration for Dori’s products and extraordinary team. We are excited to enter the fast-growing Brazilian market and create tremendous opportunity ahead for both Dori and Ferrara.”

“For many years, Ferrara has been a great inspiration for building Dori’s product portfolio and, perhaps because of this, they are similar and aligned companies. I am happy to see that Dori will be instrumental to the official expansion of Ferrara into Brazil, which will certainly provide the best path for the success of the business we have built,” said Vitor Barion, chairman of the board of directors of Dori.

“We have seen Dori evolve tremendously since our initial investment in 2016 and are excited for Dori to be embarking on a new phase in its history. We believe that Dori and Ferrara will form a strong partnership that will create value for all stakeholders,” said Rodrigo Galvão, partner at ACON Investments in Brazil.

Once the transaction is closed, Dori’s over 3,100 employees will join Ferrara’s 4,600 team members to advance a shared vision and strategy and bring additional sweetness to consumers around the world.

The transaction is expected to close in the fourth quarter of 2023 and is subject to certain closing conditions.

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