KKR-backed Upfield Group to acquire Arivia.

KKR-backed Upfield Europe, a subsidiary of Upfield Group, a manufacturer of plant-based butter and spreads is set to acquire Arivia, a producer of plant-based cheese products. Financial terms were not disclosed. This strategic acquisition will enable Upfield to enter a new segment, presenting an additional growth opportunity for the company. VIOLIFE will become part of the iconic Upfield brand family, which includes household names such as FLORA, RAMA, COUNTRY CROCK, BLUE BAND, and PROACTIV. "Our entire team is extremely pleased to become part of the Upfield family and pursue our common goals for more sustainable, higher quality and delicious alternatives to dairy products." Anthimos Misailidis, Arivia CEO.