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Tag "acquisition"

Frutarom makes first acquisition in 2016

Frutarom has begun 2016 with the purchase of 50% of biotech company Algalo for around $2.6 million which will fund the building of a facility that will specialise in the cultivation, harvesting and processing of algae. Frutarom will have exclusive worldwide marketing rights for Algalo products.
“The investment in Algalo is part of a broad strategic […]

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Eden Springs Acquires French Coffee Company

    Eden Springs Acquires French Coffee Company

Eden Springs, Europe’s leading workplace drinks provider, has taken another important step in the roll-out of its hot beverage portfolio by acquiring the office coffee service (OCS) business of DrinkSo. This is Eden’s fourth European coffee company acquisition in less than twelve months.
Delivering bespoke coffee solutions for 22 years, DrinkSo is based in Bordeaux and […]

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Greencore Makes Bolt-on Acquisition in UK Ready Meals

    Greencore Makes Bolt-on Acquisition in UK Ready Meals

Greencore Group has acquired International Cuisine, a private label chilled ready meal business, from the Hain Daniels Group in the UK. International Cuisine’s ready meal facility is based in Consett in CountyDurham and the majority of its revenue of approximately £45 million is derived from several existing Greencore ready meal customers.
The acquired facility will also […]

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Carlsberg Extends Ownership of Baltika Breweries

    Carlsberg Extends Ownership of Baltika Breweries

Carlsberg Group has acquired a 12.1% stake in Baltika Breweries for an undisclosed sum to increase its ownership of the Russian brewer to 96.8%. When the necessary administrative steps have been completed Carlsberg Group intends to launch a compulsory purchase of the remaining outstanding shares in Baltika Breweries.
Russiais the world’s fourth largest beer market and […]

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Orkla Buys Rieber & Son

    Orkla Buys Rieber & Son

Orkla has taken a significant step towards becoming a pure play branded consumer goods company by agreeing to acquire the family-owned Rieber & Son. The transaction values the entire company (on a debt-free basis) at NOK 6.1 billion (Eur831 million).
Rieber & Son is listed on the Oslo Stock Exchange, and is an important supplier to […]

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McCain Foods to Acquire Leading European Chilled Potato Producer

    McCain Foods to Acquire Leading European Chilled Potato Producer

International frozen foods group McCain Foods intends to acquire CelaVíta, a subsidiary of Bieze Food Group, a leading Dutch producer of chilled food products for the food retail and food service industry. CelaVíta is a leading European chilled potato producer and the market leader in the Benelux with over 300 employees. Its product portfolio includes […]

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Glanbia Expands Nutritional Ingredients Business With US Acquisition

    Glanbia Expands Nutritional Ingredients Business With US Acquisition

Glanbia, the international nutritional solutions and cheese group, has acquired Aseptic Solutions, a US beverage manufacturer and co packer, for $60 million (Eur50 million). The acquisition is funded through Glanbia’s existing banking facilities.
ASI was founded in 2004 and is a manufacturer and co-packer of nutritional and dietary beverages including vitamin shots, protein shakes and 100% […]

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Remy Cointreau Enters Scotch Whisky Market

    Remy Cointreau Enters Scotch Whisky Market

Remy Cointreau UK, a wholly owned subsidiary of Remy Cointreau Group, has agreed to acquire Bruichladdich Distillery Company, the Islay single malt Scotch whisky distiller. The transaction marks the French drinks group’s first move into the premium single malt Scotch whisky market, a category experiencing strong growth all over the world, especially in the very […]

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Kozy Shack Acquired by US Dairy Co-op

    Kozy Shack Acquired by US Dairy Co-op

Kozy Shack Enterprises, the North American and international producer of chilled dairy desserts, has been acquired by US dairy co-operative Land O’Lakes. The acquisition of Kozy Shack provides Land O’Lakes with entry to the attractive dairy dessert category. The terms of the deal were not disclosed.
Kozy Shack, based in New York, was founded by Vincent […]

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Heineken to Acquire Asia Pacific Breweries

    Heineken to Acquire Asia Pacific Breweries

Heineken has made a S$5.1 billion (US$4 billion) offer to buy the stake held by its joint venture partner, Fraser & Neave, in Asia Pacific Breweries, one of the fastest growing beer groups in Asia and owner of the Tiger brand. In accordance with the Singapore Code on Takeovers and Mergers, when the conditions of […]

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Nestle Health Science Develops Brain Health Portfolio With New Acquisition

    Nestle Health Science Develops Brain Health Portfolio With New Acquisition

Nestle Health Science has acquired a stake in a US firm Accera, to support the ongoing trials and rollout of the firm’s key brand, Axona, a medical food intended for the clinical dietary management of mild to moderate Alzheimer’s disease, already on the market in the US. Axona fits the company’s ambition to develop a […]

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Irish Dairy Board Strengthens UK Food Ingredients Business

    Irish Dairy Board Strengthens UK Food Ingredients Business

The Irish Dairy Board (IDB) has acquired The Cheese Warehouse, a UK-based cheese ingredients company. This strategic acquisition will further strengthen the IDB’s position in the UK food ingredients and food service sectors, a key market for Irish dairy exports.
Established in 2004, The Cheese Warehouse operates from well invested facilities in North Shropshirewhere it custom […]

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Remy Cointreau Group Has Taste For Scotch Whisky

    Remy Cointreau Group Has Taste For Scotch Whisky

Remy Cointreau Group, the French spirits and liqueurs group, has entered into exclusive negotiations to acquire Scotch malt whisky product Bruichladdich Distillery Company. Founded in 1881, Bruichladdich is a renowned distiller of premium single malt Scotch whisky based on the Isle of Islay in Scotland.
For the year ended 31 March 2012, Remy Cointreau increased turnover […]

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Premier Foods Sells Ethnic Flour Business to ABF

    Premier Foods Sells Ethnic Flour Business to ABF

Premier Foods has sold its Elephant Atta ethnic flour business to Westmill Foods, a subsidiary of Associated British Foods, for a cash consideration of £34 million. The agreement represents another step in Premier Foods’ strategy to prioritise investment behind its ‘power brands’ and divest selected, non-core businesses.
Elephant Atta is the UK’s leading brand of ethnic […]

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Emmi Strengthens its International Business

    Emmi Strengthens its International Business

Swiss dairy group Emmi has further strengthened its international business by increasing its stakes in Kaiku Corporacion Alimentaria in northern Spain (from 42.6 % to 66 %) and Diprola in France (to 63 %). In the medium term, Emmi’s strategy is to increase the share of sales generated by its international business from 30% to […]

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Cranswick Expands Cooked Meats Business

    Cranswick Expands Cooked Meats Business

UK food processor Cranswick has acquired Kingston Foods for an undisclosed sum. Kingston is a producer of premium cooked and roasted meat products and at 27 January 2012 had gross assets of £3.7 million. The acquisition of Kingston strengthens Cranswick’s cooked meat production capabilities, further diversifies its product range in a growing market and broadens […]

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AB InBev Consolidates Global Leadership With $20.1 Billion Acquisition

    AB InBev Consolidates Global Leadership With $20.1 Billion Acquisition

Anheuser-Busch InBev has agreed to acquire the remaining stake in Mexican brewer Grupo Modelo that it does not already own for $20.1 billion. The combination is expected to yield annual synergies of at least $600 million and add the Corona brand to the AB InBev’s portfolio.
The agreement is a natural next step given AB InBev’s […]

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Greencore Makes Further Platform Acquisition in the US

    Greencore Makes Further Platform Acquisition in the US

Greencore has further strengthened its business in the US with the acquisition of  HC Schau & Son, a fresh food manufacturer with facilities in Chicago, Illinois and Jacksonville, Florida. The acquisition, which is worth up to $19 million, will form a critical part of the supply network for a significant new multi-regional contract gain in […]

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Danone Expands in Morocco With €550 Million Acquisition

    Danone Expands in Morocco With €550 Million Acquisition

Danone is paying Eur550 million to increase its stake from 29.2% to 67% in Moroccan dairy company Centrale Laitiere. Danone has held its 29.2% shareholding since 2001.
Centrale Laitiere is Morocco’s leading dairy products company with nearly 60% of the market. It has sales of around Eur600 million in a fast-growing market and operates the country’s […]

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Chinese Food Giant Diversifies into Wine

    Chinese Food Giant Diversifies into Wine

Bright Food, one of China’s largest food groups, is diversifying into the wine sector by acquiring a 70% stake in Diva Bordeaux for an undisclosed sum. The move is in line with the Chinese group’s strategy of developing globally.
Bright Food recently acquired 60% of Weetabix Food Company, the second largest branded manufacturer by value of […]

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Molson Coors Completes €2.65 Acquisition

    Molson Coors Completes €2.65 Acquisition

Molson Coors Brewing Company has completed its previously announced acquisition of StarBev for approximately €2.65 billion. Mark Hunter, chief executive of Molson Coors UK & Ireland business, will serve as chief executive of the new business unit, which has been renamed Molson Coors Central Europe.
Molson Coors Central Europe employs approximately 4,100 people, operates nine breweries […]

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Greencore Selling Chilled Desserts Plant to Muller UK

    Greencore Selling Chilled Desserts Plant to Muller UK

Greencore is disposing of its chilled desserts facility in Minsterley to the Muller Dairy UK for £4.3 million. Under the terms of the disposal, ownership of the facility will transfer to Muller and the co-packing arrangement for Cadbury chilled desserts will terminate.
The disposal is expected to complete at the start of January 2013, by which […]

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Kellogg Completes $2.7 Billion Acquisition of Pringles

  Kellogg Completes $2.7 Billion Acquisition of Pringles

Kellogg Company has completion of its acquisition of Procter & Gamble’s Pringles business. The $2.69 billion acquisition further strengthens Kellogg Company’s competitive position in global snacks, making Kellogg the world’s second-largest savoury snacks player.
“The addition of Pringles to our portfolio significantly advances the company’s strategic goal of building a global snacks business on par with […]

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Parmalat Enters US Dairy Market

  Parmalat Enters US Dairy Market

Italian dairy group Parmalat has completed the intra-group acquisition of Lactalis American Group for $904 million. The deal marks Parmalat’s entry into the US dairy market, which is one of the largest in the world. It also strengthens Parmalat’s position in Latin America with the addition, to its current activities in Colombia and in Venezuela, of […]

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Bonduelle Gets Green Light For Hungarian Acquisition

  Bonduelle Gets Green Light For Hungarian Acquisition

Bonduelle Group, the world leader in processed vegetables, has strengthened its position in Central Europe after receiving the approval of the Hungarian competition authorities for its acquisition of Kelet-Food, a canning factory with a capacity of 25,000 to 30,000 tonnes. Located in Nyiregyhaza, north-east of Budapest, Kelet-Food produces canned sweet corn and peas, which it […]

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Acquisition of Skanemejerier by Lactalis Approved

  Acquisition of Skanemejerier by Lactalis Approved

The European Commission has cleared under the EU Merger Regulation the proposed acquisition of the Swedish dairy products and fruit juices company Skanemejerier by French dairy giant Lactalis. The Commission examined the competitive effects of the proposed acquisition in the markets for dairy products, notably the supply of cream and the procurement of raw milk […]

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Hain Celestial Makes Strategic Irish Acquisition

  Hain Celestial Makes Strategic Irish Acquisition

Hain Celestial Group, the US-based natural and organic products manufacturer, is extending its international presence into Ireland with the acquisition of Cully & Sully. Cully & Sully is a marketer and manufacturer of natural chilled soups, savory pies and hot pots, all under the Cully & Sully brand, with a range of approximately 20 products. […]

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Bright Food to Acquire 60% of Weetabix

  Bright Food to Acquire 60% of Weetabix

Bright Food, one of China’s largest food groups, is acquiring 60% of Weetabix Food Company from private equity firm Lion Capital for an enterprise value of £1.2 billion. The remaining 40% of the shares will continue to be held by Lion Capital and management. The transaction is subject to regulatory and government approvals in China as […]

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First Milk Acquires Sports Nutrition Business

  First Milk Acquires Sports Nutrition Business

UK dairy co-operative First Milk has taken another step into the premium functional food sector with the acquisition of sports nutrition company CNP Professional for an undisclosed sum. CNP Professional is headquartered in Manchester where it markets and sells a broad range of quality products for the sports nutrition market. Its products are targeted at […]

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Beam Extends Presence in Vodka Category With $605 Million Deal

  Beam Extends Presence in Vodka Category With $605 Million Deal

Beam, the US-based global spirits group, is acquiring the fast-growing Pinnacle Vodka and Calico Jack rum brands and other related assets for $605 million in cash from White Rock Distilleries. Pinnacle Vodka, with 2012 volumes expected to exceed 3 million 9-liter cases, will significantly enhance Beam’s presence in the large, growing vodka category. With a […]

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Nestle to Acquire Pfizer Nutrition For $11.85 Billion

  Nestle to Acquire Pfizer Nutrition For $11.85 Billion

In a strategic move to enhance its position in global infant nutrition, Nestle has agreed to acquire Pfizer Nutrition for $11.85 billion (Eur9.01 billion). Nestle estimates Pfizer Nutrition’s 2012 sales at $2.4 billion, with 85% generated in emerging markets, many of them with large, fast-growing populations. The acquisition is subject to regulatory approval.
Infant nutrition is […]

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United Coffee Sold to Japanese Group

  United Coffee Sold to Japanese Group

United Coffee, Europe’s leading independent coffee group, is being sold by private equity fund, CapVest Equity Partners, to UCC Holdings, Japan’s leading coffee company. The transaction is expected to complete during the second quarter of 2012 and will bring together two leading coffee groups from Europe and Asia to become one of the top five […]

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WILD Flavors to Acquire Cargill’s Global Juice Blends and Compounds Business

  WILD Flavors to Acquire Cargill’s Global Juice Blends and Compounds Business

Leading natural ingredients company WILD Flavors has agreed to acquire Cargill’s global juice cold blends and compounds business for an undisclosed sum. The acquisition will provide WILD with over $200 million in additional annual sales and three ocean-access tank farms in the strategic growth areas of Asia, Europe andNorth America. The transaction is subject to […]

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Greencore Strengthens US Foods Business

  Greencore Strengthens US Foods Business

Greencore Group, one of the leading convenience food manufacturers in the UK and Ireland, is strengthening its US business with the acquisition of Marketfare Foods for $36.0 million (£22.6 million). Marketfare is a leading manufacturer of food to go products for convenience and small stores in the US. Its principal customer is 7-Eleven, which it […]

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Anheuser-Busch InBev Becomes Caribbean Leader With $1.2 Billion Deal

  Anheuser-Busch InBev Becomes Caribbean Leader With $1.2 Billion Deal

Anheuser-Busch InBev has further strengthened its exposure to emerging markets by taking a majority stake in Cerveceria Nacional Dominicana (CND), one of the largest brewers in the Dominican Republic. Anheuser-Busch InBev’s subsidiary AmBev Brasil has formed a strategic alliance with E Leon Jimenes, which owns 83.5% of. CND, to create the leading beverage company in […]

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Molson Coors to Acquire StarBev For €2.65 Billion

  Molson Coors to Acquire StarBev For €2.65 Billion

North American beer group Molson Coors Brewing Company is significantly increasing its international business and exposure to emerging markets by acquiring StarBev from private equity firm CVC for Eur2.65 billion ($3.54 billion). Headquartered in Amsterdam, The Netherlands, and Prague, Czech Republic, StarBev operates nine breweries in Central and Eastern Europe (CEE) and generated sales of […]

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Cranswick Sells Stake in Farmers Boy (Deeside) to Morrisons

  Cranswick Sells Stake in Farmers Boy (Deeside) to Morrisons

Cranswick, one of the leading UK suppliers of pork products, has sold its 49% stake in Farmers Boy (Deeside) to supermarket group Morrisons for an undisclosed price. Farmers Boy produces 1.5 million packs of sliced ham and poultry products a week from its 175,000 sq ft factory and employs 600 people. 
The business was acquired by […]

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Anheuser Busch InBev and Heineken Chase $1.5 Billion Acquisition

  Anheuser Busch InBev and Heineken Chase $1.5 Billion Acquisition

Anheuser-Busch InBev and Heineken are reported to be competing to acquire Cerveceria Nacional Dominicana (CND), the largest brewer in the Dominican Republic. CND, which also sells its beer in the Caribbean islands and in the United States, is owned by Grupo Leon Jimenes. The likely price tag for CND is $1.5 billion and a deal […]

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Acquisition of Cumbrian Seafoods Approved

  Acquisition of Cumbrian Seafoods Approved

The UK Office of Fair Trading has cleared the acquisition of Cumbrian Seafoods by private equity company Lion Capital, which also owns Young’s Seafood, the UK’s leading chilled and frozen fish and seafood company. The OFT examined the implications of the deal, particularly with regard to whether it gave Young’s Seafood a dominant position in […]

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Eden Springs Entering the Coffee Market

  Eden Springs Entering the Coffee Market

By acquiring the coffee activities from Thecafe, the Dutch market leader in water coolers, Eden Springs, has established a platform for its planned growth in the office coffee service market. Eden Springs is Europe’s leading provider of water solutions for the workplace, offering a broad range of bottle-fed water coolers and plumbed-in water coolers. With […]

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Diageo Gains Regulatory Approval For £630 Million Chinese Acquisition

  Diageo Gains Regulatory Approval For £630 Million Chinese Acquisition

Diageo has received Chinese regulatory clearance to acquire the outstanding shares of Sichuan Shuijingfang Co for £630 million. ShuiJingFang is one of the largest super premium Chinese white spirits brand by volume in China. The company is listed on the Shanghai Stock Exchange.
Diageo made its first 43% investment in February 2007 and increased its shareholding […]

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FrieslandCampina Strengthens its Position in Asia With $457 Million Acquisition

  FrieslandCampina Strengthens its Position in Asia With $457 Million Acquisition

Royal FrieslandCampina has purchased a controlling interest in Alaska Milk Corporation, one of the largest dairy companies in the Philippines and listed on the Philippine Stock Exchange. FrieslandCampina is paying $302 million to increase its stake from about 8.1% to 68.9% by purchasing the shares held by the Uytengsu family, the founders and controlling shareholders […]

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Robert Wiseman Dairies Delisted

  Robert Wiseman Dairies Delisted

Robert Wiseman Dairies has been delisted from the London Stock Exchange following its £279.5 million acquisition by Muller Dairy (UK), the British subsidiary of German dairy group Muller. Operating from six major processing dairies in Aberdeen, East Kilbride, Glasgow, Manchester, Droitwich Spa and Bridgwater, Robert Wiseman Dairies processes and delivers more than 30% of the […]

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FlavourCraft Deal ‘Perfect Fit’ For Kerry

  FlavourCraft Deal ‘Perfect Fit’ For Kerry

Kerry Ingredients & Flavours has completed the acquisition of South African flavours company FlavourCraft for an undisclosed sum. The deal sees Kerry expand its presence not just in South Africa, serving food manufacturers in the country, but across the continent. Established in 1993, Durban-based FlavourCraft specialises in the design and manufacture of flavours for meats, […]

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Carlsberg to Acquire Full Control of Baltika

  Carlsberg to Acquire Full Control of Baltika

Carlsberg Group intends acquiring the remaining 15% stake in its Russian subsidiary, Baltika Breweries, for up to DKr6.5 billion (Eur870 million). The move will involve a delisting of Baltika.
The net cost to Carlsberg for increasing its ownership from around 85% to 100% in 2012 and beyond will be a maximum of DKr4.4 billion due to […]

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Kellogg Company to Acquire Pringles For $2.7 Billion

  Kellogg Company to Acquire Pringles For $2.7 Billion

Kellogg Company has agreed to acquire Procter & Gamble’s Pringles business for $2.695 billion. Pringles is an excellent strategic fit for Kellogg and significantly advances the company’s goal of building a global snacks business on par with its global cereal business.
Pringles is the world’s second largest player in savoury snacks, with $1.5 billion in sales […]

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Barry Callebaut to Acquire American Chocolate Decorations Manufacturer

  Barry Callebaut to Acquire American Chocolate Decorations Manufacturer

Barry Callebaut, the world’s leading manufacturer of high-quality cocoa and chocolate products, is acquiring Mona Lisa Food Products, a leader in chocolate decorations products in the US. The currently privately owned company will be integrated into Barry Callebaut’s North American Gourmet & Specialties Products business.
The acquisition of Mona Lisa confirms Barry Callebaut’s intention to further […]

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Muller’s Recommended Cash Offer For Wiseman Declared Unconditional

  Muller’s Recommended Cash Offer For Wiseman Declared Unconditional

Having purchased or received valid acceptances for 93.9% of the ordinary share capital of Robert Wiseman Dairies, the UK liquid milk processor, German dairy group Muller has declared its recommended cash offer unconditional. Wiseman has now applied for the cancellation of its listing on the London Stock Exchange, a process which should be completed by […]

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SABMiller and Molson Coors Move into Fast Growing US Cider Market

  SABMiller and Molson Coors Move into Fast Growing US Cider Market

SABMiller and Molson Coors, through their MillerCoors brewing joint venture in the US, have moved into the cider market, the American beer industry’s fastest-growing category. Tenth and Blake Beer Company, MillerCoors’ craft beer and import division, has acquired Crispin Cider Company, the third largest producer of cider in the US.
Crispin Cider Company produces European-style natural […]

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Fuller Smith & Turner Expands Pub Estate

  Fuller Smith & Turner Expands Pub Estate

UK regional brewer and pub company Fuller, Smith & Turner has agreed to acquire 15 freehold, tied, tenanted pubs from Enterprise Inns for £22.9 million. Fuller will fund the transaction from existing bank facilities. UnderEnterprise’s ownership, these pubs generated operating profits of £1.7 million in the year to 30 September and had a balance sheet […]

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The Greenery UK Acquires John Baarda

  The Greenery UK Acquires John Baarda

The Greenery UK, one of the leading suppliers of fruit, vegetables and mushrooms to supermarkets and wholesalers across Britain, has acquired John Baarda, the second largest tomato producer in the UK. The move follows several years of poor financial performance and operational challenges at John Baarda. The Greenery UK is part of The Netherlands-based business […]

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Morrisons Expands Food Manufacturing Capacity With Acquisition

  Morrisons Expands Food Manufacturing Capacity With Acquisition

UK grocery chain Morrisons has expanded its meat processing operations with the acquisition of a 105,000 sq ft facility in Winsford, Cheshire from Vion UK, part of the Netherlands-based meat co-operative. The site is a centralised fresh pork and lamb retail packing plant which has the capacity to expand into beef products and increase its […]

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Bonduelle Closes in on Russian Acquisition

  Bonduelle Closes in on Russian Acquisition

Bonduelle Group, the world leader in processed vegetables, has concluded negotiations regarding the acquisition of the agro-industrial and commercial assets of French co-operative CECAB in Russia and in the countries of the Confederation of Independent States (CIS). The acquisition, which was announced last October, should take effect in the first quarter of 2012 for the […]

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Beam Completes Irish Whiskey Acquisition

  Beam Completes Irish Whiskey Acquisition

US-based global spirits group Beam has completed its $95 million acquisition of Cooley Distillery, the Irish whiskey producer. The acquisition includes the Kilbeggan, Connemara, Tyrconnell and Greenore brands, as well as aging inventory and Cooley’s malt and grain distilleries in Dundalk and Kilbeggan in Ireland.
Cooley is one of only three sources for Irish whiskey and […]

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