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Tag "disposal"

Premier Foods Disposing of Sweet Spreads and Jellies Business to Hain Celestial

    Premier Foods Disposing of Sweet Spreads and Jellies Business to Hain Celestial

Premier Foods has agreed to sell its sweet spreads and jellies business, including the Hartley’s, Robertson’s, Frank Cooper, Keiller, Gales and Sun-Pat brands, to The Hain Celestial Group for a

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Unilever to Sell Frozen Meals Business in North America

    Unilever to Sell Frozen Meals Business in North America

Unilever has agreed to sell its North America frozen meals business to ConAgra Foods for a total cash consideration of $265 million (Eur216 million). Unilever’s North America frozen meals business

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Pernod Ricard Selling Danish and German Brands For €103 Million

    Pernod Ricard Selling Danish and German Brands For €103 Million

Pernod Ricard is disposing of its Danish aquavit brands Aalborg and Brøndums, the German brand Malteserkreuz Aquavit and the Danish bitter brand Gammel Dansk to Arcus-Gruppen, a leading player in

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Dairy Crest to Sell St Hubert For €430 Million

    Dairy Crest to Sell St Hubert For €430 Million

Dairy Crest, the UK’s leading dairy foods company, has received a binding offer from Montagu Private Equity to acquire St Hubert, the French branded spreads business, for a cash consideration

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Premier Foods to Dispose of Vinegar and Sour Pickles Business

    Premier Foods to Dispose of Vinegar and Sour Pickles Business

Premier Foods is selling its vinegar and sour pickles business, including the Sarson’s, Haywards and Dufrais brands, to Japan-based Mizkan, for a cash consideration of £41 million. The sale is

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Heineken to Divest Minority Stake in Dominican Republic Brewery

    Heineken to Divest Minority Stake in Dominican Republic Brewery

Heineken is selling its 9.3% minority shareholding in Cervecería Nacional Dominicana in theDominican Republicfor $237 million to AmBev Brasil, part of Anheuser-Busch InBev. Closing of the transaction is expected to

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Permira Considers Disposal of Birds Eye Iglo

    Permira Considers Disposal of Birds Eye Iglo

Private equity firm Permira is considering the sale of its Birds Eye Iglo European branded frozen food business after receiving a number of approaches. Permira is reported to have appointed

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Lion Capital Decides Against Findus Nordic Disposal

    Lion Capital Decides Against Findus Nordic Disposal

UK private equity firm Lion Capital is reported to have decided against disposing of the Nordic unit of its Findus frozen foods group. The Nordic business attracted a number of

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United Spirits Considering Disposal of Whyte & Mackay Stake

    United Spirits Considering Disposal of Whyte & Mackay Stake

United Spirits, which is part of Indian conglomerate UB Group, is considering disposing of a 49% stake in its Scotch whisky subsidiary Whyte & Mackay to help reduce debt. Controlled

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Premier Foods Completes Disposal of Brookes Avana

    Premier Foods Completes Disposal of Brookes Avana

Premier Foods has completed the disposal of its loss-making Brookes Avana business, comprising RF Brookes chilled foods and Avana Bakeries, to 2 Sisters Food Group for £30 million in cash.

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Premier Foods Sells Four Irish Brands For €41 Million

    Premier Foods Sells Four Irish Brands For €41 Million

Premier Foods is selling its four Irish brands comprising Chivers, Gateaux, McDonnells and the Erin licence to The Boyne Valley Group for a gross cash consideration of €41.4 million. The

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Sara Lee Close to Disposing of French Bakery Unit

    Sara Lee Close to Disposing of French Bakery Unit

Sara Lee is reported to be in negotiations to sell Eurodough, its French baked goods unit, as part of the US-based group’s strategy to divest its international bakery businesses. With

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Unilever Sells North American Food Brands

    Unilever Sells North American Food Brands

Unilever has agreed to sell its Culver Specialty Brands division, in the US and Canada for $325 million (Eur230 million) in cash to B&G Foods. The business being sold includes

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Sara Lee to Sell Fresh Bakery Business in Spain and Portugal to Grupo Bimbo

    Sara Lee to Sell Fresh Bakery Business in Spain and Portugal to Grupo Bimbo

Sara Lee has agreed to sell its fresh bakery businesses in Spain and Portugal to Mexico’s Grupo Bimbo for €115 million ($154 million) in cash. The deal includes all Sara

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Bakkavor Group to Sell French Business

    Bakkavor Group to Sell French Business

Bakkavor Group, the UK convenience food manufacturer, is selling Bakkavor Traiteur, a non-core, fish spreads business based in France, to Alfesca, a leading European producer and supplier of convenience, fine

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Fray Bentos Put Up For Sale

    Fray Bentos Put Up For Sale

Premier Foods, the UK’s largest domestic food processor, and Princes, the British food and drink company owned by Mitsubishi, are to dispose of the Fray Bentos brand. The move is

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Tate & Lyle Completes Retreat From Sugar

    Tate & Lyle Completes Retreat From Sugar

Tate & Lyle is disposing of its sugar interests in Vietnam to TH Milk Food Joint Stock Company, a local Vietnamese company, for £33m. The transaction is expected to be completed

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Premier Foods to Sell Canned Grocery Operation to Princes For £182m

    Premier Foods to Sell Canned Grocery Operation to Princes For £182m

Premier Foods has agreed to sell its East Anglian canned grocery operations to Princes for £182m. The sale is in line with Premier’s strategy of reducing debt and follows the

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Premier Foods Disposes of Meat-free Business for £205 Million

    Premier Foods Disposes of Meat-free Business for £205 Million

Premier Foods is selling its meat-free business, which manufactures and sells products under the Quorn and Cauldron brands, to Exponent Private Equity and Intermediate Capital Group for £205m. The business

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Carlsberg Sells German Brewery

    Carlsberg Sells German Brewery

The Carlsberg Group has sold its Feldschlosschen brewery in Dresden, Germany, to Frankfurter Brauhaus. The disposal is part of Carlsberg Deutschland’s strategy of focusing on five core brands in Northern

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Nestle Streamlines Russian Confectionery Business

    Nestle Streamlines Russian Confectionery Business

Nestle is reported to have sold its Altai Confectionery business in Russia to local private company Corminus Enterprises for an undisclosed sum. The Altai plant produced about 17,000 tonnes of

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Premier Foods Moves Closer to Meat-free Disposal

    Premier Foods Moves Closer to Meat-free Disposal

Premier Foods has confirmed that it has received bids for its meat-free business, incorporating the Quorn brand, from a number of parties, including multinational food groups and private equity firms.

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Belvedere Disposes of US Spirits Production Business

Belvedere, the French spirits group, has sold its US production business, Florida Distillers, for $48m. However, Belvedere will retain is

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Danone Completes Russian Dairy Deal

  Danone Completes Russian Dairy Deal

Danone has finalised the sale of its 18.4% stake in Wimm Bill Dann Foods, the Russian dairy and food group

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Premier Foods Receives Approaches for Meat Free Business

  Premier Foods Receives Approaches for Meat Free Business

Premier Foods, the UK’s largest domestic food processor, has received approaches that may or may not lead to a sale

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Coca-Cola Enterprises Sees Solid Growth Opportunities in Western Europe

  Coca-Cola Enterprises Sees Solid Growth Opportunities in Western Europe

Coca-Cola Enterprises, the world’s largest bottler of Coca-Cola products which will soon be focused purely on some of the largest

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Greencore Completes Disposal of Dutch Convenience Food Business

  Greencore Completes Disposal of Dutch Convenience Food Business

Leading UK and Irish convenience food manufacturer Greencore Group has completed the sale of its Netherlands-based convenience foods business, Greencore

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Nestle Completes Disposal of Alcon

  Nestle Completes Disposal of Alcon

Nestle has completed the sale of its remaining 52% stake in Alcon, the global eye care business, to Novartis for

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Barilla Disposes of German Bakery Business

  Barilla Disposes of German Bakery Business

Italian pasta and bakery group Barilla is selling Kamps, its German bakery chain, to ECM Equity Capital, a Frankfurt-based private

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Danone to Dispose of Stake in Wimm-Bill-Dann Foods

  Danone to Dispose of Stake in Wimm-Bill-Dann Foods

Danone has agreed to sell its 18.4% stake in Wimm-Bill-Dann Foods to the Russian food group for a total consideration

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Danone to Sell Stake in Chinese Juice Business For €200m

  Danone to Sell Stake in Chinese Juice Business For €200m

Danone has agreed to sell its 22.98% shareholding in China Huiyuan Juice Group, which is listed on the Hong Kong

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Greencore to Dispose of Dutch Convenience Food Business

  Greencore to Dispose of Dutch Convenience Food Business

Greencore Group is selling its Netherlands-based convenience foods business, Greencore Continental, to Convenience Foods Europe, a subsidiary of Parcom Buy

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Kraft Foods to Sell Cadbury’s Romanian Business

Kraft Foods is selling its Cadbury’s Kandia-Excelent chocolate, soft cake and sugar confectionery business in Romania to Oryxa Capital, an

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Sara Lee Refocusing Continues With €320m Disposal

  Sara Lee Refocusing Continues With €320m Disposal

US-based food, household and body care products group Sara Lee has completed the sale of its air care operation to

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Pernod Ricard Disposes of Spanish Wine Interest

Global spirits and wine group Pernod Ricard has agreed to sell its shares in Spanish drinks company Ambrosio Velasco to

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Tate & Lyle Disposes of EU Sugar Operations For £211m

  Tate & Lyle Disposes of EU Sugar Operations For £211m

Tate & Lyle is selling its EU sugar refining operations to American Sugar Refining, the largest cane sugar refiner in

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