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Tag "acquisition"

SABMiller Makes Hostile Bid For Foster’s

    SABMiller Makes Hostile Bid For Foster’s

SABMiller has made a hostile move to acquire Foster’s after its initial offer was rejected by the Australian brewer’s board. SABMiller first approached Foster’s on June 20th 2011 with a

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ADM to Acquire Polish Oils Company

    ADM to Acquire Polish Oils Company

Archer Daniels Midland Company is taking another important step in the expansion of its oilseed processing, food manufacturing and biodiesel capabilities by purchasing a majority share of Elstar Oils. A

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SABMiller to Renew Foster’s Bid

    SABMiller to Renew Foster’s Bid

SABMiller is reported to be planning to renew its efforts to acquire Australian brewer Foster’s. Foster’s is due to report a major fall in brewing profits when it announces its

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Heineken Completes Acquisitions of Two Breweries in Ethiopia

    Heineken Completes Acquisitions of Two Breweries in Ethiopia

Heineken has completed the acquisitions of the Bedele and Harar breweries from the government of the Federal Democratic Republic of Ethiopia for $85m and $78m respectively. The transactions follow Heineken’s

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Unilever Sells Ragu and Chicken Tonight Brands to Symington’s

    Unilever Sells Ragu and Chicken Tonight Brands to Symington’s

Unilever has sold its Ragu and Chicken Tonight sauce brands in theUKandIrelandto Symington’s, the Leeds-based convenience food company. Although the price of the deal was undisclosed, it is throught to

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Young & Co Quits Brewing

    Young & Co Quits Brewing

London-based Young & Co has exited brewing after selling its 40% shareholding in Wells & Young’s Brewing Company to Charles Wells, the English regional brewer and pub operator, for £15.1m.

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Valeo Foods to Acquire Jacob Fruitfield Food Group

    Valeo Foods to Acquire Jacob Fruitfield Food Group

Valeo Foods has reached agreement to acquire rival Irish foods business Jacob Fruitfield Food Group for an undisclosed consideration. The deal is subject to regulatory approval.   Valeo was formed

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Danone’s €250 Million Indian Acquisition

    Danone’s €250 Million Indian Acquisition

Danone is acquiring Wockhardt Group’s nutrition business for Eur250m to enter the baby nutrition and medical nutrition markets in India. Danone is purchasing Wockhardt’s nutrition business and brands as well

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Pivovarna Lasko Sells Juice Business to Nectar

  Pivovarna Lasko, the largest drinks producer in Slovenia, has sold Fructal Lasko, its fruit juice business, for Eur35.3m to Nectar, Serbia’s biggest soft drinks and jam manufacturer. The disposal

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Princes Completes £182 Million Canning Acquisition

    Princes Completes £182 Million Canning Acquisition

Princes Group, which is owned by Mitsubishi Corporation, has completed the £182m acquisition of Premier Foods’ East Anglian canning operations to extend its presence in the UK ambient foods market.

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Green King Expands Pubs Business With £70 Million Acquisition

    Green King Expands Pubs Business With £70 Million Acquisition

Greene King has beaten fellow UK regional brewer Fuller, Smith & Turner to acquire the Capital Pub Company for £70m. The deal is in line with Greene King’s focus on

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Dairy Crest Strengthens Spreads Business

    Dairy Crest Strengthens Spreads Business

UK dairy group Dairy Crest has strengthened its spreads business with the £13m acquisition of MH Foods, which manufactures healthy ‘one calorie’ spray cooking oils and salad dressings. “It has

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Nestle Health Science Acquires a Stake in Vital Foods

    Nestle Health Science Acquires a Stake in Vital Foods

Nestle Health Science has acquired a minority stake in Vital Foods, a New Zealand-based company that specialises in the development of kiwifruit-based solutions for gastrointestinal conditions. The terms of the

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Kerry Group Looks to Acquire Cargill’s Global Flavours Business

    Kerry Group Looks to Acquire Cargill’s Global Flavours Business

Kerry Group, the Irish and international ingredients, flavours and consumer foods group, is in exclusive discussion with Cargill regarding the acquisition of the US giant’s global flavours business. Cargill Flavor

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Greencore to Acquire Uniq For £113 Million

    Greencore to Acquire Uniq For £113 Million

Greencore has made a recommended £113m cash offer for Uniq to significantly strengthen its position within the UK convenience foods market, chiefly within the food to go and chilled desserts

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Arla Foods to Acquire Southern German Dairy

    Arla Foods to Acquire Southern German Dairy

Arla Foods is preparing to strengthen its position in Germany after making an offer to purchase southern German dairy company Allgauland-Kasereien, which is in financial difficulty. The next step in

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Barry Callebaut Selling European Consumer Business

    Barry Callebaut Selling European Consumer Business

Barry Callebaut, the global manufacturer of cocoa and chocolate products, is selling its European consumer business Stollwerck to the Belgian Baronie Group for an undisclosed price. The deal comprises the

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Lactalis Holds 83% of Parmalat

French dairy group Lactalis had secured 83.3% of Parmalat, Italy’s biggest listed food group, at the conclusion of its Eur2.5b buyout offer. Lactalis is famous for its President Camembert cheese

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Ian Macleod Distillers Buys a Second Distillery

    Ian Macleod Distillers Buys a Second Distillery

Ian Macleod Distillers, the independent, family-owned Scotch whisky distiller, blender and bottler has purchased Tamdhu distillery in Speyside from the Edrington Group for an undisclosed price. Established in 1897, Tamdhu’s

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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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Provexis Acquires Sports Nutrition Business For £8 Million

    Provexis Acquires Sports Nutrition Business For £8 Million

Provexis, the life-science business that discovers, develops and licenses scientifically-proven functional food, medical food and dietary supplement technologies, has agreed to purchase SiS (Science in Sport), a revenue generating, profitable

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Foster’s Rejects A$11.2b SABMiller Approach

    Foster’s Rejects A$11.2b SABMiller Approach

Foster’s Group, the largest brewer in Australia, has rejected an unsolicited A$11.2b (Eur8.3b) acquisition approach from SABMiller. The proposal to acquire Foster’s is in line with SABMiller’s strategy to create

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Dairy Crest Eyes Yoghurt Market

  Dairy Crest Eyes Yoghurt Market

UK dairy group Dairy Crest is reported to planning to move into the £1.2b yoghurt market either through developing its

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Origin Enterprises Expands

Origin Enterprises, the Dublin-based international agri-services group with strategic investments in consumer foods and marine proteins and oils, is acquiring

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Nestle to Acquire Serbian Food and Beverage Company

  Nestle to Acquire Serbian Food and Beverage Company

Nestle has agreed to acquire the business of Centroproizvod Company, a leading food and beverage producer in Serbia, for an

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Fuller’s £54m Offer For Capital Pub Company Rejected

A £53.8m offer by Fuller, Smith & Turner, the London-based regional brewer and pub owner, for the Capital Pub Company

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Lactalis Receives EC Approval For Parmalat Move

  Lactalis Receives EC Approval For Parmalat Move

Lactalis, the French dairy group, has been given clearance by the European Commission for its Eur3.4b bid to acquire the

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Emmi Strengthens its International Business

  Emmi Strengthens its International Business

Swiss dairy company Emmi is acquiring A-27, an Italian company which produces and distributes high-quality dessert specialities, for an undisclosed

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First Milk Expands With Kingdom Acquisition

  First Milk Expands With Kingdom Acquisition

Dairy co-operative First Milk has purchased Kingdom Cheese and Kingdom Dairies, both based in Fife in Scotland, in a move

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SHS Group Expands Through Acquisition

  SHS Group Expands Through Acquisition

Northern Ireland-based SHS Group has expanded into the cordials and squash market after acquiring a majority shareholding in Bottlegreen Holdings

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EBRD Acquires Stake in Russian Cake Manufacturer

  EBRD Acquires Stake in Russian Cake Manufacturer

The European Bank for Reconstruction and Development has invested Eur10m to acquire a minority stake in Hlebprom, a leading Russian

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Blackstone Eyes Tangerine Confectionery

  Blackstone Eyes Tangerine Confectionery

Private equity firm Blackstone Group is in exclusive talks to acquire Tangerine Confectionery, the largest manufacturer of sugar confectionery and branded

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Heineken Looks to Expand in Brazil

  Heineken Looks to Expand in Brazil

Heineken is reported to be considering making an offer to acquire Primo Schincariol Industria de Cervejas Refrigerantes, the second largest

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Nestle Waters Expands Portfolio

  Nestle Waters Expands Portfolio

Nestle Waters is expanding its portfolio of bottled water to include high quality iced teas, lemonades and juices through acquisition.

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DuPont Makes Final Danisco Tender Offer

  DuPont Makes Final Danisco Tender Offer

DuPont, the global science group, has increased the price of its tender offer to acquire all of the outstanding shares

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Orior Acquires Swiss Tofu Producer

  Orior Acquires Swiss Tofu Producer

Swiss food group Orior, through its Fredag subsidiary, has acquired Bernatur, the leading tofu producer in Switzerland, for an undisclosed

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Cargill’s German Chocolate Acquisition Receives Green Light

  Cargill’s German Chocolate Acquisition Receives Green Light

The European Commission has cleared Cargill’s acquisition of KG Kakao Verarbeitung Berlin (KVB), an integrated chocolate company based in Germany,

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Gumlink Takes Stake in Canadian Probiotic and Nutraceutical Gum Manufacturer

  Gumlink Takes Stake in Canadian Probiotic and Nutraceutical Gum Manufacturer

Gumlink of Denmark has strengthened its leading position in the global nutraceutical chewing gum market by acquiring a 50% stake

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Greene King Completes Pubs Acquisition

  Greene King Completes Pubs Acquisition

UK regional brewer and pub operator Greene King has completed the £53.1m acquisition of Realpubs in line with its strategy

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Lactalis Makes €3.4 Billion Move on Parmalat

  Lactalis Makes €3.4 Billion Move on Parmalat

French dairy group Lactalis, which already owns 29% of Parmalat, has made a Eur3.38b offer for the remaining shares in

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Zetar Expands Confectionery Business

  Zetar Expands Confectionery Business

Zetar, the UK confectionery and snack foods company, has acquired Derwent Lynton for a maximum consideration of up to £0.8m.

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Nestle Expands in China

  Nestle Expands in China

Nestle has taken a 60% stake in Chinese food company Yinlu Foods Group for an undisclosed price. Family-owned Yinlu is

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Bakery Products Saves Woodhead Bakery From Closure

English Midlands-based Bakery Products has acquired Woodhead Bakery and 11 of its retail outlets from the administrators. Bakery Products is

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Evolva to Expand Nutritional Ingredients Portfolio With Abunda Acquisition

  Evolva to Expand Nutritional Ingredients Portfolio With Abunda Acquisition

Evolva, the Swiss pharmaceutical group, is expanding its innovative nutritional ingredients portfolio with the acquisition of R&D partner Abunda Nutrition,

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Boparan Starts Delisting of Northern Foods

  Boparan Starts Delisting of Northern Foods

Boparan Holdings has started the process of delisting Northern Foods’ shares from the London Stock Exchange after its £340m offer

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Diamond Foods Bags Pringles in $2.4 Billion Deal

  Diamond Foods Bags Pringles in $2.4 Billion Deal

US-based snacks group Diamond Foods is acquiring the Pringles business from Procter & Gamble in a deal worth $2.35b. Pringles

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Arla Foods’ Acquisition of Hansa Approved

  Arla Foods’ Acquisition of Hansa Approved

The European Commission has cleared the proposed acquisition of Hansa-Milch by Arla Food. After examining the operations of the two

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Provimi Pet Food Business Sold to Private Equity For €188 Million

  Provimi Pet Food Business Sold to Private Equity For €188 Million

The Provimi Group, a world leader in animal nutrition, is selling its pet food business, Provimi Pet Food, to private

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Boparan’s Offer For Northern Foods Declared Unconditional

  Boparan’s Offer For Northern Foods Declared Unconditional

Boparan Holdings, which incorporates the 2 Sisters poultry group, is nearing completion of its £342 million acquisition of Northern Foods.

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Lactalis Takes Controlling Stake in Parmalat

  Lactalis Takes Controlling Stake in Parmalat

French privately owned dairy group Lactalis, which is the world’s largest cheese manufacturer, has increased its shareholding in Parmalat, the

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General Mills Close to Yoplait Acquisition

  General Mills Close to Yoplait Acquisition

US-based food group General Mills has entered into exclusive negotiations with PAI Partners and Sodiaal to purchase a 50% stake

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Boparan Controls 70% of Northern Foods

  Boparan Controls 70% of Northern Foods

Boparan Holdings, which incorporates the 2 Sisters poultry group, now controls 70% of Northern Foods, one of the UK’s leading convenience food processors, following

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Another Milestone For Heineken

  Another Milestone For Heineken

Heineken has reached another important milestone in Mexico, the world’s fourth largest beer profit pool and a market that is

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Greencore Withdraws From Battle For Northern Foods

  Greencore Withdraws From Battle For Northern Foods

Greencore has announced that it does not intend to make a revised offer for Northern Foods. Greencore had initially proposed

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