latest – Page 15
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City snapshot: Irn-Bru owner AG Barr acquires energy drinks brand Boost
The group said the deal would boost profits and demonstrated its ongoing strategy to develop in high-growth and functional categories.
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Fullers Foods undergoes buyout with current MD Smith as new CEO
Frozen specialist Fullers Foods International has undergone a management buyout, with the fourth generation of the family business selling for an undisclosed sum
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2 Sisters agrees sale of Holland’s Pies and bakery division
2 Sisters Food Group is close to offloading its bakery division after striking a conditional agreement with an Irish boutique investment firm
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Hancocks Cash & Carry owner eyes private equity sale
The owner of speciality wholesaler Hancocks Cash & Carry is gearing up for a potential sale as investment banking partners prepare to send out documents to prospective investors
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Rapid grocer Zapp follows Gopuff on to Uber Eats
Uber Eats users across central London will be able to order from Zapp stores on the app
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Encirc acquires Accolade Wines’ UK bottling and warehousing site as part of £30m deal
The deal, which is scheduled to close in January 2023, aims to support the wine producer’s growth strategy in key markets including the UK and Europe
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Cheshire Cheese Co snapped up by Joseph Heler in move to re-start EU exports
The supplier hit the headlines in January 2021 after halting exports to the block due to post-Brexit bureacracy
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Dealmaking activity in F&B slows to a trickle amid inflationary headwinds
M&A activity in food and drink ground to a halt in the third quarter as economic volatility decreased investor appetite in the sector.
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ByRuby launches 30-strong frozen ready meal range into Waitrose
The launch will be supported with the rollout of branded freezers in key stores
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Jus-Rol takeover by Cérélia in doubt as CMA warns of higher prices
An in-depth investigation into the takeover of Jus-Rol by bakery giant Cérélia has concluded the deal could push up prices and lower quality in the home baking category.
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Butlers Farmhouse Cheeses acquires Parlick from Singletons
The acquisition has brought sheep’s milk cheese into the company’s portfolio
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Hyperama sells its remaining two depots to Dhamecha
The sale of the Nottingham and West Bromwich sites follows last month’s agreement to offload its Peterborough depot to London-based wholesaler Holland Bazaar
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The Grocer publisher William Reed acquires events organiser Rethink
Brighton-based Rethink is best known for its World Agri-Tech and Future Food-Tech events held in San Francisco, London, Sao Paulo and Singapore
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Morrisons plans to convert most McColl’s stores to Daily format as takeover completes
Morrisons also confirmed it would permanently close 132 McColl’s stores it said had been loss-making for some time
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Driscoll’s completes Berry Gardens acquisition
Driscoll’s said the acquisition of the UK’s largest supplier of berries would help it to ‘become the world’s berry company’
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City snapshot: Asda completes £438m Co-op forecourts acquisition
Asda has completed the acquisition of 132 forecourts and retail sites from The Co-op to underpin its strategy to enter the convenience retail space
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St Pierre swallowed by world’s biggest baker Grupo Bimbo
The deal is expected to accelerate the already rapid growth of the brioche maker in the US and fuel further international expansion
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Holland Bazaar acquires Hyperama Wholesale’s Peterborough depot
Holland Bazaar said the acquisition was part of a long-term strategy to increase its presence outside London
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Activist investor Third Point pushes Colgate-Palmolive to sell off Hill’s Pet Nutrition
US activist investor Third Point has built an equity position in Colgate-Palmolive to push the US CPG giant to sell off its petcare business
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Selfridges sales recover in 2021 as new owners prepare to ride out cost of living crisis
The company posted a full-year sales increase of 28% to £653.4m, up from £508.5m the year before