M&A – Page 10
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News
Moma Foods founder steps back following AG Barr acquisition
In a recent LinkedIn post, Moma Foods founder Tom Mercer wrote: ‘the time has come for me to pass the baton’
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News
Pooch & Mutt snapped up by production partner Vafo
Petfood brand Pooch & Mutt has been taken over by long-term production partner and backer Vafo in ‘a multimillion-pound deal’
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Comment and Opinion
Could Ocado finally unlock Amazon’s grocery ambitions?
Amazon has been trying to expand its grocery arm for some time, says Julian Skelly, senior VP, retail at Publicis Sapient
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News
Bidfood CEO Andrew Selley hits back at Caterfood Buying Group critics
Bidfood is also looking to grow its depot network, with two further openings planned for Bedford and Worcester over the course of the next year
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Analysis and Features
Why would Amazon want to buy Ocado?
Continued losses dog the group, but Ocado could make a valuable prospect for a big player seeking automation and online grocery dominance
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News
Foodhak acquires The Pure Package and Balance Box from liquidation to expand offering
Ayurvedic ready meal business Foodhak has acquired healthy meal delivery business The Pure Package and sister company Balance Box out of liquidation
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News
Carlsberg agrees to sell Russia’s biggest brewer Baltika
The Danish brewer has not disclosed who the buyer is or any financial details on the sale ‘to ensure that the approval processes go as smoothly as possible’
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News
VFC confirms rescue of Meatless Farm
The Meatless Farm brand in the UK will be retained to complement and diversify VFC’s range of frozen plant-based chicken products
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Comment and Opinion
Are Coca-Cola’s alcohol acquisitions a brand stretch too far?
Coca-Cola HBC’s acquisition of Finlandia is a further sign of Coca-Cola’s long-term goal to be a ‘total beverage company’
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News
Coca-Cola HBC expands spirits offering with $220m Finlandia vodka acquisition
Hellenic Coke bottler Coca-Cola HBC has acquired the Finlandia vodka brand from a subsidiary of Brown-Forman, the US owner of Jack Daniel’s, for $220m. Plus, management board changes announced at British American Tobacco.
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News
Indian coffee player plots UK retail push after acquisition
India’s largest instant coffee manufacturer is planning a push into the UK retail space after buying a collection of brands from Löfbergs Group
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News
Asda sale & leaseback deals stretch to 50 years or more
The supermarket has embarked on store sale & leaseback projects to raise £1.1bn
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News
ABP buys two Scotbeef meat plants after supplier loses Aldi contract
Irish red meat giant ABP will complete a deal for Scotbeef’s Bridge of Allan abattoir and Queenslie meat packing plant by the end of July
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News
City snapshot: Unilever buys US premium yoghurt brand Yasso
Unilever has announced it has agreed to buy US-based premium frozen Greek yoghurt brand Yasso
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News
Yo Sushi owner Snowfox Group sold for £495m to Japan’s Zensho
The Snowfox Group has been transformed from a small UK-based restaurant chain to an omnichannel, multinational sushi operation
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News
Pernod Ricard buys Canadian RTD player ABG for £100m
French spirits group Pernod Ricard has acquired a 90% stake in Canada’s largest ready-to-drink sector player at an enterprise value of CAD165m (£99m).
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News
Princes owner holds out for higher price
The Japanese owner of Princes is determined to press ahead with a sale of the brand this year despite initial bids falling short of expectations
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News
City snapshot: Nestlé to invest in sustainable start-ups in Latin America via VC partnership
Nestlé has announced a partnership with specialist agri-food venture capital fund The Yield Lab Latam, to invest in sustainable food production start-ups in the region
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News
Food and drink M&A shows signs of recovery in 2023
UK food and drink mergers and acquisition volumes have bounced back to their highest level in six years, partly driven by buyers snapping up distressed assets
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News
ABF buys UK milk records firm for £48m
Associated British Foods has announced it will bolt on National Milk Records to its AB Agri arm after agreeing a £48m deal to acquire the UK company. Plus, monthly retail updates from BRC-KPMG and Barclays, and trading updates from Poundland owner PepCo and BAT