M&A – Page 119
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NewsAB InBev agrees Chinese sale of SABMiller Snow Breweries joint venture
AB InBev has agreed to sell SABMiller’s stake in Chinese joint venture Snow Breweries for $1.6bn (£1.1bn) as it seeks to conclude the ‘megabrew’ merger
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NewsKitwave Wholesale completes major new refinancing deal
Kitwave Wholesale Group supplies independent c-stores from 15 depots across the UK
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NewsFood ingredients firms Silbury and Portal Foods agree £45m merger
Food ingredients distributor Silbury has agreed to merge with pizza ingredients supplier Portal Foods to create a new £45m company.
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NewsMalton Foods acquires Simpsons pudding business
Malton Foods has snapped up the ambient pots, pouches and canned pudding business from troubled Simpsons Foods.
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NewsBrakes takeover by Sysco will boost its credit quality, says Moody’s
Ratings agency Moody’s has welcomed Sysco’s $3.1bn deal to buy Brakes and put the latter’s rating on review for upgrade because of the debt paid down as part of the deal.
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NewsBrakes to be engine for Sysco Euro drive after $3.1bn buyout
Brakes will continue to operate as a standalone outfit within Sysco, led by CEO Ken McMeikan
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NewsRefresco Gerber buys German Pepsi bottling plant
Refresco Gerber reported a 3.2% increase in adjusted EBITDA in the third quarter of last year to €61.6m
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Analysis & FeaturesSteinhoff's Argos bid leaves Sainsbury's in a tricky spot
Sainsbury’s is in a tricky spot after its bid for Argos was comprehensively gazumped by South African retailer Steinhoff
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Comment & OpinionTesco to buy Morrisons? It doesn't need to
Dave Lewis and Tesco don’t need Morrisons even if they can have them (which they probably can’t)
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NewsPropercorn on course to get its first taste of outside investment
Fast-growing popcorn brand Propercorn is close to securing its first injection of external cash since launching four years ago.
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NewsKraft Heinz in pole position to take back Philadelphia
Kraft Heinz is in pole position to take back full control of Philadelphia as Mondelez readies a $3bn (£2.1bn) sale of its grocery and cheese division.
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NewsBurton’s Biscuits in talks to buy 2 Sister’s-owned Fox’s
Sources stressed to The Grocer that the talks remained at a preliminary stage
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NewsMedia Bites 18 Feb: Morrisons takeover rumours, Asda, Nomad
A £6.4bn offer for Morrisons from Tesco or private equity company Permira “could not be far away” according to the Daily Mail.
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Analysis & FeaturesPortfolio optimisation will continue to drive M&A in 2016
Consumer products and retail bosses expect the wave of global M&A to continue in 2016 as portfolio optimisation will continue to drive strategic sales from big corporates.
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NewsAsahi in deal to buy Peroni, Grolsch and Meantime from AB InBev
Asahi has signalled its global ambitions after striking a deal with AB InBev to acquire Peroni, Grolsch and Meantime
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NewsFresh to Store picks up Stocked chilled distribution business
Kerryfresh and Stocked will continue to operate separately
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NewsAsahi strikes £2bn deal for Peroni, Grolsch and Meantime
Japanese brewer Asahi has agreed a deal with AB InBev to acquire Peroni, Grolsch and Meantime for €2.55bn.
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NewsReal Good Food bulks up Haydens Bakery with Chantilly Patisserie deal
Real Good Food has acquired a hand-made frozen desserts maker for £1.75m to expand its Haydens Bakery subsidiary into the growing foodservice sector.
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NewsArgos deal set to make Sainsbury's top UK non-food retailer
Sainsbury’s game-changing £1.3bn takeover of Argos would catapult the supermarket to become the largest non-food retailer