M&A – Page 12
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NewsMüller snaps up Biotiful Gut Health in £100m-plus deal
Kefir brand Biotiful Gut Health has been acquired by dairy giant Müller for an undisclosed figure
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NewsCity snapshot: KKR nears €2.5bn deal for Karo Healthcare
A deal would be counter to the downbeat mood following Donald Trump’s decision to place tariffs on almost every country
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NewsArla and German dairy giant DMK announce plans to merge
The merger ’represents a union of shared values and complementary strengths’, the pair said
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NewsDiageo swaps US Cîroc rights for stake in LeBron James’ Lobos 1707 tequila
Diageo will retain the rights to Cîroc in global markets including the UK
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NewsDistressed craft brewers ‘not attractive’ acquisition targets, insolvency firm warns
Many craft breweries in recent years have been sold for valuations far below those given in previous fundraising founds
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NewsEgg giant Eurovo enters the UK with purchase of Two Chicks
Eurovo is one of the largest European egg producers, sold in over 40 countries and with annual sales over €1.25bn
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NewsSierra Tequila owner Stock Spirits buys UK distributor The Drinks Company
The deal will bring UK distribution of Sierra Tequila – the number one tequila in the off-trade – under Stock Spirits’ direct control
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NewsGreencore to buy rival food-to-go firm Bakkavor for £1.2bn
Bakkavor had previously rebuffed two offers from Greencore, including a £1.1bn approach last month.
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NewsOil specialist KTC Edibles bought by Whitworths Food Group
KTC has been owned by private equity firm Endless since May 2022
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NewsUnilever acquires sustainable deodorant brand Wild
The terms of the deal have not been disclosed but it is believed to value Wild at around £230m
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NewsMajestic to accelerate on-trade ambitions with deal to acquire Enotria&Coe
Majestic said it had identified ‘significant potential’ to grow the business alongside its existing B2B arm
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NewsWH Smith to rebrand as TGJones after £76m sale
The deal does not include the WH Smith brand, meaning all stores will rebrand as TGJones after a short transition
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NewsGreencore raises bid for rival Bakkavor, says report
Bakkavor has already rebuffed two offers from Greencore, including a £1.1bn approach earlier this month
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NewsUnilever to sell The Vegetarian Butcher brand to Vivera
Unilever has agreed to sell The Vegetarian Butcher to Vivera for an undisclosed sum
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NewsCity snapshot: Pfizer completes £2.5bn Haleon exit
Pfizer still owns about 7.3% of the company, making it the largest shareholder. GSK sold its remaining stake in May last year
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Comment & OpinionWhat Yeo Valley buying The Collective means for UK yoghurt
Yoghurt giant Yeo Valley bought rival brand The Collective in a surprise move last week – but why did it happen in the first place?
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NewsPepsiCo acquires gut health soda brand Poppi for $2bn
PepsiCo said the brand’s ‘consumer-first approach, cultural cache and nutritional profile’ had ‘nurtured a loyal fanbase and driven rapid growth’
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NewsBakkavor rejects Greencore merger approach to create a £4bn food giant
Shares in Bakkavor have rocketed by 16.6% as the markets digested the news
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NewsDiageo pulls out of Distill Ventures accelerator as part of strategic reshape
Diageo has invested over £245m in more than 35 businesses through the Distill programme
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NewsDeliveroo CEO Will Shu quashes reports he’s stepping down
“I’m not. You’re hearing it from me,” Deliveroo CEO Will Shu told The Grocer