M&A – Page 2
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News
David Lepley returns to Asda in chief supply chain officer role as Leighton rebuild continues
Prior to joining Morrisons he spent 11 years at Asda, where he began stacking shelves at its Grantham store before rising to the position of VP online operations
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News
Britvic CEO Simon Litherland stands down as Carlsberg merger completes
Former CMBC boss Paul Davies will head up the new company
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News
EG On The Move to buy Applegreen’s UK petrol filling business
EG On The Move also recently signed a new franchise agreement with the Co-op to supply seven newly built stores.
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News
Promise Gluten Free owner Mayfair strikes deal for Irish brands Pat the Baker and Irish Pride
Ceres Group – the holding company for Mayfair’s consortium of baked goods businesses – agreed to take control of Azeda, the owner of Pat the Baker and Irish Pride just ahead of the Christmas break
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News
Lupa Foods bought by private-equity backed Geia Food
Lupa Foods specialises in supplying Italian products to UK food manufacturers
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News
Compleat Food Group’s revenues near £800m amid inflation recovery
The business has set an ambition to become the UK’s leading chilled prepared food group
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News
Avocado giant Westfalia Fruit snaps up Belgian supplier Syros
Westfalia said the acquisition would enhance its presence in the European avocado product market
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News
Media Bites 18 December: Inflation, Carlsberg-Britvic deal, Post Office inquiry
The Bank of England is widely expected to hold interest rates at 4.75% on Thursday
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News
Carlsberg takeover of Britvic given go-ahead by competition watchdog
The CMA announced in September it was to open an investigation into the deal
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News
Hershey sale ‘unlikely’ as Mondelez approach rebuffed
Analysts have poured cold water on the chances of Mondelez securing a blockbuster takeover of rival chocolate maker Hershey
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News
Kroger’s $25bn takeover of Albertsons collapses over regulatory objections
Kroger’s $25bn North American grocery mega-merger with Albertsons has been called off after Albertsons terminated the merger and vowed to sue its larger contemporary
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News
Media Bites 12 December: Boots sale, Krispy Kreme hack, Post Office scandal
The nationals report on Boots’ potential sale overnight, a cyberattack impacting Krispy Kreme’s online orders and the ongoing Post Office investigation
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News
City snapshot: McWin Capital in talks to buy Gail’s Bakery
McWin Capital is already a backer of the bakery’s parent company and is looking to pre-empt a sale of the business
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Comment & Opinion
Can Mondelez finally persuade Hershey to sell up?
Many are wondering how chocolate giant’s Mondolez latest bid for US counterpart Hershey is different from other recent approaches
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News
Cadbury owner Mondelez in talks over Hershey takeover
Cadbury owner Mondelez International is exploring a potential blockbuster takeover of rival chocolate maker Hershey in a bid to create one of the largest snacking groups in the world
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News
Surya Foods takes major stake in popped seeds brand Karma Bites
World foods player Surya Foods has boosted its global snacking portfolio by acquiring bagged snacks brand Karma Bites
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News
One Rock completes takeover of Burts Snacks owner Europe Snacks
As revealed by The Grocer in July, New York-headquartered One Rock saw off rival bids to win the auction run by investment bank Lazard
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News
SHS Group buys mid-strength alcohol brand Shandy Shack
The deal is SHS Group’s first in drinks since the purchase of Rocks Drinks in 2018
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News
Adnams abandons sale plan in favour of property assets sell-off
It is not clear how much debt the brewer needs to pay down
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News
Vape maker Supreme completes £10.2m rescue of Typhoo Tea
It comes after Typhoo was placed into administration last week