M&A – Page 24
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NewsDS Smith agrees £5.8bn US takeover from International Paper
DS Smith has agreed terms on a £5.8bn all-share takeover from US rival International Paper, which has seemingly won the bidding war with British rival Mondi
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NewsCity snapshot: Glanbia acquires ingredients firm Flavor Producers in $355m deal
Irish nutrition group Glanbia has acquired US ingredients business Flavor Producers in a deal worth up to $355m (£284.7m). Plus, tonic maker East Imperial suspends shares ahead of collapse
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NewsPoundstretcher sold to Fortress Investment Group
It follows the retirement of outgoing Poundstretcher owner Aziz Tayub and will see Andy Atkinson, former group commercial director at Morrisons, join Poundstretcher as CEO
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NewsMcCain completes Strong Roots acquisition, targeting global growth
McCain acquired a minority stake in the Dublin-based business in 2021
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NewsBako expands into Northern Ireland with acquisition of Finlay’s Food
Founded in 1976 and based in Craigavon, Finlay’s manufactures and supplies ingredients to the bakery and general food industry
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NewsArtemis Tenacious Group created to drive investment in legal cannabis
Global cannabis industry investment firm Artemis Growth Partners and cannabis consumer products group Tenacious Labs have created a partnership to drive investment in global cannabis market
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InterviewsVegan Food Group’s founders on building ‘the vegan Unilever’
VFG has come a long way since serving up vegan fried chicken from a York restaurant. It’s now on the acquisition trail and fighting the UPF narrative
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NewsMajestic completes acquisition of Vagabond Wines
The deal would protect the jobs of 171 employees at Vagabond, Majestic said.
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NewsTofoo Co weighing up strategic options as sales boom
Investment bankers at Piper Sandler are in the early stages of a process to weigh up interest in the fast-growing tofu brand, according to City sources
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NewsPosh food delivery brand Supper London ends operations
Supper London had set itself apart from other food delivery companies by only working with the capital’s top restaurants and delivering orders on canopied bikes
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NewsNyetimber tables £46m offer for The Lakes Distillery
The Lakes’ directors recommended its shareholders approve the deal
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NewsAdnams ‘considers options’ as it downplays talk of outright sale
The brewer said it would prefer an injection of third-party capital or to sell some of its freehold pubs
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NewsCity snapshot: Kitwave Group acquires Total Foodservice Solutions for £21m
Listed wholesale group Kitwave has announced the acquisition of north of England independent food wholesaler Total Foodservice Solutions for £21m
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NewsEebria deal offering ‘full repayment to all creditors’ collapsed in December
A subsequent pre-pack sale saw Beer52 pay just £30,000 to acquire the business
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NewsCity snapshot: DS Smith confirms new talks over £5.7bn counter offer with New York rival
A multibillion-pound bidding war is underway for cardboard packaging manufacturing DS Smith as the London-listed firm confirmed it had received a counter proposal from a US rival. Plus, the Artisanal Spirits Company publishes full-year results for 2023
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NewsVillage Bakery set to command £160m price tag as PE owner explores exit
Village Bakery is seeking new owners, with its private equity backer having tasked bankers with running an auction for the premium private-label bread maker
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NewsModern Milkman expands into US with acquisition of namesake milk round business
Online grocery delivery service Modern Milkman has acquired its US namesake as part of an ambitious expansion to take its sustainability mission overseas
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NewsAccrol subject of £130m takeover bid as Navigator sets sights on UK toilet tissue
Portugal’s Navigator, a paper and pulp group listed on the Lisbon Stock Exchange, offered 38p a share to buy the Blackburn-headquartered business that counts all the UK’s major supermarkets and discounters as customers
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Comment & OpinionAfter Unilever ice cream sale, what future for food and nutrition?
First it was frozen. Then spreads and tea. Now it’s ice cream. What’s next for Unilever’s food and nutrition division?
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Analysis & FeaturesOut of the ashes: Why pre-pack deals have left drinks suppliers raging
A spate of pre-pack administration deals have left hordes of suppliers out of pocket. How ethical is this so-called ‘phoenix-ing’?