M&A – Page 30
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NewsEG Group sells 63 US convenience stores to pay down debt
EG Group has agreed to sell 63 convenience stores to US convenience operator Casey’s to reduce its debt pile
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NewsCheese exporter Somerdale acquired by Barber’s Group
The agreement will see the cheese exporter become an subsidiary of Barber’s Group to “maintain its position as a leading exporter”
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NewsFood and drink M&A boosted by distressed deals and sunnier economic outlook
The quarterly food and drink M&A report from Grant Thornton found UK industry deal volumes rose for the third consecutive quarter in the three months to the end of June
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NewsWhitby Seafoods acquisition of Kilhorne Bay under CMA scrutiny
The scampi company planned to acquire Northern Ireland-based Kilhorne Bay
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NewsSerious Sweets acquires free-from confectionery brand Lexi’s
The acquisitive confectionery group has added a healthier brand to its portfolio with the takeover of mallow and protein bar brand Lexi’s
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Analysis & FeaturesIs Britvic on to a winner in iced coffee with Jimmy’s?
Britvic has snapped up the ‘fastest-growing brand in RTD coffee’
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NewsABP acquisition of Scotbeef meat plants to face CMA probe
The Irish red meat giant announced the aquisition in mid-June
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NewsKerry Group acquires Shanghai Greatang Orchard Food Co
Kerry Group has announced the acquisition of 100% of China-based foodservice player Shanghai Greatang Orchard Food Co
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NewsGrocery wholesaler Ozmen joins Sugro buying group
It follows the buying group’s decision to encourage members to diversify their offering, counteracting an increasingly saturated confectionery market
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NewsJDM Food Group to create international ‘flavour powerhouse’ in Henry Broch Foods merger
UK garlic and ginger specialist JDM Food Group has agreed a merger with US spice processor Henry Broch Foods to create an international ingredients group with combined revenues of close to £100m and more than 750 employees
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NewsFreshcut Foods snapped up by Flywheel Partners as Perwyn exits
Investment firm Flywheel Partners acquired a majority stake to provide former PE owner Perwyn with an exit
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NewsCity snapshot: THG sells unwanted OnDemand and ProBikeKit assets
THG has offloaded its unwanted OnDemand business to the division’s management team as part of a strategic review to “simplify and streamline” operations. Plus, UK retail sales beat expectations in June but consumer confidence fell July as household resilience “collapsed”.
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NewsCake Box rejects takeover offer from The Cheesecake Shop owner
Fresh cream cakes retailer Cake Box has rejected a 160p a share offer from an Australian asset management firm as “materially undervaluing” the company
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NewsEversfield Organic swoops for Coombe Farm Organic to boost online meat offering
Organic grocery retailer Eversfield Organic has acquired Coombe Farm Organic in a move that will double the group’s online butchery business
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NewsMoma 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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NewsPooch & 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 & OpinionCould 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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NewsBidfood 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 & FeaturesWhy 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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NewsFoodhak 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