M&A – Page 34
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NewsNichols in M&A hunt as it launches review of Covid hit out-of-home channel
Vimto owner Nichols is eyeing M&A targets to strengthen its portfolio of drinks as the group rethinks the out-of-home channel in the wake of the pandemic, bosses have told The Grocer
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NewsReal Drinks buys distributor Beer Britannia for undisclosed sum
The acquisition would “complement the core product expertise” of Real Drinks
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NewsPoundland to offer home delivery nationwide after buying its founder’s online business
Poundland plans to integrate Poundshop.com with its own online service, Shop.Poundland.co.uk
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NewsScottish Seafood player Dawnfresh falls into administration
Dawnfresh, one of the UK’s largest fish and seafood producers and processors, has collapsed after struggling with rising costs, resulting in 200 jobs being lost
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NewsHealthspan snapped up by Norwegian conglomerate Orkla
Founded in 1996 by Derek Coates, Healthspan has built a brand with a broad range of products across the VMS, sports nutrition, pet health and skincare markets.
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NewsHilton Foods claims stake in Dragons’ Den-backed sausage company
Hilton Foods Solutions has purchased a 25% shareholding of Alf Turner Sausage Company for better access to the DTC channel
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NewsKraft Heinz launches global plant-based joint venture
Kraft Heinz has created a new joint venture with food tech startup TheNotCompany to develop plant-based products
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NewsJTF management dismissed months after takeover by Poundstretcher owners
The managers were let go at the end of January, five months into a probation period that began following the takeover
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NewsGSK names health arm as Haleon ahead of spin-off
GlaxoSmithKline has announced it is on target to demerge its consumer healthcare arm, which will be called Haleon
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NewsRefresco snapped up by global PE firm KKR
Current owners PAI Partners and British Columbia Investment Management Corporation will retain a significant minority holding in the group
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NewsLivia’s rescued from administration after Covid struggles
Free-from snack brand Livia’s has been bought out of administration by investment firm S-Ventures after struggling to stay afloat throughout the pandemic.
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NewsKTC hires advisors to explore possible sale
Family-owned oils and canned produce specialist KTC Edibles is understood to have hired advisors to explore a possible sale of the business
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NewsDr. Schär moves into bread with acquisition of GDR Food Technology
The deal gives Dr. Schär its first UK production plant and represents its first step in the fresh bread sector in the country, where it is already one of leading gluten-free brands.
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NewsJV formed to create new alt milk maker Plant Food Bases
The business is a partnership between grain trader Robin Appel and drinks processor and packer Framptons
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NewsBooze-free spirits brand Lyre’s brings in investment banker to ramp up growth
Non-alcoholic spirits giant Lyre has brought in an investment banking specialist to lead fundraising efforts and target M&A opportunities to boost its global growth
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NewsCity snapshot: Kerry Group agrees €137m deal for German biotech firm
Kerry Group has agreed a €137m deal to by German biotechnology company c-Lecta as it builds its presence in the food and nutrition technology space
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NewsPaleo Ridge secures investment of £2m to back expansion plans
Raw dogfood specialist Paleo Ridge has secured a £2m investment from PE player Ashridge Capital to boost its rapid expansion plans
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NewsUpfield secures strategic partnership with plant-based egg alternative Oggs
The deal will see Upfield take a stake in Oggs’ British owner Alternative Foods
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NewsLittle Moons deal to value TikTok sensation at more than £100m
Investment bank Houlihan Lokey is running the process for the business, with a deal expected to close within the next four weeks. At least five PE houses are involved in the second round of the auction.
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NewsSpayne Lindsay forms partnership with US investment bank Sage Group
The pair will remain separately run and owned, but will work in a new partnership to create a ‘consumer advisory powerhouse’