M&A – Page 46
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NewsMoju boasts UK first as VC arm of Danone leads £2.5m investment
It is the first investment in a UK-based business for Danone Manifesto Ventures, which launched in 2016 and backs innovative food and food-tech companies.
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NewsRoger Burnley: running Asda during Covid and takeover like ‘spinning two plates at once’
The Asda CEO announced yesterday he would be standing down next year
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NewsAsda CEO Roger Burnley to step down
He will leave the business next year following its takeover by the Issa brothers and TDR Capital
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NewsThe Cheesecake Shop to rebrand after MBO
The buyout, led by Neil Blakeman and Dillan Shikotra, includes eight retail stores across the region, as well as the bakery in Nottingham.
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Comment & OpinionHow fmcg is using M&A to achieve sustainability objectives
Strategic M&A offers a suitable and agile bridge to achieving sustainability targets, says KPMG’s Nicola Longfield
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NewsMeatless Farm weighs up move into lab-grown meat market
The growth of lab-grown meat was “an inevitable part of the transition away from animal protein”, said Meatless Farm founder Morten Toft Bech
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NewsUlrick & Short snapped up by Swedish investment house Novax
Based in Yorkshire, Ulrick & Short supplies food manufacturers with a wide range of clean label and plant-based ingredients.
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NewsVibrant Foods expands into chilled with acquisition of Everest Dairies
Vibrant was created in 2020 as a platform to consolidate the Asian and free-from markets
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NewsCBD oil brand Dragonfly scales up with factory deal
CBD oil producer Dragonfly Biosciences has taken over full ownership of Premium Extraction Services, which runs a large-scale ethanol extraction facility.
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NewsCity Snapshot: Deliveroo narrows losses ahead of £7bn IPO
Surging demand for takeaways during 2020 has helped Deliveroo narrow losses as transactions on the food delivery app soared, the group said this morning as it prepares for an upcoming £7bn IPO.
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NewsSupermarkets and meat giants expected to jostle for Farmison
Sales at the heritage meat delivery business doubled to more than £12m in 2020 as shoppers flocked online to buy during COVID
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Analysis & FeaturesWill Biffa’s Company Shop buyout cut down on food waste?
Biffa says the deal will help create a circular economy, but there are tensions between commercial and charity redistributors
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NewsSeafood supplier Sco-Fro netted by Japan’s Nishimoto Co
Established in 1975 by founder and chairman Stanley Bernard, Sco-Fro is one the UK’s largest importers of own-label noodles and frozen sushi and surimi.
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NewsFarmison appoints KPMG to explore investment options
The Yorkshire-headquartered meat delivery firm is targeting sales of £100m with ambitious plans to continue disrupting the ind
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NewsMorrisons snaps up Cornish seafood supplier Falfish
The business has a longstanding trading relationship with Morrisons dating back more than 16 years
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News
Jammie Dodgers maker Burton’s Biscuits set to be put on sale
Ontario Teachers’ Pension Plan, which bought Burton’s in 2013, has hired advisors at Stamford Partners to run the process.
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NewsNestlé expands DTC portfolio with acquisition of SimplyCook
The deal follows the takeover of Mindful Chef in November last year as the Swiss food giant moved to increase its exposure to the flourishing direct-to-consumer market
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NewsMedina and Freshways confirm merger talks underway
The milk processors said they were discussing whether a potential merger could create the basis for ‘a viable long-term business’
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NewsBestway completes Costcutter takeover following FCA approval
Bestway COO Naser Khan has been charged with overseeing the Costcutter integration
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Comment & OpinionWhy private equity firms are backing the UK grocery sector
Walmart’s sale of Asda to a consortium backed by TDR Capital is the latest in a series of inroads made by private equity into the UK grocery sector, says Equistone’s Paul Harper