M&A – Page 48
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NewsPepsiCo creates plant-based joint venture with beyond Meat
PepsiCo has teamed with Beyond Meat to take advantage of the booming meat alternatives market and develop a host of new plant-based snacks and drinks.
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NewsDhamecha Cash & Carry buys Leyton depot from TRS
The site in East London is set to become Dhamecha’s 10th cash & carry
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NewsProper joins forces with Eat Real in new Exponent healthier snacking play
A new company to combine Proper with its Eat Real brand will be created by Exponent under a new joint CEO
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NewsF&B deals sink to 11-year low as coronavirus pandemic hits industry
Despite encouraging signs of recovery in the final months of the year, M&A volumes slumped 40% to 58 transactions in 2020, the report by corporate finance house Oghma Partners showed.
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NewsAscona Group takes estate to 50 with latest acquisition
The forecourt operator completed the purchase of the BP branded Anker Service Station in Nuneaton today
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NewsHain Celestial sells Orchard House juice business to private equity firm Elaghmore
Hain Celestial has sold its Orchard House own label juice business to private equity firm Elaghmore as it continues to simplify its European portfolio.
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Comment & OpinionTesco M&A might sound like a wild prediction, but supermarkets are in play for all sorts
If anyone had predicted last January that Tesco would grow at double Aldi’s rate in 2020 you would have laughed
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NewsBarilla snaps up DTC Pasta Evangelists
Italian food giant Barilla has snapped up direct-to-consumer business Pasta Evangelists to tap into booming e-commerce demand in the UK during the coronavirus pandemic.
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NewsValeo Foods adds to snacking empire with Schluckwerder acquisition
Valeo Foods has bolstered its confectionery business with the acquisition of German marzipan and chocolate producer Schluckwerder
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NewsNomad Foods confirms talks with Fortenova Group to buy frozen foods business
Birds Eye owner Nomad Foods is looking to extend the reach of its frozen empire in Europe after entering exclusive talks with Fortenova Group to buy the Croatian company’s frozen foods brands.
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NewsSomerdale snaps up Abergavenny Fine Foods’ blended cheese business
The deal would allow Somerdale to boost its international portfolio, the exporter said
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NewsFreshDirect completes sale to Ahold Delhaize and Centerbridge Partners
US online fresh food grocer FreshDirect has announced that it closed its sale to global grocery giant Ahold Delhaize and investment firm Centerbridge Partners.
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Comment & OpinionWhat you may have missed part II: Grocery’s city news over Christmas
In a sign of these strange times, the Christmas ‘break’ has been quite a hive of activity
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News
Nomad Foods completes Findus unification with €110m Switzerland deal
Birds Eye owner Nomad Foods has completed the €110m (£99.5m) deal to add Findus Switzerland to its growing frozen empire.
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NewsPooch & Mutt sells minority stake to Czech petfood producer VAFO
The fast-growing pet treats brand has sold a minority stake to Czech premium petfood player VAFO in a ’multimillion-pound’ transaction
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NewsSamworth Bros boosts Higgidy stake to become majority shareholder
Higgidy will remain a separate business with a separate leadership team and its own manufacturing facilities
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NewsKettle owner Valeo Foods snaps up tortilla chip producer It’s All Good
The supplier will join Valeo’s snacking division alongside the likes of Kettle
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Comment & OpinionIf it’s not a supply deal, what is Bestway getting from its Costcutter purchase?
Bestway has confirmed the Co-op supply arrangement will remain in place until 2026. In the meantime, the wholesaler will reap other benefits
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NewsBestway extends Co-op supply deal for Costcutter until 2026
Bestway confirmed on Friday it was buying the symbol group from Bibby Line Group for an undisclosed fee
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NewsBestway snaps up Costcutter for undisclosed fee
Once the deal is cleared, Bestway will operate a symbol, franchise and company store estate of more than 3,795 UK stores