M&A – Page 48
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NewsInflation and supply chain chaos slowing M&A activity
The uncertainty around ongoing pricing negotiations with retailers, availability of labour and difficulties sourcing packaging have led to buyers becoming more cautious
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NewsGeneral Mills sells European dough business and Jus-Rol brand to Cérélia
General Mills has continued to streamline its portfolio of food assets with an agreement to sell its European dough businesses, which includes the Jus-Rol brand.
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NewsSun Valley Nut Co sold to German confectionery group Zertus
German food group Zertus has acquired The Sun Valley Nut Company as part of its push into healthier snacking in the UK
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NewsRapid delivery service Getir to acquire rival Weezy
The Grocer last week reported Weezy had shuttered a quarter of its dark stores,
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NewsCity Snapshot: Marks & Spencer shares soar on private equity takeover rumours
Rumours have begun to swirl around Marks & Spencer, with speculation emerging over a potential offer from a US private equity firm, the departure of CEO Steve Rowe and the long-term future of the joint venture with Ocado.
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NewsWeezy shuts five dark stores to stem losses as sales fall
Five of Weezy’s 22 dark stores in the UK have ceased operations, while two distribution hubs have been consolidated into a single site
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NewsUnilever offloads global tea business to CVC in €4.5bn deal
The European private equity firm saw off competition from rival investment houses Advent and Carlyle in an auction that concluded yesterday afternoon. Unite called for urgent talks with Unilver about the sale.
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NewsUFit seeking funding for expansion plans
The process is still in its early stages, with advisors at Stamford Partners having sent out a teaser document to a range of potential buyers and investors
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NewsJBS to build lab-grown meat research centre after buying Spanish startup
The Brazilian meat giant is spending $100m on the venture, with the aim of products hitting the market by 2024
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NewsCity Snapshot: Unilever sells global tea business to CVC Capital Partners for €4.5bn
Unilever’s tea business, Ekaterra, is home to a portfolio of 34 brands, including PG Tips, Lipton and Pukka.
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NewsPilgrim’s UK snaps up lamb processor Randall Parker Foods
The pork giant said the acquisition would allow it to bring its exisitng lamb business together as one vertically integrated operation
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NewsHeineken to move into wine and spirits with €4bn southern African play
The Dutch brewer has unveiled plans to form a €4bn African drinks giant with the takeover of Distell and Namibia Breweries
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NewsNomadic Dairy acquired by Irish investors in €29m deal
BiaVest will hold 54% of the County Donegal-based producer, while Development Capital have taken the remaining share.
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NewsGlanbia exits milk category to focus on core business
Glanbia is set to exit the dairy sector to focus on growing its core ingredients and nutrition divisions after agreeing a deal to sell its 40% stake in Ireland’s biggest milk processor.
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NewsFodaBox attracts multimillion-pound PE investment
Logistical services provider FodaBox has secured £2.1m in private equity backing to help expand the business.
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NewsCMA launches investigation into Ranjit Boparan’s acquisition of Banham Poultry
The founder of 2 Sisters Food Group struck an agreement to acquire the Norfolk-based chicken processor through his private family office last month
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NewsEG Group expands US empire with Sprint acquisition
The deal – for a reported $300m – pushes the Blackburn-headquartered group into two new states taking its presence in the US to more than 1,750 sites across 33 states.
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NewsFix8 kombucha rescued from liquidation by sale to Global Tea
The two businesses were a “natural alignment”, said Fix8 founder Freya Twigden
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NewsCoca-Cola agrees $5.6bn takeover of sports drinks brand BodyArmor
Coca-Cola has taken full control of sports drinks group Body Armor for $5.6bn (£4.1bn) after identifying further “significant potential” for long-term growth.
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NewsCity Snapshot: Coca-Cola lines up full BodyArmor takeover
Coca-Cola is set to take full control of US sports drink company BodyArmor for $5.6bn.