M&A – Page 8
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NewsBelgian dessert makers merge to become Mellow
Two Belgian dessert manufacturers have merged in a bid to become a leading player in the global desserts market
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NewsM&A activity makes a comeback as Carlsberg and Newlat lead surge of deals
Deal volumes in Q2 grew 32% year on year, with 49 transactions completed
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NewsMondelez takes minority stake in non-HFSS doughnut brand Urban Legend
The tie-up will help Urban Legend accelerate its growth
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NewsCapVest-owned Natra acquires Belgian luxury chocolatier Gudrun
CapVest-owned chocolate maker Natra has swooped to acquire Belgian luxury chocolatier Gudrun to create a global confectionery platform
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NewsCity snapshot: Applied Nutrition fires starting gun on London IPO
Sports supplements group Applied Nutrition has revealed plans to float on the London Stock Exchange in an IPO that is expected to value the Liverpool-based company at £500m. Plus, pre-tax losses at Gusbourne have widened in the first half as saled came in below expectations
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NewsRheal hires advisors as it explores sale and expansion options
Rheal has hired M&A advisors to explore a sale of the rapidly growing superfoods brand as it looks to expand the business further into the grocery channel and international markets
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NewsDiageo strikes deal for US non-alcoholic spirits market leader Ritual
Diageo took a minority stake in Ritual via its Distill Ventures incubator in 2020
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NewsDanone doubles down in kefir with $280m offer for Lifeway Foods
The offer follows the French multinational’s expansion into the kefir market in the UK
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NewsKitwave Group acquires Creed Foodservice for £60m
The family-owned wholesaler will join Kitwave’s foodservice division
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Analysis & FeaturesWhy is Unilever selling its ice cream business?
Unilever wants to spin off its £7bn-sales global ice cream business. Why? Who wants to buy it? And will it work?
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NewsWilton London brand rescued from liquidation by Boomerang Media
Wilton’s staff were notified the business had called in liquidators via email last month
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NewsThe Famous Grouse set to change hands as Edrington agrees sale to William Grant & Sons
The UK’s largest scotch whisky is on the move
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NewsAgroberries acquires BerryWorld to become second largest berry company
The combined company will commercialise approximately 150,000 tonnes of blueberries, strawberries, raspberries and blackberries per year
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NewsHero Group outlines big expansion plans for Deliciously Ella
Hero CEO Rob Versloot told The Grocer he had also identified significant headroom to grow distribution in the UK in Tesco and Sainsbury’s, where the brand already has a presence, and in Asda, where listings are more limited
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NewsCMA to probe Arla Foods Ingredients deal for Volac whey business
Arla’s ingredients division is hoping to transform the site into a global production hub
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NewsStuart Rose-led team to replace Mohsin Issa at helm of Asda
Rose, the former Marks & Spencer boss who became Asda chairman in 2021, will run Asda alongside Rob Hattrell, a partner at joint owner TDR Capital
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NewsCampari buys stake in Bunnahabhain whisky brand owner CVH Spirits
CVH Spirits also owns scotch whisky brands Tobermory, Deanston and Black Bottle
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NewsDeliciously Ella to supercharge growth as Hero Group acquires plant-based food brand
Founders Ella Mills and husband Matthew, who is CEO at the healthy snacking brand, will remain with the company under the new owners to lead the next stage of growth
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NewsMash Gang acquired by alcohol-free beverage group DioniLife
Mash Gang’s beers include Chug IPA and Stoop lager
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NewsCity snapshot: General Mills offloads North American yoghurt operations to Lactalis and Sodiaal
General Mills has agreed to sell its North American yoghurt business to French dairies Lactalis and Sodiaal for $2.1bn (£1.6bn). Plus, agricultural supplies group Wynnstay appoints new CEO