M&A – Page 97
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NewsCity snapshot: Carlyle Cardinal Ireland readies Lily O’Brien’s sale
Irish chocolate firm Lily O’Brien’s has been put up for sale by its owner Carlyle Cardinal Ireland. Plus, consumer confidence falls back to post-Brexit lows, what happened on the market’s ‘Super Thursday’ and all the rest of the latest news from the City.
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NewsIrish chocolatier Lily O'Brien's put up for sale
Irish chocolatier Lily O’Brien’s has been put up for sale by its private equity owner with a price tag of €50m (£45m)…
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NewsAsda/B&M: the latest plot twist in the battle for convenience
Momentous decision this year could transform wholesale and convenience beyond recognition
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NewsBritish American Tobacco ties up $49.4bn Reynolds deal
British American Tobacco has completed the acquisition of Reynolds American in a “transformational” deal as part of its long-term growth strategy.
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NewsRefresco swallows Cott bottling business for £1bn
The deal will create the world’s largest independent bottler for retailers and brands in Europe and North America with a combined production volume of approximately 12 billion litres, Refresco said.
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NewsPromise Gluten Free bought by Mayfair Equity Partners
Free-from Irish bakery supplier Promise Gluten Free has sold a majority stake to private equity player Mayfair Equity Partners.
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NewsCampari sells Carolans and Irish Mist for £126m
Italian spirits group Gruppo Campari has off-loaded its Carolans and Irish Mist brands to US firm Heaven Hill Brands for $165m (£126.7m).
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NewsCMA vows to investigate Tesco-Booker impact on P&H
The CMA has received complaints from a number of third parties about the potentially crushing impact…
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NewsKP debuts in popcorn with vow to restore growth to Butterkist
KP Snacks CEO Mark Thorpe is confident of reigniting strong growth at Butterkist
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NewsUnilever spreads & Dairy Crest combo 'attractive to PE'
Could a private equity-led merger of the Unilever spreads business and Dairy Crest be on the cards later this year?…
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NewsHefty McCormick deal for Schwartz stuns analysts
Schwartz herbs and spices manufacturer McCormick swooped to buy the Reckitt Benckiser food division for a “staggering” $4….
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NewsGlaxoSmithKline announces plans to sell Horlicks in UK
GSK said it would also sell its MaxiNutrition division, which manufactures the Maximuscle brand
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Comment & OpinionThe merits of cooperation
Competition in the grocery trade is notoriously fierce, and rightly so
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NewsBristows and Tuckers bonbon maker fails again with 52 redundancies
The future of the Bristows and Tuckers confectionery brands hang in the balance after a failed turnaround bid sent the business under for the second time in less than a year
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NewsStock Spirits acquires £16m stake in Quintessential Brands Irish whiskey division
London-listed Stock Spirits Group has struck a deal to acquire a 25% stake in the Irish whiskey division of Quintessential Brands Group for up to up to €18.3m (£16m) in cash.
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NewsUnilever acquisition of Reckitt Benckiser food brands would be a strategic misstep - analysts
A £2bn-plus Unilever approach for the food business of Reckitt Benckiser, made up of French’s Mustard and Frank’s Red Hot Sauce, would be ‘surprising’, ‘disappointing’ and strategically inconsistent, according to City analysts.
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NewsKP Snacks acquires Butterkist to break into popcorn market
Butterkist’s manufacturing site in West Yorkshire and its 140 employees will become part of the KP Snacks business following the acquisition.
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NewsKennelpak picked up by PE firm Endless' Enact fund
Kennelpak is headquartered in Nottingham, where it employees 275 staff, and generated sales of more than £23m in the year ended 31 March 2017.
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NewsNisa members 'wait and see' over Sainsbury's takeover
Exclusive new research for The Grocer reveals more Nisa retailers are in favour of a deal than against it, but still all to play for
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NewsChivas Brothers sells Glenallachie distillery and brands
Pernod Ricard said the disposal was “in line with its strategy to focus on its priority spirits and wine brands”