All Mergers and acquisitions articles – Page 38
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NewsHeather Mills sells 25% stake in VBites to Intersnack owner Pfeifer & Langen
The €3bn-plus turnover conglomerate plans to use its might to accelerate growth of the plant-based cheeses and fish-free products part of Mills’ group
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NewsBrothers Drinks brings Babycham back under control of Showering family
Cider producer Brothers Drinks has acquired iconic sparkling perry brand Babycham from current owner Accolade Wines for an undisclosed sum.
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Comment & OpinionWith AG Barr’s backing, Moma will be a force to be reckoned with in alt milk
With a new British owner, Moma can continue to play the part of a domestic champion fighting multinational conglomerates
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NewsInspired Pet Nutrition acquires Pet Food UK as it kicks off buy-and-build strategy
Inspired Pet Nutrition has snapped up Barking Heads dog food maker Pet Food UK as part of a buy-and-build strategy to create a player of significant scale in the category.
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NewsCity Snapshot: Irn-Bru owner AG Barr acquires 60% stake in Moma to enter plant-based milk market
AG Barr has taken an initial 60% equity stake in Moma Foods, with a path to full ownership agreed over the next three years as part of the deal. Plus, Unite threatens strike action at Tesco warehouses ahead of Christmas and Just Eat Takeaway hit by broker downgrade.
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NewsCompleat Food Group swoops for Wrights Food Group in first chilled acquisition
The Compleat Food Group has acquired pie maker Wrights Food Group in its first deal since PE house PAI Partners brought Addo Food Group and Winterbotham Darby together
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NewsO’Brien Fine Foods eyes UK expansion with Bearfields of London acquisition
Bearfields supplies cooked and raw ham to customers, including Lidl and Costco, as well as pub and café groups, catering businesses and independent retailers
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NewsSeedrs snapped up by US fintech firm Republic in $100m deal
Republic said it expected the deal with Seedrs to lead to new innovations and products for European investors and private businesses
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Comment & OpinionBooming plant-based brands should heed the category’s US slowdown
Product overload and health concerns have slowed growth of the meat-free market in the US
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Analysis & FeaturesWhat will CVC do with Ekaterra, Unilever’s tea business?
Unilever has offloaded the brands to CVC Capital Partners in a €4.5bn sale
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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.