All Mergers and acquisitions articles – Page 50
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News
Somerdale 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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News
FreshDirect 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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News
Young’s & Karro register big sales growth after addition to Eight Fifty Food Group
It was the first time both companies had filed financial results since the creation of the ‘surf and turf’ umbrella group
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Comment & Opinion
What 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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News
Pooch & 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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News
Samworth 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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News
Kettle 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 & Opinion
If 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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News
Bestway 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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News
Bestway 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
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News
Kerry Group mulls €1bn-plus sale of consumer foods business
Kerry Group is considering selling off its consumer foods division, which includes brands such as Richmond sausages and Dairygold, according to reports today
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News
CapVest set to win IPN auction
Capvest has seen off competition from Cranswick as well as fellow private equity players Ontario Teachers and Bridgepoint
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News
Ferrero moves into healthier snacking market with Eat Natural acquisition
Eat Natural will continue to produce at its facility in Halstead, with its entire staff – including management – set to be retained
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News
Asda DC network to be sold and leased back by new owners
TDR Capital and Issa brothers Zuber and Mohsin are lining up advisors Eastdil Secured to handle the process
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News
Cranswick plots return to petfood market with IPN acquisition
Pork and meat supplier Cranswick is mulling a move into the fast-growing premium petfood sector with the potential acquisition of Inspired Pet Nutrition
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News
City snapshot: Ocado completes $262m Kindred Systems robotics acquisition
Ocado has announced it has completed the deal for US piece picking robotics company Kindred Systems.
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News
EG Group grows German estate with €485m acquisition
EG today announced it had entered into a binding agreement to acquire a network of 285 petrol station forecourts in Southern Germany from OMV Deutschland.
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News
City snapshot: Tesco investors set for £5bn payout as Asia sale readies for completion
Tesco, which last week announced it was returning £585m of business rates relief, has this morning confirmed the $10.6bn sale of its businesses in Asia and a special dividend payment of £5bn. Plus, a pre-close trading update from British American Tobacco, and Nestlé Purina PetCare is set to invest $550m to expand its petfood manufacturing facility in Georgia, creating up to 130 jobs.
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News
CMA launches probe into Asda takeover by Issa brothers
The proposed £6.8bn takeover by brothers Mohsin and Zuber Issa was announced in October