All Mergers and acquisitions articles – Page 62
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NewsLion Capital kicks off sale process for sports nutrition brand Grenade
The sports nutrition player is set for a multimillion-pound bidding war after private equity owner Lion Capital appointed advisors to explore a sale
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Comment & OpinionPilgrim’s Pride move for Tulip shows US has UK meat sector in its sights
US pork producers could now have a much easier route to market for their pork in the UK
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NewsHain Celestial agrees £280m Tilda sale to Spain’s Ebro Foods
US food giant Hain Celestial group has completed the sale of rice brand Tilda to Spanish food processing business Ebro Foods for $342m (£280m) in cash, as reduces its exposure to UK Brexit uncertainty.
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Analysis & FeaturesProperty not pints at the centre of Greene King takeover
Former PM David Cameron famously treated Chinese president Xi Jinping to a pint of Greene King IPA on a state visit back in 2015, but it isn’t a taste for the brewer’s signature beer that has persuaded Hong Kong’s richest man to shell out £2.7bn to buy up the pub group.
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NewsLotus Bakeries launches incubator fund with Peter’s Yard investment
Belgium’s Lotus Bakeries, recent acquirer of snack brands Bear, Nakd and Kiddylicious, has launched an incubator fund and made another investment in the UK healthy snacking sector.
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NewsFulfil Nutrition plots further UK expansion as Hershey buys in
Irish confectionery bar startup Fulfil Nutrition is planning to expand further into the UK market after securing a “significant minority investment” from confectionery giant The Hershey Co.
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NewsGreene King agrees £2.7bn takeover
Pub chain and brewer Greene King has agreed a £2.7bn takeover by a Hong-Kong listed international conglomerate CK Asset Holdings.
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NewsPoundland for sale as Steinhoff eyes €4bn Pepkor spin-off
Troubled South African retail giant Steinhoff is reportedly readying a €4bn sale or float of Poundland owner Pepkor Europe.
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NewsLuxury confectioner Bon Bon’s acquires rival HF Chocolates
The two luxury chocolate businesses will sit within the gifts unit of Bon Bon’s owner Lanchester Wines
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NewsValeo Foods in talks to acquire Kettle’s UK and Irish operations
City sources have confirmed to The Grocer the businesses are close to striking a deal, expected to be worth over £50m
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NewsIlly brings UK coffee distribution in house
Euro Food Brands has managed sales and distribution for over 25 years
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NewsKitwave acquires chilled product wholesaler Central Supplies
The deal marks Kitwave’s first major acquisition since it bought on-trade alcohol wholesaler HB Clark in 2016
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Analysis & FeaturesWill the future be bright for Majestic after Fortress deal?
The sale of Majestic’s retail estate to the US equity firm is a complicated one. So what lies ahead for Majestic and Naked
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NewsDiageo swoops for a majority stake in Seedlip
The deal – completed for an undislosed amount – follows Diageo’s minority investment in Seedlip in 2016
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NewsCity snapshot: Applegreen agrees $38m Connecticut plazas deal
Applegreen has further expanded in the US with the 40% acquisition of 23 highway services plazas in Connecticut for $37.6m. Plus, second quarter net sales rise 1.5% at Ahold Delhaize after a strike hits headline revenues and all the rest of the latest news from the City.
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NewsEG Group acquires US forecourt retail operator Cumberland Farms
Cumberland Farms also has its own food and drink brands under the Cumberland Farmhouse and Cumberland labels
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NewsCranswick eyes non-meat growth with £43.5m Katsouris Brothers deal
British pork giant Cranswick has bolstered its non-meat credentials with the £43.5m acquisition of UK-based Mediterranean food specialist Katsouris Brothers.
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NewsMajestic Wine sold to US investment firm Fortress in £95m deal
Majestic Wine has sold its Majestic-branded retail division and its commercial business to US investor Fortress Investment Group for £95m. Plus, all the rest of the latest news from the City.
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NewsJust Eat agrees £9bn merger with Dutch rival Takeaway.com
Just Eat has agreed to merge with Dutch delivery firm Takeaway.com in an all-share deal to create a £9bn listed fast food delivery giant.
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NewsBrexit fears force down value of food and drink sector deals
Food and drink deal values more than halved in the second quarter as Brexit-related caution continued to stem the flow of larger deals.