All Mergers and acquisitions articles – Page 62
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NewsNestlé buys Mindful Chef to bulk up direct-to-consumer portfolio
Nestlé has acquired a majority stake in recipe kit business for an undisclosed sum to beef up its direct-to-consumer offering in the UK
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NewsCity snapshot: MPM snapped up by 3i Group in £125m deal
Premium pet food manufacturer MPM has been sold by ECI Partners to private equity investor 3i Group as the flurry of deals in the petcare space continues. Plus, Nestlé has acquired a majority stake in recipe kit business Mindful Chef for an undisclosed sum. And the FTSE 100 rallies after news of a victory for President-Elect Joe Biden.
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NewsCity Snapshot: Hovis sold to PE firm Endless
Bakery brand Hovis has been acquired by private equity firm Endless for an undisclosed sum, the company has announced this morning.
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NewsPE player Endless tipped to seal £100m Hovis deal as Italian suitor steps away
Private equity player Endless is reported to be close to sealing a £100m buyout of Hovis after Italian trade suitor Newlat pulled out of negotiations.
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NewsNew England Seafood snapped up by major US corporation Sealaska
The key fish supplier will continue to operate as a separate business under the New England name
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NewsNestlé acquires $950m US meal delivery business Freshly
The world’s biggest food group Nestlé has bolstered its DTC credentials with the $950m acquisition of US meal delivery service Freshly
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NewsOcado’s robotic acquisitions will save £7m in labour costs per CFC
Figure based on costs associated with picking, packing and decanting
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NewsCarlsberg Marston’s Brewing Company appoints Paul Davies as CEO
Leadershop team shakeup comes as CMBC merger completes
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NewsUK petfood M&A boom continues with two more premium deals
The flurry of petfood dealmaking continued this week, with the completion of a further two acquisitions of premium UK-based petfood players.
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NewsMinority investments drive start of UK food & drink M&A recovery
Minority investments in fast-growing brands helped lead to an uptick in UK food and drink M&A activity in the third quarter, though the impact of the coronavirus continues to weigh on deal volumes
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NewsTate & Lyle acquires Thai tapioca producer Chaodee Modified Starch
Ingredients supplier Tate & Lyle has snapped up a tapioca producer in Thailand to broaden the range of goods it can offer customers.
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NewsSkinner’s buys majority stake in wet dogfood player Naturediet
Dry dogfood specialist Skinner’s has bought a majority stake in branded natural wet dogfood producer Naturediet
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NewsSpectrum Brands agrees £140m deal for Good Boy producer Armitage Pet Care
The Grocer revealed in September that Rutland had tasked PwC with handling a sales process for Armitage
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NewsDiageo snaps up Chase Distillery for undisclosed sum
The deal is expected to close early next year
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NewsCity Snapshot: Coca-Cola European Partners snaps up Asia Pacific Coke bottler in €5.2bn deal
Coca-Cola European Partners has made a €5.2bn (£4.7bn) offer to expand its bottling empire with the acquisition of Coca-Cola Amatil. Plus, revenues at CCEP improved in Q3, with a significant slow down of declining volumes.
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NewsFmcg M&A deal volumes slump 60% on same period last year
Fmcg deals slumped 60% in the four months to the end of August as M&A in the food industry struggled to reignite in the pandemic
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NewsEight Fifty eyes European expansion with Greenland Seafood acquisition
The Young’s Seafood owner said the frozen own-label supplier would provide a “significant platform” on the continent
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NewsSolina picks up Bowman Ingredients for undisclosed sum
European ingredients group Solina has acquired food coatings specialist Bowman Ingredients from the family owners for an undisclosed price tag
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NewsCity snapshot: Danone launches full portfolio review to plan for new COVID-world
French dairy giant Danone has this morning announced its intention to conduct a full portfolio review and put assets worth €500m up for immediate sale to tailor its business for a post-coronavirus market.
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Analysis & FeaturesWhat does the Fultons deal mean for Poundland?
Acquiring the frozen food specialist is a step towards becoming a credible weekly grocery shop destination, says MD Barry Williams