All Mergers and acquisitions articles – Page 69
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NewsPremier Foods tipped to seek asset sales
The new management team at Premier Foods will be tasked with overseeing a sell-off of its key brands according to City sources, as the listed food group’s strategy shifts to generating shareholder returns through disposals.
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Analysis & FeaturesWhat does Tulip’s takeover mean for the UK pig sector?
Pilgrim’s Pride’s acquisition of Tulip is a ‘vote of confidence’ in the market
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NewsCity snapshot: Sales slip at Greene King ahead of £2.7bn takeover
Greene King has reported a fall in like for like sales over the 18 weeks to 1 September ahead of a shareholder vote to approve its £2.7bn takeover.
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Analysis & FeaturesHow Grenade exploded into confectionery mainstream
Protein bar maker Grenade has rocketed from sports nutrition brand to mainstream giant – and is now heading for its third sale
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NewsValeo Foods confirms £66m Kettle acquisition
Valeo Foods Group has confirmed the acquisition of Kettle from US owner Campbell Soup Co, in a deal valuing the struggling premium crisps brand at £66m
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NewsGreencore agrees £56m deal for Freshtime UK
Greencore has announced it has agreed to acquire Freshtime, a UK-based supplier of food-to-go-salads, chilled snacks and prepared produce.
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NewsBurton’s Biscuits acquires shortbread producer Paterson Arran
Burton’s Biscuits has announced it has broadened its product portfolio with the acquisitions of Scottish shortbread producer Paterson Arran.
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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