M&A – Page 108
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NewsTurkey's Bebeto acquires Dexters Confectionery
Bebeto aims to become one of the top five confectionery brands in the UK by 2020
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NewsMinistry of Cake taken over by Mademoiselle Desserts
French patisserie manufacturer Mademoiselle Desserts has swallowed Ministry of Cake as part of plans to expand its UK presence.
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NewsPotato supplier Preva Produce slips into administration after challenging season
Preva Produce, a potato supplier for the likes of Walkers and Kettle, has fallen into administration after difficult end to 2016, leading to 20 redundancies
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NewsHilton Food Group signs Portuguese meat joint venture with Sonae
Shares in the red meat supplier have climbed 4% so far today to 670p on the back of the agreement.
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NewsSamworth Brothers buys West Cornwall Pasty Co
Samworth Brothers has acquired the West Cornwall Pasty Co from private equity group Endless, the company has confirmed today.
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NewsCity snapshot: Britvic expands in Brazil with £54.5m juice acquisition
Britvic has agreed a £54.5m deal to further grow its presence in Brazil with the acquisition of Bela Ischia Alimentos juice and concentrates business
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NewsPayPoint completes restructuring with £26.5m sale of mobile payments arm
PayPoint has sold its mobile payments business to Volkswagen Financial Services for £26.5m in cash, putting an end to its major restructuring project.
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NewsCoca-Cola pays $3.3bn for AB InBev’s stake in Coca-Cola Beverage Africa
The Coca-Cola Company has announced it has struck a deal to acquire the 54.5% stake in Coca-Cola Beverages African from AB InBev.
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News2016 has been a 'vintage' year for food and drink M&A - Rothschild
Many will be pleased to see the back of 2016, but for those who operate in the world of M&A, it hasn’t been so bad, argues Rothschild head of consumer Akeel Sachak.
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NewsCity snapshot: Bright Food reported to be readying Weetabix exit
China’s Bright Food has reportedly hired investment bank Goldman Sachs to sell UK-based breakfast cereal firm Weetabix. Plus, all the rest of today’s news from the City
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NewsLion Capital swoops for Loungers in £137m deal
The former owner of Weetabix and Kettle Foods has snapped up bar chain Loungers from private equity firm Piper in a deal valuing the business at £137m.
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NewsUnilever acquires haircare business Living Proof
Unilever has announced it has agreed to acquire science-based haircare business Living Proof for an undisclosed sum.
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NewsCentral Convenience snaps up Hunnyhill Stores
The Hunnyhill deal will bring Central Convenience’s store total to 115
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NewsJust Eat to swallow rival Hungryhouse in £200m deal
An extra £40m could be added to the sum depending on delivery service’s performance
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NewsYorkshire Poultry Products rescue deal saves 126 jobs
More than 120 jobs have been saved at a halal poultry processor after administrators at KPMG struck a rescue deal.
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NewsBeam Suntory acquires Sipsmith Gin ahead of global push for London craft brand
The maker of Jim Beam and Maker’s Mark has “ambitious” export plans for the brand
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NewsSimple Simon pulled out of administration by DDC
The owner of Simple Simon Foods has reacquired the business out of administration
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NewsHeineken agrees deal to buy Punch Taverns in £403m deal
The Dutch brewer has made a cash offer of 180p a share
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NewsTollblend added to Lesaffre mix
Baking mix supplier LFL Tollblend has been acquired by French multinational yeast producer Lesaffre for an undisclosed sum.
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NewsAsahi wins auction for AB InBev's Eastern European beer stable
Asahi is set to add Pilsner Urquell to its stable of European beer brands after reaching an agreement to buy the AB InBev Eastern European brewing businesses previously owned by SABMiller.