M&A – Page 108
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NewsPomeGreat founder departs after second collapse in two years
The administration comes just a month after the LGA named Pomegreat as having more sugar per 100ml than a can of Coke
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NewsLDC hungry for more food and drink investment from £1.2bn pot
Private equity house LDC has picked out the food and drink sector as a key area for investment after pledging £1.2bn of capital over three years to help accelerate growth among the UK’s mid-sized companies.
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NewsCharles Wilson on Booker deal - 'The Budgens and Londis supply chain is underutilised'
The deal, if approved by the Competition & Markets Authority, will create a symbol group with 4,907 stores
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NewsReckitt Benckiser K-Y Jelly deal leads to more friction with competition watchdog
Durex owner Reckitt Benckiser’s attempt to acquire the K-Y Jelly brand is to come under more intense scrutiny from the UK’s deal watchdog as a result of concerns over higher prices for shoppers.
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NewsBooker succeeds in £40m bid for Budgens and Londis
Londis currently has 1,630 convenience stores and sales of £504m in the year to December 2014, while Budgens has 167 convenience stores and supermarkets and sales of £329m.
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NewsWonderful Brands buys Pomegreat from administration
Wonderful Brands has purchased the assets of the Simply Great Juice Company from administration.
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NewsNutrisure stake taken by Lonsdale Capital Partners
Londsale said the new funds would help Nutrisure continue to grow by investing in its Naturya and Supernutrients brands
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NewsBright Food secures 40% remainder of Lion's Weetabix share
The remaining 40% stake has been bought up by Bright Food, with the intention - it is believed - of re-selling it to Hong Kong-based Baring Private Equity Asia
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NewsSABMiller enters UK's growing craft beer sector with Meantime acquisition
SABMiller is entering the craft beer market with the purchase of London-based brewer Meantime.
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NewsMetcalfe's Skinny demerger from Itsu triggers speculation
Metcalfe’s Skinny is to split from parent company Metcalfe’s Food on 1 June, The Grocer can reveal, with the parent company changing its name to Itsu Grocery
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TPG snaps up majority stake in Poundworld
US investment firm TPG has confirmed today it has bought a majority stake in UK fixed price discounter Poundworld.
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NewsDelhaize and Ahold confirm merger talks
Belgian supermarket group Delhaize has confirmed this morning it is in merger talks with Dutch contemporary Ahold.
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NewsFinsbury Food Group rescues Johnstone’s Just Desserts from administration
Finsbury Food Group is back on the acquisition trail after agreeing to rescue Johnstone’s Just Desserts from administration.
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Poundland to push ahead with 99p Stores takeover
Poundland has decided to press on with its attempt to acquire rival discount chain 99p Stores and go to a more in-depth investigation process by the UK’s Competition and Markets Authority.
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NewsBidvest 3663 buys Sandpiper CI's Cimandis foodservice division
Bidvest 3663 has acquired Cimandis, the foodservice division of Channel Islands operator Sandpiper CI…
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Analysis & FeaturesNomad Foods sets sights on frozen empire in wake of Iglo deal
Findus tipped but there are many candidates ripe for netting
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NewsNorbert Dentressangle bought up by XPO to create distribution giant
Norbert, a leading global provider of contract logistics, is a major supplier to the UK food and drink sector and has customers including Asda, Morrisons, Sainsbury’s and Tesco
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NewsDivine Chocolate merges its UK and US businesses
Divine Chocolate, the farmer-owned chocolate company, has merged its UK and USA businesses.
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NewsNew Birds Eye owner has 'ambitious' plans, says Nomad source
The firm sees grocery as ripe for consolidation and will be “nimble and opportunistic” in building on its anchor investment in the iconic frozen food company, sources close to Nomad told The Grocer this week
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NewsAshbury Chocolates collapse leaves creditors out of pocket
Creditors look set to lose a significant chunk of the £14.1m they are owed from the administration of Ashbury Chocolates…