M&A – Page 17
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News
Diageo shells out €260m-plus for ‘super premium’ Don Papa Rum
Diageo has agreed to acquire Don Papa Rum, a super-premium, dark rum from the Philippines, in a deal worth up to €438m (£385m)
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News
Bidcorp acquires foodservice supplier Harvest Fine Foods
Harvest supplies over 1,000 catering establishments across the Dorset, Hampshire and Sussex areas and stocks a range of 4,500 chilled, frozen and ambient products
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News
Kerry set for €500m sweet ingredients portfolio sale to IRCA
Kerry Group has announced it has entered to entered into exclusive negotiations to sell sweet ingredients portfolio to Advent International-owned IRCA.
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News
Curious Brewery rescues Wild Beer Co from administration
Kent-based Curious Brewery has rescued the Wild Beer Co brand from administration in a deal which will double production at its Ashford brewery
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News
Northern Bloc acquires two heritage ice cream makers as it ramps up capacity at new Leeds HQ
The acquisitions of Criterion Ices and Marine Ices will boost revenues by an additional £2m
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Comment & Opinion
Hilarious, disastrous and frankly outrageous moments that shaped 2022
A year of political chaos, war, strikes, egg shortages, fevered cost price increase negotiations
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News
Global Brands takes control of Hooch, Hooper’s and Reef from Molson Coors
The three brands have been produced and distributed by Global Brands since 2012, under licence from the North American brewing giant.
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News
Driscoll’s plans new varieties and more export opportunities to grow UK berry category
Russell Allwell, MD of Driscoll’s EMEA, said establishing its own operation in the UK was a ’great opportunity’
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News
William Reed snaps up Retail Week and World Retail Congress from Ascential plc
It follows William Reed’s acquisitions of The London Coffee Festival and Rethink events businesses
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News
Mondelez offloads chewing gum assets in US, Canada and Europe to Perfetti Van Melle for $1.4bn
The deal only includes the business in the US, Canada and Europe, with Mondelez retaining its gum holdings across Latin America, Asia, Middle East and Africa.
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News
City snapshot: AG Barr snaps up remaining stake in Moma Foods
AG Barr has acquired the remaining minority stake in plant-based milk brand Moma Foods for £3.4m. Plus, Hilton Food Group forms long-term strategic collaboration in Singapore with Country Foods.
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News
Juvela gluten-free brand snapped up by S-Ventures
Fmcg investment house S-Ventures has acquired gluten-free brand Juvela to expand its portfolio of free-from suppliers
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News
Nurture Brands buys seaweed crisp maker Abakus Foods
Plant-based group Nurture Brands has continued to build its portfolio of brands with the acquisition of seaweed crisps producer Abakus Foods.
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News
CIty snapshot: Kitwave acquires foodservice wholesaler WestCountry Food in £29m deal
Kitwave Group has snapped up fresh produce wholesaler WestCountry Food Holdings for £29m to incorporate into the company’s foodservice division. Pkus, Fever-Tree Drinks appoints new chairman.
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News
Administrators seek buyer for Wild Beer Co
Beer brand Wild Beer Co has fallen into administration after struggling to recover from the pressures of Covid, while battling rising costs
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News
Freshcut Foods close to new investment as Perwyn lines up exit
Perwyn hired advisors at US-based investment bank Stephens to explore options for the fresh ingredients supplier earlier this year.
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News
David Wagstaff made St Pierre MD as David Milner moves on following Grupo Bimbo sale
Wagstaff brings more than 30 years’ experience in the food and drink industry to the role
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News
CapVest’s Second Nature Brands acquires Brownie Brittle
The international snacking group is looking to scale up in its domestic US market
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News
Capreolus Fine Foods merges with Deli Farm Charcuterie
Production of the Deli Farm range will move to Capreolus’s site in West Dorset, where the team will continue to make products using Cornish meat
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Comment & Opinion
Why AG Barr’s move for Boost Drinks looks like another smart move
The deal strengthens a portfolio that already includes Irn-Bru, Rubicon, Strathmore water and Funkin Cocktails