M&A – Page 25
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News
Fox’s and Burton’s Biscuits unite to become one business
It will be led by Simon Browne, who was previously MD of Burton’s Biscuits
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Carlsberg to sell Russia’s biggest brewer Baltika
Danish brewing giant Carlsberg is to dispose of its Russian arm, where it is currently the market leading brewer in the country
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Heineken to dispose of its Russian business and take €400m hit
Global brewer Heineken has announced it will dispose of its Russian business and leave the country due to its war on Ukraine.
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News
CMA gives Boparan green light for Banham Poultry acquisition
After taking a closer look at the transaction and launching a phase 1 inquiry in January, the Competition & Markets Authority (CMA) cleared the deal.
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News
Little Moons hires Mike Hedges as CEO after L Catterton invests
Hedges joins the business as CEO on 4 April to support further distribution expansion in the UK and overseas.
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News
T Quality acquires Scottish wholesaler Morrison’s Foodservices
It comes as T Quality looks to expand its delivery network to cope with increased demand
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Comment & Opinion
PZ Cussons’ acquisition of Childs Farm is a step out of survival mode into exciting territory
The takeover signals a change in pace for the Imperial Leather and Carex owner
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News
City Snapshot: PZ Cussons snaps up Childs Farm in £40m deal
PZ Cussons has expanded its coverage in the UK baby and child personal care category with the acquisition of Childs Farm for £36.8m.
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News
Morrisons CFO Michael Gleeson to leave following CD&R takeover
Gleeson joined the company in 2014 as group financial controller
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News
CMA lifts enforcement order on Freshways-Medina merger
The CMA started investigating the long-awaited merger of the two mid-market processors last summer
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News
Little Moons sells stake to US PE firm L Catterton
The terms of the deal for the significant minority shareholding were not disclosed but are understood to value the business at much higher than £100m, according to sources in the City
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News
Parson’s Nose hires advisors to find investment partner
The London-based family-run business is aiming to leverage the brand to become the UK’s leading online butcher.
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News
Farmison sells majority stake to private equity investor Inverleith
Established in 2011 by John Pallagi and Lee Simmonds, the Yorkshire-based business aims to encourage UK consumers to ‘eat better meat’.
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News
PayPoint suspends bill payment services in majority of McColl’s stores
PayPoint said it had taken the steps “to ensure the continuity of its services for its clients and customers”
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Comment & Opinion
Who will buy the McColl’s stores if it goes under?
You would think the Issa brothers have enough to digest on their plate for the time being
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News
Nichols in M&A hunt as it launches review of Covid hit out-of-home channel
Vimto owner Nichols is eyeing M&A targets to strengthen its portfolio of drinks as the group rethinks the out-of-home channel in the wake of the pandemic, bosses have told The Grocer
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News
Real Drinks buys distributor Beer Britannia for undisclosed sum
The acquisition would “complement the core product expertise” of Real Drinks
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News
Poundland to offer home delivery nationwide after buying its founder’s online business
Poundland plans to integrate Poundshop.com with its own online service, Shop.Poundland.co.uk
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News
Scottish Seafood player Dawnfresh falls into administration
Dawnfresh, one of the UK’s largest fish and seafood producers and processors, has collapsed after struggling with rising costs, resulting in 200 jobs being lost
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News
Healthspan snapped up by Norwegian conglomerate Orkla
Founded in 1996 by Derek Coates, Healthspan has built a brand with a broad range of products across the VMS, sports nutrition, pet health and skincare markets.