M&A – Page 36
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NewsIFF agrees $220m sale of UK-based Flavour Specialty Ingredients to Exponent
IFF has agreed to offload its UK-based Flavour Specialty Ingredients (FSI) division to private equity firm Exponent in a $220m deal.
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NewsDevro receives revised £562m offer from Saria as Unite plots strike in pay dispute
The revised price will see shareholders receive 320p a share in cash, up from 316.1p, in addition to a second 10p interim dividend.
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NewsCellular share prices plummet causes Cannaray deal to falls through
CBD supplier Cannaray has cancelled its £18.6m reverse takeover of Cellular Goods due to a drop in the target’s share price
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NewsBurts Snacks set to unlock growth with backing from new owner Europe Snacks
MD Dave McNulty, who will continue to run Burts as a standalone business, told The Grocer the acquisition would help unlock further potential in the snacking category.
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News2 Sisters owner Boparan and ForFarmers abandon animal feed joint venture
Boparan subsidiary 2Agriculture had hoped the jv would bring down feed prices
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NewsSerious Sweets snaps up premium marshmallow brand Mallow & Marsh
Own-label confectionery maker Serious Sweets has continued its acquisition spree with the takeover of premium marshmallow brand Mallow & Marsh.
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NewsBurts Snacks acquired by Kolak owner Europe Snacks
Premium snacks brand Burts has been snapped up by French own label manufacturer Europe Snacks for an undisclosed sum
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NewsCity News: Market struggles to untangle implications of Bestway’s Sainsbury’s investment
Bestway’s shock investment in Sainsbury’s last week sent City tongues wagging and the supermarket’s shares to 11-month highs as the market attempted to decipher the implications
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Analysis & FeaturesCérélia and Jus-Rol: does the CMA have a point in blocking the deal?
Cérélia is appealing the decision, but does the CMA have a point?
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Comment & OpinionBestway is no longer a wholesaler. It’s an activist investor… in Sainsbury’s
The Pervez-Choudrey-Sheikh family want a seat at the Sainsbury’s table
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NewsTesco snaps up Paperchase from administration
The deal involves he Paperchase brand and related intellectual property, rather than the 106 Paperchase stores across the UK, which employ about 820 staff
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Analysis & FeaturesBestway’s £250m+ Sainsbury’s share grab: what next?
Experts think an imminent takeover unlikely, but what other opportunities could Bestway’s 4.35% stake in Sainsbury’s unlock for the two?
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NewsFinsbury Food Group expands reach with Lees of Scotland acquisition
Specialist bakery Finsbury Food Group has acquired snowballs maker Lees of Scotland for £5.7m in cash
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NewsHome Bargains snaps up variety discount chain Quality Save
Quality Save’s 21 stores in the north of England are to become part of Home Bargains’ estate
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NewsCity snapshot: Unilever appoints Royal FrieslandCampina boss as CEO
Unilever has appointed Royal FrieslandCampina boss Hein Schumacher as successor to outgoing CEO Alan Jope. Plus, Finsbury Food Group announces an acquisition, Kitwave appoints a NED and Lidl GB unveils further investment for British suppliers.
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NewsCity snapshot: Bestway Group takes 3.45% stake in Sainsbury’s
Costcutter owner Bestway Group has announced this morning it has taken a 3.45% stake in Sainsbury’s and may buy further shares in the supermarket
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NewsAsda slashes night shifts in cost-cutting move affecting thousands
A consultation with staff began this week and Asda stressed the overall level of store hours would be unaffected, though it could not rule out redundancies
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NewsVirtual restaurant brand Peckwater pushes further into Europe
Virtual restaurant brand player Peckwater Brands has expanded its reach further into Europe with the acquisition of competitor Eatclever
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NewsJuice Executive expands with Juice 4 Thought acquisition
Organic cold-pressed juice manufacturer The Juice Executive has snapped up premium brand Juice 4 Thought to expand into new markets.
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NewsDeal values plunge as inflation and lack of debt hit M&A
Deal values in the food and drink industry slumped in 2022 as suppliers battled spiralling costs, consumers cut back on spending and private equity firms had a harder time securing debt for M&A, according to a new report.