M&A – Page 37
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NewsVibrant Foods expands into chilled with acquisition of Everest Dairies
Vibrant was created in 2020 as a platform to consolidate the Asian and free-from markets
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NewsCBD oil brand Dragonfly scales up with factory deal
CBD oil producer Dragonfly Biosciences has taken over full ownership of Premium Extraction Services, which runs a large-scale ethanol extraction facility.
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NewsCity Snapshot: Deliveroo narrows losses ahead of £7bn IPO
Surging demand for takeaways during 2020 has helped Deliveroo narrow losses as transactions on the food delivery app soared, the group said this morning as it prepares for an upcoming £7bn IPO.
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NewsSupermarkets and meat giants expected to jostle for Farmison
Sales at the heritage meat delivery business doubled to more than £12m in 2020 as shoppers flocked online to buy during COVID
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Analysis & FeaturesWill Biffa’s Company Shop buyout cut down on food waste?
Biffa says the deal will help create a circular economy, but there are tensions between commercial and charity redistributors
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NewsSeafood supplier Sco-Fro netted by Japan’s Nishimoto Co
Established in 1975 by founder and chairman Stanley Bernard, Sco-Fro is one the UK’s largest importers of own-label noodles and frozen sushi and surimi.
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NewsFarmison appoints KPMG to explore investment options
The Yorkshire-headquartered meat delivery firm is targeting sales of £100m with ambitious plans to continue disrupting the ind
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NewsMorrisons snaps up Cornish seafood supplier Falfish
The business has a longstanding trading relationship with Morrisons dating back more than 16 years
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News
Jammie Dodgers maker Burton’s Biscuits set to be put on sale
Ontario Teachers’ Pension Plan, which bought Burton’s in 2013, has hired advisors at Stamford Partners to run the process.
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NewsNestlé expands DTC portfolio with acquisition of SimplyCook
The deal follows the takeover of Mindful Chef in November last year as the Swiss food giant moved to increase its exposure to the flourishing direct-to-consumer market
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NewsMedina and Freshways confirm merger talks underway
The milk processors said they were discussing whether a potential merger could create the basis for ‘a viable long-term business’
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NewsBestway completes Costcutter takeover following FCA approval
Bestway COO Naser Khan has been charged with overseeing the Costcutter integration
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Comment & OpinionWhy private equity firms are backing the UK grocery sector
Walmart’s sale of Asda to a consortium backed by TDR Capital is the latest in a series of inroads made by private equity into the UK grocery sector, says Equistone’s Paul Harper
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NewsOhso Chocolate sells 75% stake in sweet investment deal
Under the umbrella of S-Ventures, Ohso will look to develop the product range, continue to grow its existing product lines and consider partnering opportunities with other major brands to use its technology.
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NewsIssa brothers ‘complete’ Asda takeover deal
The deal is still dependent on receiving the go-ahead from the Competition & Markets Authority
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NewsCity snapshot: Coca-Cola European Partners sweetens offer for Coke bottler Amatil
Coca-Cola European Partners has sweetened its offer for Asia-Pacific Coke bottle Coca-Cola Amatil to reflect an improvement in global trading conditions. Plus, Kerry Group reveals plans to buy Spanish biotech firm, Jim McCarthy steps down as Wynnstay chairman and Ultimate Products acquires German kitchen electrical brand Petra.
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NewsCity snapshot: Symington’s hires advisors as it eyes £100m sale
The private equity owners of Leeds-based food group Symington’s have hired bankers to explore sales options. Plus, Kraft Heinz sells nuts business to Hormel Foods for $3.4bn, PepsiCo boosted by at home snack consumption and all the rest of the latest news from the City
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NewsSymington’s private equity owner explores sale options
Chicken Tonight owner Symington’s has hired advisors to explore sale options following a successful turnaround
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NewsCMA gives Diageo the green light to complete Chase acquisition
UK regulators have cleared Diageo’s acquisition of Chase Distillery after concluding the deal will not result in a “substantial lessening of competition”.
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NewsChapel Down drops beer business Curious Drinks to focus on wine
Chapel Down invested heavily into building the Curious brand over the past decade