M&A – Page 49
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NewsFood & drink sector headwinds keep the lid on M&A activity
Food and drink M&A volumes remained relatively subdued in the third quarter as mounting headwinds constrained dealmaking in the sector.
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NewsCompetition watchdog opens investigation into £7.1bn CD&R takeover of Morrisons
Any issues for the CMA are likely to centre around Morrisons’ forecourt operations and the CD&R-owned Motor Fuel Group
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NewsCity snapshot: Hilton Food Group buys Fairfax Meadow for £23.8m
Hilton Food Group has acquired the entire share capital of UK-based foodservice meat supplier Fairfax Meadow Europe from Argent Food Group for £23.8m.
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NewsBiscuit International strikes 'landmark' deal with acquisition of Continental Bakeries
Biscuit International has acquired Continental Bakeries as the PE-owned group strengthens its position as one of the biggest players in the European private label biscuit market.
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NewsMorrisons ends 54-year run as public company as CD&R takes control
Morrisons has officially ceased trading as a publicly listed company after more than 50 years on the London Stock Exchange
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NewsCity snapshot: Sainsbury’s scraps £200m sales process for banking arm
Sainsbury’s has announced it has halted talks around a possible £200m sale of its financial services arm. Plus, UK retail sales fall in September and Rémy Cointreau sales bounce back.
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NewsMorrisons £7.1bn CD&R takeover wins backing from shareholders
Shareholders in Morrisons have given the all-clear for the £7.1bn takeover by Clayton, Dubilier & Rice (CD&R) takeover to go ahead at a general meeting
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NewsSale of Asda forecourts to EG Group terminated
Asda said the sharing of commercial information had resulted in several changes to the financial evaluation of the deal
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NewsCanada’s High Tide enters UK’s CBD market with Blessed acquisition
Canada-based Hide Tide has acquired Scottish online CBD retailer Blessed as it looks to build its e-commerce presence in the UK and Europe.
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Analysis & FeaturesWhat the arrival of ex-Tesco CEO Terry Leahy means for Morrisons
Will the former Tesco and B&M boss take a more hands-on role? And how will he change how the business operates?
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NewsAddo and Winterbotham Darby merged as Compleat Food Group after PAI acquisitions
Chilled food suppliers Addo Food Group and Winterbotham Darby will come together under the new banner of The Compleat Food Group following their acquisition by PAI Partners earlier this year.
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NewsUK food and drink deal activity surges to ten-year high
UK food and drink M&A activity jumped to its highest level since 2010 in the fourth month period between May and August as the 2021 rush of dealmaking continued.
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Comment & OpinionMorrisons takeover leaves remaining public supermarkets looking attractive
Fortress’ statement bowing out of the Morrisons auction ominously says that the UK remains ’a very attractive investment environment from many perspectives’
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NewsHundreds of jobs at risk as 2 Sisters explores Uttoxeter biscuit factory closure
2 Sisters Food Group is exploring the closure of its own-label biscuit factory in the Midlands as cost pressures facing the food industry intensify putting more than 500 jobs at risk.
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NewsKavanagh Group to honour plastic-free legacy through £1.5m Thornton’s Budgens refit
Kavanagh is meeting with A Plastic Planet next month to discuss more ideas and concepts for plastic-free zones
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NewsKerry Group’s meats and meals business is rebranded as Pilgrim’s Food Masters
It follows the £703m acquisition of the business by Pilgrim’s Pride in June
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NewsEG Group expands KFC portfolio with 52 new sites in UK
The acquired network means EG Group now operates more than 1,700 foodservice concessions globally
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NewsSneak energy drink disruptor sells majority stake to global PE house
The brand sells a range of sugar-free, clean-label powdered energy formulas and pre-mixed cans
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NewsPernod Ricard expands in e-commerce with The Whisky Exchange acquisition
The London-headquartered business sells a catalogue of about 10,000 products online and in its three stores in London
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NewsReusable nappy Bambino Mio lands £13m in new investment
Reusable nappy brand Bambino Mio has netted a £13m investment from BGF to boost growth in the UK and beyond