M&A – Page 64
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NewsFood & drink M&A activity on the rise despite Brexit concerns
Recorded deals for the second quarter of 2018 were 28% higher than the first quarter
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NewsCity snapshot: Heineken agrees Chinese beer partnership with China Resources
Heineken has struck a partnership deal with China Resources that will see it acquire a 40% shareholding in the company controlling Chinese beer market leader CR Beer. Plus, global pharmacy giant Walgreens Boots Alliance kicks off sales process for its sports nutrition businesses PhD Nutrition and The Protein Works and all the rest of the latest news from the City.
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NewsWBA kicks off sales process for sports nutrition brands
The Grocer understands WBA has hired Spayne Lindsay to handle a sales process for its PhD Nutrition and The Protein Works.
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NewsMeadow Foods secures 'strategic investment' from PE firm Exponent
Private equity firm Exponent has acquired dairy group Meadow Foods from fellow PE firm Paine Schwartz Partners.
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NewsApplegreen agrees reverse takeover of Welcome Break
Irish forecourt operator Applegreen has bought a majority stake in service station group Welcome Break for €361.8m in a deal that constitutes a reverse takeover.
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NewsHenkell's acquisition of Freixenet gets green light
In the UK, the deal nets Henkell subsidiary Copestick Murray, which has merged with Freixenet UK, a dominant position in the fizz market
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NewsTotal Produce's $300m investment in fruit giant Dole cleared
The deal, which was first agreed in February, was completed following approval from the European Commision
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NewsMenzies Distribution sold to PE firm Endless
Deal is pending shareholder and competition approval
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NewsLotus Bakeries buys Kiddylicious to expand snack business
Kiddylicious, which was launched by former M&S food scientist Sally Preston in 2009, sought a sale as it looked to expand the brand internationally, as reported by The Grocer
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NewsElisabeth the Chef lowers losses after Country Style takeover
A reversal of asset impairment helped to significantly reduce exceptional costs
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NewsKiddylicious seeking sale to boost global growth
The Kids Food Co is working with corporate finance boutique Stamford Partners on seeking external investment to drive its ambitious international expansion.
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NewsMarks & Spencer launches Founders Factory partnership to invest in startups
London-based Founders Factory was set up by LastMinute.com founder Brett Hoberman and Henry Lane Fox and work to launch and scale startups across all sectors
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Comment & OpinionTesco-Carrefour: will tie-up be just another buying group?
Tesco has worked for three years now to take buying back to the principled old days
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NewsCMA 'will not probe' proposed Tesco-Carrefour deal
Competition authorities in France have confirmed they will investigate the alliance
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NewsIntersnack picks up Popchips as market for snacks hots up
The flurry of dealmaking in the UK bagged snacks sector has continued unabated with Intersnack snapping up Popchips in Europe and other crisp makers subject to bid interest.
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NewsCity snapshot: Manomasa maker It's All Good eyes sale options
After a flurry of dealmaking in the UK bagged snacks sector, The Grocer understands Manomasa and Mexican Dave’s owner It’s All Good is also exploring sale options.
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Comment & OpinionTesco-Carrefour: will tie-up be just another buying group?
Tesco has worked for three years now to take buying back to the principled old days
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NewsSupermarket Income REIT buys Morrisons site in Sheffield
The company bought the supermarket, located on an 8.4-acre site at the former Hillsborough Barracks, from property company
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NewsIntersnack buys Popchips through KP snacks
KP has bought Popchips Ltd for an undisclosed sum from parent company Popchips Inc, which will continue to run the brand outside Europe
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NewsNestlé and JAB looking to buy Italian coffee maker Illy
Illy has rebuffed interest following approaches from JAB holding and Nestle, who have both made acquisitions in the category recently, according to Bloomberg