M&A – Page 73
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NewsTurkish food importer TFC buys London-based wholesaler Starburger
TFC Holdings London has snatched catering sector wholesaler Starburger for an undisclosed sum, completing what it described as its “first major acquisition”.
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NewsMeatsnacks Group slips further into red before buyout
The maker of Wild West Jerky, Hogbites Pork Crackling and Bundu Biltong reported a rise in pre-tax losses to £584k in the previous financial year
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NewsMondelez takes majority stake in US fresh-from-fridge energy bars maker Perfect Snack
Mondelez has agreed to acquire a majority stake in refrigerated protein bars maker Perfect Snacks as it looks to expand its healthy snacking portfolio.
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NewsEnergy bar producer Wholebake rescues Bounce Foods from administration
Gluten-free snack manufacturer Wholebake has acquired Bounce Foods for an undisclosed sum, rescuing the Surrey-based brand from administration.
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NewsOcado sells beauty retailer Fabled to Next as focus shifts to M&S deal
Ocado has sold beauty and wellbeing retailer Fabled to FTSE 100 fashion firm Next, as the online grocer plans to shift its focus to the joint venture inked with Marks & Spencer.
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NewsCity snapshot: Coca-Cola HBC completes Bambi confectionery deal
Coca-Cola HBC has completed its acquisition of Bambi, Serbia’s leading confectionery brand. Plus, Whitbread begins to return cash to shareholders following the sale of Costa Coffee to Coca-Cola, Steinhoff cuts annual losses in delayed accounts and all the rest of the latest news from the City.
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NewsHiggidy sells minority stake to Samworth Brothers
Premium pie-maker Higgidy has sold a minority stake to Ginsters owner Samworth Brothers to help accelerate its push into vegan and veggie pastry products.
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Comment & OpinionOcado's vertical farms could win over online grocery sceptics
Freshness is one of the main barriers to online grocery shopping. Ocado’s new venture could change all that
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NewsOcado makes major investment in vertical farming
The online grocer could have 10 vertical farms up and running within a decade
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NewsCity snapshot: Ocado makes £17m bet on vertical farming
Ocado is committing £17m into two acquisitions to make it a global leader in the newly emerging vertical farming industry. Plus, retail footfall plummets in May to its worst month in six years, Distil posts double-digit annual growth and all the rest of the latest news from the City.
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NewsLoch Lomond snapped up by Hillhouse Capital Management
The deal is understood to give Loch Lomond an enterprise value of $500m-$550m
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NewsGlobal agri player Corteva makes US stock market debut
Global agriculture specialist Corteva has become an independently listed company on the New York Stock Exchange today after splitting from parent DowDuPont.
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NewsCMA proposes 10-year block on further Sainsbury’s-Asda merger action
Earlier this month, Asda owner Walmart announced it was exploring plans to float the retailer
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NewsPret a Manger acquires rival Eat to expand Veggie Pret estate
The acquisition will see Pret gain another 90 stores across the UK
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NewsPrimrose’s Kitchen eyes sales hike following takeover
News investors in the Dorset cereal brand include government food waste tsar Ben Elliot
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NewsSainsbury's to supply food-to-go lines to Euro Garages in trial
The supermarket said the new Sainsbury’s On the Go trial began “very recently”
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NewsCo-op partners Superdrug in food-to-go deal
The initial phase is being rolled out to seven Superdrug stores all based in key transit hubs
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NewsFood and drink deal volumes drop amid Brexit nervousness
Deal volumes dropped 19% from the fourth quarter of 2018 to 47 completed deals in the first quarter of 2019
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NewsBakkavor buys desserts business Blueberry Foods
Listed prepared foods supplier Bakkavor has bought up desserts business Blueberry Foods from Samworth Brothers.
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NewsCity snapshot: Nestlé agrees £8bn skincare division sale
Nestlé has announced this morning it has entered into exclusive negotiations with a consortium led by Swedish private equity firm EQT and the Adbu Dhabi Investment Authority over the sale of its skincare division. Plus, John Lewis Parntership ends defined benefit pension scheme and all the rest of the latest news from the City.