M&A – Page 87
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NewsCity snapshot: Heineken in talks to buy Kirin’s Brazilian beer business
Dutch brewing giant Heineken has confirmed this morning it is currently is talks with Kirin over a possible deal for its Brazilian beer business. Plus Crowdcube posts record year of food crowdfunding deals and all the rest of the latest news from the City.
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NewsVegemite returns to Aussie roots in £282m Mondelez sale
Vegemite is back in Australian ownership for the first time in more than 90 years after Mondelez International sold the yeast extract spread as part of AU$460m (£281.7m) deal.
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Comment & OpinionOwn-label supplier consolidation is on the way
It would be shocking if the next six months didn’t reveal increased costs for food manufacturers
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NewsBritish American Tobacco takes over Reynolds in £40.7bn deal
BAT has agreed to acquire the remaining 57.8% in Reynolds it does not already own
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NewsFyffes shareholders approve Sumitomo buyout
Fyffes shareholders have overwhelmingly approved the €751m takeover bid from Japanese food group Sumitomo Corporation.
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NewsBernard Matthews takeover wins competition authority approval
CMA has cleared the deal for Boparan Private Holdings to acquire the turkey giant and ended its investigation
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NewsMars expands veterinary presence in $9.1bn VCA acquisition
Food giant Mars has swooped to expand its pet care business with the $9.1bn acquisition of VCA.
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NewsTurkey's Bebeto acquires Dexters Confectionery
Bebeto aims to become one of the top five confectionery brands in the UK by 2020
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NewsMinistry of Cake taken over by Mademoiselle Desserts
French patisserie manufacturer Mademoiselle Desserts has swallowed Ministry of Cake as part of plans to expand its UK presence.
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NewsPotato supplier Preva Produce slips into administration after challenging season
Preva Produce, a potato supplier for the likes of Walkers and Kettle, has fallen into administration after difficult end to 2016, leading to 20 redundancies
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NewsHilton Food Group signs Portuguese meat joint venture with Sonae
Shares in the red meat supplier have climbed 4% so far today to 670p on the back of the agreement.
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NewsSamworth Brothers buys West Cornwall Pasty Co
Samworth Brothers has acquired the West Cornwall Pasty Co from private equity group Endless, the company has confirmed today.
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NewsCity snapshot: Britvic expands in Brazil with £54.5m juice acquisition
Britvic has agreed a £54.5m deal to further grow its presence in Brazil with the acquisition of Bela Ischia Alimentos juice and concentrates business
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NewsPayPoint completes restructuring with £26.5m sale of mobile payments arm
PayPoint has sold its mobile payments business to Volkswagen Financial Services for £26.5m in cash, putting an end to its major restructuring project.
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NewsCoca-Cola pays $3.3bn for AB InBev’s stake in Coca-Cola Beverage Africa
The Coca-Cola Company has announced it has struck a deal to acquire the 54.5% stake in Coca-Cola Beverages African from AB InBev.
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News2016 has been a 'vintage' year for food and drink M&A - Rothschild
Many will be pleased to see the back of 2016, but for those who operate in the world of M&A, it hasn’t been so bad, argues Rothschild head of consumer Akeel Sachak.
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NewsCity snapshot: Bright Food reported to be readying Weetabix exit
China’s Bright Food has reportedly hired investment bank Goldman Sachs to sell UK-based breakfast cereal firm Weetabix. Plus, all the rest of today’s news from the City
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NewsLion Capital swoops for Loungers in £137m deal
The former owner of Weetabix and Kettle Foods has snapped up bar chain Loungers from private equity firm Piper in a deal valuing the business at £137m.
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NewsUnilever acquires haircare business Living Proof
Unilever has announced it has agreed to acquire science-based haircare business Living Proof for an undisclosed sum.
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NewsCentral Convenience snaps up Hunnyhill Stores
The Hunnyhill deal will bring Central Convenience’s store total to 115