M&A – Page 98
-
NewsBidvest Foodservice strengthens with Caterfood acquisition
Caterfood will remain under its current management and retain all staff
-
NewsHalewood picks up 50% stake in The Pogues Irish Whiskey
The band retains ownership of the other 50% of the product made by West Cork Distillers
-
NewsDelhaize and Ahold merger gains final European clearance
Delhaize and Ahold have been given the green light by competition watch dogs in Belgium for the proposed merger of the two European food retailers.
-
NewsAhold and Delhaize shareholders give merger green light
Shareholders at European food retailers Ahold and Delhaize have voted overwhelmingly in favour of the proposed €9.8bn merger of the two groups.
-
NewsTesco could attract major third party investment for O2 buyout
Tesco is currently in talks with O2 in a bid to buy its share of Tesco Mobile
-
NewsXPO Logistics to maintain Aldi transport equipment
Logistic giant will carry out maintainance on 22m Aldi plastic crates a year
-
NewsCulina Group agrees deal to buy rival Great Bear
Culina Group has bought Great Bear Distribution to create a £400m-plus company
-
NewsAB InBev agrees Chinese sale of SABMiller Snow Breweries joint venture
AB InBev has agreed to sell SABMiller’s stake in Chinese joint venture Snow Breweries for $1.6bn (£1.1bn) as it seeks to conclude the ‘megabrew’ merger
-
NewsKitwave Wholesale completes major new refinancing deal
Kitwave Wholesale Group supplies independent c-stores from 15 depots across the UK
-
NewsFood ingredients firms Silbury and Portal Foods agree £45m merger
Food ingredients distributor Silbury has agreed to merge with pizza ingredients supplier Portal Foods to create a new £45m company.
-
NewsMalton Foods acquires Simpsons pudding business
Malton Foods has snapped up the ambient pots, pouches and canned pudding business from troubled Simpsons Foods.
-
NewsBrakes takeover by Sysco will boost its credit quality, says Moody’s
Ratings agency Moody’s has welcomed Sysco’s $3.1bn deal to buy Brakes and put the latter’s rating on review for upgrade because of the debt paid down as part of the deal.
-
NewsBrakes to be engine for Sysco Euro drive after $3.1bn buyout
Brakes will continue to operate as a standalone outfit within Sysco, led by CEO Ken McMeikan
-
NewsRefresco Gerber buys German Pepsi bottling plant
Refresco Gerber reported a 3.2% increase in adjusted EBITDA in the third quarter of last year to €61.6m
-
Analysis & FeaturesSteinhoff's Argos bid leaves Sainsbury's in a tricky spot
Sainsbury’s is in a tricky spot after its bid for Argos was comprehensively gazumped by South African retailer Steinhoff
-
-
Comment & OpinionTesco to buy Morrisons? It doesn't need to
Dave Lewis and Tesco don’t need Morrisons even if they can have them (which they probably can’t)
-
NewsPropercorn on course to get its first taste of outside investment
Fast-growing popcorn brand Propercorn is close to securing its first injection of external cash since launching four years ago.
-
NewsKraft Heinz in pole position to take back Philadelphia
Kraft Heinz is in pole position to take back full control of Philadelphia as Mondelez readies a $3bn (£2.1bn) sale of its grocery and cheese division.
-
NewsBurton’s Biscuits in talks to buy 2 Sister’s-owned Fox’s
Sources stressed to The Grocer that the talks remained at a preliminary stage