All Mergers and acquisitions articles
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NewsOil specialist KTC Edibles bought by Whitworths Food Group
KTC has been owned by private equity firm Endless since May 2022
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NewsUnilever acquires sustainable deodorant brand Wild
The terms of the deal have not been disclosed but it is believed to value Wild at around £230m
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NewsMajestic to accelerate on-trade ambitions with deal to acquire Enotria&Coe
Majestic said it had identified ‘significant potential’ to grow the business alongside its existing B2B arm
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NewsWH Smith to rebrand as TGJones after £76m sale
The deal does not include the WH Smith brand, meaning all stores will rebrand as TGJones after a short transition
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NewsGreencore raises bid for rival Bakkavor, says report
Bakkavor has already rebuffed two offers from Greencore, including a £1.1bn approach earlier this month
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NewsUnilever to sell The Vegetarian Butcher brand to Vivera
Unilever has agreed to sell The Vegetarian Butcher to Vivera for an undisclosed sum
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NewsCity snapshot: Pfizer completes £2.5bn Haleon exit
Pfizer still owns about 7.3% of the company, making it the largest shareholder. GSK sold its remaining stake in May last year
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Comment & OpinionWhat Yeo Valley buying The Collective means for UK yoghurt
Yoghurt giant Yeo Valley bought rival brand The Collective in a surprise move last week – but why did it happen in the first place?
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NewsPepsiCo acquires gut health soda brand Poppi for $2bn
PepsiCo said the brand’s ‘consumer-first approach, cultural cache and nutritional profile’ had ‘nurtured a loyal fanbase and driven rapid growth’
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NewsBakkavor rejects Greencore merger approach to create a £4bn food giant
Shares in Bakkavor have rocketed by 16.6% as the markets digested the news
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NewsAsda’s Allan Leighton axes 6,000 SKUs and warns of major profit drop
Executive chairman Allan Leighton said Asda planned to slash thousands of SKUs
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NewsDiageo pulls out of Distill Ventures accelerator as part of strategic reshape
Diageo has invested over £245m in more than 35 businesses through the Distill programme
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NewsDeliveroo CEO Will Shu quashes reports he’s stepping down
“I’m not. You’re hearing it from me,” Deliveroo CEO Will Shu told The Grocer
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NewsFood & drink deal activity bounces back to five-year high in 2024
Dealmakers are confident momentum in the food & drink M&A market is set to ramp up in 2025 after activity in the industry recovered to a five-year high in 2024
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NewsCérélia admits CMA defeat and sells Jus-Rol to private equity
London-based Rinkelberg Capital acquired the Jus-Rol business from the French bakery giant after numerous appeals by the group to overturn the CMA’s order to unwind the deal fell flat
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NewsYeo Valley Production snaps up The Collective yoghurt brand
Yeo Valley said the deal would enable more opportunities for The Collective to ’deliver innovative dairy’ to British fridges
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NewsCake Box agrees buyout of Asian sweet seller Ambala Foods
The deal consists of £16m for Ambala itself and £6m for its manufacturing facility
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NewsCity snapshot: Cake Box to buy Ambala Foods with £7m of new shares
Ambala is a family-run manufacturer and retailer of Asian sweets. Also, Applied Nutrition announces joint business plan with Holland & Barrett
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NewsCompleat Food Group buys The Real Yorkshire Pudding Company
It is the latest milestone in the company’s ongoing spending spree
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NewsWalgreens Boots Alliance agrees to $10bn private equity takeover
Boots owner Walgreens Boots Alliance has agreed to a $10bn takeover offer from private equity firm Sycamore Partners, bringing the pharmacy giant’s time as a public company to an end