All Mergers and acquisitions articles – Page 22
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NewsAsda slashes night shifts in cost-cutting move affecting thousands
A consultation with staff began this week and Asda stressed the overall level of store hours would be unaffected, though it could not rule out redundancies
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NewsVirtual restaurant brand Peckwater pushes further into Europe
Virtual restaurant brand player Peckwater Brands has expanded its reach further into Europe with the acquisition of competitor Eatclever
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NewsJuice Executive expands with Juice 4 Thought acquisition
Organic cold-pressed juice manufacturer The Juice Executive has snapped up premium brand Juice 4 Thought to expand into new markets.
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NewsDeal values plunge as inflation and lack of debt hit M&A
Deal values in the food and drink industry slumped in 2022 as suppliers battled spiralling costs, consumers cut back on spending and private equity firms had a harder time securing debt for M&A, according to a new report.
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NewsBidcorp UK acquires Suffolk-based wholesaler Thomas Ridley Foodservice
Formerly a member of the Country Range group, Thomas Ridley has over 2,000 catering and hospitality customers throughout London and East Anglia
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NewsCérélia acquisition of dough brand Jus-Rol rolled back by CMA
The deals watchdog has blocked the French bakery giant’s acquisition of the ready-to-bake pastry brand following concerns it will push up prices for shoppers and lower product quality
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Analysis & FeaturesHow is Valeo Foods performing for Bain after £1.5bn buyout?
Acquisitions are now more complex and the debt mountain is €1.6bn
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NewsThe Curators buys rival snacking disruptor Cheesies in Yeo Valley-backed deal
The deal sees The Curators grow its portfolio of high-protein, low-carb and keto-friendly snacks
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NewsDiageo shells out €260m-plus for ‘super premium’ Don Papa Rum
Diageo has agreed to acquire Don Papa Rum, a super-premium, dark rum from the Philippines, in a deal worth up to €438m (£385m)
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NewsBidcorp acquires foodservice supplier Harvest Fine Foods
Harvest supplies over 1,000 catering establishments across the Dorset, Hampshire and Sussex areas and stocks a range of 4,500 chilled, frozen and ambient products
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NewsPrinces owner in search of buyer as sales fall sharply
The owner of tinned food giant Princes has kicked off a search for a buyer, as newly filed accounts revealed it suffered a sharp drop in sales and profits as surging Covid demand eased
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NewsKerry set for €500m sweet ingredients portfolio sale to IRCA
Kerry Group has announced it has entered to entered into exclusive negotiations to sell sweet ingredients portfolio to Advent International-owned IRCA.
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NewsCurious Brewery rescues Wild Beer Co from administration
Kent-based Curious Brewery has rescued the Wild Beer Co brand from administration in a deal which will double production at its Ashford brewery
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NewsNorthern Bloc acquires two heritage ice cream makers as it ramps up capacity at new Leeds HQ
The acquisitions of Criterion Ices and Marine Ices will boost revenues by an additional £2m
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Comment & OpinionHilarious, disastrous and frankly outrageous moments that shaped 2022
A year of political chaos, war, strikes, egg shortages, fevered cost price increase negotiations
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NewsGlobal Brands takes control of Hooch, Hooper’s and Reef from Molson Coors
The three brands have been produced and distributed by Global Brands since 2012, under licence from the North American brewing giant.
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NewsDriscoll’s plans new varieties and more export opportunities to grow UK berry category
Russell Allwell, MD of Driscoll’s EMEA, said establishing its own operation in the UK was a ’great opportunity’
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NewsWilliam Reed snaps up Retail Week and World Retail Congress from Ascential plc
It follows William Reed’s acquisitions of The London Coffee Festival and Rethink events businesses
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NewsCity snapshot: NWF expands reach with £10m fuel oils deal as H1 trading remains ‘strong’
Specialist fuel, food and feed distributor NWF Group has reported “strong” first-half trading and announced a £10m acquisition in an update to the London Stock Exchange this morning. Plus, Greencore hands Sheffield workers a bumper pay increases ahead of Christmas
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NewsMondelez offloads chewing gum assets in US, Canada and Europe to Perfetti Van Melle for $1.4bn
The deal only includes the business in the US, Canada and Europe, with Mondelez retaining its gum holdings across Latin America, Asia, Middle East and Africa.