All Mergers and acquisitions articles – Page 30
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NewsHunt’s Food Group steps in to rescue Tree of Life sister The Health Store from administration
Administrators at insolvency firm Interpath Advisory completed the sale of The Health Store brand and assets to the Dorset-headquartered group today
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NewsAsda agrees £600m deal for Co-op petrol forecourt operations
All 2,300 Co-op colleagues impacted by the deal will transfer to Asda under Tupe rules
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Comment & OpinionCo-op’s potential forecourt sell-off could be a win for all parties
The good news for impacted staff is there seems to be a strong appetite among potential buyers, with Asda reportedly ready to stump up £450m for the Co-op’s 130 forecourt sites
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NewsKerry Group continues ingredients push with $108m acquisition of Kraft Heinz powdered cheese business
The deal for the B2B powdered cheese business – which is part of Kraft Heinz’s ingredients division – includes a factory in Minnesota in the US and 62 employees.
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NewsCity Snapshot: Asda leads race in £450m sale of Co-op petrol forecourt business
The Co-op has hired advisors to sell its petrol forecourts operation in a bid to raise £450m, with the Issa brothers-owned Asda the front runner to buy the business, according to reports.
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NewsCity News: iFood stake sale is welcome relief for beleaguered Just Eat Takeaway investors
The group announced a deal to sell its 33% stake in the South American food delivery arm to iFood’s majority owner (and one time Just Eat suitor) Prosus for €1.5bn
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NewsJust Eat Takeaway.com sells off €1.8bn Brazlian iFood stake
Just Eat Takeaway.com has agreed to sell its 33% stake in Brazalian food delivery operation iFood for a sum worth up to €1.8bn
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NewsCity snapshot: Wynnstay taps investors for £10.6m to fund growth and M&A
Agricultural supplies group Wynnstay has raised £10.6m via the placing of new shares to fund future growth and acquisitions
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NewsFilshill acquires wholesaler Iain Hill for undisclosed sum
Iain Hill started the eponymous wholesale business from a garage 32 years ago
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NewsTenacious Labs branches out into petcare market as CBD buy-and-build strategy continues
It’s the third deal struck by the London-headquartered business since it launched in early 2021
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NewsSupreme acquires trade and assets of vaping businesses Cuts Ice and Flavour Core
It follows Supreme’s acquisition of Liberty Flights in June in a deal worth up to £15m
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NewsLion sells Magic Rock and Fourpure to Odyssey Inns
Lion Little World Beverages has sold its UK operations, including its Magic Rock and Fourpure beer brands, to newly launched venture Odyssey Inns
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NewsWilliam Reed acquires The London Coffee Festival from Allegra Group
The festival will continue to be held April each year at the Truman Brewery in central London
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NewsJoseph Heler snaps up Welsh cheese business Futura Foods Wales
The site would continue to conduct business as usual, said Joseph Heler
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NewsEconomic instability blamed for decrease in food & drink dealmaking
While deal volumes have largely settled in the mid-30s since a post-Covid spike in the first quarter of 2021, Q2 2022 saw deal numbers drop to just 26
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Comment & OpinionCMA was never quick on the draw. How will it fare as the sheriff in a new Dodge City?
The CTN/c-store chain was in administration and even a cursory look at the stores, the estate and the market shares will tell you nothing needs to be done
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NewsBidcorp UK acquires Nicol Hughes Foodservice
Nicol Hughes Foodservice specialises in delivering ambient, frozen, chilled and non-food products to north west England and north Wales
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Comment & OpinionPremier Foods’ Spice Tailor deal signals the end of its zombie phase
The Spice Tailor acquisition looks to be a savvy one in the context of continued high demand for home cooking
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NewsCity Snapshot: Premier Foods snaps up The Spice Tailor for £44m
Premier Foods has acquired Indian meal kits brand The Spice Tailor for £44m as the Sharwood’s and Loyd Grossman owner looks to capitalise on growing demand for scratch cooking. Plus, Aldi gives staff a second pay rise of the year; and Naked Wines loses CFO.
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NewsMackie’s at Taypack to go it alone as Taylor family take control of joint venture
Scottish food group Mackie’s has sold its holdings in the company’s premium crisp brand to its joint venture partner to focus exclusively on ice cream and chocolate.