All Mergers and acquisitions articles – Page 50
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News
Samworth Bros boosts Higgidy stake to become majority shareholder
Higgidy will remain a separate business with a separate leadership team and its own manufacturing facilities
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News
Kettle owner Valeo Foods snaps up tortilla chip producer It’s All Good
The supplier will join Valeo’s snacking division alongside the likes of Kettle
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Comment & Opinion
If it’s not a supply deal, what is Bestway getting from its Costcutter purchase?
Bestway has confirmed the Co-op supply arrangement will remain in place until 2026. In the meantime, the wholesaler will reap other benefits
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News
Bestway extends Co-op supply deal for Costcutter until 2026
Bestway confirmed on Friday it was buying the symbol group from Bibby Line Group for an undisclosed fee
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News
Bestway snaps up Costcutter for undisclosed fee
Once the deal is cleared, Bestway will operate a symbol, franchise and company store estate of more than 3,795 UK stores
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News
Kerry Group mulls €1bn-plus sale of consumer foods business
Kerry Group is considering selling off its consumer foods division, which includes brands such as Richmond sausages and Dairygold, according to reports today
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News
CapVest set to win IPN auction
Capvest has seen off competition from Cranswick as well as fellow private equity players Ontario Teachers and Bridgepoint
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News
Ferrero moves into healthier snacking market with Eat Natural acquisition
Eat Natural will continue to produce at its facility in Halstead, with its entire staff – including management – set to be retained
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News
Asda DC network to be sold and leased back by new owners
TDR Capital and Issa brothers Zuber and Mohsin are lining up advisors Eastdil Secured to handle the process
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News
Cranswick plots return to petfood market with IPN acquisition
Pork and meat supplier Cranswick is mulling a move into the fast-growing premium petfood sector with the potential acquisition of Inspired Pet Nutrition
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News
City snapshot: Ocado completes $262m Kindred Systems robotics acquisition
Ocado has announced it has completed the deal for US piece picking robotics company Kindred Systems.
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News
EG Group grows German estate with €485m acquisition
EG today announced it had entered into a binding agreement to acquire a network of 285 petrol station forecourts in Southern Germany from OMV Deutschland.
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News
City snapshot: Tesco investors set for £5bn payout as Asia sale readies for completion
Tesco, which last week announced it was returning £585m of business rates relief, has this morning confirmed the $10.6bn sale of its businesses in Asia and a special dividend payment of £5bn. Plus, a pre-close trading update from British American Tobacco, and Nestlé Purina PetCare is set to invest $550m to expand its petfood manufacturing facility in Georgia, creating up to 130 jobs.
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News
CMA launches probe into Asda takeover by Issa brothers
The proposed £6.8bn takeover by brothers Mohsin and Zuber Issa was announced in October
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News
It’s All Good explores sale as tortilla chips demand soars
The Gateshead-headquartered supplier has been backed by PE firm NVM since 2014 following a £3.5m minority investment
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News
City snapshot: Tate & Lyle buys US stevia producer Sweet Green Fields
Tate & Lyle has agreed a deal to acquire $50m stevia ingredients company Sweet Green Fields to take full ownership of current partner.
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News
Beer52 and Virgin Wines explore options as sales rise
A surge in online sales of alcohol during lockdown has attracted investor interest
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Analysis & Features
Why is Noble selling Gü and who is lining up to buy it?
A bidding process for the pudding brand is expected to top £100m
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News
City snapshot: Nestlé agrees sale of China-based peanut milk brand Yinlu
Nestlé has agreed to sell its China-based Yinlu peanut milk and canned rice porridge businesses to Food Wise Co for an undisclosed sum
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Comment & Opinion
Camden Town Brewery faces identity challenge following full AB InBev integration
AB InBev has done wonders for Camden’s reach. But, as two senior figures take a back seat, the brewer could risk losing its independent character