All Mergers and acquisitions articles – Page 59
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NewsAmber Beverage buys UK drink distributor Cellar Trends in push for global growth
Spirits producer Amber Beverage Group has acquired UK booze distributor Cellar Trends, pressing ahead with its international expansion plans.
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NewsCity snapshot: Applegreen breaks into US Mid-West
Applegreen has made its first major foray in to the United States’ Mid-West. Plus, Tesco to outline sustainability plans, first half profits dip at Wynnstay and all the rest of the latest news from the City.
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NewsBell Food sells German sausage business amid declining market
Swiss meat producer Bell Food has sold its German sausage unit to the Zur Mühlen Group for an undisclosed sum, amid “decline” in the market and rising pork prices.
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NewsThe Lakes Distillery raises a further £2.1m of growth capital
The Lakes Distillery has raised a further £2.1m from investment manager Gresham House Strategic to fund its global growth ambitions move forwards its plans for the public listing.
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NewsBidfood to relaunch Punjab Kitchen as Simply Puree
The acquisition took place in January but was only confirmed by Bidfood’s South African parent company Bidcorp last month
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NewsCity snapshot: Carrefour sells Chinese retail business in €1.4bn deal
French retail giant Carrefour has announced it has agreed to sell its operations in China to Chinese retail group Suning.com in a €1.4bn deal. Plus, franchise retailer Cake Box has delivered 33% sales growth in its inaugural year as a listed business and all the rest of the latest news from the City.
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NewsExponent confirms deal to buy Asian food wholesaler TRS
Private equity player Exponent has confirmed a deal to acquire specialist Asian food wholesaler TRS Foods as it readies a consolidation push.
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NewsTurkish food importer TFC buys London-based wholesaler Starburger
TFC Holdings London has snatched catering sector wholesaler Starburger for an undisclosed sum, completing what it described as its “first major acquisition”.
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NewsMeatsnacks Group slips further into red before buyout
The maker of Wild West Jerky, Hogbites Pork Crackling and Bundu Biltong reported a rise in pre-tax losses to £584k in the previous financial year
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NewsMondelez takes majority stake in US fresh-from-fridge energy bars maker Perfect Snack
Mondelez has agreed to acquire a majority stake in refrigerated protein bars maker Perfect Snacks as it looks to expand its healthy snacking portfolio.
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NewsEnergy bar producer Wholebake rescues Bounce Foods from administration
Gluten-free snack manufacturer Wholebake has acquired Bounce Foods for an undisclosed sum, rescuing the Surrey-based brand from administration.
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NewsOcado sells beauty retailer Fabled to Next as focus shifts to M&S deal
Ocado has sold beauty and wellbeing retailer Fabled to FTSE 100 fashion firm Next, as the online grocer plans to shift its focus to the joint venture inked with Marks & Spencer.
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NewsCity snapshot: Coca-Cola HBC completes Bambi confectionery deal
Coca-Cola HBC has completed its acquisition of Bambi, Serbia’s leading confectionery brand. Plus, Whitbread begins to return cash to shareholders following the sale of Costa Coffee to Coca-Cola, Steinhoff cuts annual losses in delayed accounts and all the rest of the latest news from the City.
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NewsHiggidy sells minority stake to Samworth Brothers
Premium pie-maker Higgidy has sold a minority stake to Ginsters owner Samworth Brothers to help accelerate its push into vegan and veggie pastry products.
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Comment & OpinionOcado's vertical farms could win over online grocery sceptics
Freshness is one of the main barriers to online grocery shopping. Ocado’s new venture could change all that
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NewsOcado makes major investment in vertical farming
The online grocer could have 10 vertical farms up and running within a decade
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NewsCity snapshot: Ocado makes £17m bet on vertical farming
Ocado is committing £17m into two acquisitions to make it a global leader in the newly emerging vertical farming industry. Plus, retail footfall plummets in May to its worst month in six years, Distil posts double-digit annual growth and all the rest of the latest news from the City.
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NewsLoch Lomond snapped up by Hillhouse Capital Management
The deal is understood to give Loch Lomond an enterprise value of $500m-$550m
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NewsGlobal agri player Corteva makes US stock market debut
Global agriculture specialist Corteva has become an independently listed company on the New York Stock Exchange today after splitting from parent DowDuPont.
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NewsCMA proposes 10-year block on further Sainsbury’s-Asda merger action
Earlier this month, Asda owner Walmart announced it was exploring plans to float the retailer