The pandemic’s second wave is much more widespread than the first, affecting rural areas that were largely untouched last year, said Sunil D’Souza, managing director and chief executive of Tata Consumer Products Ltd...
Nestle buys vitamin brands from KKR for $5.75 billion
Nestle SA agreed to buy vitamin maker Bountiful Co. for $5.75 billion, becoming a world leader in the field of minerals and supplements as the pandemic boosts demand for pills for health-conscious consumers. Nestle...
Nestle confirms discussions to acquire vitamin maker Bountiful
Nestle is in discussions to buy nutritional supplement maker The Bountiful Company, the Swiss food giant said on Monday, confirming earlier reports it was close to a deal in the mid-single-digit billions...
Unilever to buy food supplement brand Onnit
Unilever Plc is acquiring food supplement company brand Onnit, the consumer goods giant said on Monday, joining rival Nestle SA in expanding its portfolio of brands focused on health and nutrition. The company did not...
NCLT approves amalgamation of Sunrise Foods with ITC, says company
ITC on Friday said the National Company Law Tribunal (NCLT) has approved the amalgamation of its recently acquired spice company Sunrise Foods with itself. In a notice to the stock exchanges, ITC said the Kolkata bench...
Nestle agrees to sell US water business for $4.3 billion
Nestle SA agreed to sell its bottled-water business in the U.S. and Canada to private-equity firm One Rock Capital Partners for $4.3 billion, as the food giant continues to revamp its portfolio. The sale to One Rock...
Kraft Heinz to sell Planters, Corn Nuts brands to Hormel for $3.35 billion
Kraft Heinz Co said on Thursday that it plans to sell its nuts business – including most Planters and Corn Nuts products – to Hormel Foods Corp for $3.35 billion, sending shares up 6%. The Chicago-based...
Emami scouting for acquisitions to strengthen footprint, says company’s director
FMCG major Emami Ltd is looking out for acquisitions both in India and international markets to strengthen its footprint, while also tapping at opportunities arising out the coronavirus pandemic, according to a senior...
Mondelez to buy rest of chocolate-bar maker Hu – WSJ
Mondelez International Inc is nearing a deal to buy Hu Master Holdings in a transaction that values the chocolate-bar maker at more than $250 million, the Wall Street Journal reported Monday, citing people familiar with...
Nestle sells Yinlu business in China amid portfolio cleanup
Nestle has agreed to sell its Yinlu peanut milk and canned rice porridge businesses in China to Food Wise Co Ltd, a company controlled by the family of Yinlu founder Chen Qingshui, the world’s largest packaged food...
Nestle kicks off $5 billion sale of Pure Life, other water brands, sources say
Nestle has kicked off the sale of its North American water brands including Pure Life and Poland Spring, according to four sources familiar with the matter, as the world’s largest food group continues to exit slow...
Danone to sell remaining 500 million euro stake in Japan’s Yakult
Danone on Tuesday said it would sell its remaining 6.6% stake in Japanese probiotic yogurt maker Yakult Honsha in a move that will strengthen the French food group’s balance sheet. The stake, which analysts...
