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...
Nestle likely to do more big acquisitions – CFO
Nestle will do more acquisitions, also big ones, the food giant’s chief financial officer said on Wednesday. “We have been very disciplined, but that has not prevented us from doing sizeable acquisitions –...
Norway’s Orkla buys spice maker Eastern
Norway’s packaged consumer goods firm Orkla said it will purchase a 67.8% stake in Kerala-based spice maker Eastern Condiments Pvt. Ltd and merge it with its existing MTR Foods business to create a larger enterprise...
ITC plans to merge three subsidiaries with itself, board meeting in a week
Diversified business entity ITC on Friday said it is considering merger of its three wholly-owned subsidiaries – Sunrise Foods, Hobbits International Foods and Sunrise Sheetgrah – with itself. A board...
ITC acquires spices maker Sunrise Foods in all-cash deal for Rs 2,150 cr
Diversified business entity ITC Ltd on Monday announced acquisition of spices manufacturer Sunrise Foods Private Ltd (SFPL) in an all-cash deal valued at Rs 2,150 crore. According to the company, it has acquired shares...
Bombay High Court upholds single bench ruling in Hindustan Unilever-Emami row
The Bombay High Court dismissed Emami’s plea challenging a single bench’s order directing the Kolkata-based company to provide seven days prior notice before initiating legal proceedings against Hindustan Unilever or...
