Packaged food manufacturer Annapurna Swadisht Ltd on Tuesday announced that it would acquire a majority stake in West Bengal-based Andri Agro Foods Pvt Ltd for a total enterprise value of Rs 15 crore. The company has...
Apax Funds buys minority stake in iD Fresh Food, early backers part exit
Global private equity firm Apax Funds has acquired a significant minority stake in iD Fresh Food, which makes ready-to-cook packaged food items. The investment firm has acquired the stake from existing shareholders...
DSM Fresh Foods to acquire majority stake in Avyom Foodtech
DSM Fresh Foods announced that its Board of Directors has approved the acquisition of a 51% controlling stake in Avyom Foodtech (AFPL), marking the company’s formal entry into the ready food solutions segment...
Devyani & Sapphire to merge, form QSR giant
Devyani International and Sapphire Foods India, which operate KFC and Pizza Hut quick service chains in India, are merging operations to create the country’s largest single quick-service restaurant (QSR) entity...
Nestle sells remaining 40% Herta stake to Casa Tarradellas, ending joint venture
Nestle said on Tuesday it had completed the sale of its remaining 40% stake in packaged meat business Herta Foods to Spanish company Casa Tarradellas. No other terms were disclosed. Nestle said the joint venture that...
Nestle sells remaining 40% Herta stake to Casa Tarradellas, ending joint venture
Nestle said on Tuesday it had completed the sale of its remaining 40% stake in packaged meat business Herta Foods to Spanish company Casa Tarradellas. No other terms were disclosed. Nestle said the joint venture that...
Varun Beverages shares jump 2% on approving Rs 1,119 crore Twizza acquisition, Citi expects 44% upside
Shares of Varun Beverages Ltd (VBL) jumped 2.2% to an intraday high of Rs 480 on the BSE on Monday, December 22, after the company’s Board of Directors approved the acquisition of South Africa-based Twizza Proprietary...
Varun Beverages to acquire South African beverage firm Twizza at enterprise value of Rs 1,118.7 crore
Varun Beverages, PepsiCo’s largest franchise bottler, on Sunday announced to completely acquire South Africa-based firm Twizza, through its its own local subsidiary there – The Beverages Company Proprietary...
Haldiram’s enters strategic partnership with L Catterton
Global consumer-focused investment firm L Catterton on Thursday announced a strategic partnership and investment in India’s largest ethnic snacks company Haldiram’s. The consumer-focused investment firm backed by...
Campari sells Averna and Zedda Piras in 100 million euro deal
Italian drinks group Campari said on Thursday it had agreed to sell its brands Averna and Zedda Piras to spirits company Illva Saronno for 100 million euros ($117.45 million). The sale is another step in Campari’s...
Diageo sells East African Breweries stake to Asahi for $2.3 billion
Diageo, the world’s largest spirits group, has agreed to sell its 65% stake in East African Breweries to Japan’s Asahi Holdings for $2.3 billion, divesting its last direct African beer holding. The deal...
Britain clears Greencore, Bakkavor’s $1.6-billion food group merger
Britain’s competition regulator has cleared the proposed 1.2-billion-pound ($1.61 billion) merger between convenience food manufacturers Greencore and Bakkavor on Wednesday, scrapping an in-depth probe into the...
