Singapore-based food conglomerate Olam Group said on Monday it would invest $500 million in its food ingredients business and divest all remaining businesses and assets over time. The commodity trader, which counts...
Haldiram’s Nagpur & Delhi branches complete merger
“A new chapter begins and it’s a significant one,” ethnic snacks maker Haldiram’s chief executive KK Chutani wrote on social media platform LinkedIn on Monday afternoon, to announce the merger of two family entities...
Castillo Hermanos strikes $1.5 billion deal to buy U.S. maker of SunnyD, sources say
Guatemalan conglomerate Castillo Hermanos is buying U.S.-based Harvest Hill, maker of beverages such as SunnyD, for around $1.5 billion, including debt, according to people familiar with the matter. The deal is expected...
UK food group Greencore to buy rival Bakkavor in $1.6 billion deal
Convenience food manufacturer Greencore on Wednesday agreed to buy rival Bakkavor in a deal valued at 1.2 billion pounds ($1.55 billion), to create a convenience foods giant in Britain. Greencore has offered to buy...
Haldiram Snacks announces Temasek as strategic investment partner
Haldiram Snacks Food on Sunday announced Singapore-headquartered global investment firm Temasek as a strategic investment partner with Temasek acquiring an equity stake in Haldirams. The announcement did not disclose...
ChrysCapital about to take a big bite of Theobroma
Homegrown private equity firm ChrysCapital is poised to acquire a controlling stake in bakery chain Theobroma Foods for ₹2,200-2,300 crore, two people aware of the development said. The deal will see the complete exit...
Global Eggs agrees to buy Hillandale Farms for $1.1 billion
Global Eggs, a company controlled by Brazilian entrepreneur Ricardo Faria, has agreed to buy U.S. egg producer Hillandale Farms for $1.1 billion, Faria told Reuters on Thursday. Global Eggs is based in Luxembourg and...
UK food group Greencore increases bid for rival Bakkavor, Bloomberg News reports
British convenience food manufacturer Greencore has increased its bid for rival Bakkavor Group, Bloomberg News reported on Tuesday, citing sources. Bakkavor, which operates in Britain, China and the United States, has...
Unilever to sell The Vegetarian Butcher brand to Vivera
Unilever said on Thursday it will sell its plant-based meat brand The Vegetarian Butcher to Netherlands-based Vivera.
The London-listed company did not disclose financial terms of the deal.
PepsiCo nears $1.5 billion deal to acquire healthy soda brand Poppi
PepsiCo Inc. is in advanced talks to buy the healthier soda brand Poppi, according to people with knowledge of the matter. The Purchase, New York-based beverage giant could announce the transaction as soon as next week...
Temasek signs agreement to buy 10% in Haldiram Snacks Food
Private equity firm Temasek signed a definitive agreement to buy 10% in Haldiram Snacks Food at a $10-billion valuation on Tuesday night, making this the single-largest deal in the packaged consumer goods space...
Godrej Agrovet shares in focus on acquiring 48% stake in Creamline Dairy for Rs 930 crore
Shares of Godrej Agrovet will be in focus on Wednesday after the company announced that it will acquire the remaining 48.06% stake in Hyderabad-based Creamline Dairy Products (CDPL) for Rs 930 crore. This decision will...
