Performance Food Group Company and US Foods will no longer pursue a potential merger, the companies said on Monday. The move comes roughly two months after the food distributors agreed to exchange sensitive financial...
Japan’s Kirin in talks to pull out of Bira 91 maker B9 Beverages amid brewing financial strain
Japan’s Kirin Holdings, the largest investor in Bira 91 craft beer maker B9 Beverages, is in talks with the crisis-ridden brewer’s founder Ankur Jain to exit its investment, multiple people aware of the negotiations...
Guatemala’s Castillo Hermanos buys US maker of SunnyD for $1.4 bln, top US official says
Guatemalan firm Castillo Hermanos acquired U.S.-based Harvest Hill, maker of beverages such as SunnyD, for $1.4 billion, the U.S. Deputy Secretary of State Christopher Landau announced on Friday on social media. Landau...
Biscuit maker Anmol Industries puts fundraising back on the table, hires PwC
Kolkata-based Anmol Industries Ltd (AIL), which makes biscuits, cakes, cookies and rusks, has restarted discussions to sell a minority stake to raise $150-200 million, according to multiple people familiar with the...
US private equity firm General Atlantic set to acquire 7% of Balaji Wafers for ₹2,500 crore
US private equity firm General Atlantic is in the final stages of buying a 7% stake in Balaji Wafers for ₹2,500 crore (approximately $282 million), valuing the Gujarat-based packaged ethnic snack maker at about ₹35,000...
Unilever expects to complete Magnum ice cream spin-off by December 6
Consumer goods group Unilever said on Tuesday it expects to complete the spin-off of its Magnum Ice Cream unit, after a delay because of the U.S. government shutdown, by December 6. The delay underscores the disruptions...
New Zealand’s Fonterra gets farmers’ approval for $2.42 billion consumer business sale
New Zealand dairy producer Fonterra Co-operative Group said on Thursday its farmer shareholders have agreed to the NZ$4.22 billion ($2.42 billion) divestment of its global consumer and associated businesses to French...
Heritage Foods acquires 51% stake in health ice cream maker Get-A-Way for Rs 9 crore
Dairy company Heritage Foods Ltd said on Monday it has acquired a 51 per cent stake in Peanutbutter and Jelly Pvt Ltd, which owns health-focused ice cream brand Get-A-Way, for Rs 9 crore. The acquisition is expected to...
LT Foods set to buy Hungary’s Global Green for Rs 25 million
Packaged foods and staples maker LT Foods has signed a definitive agreement to acquire 100% stake in Hungary-based processed and canned foods maker Global Green Europe Kft for ₹25 million via its European subsidiary...
Bankruptcy court approves KGS Sugar & Infra Corporation’s acquisition by Grainotch Industries
The National Company Law Tribunal (NCLT) has approved KGS Sugar & Infra Corporation’s acquisition by edible oil and spirit maker Grainotch Industries Ltd. Nashik-based KGS Sugar Infra Corporation has admitted...
CCI approves Tilaknagar Industries proposal to acquire Pernod Ricard’s Imperial Blue biz
Fair trade regulator CCI on Tuesday cleared home-grown alcoholic beverage maker Tilaknagar Industries’ proposal to acquire the Imperial Blue whisky business from the Indian arm of French liquor giant Pernod Ricard...
Mars set to win unconditional EU nod for $36 billion Kellanova deal, sources say
Candy and snacks giant Mars’ $36 billion bid to acquire Pringles maker Kellanova is set to clear a major hurdle by winning unconditional European Union antitrust approval, three people with direct knowledge of the...
