Allied Blenders and Distillers on Friday said its board has cleared a proposal to acquire assets of a non-operational distillery cum bottling facility in Uttar Pradesh from National Industrial Corporation for Rs 70...
Keurig Dr Pepper launches $18 billion takeover bid for JDE Peet’s
U.S. soft drinks giant Keurig Dr Pepper on Thursday launched its $18 billion all-cash takeover bid for coffee and tea group JDE Peet’s, setting the stage for a global coffee company that could rival market leader...
Uday Kotak’s family office acquires US snack brand Go Raw
USK Capital, the family office of billionaire banker Uday Kotak, on Tuesday acquired a US-based snacking brand, Go Raw. USK Capital has made the bet through the overseas direct investment route, which is its maiden...
Coca‑Cola scraps Costa Coffee sale, FT reports
Coca-Cola has abandoned plans to sell its Costa Coffee chain after offers from private equity firms came in below expectations, the Financial Times reported on Wednesday. The U.S. beverage giant ended talks with...
Annapurna snaps up 75% stake in Andri Agro
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...
