Sundrop Brands announced that the board of Del Monte Foods (DMF / Transferee Company), a material wholly-owned subsidiary company and Del Monte Foods India (North) (DMFN / Transferor Company), the wholly-owned...
Food and beverage
Varun Beverages’ Kenya arm to acquire DFIL Kenya’s dairy, juice and packaged water business for $32 million
Varun Beverages (VBL) has announced that its subsidiary, VBL Industries (Kenya), has entered into an agreement to acquire the value-added dairy beverages, juices and packaged drinking water business of Devyani Food...
Danone to buy Australia’s food and beverage company MADE Group
French food giant Danone said on Monday it will acquire Australian company MADE Group for an undisclosed amount, strengthening its dairy business in the Asia-Pacific region. In a statement, Danone added it would...
Forever Global Enterprises acquires Dhampur Bio Organics’ Meerganj facility for INR 305 crores, marking entry into Uttar Pradesh’s sugar sector
Forever Global Enterprises Limited (FGEL) announced the successful completion of its acquisition of the Meerganj unit of Dhampur Bio Organics Limited (NSE: DBOL). The deal was made on a slump sale basis as a going...
UK’s competition watchdog clears ABF’s Hovis takeover
Britain’s competition watchdog cleared Associated British Foods’ acquisition of rival Hovis on Tuesday, after finding that ABF’s bakery division would likely exit the market entirely if the deal did...
Cupid Breweries to acquire United Spirits’ alcobev unit in Odisha for Rs 22.5 crore
Cupid Breweries and Distilleries has announced it will acquire an operational alcoholic beverage manufacturing unit from Diageo-controlled United Spirits Ltd (USL) in Odisha for Rs 22.5 crore as part of its expansion...
Gujjubhai Industries Completes Strategic Merger to Unlock Shareholder Value, Promoter Holding Rises to 63.75%
Gujjubhai Industries Limited (BSE: 532070), formerly known as Sumuka Agro Industries Limited, has successfully completed the merger of Gujjubhai Foods Private Limited with the Company, creating an integrated platform...
Nestle buys out yfood Labs founders in first acquisition for new CEO
Nestle will fully acquire the smart food brand yfood Labs from its founders, a statement said on Wednesday, the first acquisition for the world’s largest packaged food company under new CEO Philipp Navratil...
Jack Daniel’s maker rejects $15 billion buyout offer from rival Sazerac, source says
Brown-Forman has rejected a $32-per-share cash takeover offer from U.S. spirits maker Sazerac, according to a source familiar with the matter, weeks after talks between the Jack Daniel’s maker and France’s...
Zappfresh in talks for majority stake in GM Foods
Direct-to-consumer fresh meat, seafood and snacks delivery company Zappfresh, owned by DSM Fresh Foods, is in talks to acquire a majority stake in Sonipat-based GM Foods in Haryana, which makes ready-cook breakfast...
India’s John Distilleries open to further stake sale to Sazerac, founder says
John Distilleries is open to selling more, and potentially all, of its founder’s remaining stake to U.S. spirits group Sazerac, following an earlier round valuing the Indian liquor maker at about 40 billion...
AB Foods to spin off Primark in bid to unlock group’s value
Associated British Foods plans to spin off Primark from its food businesses, telling investors on Tuesday that the fashion retailer will be better positioned to grow on its own. AB Foods said financial markets will...
