Beer maker United Breweries Ltd (UBL) has approached the appellate tribunal NCLAT against Rs 751.8 crore penalty imposed on the company by the fair trade regulator CCI. The Competition Commission of India on September...
Cargill acquires Nellore-based edible oil refinery
Edible oil maker Cargill has acquired an edible oil refinery located in Nellore, Andhra Pradesh. The $35 million investment to acquire and upgrade the facility will “significantly” expand Cargill’s edible...
South Africa’s Bakers biscuit owner AVI in deal talks with Oreo maker Mondelez
South African food producer and fashion retailer AVI Ltd said on Wednesday it is in talks with Oreo cookie maker Mondelez International regarding a potential sale of its snacks and biscuits business. The Choice Assorted...
U.S. Justice Department files lawsuit to stop sugar merger
The U.S. Justice Department said on Tuesday it has filed an antitrust lawsuit aimed at blocking U.S. Sugar Corp from buying rival Imperial Sugar Co, a deal the government said could drive up the price of sugar for...
Unilever to sell Lipton Tea owner to CVC Capital for $5 Billion
Unilever Plc, the owner of Lipton and PG Tips, agreed to sell some tea assets to buyout firm CVC Capital Partners in one of the year’s biggest carveouts by a European company. The transaction values the business at 4.5...
Carlyle agrees to buy S.Korea coffee chain from PE fund Anchor
Carlyle Group said on Friday an affiliate had agreed to acquire South Korean coffee and cake chain A Twosome Place Co Ltd from private equity fund Anchor Equity Partners. A Carlyle spokesperson declined to comment on...
Wingreens Farms raises $17 mn in funding led by Investcorp
Packaged food and beverage company Wingreens Farms Pvt. Ltd, on Monday, said it has raised ₹124 crore (about $17 million) as a part of its equity fundraise led by Investcorp. The round also saw participation from...
Heineken to buy S.Africa’s Distell and Namibian Breweries
Dutch brewer Heineken said on Monday it planned to take control of South Africa’s Distell Group Holdings and Namibia Breweries Ltd to form a southern Africa drinks group worth 4 billion euros ($4.6 billion). The...
Tata Consumer Products to acquire Tata SmartFoodz for ₹395 crore
Tata Consumer Products Limited (TCPL) has signed definitive agreements to acquire 100% shares of Tata SmartFoodz Limited (TSFL) from Tata Industries Limited for a cash consideration of ₹395 crore. This move is...
Coca-Cola to fully acquire Gatorade rival BodyArmor for $5.6 billion
Coca-Cola Co said on Monday it would buy the remaining stake in BodyArmor it did not already own for $5.6 billion, as the soda maker amps up its sports drink portfolio to take on market leader, PepsiCo Inc’s Gatorade...
JFL to acquire stake in Thrive platform Hashtag Loyalty
Food services company Jubilant Foodworks Ltd (JFL), operator of Domino’s Pizza and Dunkin Donuts, has entered into a share purchase agreement to acquire 35% stake in Hashtag Loyalty for Rs 24.75 crore, the company said...
CG Foods to acquire Gallina Blanca’s Russia and CIS businesses
CG Foods, maker of popular noodles Wai Wai, on Tuesday said it has signed a deal to acquire the Russia and CIS businesses of Spain-based GBfoods. The financial details of the transaction were not disclosed. A binding...
