Agri-commerce company WayCool Foods on Friday announced that it is investing $5 million into Siddhi Vinayak Agri Processing, a fully integrated player in the potato supply chain ecosystem. The investment will allow both...
South Africa’s RFG to buy Pioneer’s frozen foods business
A subsidiary of South Africa’s food producer RFG Holdings Ltd will buy the frozen foods business of Pioneer Foods Wellingtons, save for any operations in Botswana and Eswatini, it said on Tuesday The leading...
CCI approves Heineken’s additional stake acquisition in United Breweries
Fair trade regulator CCI on Monday said it has approved Heineken International B.V’s proposed acquisition of an additional equity stake in United Breweries Ltd (UBL). This, however, is subject to the outcome of...
JM Financial Private Equity invests Rs 35 cr in Walko Food
A private equity fund managed by JM Financial has agreed to invest Rs 35 crore in a Pune based consumer packaged food company, Walko Food to fund the company’s current expansion plans. As part of the arrangement, JM...
Campari looking at Asia, U.S. for acquisitions -CEO to paper
Italian drinks group Campari is focused on both Asia and the United States as it presses on with its acquisition strategy and is targeting premium brands, its chief executive was quoted as saying on Monday. “Yes …...
Performance Food Group to buy peer Core-Mark in $2.5 billion deal
Grocery distributor Performance Food Group Co will buy peer Core-Mark Holding Co in a $2.5 billion deal including debt, in a move that would expand its business with convenience stores. Core-Mark shareholders would...
Food group Granarolo eyes M&A in U.S. after buying British unit
Italian dairy group Granarolo aims to grow through acquisitions and is looking at opportunities in the United States, where it needs a base to help expand its cheese business, Chairman Gianpiero Calzolari told Reuters...
General Mills beefs up pet foods division with $1.2 bln Tyson unit purchase
General Mills Inc said on Friday it would buy Tyson Foods Inc’s pet treats business for $1.2 billion in cash, as the cereal maker builds its pet food portfolio at a time people are increasingly adopting cats and...
Ruchi Soya announces acquisition of Patanjali’s biscuits biz for Rs 60 cr
Ruchi Soya Industries on Tuesday announced the acquisition of biscuits business from Patanjali Natural Biscuits Pvt Ltd (PNBPL) in a slump sale at Rs 60.02 crore. The company, in a regulatory filing, said its Board of...
Nashik-based York Winery to merge with Sula Vineyards
York Winery, a family-owned Nashik-based business, will soon merge with Sula Vineyards and become a wholly-owned subsidiary of Sula. Rajeev Samant, the founder CEO of Sula Vineyards, said the merger is a triple win —...
Indian-origin billionaire brothers buy popular UK fast food chain Leon
Indian-origin billionaire brothers Mohsin and Zuber Issa have acquired a popular British fast food chain, Leon, as part of what they described as their goal to grow their food service operations in Britain. The Issa...
Japan beermaker Asahi looks to halve debt after buying Australia assets
Japan’s Asahi Group Holdings said it will aim to halve its debt and forego overseas investments after spending $11 billion to buy the Australian operations of Anheuser-Busch InBev. “Basically, we are not considering any...
