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...
Italian dairy group Granarolo buys Calabro Cheese in the U.S
Italian dairy group Granarolo has bought U.S. cheese producer Calabro Cheese as part of its plan to expand its presence abroad, the company said in a statement on Monday. The group did not disclose the price of the...
US-based Dairy.com buys 100% stake in Mr Milkman in first India investment
US-based dairy technology, services, and intelligence provider, Dairy.com, has made its first investment in India with the acquisition of Mr Milkman, a last-mile dairy supply chain SaaS platform. The company has...
JSPL affiliate firm Sarda Mines is top bidder for Kwality Dairy
Sarda Mines, a company affiliated with Jindal Steel and Power Limited (JSPL), has emerged as the winning bidder for Kwality Dairy after the milk and dairy products manufacturer was put on auction through an e-bidding...
Jubilant Foodworks acquires 25% stake in nutrition company Wellversed
Jubilant Foodworks Ltd (JFL), a quick service restaurants operator and master franchise of brands such as Domino’s Pizza and Dunkin’ Donuts, on Thursday, said it has acquired 25 per cent stake in Gurugram...
McLeod Russel steps out of insolvency after settlement with creditor
The promoters of McLeod Russel India, the country’s largest tea producer in India, have reached a settlement with financial creditor, Techno Electric & Engineering, paving the way out of insolvency. Aditya Khaitan...
French dairy giant Lactalis may buy Kwality Dairy in fire sale
French dairy giant Lactalis is in talks to buy Kwality Dairy(now Kwality) in a fire sale as the company’s creditors have failed to reach a timely agreement on its debt resolution, forcing the National Company Law...
