Nestle SA agreed to sell its bottled-water business in the U.S. and Canada to private-equity firm One Rock Capital Partners for $4.3 billion, as the food giant continues to revamp its portfolio. The sale to One Rock...
Tata Consumer Products to buy maker of Soulfull cereals
Tata Consumer Products Ltd (TCPL) on Tuesday said it has signed a definitive agreement to acquire a 100% stake in Kottaram Agro Foods—the maker of Soulfull brand of breakfast cereals and millet-based snacks. The company...
LT Foods picks 30% stake in Netherlands-based Leev through subsidiary
LT Foods Ltd, which sells packaged rice under the Daawat, Heritage and Royal brands, on Wednesday said it has acquired a 30% stake in Leev.nu, a Netherlands-based packaged foods company, through its subsidiary Nature...
NCLT passes order to liquidate dairy firm Kwality
The National Company Law Tribunal ( NCLT) has directed to liquidate debt-ridden dairy firm Kwality Ltd after the company failed to finalise any bidder within the specified time-frame. The NCLT had directed to initiate...
AB Inbev merges with Vietnam’s SAB beer- state media
Anheuser-Busch InBev, the world’s largest beer maker, has merged Vietnam’s SAB Beer after having received the approval from the Ministry of Industry and Trade, state media reported. Vietnam, with a population of nearly...
Japan’s Kirin to invest $30 million in maker of Indian craft beer Bira
Japan’s beer maker Kirin Holdings will invest $30 million in New Delhi-based B9 Beverages, the companies said on Monday, as it seeks to secure a spot in India’s growing craft beer market amid falling sales...
Mondelez to buy rest of chocolate-bar maker Hu – WSJ
Mondelez International Inc is nearing a deal to buy Hu Master Holdings in a transaction that values the chocolate-bar maker at more than $250 million, the Wall Street Journal reported Monday, citing people familiar with...
Jubilant Foodworks to acquire 10.76% stake in Barbeque-Nation Hospitality
Jubilant Foodworks Ltd (JFL), which operates fast food chains Domino’s Pizza and Dunkin’ Donuts in India, on Thursday said it will invest Rs 92 crore into Barbeque-Nation Hospitality Ltd (BNHL) for a 10.76...
Apollo-led group to buy stake in AB InBev’s U.S. can plants for $3 billion
Apollo Global Management Inc said on Wednesday a group of institutional investors led by the private-equity firm would buy a 49.9% stake in Anheuser-Busch InBev’s U.S.-based metal container plants for about $3 billion...
Slurrp Farm raises $2 million from Fireside Ventures to expand product portfolio
Gurugram-based Slurrp Farm, a start-up offering healthy snacks and mealtime options for young children, raised $2 million in a Series A round from Fireside Ventures, it said Wednesday. Fireside is a multi-stage venture...
UK’s Cranswick in talks to buy Harringtons owner Inspired Pet Nutrition
Cranswick Plc on Wednesday confirmed it was in talks to buy pet food brand Inspired Pet Nutrition as the meat processor looks to expand its dog food operations. The company, which houses brands like Simply Sausages...
Pot producer Aphria to buy beer maker Sweetwater for $300 million in U.S. push
Aphria Inc said on Wednesday it plans to buy craft brewer SweetWater Brewing Co for $300 million as it looks to expand into the United States while becoming the first major pot producer to enter the alcoholic beverages...
