Food group Nestle on Friday said it had bought U.S. meal delivery company Freshly in a deal valuing it at $950 million, with further potential payments or “earnouts” of up to $550 million. The purchase marks another...
Coca-Cola’s European partner makes $6.6 billion play for Australia bottler
The Coca-Cola Co’s European bottler has made a A$9.28 billion ($6.6 billion) buyout approach for Australian peer Coca-Cola Amatil Ltd, a cut-price proposal that the target firm has backed due to uncertainty...
Dunkin’ Brands discuss potential sale to Inspire Brands
Dunkin’ Donuts and Baskin Robbin’s chains owner Dunkin’ Brands Group Inc has held preliminary discussions to be acquired by Inspire Brands, a private equity-backed restaurant company, Dunkin’...
Nestle kicks off $5 billion sale of Pure Life, other water brands, sources say
Nestle has kicked off the sale of its North American water brands including Pure Life and Poland Spring, according to four sources familiar with the matter, as the world’s largest food group continues to exit slow...
Danone to sell remaining 500 million euro stake in Japan’s Yakult
Danone on Tuesday said it would sell its remaining 6.6% stake in Japanese probiotic yogurt maker Yakult Honsha in a move that will strengthen the French food group’s balance sheet. The stake, which analysts...
Israeli baby formula maker Else to complete share offering this week
Israel’s Else Nutrition, which has developed a plant-based infant formula not made from soy, plans to complete a C$25.7 million ($19.3 million) private placement of its shares this week, its chief executive said...
New Zealand’s Fonterra to sell China dairy farms for $368 million to focus on home markets
New Zealand’s Fonterra said on Monday it has agreed to sell its farms in China for a total of NZ$555 million ($367.97 million) as the dairy producer continues to focus on the domestic market and reduce debt. The...
Finland’s Altia ties up with Norway’s Arcus in liquor, wine merger
Finnish alcoholic drinks maker and distributor Altia has agreed to buy Norwegian rival Arcus in an all-share deal, the two companies said on Tuesday. Altia’s current shareholders will own 53.5% of the combined group...
U.S. approves Anheuser-Busch deal to buy Craft Brew Alliance
The U.S. Justice Department said on Friday it approved Anheuser-Bush’s plan to buy the shares of Craft Brew Alliance that it does not already own. The $220 million deal, which was announced in November, was...
Mexico’s Grupo Bimbo eyes majority stake in Modern Foods business
Mexico’s largest food and bakery company, Grupo Bimbo is in preliminary discussions to acquire a majority stake in Everfoods, the packaged foods platform owned by private equity firm Everstone Capital, two people aware...
Beer market may see acquisitions, entry of new players despite Covid: UBL
United Breweries Ltd (UBL), which owns the popular Kingfisher brand of beer, is expecting further acquisitions and entry of new players in the Indian beer market, despite disruptions due to COVID-19 and higher taxes by...
NCLAT sets aside insolvency proceedings against Sarda Agro Oils
The National Company Law Appellate Tribunal (NCLAT) on Friday set aside the insolvency proceedings initiated against Telangana-based Sarda Agro Oils citing that claims were filed by the lender three years after...
