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...
Tata Consumer Products divests stake in Empirical Group, Southern Tea
Tata Consumer Products Limited (TCPL) on Thursday said its step-down subsidiaries in the US are divesting their entire stakes in Empirical Group LLC and Southern Tea LLC to their joint venture partner Harris Tea Company...
IFC picks up 4.55% for over 100 crore in Dodla Dairy
The World Bank Group entity International Finance Corporation (IFC) has picked up 4.55% stake in global private equity firm TPG-backed Dodla Dairy, the third-largest private dairy firm in South India, by investing over...
Jubilant FoodWorks sings deal with US-based restaurant brand Popeyes
Jubilant Foodworks Limited is all to introduce American multinational chain of fried chicken fast food restaurants ‘Popeyes’ to India. The popular Indian food services company “has entered into an...
Bankruptcy court admits insolvency plea against listed beverage firm Manpasand Beverages
The dedicated bankruptcy court has admitted the Corporate Insolvency Resolution Process (CIRP) against BSE-listed Manpasand Beverages Ltd. The Ahmedabad bench of the National Company Law Tribunal (NCLT) has appointed...
Diageo buys hard seltzer brand Lone River Ranch Water
Johnnie Walker whisky maker Diageo said on Monday it has acquired Far West Spirits LLC, the parent company of Lone River Ranch Water, as it looks to expand in the fast-growing hard seltzer category. Hard seltzer –...
Mexico’s Grupo Bimbo buys iconic bread brand Modern Foods
Home grown private equity fund Everstone Capital has sold its iconic bread brand Modern Foods to Mexico’s largest food and bakery company, Grupo Bimbo. Everstone’s bread and bakery platform Everfoods Asia...
