The merger of Tata Chemicals’ consumer business, which mainly includes the salt segment, with Tata Global BeveragesNSE -0.53 % will help the Tata group to focus on the consumer vertical, where its presence as a group...
Akashika Foods to take over Maiyas Beverages & Foods
Maiyas Beverages and Foods, founded by ready-to-eat food pioneer Sadananda Maiya, will now pass on to Akashika Foods, a Bengaluru-based firm, as per a resolution formula approved the National Company Law Tribunal (NCLT)...
Tata group plans to consolidate food and beverages under Tata Global
The $104-billion Tata group will kick off a new round of consolidation two months after it restructured operations under 10 verticals. The group may make an announcement on Wednesday about transferring the consumer...
French dairy major Lactalis looking for acquisitions in north India
France’s Lactalis plans acquisitions in northern India after bagging the dairy products business of Prabhat Dairy for Rs 1,700 crore and two other companies. The three acquisitions enabled Lactalis to do business...
Deepika Padukone invests in maker of Epigamia yogurt
Bollywood actress Deepika Padukone has invested in Drum Foods International Pvt. Ltd, the maker of flavoured yogurt brand Epigamia, as part of a strategic partnership that will also see her endorse the brand. The...
Kwality insolvency: Lenders to vote on deadline extension for submitting bids for resolution
Lenders of debt-ridden dairy firm KwalityNSE -1.65 % on Monday decided to carry out voting on extending the May 15 deadline for submitting the resolution plan by interested bidders, including Haldiram and Kotak group...
NZ’s Fonterra sells Tip Top ice cream to Froneri for $250 million
Dairy group Fonterra on Monday confirmed the sale of its New Zealand Tip Top ice cream business to UK-based Froneri for NZ$380 million ($250.3 million), as it looks to trim its portfolio and focus on international...
McDonald’s buys Vikram Bakshi’s 50% stake in Connaught Plaza Restaurants
McDonald’s India Pvt Ltd (MIPL) announced on Thursday that it has acquired full ownership of Connaught Plaza Restaurants Limited (CPRL) and that the latter is now wholly owned by MIPL and its affiliate McDonald’s Global...
McCain Foods buys stake in Brazil’s Serya, paving way for local frozen fries
McCain Foods SA, the world’s largest producer of frozen fries, has agreed to buy 70 percent of Brazilian firm Sérya for an undisclosed amount, in a deal that will allow the Canadian company to expand its footprint in...
Spain’s Gbfoods nears deal with CVC to buy Continental Foods
Spain’s Gbfoods, part of the family-owned Agrolimen group, has entered into exclusive final negotiations with private equity firm CVC to buy Continental Foods, the companies said on Thursday. Gbfoods said it made a...
Lenders approve Patanjali’s Rs 4,325 cr bid for Ruchi Soya
In its first major acquisition, Yoga guru Baba Ramdev-led Patanjali Ayurved walked away with debt-ridden edible oil firm Ruchi Soya NSE 3.47 % with a bid of Rs 4,325 crore, sources said. Patanjali acquired Ruchi Soya...
Brazil’s JBS buys pork processor Adelle for $60 million
Brazil’s JBS SA, the world’s largest meatpacker, said on Friday it closed a deal to buy local pork processor Adelle Indústria de Alimentos Ltda for 235 million reais ($59.8 million). In a statement, JBS said the deal...
