Packaged foods and staples maker LT Foods has signed a definitive agreement to acquire 100% stake in Hungary-based processed and canned foods maker Global Green Europe Kft for ₹25 million via its European subsidiary...
Bankruptcy court approves KGS Sugar & Infra Corporation’s acquisition by Grainotch Industries
The National Company Law Tribunal (NCLT) has approved KGS Sugar & Infra Corporation’s acquisition by edible oil and spirit maker Grainotch Industries Ltd. Nashik-based KGS Sugar Infra Corporation has admitted...
CCI approves Tilaknagar Industries proposal to acquire Pernod Ricard’s Imperial Blue biz
Fair trade regulator CCI on Tuesday cleared home-grown alcoholic beverage maker Tilaknagar Industries’ proposal to acquire the Imperial Blue whisky business from the Indian arm of French liquor giant Pernod Ricard...
Mars set to win unconditional EU nod for $36 billion Kellanova deal, sources say
Candy and snacks giant Mars’ $36 billion bid to acquire Pringles maker Kellanova is set to clear a major hurdle by winning unconditional European Union antitrust approval, three people with direct knowledge of the...
Heineken to buy FIFCO businesses for $3.2 billion in Central America push
Dutch brewer Heineken said on Monday it will buy the beverage and retail businesses of Costa Rica’s Florida Ice and Farm Company for $3.2 billion in cash, boosting its presence across Central America. Heineken...
Glanbia to sell SlimFast US to Heartland Food Products group of US
Irish-based nutrition supplement maker Glanbia on Wednesday said it had agreed to sell its weight management brand SlimFast US to Heartland Food Products Group for an undisclosed sum. U.S.-based Heartland makes the...
Mount Everest Breweries acquires Cheers Breweries in ₹300 crore deal
Indore-based Mount Everest Breweries Limited (MEBL) has acquired Karnataka’s Cheers Breweries in a Rs 300 crore deal, marking its entry into the southern market. The move is part of MEBL’s plan to expand to 20 states by...
Kraft Heinz to split into two, unwinding merger that never paid off
Kraft Heinz will split into two companies, one focused on groceries and the other on sauces and spreads, it said on Tuesday, dismantling a packaged goods giant that never achieved the growth expected when it was formed...
Keurig Dr Pepper nears $18-billion deal for Dutch coffee company JDE Peet’s, WSJ reports
Keurig Dr Pepper is close to a roughly $18-billion deal to buy Dutch coffee company JDE Peet’s, the Wall Street Journal reported on Sunday, citing people familiar with the matter. The merged company plans to later...
Coca-Cola explores sale of Costa Coffee, source says
U.S. soft drinks company Coca-Cola is working with investment bank Lazard to review options, including a potential sale, of British coffee chain Costa, a source familiar with the matter told Reuters on Sunday. Coca-Cola...
Norwest Venture eyes a bite of Belgian Waffle
Global venture fund Norwest Venture Partners (NVP) is leading negotiations to buy into homegrown dessert and waffle chain The Belgian Waffle Co, after talks with ChrysCapital fell through last year, said people directly...
Tilaknagar Industries in talks to raise Rs 2,000 cr for Imperial Blue deal
Tilaknagar Industries, the maker of Mansion House brandy, is in talks with Standard Chartered, JP Morgan, and Nomura to raise about Rs 2,000 crore in debt to help finance its Rs 4,150-crore purchase of the Imperial Blue...
