Morgan Stanley’s private equity arm has been looking to sell all or part of its stake in Manna Foods as the business has struggled to grow sustainably and increase profits in recent years, three people familiar...
Mars to buy Pringles maker Kellanova for $36 billion in 2024’s biggest deal
Family-owned candy giant Mars is buying Cheez-It maker Kellanova in a nearly $36 billion deal, bringing together brands from M&M’s and Snickers to Pringles and Pop-Tarts in the year’s biggest deal to...
Tilray to buy four craft breweries from Molson Coors
Tilray Brands would buy four craft breweries from beer maker Molson Coors in a bid to expand business beyond its range of cannabis products, the company said on Tuesday. The pot producer would acquire Hop Valley Brewing...
AB InBev sale of Russian JV stake to Anadolu Efes rejected by authorities
Russian authorities have rejected Anheuser-Busch InBev and Anadolu Efes’ deal whereby the world’s top beer maker would sell its stake in their Russian joint venture to the Turkish brewer, the companies said...
Compass India acquires 70% stake in food services company ICS Foods
Food services and contract catering company Compass India Food Services, wholly-owned subsidiary of the $40 billion British Compass Group Plc, has acquired a 70% stake in Delhi-based food and beverages catering company...
Snickers maker Mars explores acquisition of Kellanova, sources say
Family-owned food giant Mars, whose candy brands include M&M’s and Snickers, is exploring a potential acquisition of Kellanova, maker of snacks such as Cheez-It and Pringles, according to people familiar with...
Adani Wilmar could add regional kitchen essential brands to portfolio, seeking wider market share
Edible oil maker Adani Wilmar Ltd said it could invest in regional companies in categories such as spices, condiments and ready-to-cook meals, aiming for a larger share of the packaged food market. “After we bought the...
Blackstone makes move for ₹40,000 crore entry into Indian snacks market, to acquire 51% stake in Haldiram’s: Report
Blackstone Inc., the American investment firm, is expected to bid nearly ₹40,000 crore for a 51 per cent stake in the iconic Indian snack brand Haldiram’s, Moneycontrol reported on Monday, July 29, quoting people...
Large California wine producer files for bankruptcy, to sell assets
Vintage Wine Estates, one of the largest U.S. wine producers, filed for Chapter 11 bankruptcy on Wednesday, citing overexpansion, too much debt and a surplus of grapes as wine drinkers emerging from pandemic lockdowns...
’Largest private equity buyout in India’: Blackstone in advanced talks to acquire controlling stake in Haldiram’s
Blackstone Inc. is in advanced talks with Haldiram’s, India’s largest family-run snacks business, to acquire a controlling stake in the company, Moneycontrol reported. The report quoted people aware of the...
Carlsberg to buy Britvic for $4.23 billion
Danish brewer Carlsberg agreed to buy London-listed soft drinks maker Britvic for 3.3 billion pounds ($4.23 billion) as part of a plan to expand in the non-alcoholic beverage market and reduce reliance on beer sales...
Jollibee Foods to take control of S.Korea’s Compose Coffee in $340 mln deal
The Philippines’ biggest fast-food chain Jollibee Foods will acquire a majority stake in South Korea’s Compose Coffee, as part of a deal valuing the target at $340 million, the company said on Tuesday...
