Varun Beverages Ltd, PepsiCo’s largest franchise bottler, on Wednesday said it has completed the acquisition of South Africa-based Beverage Company (BevCo) along with its wholly-owned subsidiaries. The acquisition...
Food company Annapurna Swadisht acquires ‘Arati’ edible oil brand for Rs 28 cr
Packaged food company Annapurna Swadisht Ltd on Wednesday announced that it has acquired the six-decade-old ‘Arati’ brand mustard oil from R R Proteins and Agro Ltd (RRPAL) for a consideration of Rs 28 crore...
Advent, CVC make joint bid for European pet food business owned by Cinven, FT reports
Private equity groups Advent International and CVC Capital have teamed up to bid for Partner in Pet Food (PPF), a maker of animal food owned by Cinven, the Financial Times reported on Sunday. The talks are ongoing...
Kedaara acquires Ice cream maker Dairy Day
Homegrown PE fund Kedaara Capital has acquired a majority stake in Dairy Classic Ice Creams (Dairy Day), a leading ice cream brand in South India. The Rs 1200-crore ($150-million) investment will also provide full exit...
Samara Capital eyeing 50% in Del Monte Foods as well as a minority stake in Godrej Tyson Foods
PE firm Samara Capital is in talks to acquire 50% in pasta and sauces maker Del Monte Foods from Bharti Enterprises as well as a minority stake in Yummiez frozen foods maker Godrej Tyson Foods, executives aware of the...
Campbell Soup completes $2.33 bln Sovos deal after delays
Campbell Soup has completed the acquisition of Rao’s Homemade-owner Sovos Brands, the U.S. packaged food maker said on Tuesday, weeks after receiving clearance from the Federal Trade Commission. The closing of the...
Convergent, Samara Capital to acquire 51.8% in Agro Tech Foods
Convergent Finance LLP and private equity firm Samara Capital will jointly acquire a 51.8% stake in Agro Tech Foods Limited from Conagra Brands, Inc. for $78 million (Rs 650 crore). The funds will pay another $44 mn...
Verlinvest Asia sells 8.34% stake, exits Sula Vineyards
Verlinvest Asia has exited Sula Vineyards after 14 years of investment in the company after it sold 8.34% stake in the company in the open market on Monday. Shares of the wine maker ended at 569.10 rupees on the NSE...
Reliance Consumer Products acquires Ravalgaon’s confectionery brands for Rs 27 crore
Reliance Consumer Products (RCPL) has acquired the trademarks, recipes, and all intellectual property rights of sugar-boiled confectionery maker Ravalgaon for Rs 27 crore, according to a stock market disclosure by...
Haldiram in talks to acquire majority stake in rival Prataap Snacks
Indian snacks maker Haldiram’s is in talks to acquire a majority stake in listed rival Prataap Snacks, which is valued at $350 million, to expand its presence in the potato chip market, two people with direct...
Danone to sell US organic dairy units to PE firm Platinum Equity
French food group Danone said it had signed an agreement to sell its premium organic dairy units in the United States to investment firm Platinum Equity. The sale of the Horizon Organic and Wallaby businesses is part of...
Egg producer Cal-Maine to buy Tyson’s chicken plant in Missouri
Egg producer Cal-Maine Foods said it had agreed to acquire a recently shut chicken broiler processing plant, hatchery and feed mill in Dexter, Missouri from Tyson Foods. Tyson, the largest U.S. meat producer by...
