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...
Tata Coffee, Tata Consumer Products merger to be effective from January 1
The scheme of arrangement between Tata Coffee Ltd (TCL), Tata Consumer Products Ltd (TCPL) and its wholly owned subsidiary TCPL Beverages and Foods Ltd (TBFL) will be effective from January 1, 2024. The scheme involves...
CLEAR Premium Water to acquire majority stake in KELZAI Volcanic Water
Package water company, CLEAR Premium Water, has announced that it has undertaken to acquire a majority stake in KELZAI Volcanic Water, known for its distinctive natural mineral water sourced from volcanic springs...
Pernod Ricard sells Becherovka bitter brand to Maspex – statement
French spirits group Pernod Ricard announced it would sell its Becherovka bitter brand and related assets, including a factory in the Czech town of Karlovy, to Poland’s Maspex Group. The deal is expected to close...
Varun Beverages to acquire PepsiCo’s South Africa bottler Bevco
Varun Beverages Ltd (VBL), one of PepsiCo’s largest franchise bottlers worldwide, announced the acquisition of South Africa-based Beverage Company (Bevco) along with its wholly-owned subsidiaries at an enterprise value...
ADM to acquire dairy flavor firm Revela Foods
Global grains merchant Archer-Daniels-Midland said on Monday it will acquire Revela Foods, a Wisconsin-based developer and manufacturer of dairy flavor ingredients and solutions, to bolster the company’s flavors...
Italy’s Campari to buy Courvoisier cognac in $1.2 billion deal
Italy’s Campari agreed to buy historic French cognac house Courvoisier from Beam Suntory for $1.2 billion, marking a big push into brandy with Campari’s biggest acquisition on record. The purchase of a top...
