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...
Superfood startup Nourish You acquires vegan brand One Good
One is into superfoods, the other is into vegan fare. Both have unusual names, love animals and want to save the planet. And now, the superfoods maker has gobbled the vegan brand. Superfood startup Nourish You on...
Jubilant Foodworks to acquire majority stake in DP Eurasia for EUR 73.36 million
Jubilant Foodworks Ltd announced plans to acquire an additional 51.16 per cent stake in DP Eurasia NV, the exclusive master franchisee of the Domino’s Pizza brand in Turkey, Azerbaijan, and Georgia. The...
Sebi moves SC over SAT order in Diageo’s United Spirits buy
The Securities and Exchange Board of India (Sebi) has moved the Supreme Court (SC) challenging an appeals court verdict in British alcoholic beverage maker Diageo Plc’s 2012 acquisition of United Spirits Ltd (USL), a...
Coca-Cola’s bottling arm in talks to sell some units
Hindustan Coca-Cola Beverages (HCCB), the bottling arm of Coca-Cola, is in the final stages of negotiations to sell some of its largest bottling facilities in the north, northeast and parts of west to three independent...
McLeod Russel to sell Vietnam tea unit for USD 2.15 million
Bulk tea producer McLeod Russel India Ltd said the company would sell its Vietnam unit, Phu Ben Tea Company Ltd, for USD 2.15 million. The company would sell the entity to TLK Agriculture Joint Stock Company (TLK). The...
NCLT dismisses insolvency petition filed against Bajaj Hindusthan Sugar
National Company Law Tribunal has dismissed an insolvency petition filed against Bajaj Hindusthan Sugar Limited as per an order uploaded on its website late Wednesday. The petition was originally filed by State Bank of...
Ketel One owner offers $285 mln for Dutch gin maker Lucas Bols
The maker of Ketel One vodka has launched a management-backed offer to buy Dutch gin and spirits maker Lucas Bols for 269.5 million euros ($284.51 million), the companies said on Monday. The Nolet Group, also of the...
Krispy Kreme looks to sell Insomnia Cookies unit
Krispy Kreme is exploring options for its Insomnia Cookies unit including a sale, the company said on Tuesday, as it renews its focus on its main business of selling doughnuts. The move comes at a time when several U.S...
Shree Renuka to acquire 100% stake in Anamika Sugar Mills for Rs 235 cr
Shree Renuka Sugars said it has entered into an agreement to acquire a 100 per cent stake in Anamika Sugar Mills for Rs 235.5 crore. Renuka Sugars is one of the leading sugar firms in the country. In a regulatory...
