Kolkata-based Anmol Industries Ltd (AIL), which makes biscuits, cakes, cookies and rusks, has restarted discussions to sell a minority stake to raise $150-200 million, according to multiple people familiar with the...
Food and beverage
US private equity firm General Atlantic set to acquire 7% of Balaji Wafers for ₹2,500 crore
US private equity firm General Atlantic is in the final stages of buying a 7% stake in Balaji Wafers for ₹2,500 crore (approximately $282 million), valuing the Gujarat-based packaged ethnic snack maker at about ₹35,000...
Unilever expects to complete Magnum ice cream spin-off by December 6
Consumer goods group Unilever said on Tuesday it expects to complete the spin-off of its Magnum Ice Cream unit, after a delay because of the U.S. government shutdown, by December 6. The delay underscores the disruptions...
New Zealand’s Fonterra gets farmers’ approval for $2.42 billion consumer business sale
New Zealand dairy producer Fonterra Co-operative Group said on Thursday its farmer shareholders have agreed to the NZ$4.22 billion ($2.42 billion) divestment of its global consumer and associated businesses to French...
Heritage Foods acquires 51% stake in health ice cream maker Get-A-Way for Rs 9 crore
Dairy company Heritage Foods Ltd said on Monday it has acquired a 51 per cent stake in Peanutbutter and Jelly Pvt Ltd, which owns health-focused ice cream brand Get-A-Way, for Rs 9 crore. The acquisition is expected to...
LT Foods set to buy Hungary’s Global Green for Rs 25 million
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...
