Danish brewer and beverage group Royal Unibrew has agreed to buy soft drinks maker Vrumona from Heineken for 300 million euros ($327 million), it said. Royal Unibrew said in a statement it expected to close the deal in...
CCL acquires six coffee brands from Lofbergs Group
India’s largest instant coffee manufacturer CCL Products (India) Ltd said it has acquired six coffee brands, including Percol, from Sweden-based coffee roasters Lofbergs Group. In a deal estimated to be around...
Bunge finalizing $30 billion-plus merger with Viterra – sources
U.S. grains merchant Bunge Ltd is putting the final touches on a deal to merge with Glencore Plc -backed peer Viterra and create an agricultural trading giant worth more than $30 billion, including debt, people familiar...
DS Group acquires chocolate brand LuvIt, to expand confectionary business
Dharampal Satyapal Group (DS Group) confirmed the acquisition of The Good Stuff, owner of chocolate and confectionary brand LuvIt. According to media reports, with this acquisition, the DS Group aims to expand its...
NCLAT set aside insolvency proceedings against McLeod Russel
The National Company Law Appellate Tribunal (NCLAT) has set aside the insolvency proceedings against leading bulk tea producer McLeod Russel following a settlement between the promoter and IL&FS Infrastructure Debt...
Pet food manufacturer Alphia explores sale – sources
Alphia is exploring options including a sale that could value the private equity-owned pet food manufacturer at over $1 billion, according to people familiar with the matter. Alphia, which is owned by J.H. Whitney &...
French group Avril in talks to buy Axereal animal feed business
French oilseed and protein group Avril said it was in exclusive talks with grain cooperative Axereal to buy all of its animal nutrition activities, which it then plans to combine with its animal feed unit Sanders. It...
Pluckk acquires Indian food-tech startup KOOK to enter DIY meal Kit market
Pluckk, a digital fresh food brand in the Fruits and Vegetables (F&V) space, has acquired the entire stake in KOOK for $1.3 million to be paid in cash and equity. Kook is an Indian food-tech startup that specializes...
Reliance Consumer ties up with Ceylon Beverage to co-pack and manufacture Campa cans
Reliance Consumer Products (RCPL) has entered into a strategic partnership with Ceylon Beverage International, one of the largest beverage can and filling companies in Sri Lanka promoted by former cricketer Muthiah...
Wipro Consumer Care set to buy foods brand Brahmins
Wipro Consumer Care and Lighting agreed to acquire Kerala-based packaged foods company Brahmins Foods on Thursday, building on its purchase of the Nirapara brand from the same region last year. Bengaluru-based Wipro...
McLeod Russel, IL&FS insolvency settlement likely in two weeks: Report
Tea major McLeod Russel India Ltd and IL&FS are currently engaged in negotiations towards an out-of-court settlement, which is expected to be reached within the next two weeks. The Brij Mohan Khaitan group company...
Tilaknagar Industries to buy 10% in Samsara Gin maker
Alcoholic beverages maker, Tilaknagar Industries Limited (TI) said it has agreed to buy 10% stake in Spaceman Spirits Lab (SSLPL) for Rs9.75 crore. The investment, in two tranches, will be through a combination of...
