India: Kandhari Global Beverages gets approval to acquire Coca-Cola bottling plant
Kandhari Global Beverages has received approval from the Competition Commission of India (CCI) to acquire a Coca-Cola bottling facility in northern Gujarat for 2,000 crore INR ($240 million). According to reports, the transaction supports Coca-Cola’s long-term goal of minimising its direct bottling footprint by placing regulatory compliance in the hands of Indian businesses and bottling […]
India: ITC to acquire 24 Mantra Organic brand
ITC, the Indian conglomerate, has announced that it has entered into a share purchase agreement to acquire 100% of the shares of Sresta Natural Bioproducts (SNBPL), the company behind organic food and drink brand 24 Mantra Organic, for 472.5 crore INR ($56.7 million). SNBPL offers over 200 products from staples to juices and ready-to-cook foods, ITC […]
Spain: Persan to acquire Mibelle Group
European multinational home care and personal care company Persan has acquired Mibelle Group to create one of the world’s largest players in private label and contract manufacturing. The acquisition of the Mibelle Group therefore fits “perfectly” in Persan’s growth strategy, Mibelle Group said in a statement, adding that both companies complement each other in terms […]
Germany: Harry-Brot to acquire Rewe subsidiary Glockenbrot
German bakery firm Harry-Brot has received approval from Germany’s national competition regulator to acquire Glockenbrot, a subsidiary of the retail group Rewe, as well as the company’s bakery in Bergkirchen, Bavaria. Glockenbrot, which has been owned by Rewe since 1986, operated bakeries in Bergkirchen and Frankfurt. Rewe shut the Frankfurt site before selling Bergkirchen to […]
Colombia: Jeronimo Martins to acquire 75 Colsubsidio supermarkets
Portuguese retailer Jeronimo Martins has received approval from Colombia’s antitrust authority to acquire 75 Colsubsidio supermarkets to boost its presence in Colombia to more than 1,500 outlets. In November last year, Colsubsidio announced that it would close all 104 of its stores by December due to declining performance and increased competition. The newly acquired stores […]
UK: Muller to acquire Biotiful Gut Health
Muller, the UK’s largest milk supplier and distributor, has announced it has agreed to acquire kefir brand Biotiful Gut Health, as it seeks to establish a presence in the functional health yoghurt and drinks segment. Founded in 2012, Biotiful produces a range of kefir and natural gut health products. Commenting on the deal, Muller’s yogurt […]
Germany: Arla to merge with DMK Group
International dairy company Arla has announced its intention to merge with DMK Group, Germany’s largest dairy cooperative . The merger will create the largest dairy cooperative in Europe with more than 12,000 farmers, ensuring “financial abilities to invest in the future of dairy”, the company said in a statement “The foundation of this partnership is […]
USA: Cal-Maine Foods to acquire Echo Lake Foods
Egg producer and distributor Cal-Maine Foods has signed an agreement to acquire breakfast food manufacturer Echo Lake Foods for approximately $258 million. Echo Lake Foods produces, packages, markets and distributes ready-to-eat egg products and breakfast foods, including waffles, pancakes, scrambled eggs, frozen cooked omelettes, egg patties, toast and diced eggs. The acquisition will allow Cal-Maine […]
UK: Eurovo to acquire majority stake in Two Chicks
Italian egg producer Eurovo has announced the acquisition of a majority stake in UK-based liquid egg white brand Two Chicks for an undisclosed sum. Founded in 2007, Two Chicks is claimed to be the first company to launch liquid egg whites in UK retail. Eurovo supplies eggs and egg products to over 5,000 customers in […]
USA: Diageo announces joint venture with Main Street Advisors
Alcoholic drinks giant Diageo has announced that the company has entered a strategic joint venture with investment and advisory firm Main Street Advisors involving the brands Ciroc Ultra-Premium Vodka and Lobos 1707 Tequila. In a press release, Diageo said it had exchanged majority ownership of Ciroc Ultra-Premium Vodka brand rights in North America for a […]