Germany: Refresco to acquire Rhenser Mineralbrunnen
Refresco, the German beverage bottling company, has agreed to acquire the business operations of insolvent German mineral water and soft drinks producer Rhenser Mineralbrunnen. The agreement was reached following negotiations with Rhenser Mineralbrunnen’s provisional insolvency administrator, Alexander Jüchser, and managing director, Holger Sieck. A creditors’ committee has approved the transaction, which is scheduled to become […]
USA: Sazerac acquires Garrard County Distilling property
Tom Collins Distilling, an affiliate of Buffalo Trace owner Sazerac, has purchased the former Garrard County Distilling property in Lancaster, Kentucky. The spirits producer secured the 210-acre site with a successful bid of $20 million during a court-ordered auction. The property had previously been appraised at more than $27.9 million. Garrard County Distilling, which originally […]
Germany: Capri-Sonne forays into energy drinks
Capri-Sonne, the Switzerland-based beverage company, is expanding its portfolio in Germany with the launch of a new energy drink brand targeted at adults called Game On. Breaking away from traditional carbonated cans, Game On is a still energy drink packaged in a deposit-free, resealable 330ml pouch designed for flexible, on-the-go convenience. According to the company, […]
Malaysia: Umios to acquire Pet World International
Umios, the Japan-based food production and distribution company, has announced that its board of directors has resolved to acquire a 51% equity stake in Malaysian pet care holding company Pet World International (PWI). The transaction, valued at approximately ¥11,400 million ($71 million), will be executed through a newly established holding company. Following the acquisition, PWI […]
Brazil: Cencosud to acquire St. Marche
Cencosud, one of the largest retailers in the Americas, has entered into an agreement to acquire 100% of the operations of St. Marche, a premium specialty grocery chain based in Brazil. The transaction, executed through Cencosud’s wholly-owned subsidiary Cencosud Brazil Comercial Ltda., involves the acquisition of the supermarket business from Hortus Comercio de Alimentos S.A. […]
India: Honasa Consumer to acquire 58% stake in Fluence Pharma
Honasa Consumer, the company behind the Mamaearth personal care brand, has agreed to acquire a 58% stake in nutraceuticals business Fluence Pharma for an enterprise valuation of around 135 crore INR ($14.2 million). The move marks Honasa Consumer’s entry into the vitamins and dietary supplements space. Under the terms of the deal, which will be […]
Poland: Avallon MBO to acquire majority stake in Inglot
Avallon MBO, the Polish private equity fund, has agreed to acquire a majority stake in Inglot, the Polish cosmetics company. The transaction, which is subject to regulatory approvals, is expected to be finalised later in the year. Established over 40 years ago, Inglot operates a business model based on in-house production and independent product development, […]
Poland: Maspex acquires Karpackie Wody Mineralne
Maspex, the Polish food group, has agreed to acquire an 80% stake in Ukrainian water, beverage and snack manufacturer Karpackie Wody Mineralne. The transaction is estimated by industry experts to be worth between $30 million and $50 million. The deal represents Maspex’s first major production investment in the Ukrainian market. Under the terms of the […]
South Africa: Tiger Brands consolidates production with major new bakery
Tiger Brands, one of Africa’s largest listed food manufacturers, is constructing a large-scale bakery facility on South Africa’s East Rand to streamline its inland bread production network. The new facility represents a structural shift for the 105-year-old company as it modernises its milling and baking division. Designed to replace five to six older, less efficient […]
Australia: Danone to acquire MADE Group
Danone, the French dairy and drinks multinational, has entered into two definitive agreements to expand its presence in the Asia-Pacific (APAC) region. The company has agreed to fully acquire MADE Group, a fast-growing Australia-based nutrition company, and will also purchase the remaining 49% stake in its existing fresh dairy joint venture with Saputo Dairy Australia. […]