USA: Hershey to buy Amplify Snack Brands
Hershey, the US confectionery firm, is taking its first significant step beyond the chocolate category with the acquisition of snack food firm Amplify Snack Brands for $921 million. The deal “strengthens Hershey’s position in the snacking aisle and broadens its portfolio of innovative savory snacking brands”, the company said in a statement. The Amplify Snack Brands portfolio includes […]
USA: Campbell Soup to acquire Snyder’s-Lance
Campbell Soup, the leading US food manufacturer, has announced that it has entered into an agreement to acquire snacks firm Snyder’s-Lance in a deal worth $4.87 billion in cash. The deal, described as the largest in Campbell Soup’s history, is expected to create a combined entity with annual net sales in excess of $10 billion. Snyder’s-Lance […]
UK: Unilever announces sale of spreads business
Anglo-Dutch FMCG giant Unilever has completed the long-awaited sale of its spreads business, having secured a deal worth €6.825 billion ($8.04 billion) on a cash-free, debt-free basis with investment firm KKR. Unilever’s Spreads business includes brands such as Becel, Flora, Country Crock, Blue Band, I Can’t Believe It’s Not Butter, Rama and ProActiv. It operates across […]
USA: Becle to acquire Pendleton Whisky
Becle, the owner of the tequila brand Jose Cuervo, has announced that it is to acquire whisky brand Pendleton Whisky from spirits firm Hood River Distillers in a deal worth $205 million. Launched in 2003, Pendleton Whisky is described as one of the leading super-premium whisky brands in the USA and has an annual sales volume equal to […]
UK: Pioneer Foods to acquire Good Carb Food Company
Pioneer Foods UK, the UK division of the South African food manufacturer, has announced that it is acquiring UK cereal firm Good Carb Food Company. The transaction, which is effective immediately, sees Pioneer Foods UK acquiring 100% of the issued share capital of The Good Carb Food Company – owner of the market-leading Lizi’s granola brand – […]
India: Coca-Cola launches Maaza Gold
Soft drinks giant Coca-Cola is launching a new variant of its Maaza mango juice drink which will be sold under the name Maaza Gold, according to a report in the Economic Times. Maaza Gold is described as being a thicker and smoother version of the traditional mango drink, which has been available in India since […]
Belgium: Jumbo to open first store
Netherlands-based retailer Jumbo is set to expand beyond the Dutch market with the opening of a new store in Bree in Belgium. According to a report in Retail Detail, Jumbo will construct a 1,997 sq m building in a new retail park that project developer Immo Bree Invest is building in the town, which is […]
Egypt: Sonae looking to acquire Spinneys supermarkets – reports
Portuguese retail and telecoms conglomerate Sonae is reportedly in talks to acquire Egyptian supermarket chain Spinneys, which is currently owned by Abraaj Group. According to an article in Jornal De Negocios (citing Bloomberg), the owner of the Continente chain is in negotiations with Abraaj Group over a potential deal that would reportedly be concluded with […]
France: D’Aucy and Triskalia plan merger
French food cooperatives D’Aucy and Triskalia have announced plans for closer cooperation leading to an eventual merger, according to a report in Paysan Breton. The two groups, which are both based in the region of Brittany, said that the move would enable a combined group to become a “leading player, anchored in their local area”. The […]
Malaysia: Jacobs Douwe Egberts makes bid for coffee firm OldTown
Jacobs Douwe Egberts, the world-leading specialist coffee maker, has made a bid to acquire the entirety of OldTown, a leading Malaysian manufacturer of coffee products and operator of coffee shops. In a statement, OldTown said the proposed pre-conditional cash offer for all the issued ordinary shares of OldTown represented a total aggregate consideration of approximately […]