German private equity firm, Deutsche Beteiligungs (DBAG) is looking to have a major presence in the European chilled convenience product market after agreeing to acquire Abbelen and Oscar Mayer through its top-up fund, DBAG Fund VII. ...
Tags: ready meals, snacks
Danone has agreed to divest one of its US dairy subsidiaries, Stonyfield, to secure approval from US antitrust authorities for its $10bn acquisition of soy-milk maker WhiteWave Foods. The French dairy giant has reached an agreement in ...
Japanese beer maker Asahi Group said it will take on EUR7.4bn in bank loans to finance its purchase of SABMiller's former Central & Eastern European beer assets. Asahi said its board agreed to the loan, from Japan's Sumitomo Mitsui and ...
Tags: beer, Asahi Group
Lait Kaiser and Cult Yogourt have agreed to acquire Chagnon Dairy, an independent creamery and milk brand based in Quebec, Canada. Chagnon has been processing and selling milk, butter, ice cream and other dairy products for 62 years and ...
JBS USA has agreed to acquire Plumrose USA, the bacon and deli-meats business of Denmark's Danish Crown, for $230m. The acquisition is in line with JBS' plans to diversify its product portfolio and expansion of prepared foods and branded ...
Tags: deli-meats, bacon
US chip giant Intel has agreed to acquire Israeli driverless technology company Mobileye in a deal worth about $15.3bn. Intel has agreed to pay about $63.54 per share under the deal, which is expected to close by the end of this year. ...
US Foods has agreed to acquire Birmingham, Alabama-based SRA Foods, a meat processor and distributor having yearly sales of around $80m. Family owned since 1940, SRA started out as a butcher shop in Birmingham. Today, SRA Foods occupies a ...
Italian confectionery giant Ferrero International has agreed to acquire US-based Fannie May Confections Brands from 1-800-Flowers.com for $115m in cash. The deal also includes Fannie May's subsidiaries Fannie May Confections and London ...
American food giant Conagra Brands has agreed to acquire Thanasi Foods, which makes Duke's meat snacks and BIGS seeds. The financial terms of the transaction were not disclosed by the parties. Based in Colorado, Thanasi Foods is a small ...
Tags: Seed Snack, Meat
Ajinomoto has agreed to invest $15m in Israeli plant-based protein company Hinoman. Ajinomoto has also agreed to acquire the exclusive sales rights in Japan for Mankai, Hinoman Ltd.’s high-protein plant material with extraordinary ...
Bonduelle has agreed to acquire Ready Pac Foods, the US producer of convenience fresh meal solutions, salads and fresh cut produce. The transaction is expected to close by the end of March 2017 following routine regulatory reviews and ...
Tags: Bonduelle, Ready Pac Foods
Glanbia Co-op has proposed to create a strategic joint venture named Glanbia Ireland encompassing Glanbia Ingredients Ireland, Consumer Products & Agribusiness. Glanbia Co-op also proposes a €100m “spin-out” of Glanbia ...
Tags: Glanbia, Premier Milk
Private equity firm Kohlberg & Company has agreed to acquire Pexco, a North American specialty plastics manufacturer, from Odyssey Investment Partners. Upon completion of the deal closes, Pexco will merge with Kolhberg portfolio company ...
Tags: Kohlberg, specialty plastics
French automaker PSA Group is in talks to acquire the European operations of General Motors' (GM) business, including the Vauxhall and Opel brands. PSA and GM have earlier had a close alliance, working together on three projects since ...
Waymo has filed a lawsuit against Uber and its subsidiary Otto for allegedly stealing key parts the self-driving technology. The self-driving subsidiary of Google claims that one of its former employees Anthony Levandowski had downloaded ...
Tags: Waymo, Self-Driving Technology