Food Mergers and Acquisitions

:. Mergers and Acquisitions

Wessanen Sells Liberty Richter to World Finer Foods Utrecht, 20 November 2009 - The Executive Board of Royal Wessanen nv announces that Liberty Richter, based in Bloomfield, New Jersey (USA), has been sold to World Finer Foods (WFF), also based in Bloomfield, New Jersey, for an undisclosed amount, effective today. Tree of Life Inc., a subsidiary of Wessanen, owns 45.2% of WFF shares.

20/11/2009

Ferrero, Hershey Would Likely Break up Cadbury Nov 20 - Cadbury suitors Ferrero and Hershey would likely break the UK confectioner up into separate businesses if a mooted bid for the company succeeds, an Italian newspaper reported.
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20/11/2009

Ferrero Could Eye Cadbury Gum, Candy Unit Milan, Nov 20 - Italian chocolate maker Ferrero could be interested in Cadbury's gum and candy division, a unit worth about 5 billion euros ($7.4 billion), in a possible joint takeover bid, business daily Il Sole 24 Ore said on Friday.

20/11/2009

Fonterra Sells Stake in UK Joint Venture to Arla Nov. 20 – Fonterra Cooperative Group, the world's largest exporter of dairy products, has sold its stake in a joint venture to market Anchor products to the U.K.

20/11/2009

Any Ferrero Bid for Cadbury to be Friendly, Says Italian Source Milan, Nov. 19 - Any bid for UK confectioner Cadbury by Italian chocolate maker Ferrero would have to be friendly, an Italian source close to the matter told Reuters on Thursday.

19/11/2009

Nestle Professional to Acquire Vitality Foodservice Glendale, California, November 19, 2009 - Nestlé Professional today announced it has agreed to acquire Vitality Foodservice Inc., one of North America's leading beverage solution providers to the foodservice industry.

19/11/2009

Pinnacle Foods Acquires Birds Eye Foods for USD 1.3 Billion Mt. Lakes, N.J., Nov. 19 - Pinnacle Foods Group LLC announced today that it has signed a definitive agreement to acquire Birds Eye Foods, Inc. from a holding company controlled by Vestar Capital Partners, Pro-Fac Cooperative, and Birds Eye management in a transaction valued at $1.3 billion.
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19/11/2009

Brazil: Laep in Talks to Sell Dairy Plant to Nestle 19 November 2009 - Laep Investments Ltd., a fund that controls Brazilian dairy company Parmalat Brasil, is reportedly in talks with Nestle's Brazilian unit to divest a dairy plant for an estimated USD 59.3 million.

19/11/2009

Greencore to Sell Bottled Water Business to Highland Spring 19 November 2009 - Greencore Group plc today announces that it has agreed to sell its bottled water business to Highland Spring Limited.

19/11/2009

Symrise Acquires Futura Labs Group

19/11/2009

Penford Sells Australian Gluten and Starch Plant 18 November 2009 - The Australian branch of Penford Corporation, Penford Australia Pty, has sold its Tamworth, New South Wales, food ingredient plant to Grain Products Australia Proprietary Limited, which has committed itself to investing in the facility.

18/11/2009

EBRD Acquires Stake in Belarus Retail Chain, Owner of Buslik Baby Food 18 November 2009 - The European Bank for Reconstruction and Development has acquired a stake of over 25 percent in a group running Belarus' largest chain of supermarkets specialising in children's goods, West Ost Union Commercial Industrial Group JLLC.
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18/11/2009

Uniq to Sell Dutch Business Units to Gilde Equity Management for 20 Mln Euro 17 November 2009 - Uniq, the convenience foods group, today announces that it has reached agreement on the proposed sale of the Netherlands Business Units, with the Benelux investment group, Gilde Equity Management (GEM) Benelux ("Gilde"), for a total enterprise value of Euro 20.0 million (£18.0 million), payable on completion.

17/11/2009

CEDC to Buy Rest of Russian Alcohol for $510 Mln Moscow, Nov 16 - Polish vodka maker Central European Distribution Corp is set to take 100 percent control of Russian Alcohol by the end of 2009 in an agreed deal which could pave the way for consolidation of assets in its main market.

17/11/2009

Rieber & Son to Sell Marine Savoury Business to Seagarden Bergen, 17 November 2009 - Rieber & Søn ASA has signed an agreement to divest its marine savoury business. Seagarden ASA has acquired this business.

17/11/2009

Bristol-Myers Shares Rise on Plan to Divest Mead Chicago, Nov 16 - Shares of drugmaker Bristol-Myers Squibb Co's rose nearly 5 percent on Monday, a day after it said it would spin off its 83 percent stake in infant nutrition company Mead Johnson Nutrition Co.

17/11/2009

Berkshire Buys Nestle, Exxon; Ups Wal-Mart Stake New York, Nov. 16 - Billionaire Warren Buffett's Berkshire Hathaway Inc Monday revealed new investments in Nestle AG and Exxon Mobil Corp and that it has nearly doubled its investment in Wal-Mart Stores Inc.

17/11/2009

China: Andre Juice Increases Stake in Pectin Producer 16 November 2009 - Chinese apple juice concentrate maker Yantai North Andre Juice Co. has announced that it will increase its stake in Andre Pectin, a pectin-producing subsidiary, from 30% to 40% for RMB 25 million (USD 3.6 million).

16/11/2009

Casino Buys Out Baud Family's Minority Interests in Franprix and Leader Price Saint Etienne, 13 November 2009 - On 12 November, Casino acquired the Baud family's remaining stakes in Franprix and Leader Price, respectively 5% and 25%, for a total of Euro 428.6 million. The Group now holds 100% of the two companies' capital.

16/11/2009

Olam Secures Additional Almond Assets in Australia

16/11/2009

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