The latest news, trends, analysis, interviews and podcasts from the global food and beverage industry
Mergers & Acquisitions
Mars’ $36bn Kellanova deal clears FTC, but EU investigation looms
Mars' proposed acquisition of Kellanova has received a crucial endorsement from the US Federal Trade Commission, but now faces scrutiny from the European Commission.
Danone acquires gut health specialist The Akkermansia Company
Danone has acquired Belgian biotics firm The Akkermansia Company (TAC).
Arla and DMK Group merger approved by company boards
The decision-making boards at Arla Foods and DMK Group have voted in favour of the merger of the two companies, which was announced earlier this year.
Diageo India acquires Indian craft gin maker Nao Spirits for $15.2m
Diageo India (United Spirits Limited) has announced the acquisition of a majority controlling stake in Nao Spirits, the Indian craft distiller behind popular gin brands Greater Than and Hapusa.
Mars' $36bn Kellanova acquisition faces EU antitrust investigation – Reuters
According to reporting by Reuters, global snack giant Mars’ $36bn takeover bid for Kellanova is set to face a full-scale EU antitrust investigation which could require Mars to divest assets.
Bega Cheese seeks informal regulatory clearance for potential Fonterra Oceania acquisition
Australian dairy group Bega Cheese has confirmed it is seeking informal regulatory approval for its potential acquisition of Fonterra’s Oceania business.
Almarai signs agreement to acquire Pure Beverages in $277m deal
Saudi Arabian F&B group Almarai Company has signed an agreement to acquire water company Pure Beverages Industry Company in a deal valued at SAR 1.04 bn (approx. $277m).
JM Smucker navigates challenges following Hostess acquisition
The JM Smucker Company is grappling with operational and financial challenges as it integrates Hostess Brands, which it acquired in November 2023.
Krispy Kreme completes sale of Insomnia Cookies stake
Krispy Kreme has finalised the sale of its remaining ownership stake in Insomnia Cookies, a move that underscores the company's commitment to financial restructuring and strategic growth.
High Liner Foods to acquire Mrs Paul's and Van de Kamp's frozen fish brands from Conagra for $55m
High Liner Foods has agreed to acquire the Mrs Paul’s and Van de Kamp’s frozen breaded and battered fish brands from Conagra Brands for $55 million, including around $36 million in inventory.
Cargill acquires full ownership of Australian beef producer Teys Investments
Cargill has announced its agreement to acquire 100% ownership of Teys Investments, an Australian beef producer. This acquisition marks a significant transition in ownership, as Teys has been jointly owned by the Teys family and Cargill for the past 14 years.
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