The latest news, trends, analysis, interviews and podcasts from the global food and beverage industry
Mergers & Acquisitions
Del Monte Foods selects buyers for core businesses following court-supervised auction
Del Monte Foods has selected three successful bidders for substantially all of its assets following a court-supervised auction process, setting the stage for the transition of its major business segments to new ownership.
MPearlRock acquires The Good Crisp Company to expand clean label salty snack portfolio
US investment firm MPearlRock has acquired The Good Crisp Company, a fast-growing, clean label salty snack brand known for reimagining classic snack formats with better-for-you attributes.
KDP’s $18bn JDE Peet’s bid signals new phase of consolidation in global coffee
Keurig Dr Pepper’s $18 billion bid for JDE Peet’s signals rapid coffee consolidation as record bean prices and supply shocks squeeze margins.
Coca-Cola abandons Costa Coffee sale - Financial Times reports
According to reports, Coca-Cola has halted its plans to sell Costa Coffee, the UK-based coffee chain that it acquired for $5.1 billion back in 2018.
Cottage cheese brand Good Culture secures investment from L Catterton
L Catterton has announced the acquisition of Good Culture, a rapidly growing cottage cheese brand, in a deal valued at more than $500 million.
The Compleat Food Group completes Greencore sauces and soups acquisition; appoints new UK managing director
The Compleat Food Group has completed the acquisition of Greencore’s sauces and soups business in Bristol, UK, following approval from the Competition and Markets Authority.
Kenya High Court allows regulatory steps to continue in Diageo-Asahi EABL deal
Kenya’s High Court has allowed regulatory reviews to proceed for Diageo’s $2.3 billion sale of its majority stake in East African Breweries Limited (EABL) to Asahi Group Holdings.
AB InBev to reacquire stake in US metal container operations for $3bn
The transaction is valued at approximately $3 billion and is expected to enhance AB InBev's operational control over its packaging facilities, which are critical to its supply chain.
Unilever to sell Indonesian tea business for $89m
Unilever Indonesia has agreed to divest its tea business in Indonesia, including the SariWangi brand, to Savoria Kreasi Rasa, a subsidiary of Djarum Group.
CMA fast-tracks AB Foods' Hovis acquisition to Phase 2 investigation
By bypassing the Phase 1 investigation, the CMA aims to expedite the process, benefiting both ABF and Hovis as they seek regulatory clearance for the acquisition.
Cizzle Brands acquires Flow Water in $60.63m deal
Canadian sports nutrition company Cizzle Brands has acquired 100% of Flow Water from RI Flow Sub in a transaction valued at approximately $83.75 million, subject to customary post-closing adjustments.
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