The latest news, trends, analysis, interviews and podcasts from the global food and beverage industry
Mergers & Acquisitions
Kirin Holdings to sell stake in Myanmar Brewery for JPY 22.4bn
Kirin Holdings has agreed to sell its 51% stake in Myanmar Brewery back to the joint venture for JPY 22.4bn ($165.4m approx.).
Unilever sells Ben & Jerry's ice cream business in Israel
Unilever has sold off its Ben & Jerry's business in Israel to Avi Zinger, the owner of American Quality Products, the brand's current Israel-based licensee.
Nestlé Health Science to buy The Better Health Company
Nestlé Health Science has agreed to buy The Better Health Company, owner of Go Healthy and Egmont, from CDH Investments and founding shareholders.
Heineken to take control of Long Chuan Zuan Co brewery
Heineken has entered into an agreement with Sanyo Whisbih Group to take over majority ownership of the Long Chuan Zuan Co brewery in Taiwan.
Russian cheesemaker permitted to purchase PepsiCo's Wimm-Bill-Dann Beverages
The Federal Antimonopoly Service (FAS) of Russia has permitted cheesemaker Multipro TC to acquire PepsiCo-owned entity Wimm-Bill-Dann Beverages.
Mondelēz to purchase Grupo Bimbo’s Ricolino confectionery business
Mondelēz International has entered into an agreement to acquire Grupo Bimbo’s confectionery business, Ricolino, for approximately $1.3bn.
Weetabix Food Company buys Űfit maker Lacka Foods
Weetabix Food Company has acquired Lacka Foods, owner of the Űfit high-protein RTD shake brand, for an undisclosed amount.
Kerry acquires botanical extract supplier Natreon
Kerry has completed its acquisition of Natreon, a supplier of branded Ayurvedic botanical ingredients based in New Jersey, US.
Tate & Lyle to acquire Quantum Hi-Tech for $237m
Tate & Lyle has signed an agreement to acquire Quantum Hi-Tech, a prebiotic dietary fibre business in China, from ChemPartner Pharmatech for $237m.
Diageo agrees sale of Windsor whisky business to Bayside/Metis
Diageo has agreed to sell its premium Scotch whisky brand, Windsor, to Bayside/Metis for KRW 200 billion (approx. £124 million).
United Spirits to buy minority stake in Nao Spirits
United Spirits (‘Diageo India’) has announced an investment of INR 31.5 crores ($4.12m approx.) to acquire a 22.5% stake in Nao Spirits & Beverages.
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