Amazon, Samara Capital’s bid to acquire More gets CCI’s nod

INDIA –The Competition Commission of India (CCI) has approved the Samara Capital-Amazon joint bid to acquire Aditya Birla Group’s supermarket chain More. CCI informed the approval of the proposal to Witzig Advisory Services, the entity where Samara and Amazon will invest and which is acquiring Aditya Birla Retail but however did not issue further elaborations…

ADM acquires remaining 50% stake in JV Gleadell, combines UK entities

UK – Archer Daniels Midland Company has announced that it has agreed to purchase the remaining 50% stake in Gleadell Agriculture Ltd, a company it jointly owns with InVivo. The deal includes Gleadell’s wholly owned subsidiary Dunns (Long Sutton) Ltd, which together with Gleadell will be merged with ADM Arkady, ADM’s UK destination marketing business,…

Azelis acquires Polish ingredients distributor, Euroconsultant Ltd

EUROPE – Azelis, a leading global supplier of speciality chemicals and food ingredients has announced that it has signed an agreement to acquire the Polish distributor of flavours, shelf life extenders, Euroconsultant Ltd. The deal whose purchase price has not been revealed, involves 100% shares in Euroconsultant with all employees joining the Azelis team. Euroconsultant…

Louis Dreyfus to exit dairy business as part of strategic focus

NETHERLANDS – The global agri-merchant firm, Louis Dreyfus Company B.V. has announced decision to exit its dairy business by mid-2019 as part of strategy to focus on core business operations. As one of the leaders in the world's agricultural product trade flows, the company is looking to exit non-core areas and focus on key product…

ADM secures right to distribute GSL’s tapioca starches in EMEA region

EUROPE - The Archer Daniels Midland Company (ADM) has announced a long term partnership with Thailand based tapioca starch producer, General Starch Limited (GSL), to distribute the range in Europe as well as the Middle East and Africa. The agreement gives ADM exclusive distribution rights of the GSL modified tapioca starch products, which it will…

United Spirits sells Four Seasons wines business to Grover Zampa Vineyards

INDIA – United Spirits Limited (USL), the Indian subsidiary of the global liquor company, Diageo has entered into a share purchase agreement for the sale of its entire equity share capital in its wholly owned subsidiary Four Seasons Wines (FSWL) to Grover Zampa Vineyards and Quintela Assets. The sale also includes all associated brands and…

Varun Beverages to acquire PepsiCo’s bottling operations in India

INDIA – The Indian based franchisee of carbonated soft drinks (CSDs) and non-carbonated beverages (NCBs), Varun Beverages Ltd (VBL) is in talks to acquire PepsiCo’s bottling, sales and distribution operations in the south and west India. According to an ET Retail report which mentioned two executives aware of the matter, the development involves PepsiCo’s carbonated…

Orkla buys Danish breakfast cereal brand Pama from PepsiCo

DENMARK – Orkla Foods Danmark A/S has entered into a definitive agreement to acquire the Danish breakfast cereal and well-known porridge brand, Pama from PepsiCo. The deal whose purchase price has not been disclosed include the trademark while transfer of employees or production facilities will not be included in the transaction. Orkla, through its wholly-owned…

ADM acquires Flotek’s consumer division Florida Chemical for US$175m

USA - Archer Daniels Midland company (ADM) has reached an agreement to acquire Winter Haven based producer and distributor of essential oils and citrus isolates, Florida Chemical Company (FCC) for a total consideration of US$175 million. The deal, subject to post-closing working capital and other adjustments will be funded in cash and expected to close in the…

China’s COFCO shuts down edible oil refining plant in Argentina

USA – China’s grain and commodity merchandiser has closed down a soybean and sunflower refining plant in Argentina blamed on trade and economic crisis in the country. The plant located in Lanus, Buenos Aires is said to have been struggling in operations, partly impacted by the U.S.-China trade war that has led to market and trade…