South African Breweries gets nod to acquire Diageo’s Smirnoff franchise rights

SOUTH AFRICA – The Competition Commission has conditionally approved South African Breweries’ (SAB) bid to acquire franchise rights of Diageo’s Smirnoff ready-to-drink (RTD) brands in South Africa. This will see SAB, South African subsidiary world’s […]

AB InBev to sell Australian business to Asahi Group for US$11.3b

AUSTRALIA – AB InBev has agreed to sell its Australian business unit, Carlton & United Breweries (CUB) to Asahi Group Holdings, Ltd for AUD 16 billion (US$11.3 billion). As part of the transaction, AB InBev […]

Lactalis closes deal for Brazilian dairy company Itambe Alimentos

BRAZIL – French dairy group, Lactalis through its subsidiary Lactalis do Brasil has completed acquisition of Brazilian dairy processor, Itambé Alimentos SA. With the deal whose financial details were not disclosed, Lactalis said it would […]

Brazilian meat companies BRF and Marfrig end possible merger talks

BRAZIL – Brazilian meat processors, BRF SA and Marfrig Global Foods SA have called off negotiations for a possible merger as announced in May this year. The companies which were set to combine operations to […]

Mondi to invest US$573.12m in South Africa’s packaging business

SOUTH AFRICA – Multinational paper packaging group, Mondi Plc, will be investing US$573.12 (R8bn) in its South Africa business over the next five years. This is part of the groups restructuring policy that was approved […]

Campbell sells Kelsen snacks business to Ferrero affiliate for US$300m

DENMARK – Campbell Soup Company has agreed to sell its Kelsen Group business to a Ferrero affiliated company for US$300 million. Campbell said the divestiture of the Denmark-based baked snacks business would enable it reduce […]

Bosch to sell Packaging Technology business to CVC Capital

GERMANY – Robert Bosch GmbH, the multinational engineering and technology company plans to sell its Waiblingen-based packaging machinery business to a newly incorporated entity managed by CVC Capital Partners (CVC). Bosch and CVC have signed […]

ADM and Cargill agree to sell grain elevators in the US

USA – Multinational grain merchants, Cargill and Archer Daniels Midland Co. (ADM) have agreed to exchange ownership of some of their grain facilities in the US Midwest, a Reuters report reveals. The deal whose financial […]

Nampak eyes share buyback as sale of glass business nears

SOUTH AFRICA – Nampak, a South Africa based diversified packaging manufacturer, has said that it might use proceeds from the sale of its glass business to buy back shares from shareholders. In February, Nampak entered […]