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…

Delta Corporation acquires United National Breweries from Diageo

SOUTH AFRICA - Diageo announced that it has entered into an agreement for the sale of South Africa’s United National Breweries (UNB), a maker of sorghum-based traditional African beer to Delta Corp of Zimbabwe, reports Beverage Industry News. The British-based alcoholic beverage firm said that the transaction is subject to regulatory approval and expected to…

Cargill to sell global malt business to French cereals firm Axereal

FRANCE – Global agribusiness giant has said that it has agreed to sell its malt business to France-based cereals cooperative Axereal’s malt subsidiary, Boortmalt. The transaction involves the global malt business, including 15 facilities across four continents, representing more than 500 people. The acquisition strengthens Boortmalt’s capacity and capability in serving the brewing industry across…

Coca-Cola completes US$5.1b acquisition of Costa coffee from Whitbread

The Coca-Cola Company has announced that it has completed the acquisition of Costa coffee from Whitbread Plc in a transaction pegged at US$5.1 billion following the approval from regulatory authorities in the European Union and China. With the deal, Coca Cola will benefit from Costa’s scalable platform across multiple formats and channels from the existing…

Dairy Farmers of America agrees to acquire Agropur’s Minnesota facility

USA – The Dairy Farmers of America (DFA) has entered a definitive agreement to acquire Agropur-owned production facility in St. Paul, Minnesota to strengthen presence in the United States. The acquisition will expand the farmer-owned cooperative’s extended shelf-life capabilities and introduce aseptic processing into its business portfolio. The firms said that the transaction, which is…

FrieslandCampina acquires Spanish cheese distributor Millan Vicente

EUROPE – The Dutch multinational dairy cooperative,FrieslandCampina has said that it has acquired Spain based cheese co-packer and distributor Millan Vicente to strengthen its position as a cheese supplier to Spanish and Portuguese consumers. As part of the transaction, Millan Vicente will be fully integrated in the Iberian business of FrieslandCampina. Millan Vicente was founded…

Heineken buys majority stake in Spanish craft brewer La Cibeles

EUROPE – The Dutch brewing company, Heineken has acquired a 51% majority stake in Cervezas La Cibeles, a Spanish microbrewery for an undisclosed amount. With the transaction, Heineken aims to boost the brand’s distribution and export capacity. Based in Madrid, Cervezas La Cibeles is a microbrewery producing small range of artisan beer, with an annual…

FrieslandCampina acquires US cheese distributor Jana Foods

USA – Global dairy company, FrieslandCampina has announced that it has acquired US based importer and distributor of cheese, Jana Foods for an undisclosed amount. The acquisition builds the already existing relationship between FrieslandCampina and Jana Foods and further strengthens the former’s position in supplying Dutch specialty cheese to the US consumer. Jana Foods imports…

GrainCorp receives US$2.4b buyout offer from Long-Term Asset Partners

AUSTRALIA – GrainCorp, Australia’s leading grain and commodities trading company has received a US$2.4 billion buyout offer from Long-Term Asset Partners Pty Ltd (LTAP). The indicative offer involves control of 100% of the shares in GrainCorp for cash consideration of US$10.42 per share. According to GrainCorp Board, the proposal is subject to a number of…

Lactalis increases stake in Italian dairy Parmalat to 95.81%

ITALY – French dairy products corporation, Lactalis has increased its stake in the Italian dairy and food counterpart to 95.81% with the transaction expected to complete December 5, 2018. The company is also planning to delist Parmalat ordinary shares from the Italian Stock Exchange and take the company private. Lactalis, which previously owned 89.63% stake…