Hershey to submit initial bid for Nestlé’s US candy business

USA – US chocolate giant producer, Hershey, is preparing to submit its initial bid to Nestlé’s US confectionery business, which makes sweets including Butterfinger, Baby Ruth, Sno-Caps and Laffy Taffy. Nestle had announced in June, that it would explore strategic options, including possible sale for its US chocolate and candy business. The business on the…

Fonterra invests in Lithuanian dairy producer Rokiskio Suris

LITHUANIA – Fonterra, New Zealand’s dairy company, has invested US$8.26 million in Lithuanian dairy producer Rokiskio Suris, where it has bought more than 3.58 million shares. The investment had been under negotiation for a while, with Rokiskio issuing statement that Fonterra would recover any losses if it withdrew from the planned share issue by November.…

BASF to acquire parts of Bayer’s seed and herbicide businesses

GERMANY – Leading agrochemical company BASF has signed an agreement to acquire significant parts of Bayer’s seed and non-selective herbicide businesses, entering the key seeds business that it has been missing in its portfolio. The acquisition of the assets, as Bayer divests from some key areas as it seeks to placate regulators concerns as it…

Kerry Group buys US-based probiotics company Ganeden

IRELAND – Kerry Group, the Irish consumer foods and ingredients group, has confirmed the acquisition of US-based tech company Ganeden, Ganeden is a tech innovation company, which focuses on patented probiotics and related technologies, with more than 135 patents for technologies in the supplement, food, beverage, nutrition and personal care markets, based in Cleveland. It…

Brenntag opens South African operations

SOUTH AFRICA – Leading chemical distribution company Brenntag has officially opened its South African office following the acquisition of four companies, strengthening its focus in South Africa and the region. The company has officially formed Brenntag South Africa (Pty) Ltd. following the merger of four separate operating entities: Lionheart, Plastichem, Multilube and Warren Chem Specialities,…

Investors invited to help revive failed SA tea estates

SOUTH AFRICA - The Eastern Cape provincial government has issued a call to the private sector for expressions of interest in forming a public-private partnership to rescue two failed tea estates. Garth Voigt at IDEC Financial Services, which was charged with the business-rescue process, said on Wednesday that a definitive rescue depended on another financial…