Givaudan completes the acquisition of the nutrition division of Brazil’s Centroflora

SWITZERLAND - Givaudan has announced that it has completed the acquisition of the Nutrition Division of Centroflora Group (Centroflora Nutra), a manufacturer of botanical extracts and dehydrated fruits. Centroflora Nutra is located in Botucatu, Brazil and its acquisition according to Givaudan, forms part of its 2020 strategy to strengthen its presence in Brazil and further…

Distell restructuring and merger with Capevin to be completed end-May

SOUTH AFRICA - Distell’s merger with Capevin and planned restructuring of its corporate structure is set to be completed at the end of May, reported BusinessDay citing information from analyst. A Sens announcement issued revealed that Capevin, which holds a 29% stake in Distell, will be suspended from JSE on May 30, and its shareholders…

Case against Coca-Cola and Ambo Water over an illegal merger remanded

ETHIOPIA - Case by the Trade Competition & Consumer Protection Authority against bottlers of Coca-Cola and Ambo Mineral Water for an allegedly illegal merger has re-emerged, the tribunal sending the case back to the lower court for further proceedings, reported AddisFortune. The case, dating 16 June 2017 implicated that the two companies, Ambo Mineral Water…

Heineken takes minority stake to acquire Belize’s Belikin beer

USA - The world’s second largest brewer after AB InBev, Heineken has taken a minority stake in the Belize’s Belikin beer maker, Belize Brewing Company (BBC) as it seeks expansion into the Central American market. Heineken entered a distribution partnership with BBC to import and distribute its brands including Heineken, Amstel and Red Stripe in…

Indomie maker Dufil Foods acquires May&Baker Noodles for US$2.14m

NIGERIA - Dufil Prima Foods, the maker of Indomie noodles has acquired three noodles production lines of May&Baker Nigeria Plc, a maker, seller and distributor of consumer products for US$2.14 million as it consolidates its market position in pasta. Mr. Girish Sharma, Chief Operating Officer of Dufil Prima Foods confirmed that the acquisition of Mimee…

Pioneer Foods and Kraft Heinz merger approval to wait longer

SOUTH AFRICA - SA’s body mandated to adjudicate competition matters, the Competition Tribunal has postponed its judgement relating to proposed merger deal between Pioneer Foods and Kraft Heinz. Pioneer Foods had tabled a bid to acquire half of the South African operations of Kraft Heinz, the US grocery manufacturing and processing conglomerate headquartered in Chicago.…

AdVini acquires majority stake in SA’s Stellenbosch Vineyards

SOUTH AFRICA - The French leader in terroir wines, AdVini has acquired the majority share in SA’s leading wine producer and exporter, Stellenbosch Vineyards set to benefit from the latter’s strong distribution network in both the local and export market, reported Fin24. Stellenbosch Vineyards is a wine business which owns brands such as Welmoed, Arniston…

Walmart acquires Flipkart for US $16b in one of the largest-ever ecommerce deals

INDIA - Walmart Inc. on has announced its high profile acquisition of Flipkart for US$16 billion for a valuation of over US$20 billion, making it the largest ecommerce acquisition in the world. ET Retail has reported that the 77% acquisition deal of the Bengaluru-based company, as per sources, is also the largest buyout for the…

IFF enters a definitive agreement to acquire Frutarom for US$7.1bn

USA - International Flavors & Fragrances Inc. has announced that they have entered into a definitive agreement under which IFF will acquire Frutarom in a cash and stock transaction valued at approximately US$7.1 billion, including the assumption of Frutarom’s net debt. Frutarom makes natural colors, food ingredients, enzymes for customers including Unilever, Nestle and Coca…

AccorHotels acquires Mövenpick Hotels for US$567m for African reach

FRANCE - AccorHotels, the French multinational hotel group has acquired Mövenpick Hotels for US$567 million from Saudi Arabia’s Kingdom Holding Company as it expands reach in three continents including Africa, reported Reuters. While AccorHotels operates in 95 countries through ownerships and over 4200 hotels in franchises, Mövenpick Hotels & Resorts, the Switzerland based hotel management…