CK Asset to acquire UK pub company Greene King for US$3.27bn

UK- CK Asset Holdings, a Hong-Kong based property investment firm has entered into an agreement to acquire UK pub and beer company Greene King for US$3.27 billion (£2.7 billion). Greene King, Britain’s largest pub retailer […]

Danish Brewing acquires Carlsberg distributor in Kenya King Beverage

KENYA – Danish Brewing East Africa Limited, a subsidiary of Bounty Global Management firm, has acquired Carlsberg and Tuborg beers distributor in Kenya, King Beverage Limited from Centum Investment. Established in 2014, King Beverage enjoys […]

Ceres Global completes acquisition of Canadian Delmar Commodities

CANADA – Ceres Global, a global agricultural, energy and industrial products merchandising and supply chain company has completed its acquisition of Manitoba, Canada based Delmar Commodities Ltd. According to Ceres, the acquisition includes 100% of […]

Hershey acquires stake in Irish protein bar maker Fulfil Holdings

IRELAND – American chocolate manufacturer, The Hershey Company has announced a minority investment in Irish protein bar manufacturer Fulfil to expand its business in Europe. Fulfil Holdings, which was founded in 2016, is a one […]

Japanese Brewer Kirin to acquire stake in health food maker Fancl for US$1.22bn

JAPAN – Kirin Holdings, Japan’s second-largest brewer says that it will spend US$1.22 billion (129.3 billion yen) to purchase a 30.3% stake in cosmetics and health food maker Fancl. The investment is part of Kirin’s strategy of […]

VTB acquires majority stake in Russian grain trader Mirogroup

RUSSIA — Russian state-controlled bank VTB has revealed that it has completed the purchase of a 70% stake in Russian grain trader Mirogroup, the Reuters reports. The transaction expands the lender’s diversification into the grain […]

Valeo Foods Group in talks to acquire Campbell’s snacks brands

IRELAND – Irish food group, Valeo Foods is in exclusive talks with Campbell Soup to buy the company’s Kettle Foods business in UK and Ireland for about US$60million (€54 million). Earlier this year, Campbell hired […]

Japanese company Nagase Group completes acquisition of ingredient maker Prinova

JAPAN – Nagase Group, a Japanese chemical trading firm has completed the acquisition of US based food ingredient manufacturer and distributor, Prinova Group. The acquisition of Prinova, which has 15 distribution centres around the world, […]

Italy’s Illycaffè acquires its UK distributor amid Brexit uncertainty

ITALY – Illycaffè, Italian coffee company has acquired the UK’s Illy division distribution business from Euro Food Brands, and will now directly manage its UK distribution operations. The acquisition includes the complete transfer of business, […]

Ugandan government to invest US$6.24m in Mabale tea factory

UGANDA – The government is set to invest US$6.24 million (UGX23 billon) in Mabale tea factory to revive operations of the company. According to Finance Minister, Matia Kasaija the government will invest the proceeds in […]