Category: Mergers, Acquisitions & Divestments

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Coca-Cola realigns its bottling operations in North India to improve efficiencies

Food Business Africa

INDIA – The Coca-Cola Company has announced an internal realignment of its bottling operations in North India, as the beverage giant moves to build a stronger and more sustainable local business. Under the new operation model, […]

GPI plans to offload majority stake in Burger King in move to become an investment company

Food Business Africa

SOUTH AFRICA – Grand Parade Investments (GPI), the master franchise holder for Burger King in SA, is in talks with an unnamed buyer to offload a majority stake in the local operations of the US […]

Choppies exits South Africa with sale of stores to King Investments

Food Business Africa

SOUTH AFRICA – Choppies Group has offloaded its South Africa stores and distribution centres to King Investments following the launch of open bids for its 88 stores in October to settle its outstanding debt. In […]

Diageo’s United Spirits plans merger with its Indian subsidiary Pioneer Distilleries

Food Business Africa

INDIA – United Spirits Limited, the Indian unit of the global liquor company Diageo, has proposed a merger with its majority owned and listed subsidiary Poineer Distillers Limited, reports India Times. According to United Spirits, […]

Moët Hennessy acquires majority stake in Château d’Esclans Côtes-de-Provence

Food Business Africa

FRANCE – Moët Hennessy, the wine and spirits division of French conglomerate LVMH, has acquired a 55% majority stake in Château d’Esclans, the leading Provence Rosé in the American market. Moët will acquire 50% ownership […]

Constellation Brands sells Ballast Point to Kings & Convicts Brewing

Food Business Africa

USA – Constellation Brands, America’s third-largest beer company, has agreed to sell Ballast Point brand and a number of its associated production facilities and brewpubs to Chicago-based Kings & Convicts Brewing Co. Constellation Brands acquired […]

PepsiCo to acquire US better-for-you snacks maker BFY Brands

Food Business Africa

USA – PepsiCo has entered into an agreement to acquire PopCorners and Rice Rounds snacks maker BFY Brands as the company seeks to expand its snacking portfolio. BFY produces the better-for-you snacks at it manufacturing […]

Olam sells permanent water rights in Australia to PSP Investments for US$332m

Food Business Africa

AUSTRALIA – Olam Orchards Australia (OOA) has entered into an agreement with Public Sector Pension Investment Board (PSP Investments) to sell 89,085 megalitres of its permanent water rights in Australia for A$490 million (US$332.5m). In […]

Hostess Brands to acquire Canadian cookie company Voortman for US$320m

Food Business Africa

USA – Hostess Brands has entered into an agreement to acquire Voortman, a Canadian maker of cookies and wafers, from Swander Pace Capital for approximately US$320 million (C$425 million). Hostess believes that the acquisition of […]

China’s food processing giant COFCO offers to acquire Agri-Industries Holdings for US$1.1bn

Food Business Africa

CHINA – State-owned food processing holding company, COFCO has unveiled plans of privatizing its Hong Kong listed unit, China Agri-Industries Holdings as it looks to pursue a flexible development strategy. COFCO has tabled a HK$8.9 […]