Category: Mergers, Acquisitions & Divestments

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Nampak finalizes sell of its glass business to Isanti Glass 1

Food Business Africa

SOUTH AFRICA – Africa’s largest diversified packaging manufacturer, Nampak has announced the completion of sale of its glass packaging business. In September 2019, Nampak announced its intention to sell Nampak Glass – which manufactures beer, […]

Unilever’s Indian unit completes mergers with GlaxoSmithKline Consumer Healthcare

Food Business Africa

INDIA – Unilever has announced that Hindustan Unilever Limited (HUL), the company’s listed subsidiary in India, has successfully completed the merger of GSK’s business in India, GlaxoSmithKline Consumer Healthcare. The consolidation follows HUL’s acquisition of […]

Nestlé Purina PetCare acquires natural pet food brand Lily’s Kitchen

Food Business Africa

UK – Nestlé Purina PetCare, the pet products business of Swiss food and beverage firm, Nestlé, has acquired natural pet food brand Lily’s Kitchen, one of the leading producers of wet and dry natural foods […]

Asahi Group’s acquisition of AB InBev’s Carlton & United Breweries gets approval

Food Business Africa

AUSTRALIA – The Australian Competition and Consumer Commission (ACCC) has cleared the sale of acquisition of Anheuser-Busch InBev (AB InBev)-owned Carlton & United Breweries by Asahi Group for AUD16 billion ( ̴ US$11billion). The deal […]

Industrial Realty Group to acquire Dean Foods’ Meadow Gold Hawaii Business

Food Business Africa

USA – Industrial Realty Group, a privately-held real estate development and investment firm, has reached an agreement with American dairy giant, Dean Foods to purchase the company’s Meadow Gold Hawaii operations as an ongoing business. […]

Neogen acquires Chilean food and animal safety company Magiar Chilena

Food Business Africa

USA – Neogen Corporation has acquired the assets of Chile-based distributor of food, animal, and plant diagnostics products, Magiar Chilena. The American food safety test kits supplier said that it will incorporate the Magiar assets […]

Duravant acquires WECO to expand optical sorting capabilities for food processing applications

Food Business Africa

USA – Duravant, a provider of automated food processing solutions, has completed the acquisition of Woodside Electronics Corporation (WECO), a leading manufacturer of optical color and defect sorting equipment based in California. Duravant and Weco […]

Klabin acquires International Paper’s corrugated packaging business for US$64m

Food Business Africa

USA – Klabin S.A. has entered into an agreement to acquire International Paper’s Brazilian corrugated packaging business for R$330 million (US$64m), subject to certain closing conditions and regulatory approvals. International Paper’s Brazilian business includes three […]

Xiangtai Food to acquire controlling stake in Chinese feed solutions provider

Food Business Africa

CHINA- China Xiangtai Food, an emerging growth company primarily engaged in pork processing in China, has entered into a non-binding agreement to acquire 51% interest in Chongqing Ji Mao Cang Feed Company (JMC). JMC is […]

Pernod Ricard acquires full ownership of dry gin brand Monkey 47

Food Business Africa

FRANCE – Wines and Spirits giant, Pernod Ricard has acquired the remaining stake in dry gin brand Monkey 47 in a transaction makes the French beverage company the exclusive owner of the brand. Pernod Ricard […]