Category: Mergers, Acquisitions & Divestments

–

Dangote Flour Mills approves US$331m acquisition by Olam’s Crown Flour Mills

Food Business Africa

NIGERIA – Olam International Limited, multinational food and agribusiness company through its Nigerian subsidiary, Crown Flour Mills Limited is set to acquire Dangote Flour Mills Plc (DFM) for US$331 million (N120 billion) at N24.00 per […]

Kind acquires Creative Snacks to expand in the health and wellness market

Food Business Africa

USA – New-York based snacks manufacturer, Kind Healthy Snacks has acquired Creative Snacks as the company seeks to expand its share of the healthy snacking market through a new broadened product portfolio and multi-brand approach. […]

Rebel Kitchen to merge with Nurture Brands to broaden the plant-based business

Food Business Africa

UK – Rebel Kitchen, one of the leading plant-based food and drink producers in the UK will be merging with Nurture Brands to create as the company’s seek to create UK’s leading plant based business. […]

Caldic acquires French food ingredients distributor Arlès Agroalimentaire

Food Business Africa

NETHERLANDS – Rotterdam-based based Caldic B.V has acquired French distributor of food ingredients and functional additives, Arlès Agroalimentaire SAS, accelerating its ambitions of becoming a leading food ingredient solution provider in Europe. Established in 1914, Arlès […]

Australian packaging firm Orora to sell its fibre business for US$1.15bn

Food Business Africa

AUSTRALIA – Orora Ltd, an Australian packaging maker has agreed to sell its local fibre materials business to Japan’s Nippon Paper Industries for A$1.72 billion (US$1.15 billion). The sale of the business is set to […]

Uber to acquire Latin American online grocery delivery service Cornershop

Food Business Africa

CHILE – Uber Technologies has announced that it has agreed to acquire a majority stake in a Latin American online grocery provider Cornershop which has operation in Mexico, Chile and Peru. Details of the agreement […]

Valeo Foods completes acquisition of Campbell’s crisps business in Europe

Food Business Africa

IRELAND – Irish food group, Valeo Foods has closed the acquisition of European chips business from the Campbell Soup Company for approximately US$80 million. The acquisition, which was announced in September this year, includes Kettle […]

2 Sisters sells UK-based bakery foods business to Valeo Foods for US$83.48m

Food Business Africa

UK – 2 Sisters Food Group has entered into an agreement to sell its UK-based pudding business, trading as Matthew Walker to Valeo Foods Group for £67 million (US$83.48m). Headquartered in Derbyshire, Matthew Walker produces […]

Hain Celestial sells two US brands to Hometown Food for US$15m

Food Business Africa

USA – The organic and natural products company, Hain Celestial has closed the sale of its Arrowhead Mills and SunSpire brands to Hometown Food Company in a US$15 million deal. The transaction includes the Arrowhead […]