Dangote Sugar Refinery, Savannah Sugar Company plan to merge operations

NIGERIA – Dangote Group Plc has announced its plans of merging with its two subsidiaries, Dangote Sugar Refinery (DSR) Plc and Savannah Sugar Company Limited (SSCL) into a single entity through a scheme of external […]

IMCD acquires Matrix Ingredients operations in Singapore and Malaysia

NETHERLANDS – IMCD, a leading distributor of speciality chemicals and food ingredients, has acquired the food distribution business of Matrix Ingredients in Singapore and Malaysia, for an undisclosed sum. Following the transaction, Maxim Ingredients International Pte. Ltd. and […]

Private equity firm Actis acquires stake in Denny Mushrooms owner Libstar

SOUTH AFRICA – Private equity firm Actis has acquired 37.02% stake in South Africa’s owner of the Denny Mushrooms brand Libstar Holdings held by Abraaj Private Equity Fund IV (APEF IV). Last month APEF IV, […]

Kerry Group half year revenues grow 10.7% to US$4bn buoyed by acquisitions

IRELAND – Kerry Group, and Irish dairy cooperative, issued its financial results for the half year ended 30 June 2019 during which the groups revenue increased by 10.7% to US$4 billion (€3.6bn). The increase in […]

AB InBev’s ZX Ventures sells homebrew supply retailer Northern Brewer

USA – AB-InBev’s venture capital arm, ZX Venture, has sold homebrew supply retailer Northern Brewer to an affiliate of Blackstreet Capital Holdings for an undisclosed sum. Blackstreet Capital Holdings is a US-based holding company run […]

Yili completes takeover of New Zealand’s Westland Co-operative Dairy

NEW ZEALAND – Yili group, the state-owned Chinese dairy company, has finalised the acquisition of Westland Co-operative Dairy Company, an independent co-operative dairy company in New Zealand. In March this year, Westland entered into an […]

South African retailer Spar Group to acquire controlling stake in Piotr Pawel

SOUTH AFRICA – Spar Group, a South African grocery chain said that it is in the final stages of talks to buy a controlling stake in Polish deli and supermarket chain Piotr i Pawel group […]