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Takeovers, disposals, mergers and MBOs: the latest in food M&A

Chobani wants to expand businessUS: Yoghurt maker Chobani secures investment from TPG Capital

24 April 2014

Chobani, the US-based yoghurt producer, has secured investment of US$750m from private-equity group TPG Capital to "fund future growth".

GLOBAL: Unilever mulls options for Slim.Fast, pasta sauce units

24 April 2014

Unilever today (24 April) confirmed it is reviewing its options over the future of its Slim.Fast and North America pasta sauces businesses.

US: Safeway: We expect Albertsons deal to close in Q4

24 April 2014

Safeway has insisted it still expects its sale to US private-equity group Cerberus Capital Management to close in the fourth quarter.

FRANCE: Co-op Terrena eyes investments via new fund

23 April 2014

Terrena, the French agri-food co-operative, is looking at making investments in companies in the sector - possibly internationally - through a new fund, Kassiop-Invest.

UK: Golden Acre acquires seafood supplier Elsinore

23 April 2014

UK fine foods supplier Golden Acre Dairy Foods Holdings has snapped up local seafood and delicatessen group Elsinore Foods.

US: Hillshire to buy breakfast group Van's Natural Foods

22 April 2014

US food maker Hillshire Brands has struck a deal to buy waffle and pancake manufacturer Van's Natural Foods from private-equity firm Catterton Partners for US$165m

Editor's viewpoint: Using M&A for growth Stateside

22 April 2014

Desperate for growth in a moribund trading environment, there are signs some food manufacturers operating in the US are using acquisitions to bolster their presence in more vibrant parts of the industry. Should others follow?

FRANCE: Fund Qualium in talks to buy biscuit maker Poult

22 April 2014

Private-equity group LBO France is in exclusive talks to sell French market leader for private-label biscuits, Biscuit Poult, to investment fund Qualium Investissement.

US: ConAgra sells Medallion snacks brand to Shearer's

22 April 2014

US private-label salty snack producer Shearer's Foods has acquired Medallion Foods from ConAgra Foods in a US$33.5m deal.

CANADA: TreeHouse to acquire broth maker Protenergy Natural Foods

22 April 2014

TreeHouse Foods has struck a deal to acquire Protenergy Natural Foods from private-equity firms Whitecastle Investments and Whitecap Venture Partners for C$170m (US$150m).

UPDATE: UK: Co-op to sell 60% of Somerfield estate in convenience drive

17 April 2014

The Co-operative Group will sell around 60% of the space it acquired as part of the 2009 acquisition of Somerfield as the embattled UK grocer increases its focus on its core convenience estate.

US: Acquisitive Post Holdings swoops for Michael Foods

17 April 2014

Acquisition-hungry US food group Post Holdings has today (17 April) announced its biggest takeover - an agreement to buy egg-to-dairy supplier Michael Foods for US$2.45bn.

MOROCCO: Investor Abraaj looks to accelerate growth at candy firm Kool Food

17 April 2014

Investment firm Abraaj Group has indicated it plans to support an "ambitious investment plan" to drive growth at newly-acquired Moroccan chocolate group Kool Food.

just the facts - Post Holdings' M&A spree

17 April 2014

It is two years since US food group Ralcorp Holdings spun off branded breakfast cereal maker Post Holdings. And the Grape Nuts owner has, through a number of acquisitions, rapidly built a broader business designed to diversify away from a cereal market in the doldrums. just-food runs through the deals.

Quote, unquote: just-food's week in words

17 April 2014

Tesco's full-year results proved disappointing, as expected, and CEO Bill Stritz has said online retailing has played a huge part. Elsewhere first quarter results were out and Co-op saw heavy losses. It has now decided to get rid of some of the Somerfield stores and focus on its convenience offering. There were developments on the Michael Foods acquisition with Post Holdings announcing it had taken over the firm in a US$2.45bn deal. Other acquisitions this week included Daelman's purchase of UK firm Fabulous Bakin' Boys and PE firm Abraaj's acquisition of North African confectioner Kool Foods.

US: High commodity costs weigh on Michael Foods

17 April 2014

US egg-to-dairy supplier Michael Foods, which looks set to be taken over by Post Holdings, has indicated pressure from commodity prices has affected its first-quarter EBITDA.

NEW ZEALAND: Turners & Growers acquires Apollo Apples

16 April 2014

New Zealand produce firm Turners & Growers has acquired vertically integrated apple supplier Apollo Apples in a deal that could value the group at as much as NZ$31.15m (US$26.79m).

NETHERLANDS: Wessanen sells snacks unit Izico to PE firm Egeria

16 April 2014

Dutch food group Wessanen has announced the sale of Benelux snacks unit Izico to local private-equity firm Egeria in a deal worth EUR68m.

UK: Bart expands in wet ingredients with OTP Foods buy

15 April 2014

UK herbs and spices supplier The Bart Ingredients Co. has decided to expand its wet ingredients business with the acquisition of local firm OTP Foods.

GREECE: Carrefour franchisee to add 42 stores to portfolio

15 April 2014

Carrefour's Greek franchisee Marinopoulos has announced its intention to acquire 42 stores of the Larisa Super Market chain.

NETHERLANDS: Daelmans acquires Fabulous Bakin' Boys

14 April 2014

Dutch bakery group Daelmans has announced the acquisition of UK cake maker Fabulous Bakin' Boys.

US: Tyson, Post "in running" for Michael Foods

14 April 2014

Tyson Foods and Post Foods have reportedly been short listed as possible buyers in the sale process for US protein group Michael Foods.

Quote, unquote: just-food's week in words

14 April 2014

Food retailers eyeing India would have been surprised to hear the BJP political party, tipped to lead the country's next government, publish a tough stance on foreign investment in its retail sector. Nestle CEO Paul Bulcke hinted the food giant could be looking at further disposals and Wal-Mart said more affordable organic groceries would be available in the US after a tie-up with the recently-revived Wild Oats brand.

SPAIN: Deoleo board backs sale of olive oil firm to CVC

11 April 2014

The board of Spain-based olive oil group Deoleo has agreed to sell the company to UK private-equity firm CVC Capital Partners.

BRAZIL/UAE: BRF ups stake in UAE's Federal Foods

11 April 2014

Brazilian food giant BRF has upped its stake in Federal Foods, a manufacturer based in the United Arab Emirates.

SPAIN: PE firm CVC tables "best bid" for Deoleo

10 April 2014

Private-equity group CVC Capital Partners has made the best takeover offer for Deoleo, the Spanish olive oil group has said.

Deal or no deal: Analysts divided on Dorset Cereals sale

10 April 2014

Toward the end of last week Kellogg, Weetabix and Associated British Foods were all named as potential suitors looking to buy UK cereal brand Dorset Cereals from Wellness Foods. Hannah Abdulla looks at where Dorset Cereals could next end up.

JAPAN/MALAYSIA: Asahi to buy Etika dairy assets

10 April 2014

Japanese food and beverage giant Asahi has struck a deal to buy a range of dairy assets in south-east Asia from Singapore-listed Etika International Holdings.

SWITZ/US: Chocolat Frey takes "majority" stake in SweetWorks

10 April 2014

Swiss chocolate maker Chocolat Frey has acquired a majority stake in US confectioner SweetWorks.

UK: Genius secures "significant investment" from PE firm Verlinvest

9 April 2014

UK gluten-free firm Genius Foods has confirmed a "significant investment of millions" from private-equity firm Verlinvest.

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