Blog: John West, Rachel's Organic join M&A merry-go-round
Dean Best | 28 July 2010
The M&A merry-go-round continues to spin with two more notable deals involving some household brands.
This morning (28 July), private-equity firm Trilantic Capital agreed to sell MWBrands, the owner of brands including John West tuna, to Thai Union Frozen Products (TUF) for EUR680m.
The deal, once it closes, will see TUF become one of the world's largest seafood processors and have a larger presence in Europe. The region will now account for 30% of sales, rather than just 11%.
A few hours later, US dairy giant Dean Foods confirmed to just-food that it had agreed to offload Rachel's Organic, the UK organic dairy business.
Lactalis, one of Europe's largest dairy processors, will be Rachel's new owner, adding the brand to a stable that includes Seriously in the UK and global labels like President and Galbani.
The BBC turned to just-food today for insight on the price dispute between Tesco and Unilever....
Just weeks after buying UK turkey processor Bernard Matthews from administration, food tycoon Ranjit Boparan has struck a similar deal....
Shares in Tyson Foods slumped on Friday, closing down almost 9% after an analyst claimed a lawsuit facing the company could hit the US meat titan....
- It won't just be Unilever to push for Brexit hikes
- Danone's Q3 sales - what the analysts say
- Interview: UK trade body on Brexit's policy impact
- Interview: UK trade body on the impact of Brexit
- Future trends in natural food to go mainstream
- PepsiCo sets 2025 nutrition, sustainability goals
- China "transition" drags on Danone Q3
- Nestle lowers outlook on "softer environment"
- UK announces "action plan" to drive food exports
- France eyes leading role in proteins
- The Big 15: Strategies and Priorities of Top Packaged Food Players in Comparison
- Constellation Brands, Inc. (STZ) - Financial and Strategic SWOT Analysis Review
- Omega-3 in Food and Beverage:Time for a Reboot?
- Bakery (UK) - Industry Report
- Redefining Snacks: From Conventional Snacks to Snack Replacements