Blog: Dean BestJohn 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.


BLOG

We wish you a merry Christmas

Today (23 December) is just-food's last day before closing for Christmas. We'll return, raring to go on Tuesday 3 January - but of course there's been plenty of top-notch content that has gone live in...

BLOG

UK food associations come together on Brexit

The plethora of food manufacturing associations in the UK has been argued by some to be an impediment to the industry coming to a coherent position on the aftermath of Brexit and on what the sector sh...

just-food homepage



Forgot your password?