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.
Danone completed its US$12.5bn acquisition of WhiteWave Foods this week. The move will roughly double Danone's presence in North America, where WhiteWave is a top four dairy player. ...
Premier Foods plc revealed today (28 March) it has secured a deal with its pension scheme trustees that will see the UK food maker reduce its pension burden....
Hain Celestial, under the scrutiny of the investment community in recent months and facing some challenges in its domestic market, has announced another shuffling of its management pack....
FrieslandCampina, which today served up higher profits but lower sales for 2016, is ready to offload the last non-dairy business owned by the Dutch cooperative giant....
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