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.
To follow on from our earlier notice and after some hard work from our technical team, just-food is back live after today's power outage....
Much of the UK has felt the impact of Storm Doris today - and just-food's head office has been no exception....
A year after union officials alleged Fyffes abused workers on plantations in Central America - and called on the produce giant to be kicked out of the Ethical Trading Initiative forum - the company is...
Much of the chatter about where 3G Capital could look next has centred on packaged food - but might the private-equity fund be about to extend its foodservice empire?...
- US food next wave on display at Winter Fancy Food
- How General Mills plans to grow - CAGNY
- Comment: Meal kits in US - don't believe the hype
- Does Kraft Heinz want to swallow Unilever whole?
- Wessanen eyes growth in "resurgent" organic market
- Unilever launches operational review
- Kerry operating earnings strengthen on slow sales
- Glanbia focuses on nutrition with Irish dairy spin
- Kerry's Scanlon to replace McCarthy as CEO
- Mondelez launches savoury snacks brand Vea