Another week when Unilever grabbed the industry headlines, this time for an acquisition in food, snapping up US condiments upstart Sir Kensington’s. Post Holdings featured in another piece of trans-Atlantic M&A, the US food group announcing the GBP1.4bn (US$1.79bn) takeover of UK-based breakfast cereal business Weetabix. And in a busy week of M&A news, Japanese giant Suntory signalled its desire to focus on drinks with a decision to put a clutch of food brands on the block.
Unilever buys US condiments maker Sir Kensington’s
Hellmann’s mayonnaise owner Unilever has acquired up-and-coming US condiments maker Sir Kensington’s.
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Post Holdings confirms Weetabix deal
Post Holdings, the US group behind breakfast cereal brands Grape-Nuts and Honey Bunches of Oats, this morning (18 April) confirmed it has struck a deal to buy UK business Weetabix in a deal worth GBP1.4bn (US$1.76bn).
Analysis: Post Holdings discusses rationale for Weetabix – five things to learn
Japan drinks giant Suntory to offload Australia, New Zealand food assets
Japan’s Suntory is putting its food assets in Australia and New Zealand up for sale to focus on its global beverages business, the company confirmed today (19 April).
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By GlobalDataABF buys UK sports nutrition firms H5, Reflex Nutrition
Associated British Foods today (19 April) revealed it has acquired UK sports nutrition businesses H5 Ltd and Reflex Nutrition.
Dairy dampens Q1 but Danone ups FY earnings target – results data
Danone today (20 April) reported muted growth in its underlying sales in the first quarter of the year, a result described by the French giant as “in line with expectations” as the Activia maker upped its forecast for annual earnings.
China’s Huishan Dairy sees two more directors quit
Under-scrutiny Chinese dairy business Huishan Dairy has said its board cannot act on behalf of the company after two more directors resigned.
UK’s Hill Biscuits sold in management buy-out
UK private-equity firm LDC announced today (18 April) it had backed a management buyout of Manchester-based Hill Biscuits for an undisclosed sum.
Addo Food Group sold to private-equity firm LDC and Fullbrook Thorpe Investments
UK convenience food maker Addo Food Group has been sold to private-equity firm LDC and investment fund Fullbrook Thorpe Investments.
Cooperl eyes Financiere Turenne Lafayette’s charcuterie
French pork processor Cooperl Arc Atlantique is a candidate for the charcuterie and cooked meats business of embattled food industry holdings group Financière Turenne Lafayette.
Snyder’s-Lance CEO Carl Lee Jr steps down
US snacks group Snyder’s-Lance today (17 April) announced president and CEO Carl Lee Jr had “retired” after 12 years with the Cape Cod and Kettle Chips owner.
