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Alta Fox suggests the shares are undervalued and could be propped up by 2027 EBITDA and free cash flow targets.
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The group’s founders, the Turner family, would acquire T&G’s New Zealand fresh produce unit.
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Private equity-owned Bisca will operate East Coast Bakehouse as a standalone subsidiary.
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Casa Tarradellas plans to convert the Gurb facility in Barcelona to mozzarella production.
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The Magnum Ice Cream Co’s first-quarter volume growth accelerated to 2.9% from 1.4% a year earlier.
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KKR acquired Flora Food Group’s business in EMEA from FMCG giant Unilever in 2018 for around €6.8bn ($7.9bn).
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The US snacks giant’s first-quarter sales were also given a boost by its acquisition of organic firm LesserEvil.
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"This acquisition strengthens our direct-to-consumer platform and adds exciting capability in sweet treats and better-for-you snacking," John Duffy, chief executive at Finsbury Food Group, said.
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