Two notable M&A transactions in the US this week, with Thai food giant Charoen Pokphand Foods entering the market with the US$1bn acquisition of frozen-food firm Bellisio and Greencore striking a “transformational” deal for convenience food group Peacock Foods. Elsewhere, Danone announced plans to try to control the “grey trade” of infant formula to China and there was talk snacks giant Pladis could be looking to sell another European brand.
Thailand’s Charoen Pokphand Foods is acquiring Bellisio Parent, the US’s third-largest single-serve frozen entree maker, from private-equity group Centre Partners for US$1.08bn.
Greencore plans to quadruple its sales in the US with the US$748m acquisition of convenience food group Peacock Foods.
Danone has entered into a certification arrangement with online infant formula retailer Windeln.de in a bid to ensure availability of brands such as Aptamil in Germany and “controlled” distribution China.
Pladis, the UK-based biscuits arm of Turkey’s Yildiz Holding, is reportedly looking to sell French brand BN and Dutch business Continental Bakeries has been named as a potential buyer – although both companies declined to comment today (17 November) when contacted by just-food.
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