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November 18, 2016

Food market news of the week – Thailand’s CP Foods and Greencore strike US M&A, Danone aims to control formula shipments to China, Pladis’ BN brand subject of sale talk

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.

By Dean Best

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.

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Charoen Pokphand Foods acquires US frozen entree maker Bellisio

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 expands in US with US$748m Peacock Foods acquisition.

Greencore plans to quadruple its sales in the US with the US$748m acquisition of convenience food group Peacock Foods.

How Greencore is aiming to be a national player in the US – our analysis of the Peacock Foods deal.

Danone teams up with Windeln.de in Germany, China

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, Continental Bakeries quiet on BN brand talk

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.

Dean Foods, CROPP in JV to grow Organic Valley milk sales

Dean Foods and CROPP have entered into a joint venture to expand distribution of the Organic Valley brand, which is owned by the US farmer cooperative.

Premier Foods reveals first fruits of Nissin Foods Holdings tie-up

Premier Foods plc today (15 November) outlined three ways in which the UK company and Japan’s Nissin Foods Holdings will join forces in the coming months.

What Premier Foods CEO Gavin Darby thinks about Brexit – analysis

Related Companies

Free Whitepaper
img

What is the impact of China’s Zero-COVID lockdowns on economic activity, consumer goods and the foodservice industry?

While wanting to protect the country from being overwhelmed by Omicron, China’s adherence to a Zero-COVID policy is resulting in a significant economic downturn. COVID outbreaks in Shanghai, Beijing and many other Chinese cities will impact 2022’s economic growth as consumers and businesses experience rolling lockdowns, leading to a slowdown in domestic and international supply chains. China’s Zero-COVID policy is having a demonstrable impact on consumer-facing industries. Access GlobalData’s new whitepaper, China in 2022: the impact of China’s Zero-COVID lockdowns on economic activity, consumer goods and the foodservice industry, to examine the current situation in Shanghai and other cities in China, to better understand the worst-affected industry sectors, foodservice in particular, and to explore potential growth opportunities as China recovers. The white paper covers:
  • Which multinational companies have been affected?
  • What is the effect of lockdowns on foodservice?
  • What is the effect of lockdowns on Chinese ports?
  • Spotlight on Shanghai: what is the situation there?
  • How have Chinese consumers reacted?
  • How might the Chinese government react?
  • What are the potential growth opportunities?
by GlobalData
Enter your details here to receive your free Whitepaper.

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