Pernod Ricard has bought its first US winery, in a move the company says will boost sales of labels including Australian-made Jacob’s Creek.
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Tetra Pak acquires Miteco to enhance beverage capabilities
Food processing and packaging company, Tetra Pak, has acquired Switzerland-based Miteco, which provides production solutions for soft drinks, fruit juices, liquid foods and carbonated soft drinks.
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Hillier’s and Newman’s chocolate brands acquired by Re:Capital
Australia’s first chocolate manufacturer, Ernest Hillier, has been snapped up by Re:Capital, which plans to take the Hillier’s and Newman’s brands overseas.
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Goodman Fielder to axe 125 jobs with Hamilton factory closure
125 New Zealand workers could lose their jobs with the closure of Goodman Fielder’s Frankton facility.
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United Dairy Power sold for $70m
Australia’s biggest privately-owned dairy processor, United Dairy Power, has been sold to Hong Kong-based businessman William Hui for approximately $70 million.
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Saputo snaps up 77 percent stake in Warrnambool
Saputo’s stake in Warrnambool Cheese and Butter keeps growing, with the Canadian company’s hold on the brand now sitting at 77 percent.
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Goodman Fielder denies second bid launched for Frankton site
Goodman Fielder has denied a formal bid has been made for its Hamilton meat business as 125 jobs at the facility remain in jeopardy.
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Saputo’s offer in WCB extended after gaining majority share
Now with a 52 percent stake in Warrnambool Cheese and Butter, Saputo’s offer for the dairy giant has been extended to 4 February.
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Saputo boosts its stake in Warrnambool
Saputo now has a 47.85 percent share in Warrnambool Cheese and Butter, one day before it closes its offer for the dairy giant.
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Bega to sell Warrnambool shares to Saputo
Bega Cheese has decided to sell its 18.8 percent stake in Warrnambool Cheese and Butter to Canadian firm and front-runner in the bidding war, Saputo.
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Beam acquired by Japan’s Suntory for $15bn
Beam, the manufacturer of Jim Beam and Marker’s Mark, has been acquired by Japan’s Suntory Holdings for US$13.6 billion (A$15bn), with annual spirit sales for the combined company expected to top US$4.3bn.
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Canada’s loss is Australia’s gain in Saputo bid for WCB
Canada’s destructive agricultural supply management policies could be its unwitting gift to Australia.
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Saputo extends offer on Warrnambool bid
Saputo has extended the deadline on its $9 per share bid for Warrnambool Cheese and Butter.
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Saputo takes bigger bite of Warrnambool
The latest development in the bidding war for Warrnambool Cheese and Butter has seen the front-runner, Canadian company Saputo, increase its stake in the business.
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Shareholders should reject Murray Goulburn’s bid: Warrnambool
In response to Murray Goulburn’s $9.50 per share bid for Warrnambool Cheese and Butter (WCB), the dairy company has urged its shareholders to reject the offer, arguing the offer put forward by Canadian firm Saputo is superior.
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Warrnambool bid battle continues
The takeover battle for dairy company Warrnambool Cheese and Butter Factory continues, with Canadian firm Saputo considering extending its Friday deadline for acceptances of its $9 a share bid.
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Foreign investment and the popularity test: does GrainCorp set a new precedent?
Inserted within the ADM-GrainCorp decision was a never-before-seen rationale for rejecting a foreign investment: the tenor of community attitudes and level of popular support. This seemingly minor caveat may radically change the way in which foreign investment reviews are conducted by the Coalition government in coming years.
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Hockey’s GrainCorp ruling in-line with industry’s position : poll
Joe Hockey’s decision to disallow the acquisition of GrainCorp by Archer Daniels Midland is in-line with what the food and beverage industry believes is best for the country, according to a poll conducted by Food magazine.
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Government rejects GrainCorp takeover
Treasurer Joe Hockey has ruled against the sale of GrainCorp, Australia’s largest publicly-listed agribusiness, to US giant Archer Daniels Midland.
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Should Australia sell GrainCorp? : poll
Food magazine wants to know your thoughts on the pending sale of GrainCorp, Australia's largest publicly listed agricultural company.
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