Following a frenetic end to 2017, corporate activity in the food and beverage industry slowed down in January and February.
Grocery clearance store business NQR has been sold as a going concern and will continue to operate.
NHP Electrical Engineering Products has announced the acquisition of the Rockwell Automation related business assets from Rexel Industrial Automation, a business of Rexel Australia.
The ACCC says its concerns are solely in relation to Murray Goulburn’s Koroit dairy plant in western Victoria, in particular the impact the acquisition will have on competition for farmers’ milk in the area.
2018 is shaping up to be a dynamic year across the food and beverage industry with strong investor interest in the industry from both trade investors and financial investors.
Murray Goulburn has experienced a 30 per cent drop in milk intake, as it waits for its sale to Canadian dairy giant Saputo to be approved.
Nufarm has completed the acquisition of a European herbicide product portfolio from FMC Corporation. The proposed acquisition was announced back in Novermber 2017. According to a Nufarm press release, the company’s program of work to integrate the portfolio into its European product suite is well advanced. In the first full year of Nufarm ownership (FY2019), … Continue reading Nufarm acquires FMC herbicide portfolio
Dr Pepper Snapple Group and Keurig Green Mountain have entered into a definitive merger agreement to create Keurig Dr Pepper.
Chinese firm Shanghai Ground Food Tech has purchased the 130-year-old Western Australian dairy company, Brownes Dairy.
The majority owner of the Real Pet Food Company, Quadrant Private Equity, has announced that it has entered into an agreement to divest its interest in the company.
Multinational food giant Kraft Heinz has purchased Suntory Group’s Cerebos Food & Instant Coffee business, which includes brands like Gravox and Fountain, for $A290 million.
Deal making momentum from the second quarter of the year was carried forward into the third quarter.
Sydney-based turnaround firm Allegro Funds has purchased Everest Foods, a manufacturer and distributor of premium ice cream, gelato, sorbet and frozen desserts. Established in 1958 and based in Melbourne, Everest Foods’ brands include NorgenVaaz and Gelateria brands and the Everest gelato brand. The company has a unique platform underpinned by leading agile production capabilities, long-standing … Continue reading Allegro Funds buys Everest Foods
Dairy co-operative Murray Goulburn has avoided speculation around who will buy it out, saying there is no certainty that any transaction will even eventuate.
Packaging manufacturer Pro-Pac has agreed to a $177.5 million transformational merger with Integrated Packaging Group (IPG).
Rod and Shana Russell have completed a buyout of Russell and Lee family members in Western Meat Packers Group’s Margaret River abattoir.
Multinational food giant Uniliver has purchased Weis, the 60 year-old Australian maker of the iconic mango and cream ice cream bar.
Australian owned packaging company, Detmold Group has reached agreement with United States based Novolex to purchase the Heshan Innopak assets and business.
Reckitt Benckiser Group has entered into an agreement to sell its Food business, including the French’s, Frank’s RedHot and Cattlemen’s brands, to McCormick & Company for $4.2 billion on a cash-free, debt-free basis. Today’s announcement follows a comprehensive strategic review of French’s Food. The valuation achieved reflects the quality of this highly profitable, growth business. McCormick … Continue reading Spice maker McCormick buys Reckitt Benckiser Group’s food division
Vegemite has returned to Australian hands, with Bega Cheese finalising its acquisition of the brand from Mondelez International.