Dean Foods has reportedly become the focus of a possible takeover bid by Chinese beverage giant Wahaha Group.
According to the Financial Times, executives from Wahaha’s Hongsheng Beverage have recently approached several international banks and private equity funds regarding a possible bid. The report cited unnamed sources who stressed that the talks are at an early stage, even as Wahaha was considering other targets too.
Dean Foods has seen its market value fall sharply since 2013, partly due to spin-offs, such as that of WhiteWave Foods. The company remains the largest dairy processor in the US.
Wahaha produces bottled water, milk, and tea drinks, and generated $7.4bn in sales during 2015.
Source: NamNews
Temperature-controlled storage and logistic solution provider, Emergent Cold LatAm, has opened ‘Chile’s largest’ frozen food warehouse. Located in Talcahuano, a region renowned for its seafood and fruit production and exports, the warehouse represents a strategic enhancement of the local cold chain infrastructure.
Never Never gin will be sold through Asahi’s alcohol division, Carlton & United Breweries (CUB). According to the company, the acquisition – which won’t impact daily operations – will enable Never Never’s premium gin to reach a wider customer base while enhancing support and product offerings for existing customers.
Coca-Cola Europacific Partners (CCEP) announced today the forthcoming departure of Nik Jhangiani, senior vice president and chief financial officer, with plans underway to identify his successor. Jhangiani will be stepping down to assume the role of CFO at Diageo later this year.
