Mergers and acquisitions (M&A) activity in the food and drink sector reached a five-year peak in 2015 – even when stripping out the ‘mega-deal’ takeover of SABMiller by AB InBev – a report by legal firm Grant Thornton has found.
> Read the full article on the Food Manufacture website
By Noli Dinkovski
Source: Food Manufacture
The owner of Philadelphia cream cheese and Heinz Ketchup had predicted flat-to-positive organic net sales growth, but today it reported 2.5% organic growth for the quarter.
The deal will see OFI’s wholly-owned subsidiary, Olam Holdings, acquire the US spice group from private equity firm Kainos Capital and Olde Thompson’s management shareholders.
Nestlé has agreed to acquire core vitamin and supplement brands of The Bountiful Company from investment firm KKR for $5.75 billion, as it looks to expand its health and nutrition portfolio.