Sector News

US: Dean Foods reportedly focus of bid by Wahaha Group

November 1, 2016
Food & Drink

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

comments closed

Related News

May 21, 2022

Cécile Béliot becomes Bel Group CEO

Food & Drink

Cécile Béliot has assumed the role of Bel Group chief executive officer, following the decision to separate the roles of chairman and CEO. The separation of the functions will enable Bel Group to develop in three areas of healthy snacking. Meanwhile, the company’s former CEO, Antoine Fiévet, has had his mandate renewed as chairman of the board.

May 21, 2022

“Corporate greed and dereliction of duty”: FDA commissioner slammed over infant formula shortage

Food & Drink

US Food and Drug Administration (FDA) Commissioner Dr. Robert Califf was grilled by lawmakers during a House Appropriations subcommittee hearing, where he was slammed over the agency’s handling of the escalating infant formula shortage.

May 21, 2022

Sweegen hails antioxidants and bitter blocking tech a turning point for sugar reduction and healthy aging

Food & Drink

Sweegen is ramping up its efforts to reduce sugar across F&B applications while simultaneously tapping into the benefits of using antioxidants and bitter blocking technology. Speaking to FoodIngredientsFirst, Casey McCormick, vice president of global innovation at Sweegen, says product developers can find a broad range of solutions in Sweegen’s nature-based sweetener systems as brands elevate better-for-you foods.