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
The facility is designed to foster innovation and deepen collaboration with customers, by offering a range of new services and solidifying its role as a central hub for customer support. Tereos’ team, supported by a network of 50 scientists, will ensure customers can innovate and meet the rising consumer demand for healthier and more sustainable products.
Glanbia has agreed to acquire Flavor Producers from Aroma Holding for an initial consideration of $300 million. Flavor Producers is a US-based flavour platform, providing flavours and extracts to the F&B industries, with a focus on organic and natural ingredients.
Lesnard, who previously worked at Nike, The North Face and Sephora, has a mission to “grow and sustain GODIVA’s position and expertise in the premium chocolate category, leveraging ongoing support from pladis to take GODIVA and its legendary chocolate to new heights.”
