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

September 25, 2022

Coca-Cola names new president of global ventures

Food & Drink

The Coca-Cola Co. has promoted Evguenia (Jeny) Stoichkova to president of global ventures, effective Jan. 1, 2023. Ms. Stoichkova joined Coca-Cola Bulgaria in 2004 and was most recently the president of the company’s Eurasia & Middle East division, a role she has held since 2021.

September 25, 2022

Perfect Day allies with Onego Bio to speed-up launch of animal-free eggs

Food & Drink

US-based Perfect Day, is partnering with Onego Bio, which specializes in creating animal-free eggs, aiming to accelerate the timeline to bring the eggs to the market. The business, with the use of its technology, plans to commercialize animal-free ovalbumin, the most abundant egg white protein extracted through precision fermentation.

September 25, 2022

EU fails on food waste: Report reveals bloc discards more than it imports

Food & Drink

Food waste costs the EU €143 billion per year (US$141.7 billion), with a report by Feedback EU raising the alarm of how it’s vital to reduce waste from farm to fork 50% by 2030 and the only way this will be achieved is by enforcing a mandatory directive forcing the food industry to do better and retailers to pay a tax of food waste.