Australian biscuit giant Arnott’s is cementing its foray in the cereal and snacks sector with a new business unit, Good Food Partners, created from the bolt-on acquisitions from Diver Foods and Freedom Foods.
Australia’s largest biscuit producer and second-largest snacks supplier Arnott’s has snapped up the Messy Monkeys, Crunchola, Heritage Mill and Nudi Snack brands, among others, from the beleaguered Freedom Foods Group.
Campbell Soup has agreed to sell Australia’s biggest biscuits company to voracious US private equity firm Kohlberg Kravis Roberts (KKR) - which purchased RJR Nabisco in 1988 - finally ending an auction process that lasted almost a year.
Archer Daniels Midland (ADM) will buy WILD Flavors for €2.3bn citing fast-growing demand for natural food and beverage flavors and ingredients as the rationale.
Competitive pressures are continuing to drive corporate changes and restructuring for the European rigid film and sheet industry, according to Applied Markets Information (AMI).
Leading Italian pasta maker Barilla is to sell off its German bakery chain Kamps to Equity Capital Management (ECM), a private equity group that invests in small and mid-size business.
US private equity group Apax last week announced its plans to
expand into the Spanish bakery market, after signing an agreement
to purchase Spanish bakery Panrico.
Private equity moves deeper into food ingredients industry, with
European equity provider ABN AMRO Capital buying up ingredients
distributor IMCD from AlpInvest Partners, reports Lindsey
Partos.
Jefferson Smurfit has said that the potential second bidder has
withdrawn its offer for the Irish paper and packaging company,
clearing the way for Madison Dearborn Partners to seal its €3.7
billion buy-out.