Cargill has welcomed the EC's decision to approve its acquisition
of Degussa's food ingredients operations, claiming that the
decision will accelerate the company's focus on creating value and
growth for its customers.
Two leading European manufacturers of oils and fats for the food
industry last week joined forces in a move the companies hope will
allow them to significantly expand their businesses in the US and
The decrease in merger and acquisition activity in the European
food processors market in 2004 appears to have been a pause as
buyers digest previous purchases before filling up on further deals
this year, PricewaterhouseCoopers (PWC)...
The Competition Commission (CC) today announced it has
provisionally cleared the completed acquisition by Napier Brown
Foods (NBF) of James Budgett Sugars (JBS), but voiced concerns
about the lack of competition in the UK sugar market.
Alcan's hostile takeover of its French counterpart Pechiney has
become a friendly bid following the acceptance of a revised offer
for the company by Pechiney's board. But getting regulatory
approval may prove harder.
The Burns Philp hostile bid for Australia's biggest food company
appears to be far from over with the ingredients and yeast company
yesterday referring its bid to the Australian Takeovers Panel - the
principal forum for resolving...