Horticultural company Costa Group has signed an agreement for the acquisition of the Lankester Avocado orchards and packing operations from the Lankester family.
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Food & beverage deal activity takes a breather
Following a frantic start to 2017, corporate activity in the food and beverage industry slowed down in April and May 2017 with only four transactions announced during this period.
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Food & beverage deal activity starts the year strongly
Corporate activity in the food and beverage industry was unexpectedly high in February and March 2017 with a number of transactions announced during this period.
The standout transaction in the quarter
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RPC Group purchases Amber Plastics
RPC Group, a global plastic product design and engineering company for both packaging and selected non-packaging markets, has purchased Amber Plastics for an undisclosed sum.
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Patties CEO says more takeovers on the table
Australia’s ready-meal sector will surpass $1 billion in the near future and a shift towards healthier eating is playing a major part, it has been claimed.
Paul Hitchcock, CEO of Patties Foods, has
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Kraft Heinz withdraws bid to merge with Unilever
Kraft Heinz has withdrawn its US$143bn offer to buy Unilever because it judged by Unilever as too low.
In a joint statement, the companies said: “Unilever and Kraft Heinz hereby announce that Kraft Heinz
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GrainCorp sells stake in Allied Mills
GrainCorp is selling its 60 per cent stake in manufacturer of bakery premixes and products Allied Mills to Pacific Equity Partners for $190 million.
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Food and beverage industry expecting strong deal activity in 2017
Corporate activity in the food and beverage industry was unexpectedly high in December 2016 and January 2017 with several substantial transactions announced during this period.
Acquisitions announced
The
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Bega Cheese buys Vegemite
Vegemite is back in local hands following Bega Cheese’s acquisition of most of Mondelēz International’s Australian and New Zealand grocery products.
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Omniverse Group and Foster Packaging announce merger
Omniverse Group and Foster Packaging have joined forces to create one company, Omniverse Foster Packaging Group.
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Activity in Food & Beverage sector remains strong
A total of 10 acquisitions were announced over August and September with expectations for a strong finish to the year.
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Plenty of activity in Food & Beverage sector
Seven acquisitions were announced in June and July, with the pipeline for the rest of the year looking strong.
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Ammeraal Beltech acquires Australian partner Rydell
Ammeraal Beltech, a Netherlands-based developer and manufacturers of process and conveyor belting has acquired its Australian distribution partner Rydell Industrial (Belting) Co.
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Maggie Beer selling half her food business
Popular Australian food identity Maggie Beer is selling a 48 per cent stake in her food business to Primary Opinion for $15 million.
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Nestlé and R&R to form ice cream joint venture
Nestlé and UK based ice cream company R&R have agreed to form a joint venture that will sell ice cream and frozen food in over 20 countries including Australia.
The 50/50 joint will be called Froneri
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Major breweries experience record-high M&A
Merger and acquisition (M&A) activity has long been a fixture of alcoholic beverage industries. Recently, major producers, particularly breweries, have begun consolidating their operations more frequently
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Fonterra finalise sale of yoghurt business
Fonterra has finalised the sale of its Australian yoghurt and dairy desserts business to Parmalat Australia.
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Meat industry moves towards consolidation
Consolidation of the meat industry is allowing companies to improve efficiency and bring consumers and farmers closer.
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Sanger Australia announces merger with Bindaree Beef
Meat sales and marketing company, Sanger, announced an agreement with Bindaree Beef to merge into Bindaree Beef Group.
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Kraft-Heinz merger complete
The merger between Kraft and Heinz has created the fifth-largest food and beverage company in the world; The Kraft Heinz Company.
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