Aurobindo Pharma, a prominent Indian pharmaceutical company, has agreed to a significant acquisition from Sandoz US, a division of the Swiss pharmaceutical giant Novartis. The deal, valued at approximately $1 billion, involves the purchase of Sandoz’s dermatology business and a diverse portfolio of oral solid products, along with commercial and manufacturing infrastructure. The transaction terms […]
Lundberg Family Farms, a California-based organic food products manufacturer, has expanded its presence in the frozen foods category with the launch of a new frozen rice and quinoa bowls range branded as Organic Grainspirations Rice & Quinoa Bowls in the US. The latest frozen foods product range Grainspirations uses all organic ingredients and is available […]
The Great Oregon Wine Company (GOWC), an Oregon-based winery owned by Integrated Beverage Group, has acquired Duck Pond Cellars, a Willamette Valley winery for an undisclosed price. Duck Pond Cellars, a family-owned winery was founded in 1991 by Doug and Jo Ann Fries and is known for making Pinot Gris, Pinot Noir and Chardonnay wine varieties. […]
Pebblebrook acquisition of LaSalle : Pebblebrook Hotel Trust has agreed to acquire 100% of rival Maryland-based hotel real estate investment trust (REIT) company LaSalle Hotel Properties in a deal worth $5.2 billion. Pebblebrook acquisition of LaSalle will create an enlarged hotel REIT that is expected to become the largest owner of independent hotels and the […]
Food acquisition news : UK speciality bakery company Finsbury Food Group has acquired 100% of Ultrapharm, a Free From bakery manufacturer, for £17 million in an all-cash deal. Finsbury Food acquisition of Ultrapharm supports the former’s current strategy of further diversifying its product capability into high growth sectors. Ultrapharm, which was founded in 1993, Ultrapharm […]
Dickinson Fleet Services (DFS), a US-based mobile fleet service provider, has acquired Truck PM Plus, a truck and trailer maintenance provider, from tire and rubber company Bridgestone Americas for an undisclosed price. Truck PM Plus, which has service locations in Florida, Texas, California and Illinois, provides mobile services, shop services, and on-site services. Headquartered in […]
Nutiva, a US-based manufacturer of plant-based organic superfoods, has forayed into the beauty segment with the launch of its first body care specific range in the form of Organic Coconut Body Oils. Nutiva Organic Coconut Body Oils, which are claimed to be made from tender organic coconuts and organic essential oils, have been launched in […]
Food acquisition news : J.M. Smucker has completed sale of its US baking business for $375 million to subsidiaries of private equity firm Brynwood Partners. The sale of the baking business by the US food processing company was done to focus on the pet food, coffee, and snacking categories. A definitive agreement between J.M. Smucker […]
The UK Competition and Markets Authority (CMA) has started the first phase of a formal probe into the proposed Sainsbury’s acquisition of Asda from Walmart. Under its investigation, the British competition watchdog will undertake a detailed assessment into how the merger between the two supermarket chains could impact competition for shoppers. The CMA probe into […]
Tyson Foods acquisition of Keystone Foods : US meat processing giant Tyson Foods has agreed to acquire global frozen meat products supplier Keystone Foods from Brazilian food processing company Marfrig Global Foods for $2.16 billion in an all-cash deal. Tyson Foods acquisition of Keystone Foods is expected to help the former expand its value-added protein […]