Novo Nordisk, a leading Danish pharmaceutical company, has completed a significant acquisition of Ziylo, a biotechnology spin-out from the University of Bristol, for a deal potentially worth over $800 million. This acquisition grants Novo Nordisk full rights to Ziylo’s innovative glucose binding molecules, crucial for the development of glucose responsive insulins. Strategic Importance of the […]
PepsiCo acquisition of SodaStream : Soft drinks giant PepsiCo has agreed to acquire sparkling water brand SodaStream International for $3.2 billion in an all-cash deal as per the latest drinks acquisition news. Under the terms of the deal, PepsiCo will buy each of the Israel-based SodaStream shares for $144.00. SodaStream is also a manufacturer and […]
US food processing company Archer Daniels Midland (ADM) has agreed to acquire certain assets of Brazil-based Algar Agro for an undisclosed price in a move to improve its position in key Brazilian meal and bottled oil markets. The assets involved in the deal are oilseeds processing plants in Uberlandia in Minas Gerais, and Porto Franco […]
Peak Rock Capital acquisition of TNT Crust : US meat processing company Tyson Foods has agreed to offload TNT Crust, its pizza crust business, to an affiliate of Texan private equity firm Peak Rock Capital for an undisclosed price. TNT Crust, which was established in 1981, produces partially-baked and self-rising pizza crusts which it supplies […]
Seafood industry news : A consortium led by Dubai-based private investment company SOKOTRA Capital has completed acquisition of L’Aquaculture Tunisienne (AT), an aquaculture company established in North Africa and the Mediterranean basin. Founded by Si M’hamed Driss in 1988, AT is among the largest seabass and seabream hatcheries and nurseries in North Africa. The aquaculture […]
Drinks acquisition news : Dutch brewing company Heineken has agreed to acquire a stake of 40% in CRH (Beer) Limited (CBL), the owner of Chinese brewing company China Resources Beer (CR Beer), for HK$24.3 billion ($3.1 billion), from China Resources Enterprise. CR Beer, in turn, is the owner of the Snow beer brand, in which […]
Cambrex Corporation, a leading manufacturer of small molecules and generic Active Pharmaceutical Ingredients (APIs), has announced a strategic acquisition of Halo Pharma for $425 million. This move positions Cambrex into the large and finished dosage form contract development and manufacturing organization (CDMO) market. Halo Pharma, known for its expertise in oral solids, liquids, creams, and […]
Food acquisition news : US food manufacturer J.M. Smucker has agreed to offload its US baking business to subsidiaries of private equity firm Brynwood Partners for $375 million. The deal mainly covers products sold across the US retail channels under the Pillsbury, Martha White, Jim Dandy, Hungry Jack and White Lily brands, alongside all relevant […]
Food acquisition news : Highlander Partners has acquired substantially all the assets of US candy company Queen City Candy (QCC) for an undisclosed price through its subsidiary Bettera Brands. Based in Greendale, Indiana, Queen City Candy manufactures gummy confection products and it marks the continued acquisitions of the Dallas-based private investment firm in the confectionery […]
ADM acquisition of Neovia : US food processing company Archer Daniels Midland (ADM) has agreed to acquire French animal nutrition business Neovia for €1.535 billion in a move to create a leading global manufacturer of value-added animal nutrition solutions. Headquartered in Saint-Nolff, Britanny, Neovia, a manufacturer of value-added animal nutrition solutions, boasts of 72 production […]