Addo Food Group will be sold to private investor Lloyds Development Capital (LDC) for about £100M as part of a management buyout, an industry expert has claimed.
Burton’s Biscuit Company is reportedly fighting off stiff competition for Natural Balance Foods, as private equity firms and other food companies battle it out to buy the Nakd and Trek bar manufacturer.
Mergers and acquisitions (M&A) activity reached its highest level in six years in the last quarter amongst UK manufacturing firms, a report from Experian Corpfin and law firm Irwin Mitchell claims.
Food industry deals driven by overseas investors doubled in number in 2014’s first quarter, versus the same period last year, with overall investment reaching £833M, according to Grant Thornton.
Weetabix has confirmed it has started a consultation with its UK staff to cut pay and working hours in response to increasing pressure from supermarket own-label products and the discounters.
Premier Foods may have to settle for a joint venture (jv) partner for its troubled Hovis bread business if it fails to secure an outright buyer, as it tries to reduce its mountain of debt and avoid the prospects breaching banking covenants.
2 Sisters Food Group’s reported bid for Burton’s Biscuit Company, backed by US private equity house Clayton, Dubilier & Rice (CD&R), would be scrutinised by the Competition Commission, one expert claims.
Pork Farms owner Vision Capital is fishing for prospective buyers for the chilled savoury pastry manufacturer, FoodManufacture.co.uk can exclusively reveal.
Whitworths, the dried fruit, nut and seed supplier, has received a big cash boost after private equity firm Equistone Partners Europe Fund IV acquired a major stake in the Midlands-based firm.
Former Premier Foods boss Michael Clarke may play a pivotal role in the future of Lucozade and Ribena after reports linked him to a firm believed to be considering a bid for the brands.
Bid speculation surrounding upmarket retailer Marks & Spencer has resurfaced after a Sunday newspaper linked the business to an £8bn offer from finance group Qataris, the state-owned Quatar Investment Authority.
Marks & Spencer (M&S) has refused to confirm or deny whether it had received expressions of interest from private equity firm CVC Capital Partners about acquiring its business.
Food manufacturers are battling private equity players to acquire Iglo Foods Group, which owns Birds Eye, with a touted price of up to £2.4bn, according to experts.
The acquisition of up-for-sale Ragu manufacturer Symington’s could be the key to unlocking the success of Premier Food’s non-core brands, according to city analysts, after reports of private equity interest in the businesses.
A private equity firm remains the strongest candidate for a bid for chilled foods giant Greencore, according to city analysts, as the firm prepares to switch over to the FSTE 100 next month.
Greencore is remaining tight-lipped on the identity of its mystery suitor following press reports that US private equity firm Clayton Dubilier and Rice (CD&R) is in talks with the Irish food supplier.
As the search for the mystery suitor of Greencore continues, experts have ruled out food magnate Ranjit Boparan as a potential buyer saying there is “absolutely no possibility” that the 2 Sisters boss could be a contender.
Experts have favoured a private equity firm as the mystery Greencore suitor after it revealed it had been approached as an acquisition target yesterday.
A leading analyst has predicted a flurry of private equity deals in a UK food sector described by a counterpart as fragmented and ripe for consolidation.
US private equity firm Blackstone Group has bought a majority stake in Blackpool-based Tangerine Confectionery, FoodManufacture.co.uk understands, while management has also reinvested in the firm.
Global commodity price rises are presenting “huge difficulties” for UK food manufacturers as they seek to recover costs increases from major customers, according to a mergers and acquisitions (M&A) lawyer.
Food sector M&A experts believe it is more likely that a trade buyer – rather than a private equity player – could bid for convenience food firm Uniq, after its board announced a "number of indications of interest from third parties" in...
Managers at Northumbrian Fine Foods have bought the company off private equity owners and plan to invest in the business in a bid to push turnover above £12m in 2011.
The battle between food titans Greencore and Ranjit Boparan to take over Northern Foods could still go right to the wire, despite the expiry today of a deadline set by the latter for Northern's shareholders to formally accept his bid.
Pork Farms may slash half of the workforce at its Shaftesbury site in Dorset, following the withdrawal of business by a major customer.A spokeswoman...
As confidence returns to the industry and vendors release their assets, mergers and acquisitions activity will rise in 2010, according to analysts' predictions. Elaine Watson reports
