The CEO of Mondelēz International, Dirk Van de Put, highlighted the challenges the company faces in completing acquisitions due to the rising asking prices for potential targets. The food industry has seen a surge in dealmaking as companies seek to…
Tag:
acquisition
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Key Takeaways: Laird Superfoods is making a strategic move in the health and wellness sector by acquiring Navitas LLC for $38.5 million in cash, expanding its product portfolio to include organic acai powder, hemp bites, and cacao sweet nibs. The…
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Exciting News: Mars gets final approval for $36 billion acquisition of Kellanova Mars is set to finalize its $36 billion purchase of Kellanova, the company behind Pringles, on December 11th following approval from the European Union. The EU, the last…
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Key Points: Keurig Dr Pepper has named Anthony DiSilvestro, a former Mattel executive, as its new CFO amid preparations to finalize the JDE Peet’s acquisition and split into two separate beverage companies. DiSilvestro’s extensive M&A experience will be instrumental in…
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Hershey has finalized its acquisition of LesserEvil, an organic snacks brand, marking a significant milestone for the food giant as it expands its presence in the salty treats market and aims to shape the future of snacking, according to a…
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Keurig Dr Pepper has secured $7 billion in funding from private-equity firms to support its $18 billion acquisition of JDE Peet’s. This investment comes as the company addresses concerns from investors regarding its planned separation into two independent entities post-acquisition.…
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Key Takeaways: Tito’s Handmade Vodka has acquired a majority stake in Lalo Tequila, marking the first acquisition in the company’s history. The financial details of the deal were not disclosed. Both Texas-based brands view this partnership as a unique opportunity…
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Key Points: Danone has decided to no longer pursue an acquisition of kefir maker Lifeway Foods. The company is also reviewing options for its 23% stake in Lifeway, including a potential sale. Danone opted out of the buyout due to…
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Exciting Acquisition: T. Hasegawa USA Expands Flavor Portfolio with Abelei Flavors On September 3, T. Hasegawa USA made a significant move by acquiring Abelei Flavors, enhancing its flavor offerings in North America. This strategic purchase further solidifies T. Hasegawa’s position…
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Mars is set to acquire Pringles maker Kellanova for $36 billion, a move that will position the candy giant as a major player in the snacking industry. This acquisition will give Mars a competitive edge in the market, allowing it…