Mergers and Acquisitions

June 14, 2010

Talley's bid for meat processor Affco

NZX-listed meat processor Affco is the target of a full takeover bid by its largest shareholder, Talley's Group, which has agreed to buy out the next-biggest investor, raising its stake to 76 per cent.Talley's, which owned 53 per cent has reached an ag...

June 14, 2010

Conagra Foods acquires American Pie, LLC

ConAgra Foods, Inc. (NYSE: CAG) announced today that it has agreed to acquire the assets of American Pie, LLC, based in Woodbury, N.Y. American Pie manufactures frozen fruit pies, thaw and serve pies, fruit cobblers and pie crusts under the licensed Ma...

June 07, 2010

ConAgra Foods to Sell Gilroy Foods & Flavors' Dehydrated & Vegetable Product Operations to Olam International

ConAgra Foods, Inc., announced today that it has reached an agreement to sell its Gilroy Foods &Flavors dehydrated and vegetable product operations to Olam International for $250 million, subject to final working capital adjustments. The seasoning ...

May 26, 2010

Wise Foods up for Sale?

Buyout firm Palladium Equity Partners is exploring a sale of Wise Foods, the maker of Cheez Doodles and Wise potato chips, according to two people with knowledge of the matter.Palladium has hired investment bank Piper Jaffray Cos. to find potential buy...

May 21, 2010

Michael Foods sells for 1.7B

Michael Foods, one of the largest players in the U.S. egg industry, is being sold by one private equity owner to another. The buyer is the private equity arm of Goldman Sachs, the companies said Friday, in a deal that values Michael Foods at $1.7 bill...

May 12, 2010

Analyst: More restaurant buyouts ahead

On the heels of the buyout news from Rubio’s Restaurants Inc., Keybanc Capital Markets analyst Brad Ludington has offered up three possibly tantalizing meals for the next hungry private-equity firm. Ludington said in a report Wednesday that he is con...

May 11, 2010

Lamb Weston / Meijer and Frisch & Frost (RWA) announce joint venture

Lamb Weston / Meijer and RWA announced today that Lamb Weston/Meijer has signed an agreement to acquire 74% of the shares in Frisch &Frost Nahrungsmittel GmbH based in Hollabrunn, Austria.Current owner RWA will keep the remaining shares. Both parti...

May 11, 2010

PinguinLutosa and CECAB Group begin negotiations to combine their european deepfrozen vegetable activities

PinguinLutosa and the CECAB Group have started exclusive negotiations in order to integrate the activities of D’Aucy Frozen Foods (deep-frozen vegetable branch of the CECAB Group) into PinguinLutosa, number two in Europe in the deep-frozen vegetable se...

April 23, 2010

Wright Machinery Ltd offered for immediate sale

Wright Machinery Ltd, a manufacturer of Food processing and packaging equipment located in the United Kingdom, is offered for immediate sale by its administrators, Wyles Hardy and Co. Wright Machinery Ltd is a subsidiary of PPM Technologies Inc. In t...

April 12, 2010

Conagra Foods Acquires Elan Nutrition

ConAgra Foods, Inc. (NYSE: CAG) announced today that it has acquired Elan Nutrition, a privately-held formulator and manufacturer of snack and nutrition bars based in Grand Rapids, Mich. Financial terms of the transaction, which closed today, were not...

April 08, 2010

Apollo Management group bidding on CKE Restaurant group?

The rival buyout offer received by CKE Restaurants Inc. this week was from private-equity firm Apollo Management, Reuters reported Thursday. CKE, the Carpinteria, Calif.-based parent to the Carl’s Jr. and Hardee’s chains, has until April 27 to evalua...

March 19, 2010

Diamond Foods anticipates early closure of Kettle Foods transaction

Diamond Foods, Inc. (NASDAQ:DMND) announced today that it has received notice of early termination of the antitrust waiting period for its pending acquisition of Kettle Foods, and now anticipates the transaction will close by March 31, 2010. Based on t...

March 16, 2010

Basic American Foods buys Hungry Jack retail potato Business from J.M. Smuckers

The J. M. Smucker Company (NYSE: SJM) and Basic American Foods today announced the sale of and a licensing agreement for Hungry Jack(R) brand potato products that will allow Basic American Foods to expand its retail presence in the potato business. The...

March 12, 2010

Other buyers interested in CKE Restaurants?

CKE Restaurants' $928 million buyout offer last month from a private-equity firm has sparked speculation that more suitors will line up for the Hardee's and Carl's Jr. parent, according to sources familiar with the restaurant M&A environment. One...

March 01, 2010

Shearer's Foods Inc acquires Snack Alliance Inc

Shearer’s Foods, Inc., a leading producer and distributor of high quality branded, contract pack and private label seasoned snack foods, announced today that it has signed a definitive agreement to acquire Snack Alliance, Inc. and its Canadian affiliate.

February 26, 2010

CKE Restaurants agrees to $918M buyout

CKE Restaurants Inc., the parent to the Carl’s Jr. and Hardee’s chains, said Friday it has agreed to a $918 million acquisition offer from private-equity firm Thomas H. Lee Partners.The deal includes the assumption of $309 million in debt, leaving the ...

February 26, 2010

Diamond Foods Shares Drop 10% on Acquisition-Related Worries

Shares of Diamond Foods Inc. (DMND) dropped 10% Friday, a day after the snack-nuts producer announced a major acquisition that will require it to sell stock and take on debt.Late Thursday, Diamond said it agreed to acquire Kettle Foods from Lion Capita...

February 25, 2010

Diamond Foods to Acquire Kettle Foods

Diamond Foods, Inc. (NASDAQ:DMND), today announced it has entered into a definitive agreement to acquire Kettle Foods, makers of premium potato chips, from Lion Capital LLP for $615 million in cash. Pursuant to the agreement, Diamond will acquire Kett...