Penfolds and Wolf Blass brand owner Treasury Wine Estates has received a second $3.1bn takeover approach from a global private equity firm reported to be TPG Capital Management.
Penfolds producer Treasury Wine Estates has welcomed a $3.15bn takeover proposal from private equity firms Rhone Capital and KKR and will let them to conduct due diligence on its books.
Archer Daniels Midland (ADM) will buy WILD Flavors for €2.3bn citing fast-growing demand for natural food and beverage flavors and ingredients as the rationale.
Saint-Gobain has rejected approaches from buyout firms for its food and drink packaging business in favour of an initial public offering (IPO) option, according to sources familiar with the situation.
Rudolf Wild GmbH has sold some shares to asset manager Kohlberg Kravis Roberts & Co (KKR) in preparation for an eventual public listing, and plans to form a global flavour business with its US affiliate this year.
Lotte, the South Korea-based retailer, is reportedly considering brewing brands at its own brewery in the country, despite dropping out of an potential acquisition for a leading national beer maker earlier this year.
Private equity group Permira denied it was about to unveil a bid to
buy Britain's biggest soft drinks group, Britvic, following two
days of heavy speculation.
French private equity group PAI Partners is reported to be weighing
up a bid for Britvic, as private equity rumours again stalk
Europe's food and drink sector.
