Dawn is a Michigan-based bakery manufacturer and ingredients supplier, and the Lakeside acquisition will expand its reach across southern California.
Tyson Foods is set to acquire the blending and poultry rendering assets of AMPRO Products and American Proteins in a deal worth approximately $850 million. “Through this important business, no part of the animal goes to waste, and we can recycle valuable ingredients into feed for pets and aquaculture,” said Tyson CEO Tom Hayes.
Newell Brands will sell The Waddington Group to Novolex Holdings for about $2.3 billion. The Waddington Group includes Eco-Products, Polar Pak containers, serving ware, drink-ware and cutlery, and WNA upscale disposable plastic products. In addition, Newell expanded its Accelerated Transformation Plan, including restructuring and divesting non-core businesses representing approximately 35% of its sales.
Nestle will pay about $7.2 billion to market Starbucks’ consumer and foodservice products globally, excluding ready-to-drink products and sales of any products within Starbucks coffee shops. Nestle will accelerate growth in out-of-home channels and work closely with Starbucks on innovation and go-to-market strategies.
The investment will advance Tierra Nueva’s coffee processes, particularly in new product categories like edible coffee.
Private investment firm Highlander Partners, L.P. said it has acquired the intellectual property, trademarks and associated licensing agreements and royalties of a range of chocolate and sugar confectionery brands from Espoo, Finland-based Huhtamäki Oyj. Financial terms of the transaction were not disclosed.
Lassonde agreed to acquire Old Orchard Brands, a Sparta, MI-based juice and beverage company, for $146 million. The acquisition of Old Orchard Brands will improve Lassonde’s manufacturing footprint in the midwestern U.S., further strengthen the company’s presence in the U.S. national brands juice sector, and provide access to a production line for frozen concentrated products.
The volume of completed M&A transactions in 1Q 2018 fell considerably YoY, but an abundance of announced deals may lead to the rest of 2018 belying first-quarter results. Our 1Q 2018 M&A Report explores the drivers potentially affecting that uptick and includes deep dives into the healthcare sector and divestitures.
The year got off to a varied start, as middle-market PE deal value slumped in 1Q and volume surged, signaling a shift toward smaller transactions. In the 1Q 2018 US PE Middle Market Report, our analysts detail key trends evolving in the dealmaking environment, from the rise of add-ons to the average middle-market fund size nearing $1 billion.
Merck KGaA has reached a deal to sell its consumer health division to Procter & Gamble for $4.2 billion. Merck KGaA makes over-the-counter products such as vitamins, supplements and nasal decongestant for markets outside the US.