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Latest Industry News from Food Management Today
Record-breaking year for food and drink acquisitions
According to the latest data by corporate finance house, Oghma Partners, the year-to-date total value of recorded deals is estimated at £5.8 billion, surpassing every other year recorded since 2010.
Fresh meat, fish and poultry remain ahead of 2019 levels
The latest figures from Kantar suggest that the three categories have continued to retain the majority of the additional spend achieved in previous years.
Cold Chain Federation sets “ambitious targets” to move away from diesel
The Cold Chain Federation (CCF) has published a report which sets out plans for transitioning away from diesel as the primary power source for refrigeration on vehicles.
Morrisons takeover auction won by CD&R with £7bn offer
Private equity firm Clayton, Dubilier & Rice (CD&R) ended the auction takeover against Fortress Investment Group with a winning £7 billion bid.
Nomad Foods acquires Fortenova Frozen
Nomad Foods Limited has announced that it has completed its acquisition of Fortenova Group’s frozen food business for a purchase price of around €615 million.
Auction to resolve Morrisons takeover battle
The stock market’s Takeover Panel has confirmed that an auction involving Clayton, Dubilier & Rice (CD&R) and Fortress Investment Group will take place on 2nd October. Morrisons’ Board of directors accepted a £6.7 billion offer from a US private equity...
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