Food, Acquisition | featured news

German investor Joh A Benckiser (JAB) is to buy the owner of Douwe Egberts coffee in a 7.5-billion-euro ($9.8 billion) deal to create a global hot drinks empire aimed at taking on market leaders Nestle and Mondelez.

Flowers Foods Inc (FLO.N) is set to buy Hostess Brands Inc's HTBRS.UL bread brands including Wonder bread for $360 million, a source familiar with the matter said on Wednesday, giving the No. 2 U.S. baking company a bigger slice of the fast-consolidating bread business.

Private equity firms Apollo Global Management LLC and C. Dean Metropoulos & Co are near a deal to buy snack cake brands including Hostess Twinkies and Donettes, two sources familiar with the matter said on Tuesday.

A newspaper is reporting that Flowers Foods and Bimbo are emerging as bidders for the bread brands of Hostess, which in the midst of a bankruptcy-court liquidation of its assets.

European private-equity firm Permira said it would buy Japanese sushi chain Akindo Sushiro for around $1 billion, making a bet that the popular restaurant brand can expand beyond Japan.

Procter & Gamble has agreed to sell the chip brand for $2.695 billion to Kellogg, after its deal with Diamond Foods fell apart.

Google Inc. announced Thursday that it has acquired Zagat Survey LLC, the restaurant review and ratings service that is a go-to source for foodies everywhere.

The Swiss food giant Nestle SA has offered to buy 60% of Chinese snacks and candy company Hsu Fu Chi International for 2.1 billion Singapore dollars ($1.7 billion). The world’s largest food company agreed to pay S$4.35 ($3.56) for each share of Singapore-listed Hsu Fu Chi, an 8.7% premium on Friday’s closing price.

Diamond Foods Inc. is buying Procter & Gamble Co.'s Pringles chips business in a deal valued at $1.5 billion....

US food manufacturer Del Monte is set to be bought up by private equity fund Kohlberg Kravis Roberts for $5.3bn.