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Current Position:Home » News » General News » Topic

M&As this week: MHP, Synlait, Mitsui

Zoom in font  Zoom out font Published: 2018-09-30  Views: 37
Core Tip: MHP intends to acquire Perutnina Ptuj for an undisclosed sum.
MHP intends to acquire Perutnina Ptuj for an undisclosed sum.
Based in Ukraine, MHP is a producer of poultry, while Perutnina Ptuj is a vertically integrated firm in Slovenia.
The acquisition is part of MHP’s strategic expansion strategy and will fortify its presence in the global market.
MHP will further invest and develop the product range of Perutnina Ptuj, upon completion of the acquisition.
MHP’s experienced management team will work towards improving the quality of Perutnina Ptuj’s production base and help it meet European quality standards.
Synlait has signed an agreement for the acquisition of Talbot Forest Cheese’s brand, customer relationships, property and plant, as well as Temuka site equipment.
Founded in 2000, Synlait is a dairy processing company based in New Zealand.

Synlait will invest between NZD30m ($20m) and NZD40m ($26m) for the transaction.

Synlait will completely acquire Talbot Forest Cheese and handle its dairy processing operations from 1 August 2019.

The transaction will strengthen Synlait’s position in the Everyday Dairy category globally.

Mitsui & Co. and Mitsui Sugar Co. have signed an agreement for the acquisition of a 100% stake in SIS’88 (SIS) for an undisclosed sum.

Mitsui Sugar is a Japanese producer of refined sugar, sugar products and food ingredients, while SIS is a sugar company based in Singapore.

Adamantem Capital (Adamantem) intends to acquire a majority stake in Hellers Limited for A$200m ($145.28m).

Adamantem is an Australian private equity firm, while Hellers is a premier sausage, bacon and ham producer based in New Zealand.

The transaction is subject to the approvals from OIO of New Zealand and FIRB of Australia.

Pacific Ventures Group (PACV) has signed an asset purchase agreement for the acquisition of Convenient Wholesalers of America for an undisclosed sum.

PACV is a food and beverage holding company, while Convenient Wholesalers is engaged in the distribution of food, beverages and general merchandise to retailers, households, hotels, restaurants, liquor stores and gas stations.

Both the companies involved in the transaction are based in the US.

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