Dow has agreed to acquire Circulus, a polyethylene recycler. This transaction includes two facilities, one in Ardmore, Oklahoma, and another in Arab, Alabama, with a total capacity of 50,000 metric tons per year. Dow expects the transaction to close in the third quarter of 2024, subject to customary regulatory approval. Dow’s experience in materials science and high-performance […]
Starbucks, Tetley, Jaguar Land Rover: Remembering Ratan Tata’s global ambitions
Ratan Tata, the philanthropist and former chairman of Tata Group who has died aged 86, played an instrumental role in globalising and modernising one of India’s oldest business houses. His ability to take bold, audacious business risks informed a high-profile acquisition strategy that kept the salt-to-steel conglomerate founded 155 years ago by his forefathers relevant […]
Paulig strengthens its position in World Foods with the acquisition of Panesar Foods Ltd
The international food and beverage company Paulig acquires Panesar Foods, a UK-based manufacturer of sauces, salsas and condiments to accelerate growth in the World Foods category. Through the acquisition, Paulig will bring even more flavorful experiences to its customers and consumers. Panesar Foods is a family-owned company based in Tipton, United Kingdom, with a turnover […]
What is an earnout?
Earnouts are a type of purchase agreement where an element of the price is contingent upon the performance of the business after the sale. They are often linked to a post-deal EBITDA target, but can also be driven by revenue or other KPIs, depending on the circumstances. When a seller and a buyer have different […]
Keurig Dr Pepper will buy energy drink maker Ghost for more than $1 billion
New York (CNN News) Keurig Dr Pepper will expand its energy drink business by acquiring the brand Ghost for more than $1 billion. The range of Ghost’s energy drink flavors, in partnership with sweet brands like Sour Patch Kids and Oreo, sets Keurig up to appeal to a younger audience, the company said in a statement […]
Food execs signal a strong appetite for M&A in 2024
Major food makers are poised to accelerate M&A in 2024, with companies such as Mondelēz International claiming to be in “active” discussions. Once known for consummating big transformational deals, the food and beverage sector has been focused during the last six years on so-called “bolt-on” transactions. These purchases give companies a deeper presence in certain categories […]
M&A
Mill Point Capital, a New York- based private equity firm, closed Mill Point Capital Partners III LP with $1.7 billion in total capital commitments. Mill Point invests in lower middle-market companies across the business services, industrials and IT services sectors in North America. Source M&A TODAY