Mergers And Acquisitions Advisory Market Analysis 2026

The world pioneer in providing ingredient solutions for better food and drink, Tate & Lyle PLC, introduces OPTIMIZER STEVIA 8.10, a new stevia composition. Even at high sugar replacement levels, this novel substance provides the much-desired premium flavor profile closest to sugar and is more affordable than existing premium sweeteners. A wide range of advantages are provided by this stevia composition to both producers and customers. Compared to other premium stevia sweeteners, OPTIMIZER STEVIA 8.10 provides manufacturers with a more cost-effective, adaptable, and delicious sweetener. This turns into mouthwatering, calorie-conscious choices that satisfy customer demand without sacrificing flavor. Because of its distinct makeup, it may be labeled as "stevia extract," which aligns with market preferences for natural sweeteners. OPTIMIZER STEVIA 8.10's adaptability makes it the perfect choice for attaining an exceptional flavor profile in high-sugar replacement recipes, such as protein shakes and bars, vitamin gummies, yogurt, and nutrition bars.

Source Link: https://www.tateandlyle.com/news/tate-lyle-introduces-optimizer-stevia-810-groundbreaking-stevia-composition-cost-effective

In an agreement to extend its bottling operations throughout Europe, the UK-based soft drink business Britvic will be acquired by the Danish brewing giant Carlsberg for £3.3 billion, or around $4.2 billion. The board of Britvic has recommended the acquisition, which would help Carlsberg, the fourth-largest brewer in the UK, establish a bigger presence in the market. In the UK, PepsiCo products are bottled by Britvic, but in numerous other European regions, PepsiCo brands are already bottled by Carlsberg. Carlsberg has agreed to pay £12.90 in cash for each Britvic share as well as a special dividend of 25 pence per share. This indicates a premium of almost 36% above the closing share price of Britvic on June 19, the day before rumors of Carlsberg's interest surfaced. Over the course of the deal, Carlsberg claims to have found cost reductions of £100 million. Carlsberg will also benefit from a wider platform in the UK as a result of the agreement since it now trails industry giants like Heineken and AB InBev. In a related development, Carlsberg declared on Monday that it has decided to fully assume ownership of the joint venture it formerly had in the UK with the company Marston's. The Britvic transaction is anticipated to be completed in the fourth quarter of 2024, pending regulatory clearances. Nomura International advised Carlsberg, and Goldman Sachs represented Britvic.

Source Link: https://www.foodbev.com/news/carlsberg-agrees-to-acquire-uk-soft-drink-maker-britvic-for-3-3bn

Summer Garden Food Manufacturing's operator, The Zidian Group, has reached a definite agreement to be acquired by Lassonde Industries through one of its U.S. companies. The buyer will pay $235 million in cash at closing for the US-based specialty food maker and distributor. Should certain financial benchmarks be attained and other requirements be met, a further payment of up to $45 million may be due over the next three years. Summer Garden is a premium sauce and condiment company situated in Boardman, Ohio. It employs around 200 people and produces a variety of sauces and condiments, such as dipping sauces, dressings, BBQ sauces, and pasta sauces with a tomato or cream basis. Its product line includes around 250 items that are distributed via over 20,000 outlets under the Little Italy in the Bronx and Gia Russa brands, as well as the G Hughes brand, which is a market leader in the sugar-free BBQ sauce industry in the United States. In addition, Summer Garden co-packs with well-known companies. Nathalie Lassonde, the CEO and vice-chair of the board of directors of Lassonde Industries Inc., stated, "The acquisition of Summer Garden supports our ambition to become a more diversified North American food and beverage company."

Source Link: https://www.fdiforum.net/mag/production/lassonde-to-acquire-summer-garden-food-manufacturing/

The food industry-focused engineering business Uticon, based in Belgium and the Netherlands, has been aquired by Royal HaskoningDHV. This increases the company's understanding of the facilities and procedures used in the manufacturing of food and beverages. As a consequence, customers may now receive assistance with new factory building or extension from feasibility to execution, from A to Z.
Royal HaskoningDHV can now offer end-to-end services from feasibility to execution thanks to the purchase of Uticon, which enhances the company's capacity to design and execute manufacturing facilities for food and drink businesses. The purchase occurs at a time when producers of food and drink are under growing pressure to make improvements to the sustainability of their facilities and procedures for production.

Source Link: https://www.foodbev.com/news/engineering-firm-royal-haskoningdhv-acquires-food-specialist-uticon

Lassonde aquires Summer Garden Foods for $235m

Summer Garden Food Manufacturing is run by The Zidian Group, which Lassonde Industries, a Canadian agri-food firm, has agreed to buy for $235 million. Summer Garden, a premium sauce and condiment company with 200+ employees in Boardman, Ohio, US, offers a range of sauces and condiments, such as pasta sauces, BBQ sauces, dipping sauces, and dressings. More than 20,000 stores carry over 250 goods under the G Hughes, Little Italy in the Bronx, and Gia Russa brands. The Canadian food firm has agreed to pay up to $45 million in several installments over the course of the next three years, subject to the fulfillment of specific financial benchmarks and other requirements. The deal is set up to give Lassonde a net present value advantage of almost $30 million because of the investment's tax deductible nature. "Summer Garden enhances their core offering in pasta sauces and increases their reach into additional adjacencies through brands that contain development potential in their respective sectors. In order to establish ourselves as our clients' go-to manufacturer, they are also adding top-notch resources to their network, such as more retort capabilities. Lastly, they  see this purchase as the establishment of a new growth platform for Lassonde, with cash flow generation to support future expansion. It is anticipated that the deal, which is not contingent on financing, would conclude in 30 to 45 days, subject to regulatory approval and other requirements.

Source Link: https://www.foodbev.com/news/lassonde-to-buy-summer-garden-foods-for-235m

Tate & Lyle has announced an agreement to acquire the entire issued share capital of CP Kelco U.S., CP Kelco China, and CP Kelco ApS, along with their respective subsidiaries (collectively 'CP Kelco'), from J.M. Huber Corporation ('Huber') for a total implied consideration of US$1.8 billion on a cash-free, debt-free basis the 'Proposed Transaction'. This deal will create a powerhouse in the expanding global specialty ingredients market. The Proposed Transaction significantly accelerates Tate & Lyle’s strategy to become a leading and differentiated specialty food and beverage solutions business, positioning itself as the preferred solutions partner for customers. It is expected to drive stronger revenue growth and substantial improvement in adjusted EBITDA margins over the next few years. Additionally, it is anticipated to be highly accretive to adjusted profits per share by the second full financial year post completion, excluding cost synergies. Combining Tate & Lyle's expertise in sweetening, mouthfeel, and fortification with CP Kelco's proficiency in pectin and specialty gums will enhance the company's solutions capabilities across its core categories

Source Link: https://www.tateandlyle.com/news/proposed-combination-tate-lyle-and-cp-kelco-create-leading-global-speciality-food-and-beverage