Panzani and Cerealis Plan a €1.8 Billion European Pasta and Cereals Group
What happened The shareholders of Panzani, the Lyon-based pasta, couscous and sauces maker, and Cerealis, the Porto-based producer of pasta, breakfast cereals, cereal bars and biscuits, have entered exclusive negotiations to combine the two companies. The plan, announced on 16 October 2026, would create an independent European food group with an enterprise value of about […]
Hormel Foods to Acquire Brakebush in $1.055 Billion Value-Added Chicken Deal
What happened Hormel Foods Corporation has signed a definitive agreement to buy Brakebush Brothers, LLC, a Westfield, Wisconsin-based value-added chicken company, from the Brakebush family for about $1.055 billion. The deal is aimed at the first quarter of Hormel Foods fiscal 2027, pending customary closing conditions and regulatory approval. Brakebush is a non-vertically integrated chicken […]
Sazerac Bids for Berentzen to Build European Spirits Platform
US spirits group Sazerac has locked in a business combination agreement with Germanys Berentzen-Gruppe and plans a voluntary cash takeover at EUR 5.55 per share. The move puts a mid-cap European beverage name under a privately held global brand owner and signals how US distillers are buying local manufacturing, private-label depth, and distribution reach rather […]