News on Mergers and Acquisitions

According to a Deloitte spokesman South Australian fresh produce company the Mitolo Group had taken control of all South Australian-owned farms of bankrupt Oakville Produce, as well as packaging businesses in Brisbane, Melbourne and Sydney - as of September 23.

Utz® Quality Foods, LLC, the largest privately held snack food company in the Unite States, today announced the completion of the acquisition of Golden Enterprises, Inc. by Utz Quality Foods, LLC.

As more Whole Foods customers choose to avoid the store and get groceries delivered to their homes through Instacart, the high-end supermarket chain is taking a stake in the four-year-old startup.

ConAgra Foods, Inc., (NYSE: CAG) announced today that it has acquired the packaged foods businesses of Frontera Foods, Inc. and Red Fork LLC, including the Frontera, Red Fork and Salpica brands. These businesses make authentic, gourmet Mexican food and contemporary American cooking sauces.

Bayer and Monsanto today announced that they signed a definitive merger agreement under which Bayer will acquire Monsanto for USD 128 per share in an all-cash transaction.

Yesterday, Agrium Inc. (TSX: AGU) (NYSE: AGU) and Potash Corporation of Saskatchewan Inc. (PotashCorp) (TSX: POT) (NYSE: POT) announced that they have agreed to combine in a merger of equals to create a world-class integrated global supplier of crop inputs.

Bayer AG raised its offer to buy Monsanto Co. and create a new global leader in seeds and pesticides, though the German firm said the higher price depended on achieving a 'negotiated transaction.'

Snyder's-Lance, Inc. today announced that the Company's Kettle Foods subsidiary completed the acquisition of Metcalfe's skinny Limited, by acquiring the remaining 74% interest in the leading UK premium popcorn brand. Kettle Foods had initially acquired a 26% stake in the business from Metcalfe in January 2016.

Universal Robina Corporation (URC), one of the largest branded consumer food and beverage product companies in the Philippines, is to buy Snack Brands Australia, according to a Snack Brands Australia statement dated August 17.

Amplify Snack Brands, Inc. (“Amplify” or the “Company”) (NYSE:BETR) and Crisps Topco Limited and Subsidiaries (“Tyrrells”) announced last week that they have executed a definitive agreement under which Amplify will acquire Tyrrells, an international, market-leading and rapidly growing premium Better-For-You snack food business.

Jobs are to be axed at Herbert Engineering in Wisbech after the company went into administration on July 14

ConAgra Foods, Inc. (NYSE: CAG) has announced the completion of two separate divestitures: the sale of its JM Swank business to Platinum Equity and the sale of its Spicetec Flavors & Seasonings business to Givaudan.

Golden Enterprises, Inc. (NASDAQ: GLDC) and Utz Quality Foods, Inc. of Hanover, PA announced that they entered into a definitive merger agreement on July 18, 2016.

Conagra Foods initiates the spin-off of Lamb Weston and announces the Chairman of the Board and CEO upon the completion of the spin-off.

Novacap, a Canadian private equity firm, announced today that they have sold Idaho Pacific, a company specializing in dehydrated potato products to Arlon Group, a food and agriculture investment firm with a global network that supports investments across the entire food supply chain in the Americas.

Lamb Weston / Meijer announced that they have signed an agreement with the Russian company Belaya Dacha to establish a new joint venture partnership to serve the Russian market.

On November 18, 2015 Conagra Foods announced plans to spin off Lamb Weston and mentioned during the presentation of their latest financial results that the separation is on track. Now rumors surface that Conagra Foods has met with Post Holdings to discuss a potential merger of Post and Lamb Weston.

Farm Electronics Limited, a UK based potato storage specialist has become part of the Tolsma-Grisnich group. The company will continue to trade and manufacture crop storage systems as Farm Electronics Limited