Divestiture

Fonterra To Move Forward With Divestiture Of Consumer Businesses 

Fonterra has decided to proceed with the divestiture of its global consumer business and integrated businesses Fonterra Oceania and Fonterra Sri Lanka.

J.M. Smucker To Divest Cookie Brand Voortman In $305m Deal

J.M. Smucker said it would sell its cookie brand, Voortman, to US-based premium snacks maker Second Name Brands in a $305 million all-cash deal.

Hain Celestial Offloads ParmCrisps Snack Brand

Health and wellness company Hain Celestial has completed the sale of the ParmCrisps snack brand to independent wholesome snacks company, Our Home.

Orkla Sells Cleaning Solutions Provider Lilleborg To Solenis

Norwegian conglomerate Orkla has agreed to sell 100% of its shareholding in Lilleborg AS to Solenis for NOK 600 million (€52.36 million) on a cash and...

PZ Cussons To Sell Kardashian Favourite St Tropez Tanning Brand To Tackle Debt

PZ Cussons is exploring the sale of its popular self-tanning brand St Tropez and other assets to reduce its debt, the company said in a statement.

Kroger, Albertsons To Sell 166 More Stores To Gain Regulatory Approval For Merger

Kroger and Albertsons Cos have amended the asset sale agreement with C&S Wholesale Grocers to include an extra 166 stores in a bid to get regulato...

Hain Celestial Sells Thinsters Cookie Brand To J&J Snack Foods

Health and wellness company Hain Celestial has completed the sale of its Thinsters cookie business to J&J Snack Foods.

J.M. Smucker Beats Q3 Profit Estimates On Sustained Demand For Frozen Snacks, Pet Food

Jif peanut butter maker J.M. Smucker topped Wall Street estimates for third-quarter profit, as demand for its high-priced pet food and pantry staples held...