M&As this week: Summa Equity, Barry Callebaut, Grupo Bimbo
Summa Equity has completed the acquisition of a 75% stake in Poland-based company Milarex from Jerzy Malek.
The acquirer is a Sweden-based private equity firm, while the target company is engaged in fish processing.
Chocolate manufacturing company Barry Callebaut agreed to acquire D’Orsogna Dolciaria, an Italian supplier of decoration solutions for food manufacturers.
Barry Callebaut aims to strengthen its specialities and decorations business in Europe through the acquisition.
Grupo Bimbo has signed a $650m agreement to acquire Chicago-based food service provider East Balt Bakeries (East Balt) in an all-cash transaction.
The baked goods company intends to enter global high-growth segments and markets through the acquisition.
Grupo Bimbo engaged Atlas Advisors as its financial adviser, Cleary Gottlieb Steen & Hamilton and White & Case as legal counsels, as well as Deloitte as the diligence adviser for the transaction.