M&As this week: Dole Food, Duck Soup, Solana DD Tuzla

Bama International has completed the acquisition of two Saba Fresh Cuts businesses from Dole Food.

The sale fulfils a condition set by the European Commission’s (EC) for approval of the acquisition of a 45% stake in Dole Food for €262m ($300m) by Total Produce in July 2018.

Located in Sweden and Finland, the facilities are engaged in the production of washed and ready-to-eat salads.

Total Produce will retain the existing Dole Food management team upon completion of the transaction.

Houlihan Lokey is the advisor to Dole Food for the transaction.

Based in the US, Dole Food is a multi-national agricultural corporation, while BAMA International AS is a Norwegian distributor of fresh produce.

Duck Soup has completed the acquisition of candy brands from New England Confectionery Company (NECCO) for an undisclosed sum.

Founded in 1971, Duck Soup is involved in coffee blends, curated wine and cheese selections, while NECCO is one of the oldest candy companies in the US.

AS Group and AS Jelah intend to acquire a 49.8% stake in Solana DD Tuzla for BAM6.31m ($3.6bn).

Both companies have placed a buyout bid for Solana’s 252,536 shares, priced at BAM25 ($14.5) each.

Founded in 1885, Solana is a leading salt producer with a workforce of 365, while AS Group is involved in food, trade and textile businesses.

All companies involved in the transaction are based in Bosnia.