M&As this week: Meadow Foods, Ezaki Glico, Dr August Oetker KG

Meadow Foods has acquired UK-based edible dairy-based oils provider Roil Foods.

Also based in the UK, Meadow Foods is involved in the manufacturing and supply of milk and dairy ingredients.

The acquisition is expected to strengthen Meadow Foods’ dairy ingredients portfolio.

Ezaki Glico has agreed to purchase US-based dark and milk chocolates producer TCHO Ventures.

Based in Japan, Ezaki is a food product and ingredients manufacturer.

Dr August Oetker KG has purchased a 49% stake in cake producer InterNestor Gmbh from KSK-Wagniskapital GmbH and KfW Group (formerly KfW Bankengruppe).

Dr August Oetker is a producer of baking ingredients and products, while KfW Group and KSK-Wagniskapital are state-owned development banks.

InterNestor’s current management and employees will be retained and the company will operate independently, following the acquisition.

All the companies involved in the acquisition are based in Germany.

US-based hedge fund sponsor The Blackstone Group intends to sell UK-based sugar confectionery and popcorn producer and supplier Tangerine Confectionery Limited.

Houlihan Lokey, an investment bank, has been appointed to handle the sale.

The Middleby Corp has purchased custom depositing machines manufacturer Hinds-Bock Corporation.

Based in the US, Middleby is a manufacturer of cooking equipment and related products.

The acquisition is expected to expand Middleby’s bakery and processing systems business.

Private car booking services provider Careem Networks FZ LLC has acquired online restaurant discovery platform operator RoundMenu Ltd.

Both the companies involved in the acquisition are based in the UAE.

Sysco Corporation has purchased US-based independent foodservice distributor Doerle Food Services.

Based in the US, Sysco Corporation is a frozen food, canned, and dry food distributor.

The acquisition includes only the foodservice distribution business of Doerle Food, the management team of which will be retained by Sysco.

The acquisition is expected to expand Sysco’s position in its core business.

Taiwanese food processing company Ting Hsin International Group has entered an agreement to acquire 17.8% share in Ting Hsin Holdings from Japanese trading company Itochu Corporation for $440m.

Based in the Cayman Islands, the target company is a manufacturer and distributor of packaged food products.

The acquisition is expected to be completed by March.