Acquisitions It’s take, take take.
Two acquisitions, or rumours thereof, for your perusing pleasure this week. First up, Pioneer Foods, which has made another purchase in the UK after buying Stream Foods, of kids’ snack ‘Fruit Bowl’ fame. Now they’re snaffling up The Good Carb Company, manufacturer of the iconic Lizi’s granola brand. What? Never heard of them neither? But granola is apparently growing massively in the land of porridge and suet pudding, about time too. Whatever they’re paying – and they’re not telling – we’re sure it’s worth it. Next up: Sea Harvest is going all horned-helmet berserker on Viking Fishing, again for an undisclosed amount. Viking is one of the biggest outfits in South African waters, pulling out such denizens of the deep as hake, pilchards, prawn, snoek and angelfish, although it has recently lost its inshore hake license and this might have put it in mind of a sale. Sea Harvest is also bidding for a controlling interest in Viking aquaculture business, which markets such delicacies as abalone, oysters, mussels and rainbow trout.
Comment: Two big deals, two very different markets.