Italian Company Acquires Flora Margarine and Branston Pickle-maker Princes Group

Monday, 27 May 2024, 21:00

In a significant move, Liverpool-based Princes Group is acquired by Italian rival Newlat Food in a £700m deal. This acquisition from Mitsubishi Corporation could potentially lead to the formation of a food powerhouse with combined revenues reaching £2.4bn. The deal reflects the ongoing evolution and consolidation within the food industry, reshaping the competitive landscape.

https://store.livarava.com/e9aea53b-1f31-11ef-a3f1-9d5fa15a64d8.jpg — Italian Company Acquires Flora Margarine and Branston Pickle-maker Princes Group

Acquisition of Princes Group by Italian Rival

In a substantial development within the food industry, Liverpool-based Princes Group has been acquired by Italian company Newlat Food in a notable £700 million deal.

Formation of a Food Giant

The acquisition, transitioning the ownership from Mitsubishi Corporation, paves the way for the establishment of a food industry behemoth with combined revenues estimated at £2.4 billion.

Merger Impact: The deal between Princes Group and Newlat Food signifies a pivotal moment of transformation in the food sector.
Competitive Landscape: The merger is expected to contribute to reshaping the competitive dynamics among food industry players.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.