M&As this week: Pidilite Industries, Oy Karl Fazer, and Daesang Corporation

23 June 2016 (Last Updated June 23rd, 2016 18:30)

Pidilite Industries' two wholly-owned subsidiaries Pidilite International and Pidilite Middle East have acquired Kenya-based Nebula East Africa Private, a producer and supplier of adhesives and sealants.

Fazer Breads

Pidilite Industries' two wholly-owned subsidiaries Pidilite International and Pidilite Middle East have acquired Kenya-based Nebula East Africa Private, a producer and supplier of adhesives and sealants.

Oy Karl Fazer has acquired artisanal bakery operator Pistrina Oy in a move to increase the number of its bakeries and to boost its business in the market.

Leading food company Pistrina's managing director will lead Fazer's business in Finland. Pistrina's product offerings include hand-baked and confectionery products.

Daesang Corporation acquired Vietnamese meat processor Duc Viet Food Joint-Stock Company in a transaction worth KRW37.51bn ($31.87m).

The acquisition represents a 100% stake in Duc Viet Food and comprises 13m shares.

South Korea's Daesang Corporation intends to strengthen its presence in the Southeast Asian food markets and is primarily engaged in the production of soy sauce, fermented vinegar, dextrose syrup, mayonnaise, soup, starches, and sweeteners.


Image: Oy Karl Fazer AB has acquired Pistrina Oy, a provider of hand-baked and confectionery products. Photo: courtesy of Oy Karl Fazer Ab.