Anheuser-Busch Companies has announced that it will acquire American brewery Devils Backbone Brewing Company in a deal expected to be complete by 30 June.
Devils Backbone will merge with Anheuser-Busch’s The High End business division, while maintaining its autonomy as part of the deal.
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First Beverage Group assisted Devils Backbone on the transaction, as financial advisor.
Cranswick plc entered a £40m ($56.48m) deal with the Thacker family and management to acquire meat and animal feed producers CCL Holdings Limited and its wholly owned subsidiary Crown Chicken, which are owned by Thacker.
Cranswick will avail its existing bank facilities to fund the deal.
Fairfax India Holdings Corporation, an investment firm, will acquire a 30% stake in Sanmar Chemicals Group in a $300m deal funded through issuing equity and fixed-income securities in two tranches of $250m and $50m respectively.
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By GlobalDataThe first tranche is expected to be complete by the second quarter of 2016, followed by the second within 90 days thereafter.
Both companies will global operations through the deal with Sanmar planning to increase its presence in Egypt and India.
Image: Anheuser-Busch is the largest brewing company in the US, with brands such as Budweiser, Busch and Bud Light. Photo: Courtesy of Anheuser-Busch Companies.
