M&As this week: Amplify Snack Brands, OSI Group, Frutarom Industries

Amplify Snack Brands has entered a definitive agreement with Crisps Topco and Subsidiaries to acquire Tyrrells in a £300m ($392.01m) transaction.

The US-based snack products producer will acquire the UK-based snack food business from Investcorp Bank and Crisps Topco's management team. The transaction is expected to be completed by the end of the third quarter this year.

Under the terms of the transaction, the current owners will receive £278m ($363.26m) in cash and approximately 2.1 million shares of Amplify’s common stock valued at £22m. Following the transaction, Crisps Topco will become a wholly owned subsidiary of Amplify.

The acquisition is part of the company’s strategy to expand its offerings and to boost its business in the international market.

Meat and food product manufacturer and distributor Baho Food has been acquired by US-based meat processor OSI Group in a transaction that is subject to merger control approval.

Baho Food is a Dutch producer with operations in Germany and the Netherlands and owns five subsidiary companies.

According to the terms of the transaction, Baho Food will retain its managing director and management team.

Israeli flavour and fragrance company Frutarom Industries has acquired Irish company Redbrook Ingredients Services Limited to enhance its business in the UK and Irish markets.

The acquisition of Redbrook is estimated to be worth €40m ($44.8m) and has been financed through bank debt. The terms of the transaction include a mechanism for an additional consideration depending on Redbrook’s future performance.

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Image: Baho Food is a Dutch manufacturer and distributor of meat products and food items for the retail and food service sectors. Photo: courtesy of cattalin via Pixabay.