Kelloggs has announced its acquisition of Specialty Cereals, a privately owned manufacturer of natural ready-to-eat cereals based in Australia. The amount was undisclosed. For more deal headlines click here
Done Deals
• Kelloggs has announced its acquisition of Specialty Cereals, a privately owned manufacturer of natural ready-to-eat cereals based in Australia. The amount was undisclosed. For more deal headlines click here
• PCH international, a supply chain services firm, announced that it has received $21 million (£11.7 million) in funding from Lightspeed Venture Partners, Norwest Venture Partners and Focus Ventures
• Biovail has bought Prestwick Pharmaceuticals, a manufacturer of specialty pharmaceuticals, for $100 million (£55.7 million)
• Educational services firm DeVry has bought US Education, the parent organisation of Apollo College and Western Career College, for $290 million (£161.5 million)
• ION Geophysical has completed its acquisition of ARAM Systems, a Canadian-based provider of cable-based land seismic recording systems, for $236 million (£131.4 million)
• Mac Filmworks has completed the acquisition of Sahara Media, a multimedia company for an undisclosed sum
• A consortium of investors led by Unilever Ventures and FF&P Private Equity have invested £1.2 million in BAC, a specialist in affinity purification of biological materials
• RPS has announces the acquisition of MSL, a provider of specialist laboratory services to industry in the UK and mainland Europe, for £1.9 million
In the pipeline
• BTG has agreed to buy Protherics for some £218.1 million, marking the further consolidation of Britain’s biotech sector
• Whitemark Homes, a Florida-based company, has agreed to acquire Bluesky Oil and Gas. The transaction is expected to be completed in the next 30 days.
• Valeant Pharmaceuticals International has agreed to acquire CORIA Laboratories, a manufacturer and wholesaler of dermatological products, from DFB Pharmaceuticals for $95 million (£52.8 million)
• Japan-based Keihin Electric Express Railway has agreed to acquire Unionex, an operator of supermarkets, for Â¥5 billion (£26.6 million)
• The Dynamix Jewellery Group, a jewellery manufacturer based in India, has entered into an agreement to acquire all of JewelAmerica in a transaction set for completion next month
• Schnitzer Steel Industries has signed an agreement to acquire Ponce Resources of Salinas, Puerto Rico. Ponce is engaged in the business of collecting, processing, and selling ferrous and nonferrous scrap metal and operates out of four locations in Puerto Rico
• Swedish power group Vattenfall said it has agreed to pay £1.5 million for UK-based Eclipse Energy
• General Motors Corp is in talks to sell its truck operations to Japan’s number two truck maker Isuzu Motors
