Bolt-on strategy One of the standout UK transactions of the year was Yeo Valley’s acquisition of dairy brand The Collective, known for its high-protein gourmet yoghurts. The Collective was already partnered with Yeo Valley for its production, therefore bringing the brand into the Yeo Valley group made sense for improving supply chain costs and increasing revenue. Also, in December 2025, Bako Group acquired Bako Western for an undisclosed sum.