PepsiCo, the US-based food and beverage giant, is expanding its Doritos brand into the functional snacking sector with the launch of Doritos Protein. The new range is designed to provide consumers with a more “nutritious” version of the traditional corn chip, offering 10g of protein per one-ounce (28g) serving. Launching in March 2026, the chips are made with dairy-based protein and contain no artificial colours or flavours. The product will …
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Lasso, the US food technology company, has announced the commercial debut of its proprietary Lasso SpinTech process through the launch of snack brands Froobies and CronchClub. Developed by scientists at Harvard University’s Wyss Institute, the patented SpinTech technology uses centrifugal force to physically weave protein and fibre together at a structural level. According to the company, this method eliminates the requirement for artificial additives, binders or excess sugar, allowing for …
Coca-Cola, the US-based multinational beverage giant, has entered into a strategic partnership with family-owned spirits company Sazerac to drive growth in the rapidly expanding alcoholic ready-to-drink (RTD) segment. Under the agreement, Red Tree Beverages (the company’s subsidiary for alcoholic ventures) is transitioning the production and distribution of several key brands to Sazerac. The portfolio includes the existing Fresca Mixed and Minute Maid Spiked lines, which were previously managed in collaboration …
Pure Treats, the Montreal-based pet food business, has announced the acquisition of Primal Pet Foods from private equity firm Kinderhook Industries. The transaction, which includes manufacturing sites in Texas and Colorado, was supported by Fredericks Michael & Co., who acted as the exclusive financial advisor to Pure Treats. Pure Treats, the owner of the PureBites and PureSnacks brands, described the deal as a “transformational moment” for the company. Based in …
Nasta Pet Food, the French-based pet nutrition group, has announced the acquisition of FirstMate Pet Foods, an independent Canadian pet food manufacturer. Based in British Columbia, FirstMate is a family-owned business founded in 1989 that operates a fully integrated manufacturing model, including its own kibble facility and cannery. The deal, which also involves parent company Taplow Ventures, marks a significant milestone in Nasta Pet Food’s expansion into North America, the …
Coca-Cola Canada Bottling, the independent beverage manufacturer and distributor, has announced a C$141 million ($102.9 million) investment to renovate and expand its flagship facility in Brampton, Ontario. The project involves the installation of a new state-of-the-art production line intended to increase the site’s capacity by 20 million cases per year. According to the company, the “technology-enabled” expansion is designed to increase manufacturing flexibility and accelerate the rollout of new product …
Tilray Brands, the global cannabis-lifestyle and consumer packaged goods firm, has entered into an exclusive multi-year licensing agreement with Danish brewing giant Carlsberg. Starting on 1st January 2027, Tilray will produce, market, sell and distribute the Carlsberg portfolio across all channels in the USA. The agreement, which has an initial five-year term with an automatic five-year renewal subject to performance criteria, includes the Carlsberg, Carlsberg Elephant, 1664 and Kronenbourg 1664 …
J.M. Smucker, the US food and pet products manufacturer, has announced a $20.5 million investment to expand its manufacturing facility in Topeka, Kansas. The project involves a $17.8 million capital investment in real property and $2.7 million for new equipment to support modernization and operational growth. According to the company, the expansion will add 28,000 sq ft of new space and renovate a further 32,000 sq ft. The Topeka site, …
Smithfield Foods, the US-based pork producer, has announced plans to build a new $1.3 billion state-of-the-art processing facility in Sioux Falls (SD). The proposed 1.4 million sq ft facility will be located in Foundation Park and is intended to replace the company’s existing downtown plant, which has been in operation for over 100 years. Combining fresh pork processing and packaged meat production, the plant is expected to be the most …
InnovAsian, a subsidiary of Japanese frozen food giant Nichirei Foods, has announced plans to construct a $105 million state-of-the-art manufacturing facility in Jonesboro (AR). The new 175,000 sq ftplant, located in the Craighead Technology Park, is expected to create approximately 200 new jobs. According to the company, the investment is intended to significantly increase production capacity for its high-growth multi-serve entree line, which includes Asian-inspired meals, appetizers, and side dishes. Nichirei is …
Coca-Cola, the US-based beverage giant, has announced plans to discontinue its Minute Maid frozen juice concentrate range in the USA and Canada. The move, which marks the end of an 80-year product line, will see the company exit the frozen can category entirely by the first quarter of 2026. According to a spokesperson for the company, the decision was made in response to shifting consumer preferences as demand for frozen …
Eti Gida, the Turkish snacks giant, has acquired the US-based plant-based protein bar brand TruBar in an all-cash transaction valued at $173 million. Under the terms of the agreement, the company has purchased 100% of the business with no earn-out provision. Founded in 2019, TruBar produces clean-label, dessert-inspired protein bars that are gluten-free, dairy-free and soy-free. The company, which achieved nearly $100 million in gross revenue in 2025, has a …
Refresco, the Netherlands-based beverage solutions giant, has entered into a definitive agreement to acquire SunOpta, the North American plant-based food and drink specialist, in an all-cash transaction valued at approximately $1.1 billion. Under the terms of the agreement, Refresco will pay $6.50 per share for the Eden Prairie (MN) headquartered firm, which represents a significant premium over its recent trading price. SunOpta provides supply chain solutions and innovation for major brands, …
Agrolimen, the Spanish food and pet care group, has announced the acquisition of Ollie, a New York-based fresh, human-grade dog food brand. Although financial terms were not officially disclosed, sources familiar with the transaction suggested the deal values the brand at over $600 million. Founded in 2016, Ollie operates a direct-to-consumer subscription model, utilizing national cold-chain distribution infrastructure to deliver veterinary-backed nutrition, including fresh food, treats and supplements, tailored to …
Smithfield Foods, the US-based pork and packaged meats giant, has confirmed it will close its dry sausage production facility in Springfield (MA) in August. The move is expected to impact approximately 190 employees, with layoffs scheduled to take place between April and September. According to the company, production from the Springfield site will be transferred to other packaged meats facilities within its network. The closure is part of a broader strategy …
Hain Celestial, the US organic and natural products company, has agreed to sell its North American snacks business to Canadian manufacturer Snackruptors for $115 million. The transaction includes the divestment of major brands such as Garden Veggie Snacks, Terra and Garden of Eatin’. The deal is part of Hain Celestial’s broader strategy to simplify its portfolio and focus on core high-growth categories. Following the sale, the company will retain its …
PepsiCo, the food and drinks multinational, has unveiled a new limited-edition Flavor Swap range in the US, featuring a mashup of flavours across its flagship Cheetos, Doritos and Ruffles brands. Set to hit shelves in mid-February, the new lineup consists of three cross-branded products: Cheetos Crunchy flavoured with Lay’s Sweet Southern Heat Barbecue, Ruffles featuring Doritos Cool Ranch seasoning, and Doritos coated in Ruffles Cheddar & Sour Cream flavour. The initiative is …
Western Smokehouse Partners, the Illinois-based meat snacks manufacturer, has acquired Junior’s Smokehouse Processing, a Texas-based producer of jerky and smoked sausages, for an undisclosed sum. The transaction adds a manufacturing facility in El Campo, Texas, to Western Smokehouse’s existing network, which includes plants in Missouri, Illinois, Iowa and Idaho. The company also announced plans to construct a second facility in El Campo, with work expected to begin in the first …
Campbell’s Soup has announced plans to close its snacks manufacturing facility in Hyannis (MA), and consolidate production of its Cape Cod and Kettle Brand crisps at other US sites. The closure, scheduled to conclude by April, will impact 49 employees. The Hyannis plant, which has been in operation since 1985, currently produces approximately 4% of the Cape Cod brand’s total volume. According to the company, the site “no longer makes …
Alpenrose Dairy, the historic Oregon dairy company owned by Smith Brothers Farms, has announced it will close its manufacturing facility in Clackamas (OR), marking the end of its production operations in the state. The facility, which produces butter, sour cream, and ice cream mix, is scheduled to cease operations on 31st March. The closure will impact approximately 35 employees. According to the company, the decision was driven by “worsening butter …
Rich Products, the US-based family-owned food company, has acquired Great Kitchens from private equity firm Brynwood Partners for an undisclosed sum. The transaction sees Rich Products take ownership of North America’s largest manufacturer of private label take-and-bake pizzas, which also produces flatbreads, strombolis, and calzones. The deal includes the acquisition of the Uno Foods brand, known for its Chicago-style deep-dish pizzas. Great Kitchens operates three manufacturing facilities in Romeoville and …
Violet Foods, the US-based tomato products manufacturer backed by private equity firm Amphora Equity Partners, has acquired the organic tomato brand Muir Glen from General Mills for an undisclosed sum. The transaction sees General Mills divest the 35-year-old brand as part of its ongoing portfolio reshaping strategy, which recently included the $2.1 billion sale of its North American yogurt business. For Violet Foods, the acquisition adds a nationally distributed organic …
Charcuterie Artisans, the US premium cured meats platform backed by private equity firm Entrepreneurial Equity Partners (e2p), has acquired Iowa-based artisanal brand La Quercia for an undisclosed sum. The transaction sees La Quercia join a portfolio that already includes Daniele International and Creminelli Fine Meats. Founded in 2005 by Herb and Kathy Eckhouse, La Quercia produces high-end cured meats, including its signature Prosciutto Americano, using Midwest pork. The company operates …
Creations Foods, the US-based snack manufacturer known for brands such as HighKey and Moon Cheese, has completed a strategic merger with Get Real Foods, the parent company of the free-from biscuit brand Real Cookies. The transaction, the financial terms of which were not disclosed, creates a new vertically integrated platform focused on the ‘better-for-you’ snacking segment. By combining Creations Foods’ manufacturing capabilities in the Pacific Northwest with Real Cookies’ brand equity, …
B&G Foods, the US holding company behind brands such as Crisco and Green Giant, has agreed to acquire the broth and stock business of Del Monte Foods for $110 million in cash. The transaction, which includes the College Inn and Kitchen Basics brands, emerged from a competitive auction process conducted as part of Del Monte Foods’ Chapter 11 bankruptcy proceedings. The deal will see B&G Foods add two well-established “pantry …
Procter & Gamble (P&G), the US consumer goods giant, has acquired the ‘clean’ digestive wellness brand Wonderbelly for an undisclosed sum, marking a strategic expansion of its Personal Health Care (PHC) portfolio. Founded in Austin (TX) in 2021, Wonderbelly markets a range of over-the-counter (OTC) medicines including antacids and anti-bloat formulas. The brand distinguishes itself with ‘free-from’ formulations that exclude artificial dyes, talc, titanium dioxide, and artificial sweeteners, utilizing recyclable …
Clorox, the US cleaning and consumer goods manufacturer, has entered into a definitive agreement to acquire Gojo Industries, the maker of Purell hand sanitiser, in a cash transaction valued at $2.25 billion. The deal, which includes anticipated tax benefits that bring the net purchase price to approximately $1.92 billion, is designed to significantly expand Clorox’s presence in the professional hygiene sector. GOJO, a family-owned business headquartered in Akron (OH), generates …
Smithfield Foods, the US-based pork processor and subsidiary of WH Group, has entered into a definitive agreement to acquire Nathan’s Famous in an all-cash transaction valued at approximately $450 million. The deal, which sees Smithfield pay $102 per share for the 110-year-old business, consolidates the ownership of one of America’s most recognisable hot dog brands. Smithfield has manufactured and distributed Nathan’s Famous products in North America under licence since 2014; …
Del Monte Foods, the US processed food manufacturer currently in Chapter 11 bankruptcy, has announced the closure of its production facility in Modesto, California, a move that will impact up to 1,800 workers. The decision to wind down operations at the historic Central Valley site follows the company’s recent court-supervised asset auction. While the company successfully agreed the sale of its core vegetable and fruit assets to Fresh Del Monte …
Highlander Partners, the Dallas-based private investment firm, has acquired the California-based hot sauce manufacturer Tapatio Foods for an undisclosed sum. Founded in 1971 by Jose-Luis Saavedra, Tapatio Foods has remained a family-owned business for over five decades, growing from a local start-up into a leading national brand. The company, headquartered in Escondido, produces a signature salsa picante, known for its “Charro” cowboy label design. Under the terms of the transaction, the Saavedra family …
MPearlRock, the US-based growth capital platform formed by MidOcean Partners and Kroger, has expanded its presence in the ‘better-for-you’ snacking sector with the acquisition of The Good Crisp Company for an undisclosed sum. Founded in 2015 and headquartered in Boulder, Colorado, The Good Crisp Company specializes in clean-label canister potato chips and cheese balls. The brand, which markets its products as gluten-free, non-GMO, and allergen-friendly, has established a retail footprint …
Beyond Meat, the US-based plant-based meat substitute producer, has ventured outside the food category for the first time with the launch of a new functional protein beverage line. The new product, branded as Beyond Immerse, has been introduced as a “refreshing” plant-based protein drink designed to support muscle health, gut health, and immune function. The range, which is free from GMOs and sugar alcohols, features a base of pea protein …
Fresh Del Monte Produce, the US-based produce giant, has agreed to acquire the vegetable, tomato and refrigerated fruit assets of bankrupt peer Del Monte Foods for $285 million, effectively reuniting the Del Monte brand under a single owner for the first time in nearly four decades. The transaction, which emerged from a court-supervised auction following Del Monte Foods’ Chapter 11 filing in July 2025, will see Fresh Del Monte take …
Izzio Artisan Bakery, the US-based wholesale bread producer, has opened a new 150,000 sq ft manufacturing facility in Thornton (CO) to meet rising national demand for sourdough products. The expansion increases the company’s total production footprint to more than 250,000 sq ft across two plants, including its existing site in Louisville. The Thornton facility is nut-free and SQF Level 3 certified, featuring state-of-the-art equipment designed to produce pan breads, baguettes and boules. …
JBS, the world’s largest meat processing company, is set to exit its long-standing meat snacks partnership with US-based manufacturer Jack Link’s. The Brazilian giant has filed a formal petition with the Administrative Council for Economic Defense (CADE), Brazil’s competition authority, to approve the sale of its 50% stake in Meat Snack Partners. Under the terms of the transaction, the venture will be acquired by LSI Inc., a Minneapolis-based entity representing …
Tropical Cheese, the US-based producer of Hispanic dairy products, has acquired Cibao Meat Products, a manufacturer of Hispanic-style meats, for an undisclosed sum. Based in Perth Amboy (NJ), Tropical Cheese plans to integrate the business as a new division to provide a more comprehensive portfolio of branded Hispanic refrigerated food products across the US East Coast. Founded in 1969, Cibao Meat Products is a third-generation family business that specialises in products …
USK Capital, the family office of Indian billionaire banker Uday Kotak, has acquired a majority stake in Go Raw, a US-based manufacturer of seed-centric snacks. The transaction, executed through an overseas entity, marks USK Capital’s first international investment and its debut in the consumer goods sector. The stake was acquired from Juggernaut Capital Partners, a Washington-based private equity firm, and other early-stage investors for an undisclosed sum. Go Raw, which …
Impossible Foods, the California-headquartered plant-based meat producer, has entered into a licensing agreement with bread and pasta specialist Equii to bolster its presence in the high-protein food sector. The partnership will allow Impossible Foods to pair its meat alternatives with Equii’s portfolio of protein-enriched products, which includes bread, pasta and baking mixes. The collaboration aims to provide consumers with more nutrient-dense meal options, such as plant-based burgers where both the …
Good Culture, the Austin, Texas-based clean-label cultured dairy brand, has entered into a definitive agreement for a majority investment from L Catterton, the global consumer-focused investment firm, positioning the company for accelerated growth across the USA. According to press statements, Good Culture’s sales have nearly quadrupled over the past three years while the broader cottage cheese category expanded by about 60% in the same period. Founded in 2015, Good Culture …
Anheuser-Busch InBev (AB InBev), the Belgium-headquartered global brewing giant, has announced a $30 million (£23.6 million) investment in its brewery located in Williamsburg (VA). The capital injection is specifically aimed at increasing the production capacity of Michelob Ultra, a premium light lager that has become a key driver of growth for the company’s North American portfolio. The upgrade includes the installation of a new cooling system and the expansion of …
Cobram Estate Olives, the Australian olive oil producer, has entered into a binding agreement to acquire California Olive Ranch (COR) for a total consideration of $173.5 million. The transaction for COR, a vertically integrated olive oil firm based in California, consists of $88.5 million in cash, $70 million in vendor notes, and an earn-out payment of $15 million. COR manages approximately 1,870 hectares of olive groves and is the producer …
Cizzle Brands, a Canadian investment firm, has entered into an agreement to acquire Flow Beverage Corp, the Ontario-based alkaline spring water producer, for a total enterprise value of approximately C$85.6 million ($60.63 million). Flow Beverage Corp is known for its alkaline water sourced from artesian springs and packaged in plant-based Tetra Pak cartons. Under the terms of the transaction, Cizzle Brands will acquire all issued and outstanding shares of the …
Premium Brands, the Canadian specialty food manufacturer, has completed the acquisition of Stampede Culinary Partners, a US-based protein supplier, for approximately $688 million. The transaction for the Chicago-headquartered firm comprised $512.5 million in cash and $150 million in common shares, alongside capital adjustments and cash reimbursements. Originally founded 30 years ago as a butcher operation, Stampede has evolved into a major supplier of sous-vide, plant-based proteins and value-added vegetables, servicing …
Sugar Foods, the US-based food manufacturer behind brands such as Fresh Gourmet, Mrs. Cubbison’s, Concord Foods and N’Joy, has secured a 617,000 sq production and distribution facility in Whiteland (IN) to strengthen its national supply chain and support growth across foodservice, retail and private label markets. The state-of-the-art facility, located in central Indiana, is designed to enhance distribution efficiency and provide space for phased expansion of manufacturing capabilities. It adds to …
Brella Beverage, a USA-based manufacturer of functional and spirits-based beverages, has announced the acquisition of the spirits brand portfolio of Chicago Distilling Company, an Illinois-based craft distillery. The transaction includes the acquisition of the Ceres Vodka and Finn’s Gin brands. According to Brella Beverage, the deal is intended to strengthen its footprint in the craft spirits and ready-to-drink (RTD) categories. Chicago Distilling Company is known for its “grain-to-glass” production philosophy, …
Laird Superfood, the US manufacturer of plant-based functional foods, has entered into a definitive agreement to acquire Navitas, the organic “superfood” brand, for $38.5 million in cash. The transaction, which is expected to close in the first quarter of 2026, will be funded through a $50 million private placement of Series A Convertible Preferred Stock to affiliates of Nexus Capital Management. Navitas, founded in 2003, specializes in nutrient-dense organic products …
V&V Supremo Foods, a Chicago-based producer of Mexican dairy and meat products, has announced plans to establish a new state-of-the-art production facility in Jefferson (WI). The company has acquired a 39-acre site for the development, which is intended to increase manufacturing capacity to meet rising national demand for its portfolio. While specific investment figures were not disclosed, the facility will be designed with advanced manufacturing technology and sustainable practices, the …
Trinchero Family Estates, the US-based wine and spirits producer, has agreed to acquire Mumm Napa, a leading premium sparkling wine brand, from the French beverage giant Pernod Ricard. Based in the Napa Valley, Mumm Napa is known for its portfolio of Methode Traditionnelle sparkling wines. The acquisition includes the brand itself, its inventory, and its Napa-based winery and visitor centre. According to Trinchero Family Estates, the deal strengthens its luxury …
Coty, the American beauty multinational, has finalised the sale of its remaining 25.8% stake in haircare brand Wella to the global investment firm KKR. Under the terms of the agreement, Coty will receive an upfront cash payment of $750 million. Furthermore, the company retains the right to 45% of any future proceeds from a potential initial public offering (IPO) or subsequent sale of the business, once KKR’s preferred return threshold …
Ritter Sport, the German family-owned chocolate manufacturer, has significantly bolstered its North American operations through the acquisition of the premium chocolate business of Creative Natural Products, a US-based confectionery firm. The deal specifically involves the purchase of the Seattle-based brand organic and fair-trade chocolate label Theo Chocolate. Following the acquisition, Ritter Sport intends to integrate Theo Chocolate into its portfolio to strengthen its foothold in the North American organic chocolate …
Campbell Soup, the US-based food and beverage giant, has acquired a minority stake in La Regina di San Marzano, a leading producer of premium pasta sauces and a long-standing manufacturing partner for the Sovos Brands portfolio. The investment, valued at approximately $45 million (£35.6 million), strengthens Campbell’s supply chain following its $2.7 billion ($2.1 billion) acquisition of Sovos Brands earlier this year. La Regina di San Marzano, an Italian-founded firm …
Tindle Foods, the Singapore-founded plant-based meat producer, has announced it will divest its direct-to-consumer and retail operations in the USA and shift to focus on private label partnerships within the European market. The company, which maintains a significant European presence through its German subsidiary (formerly Miammo), plans to leverage its research and development centre in Munich to provide plant-based solutions for European retailers. Tindle Foods’ portfolio includes various chicken alternatives, such …
Anheuser-Busch InBev (AB InBev), the global brewing giant, has agreed to acquire an 85% majority stake in BeatBox Beverages, the Texas-based ready-to-drink (RTD) alcoholic ‘party punch’ maker, for approximately $490 million. The agreement, expected to close in the first quarter of 2026 subject to regulatory approval, grants AB InBev an option to purchase the remaining 15% after five years via a predetermined pricing formula. The acquisition reinforces the brewer’s focus …
Bettani Farms, the US-based alternative protein startup, has rapidly expanded its product portfolio by acquiring three challenger brands: plant-based meat supplier Hungry Planet and vegan cheese producers Numu and Stockeld Dreamery. The Californian firm, which rebranded from Climax Foods in October following a $6.5 million Series A raise, is grouping the businesses under a new Bettani Brands umbrella to create a “wholistic set” of next-generation solutions for foodservice operators. The …
Perfetti Van Melle (PVM), the global confectionery leader, has broadened its North American portfolio by launching a new line of Airheads-branded carbonated soft drinks across the US. The Italian-Dutch group, known for confectionery brands including Mentos and Chupa Chups, confirmed the launch in partnership with Fire Brands, which has developed the new Airheads Soda line. The range is inspired by the brand’s chewy taffy sweets, aiming to translate their fruity …
FreshBrew, one of the largest private-label coffee and tea producers in the US, has acquired the Branded Coffee licensed division of New York-based White Coffee Corporation. The strategic acquisition, described by the companies as one of the largest transactions in the industry this year, transfers ownership of the nation’s largest portfolio of licensed bagged coffee and K-Cup products. The assets enable FreshBrew to develop, produce and market coffee for major …
Prosperity Organic Foods, the private firm behind the vegan butter brand Melt Organic, has announced the acquisition of dairy-alternative producer Miyoko’s Creamery. Founded in 2014 by Miyoko Schinner, Miyoko’s Creamery produces a range of artisan vegan cheeses, butters and cream products. Commenting on the move, Prosperity Organic Foods CEO Scott Fischer said: “We are excited to have the opportunity to grow the Miyoko’s brand as it aligns perfectly with our …
Canadian plant-based snack company TruBar has announced that it has entered into an agreement to be acquired by ETI Gida, a leading Turkish consumer packaged goods business, for C$201 million ($142 million). Trubar is described as a snacking company offering a range of plant-based protein snacks made with natural, clean-label ingredients, distributed through national retailers, club stores and e-commerce platforms across North America. Commenting on the move, Trubar executive chairman …
Horizon Family Brands, a leading US provider of better-for-you food and beverages, has acquired Maple Hill Creamery, America’s original 100% grass-fed organic dairy company. Maple Hill, founded in 2009 and known for milk, yogurt, kefir and butter sourced exclusively from small family farms under regenerative agriculture standards, will now operate under Horizon’s broader platform. The companies said the acquisition would improve their supply-chain efficiency, accelerate new product innovation and expand …
Swedish hygiene and health firm Essity has entered into an agreement to acquire toiletries giant Edgewell’s feminine care business for $340 million. Through an asset agreement, Essity will take ownership of Edgewell’s feminine care business, which includes liners, pads and tampons. The transaction covers the Carefree, Stayfree and o.b. brands in the USA, Canada, and the Caribbean, global Playtex rights in feminine care, and a manufacturing facility located in Dover, …
McCain, the leading frozen potato firm, has entered into an agreement to acquire Penobscot McCrum LLC (McCrum), one of North America’s premier suppliers of frozen potato specialty products. As a result of the acquisition, McCrum’s Maine processing facility will operate independently and agree a potato supply arrangement with McCain, and about 130 employees at the plant will move to McCain. Commenting on the acquisition, McCain Foods regional president, North America, …
Danone, the global dairy firm, has announced a major investment in its Boucherville plant in Canada to increase the company’s production capacity and strengthen its brands such as Oikos, Activia and Danone. The investment will support growth through a 40% uplift in yoghurt tub production and a 20% increase in the intake and processing of Canadian raw milk. Commenting on the move, Danone Canada president Frederic Guichard said: “Canadians are …
Mantiqueira USA, the US egg supplier co-owned by meat giant JBS, has entered a binding agreement to acquire Hickman’s Egg Ranch, a leading egg producer based in the Mountain and West Coast regions. Founded in 1944, Hickman’s Egg Ranch is recognised as the largest egg producer in the US Southwest. Mantiqueira USA operates as a joint venture between the Pinto family, founders of Mantiqueira, and JBS NV, one of the …
PepsiCo, the US-based food and drink business, has announced plans to close its Frito-Lay plant and onsite warehouse operations in Orlando (FL). “PepsiCo Foods US announced the shutdown of manufacturing and warehouse operations at our Orlando plant. This action was driven by business needs, and we are committed to treating every impacted employee with care—providing transition assistance, career support, and pay and benefits during this time”, PepsiCo is quoted as …
Cotton Creek Capital, a private equity firm, has acquired Ne-Mo’s Bakery, a San Diego producer of sweet baked goods, with the intention of supporting the company’s expansion and boosting manufacturing and innovation capabilities. Founded in 1975, Ne-Mo’s Bakery is a leading producer of sweet baked goods, offering cakes, cookies, cinnamon rolls, and a range of speciality items. Its products are distributed throughout the US through convenience stores, supermarkets, restaurants and …
Global branded food company Hormel Foods has announced plans to separate its Justin’s nut butter and chocolate snack brand through a strategic partnership with Forward Consumer Partners, a private investment firm. As part of the agreement, Forward Consumer Partners will acquire a 51% stake in the business, while Hormel will retain a 49% interest, allowing Justin’s to operate as an independent company. Commenting on the move, Hormel Foods president John Ghingo …
Urban Farmer, a private-equity-backed producer of plant-based bakery products, has announced the acquisition of Caulipower, the US frozen-food business specialising in cauliflower-based products. Urban Farmer is a portfolio company of Paine Schwartz Partners and a producer of plant-based speciality dough, frozen pizzas, crusts, and bakery products, operating manufacturing facilities in Manteno (IL). Commenting on the move, Urban Farmer CEO Chris Jaromin said: “CAULIPOWER’s commitment to making better-for-you foods accessible and delicious …
US-based household firm Kimberly-Clark has announced the acquisition of leading global consumer health firm Kenvue for $32 billion. Kenvue is described as the world’s leading consumer health company by revenue, housing science-backed brands such as Aveeno, Band-Aid, Johnson’s, Listerine, Neutrogena and Tylenol. Commenting on the move, Kimberly-Clark chairman and chief executive officer Mike Hsu said: “Kenvue is uniquely positioned at the intersection of CPG and healthcare, with exceptional talent and a …
Fresca Foods, a co-manufacturer of natural and organic snacks, has announced a strategic partnership with Cerealto, a leading contract producer of biscuits, cereals and snack bars in Europe, the UK and Mexico. Founded and headquartered in Colorado, Fresca Foods co-manufactures for the US and global brands across five major categories: snack bars, granola, breakfast cereals, crackers and biscuits. Commenting on the deal, Cerealto CEO Bosco Fonts said: “Today’s announcement marks …
B&G Foods, the US-based ambient and frozen foods company, has announced that it has entered into an agreement to sell its Green Giant and Le Sieur frozen brands in Canada to Nortera. According to B&G Foods, the proceeds will be utilised for general corporate purposes, including long-term debt repayment, acquisition of assets relevant to its business activities, and the settlement of taxes, fees and sale-related expenses. Nortera is a leading …
PNC Brands Group, which provides integrated support for food brands and is the parent company of Pivot North Consulting Group and PNC Specialty Foods, has acquired a majority stake in the US-based, family-owned ice cream business Ice Cream Factory. Founded in 2019, Ice Cream Factory produces handcrafted ice cream sold in thousands of retail outlets across the United States, as well as offering co-manufacturing services to regional and emerging food …
E-commerce giant Amazon has announced the launch of Amazon Grocery, a new private-label brand featuring more than 1,000 foods with a customer rating of four stars or higher. Amazon said its range includes milk, olive oil, fresh produce, meat, and seafood with the majority of products priced below $5 for strong customer value. The private-label brand unites the Amazon Fresh and Happy Belly lines into a single, streamlined grocery essentials …
Multinational Dutch brewer Heineken has announced that it has entered into binding agreements with its long-term partner Florida Ice and Farm Company (FIFCO) to acquire the remaining 75% of Distribuidora La Florida, as well as FIFCO stakes in certain other businesses, for $3.2 billion. Heineken’s stake in Distribuidora La Florida, encompasses its beverages, food, and retail operations, including more than 300 Musmanni and Musi outlets in Costa Rica, with further …
Strauss Group, a food and beverage manufacturer, has announced the launch of CowFree, a new brand range containing animal-free beta-lactoglobulin (BLG) protein that mirrors the properties of cow’s milk protein. The product range includes a milk drink analogue under the name Yotvata, and a cream cheese under the name Symphony. The products are described as being are fortified with calcium and complete protein, including all essential amino acids. Commenting on the launch, Strauss …
Equity fund Render Capital has announced that Louisville Vegan Jerky Company, part of its Fund 1 portfolio, has been acquired by Louisville Brands, an expanding group of consumer packaged goods businesses. Louisville Vegan Jerky is reportedly a leading plant-based snack jerky brand, outselling both meat and non-meat rivals in Whole Foods stores across the US. Commenting on the move, Louisville Brands CEO Justin Delaney said: “Louisville Vegan Jerky has built …
Japanese food major Calbee, via its US subsidiary, has announced that it has acquired a 58% stake in US tofu and plant-based food producer Hodo. As part of the venture, Sagamiya Foods, a leading Japanese tofu producer, has acquired a minority stake in Hodo and will provide technical support to reinforce its growth plans. Founded in 2004 and headquartered in Oakland, California, Hodo is a leading US tofu producer, offering …
Gallo, the international wine major, has announced it has reached a deal to acquire Whiny Baby, a wine brand that is described as targeting a Gen Z audience. Launched in 2020, Whiny Baby promotes “a reimagined wine experience” that is claimed to help make choosing a wine “fun, easy, and engaging”. Shoppers are encouraged to “choose a bottle based on your mood, emotion or occasion”, with varieties in the brand lineup …
Mars, the US-based diversified food company, has announced plans to invest €1 billion ($1.17 billion) to boost manufacturing and innovation across the EU. At the production level, the company is planning to invest significantly to modernise its manufacturing footprint, upgrading facilities to boost efficiency, product quality and consumer innovation, including new pouch packaging for its Whiskas cat food brand and the rollout of Extra / Orbit Refreshers chewing gum. Among the …
Irish global nutrition group Glanbia has announced that it has signed an agreement to sell weight management brand SlimFast US to Heartland Food Products Group, a US-based leader in the consumer-packaged goods industry, for an undisclosed sum. The existing Heartland Food Products Group portfolio features Splenda, a zero-calorie sweetener brand offering stevia and monk fruit in powder and liquid form, as well as coffee creamers, nutrition shakes and water enhancers. …
MBC Companies, a diversified player in the US frozen foods market, has announced the acquisition of Alpha Foods, a family-owned frozen pizza manufacturer based in Waller (TX). In a statement, MBC Companies said the deal would expand its manufacturing footprint, fuel product innovation and strengthen its ability to serve customers nationwide across multiple channels. Founded in 1984, Alpha Foods has grown from a small regional foodservice distributor into a nationwide producer …
21st Amendment, a leading San Francisco craft brewer, has announced it is to close after 25 years of operation. According to reports, the company plans to slowly wind down operations at its San Leonardo production facility over the next two months with the goal of closing completely by early November. 21st Amendment is described as having faced challenges including shifting consumer preferences, rising competition, and the sudden withdrawal of support from a key …
US food giant Kraft Heinz has announced it will split into two independent, publicly traded companies in a tax-free spin-off. In a statement, the company said the move was designed to streamline operations, sharpen focus and unlock new growth opportunities. The first of the two separate companies will be a $15.4 billion business known as Global Taste Elevation Co, with a brand portfolio encompassing Heinz, Philadelphia, and Kraft Mac & …
US breakfast cereal maker Post Holdings has announced that has entered into a definitive agreement to sell the pasta business of 8th Avenue Food & Provisions to the US arm of Canadian agrifood business Richardson. Richardson will pay $375 million in cash for the business and also assume $80 million in leaseback financial liabilities. The transaction includes three manufacturing facilities located in North Dakota, Minnesota and Virginia, with around 500 …
Diageo, the UK alcoholic beverages multinational, has announced plans to close its bottling facility in Ontario, Canada by February 2026. In a statement, the company said the decision was part of its strategy to increase the efficiency and resilience of its manufacturing footprint in North America. The company will otherwise maintain its existing footprint across Canada, including its headquarters and warehousing operations in the Great Toronto Area and Quebec. “This …
The latest innovation insight from Gama Compass MANCHESTER – 28th August 2025: The power of food and drink to enhance cognitive function – as part of a broader trend for ‘super-human’ health benefits – has piqued consumer interest in recent years. This month’s Innovation Insight explores how these claims are increasingly entering the infant food and drink space, focusing on a key case study – Little Brainiac Neuro+ Fruit & Vegetable Smoothie. Read this Innovation …
Danone, the global dairy firm, has announced its plans to invest in expanding its yoghurt facility in Minster, OH, where it produces brands including Oikos, Activia, Dannon and Danimals. The investment plan includes expanding the site by 48,000 sq ft, installing a new production line and modernising operations, which will generate approximately 30 full-time jobs. Commenting on the move, Danone North America president Dan Magliocco said: “Our commitment to American …
Keurig Dr Pepper (KDP), the soft drinks and coffee firm, has announced that it has entered into an agreement to acquire Netherlands-based coffee and tea major JDE Peet’s for €15.7 billion ($18.21 billion). This transaction will combine Keurig, North America’s foremost single-serve coffee platform, with JDE Peet’s global coffee brands, building the world’s largest coffee company. On completion, KDP intends to establish two US-listed entities: Beverage Co in refreshment drinks …
JBS, the global meat producer, has announced plans to invest $100 million to acquire a facility in Ankeny (IA) to establish its largest US ready-to-eat bacon and sausage plant. The facility, spanning 186,000 sq ft, will be transformed to produce fully cooked bacon and sausage products, having previously produced other food items for Hy-Vee stores. Commenting on the move, JBS USA chief executive officer Wesley Batista Filho said: “Today’s announcement aligns with …
Danone, the dairy giant, has announced the launch of a “first-of-its-kind” cultured dairy drink that features a patented blend of nutrients designed to help build & retain muscle mass during weight loss. Oikos Fusion offers 23g of protein, 5g of prebiotic fibre and vitamins D, B3 and B12 in a lactose-free drink with zero added sugar. The product is also claimed to be free from artificial sweeteners and colours and …
US-based equity firm Hoffmann Family of Companies (HF Companies) has announced the acquisition of Elmer Chocolate, a leading US producer of heart-shaped chocolates that caters especially to Valentine’s Day and Easter. The company was founded in 1855 and has a manufacturing facility in Ponchatoula (LA). Commenting on the move, HF Companies Co-CEO Geoff Hoffmann said: “We’re honored to partner with the Nelson family and build on Elmer Chocolate’s remarkable legacy. …
Keurig Dr Pepper (KDP), the soft drinks and coffee firm, has announced the acquisition of full ownership of Dyla Brands, a key player in the powdered drink mix and liquid water enhancer business. Dyla Brands’ product portfolio includes natural water enhancer Stur, as well as licensed products under KDP-owned trademarks such as Crush, Hawaiian Punch, 7UP and Snapple. The company sells more than 1.5 billion drink mix servings annually and …
Dairy Farmers of America (DFA), the farmer-owned global dairy cooperative, has announced the acquisition of Wisconsin based dairy firm W&W Dairy. The acquisition includes the W&W Dairy business, its licensed brands, and the manufacturing facility in Monroe which produces a variety of Hispanic cheese products including queso fresco, cotija, queso blanco, quesadilla, panela and para freir. “The growth trajectory for the Hispanic cheese market is more than three times that of …
Food manufacturer B&G Food has announced the sale of the Le Sueur brand of peas, green beans and carrots to preserved fruit and vegetable specialist McCall Farms for an undisclosed sum. The proceeds from the sale will be used for general corporate purposes including the repayment of long-term debt, the purchase of assets useful in B&G Foods’ business, and to pay taxes, fees and expenses related to the sale. B&G …
US snack maker Utz Brands has announced it will close its manufacturing facility in Grand Rapids (MI) by early 2026, as part of a broader effort to streamline operations and boost supply chain efficiency, according to a FoodBev report. The decision, revealed alongside the company’s Q2 earnings report, will reduce the company manufacturing footprint from eight plants to seven. CEO Howard Friedman said the move reflected a focus on “operational excellence …
Snacking and soft drinks giant PepsiCo has announced the launch of Pepsi Prebiotic Cola, which the company claims is the first major innovation in the traditional cola category in two decades. Featuring 5 grams of cane sugar and 30 calories per can, with no artificial sweeteners, Pepsi Prebiotic Cola is touted as offering the classic crisp, refreshing taste of Pepsi with the added benefit of 3 grams of prebiotic fibre. It …
Generous Brands, a portfolio company of private equity firm Butterfly, has announced that it has signed an agreement to acquire California-based soft drinks firm Health-Ade from fellow equity funds First Bev and Manna Tree Partners . Founded in 2012, Health-Ade positions itself as a producer of “feel-good, bubbly beverages” with gut-health benefits, including kombucha, prebiotic sodas and cocktail mixers. The company has annual retail sales of $250 million and its …
Jack Link’s, the US-based meat firm, has announced the acquisition of meat snack brand Kooee via its Australian division Link Foods APAC to expand its premium offering across the Asia-Pacific region. Founded in 2015 in north-west Tasmania by Shaun Malligan, Kooeee! offers a range of beef jerky and meat sticks made from 100% grass-fed beef and free-range pork, reportedly using natural, gluten-free, and clean ingredients. The brand is available in …
Los Angeles-based bakery firm King’s Hawaiian has announced plans to invest $54 million to expand its 150,000 sq ft facility in Oakwood South Industrial Park, creating more than 135 new jobs. As part of the expansion, King’s Hawaiian will add a new production line to manufacture more flavours of its Pretzel Bites. Commenting on the move, King’s Hawaiian CEO Mark Taira said: This expansion represents a major milestone in our …
Vilore Foods, the US importer and distributor of the La Costena and Jumex brands, has announced the acquisition of Mexican food brand Tia Lupita Foods. This acquisition marks Vilore Foods’ entry into the natural foods sector, broadening its portfolio with Tia Lupita Foods’ gluten-free, non-GMO and preservative-free products, including signature hot sauces, grain-free cactus tortilla chips and chilli oil Mexican Chili Crunch. Commenting on the move, Vilore Foods director of …
The Canadian division of dairy giant Lactalis has announced it plans to close its plant-based beverage facility in Sudbury, Ontario, in the process withdrawing entirely from dairy alternatives. Originally a dairy plant established in 1962, the site was converted to a fully plant-based operation in 2022 and reopened in June 2024 as the company’s first dedicated plant-based facility, producing high-protein, unsweetened beverages under the Enjoy brand. Operations will cease on …
Confectionery firm Ferrero has announced that it has entered into a definitive agreement to acquire WK Kellogg, the US breakfast cereal manufacturer, for $3.1 billion. Commenting on the move, Ferrero Group executive chairman Giovanni Ferrero said: “Over recent years, Ferrero has expanded its presence in North America, bringing together our well-known brands from around the world with local jewels rooted in the U.S. Today’s news is a key milestone in …
The US-based subsidiary of French dairy giant Lactalis has announced it will invest more than $75 million to upgrade its Walton and Buffalo facilities in New York state, expanding capacity and efficiency. The investment at the two sites, which process over 800 million lb (36o million kg) of raw milk annually, will retain over 800 workers and create more than 50 new positions. Lactalis USA CEO Esteve Torrens said: “Lactalis …
Tyson Foods, the leading US meat firm, has announced a $23.5 million investment to expand and modernise its poultry facility in Robards, in Kentucky’s Henderson County . The project is expected to support the retention of over 1,100 jobs and will include new equipment and infrastructure upgrades aimed at boosting production capacity and product diversity. Construction is planned to begin later this year, with completion anticipated by spring 2026. …
International cosmetics firm L’Oreal has agreement to acquire Colour Wow, a professional haircare brand founded in 2013 by Gail Federici. Operating across the US and UK, the brand is reportedly known for its high-performance formulas and products such as Dream Coat and XL Bombshell Volumizer, and is available in selective retail and e-commerce platforms, as well as salons. The acquisition will see Colour Wow join L’Oral’s Professional Products Division, reinforcing …
Bubbies Ice Cream, a Hawaiian firm best known for mochi ice cream, has been acquired by by Marubeni, a leading Japanese trading and investment firm. Founded in 1985, Bubbies Ice Cream is described as being known for its premium positioning and unique flavours, recently venturing into a new frozen category with its Mini Ice Cream Cookie Sandwiches. Commenting on the move, Bubbies Ice Cream chief executive officer Jeff Stites said: …
FMCG giant Unilever has announced that the company has acquired men’s personal care brand Dr. Squatch from growth equity firm Summit Partners. In a press release, Unilever said the addition of Dr. Squatch to the firm’s portfolio was part of its strategy to increase its number of premium and high growth products. Dr. Squatch is described by Unilever as a “highly engaging” brand with viral marketing strategies, and which is currently selling its …
US food giant General Mills has announced that it is acquiring the assets of Gladstone Food Products, a producer of packaged foods. Originally founded in Gladstone (MI) in 1967, Gladstone Food Products manufactured taco shells under its own brand name and taco seasoning under the La Tiara brand. The company ceased operations in January, reportedly due to construction disruptions and increased costs, entering receivership on 18th March. Commenting on the …
Gama spoke to Jeff Lenard, Vice President of NACS Media & Strategic Communications, ahead of the latest edition of the NACS Show. What are your expectations for the NACS Show 2025? We always focus on what attendees say they most want at the event. They tell us they like the format of the NACS Show: four days of learning, buying and selling, networking and fun — all designed to …
Blue Diamond Growers, a US cooperative of almond growers, is set to close a plant in Sacramento (CA) and transfer most of its manufacturing operations to its existing facilities in Turlock and Salida, in the same state. Founded in 1910, Blue Diamond Growers is the world’s leading almond cooperative, supporting nearly 3,000 almond growers across California. Headquartered in Sacramento, the company has a workforce of about 1,400. Commenting on the move, …
Kruger, the Canadian tissue and packaging company, has announced that it has inaugurated a new LDC (light dry crepe) tissue plant facility in Sherbrooke, adjacent to an existing plant for Thru-Air Dried (TAD) products. In a press release, the company said the new facility was part of C$377.5 million ($275.4 million) expansion project that includes the construction of a double-wide tissue machine with LDC technology, and two new converting lines, one …
Conagra Brands, a leading US food manufacturer, has announced that it has entered into a definitive agreement with High Liner Foods, a Canadian processor and marketer of frozen seafood, to sell its Van de Kamp’s and Mrs. Paul’s frozen seafood brands for $55 million in cash. Mrs Paul’s and Van de Kamp’s dominate the US market for frozen breaded and battered seafood, with offerings such as fish for tacos, sandwiches, …
Canadian meat processor Olymel has announced plans to invest C$142 million ($104 million) to expand its La Fernandiere facility in Trois-Rivieres with a state-of-the-art integrated plant. With the new investment, the plant will move beyond sausage production to offer a wider selection of pork and poultry goods. It will be converted into an integrated facility where full processing and packaging occur on site, enhancing efficiency and reducing transport costs. Commenting …
Johnsonville, a family-run US sausage business, has announced plans to close its processing plant in Momence (IL) with the loss of 274 jobs. Founded in 1945, Johnsonville offers more than 80 types of sausage, sold in over 40 countries and featured at more than 75 sporting venues. The Momence site opened in 1962 and has been producing meat products for the brand since 1995. “We made the difficult decision after evaluating how …
Irresistible Foods Group, a US bread and pickles manufacturer, has announced that the firm has recently broken ground on a new facility near Columbus (IN) for its Grillo’s Pickles brand. According to sources, the new 155,000 sq ft facility is part of the company’s efforts to expand in the Midwest and meet growing demand for fresh pickles. The new plant will sit alongside another being built for the sweet bread brand King’s Hawaiian, projected to …
Post Holdings, a leading consumer packaged goods holding company, has announced a definitive agreement to acquire 8th Avenue, a diversified food manufacturer. Under the agreement, Post will eliminate 8th Avenue’s outstanding net debt and acquire all equity interests for a net payment of approximately $880 million. 8th Avenue specializes in branded and private label dry pasta, nut butters, granola, and fruit & nut products. Post-acquisition, Post Holdings will internalize the …
JM Smucker, a US-based food and beverage company, has announced plans to close its manufacturing facility in Indianapolis (IN), which produces Hostess-branded products, and consolidate operations at other existing sites. The facility was originally acquired by JM Smucker as part of its $5.6 billion deal to buy Hostess Brands in 2023. Commenting on the move, Pet and Sweet Baked Snacks senior vice president and general manager Judd Freitag said: “This decision continues the ongoing …
JBS, the global meat company, has announced plans to invest $135 million in the construction of a state-of-the-art sausage production facility in Perry (IA). The new facility is expected to produce 130 million pounds of sausage annually. It will initially operate with one shift and 250 staff, with plans to expand to two shifts and double the workforce. Subject to approval, the project will generate 500 direct jobs. Commenting on …
Nightingale Ice Cream, a US ice cream sandwiches producer, has announced plans to relocate to a newly developed $5.8 million production site in Southside (VA), creating 166 jobs. Founded in 2016, Nightingale is a specialist in handcrafted ice cream products, with its range available in over 5,000 retail locations including Whole Foods Market, Kroger, The Fresh Market and Harris Teeter. The new facility spans 29,000 sq ft and was originally built in …
B&G Foods, the US-based ambient and frozen foods firm, has announced that it has sold its Don Pepino and Sclafani brands of sauces and canned tomatoes to Violet Foods, a newly formed portfolio company of equity fund Amphora Equity Partners. In 2010, B&G acquired Sclafani, Don Pepino and Violet through its purchase of Violet Packing from LaSalle Capital, including the brand and a facility in Williamstown (NJ) facility. Sclafani offers …
Kewpie, the Japanese seasonings firm, has announced the opening of its second production facility in the US state of Tennessee, as well as the start of condiment production for its subsidiary Q&B Foods. Commenting on the move, Kewpie representative director, president, and chief executive corporate officer, Mitsuru Takamiya said: “Our plan is for this Tennessee facility to become the manufacturing base not just for the United States but for all …
Kettle & Fire, a producer of shelf-stable bone broth, has announced the opening of its first company-owned processing facility in Lancaster (PA). Founded in 2014, Kettle & Fire is a brand of shelf-stable bone broth, crafted using 100% grass-fed and grass-finished, free-range or pasture-raised bones, available in over 22,000 shops across the US and online. Commenting on the move, Kettle & Fire co-founder Justin Mares said: “Because health is in …
Coca-Cola Consolidated, the leading independent US Coca-Cola bottler, has announced it has invested $90 million to expand its facility in Columbus (OH), significantly enhancing operations and workforce capacity. The upgraded warehouse will process over 16 million cases of product annually, supported by a semi-automated Vertique system that improves efficiency and working conditions. The expansion has created 35 jobs and will allow distribution across Ohio, Kentucky, and Indiana. In addition, the …
Royal Canin, a Mars affiliate, has announced the opening of its largest ever dry pet food factory in Lewisbur(OH) via a $450 million investment With a reported area of 450,000 sq ft, the new packaging centre is expected to produce enough dry pet food to feed four million pets every year. The site will also serve as a hub for the brand’s full regional dry kibble portfolio. Commenting on the move, …
Chobani, the leading US greek yoghurt firm, has announced the acquisition of Daily Harvest, a plant-based frozen smoothie and meals start-up, for an undisclosed amount. Founded in 2015, Daily Harvest is a New York-based company operates through a direct-to-consumer model, aiming to provide convenient, organic options rich in fruit and vegetables. Commenting on the move, Daily Harvest CEO Ricky Silver said: “I’m excited to share a new chapter in our journey. …
US food giant Kraft Heinz has announced plans to invest $3 billion to modernise its 30 existing manufacturing sites to strengthen operations and expand market reach. In an interview with Reuters, a company spokesperson said the upgrades were designed to make plants more efficient, helping reduce costs and potentially ease the impact of any import tariffs. The investment will also help the company to create and sell new products more …
US meat snack company Archer has announced the opening of a second production facility, nearly doubling its total manufacturing capacity. Located in the Vernon district of Los Angeles (CA), the plant will span an area of 140,000 sq ft and focus solely on meat stick production. An existing facility in San Bernardino (CA) will continue producing both jerky and meat sticks. Commenting on the move, Archer founder and chief executive officer Eugene Kang …
Verde Valle Foods, a producer and distributor of rice, beans and ready meals in a pouch, has announced the acquisition of A Dozen Cousins, a brand focused on ready-to-eat dishes inspired by Creole, Caribbean, and Latin American traditions. Founded in 1967, Verde Valle is a third-generation family firm that owns leading brands such as Verde Valle, Isadora and Helena’s Hummus. Established in 2019, A Dozen Cousins specialises in ready-to-eat foods …
Kameda Seika, a Japanese snack firm, has announced that it is divesting its US brand Mary’s Gone Crackers (MGC) to Rosseau Inc, a US subsidiary of Canadian food manufacturer Dare Foods, in a debt-equity swap. Founded in 2004, MGC offers organic, kosher, gluten-free and non-GMO crackers, available at grocery and speciality stores in both the United States and Canada. In statement, Kameda Seika said MGC had faced difficulties due to changes in its …
Danone, the food and beverage multinational, has announced that it has entered into a definitive agreement to acquire a majority stake in Kate Farms, a US-based producer of plant-based, nutritional shakes and formulas for adults and children. Kate Farms shakes are described as containing organic pea protein, fibre and phytonutrients, with no artificial additives or any of the top nine allergens. Commenting on the move, Kate Farms chairman and chief …
Dr. Schar, a specialist in gluten free baked goods, has announced that the company is expanding its existing facility in Swedesboro (NJ). In a press release, the company said it was investing $28 million in the facility in order to improve product consistency, efficiency and overall baking, as well as higher quality office space. Commenting on the move, Jim Morris, general manager of Schar North America, said: “This expansion is …
Leading US food manufacturer Conagra Brands has announced it has entered into an agreement to sell Chef Boyardee, an ambient ready meals brand, to Hometown Food Company, a portfolio company of private equity Brynwood Partners, for $450 million. This transaction includes a manufacturing facility in Milton (PA) and a full range of shelf-stable operations and assets, excluding frozen frying pan meals that will be licensed to Conagra by Hometown Food Company. …
Rustica Foods, a leading privately owned Canadian pizza producer, has announced plans to build a third production facility to expand its market reach. Founded in 2000, Rustica Foods is a producer of both fresh and frozen pizzas under the Rustica and Mia brands, and also manufactures for major private-label clients in Canada and beyond. It employs 500 staff and generates over C$100 million ($72 million) in revenue. This expansion is …
Agristo, a Belgium-based potato processor & Europe’s leading supplier of frozen potato products, has announced plans to build a $450 million potato processing plant in Grand Forks, in the US stated of North Dakota. The planned facility, intended to manufacture frozen potato products such as chips (fries) and hash browns, is set to be constructed on land that was previously earmarked for a corn milling plant by the Fufeng Group. …
Milo’s Tea, an Alabama-based firm that manufactures, distributes, markets and sells ice teas and lemonades throughout the USA, has announced the opening of a manufacturing and distribution facility in Spartanburg, South Carolina, via a $200 million investment. Milo’s Tea said it grown more than threefold over the past ten years, going from fewer than 50 to nearly 1,000 staff and scaling up from one to four manufacturing facilities. Commenting on the move, …
Chobani, the Greek yoghurt specialist, has announced plans to invest $1.2 billion in upstate New York to build its third US dairy processing plant. The new plant, under construction on a 150-acre site, will cover 1.4 million sq ft and is expected to help Chobani drive innovation and meet growing demand. The site will have the capacity to generate over 1 billion lb (450 million kg) of dairy goods per annum. …
Hershey, the US confectionery and snacks firm, has inaugurated a new chocolate processing facility, which stands as both its first fully integrated digital plant and the first manufacturing site added to its headquarters in more than 30 years. Situated on a 55-acre site next to the Hershey Technical Centre and the current Reese’s manufacturing plant, the newly-built 250,000 sq ft chocolate processing facility is set to produce chocolate for a …
Italian-based confectionery firm Ferrero has announced an investment of C$445 million ($320 million) to upgrade a production facility in Brantford, in the Canadian state of Ontario. According to sources, the expansion will aid in manufacturing new products, such as the recently-launched Ferrero Rocher chocolate squares. Nutella biscuits will also have a production line at the facility, their first outside Europe. The investment is part of Ferrero’s strategy to diversify its portfolio …
US breakfast cereal maker Post Holdings has announced the closure of two if its Post Consumer Brands cereal manufacturing facilities in Cobourg, Canada and Sparks, in the US state of Nevada. The closures are required to reduce capacity in its cereal production network, the company said, noting approximately 300 employees will be affected. “The ready-to-eat cereal category continues to decline”, said Nicolas Catoggio, president and CEO of Post Consumer Brands. “To respond to …
Egg producer and distributor Cal-Maine Foods has signed an agreement to acquire breakfast food manufacturer Echo Lake Foods for approximately $258 million. Echo Lake Foods produces, packages, markets and distributes ready-to-eat egg products and breakfast foods, including waffles, pancakes, scrambled eggs, frozen cooked omelettes, egg patties, toast and diced eggs. The acquisition will allow Cal-Maine Foods to expand its business into the value-added egg processed category and strengthen strategic customer …
Alcoholic drinks giant Diageo has announced that the company has entered a strategic joint venture with investment and advisory firm Main Street Advisors involving the brands Ciroc Ultra-Premium Vodka and Lobos 1707 Tequila. In a press release, Diageo said it had exchanged majority ownership of Ciroc Ultra-Premium Vodka brand rights in North America for a majority ownership interest in Lobos 1707 brand rights globally. The joint venture is said to …
The Hershey Company, the US confectionery and snacks firm, has announced that has entered into an agreement to acquire LesserEvil, a maker of organic snacks. “Investing in LesserEvil brings a multi-category, better-for-you snacks platform to extend our offerings into new categories and forms, reaching new consumers in more eating occasions,” said Hershey president and CEO Michele Buck. “This high-growth brand not only complements our beloved confection and salty snack brands …
Anheuser-Busch, US subsidiary of world-leading brewer AB InBev, has announced the closure of production at its craft brewery in the US state of New Hampshire. The 104,000 sq ft facility, operated by Craft Brew Alliance, produces beer for the Kona and Omission brands. “We understand the impact of this announcement on our people in Portsmouth, and we are committed to working with the local union that represents some of the …
Castillo Hermanos, a diversified multinational business group, has announced that it has entered into a definitive agreement with private equity firm Brynwood Partners to acquire Harvest Hill Beverage Company, a leading USA-based beverage company. Harvest Hill was founded by Brynwood VII in July 2014 with the acquisition of Juicy Juice from Nestle USA. Its brand portfolio includes SunnyD, Fruit2O, Veryfine, Little HUG, Nutrament and Daily’s Cocktails, and the company operates …
Marquez Brothers, a leading Hispanic food producer, has announced that it reached an agreement to acquire Hato Potero Farms, the owner of YoGusto brand of dairy products Hato Potrero Farm Inc. is a family-run dairy manufacturer whose flagship YoGusto bramd offers drinkable yoghurts and other dairy products such as lactose-free milk, chocolate milk, sour cream and cheeses. Commenting on the move, Marquez Brothers CEO Gustavo Marquez JR said: “This acquisition fits …
Chobani, the Greek yoghurt specialist, has announced plans to invest $500 million to expand its plant in the city of Twin Falls (ID). The investment will reportedly bring over 500,000 sq ft of new space, with the expanded plant covering 1.6 million sq ft and housing 24 production lines, increasing productivity by 50%. The investment is described as the biggest in the company’s history. “Over a decade ago, this empty stretch …
Dollar Tree, the largest discount retailer in the US, has announced it has entered into an agreement to sell its Family Dollar business to Brigade Capital Management and Macellum Capital Management for $1 billion. Founded in 1953, Dollar Tree operated over 16,500 stores as of 1st February 2025, spanning 48 US states and five Canadian provinces. The stores trade under the names Dollar Tree, Family Dollar and Dollar Tree Canada. …
Global Eggs, a Luxembourg-based egg conglomerate, has reached an agreement to acquire US egg producer Hillandale Farms for $1.1 billion, according to a Reuters report. Global Eggs was established last year and operates Brazil’s Granja Faria and Spain’s Grupo Hevo, acquiring the latter in November. Hillandale Farms, Grupo Hevo, and Granja Faria reportedly generated over $2 billion combined in revenue in 2024. Private equity fund BTG Pactual also plans to invest $300 million in Global …
Conagra Brands, the leading US food manufacturer, has announced plans to close its pie filling plant in Fennville (MI), with the potential loss of 85 jobs, according to a Just Food report. The closure follows the shutdown of Conagra Brands’ Birds Eye frozen vegetables plant in Beaver Dam (WI), last April, which resulted in 252 workers being impacted. Commenting on the move, a company spokesperson is quoted as saying that the …
Bunge, the leading agri-commodities business, has entered into an agreement to sell its European margarines and spreads business to Vandemoortele, a leading European manufacturer and seller of frozen baked goods and plant-based foods. Under the agreement, Vandemoortele will acquire Bunge’s margarines and spreads business in Germany, Finland, Poland and Hungary, together with its spreads and margarine manufacturing locations and a portfolio of 20 consumer brands. Commenting on the move, Bunge …
Philip Morris International (PMI), the leading tobacco firm, has announced a relaunch of its heated tobacco brand IQOS in the US, with an initial roll out in the state of Texas. The IQOS device will be sold for $60, and the tobacco sticks to go along with it at $8. The relaunch is part of PMI’s reported plans to capture a 10% share of US tobacco and heated tobacco unit volume by …
Brazillian-based biscuit firm Bauducco Foods has announced that the company has broken ground on a new production and distribution facility in the US state of Florida. According to sources, the new 72-acre facility, involving an investment of $200 million, is located in Zephyrhills and will be developed in three stages. The first stage is expected to be finished by mid-2026 with 120 employees, whilst a second phase will be operational by …
Belgian biscuit and cake manufacturer Lotus Bakeries has announced a licensing agreement with ice cream specialist Froneri to accelerate the growth of its Lotus Biscoff brand in the US ice cream market. The partnership is set to operate as a sub-licence under an agreement reached between Mondelez International and Lotus Bakeries in 2024 covering Biscoff cookie production in India and the launch of chocolate products with the “signature flavour” of Lotus Biscoff Commenting on …
FMCG giant PepsiCo has announced that the company has entered into a definitive agreement to acquire Poppi, a fast-growing prebiotic soda brand, for $1.95 billion. Poppi is made with fruit juice, apple cider vinegar, and prebiotics, with less than 5g of sugar per serving, and is available across the US in 14 flavours. Commenting on the move, PepsiCo Beverages US CEO Ram Krishnan said: “As we look to reorient our …
Walgreens Boots Alliance (WBA), the global pharmacy chain, has announced that it has entered into a definitive agreement to be acquired by an entity affiliated with Sycamore Partners, a private equity firm specializing in retail, consumer, and distribution-related investments. “Leveraging WBA’s healthcare expertise and Sycamore’s established leadership in retail and consumer services, WBA will be better positioned to become the first choice for pharmacy, retail and health services”, the company …
Core Home, a manufacturer of housewares and lifestyle products, has announced the acquisition of Bubluv, an Asian boba tea brand, to mark the company’s entry into the food and beverage industry. Described as being free from artificial ingredients, and low in calories and sugar, Bubluv’s flagship bubble tea is described as a shelf-stable drink with milk and fruit flavours. The product is made using loose-leaf tea with jelly pearls in the varieties Black Milk …
Colavita, a leader in premium Italian specialty foods, has announced the acquisition of Vitelli Foods, the owner of the Luigi Vitelli brand of pasta and canned tomatoes. In a statement, Colavita said the acquisition diversified its offerings and bolstered its position as the third-largest importer of Italian pasta in the US, as well as strengthening its presence in the tomato segment. Established in 1885, Luigi Vitelli is the first Italian …
The North American division of global snack firm Pladis has announced plans to close a facility in Mohnton (PA) as part of a restructuring of its manufacturing operations. Founded in 2016, Pladis North America operates as part of Pladis, which owns the Godiva, Flipz and Turtles brands. “This move enables us to focus our resources on our GODIVA plant in Reading, PA and our pladis North America plant in Big …
MNG Brands, a manufacturer of drinks, supplements and skincare products and subsidiary of MNG 2005 Inc, has announced it has acquired WellBeing Brewing Company, a leader in the non-alcoholic beer market, to expand its wellness portfolio. Post-acquisition, WellBeing Brewing Company will introduce beverages infused with tetrahydrocannabinol (THC), broadening its range of functional wellness drinks. Commenting on the move, MNG 2005 Inc vice president Dafna Revah said: “MNG Brands is at …
Coca-Cola, the soft drinks multinational, is making its first foray into prebiotic sodas with the launch of Simply Pop, a new brand line made with 6g of prebiotic fibre for gut health, as well as vitamin C and zinc for immune function. Claimed to contain 25-30% fruit juice from concentrate and to be free from added sugar, Simply Pop prebiotic soda will be sold in 12oz cans in the varieties Strawberry, Pineapple …
PepsiCo, the US-based food and drink business, has announced plans to close its PopCorners manufacturing plant in Liberty (NY), according to a Food Business News report. “This plant has played a vital role in producing our beloved PopCorners brand, but the pace of growth for this product line paired with broader industry pace of growth has made it difficult to sustain the site’s long-term viability”, PepsiCo is quoted as saying. …
Italian tea company Everton, owned by Clessidra Private Equity, has acquired the US-based firm Eastern Tea, known for producing tea under the Bromley label as well as supplying private label brands. Headquartered in Tagliolo Monferrato, Everton generated approximately €45 million ($47 million) in revenue during its 2024 financial and has production facilities in Italy, India and Croatia. Everton reportedly controls its entire production process from cultivation and processing to packaging. …
Celsius Holdings, the global drinks firm, has announced it has finalised a definitive agreement to acquire functional brand Alani Nu for $1.8 billion, inclusive of $150 million in tax assets. “This strategic transaction will merge two rapidly expanding brands within the U.S. energy drink market, creating a leading better-for-you and functional lifestyle platform that is poised to capitalize on the rising consumer preference for zero-sugar beverages”, the company said in …
Plant-based private equity firm Ahimsa has acquired Blackbird Foods, a manufacturer of frozen vegan pizzas and wings, seitan and dairy-free cheese, according to a Just Food report. This is Ahimsa’s third acquisition since its founding last year with the purpose of backing and expanding plant-based food business operating in the US. The acquisition will reportedly allow Blackbird Foods to expand its business, enhance its manufacturing capabilities and accelerate product innovation. “Ahimsa …
Aldi, the German retail giant, has announced the sale of 170 Winn-Dixie And Harveys supermarket stores in the US to C&S Wholesale Grocers, a consortium of private investors. Aldi bought 400 Winn-Dixie And Harveys grocery stores and 170 Winn-Dixie liquor stores in 2023 and plans to convert the remaining 220 Winn-Dixie And Harveys stores to the Aldi format to expand its store footprint in the US. “When we announced our acquisition …
Supermarket chain Walmart has just announced the investment of C$6.5 billion ($4.5 million) over the next five years to boost growth in Canada. In a press release, the firm said it planned to build dozens of stores all over Canada and five new supercentres in Ontario and Alberta by 2027. A Port Credit Walmart Supercentre is expected to open in the summer, followed by an Oakville Walmart Supercentre later in the …
US food and beverages manufacturer JM Smucker has announced that it has entered into an agreement to sell its Cloverhill and Big Texas bakery brands, as well as certain private-label products, to ready meals firm JTM Foods for $40 million. As part of the deal, relevant trademarks and licences, the company’s manufacturing facility in Chicago (IL), and approximately 400 employees will transfer with the business. Commenting on the move, Sweet …
Molson Coors, the US brewer, has announced it has secured exclusive rights to produce, market, sell, and distribute the Fever-Tree brand of tonics, ginger beers and mixers in the US as of February 2025. As part of the deal, Molson Coors will also acquire an 8.5% stake in Fever-Tree for $88.3 million, making it the company’s second-largest shareholder. Commenting on the deal, Molson Coors chief executive officer Gavin Hattersley said: “The U.S. …
Alcoholic drinks giants Diageo has announced plans to open a new 360,000 sq ft manufacturing and warehousing facility in Montgomery, in the US state of Alabama. The $415 million facility will have a multi-million case annual production capacity for Diageo’s leading beverage alcohol brands, enhancing the North America supply chain and supporting future growth for exports, the company said in a statement. This plant, which will reportedly will be fully operational by …
Cargill, the global food and agribusiness firm, has announced the closure of its turkey processing plant in Springdale (AR), effective as of 1st August. Built in 1965, the Springdale plant produces fresh and frozen whole turkeys, bone-in turkey breasts and case-ready turkey products. “This was not an easy decision to make given the impact on the approximately 1,100 people who work there and local producers”, a Cargill spokesperson said. “However, …
Confectionery firm Ferrero has announced that it has entered into an agreement to acquire protein snack company Power Crunch from Bio-Nutritional Research Group. Founded in 1996, Power Crunch offers a variety of protein-enhanced products, including snack bars, whey protein powder, and protein crisps, a newly-launched alternative to crisps. Commenting on the move, Ferrero North America president & chief business officer Michael Lindsey said: “We’re thrilled to welcome Power Crunch to the Ferrero …
The US subsidiary of Japan-based food major Calbee has announced the opening of a new R&D innovation centre in Madera (CA). “Planned to help the company grow in double digits annually by accelerating innovation and product development, the facility will support the team in bringing Asian-flavored offerings to the mainstream marketplace and expanding Harvest Snaps’ presence as a better-for-you brand in the salty snack category”, the company said in a statement. …
Safety Shot, a wellness and dietary supplement company, has announced that it has entered into an agreement to acquire Yerbae Brands, a plant-based energy drink firm. Founded in 2017, Yerbae Brands offers plant-based energy drinks based on yerba mate that are claimed to be zero calorie, zero sugar, non-GMO, vegan, kosher, keto-friendly, paleo-approved, gluten-free, and diabetic-friendly. Commenting on the deal, Safety Shot chairman John Gulyas said: “We believe that this …
BioSteel, a Canadian sports drink and nutrition firm, has announced the opening of its first dedicated manufacturing facility, located in Windsor, Ontario. Founded in 2009 and acquired by Coachwood Group in 2023, BioSteel offers sports drinks, hydration mixes and protein powders for both consumers and professional athletes. According to sources, the manufacturing facility will manufacture powders and stick packs locally, with a capacity of 100 million stick packs per year and 10,000 …
Nestle, the Swiss consumer goods giant, has announced the launch of Max Pro, a line of frozen pizza in the USA under the Vital Pursuit brand umbrella. The new pizzas contain 33g of protein and 17g of fibre per serving and are available in Cheese Lovers and Chicken Mozzarella varieties with a suggested retail price of $4.99. The Max Pro pizzas are an addition to company’s the Vital Pursuit brand line …
Midas Foods, a sauces and seasonings maker, has announced the acquisition of JM Exotic Foods, a leader in spices, seasonings, and specialty foods. The company said the acquisition aligned with its strategy to establish a national manufacturing footprint and broaden its offerings to include retail packaging, shaker bottles, and more. JM Exotic Foods’ brand range includes Sure Shot Sid’s seasonings and marinades and the Caribbean-themed Mojo Mama line. “This acquisition not only …
Nestle, the leading FMCG multinational, has announced it is increasing its portfolio in the US with the launch of a “liquid espresso concentrate” line. Promising consumers “the ultimate hack for customizing café-style iced espresso beverages at home”, the company claims its 100% Arabica espresso concentrate can be prepared without brewing or equipment, simply by pouring over ice and blending with water or milk. The new launch comes as a “rich and …
Flower Foods, a US producer and marketer of packed bakery food, has announced the acquisition of Simple Mills, a bakery and snacks firm, for $795 million in cash. Founded in 2012, Simple Mills is a provider of health-oriented crackers, biscuits, cakes, snacks bars and baking mixes with operation in Chicago(IL) and Mill Valley (CA). After the transaction, Simple Mills will remain an independent subsidiary of Flowers Foods, led by founder and …
TreeHouse Foods, a leading manufacturer and distributor of private-label foods and beverages, has announced it has completed its acquisition of Harris Tea for $205 million. The acquisition includes Harris Tea’s manufacturing facilities in Moorestown, New Jersey, and Marietta, Georgia, along with approximately 300 employees. Commenting on the deal, TreeHouse Foods chairman, CEO and president Steve Oakland said: “The acquisition of Harris Tea is a good use of our balance sheet strength, …
Wellful, a supplements and weight-management business and a Kainos Capital portfolio company, has announced the acquisition of supplements firm Ancient Nutrition from equity funds VMG Partners and Hillhouse Investment. Founded in 2016, Ancient Nutrition has a product portfolio that includes protein and gut health supplements, vitamins & multivitamins, herbs, mushrooms, and greens. It is described as the fastest-growing vitamin, mineral, and supplement (VMS) category brand and the largest collagen brand within …
Premium Brands, the speciality food business, has acquired meat companies NSP Quality Meats, Casa Di Bertacchi, and Italia Salami for a combined value of $66 million. The three companies together generate around $200 million in annual sales and are described as having facilities in strategic locations across the USA. Casa Di Bertacchi manufacturers both branded and private-label cooked meats, with facilities in New Jersey, while Italia Salami specialises in dry cured …
US natural and organic products company Hain Celestial has announced the opening of an Innovation Experience Center (IEC) in Hoboken, New Jersey in a bid to further develop its food, drinks and personal care brands. The new centre, which features a 2,200 sq m working kitchen intended as “a hub for hands-on creativity and sensory exploration”, is designed to advance product innovation, conduct ingredient testing, ensure quality and enhance packaging sustainability. One …
Ziyad Brothers, a provider of Middle Eastern and Mediterranean products and a portfolio company of Peak Rock Capital, has acquired Indo-European Foods (IEF), a US-based ethnic food business, from equity fund Corridor Capital for an undisclosed sum. Founded in 1966, IEF is described as a leading importer and distributor of specialty ethnic foods, offering a diverse portfolio of products, including Zergut spreads, Mediterranean grains, Eastern European cheeses, and private-label items, distributed across …
Gama spoke to Leana Salamah, SVP Marketing & Communications, Specialty Food Association, ahead of the latest edition of the Winter Fancy Food Show. What are your expectations for the 2025 edition of the Winter Fancy Food Show? We are all very excited for the 2025 Winter Show! The enhanced focus on emerging trends and new-to-market products will elevate the Show experience for our attendees in really meaningful ways. Just one …
Paine Schwartz Partners, a private equity firm, has announced the acquisition of Promix, a nutrition and supplements business, Founded in 2014, Promix is known for producing a range of ‘clean’ nutritional products, including supplements, vitamins, meal replacements, and snacks, with a claim of ‘nothing artificial’. The company’s product range, including prebiotics, protein powders, bars, electrolytes, collagen, and creatine, are sold via the direct to consumer channel, as well e-commerce and …
The latest innovation insight from Gama Compass MANCHESTER – 17th December 2024: For our latest Innovation Insight, we return to the omnipresent trend for protein-forward product development, casting a glance at a launch seeking to turn sugar confectionery into a ‘high-fuel’ option – Protein Candy Sweets. Read this Innovation Insight in the next issue of Gama News. Newly launched to the market in North America, and marketed with the taglines “snack strong, …
Furlani Foods, a leading US producer of garlic breads, has announced the acquisition of its domestic peer Cole’s Quality Foods. Founded in 1943, Cole’s Quality Foods is described as having “brought” frozen garlic bread to North America and offers products such as Texas toast and breadsticks. The company operates production facilities in Muskegon (MI), and North Liberty (IA), and sells its branded products through major US retailers. Commenting on the …
Tyson Foods, the leading US meat firm, has announced the closure of a beef and pork facility in Emporia (KS) with the loss of over 800 jobs. The decision to shut the facility comes as the size of the US cattle herd has fallen to its smallest size in decades, raising the cost of buying livestock, Reuters reports. Since 2023, Tyson has closed a number of plants as part of …
Leading alcoholic drinks company Constellation Brands has announced it has agreed to sell its Svedka vodka brand to peer Sazerac, with the deal expected to be completed in the next few months. Commenting on the move, Constellation Brands said its aim was to prioritise growing market sectors, with a focus on premium wine and craft spirits. “The actions we have taken over the past several years to reshape our wine …
Prime Drink Group, a Canadian company that markets beer and spirits brands, has announced it has signed a letter of intent to acquire all the issued and outstanding common shares of Prime Capital Investments Inc, the Quebec-based company that owns the Beach Day Every Day malt beverage brand. Beach Day Every Day is a canned flavoured alcoholic beverage (FAB) with natural flavours and 5% alcohol by volume, available in Peach and …
US food giant General Mills has announced that it has reached an agreement to acquire the Tiki Pets and Cloud Star food brands, part of investment firm’s NXMH’s Whitebridge Pet Brands business, for $1.45 billion. As part of the transaction, General Mills will take over two manufacturing facilities in Joplin (MO), while NXMH will retain the Whitebridge Pet Brands business and brands in Europe. Commenting on the deal, General Mills …
FMCG giant PepsiCo has reached an agreement to acquire the remaining 50% of Safra and Obela and take full ownership of both companies. PepsiCo said the move would allow it to accelerate innovation in fresh dips and spreads to meet growing consumer demand. Created between 2008 and 2012, Sabra and Obela are 50/50 joint ventures between PepsiCo and Strass Group to manufacture, distribute and sell refrigerated dips and spreads. Obela …
Food manufacturer Lancaster Colony has announced the acquisition of a sauce and dressing production facility in Atlanta from Winland Foods for an approximate price of $75 million. The plant extends to around 300,000 sq ft in total, including roughly 250,000 sq ft of manufacturing space. “We are very pleased to have reached an agreement to acquire this production facility as an important strategic addition to our manufacturing network”, commented CEO …
Electrolit, the Mexican sports drink firm, has announced plans to build a new $400 million manufacturing facility in the US state of Texas. The new 600,000 sq ft plant will be the company’s first US-based production facility and is expected to open by 2026. It is being constructed in response to “surging” demand driven by its partnership with Keurig Dr Pepper for sales and distribution and a rapidly growing retail …
Nestle, the Swiss consumer goods giant, has announced an investment of $150 million to expand its frozen food facility in Gaffney, South Carolina. The investment will be used to install a new production line for single-serve frozen meals and upgrade automation and digital technology. Operating since 1980, the Gaffney plant produces frozen food for brands such as Stouffer’s and Lean Cuisine and is one of 112 facilities owned by the …
Lolli & Pops, a portfolio company of private equity firm TerraMar Capital, has announced the acquisition of US-based confectionery producer Hammond’s Candies for an undisclosed sum. Founded in 1920, Hammond’s manufactures handcrafted candy canes, lollipops, and other classic sweet treats. Lolli & Pops is a leading retailer of chocolates and other unique sweets from around the world. Commenting on the move, Lolli & Pops CEO Keri Morris said: “Hammonds’ dedication …
Lactalis, the French dairy giant, has announced plans to invest $55 million at a plant in Tulare (CA) to increase feta cheese production. This investment will be used to build a 38,000 sq ft production line, creating 20 full-time jobs. Commenting on the investment, Lactalis USA chief executive officer Esteve Torrens said: “We are expanding to increase our cheese production capacity at our facility. This investment into new jobs and …
Instacart, the US grocery technology company, and Coles, the Australian supermarket retailer, have announced a partnership to bring Caper Carts ‘smart trolleys’ to the Asia Pacific region for the first time, expanding their presence beyond North America. Caper Carts, which will launch in Australia in early 2025, are described as being equipped with artificial intelligence (AI) systems, cameras, and a built-in scale which work together to automatically recognize items as they are …
Lakeview Farms, a leading manufacturer of dips, desserts, and specialty products, has announced the acquisition of the Noosa yoghurt brand from Campbell Soup. Noosa is a manufacturer of premium-positionined, “Aussie-style” cheesecake bites and yoghurt ice cream that are claimed to be known for their rich, creamy texture and unique flavours. “We are excited to welcome the noosa yoghurt brand and team to the Lakeview Farms family”, commented Lakeview Farms CEO …
US confectionery firm Hershey has announced the expansion of its portfolio with the acquisition of Sour Strips, a brand of sour sweets founded in 2019. Sour Strips is claimed to make sweets with intense flavours and creative branding, and is marketed with the tagline “sour candy that doesn’t suck”. Commenting on the deal, Hershey president of US confection Mike Del Pozzo said: “The acquisition of Sour Strips expands Hershey’s offerings …
JM Smucker, the diversified US food business has expanded production capacity for the Uncrustables brand with the opening of a new 900,000 sq ft manufacturing facility in McCalla (AL). Uncrustables is the company’s brand of sealed crustless sandwiches, available with fillings such as Strawberry, Grape, Chocolate Hazelnut, Raspberry and Honey. Commenting on the expansion, JM Smucker CEO Mark Smucker said: “The opening of our new facility in McCalla furthers our …
Molson Coors, the US brewer, has announced it has taken a majority stake in Zoa Energy, an energy drink brand whose co-founders include Dwayne Johnson. The deal is intended to increase distribution and awareness of the Zoa energy drink brand, as well as enabling its integration into the wider Molson Coors portfolio. The partnership first began three years ago, and Zoa is reportedly now available in over 25,000 retail locations. …
1440 Foods, a leading sports and active nutrition business, has announced the acquisition of Fitcrunch, a protein snack firm, from celebrity chef Robert Irvine, Union Capital Associates and its founders. Founded in 2012 by Bakery Barn and Robert Irvine, Fitcrunch is known for high-protein foods like bars, wafers, and powders, with its bars providing up to 30g of protein per serving. 1440 Food’s portfolio, including Pure Protein, MET-Rx, and Body …
Cheese processor Schuman Cheese has announced the acquisition of the Trugman-Nash business from dairy firm Allied Dairy to expand its cheese portfolio. The acquisition includes ownership of Old Croc, a US leader in Australian cheddar, and US distribution rights for Organic Herd British cheddar from the Organic Milk Suppliers Co-operative. Old Croc’s range includes cheddar chunks, bites, slices, and spreads, made with grass-fed cow’s milk. Commenting on the acquisition, Schuman …
Meiji, the Japanese food and pharmaceutical firm, has announced an investment of $28 million to expand production at its Santa Ana facility, which produces Hello Panda, Yan Yan and Chocorooms biscuits. Founded in 1987, Hello Panda is known for its chocolate cream filling and the panda design on the biscuit shell. In October, Meiji America also launched Hello Panda Pretzel, a new product that combines pretzels with chocolate cream. The …
Ditsch, a pretzel manufacturer and subsidiary of the Valora Group, has announced a $70 million investment in a new bakery in Cincinnati (OH) to triple pretzel production. Founded in Germany in 1919, Ditsch is described as a manufacturer of soft pretzels including traditional German pretzels, pretzel bites, frozen pretzels, croissants, and pizza snacks, supplying food services, bakeries, wholesalers, and retailers in 38 countries. Ditsch also intends to invest $30 million …
Leading brewer AB InBev has announced that the company has invested $8 million in its brewery in St. Louis (MS) via US subsidiary Anheuser-Busch. The move will create and sustain jobs and drive economic growth in its hometown, the company said in a statement. The company has invested more than $165 million in its St. Louis campus since 2019, including renovating and reopening its Technical Excellence Center. Kyle Topping, senior …
Keurig Dr Pepper (KDP), the soft drinks and coffee firm, has announced that it has entered into an agreement to acquire Ghost Lifestyle and Ghost Beverages (collectively “Ghost”) for $990 million. Founded in 2016, Ghost is a brand of sports nutrition products, energy drinks, dietary supplements, and apparel, anchored by its flagship energy drink brand Ghost Energy. Commenting on the move, KDP chief executive officer Tim Cofer said: “GHOST is …
US-based food and beverage company JM Smucker has announced that the company is selling its Voortman biscuit brand to Second Nature Brands, a US manufacturer of snacks and treats controlled by CapVest Partners LLP. In a press release, JM Sumcker said the decision to offload Voortman would enable it to reallocate resources to its “core growth brands”. The Voortman brand was among a number that JM Smucker acquired as part …
Shamrock Farms, a leading US dairy firm, has announced an investment of $59 million to expand its milk manufacturing facility in Augusta County, Virginia. The project will generate 28 new jobs and expand the company’s existing 250,000 sq ft facility in Mill Place Commerce Park by an additional 81,000 sq ft. The investment is earmarked for a new production filling line and cold storage facilities. Commenting on the move, Shamrock …
Private-equity investor Ahimsa has announced the acquisition of Simulate, the owner of US plant-based meat alternative brand Nuggs. Available since 2019, Nuggs established a presence in over 5,000 retail locations, including Walmart, Target, and Whole Foods Market. Commenting on the acquisition, Simulate co-founder and CEO Sam Terris said: “We were looking for a partner that balances pragmatism and optimism — a group that could help get alt protein economics to …
US food manufacturer Mart Frozen Foods has announced it has inaugurated a $65 million high-tech food manufacturing facility in Rupert (ID). The new 100,000 sq ft facility, located adjacent to the company’s headquarters, has reportedly created 80 new jobs and will produce and package fully baked Idaho potatoes, marketed under the OH!Tatoes brand. Julian Critchfield, president and CEO of The Mart Group, said: “Through innovated technology, OH!Tatoes has perfected the …
US based dairy firm Prairie Farms Dairy has announced the acquisition of domestic peer SmithFoods. According to sources, the deal is part of Prairie Farms Dairy’s strategy to diversify its product portfolio and expand its market reach. Ohio-based SmithFoods was founded in 1909 and produces dairy based products such as milk, sour cream, cottage cheese, ice cream and custard mixes. Matt McClelland, CEO and EVP of Prairie Farms Dairy, said: …
FMCG giant PepsiCo has announced that the company has entered into a definitive agreement to acquire Garza Food Ventures LLC, trading as Siete Foods, a Mexican-American foods company. In a press release, PepsiCo said the $1.2 billion deal would complement the firm’s portfolio with an authentic Mexican-American brand as well as adding a variety of better-for-you products. Founded in 2014, Siete Foods manufactures “heritage-inspired” products including tortillas, salsas, seasonings, sauces, …
Japan Tobacco (JT), the leading tobacco company, has announced it has completed the acquisition of Vector Group (VGR), the fourth largest tobacco company in the United States, after a tender offer initiated in August. Vector Group is a holding company for Liggett Group LLC, Vector Tobacco LLC and New Valley LLC. Founded in 1873, Liggett Group is the operating successor to Liggett & Myers Tobacco Company and has a brand portfolio that includes Eve, Grand Prix, Pyramid, …
Global food manufacturer Flora Food Group (formerly Upfield) has announced the acquisition of a factory in Hugoton, in the US state of Kansas In a press release, the company said the facility would become a hub for the group’s cream and cream cheese products in the US and Canada and the rest of Americas, whilst the New Century facility, also in Kansas, would be a hub for butter and spread …
Diageo, the leading alcoholic drinks firm, has announced the acquisition of spirit alternative business Ritual Zero Proof to strengthen its non-alcoholic spirits portfolio. Launched in 2019, Ritual Zero Proof is a non-alcoholic spirit brand offering alternatives to whiskey, tequila, gin, rum, and aperitifs. Diageo acquired a minority stake in Ritual Zero Proof via its accelerator Distill Ventures in January 2020. In a statement, Diageo argued it was well positioned to …
FMCG giant Danone has made a non-binding offer to acquire Lifeway Foods, a manufacturer of kefir and probiotic products, for $283 million ($25 per share). Lifeway Foods is a leading provider of kefir drinks and desserts, with distribution in the United States, Mexico, Ireland, South Africa and France. Danone, which already holds 23.4% of Lifeway’s common stock, said the proposal aligned with its wider strategy to enhance its portfolio within …
CK Snacks, a manufacturer of own brand savoury snack foods, has announced the acquisition of its domestic peer Axium Foods. Founded in 1960, Axium Foods specialises in producing tortilla chips, corn chips, extruded snacks, and pellet snacks for private label brands. Commenting on the move, CK Snacks CEO Jamie Colbourne said: “We are thrilled to welcome Axium Foods into the CK Snacks family. Axium Foods’ expertise in tortilla chip and …
US food giant General Mills has entered into an agreement to sell its North American yoghurt business to leading French dairy companies Lactalis and Sodiaal for $2.1 billion. Lactalis will acquire the US division, while Sodiaal will acquire the Canadian division. The deal includes brands such as Yoplait, Liberte, Go-Gurt, Oui, Mountain High and Ratio, and production facilities in Murfreesboro (TN), Reed City (MI), and Saint-Hyacinthe, in Canada’s Quebec province. …
Unilever Ventures, the venture capital arm of consumer goods giant Unilever, has led a $5 million funding round in US-based creatine supplement firm Create Wellness. Founded in 2022, Create Wellness makes supplement gummies that are claimed to improve strength and cognition and facilitate muscle recovery. The company reportedly plans to use the funding to increase headcount, conduct research and expand distribution. Commenting on the move, Create Wellness CEO Dan McCormick …
US egg producer Cal-Maine Foods has announced it has made a strategic investment in Crepini, establishing a new egg and prepared foods joint venture. Crepini produces egg wraps, protein pancakes, crepes and wraps that are retailed in over 3,500 stores in the US and Mexico. Cal-Maine Foods will capitalize Crepini with approximately $6.75 million in cash to purchase equipment and other assets and fund working capital in exchange for a …
E-commerce giant Amazon has announced the launch of Amazon Saver, a new private label range of budget groceries for its US consumers. Amazon said it had already begun rolling out the new brand line, which includes items such as crackers, biscuits, canned fruit and condiments each priced at under $5, and planned to add more than 100 items over time. Commenting on the launch, Amazon Fresh worldwide vice president Claire …
Hain Celestial, the natural foods firm, has announced that it has completed the sale of its ParmCrisps brand to Our Home, a US-based snack company. Founded in 2017, ParmCrisps is known for its high-protein, low-carbohydrate cheese crisps and snack mixes. Commenting on the move, Hain Celestial group president and CEO Wendy Davidson said: “By divesting ParmCrisps, we can continue to prioritize driving market reach and category scale of our core …
Campbell Soup, a US producer of canned soups and other foods, has announced that it has sold its Pop Secret popcorn business to Our Home, a US-based snack company. The existing Our Home portfolio includes brands such as Food Should Taste Good, Popchips, Real Food From The Ground Up, You Need Yhis, RW Garcia, Good Health and Sonoma Creamery. The Pop Secret business generated net sales of approximately $120 million …
Mount Franklin Foods, a leading manufacturer of branded, contract and private label confectionery, nuts and foodservice products, has announced the acquisition of Pennsylvania-based Stuffed Puffs, a maker of filled marshmallows, for an undisclosed amount. Founded in 2019, Stuffed Puffs is known for a proprietary technology that allows it to create marshmallows filled with milk chocolate and other ingredients. The Mount Franklin Foods portfolio includes gummies, jellies, mints, fruit snacks, and …
Philip Morris International (PMI), the leading tobacco firm, has announced plans to invest $232 million to expand production capacity for Zyn nicotine pouches at its Owensboro facility in Kentucky, creating 450 direct and 410 indirect jobs. This investment will be made by PMI’s Swedish Match affiliates, following a $600 million investment in July to set up another nicotine pouch production facility in Aurora, Colorado. The Aurora facility and Kentucky expansion …
Gama spoke to Jeff Lenard, NACS Vice President of Strategic Industry Initiatives, ahead of the latest edition of the NACS Show. What are your expectations for this edition of the NACS Show? What features are there for visitors to look forward to? The NACS Show is where retailers go to find the future of convenience, whether via products or services on the expo floor, in the education and general …
Saco Foods, a US manufacturer of shelf-stable products and a portfolio company of Fengate Private Equity and Weathervane Investment Corp, has announced the acquisition of Quinoa Corporation and its brands Ancient Harvest and Pamela’s from Encore Consumer Capital. Founded in 1983, Ancient Harvest is known for bringing quinoa to the US market and also makes plant-based products such as gluten-free pasta and polenta. The Pamela’s portfolio meanwhile includes gluten-free pancake …
Coca-Cola Canada Bottling, the Canadian bottler of carbonated soft drinks, bottled water, energy drinks, ice teas and related products, has announced the opening of a new facility in Richmond, British Columbia. According to a report in Canadian Grocer, the $18 million facility contains a sales department, warehouse and distribution centre. Spread over 230 sq ft, the plant is the company’s largest in Canada and its distribution centre will reportedly to …
Mars, the leading food multinational, has signed an agreement to acquire Kellanova, the breakfast foods and snacks major, in a deal valued at $35.9 billion. Kellanova’s portfolio includes snack brands such as Pringles, Cheez-It, Pop-Tarts, Rice Krispies Treats, NutriGrain, and RXBAR, and other food brands including Kellogg’s, Eggo, and MorningStar Farms. The company had 2023 net sales of more than $13 billion, and has a presence in 180 markets as …
US soft drinks multinational Coca-Cola has announced that the company is teaming up with Mondelez to launch a limited-edition drink and biscuit in partnership with the Oreo brand. In a press release, Coca-Cola said the new Coca-Cola Oreo Zero Sugar and Oreo Coca-Cola sandwich biscuits feature the brands’ signature flavours and are presented in a “sleek, black-and-white packaging design that remains true to the two brands’ iconic personalities”. The new …
Conagra Brands, the leading US food manufacturer, has announced the acquisition of Sweetwood Smoke & Co, the manufacturer of the Fatty brand of smoked meat sticks. Founded in 2010, Sweetwood Smoke & Co makes ready-to-eat meat sticks from pork and beef, smoked with hickory wood. Commenting on the acquisition, Conagra Brands president and chief executive officer Sean Connolly said: “The acquisition of FATTY Smoked Meat Sticks is another step in …
Lassonde, a producer of fruit and vegetable drinks, has announced it has completed a $53 million expansion at its facility in Hendersonville (NC). The site expansion includes a new single-serve aseptic production line offering 10oz and 16oz beverages in 6, 12, and 24-pack formats and a 104,000 sq ft distribution centre. Commenting on the expansion, Lassonde Industries president and chief operating officer Vince Timpano said: “The expansion and improvements at …
WK Kellogg, the US breakfast cereal manufacturer that was spun off from Kellogg’s (now Kellanova) last year, has announced plans to modernize its supply chain with a $450 to $500 million investment and the closure of a manufacturing plant in Omaha (NE) in 2026. The company intends to invest in new infrastructure, equipment, technology, and capabilities at its facilities in Battle Creek (MI) and Lancaster (PA), as well as Bellville, …
Multinational bakery firm Grupo Bimbo has announced plans to close manufacturing plants in Auburn and Olean (NY), and a third in San Antonio (TX), as part of ongoing restructuring efforts. The closure of the two plants in New York will reduce the company’s presence in the state to just two facilities, both in Albany. The latest closures follow announcements earlier this year that facilities in Nebraska, as well as New …
CTH Invest, a Belgian holding company associated with Ferrero, has announced the acquisition of Nonni’s Bakery from Vestar Capital Partners, a leading US middle-market private equity firm. Founded in 1869, Nonni’s Bakery is described as a manufacturer of premium artisanal biscotti cookies and baked goods specializing in indulgent chocolate and inclusions-enhanced biscotti and “Cantuccini-type” cookies. Its portfolio includes brands such as Nonni’s THINaddictives, Nonni’s Bites, La Dolce Vita, and Nonni’s …
Valeo Foods, the Irish food firm, has announced the acquisition of Appalaches Nature, a Canadian maple syrup business, marking its second acquisition both in North America and in the maple syrup sector. Founded in 2018, Appalaches Nature is a supplier of maple syrup to European, Canadian, and U.S. markets, operating from a 100,000 sq ft facility in Thetford Mines, Quebec. Valeo Foods also acquired Les Industries Bernard & Fils in …
Fresh Hemp Foods, owner of the Manitoba Harvest brand and a leader in hemp-based foods, has announced the expansion of its wellness foods portfolio with the acquisition of The Humble Seed, a US-based snack brand. Founded in 2022, The Humble Seed is a manufacturer of crackers with “super seeds”, including hemp. The crackers are grain-free, gluten-free, and non-GMO and are retailed through both online and physical stores. In a statement, …
Japanese confectionery firm Morinaga has announced plans to invest $130 million to build a new manufacturing facility in Mebane (NC). Spanning an area of 132,633 sq ft, the new facility will become the company’s second in North America and is projected to create 200 jobs. The new facility is intended to boost production capacity for Hi-Chew products to meet growing demand. The existing North Carolina plant, operational since 2015, manufactures …
Regal Confections, a leading distributor of global confectionery brands, has announced the acquisition of fellow Canadian sweets brand Mondoux. Founded in 1967 and headquartered in Quebec province, Mondoux owns leading brands such as Sweet Sixteen, Giacomo and Yoma, and has over 200 employees, as well as more than 115,000 sq ft of facilities. Commenting on the acquisition, Mondoux chairman Jean Mondoux said: “We are incredibly proud of the impact our …
US food firm Smithfield Foods has announced the closure of a facility in Altoona (IA) that carries out ham boning. In a press release, the firm said it planned to consolidate production volume at other locations to improve the efficiency of its manufacturing operations. The facility’s 314 employees will be provided with transition assistance, including severance, financial incentives and alternative opportunities at the firm. Production will be moved to existing …
Home Market Foods (HMF), a leading US food manufacturer, has announced that it has acquired a former pasta production plant in South Windsor (CT) for an undisclosed sum, with the intention of turning it into a state-of-the-art meat processing facility. HMF said it planned to invest $70 million to upgrade the site and equip it with advanced technology. The project is expected to generate 210 jobs by the end of …
The latest innovation insight from Gama Compass MANCHESTER – 28th June 2024: Fermentation and ‘non-animal dairy’ remain two of the hottest trends in the food industry. Our latest Innovation Insight focuses on a novel fungi-based dairy analogue that sees these two trends collide – Nature’s Fynd Dairy-Free Yoghurt. Read this Innovation Insight in the latest issue of Gama News Boasting “all the creaminess” of a conventional yoghurt in a dairy-free and “guilt-free” formulation, Nature’s …
SunOpta, a multi-national food and drinks company, has announced it has completed a $26 million expansion at its Modesto, California facility to increase annual production of oat milk by more than 60%. The company stated that its Modesto oat extraction production line was launched in May, employing proprietary enzymatic processes to break down whole oats into a liquid base to produce oat milk, plant-based yogurt and ice cream. SunOpta offers …
Lassonde, a producer of ready-to-drink fruit and vegetable juices and drinks, has announced it has entered into an agreement to acquire Summer Garden Food, a US-based specialty food manufacturer and distributor, for $235 million. Founded in 1946, Summer Garden operates as a wholly owned subsidiary of The Zidian Group, manufacturing, marketing and distributing sauces, marinades, dressings and other shelf-stable products. The company has a portfolio of 250 products, with a …
PepsiCo Beverages North America (PBNA), has opened a new 115,000 sq ft distribution facility in Colorado Springs, USA. The new plant will reportedly quadruple the company’s inventory capacity for soft drinks, allowing it to distribute popular brands such as Pepsi, Gatorade, Celsius, and Rockstar to Colorado residents and consumers across the US. The new facility is said to incorporate cutting-edge technologies like solar power for charging delivery fleet pallet jacks, …
US-based consumer goods giant PepsiCo has announced plans to build a new savoury snack plant in Almaty, in southeast Kazakhstan, according to a report in The Times of Central Asia. With an initial investment of $160 million, the plant is expected to be the largest of its kind in Central Asia and to produce products such as Lay’s potato crisps. According to David Manzini, president of PepsiCo in Central Asia, …
Venus Wafers, a US-based maker of crackers and flatbreads, is to be acquired by investment firm Circumspect Capital, according to a Food Business News report Founded in 1931, Venus Wafers is a manufacturer of organic whole grain crackers and flatbreads under the CaPeachio’s and The Original Mariner Biscuit brands, as well as supplying private label brands. The company’s portfolio includes artisan crackers, original crackers, snack crackers, stoned wheat crackers, water …
Kikkoman, a leading manufacturer of soy sauce and related condiments, has started construction on a new production facility in Jefferson County (WI). The new $560 million factory will be the company’s second in Wisconsin and third in the US, situated close to its existing plant in Walworth. It is intended to be a sustainable next-generation production facility, offering flexibility alongside production efficiency and scalability for multi-production of a variety of …
DayDayCook (DDC), a self-proclaimed content-driven consumer food brand, has announced the acquisition of Asian food brand Omsom. Founded in 2020, Omsom is described as a producer of cooking sauces and noodles, with the goal of making Asian cuisine accessible to US households. Commenting on the acquisition, DDC founder Norma Chu said: “Our presence in the U.S. is rapidly growing with the addition of Omsom to our U.S. family of brands, …
Saputo, the Canadian dairy giant, has announced plans to close facilities in Lancaster (WI), Big Stone City (SD), Green Bay (WI), and South Gate (CA), as part of a revamp of its cheese manufacturing networl. At the same time the company is expanding operations at the new automated cut-and-wrap facility in Franklin (WI). Commenting on the move, Lino A. Saputo, chair of the board, president and CEO at Saputo, said: …
Ruiz Foods, a Mexican food firm, has announced plans to close its manufacturing plant in Tulare, California. The affected factory commenced operations in 2004 as an extension of the Dinuba plant, initially planned as a short-term supplementary capacity solution. In a statement, Ruiz Foods said the facility was too small and would need significant capital investment to meet manufacturing requirements and remain a viable part of the company’s network. The …
US meat producer Smithfield Foods has announced it has entered into an agreement to acquire a dry sausage facility in Nashville, TN from commodities giant Cargill. The new facility will manufacture goods for Smithfield Foods’ dry sausage brands such us Margherita, Carando and Armour to cater to increased demand, the company said. “This transaction is a testament to our continued focus on growing our packaged meats business by staying ahead …
Schwan’s, a leading US based food company and CJ Foods subsidiary, has announced it has purchased a 142-acre site in Sioux Falls, SD to accommodate its new facility for the production of Korean-style foods under the Bibigo brand. The new plant is set to manufacture a variety of Asian-inspired dishes, accompaniments, canapes, and starters. The company also announced it would open a regional office in the centre of Sioux Falls to support …
Multinational FMCG firm Kraft Heinz has announced the launch of “premium” shelf-stable, premium dressings and marinades brand Pure J.L. Kraft exclusively for the Canadian market. Described as being free from artificial preservatives, flavours and colours, the brand will comprise 12 products, including blends such as Pomegranate Zaatar, Honey & Shallots, Miso Lime Ginger, Moroccan Lemon, Orange Turmeric Poppyseed and Black Garlic & Cracked Pepper. Commenting on the launch, Kraft Heinz …
US based food and beverage manufacturer Campbell Soup Company has announced an “optimisation plan to fuel growth” that includes the closure of a manufacturing plant in Oregon and supply chain investments elsewhere. In a press release, the company said the plan would enable improved return on capital, enhanced effectiveness and efficiency of both its manufacturing and distribution networks. Commenting on the move, Dan Poland, Campbell’s chief supply chain officer said: …
CVS Pharmacy, the retail division of the health solutions company CVS Health, has announced the launch of Well Market, a private label brand of snacks, beverages, and other groceries focused on “wellness”. The line includes a selection of nutrition options which claims to cater to different consumer dietary needs, from gluten-free to vegan and keto. Among the items, the company claims to offer a first-to-market line of flavour infused sprouted …
Weaver Popcorn, a leading US popcorn producer, has announced an investment of $22 million to upgrade its manufacturing plant in Van Buren (IN). Founded in 1928, Weaver Holdings is described as the leading independent popcorn producer in the United States, offering popping corn, microwave popcorn, and ready-to-eat popcorn under the Pop Weaver brand. The investment will reportedly facilitate the addition of new food processing technology, innovative packaging lines and new …
Herr Foods, a US based snack manufacturer, has announced an investment of $31 million to add a new manufacturing plant in Jackson and upgrade a facility in Chillicothe (OH). Founded in 1946, Herr Foods has a portfolio of more than 340 snack products, including crisps, cheese curls, pretzels, and popcorn, with a workforce of 1,400. According to the company, it has purchased the Jackson Industrial Rail Site, including a 50,000 …
Arcadia Biosciences, the US manufacturer of plant-based consumer products, has announced an agreement to sell the GoodWheat brand to Above Food for $4 million. Launched in 2018, the GoodWheat brand aims to help consumers increase their fibre intake with products such as pasta, pancake mixes and macaroni and cheese meals that are made from patented, non-GMO wheat. Commenting on the transaction, president and CEO of Arcadia Stan Jacot said: “We …
Dessert Holdings, a portfolio company of Bain Capital, has announced the acquisition of cream-based pies Kenny’s Great Pies from private equity firm Kaho Partners. Founded in 1931, Kenny’s Great Pies is described as a producer of cream-based pies and fillings specialising in key lime pie and flavours including mango, coconut cream, peanut butter and chocolate silk. Commenting on the move, Dessert Holdings chief executive officer Paul Lapadat said: “Kenny’s clean …
Land O’Frost, the US manufacturer of ready-to-eat processed meats, has announced plans to close its manufacturing plant located in the Pullman neighbourhood of Chicago (IL). The company, which caters to both retail and food service channels, produces deli sliced packaged lunchmeats, hot dogs, sausages, bacon, and spiral ham under brands such as Bistro Favorites and Deli Shaved. In a notification released to the state of Illinois, Land O’Frost said: “After …
Next In Natural, a private equity company focused on scaling natural food and drink brands, has announced the acquisition of Sound Brands, a maker of sparkling botanical drinks. Sound Brands is described as a producer of sparkling water made with organic tea, botanicals, and fruit extracts. The company’s products are claimed to be free from sugar, sweeteners, and artificial flavours and preservatives. Commenting on the deal, Sound Brands co-founder Tommy …
Panos Brands, a producer of branded consumer foods, has announced the acquisition of smoked salmon producer The Santa Barbara Smokehouse (SBS). Founded in 2004, SBS markets products under the Cambridge House and Coastal Harbor for both the food service and retail channels. The deal follows Panos Brands’ purchase of salad dressing firm Tessemae’s in January 2024. Commenting on the acquisition, Panos Brands CEO Darcy Zbinovec said: “SBS products are differentiated in …
Bimbo Canada, a subsidiary of Mexican bakery giant Grupo Bimbo, has announced plans to shutter its manufacturing plant in Levis, Quebec province. The decision comes against a decline in production and strategic efforts to improve efficiency, increase capacity utilization and reduce overall costs, the company said in a statement. Bimbo’s portfolio in Canada includes brands such as Dempster’s, Stonemill, Villaggio, Natural Bakery, POM, Vachon, Little Bites and Takis. Commenting on …
Our Home, a US-based snack company, has announced the acquisition of Sonoma Creamery, a cheese snack maker based in California. Founded in 1931, Sonoma Creamery has a portfolio that includes Cheese Crisps and Cheese O’s, both of which are described as gluten-free and high in protein. As a result of the acquisition, Our Home will add a production facility and warehouse in Sonoma, expanding its network of manufacturing facilities to …
Gama spoke to Leana Salamah, SVP Marketing & Communications, Specialty Food Association, ahead of the latest edition of the Summer Fancy Food Show. What are your expectations for this edition of the Summer Fancy Food Show? What features are there for visitors to look forward to? We’re incredibly excited for the 2024 Summer Fancy Food Show. In addition to many returning popular features, this year’s show will make it …
Barney & Co, the number two almond butter producer in the US, has announced it has invested in a second manufacturing plant in Fresno, California, as part of a plan to diversify its product line, starting with peanut butter. The new manufacturing site claimed to feature cutting-edge equipment and strict quality controls to ensure a consistently smooth texture and product homogeneity. Commenting on the move, Barney & Co CEO Dawn …
Pasture Brands, a portfolio company of Benford Capital Partners created in 2021 to buy Farmers Hen House Group and other natural, fresh and refrigerated food and drinks firms, has announced the acquisition of Pillars Yogurt, a drinkable Greek yogurt company. Founded in 2016, Pillars Yogurt is described as a better-for-you, clean-label brand with a portfolio of single and multi serve yoghurts, as well as plant-based yoghurt alternatives. Pillars Yogurt products …
Killer Brownie, a maker of single-serve and assorted brownies, has announced plans to invest up to $1 million to expand its manufacturing plant in Miamisburg, OH. According to sources, the company is planning to add a 10,500 sq ft facility adjacent to its existing 27,000 sq ft plant, adding both office space and an R&D centre. Commenting on the move, Killer Brownie chief operating officer Matt Ross said: “We need …
Consumer goods major Mondelez International has announced the first ever expansion of the market leading Nabsico Chips Ahoy! chocolate chip cookie brand into the free-from arena with the launch of Chips Ahoy! Gluten Free. Described as being one of the first products to emerge from the company’s recently-opened R&D innovation centre, Chips Ahoy! Gluten Free is said to be the result of years of testing and trial of different recipes. …
Rubicon Bakers, a portfolio company of Trive Capital specialising in baked goods, has announced the acquisition of Lucky Spoon Bakery, a maker of gluten-free cakes and biscuits headquartered in Salt Lake City (UT). Founded in 2010, Lucky Spoon is described as a manufacturer of fresh cakes, cupcakes, biscuits, and brownies. Rubicon Bakers, which also includes the Just Desserts business, said the acquisition was a step towards expanding into markets catering …
Martin’s Famous Pastry Shoppe, a baker of bread and roll products, has announced plans to invest $123.2 million to expand its manufacturing facility in Chambersburg, Franklin County (PA), generating at least 127 jobs over the next five years. Established in 1955, Martin’s Famous Pastry Shoppe is known for producing bread, potato bread, swirl potato bread, potato rolls, hoagie rolls, and Potatobred soft cubed stuffing. The expansion will add roughly 295,000 …
US retail giant Walmart has announced the launch of BetterGoods, a new brand that is claimed to mark the company’s largest private-brand food launch in 20 years. According to Walmart, the range features 300 products, including frozen, dairy, snacks, beverages, pasta, soups, coffee, chocolate and more. BetterGoods products will also fall within three “category pillars”, namely “culinary experiences” (such as specialty salts, jarred soups and premium pasta), “plant-based” (including dairy-free …
Palermo Villa, a leading US manufacturer of branded and private label frozen pizza, has announced plans to build a 200,000 sq ft production facility in West Milwaukee, WI. Founded in 1964, Palermo Villa has a brand portfolio that includes Palermo’s Pizza, Screamin’ Sicilian, Urban Pie Pizza Co., Surfer Boy, Connie’s Pizza, and Funky Fresh Spring Rolls. Commenting on the move, Palermo chief executive officer Giacomo Fallucca said: “Our priority is …
Canadian meat supplier Olymel has announced plans to close a plant in Saint-Jean-sur-Richelieu, Quebec province that manufactures pork and poultry products. This decision comes against a backdrop of falling production volumes, which has led the plant to operate at only 40% of its operational capacity, the company said in a statement. Olymel, which markets products under brands such as Olymel, Lafleur, Flamingo, La Fernandiere, Pinty’s, Tour Eiffel and F. Menard, …
Daisy Brand, a leading manufacturer of dairy-based products, has announced plans to invest $627 million to build a new processing plant in Boone, IA to meet increased demand. Spanning an area of 750,000 square feet, the facility will be the company’s fourth and is expected to create 255 jobs for the region once fully operational. The company also has manufacturing sites in Garland (TX), Casa Grande (AZ) and Wooster (OH). …
Next Century Spirits, a US-based distilled spirits and marketing firm, has announced the acquisition of a majority stake in the brand assets of Texas-based peer Southwest Spirits & Wine. In a press release, Next Century Spirits said the deal included the Nue Vodka brand, which has an approximate annual volume of 220,000 9 litre cases across 29 states, as well as The Other 49 Bourbon, Sixty Men Bourbon, Calamity Gin, …
Cafe Spice, a leading US processor of Indian meals, has opened a new 70,000 sq ft processing plant in Beacon, NY to boost production capacity and improve efficiency. The state-of-the-art plant reportedly features advanced batch cooking kettles and a continuous chilling and stabilization process utilising spiral chillers. Commenting on the news, Cafe Spice CEO and co-founder Sameer Malhotra said: “This is a momentous achievement for Cafe Spice that we’re very …
PepsiCo, the US-based food and drinks business, has announced the closure of the Quaker facility it operates in Danville, in the US state of Illinois. The decision is said to follow a recall of granola-based snacks made at the factory due to potential salmonella contamination. “After a detailed review, we determined that meeting our future manufacturing needs would require an extended closure for enhancements and modernisation”, a PepsiCo spokesperson is …
American snack manufacturer J&J Snack Foods has announced the acquisition of the Thinsters biscuit brand from Hain Celestial, an organic and natural products company. Thinsters are described as thin, bite-size cookies that are oven-baked with real butter and real sugar. The Hain Celestial Group, which itself acquired Thinsters in 2021 along with That’s How We Roll brands and ParmCrisps, said the decision would optimize its better-for-you portfolio and reduce debts. …
North American rice and pasta specialist Riviana Foods has announced it has completed the first phase of a $80.6 million investment in a start-of-the-art processing and packaging plant in Memphis, Tennessee. In a press release, the Ebro Foods subsidiary said the first phase of the project upgraded approximately 20,000 sq ft of the facility to double capacity for Minute ready-to-serve rice cups. Commenting on the investment, Riviana Foods president and …
Uncle Matt’s Organic, a producer of organic beverages, has opened a new 75,000 sq ft manufacturing plant in the US state of Texas, to the west of Dallas and Fort Worth. The facility will reportedly take charge of 100% of Uncle Matt’s chilled juice production. Commenting on the move, Uncle Matt’s Organic founder and chief executive officer Matt McLean said: “Having doubled in size since acquiring the brand back in …
True North Seafood, a subsidiary of Canadian seafood specialist Cooke, has announced plans to close a facility located in New Bedford, in the US state of Massachusetts. True North Seafood, which acquired the New Bedford site as part of the 2020 acquisition of Mariner Seafood, said it would shift operations to its sister plant at Wanchese Fish Company in Virginia. According to sources, the decision was taken to optimize capacity …
Semcap, a growth equity company, has announced an investment of $68 million to take a significant minority stake in Aloha, a plant-based protein brand. Aloha is described as an employee-owned and operated company offering high-protein, and low-sugar plant-based products. Semcap Food & Nutrition said it invested in food companies that support sustainable modern health and a better future for food. “Semcap Food & Nutrition is an ideal partner”, said Aloha …
FMCG giant Mars has announced a $70 million investment in R&D and food manufacturing at its site in Hackettstown, New Jersey. In a press release, Mars said the upgraded New Jersey site would include a new prototyping kitchen, packaging lab, and collaboration space with the intent of increasing innovation and development to meet consumer preferences. The capabilities in the Innovation Studio will support the production of Mars Wrigley products produced …
Global spirits company Sazerac has announced it has signed an agreement to acquire BuzzBallz, a US ready-to-drink cocktail brand, for an undisclosed sum. Founded in 2009 by Merilee Kick, BuzzBallz is described as a woman-led and family-operated distillery, winery and brewery, renowned for its spherically-shaped RTD cocktails. BuzzBallz’s portfolio also includes includes brands such as BIGGIES, Uptown Cocktails, Sip Sip Hooray and Texas Craft. Commenting on the move, Sazerac CEO …
Labatt Breweries, a leading Canadian drinks company, has announced the entry of the 7UP soft drinks brand into the alcoholic drinks space with the launch of SVNS Hard 7UP, a ready-todrink cocktail that is said to combine the lemon-lime flavour of PepsiCo’s 7Up with vodka-based alcohol. Designed to capture the attention and preferences of the legal drinking age (LDA) to 34-year-old consumer, SVNS Hard 7UP is sugar-free and has 7% …
Dollar Tree, the largest discount retailer in the US, has announced plans to close nearly 1,000 stores, following a “a store portfolio review”. The retailer said it intended to initially close 600 Family Dollar stores, with a further 370 Family Dollar outlets and 30 Dollar Tree stores also expected to be shuttered over the coming years at the end of their lease term. “During the fourth quarter of fiscal 2023, …
Tyson Foods, the leading US meat firm, has announced the closure of a pork processing plant in Perry, IA. According to sources, the decision to permanently shutter the facility follows a number of other optimisations to its manufacturing network, including the closure of six chicken plants, in 2023. Reuters reports that the firm had recently been facing slowing demand for a number of its products. “While this decision was not …
Aldi, the German retail giant, has announced it plans to add 800 new stores to its US network by 2028 through a combination of new store openings and store conversions. The retailer is aiming to increase its presence in the Northeast and Midwest, adding nearly 300 stores in both regions by end of 2028. In the West region, it is looking to increase its store count in Southern California and …
Sugar Foods, a manufacturer of toppings, croutons, beverage ingredients and pizza toppings owned by Pritzker Private Capital, has announced the acquisition of Concord Foods, a leading US provider of retail foods and bespoke ingredients. Previously owned by Arbor Investments, Concord Foods is described as a premier supplier of custom ingredients and retail food products, catering to nationally-recognized supermarkets, foodservice operators and food manufacturers. The acquisition is set to include Concord’s …
Kraft Heinz Not Company, the joint venture between Kraft Heinz and TheNotCompany, has announced the launch of NotHotDogs and NotSausages, the first plant-based offerings under the Oscar Mayer brand. According to the company, the new meat substitutes offer a smoky, savoury taste, meaty colour, and thick, juicy bite, and will be available in bratwurst and Italian sausage versions Commenting on the launch, Kraft Heinz Not Company CEO Lucho Lopez-May said: …
Consumer goods major Unilever has announced plans to invest $80 million to expand its facility in Jefferson City, MO for the manufacture of the functional powder mix Liquid IV. Liquid IV was acquired by Unilever in 2020 with the aim of strengthening the company’s presence in the health and wellness category, and is said to be now four times larger than it was in the period near acquisition. The range …
Del Monte Foods, a subsidiary of consumer goods major Del Monte Pacific, has announced plans to close a green bean manufacturing plant in Markesan, WI and a tinned sweetcorn and peas plant in Toppenish, WA, according to reports in Just Food and Food Business News. The closures are said to be expected by the end of the company’s fiscal year in April, with around 220 jobs reportedly affected. Commenting on …
Heritage Distilling Company (HDC), a craft distillery based in the US, has announced the acquisition of local peer Thinking Tree Spirits for an undisclosed sum. Thinking Tree Spirits was founded in Eugene, OR in 2014 and is described as an award-winning, women-led, farm-to-flask, Oregon grown house of brands. As a result of the transaction, HDC will own 100% of the Thinking Tree Spirits assets and brands including Gifted Gin, Main …
US retailer Target has announced the launch of Dealworthy, a new private label range of home and personal care items that promises to offer a range of products at low prices with no compromise on quality. According to the retailer, the new line features 400 everyday items such as paper towels, body wash, laundry detergent and cotton balls, with prices starting at less than $1. Rick Gomez, executive vice president …
Flagship Food Group, a food company majority-owned by CREO Capital Partners which manufactures and distributes a wide portfolio of brands, has announced plans to close the production site for its La Tortilla Factory brand in Santa Rosa, CA. Founded in 1977, La Tortilla Factory is a leading maker of wraps and tortillas, including low-carbohydrate, grain-free, gluten-free, non-GMO, and added-protein products. Flagship reportedly cited both cost considerations and fact it did …
Miami Beef, a US maker of fresh and frozen meat products, has announced the acquisition of Hofmann Sausage, a New York-based sausage brand, to expand its product portfolio. Established in 1879, Hofmann Sausage offers beef and pork franks, smoked sausage, bratwursts, beef jerky and condiments. In a statement, Hofmann Sausage said: “[Miami Beef] aligns well with Hofmann’s core values and produces high-quality products like we have been doing for well …
Rind Snacks, a US maker of fruit-based snacks, has announced the acquisition of Small Batch Organics, a US supplier of granola breakfast cereal. In a statement, Rind Snacks said the deal marked a major milestone in its evolution from a dried fruit brand into a vertically-integrated healthy snack platform, adding that Small Batch Organics was “a natural extension of RIND’s mission to bring wholesome and sustainable foods […] to more …
Windsong Global, a investment firm focused on consumer brands, has announced the acquisition of the hair care brand JVN and the skincare brand Pipette, under a new holding company called Belle Brands LLC. JVN, which was created bu hair stylist Jonathan Van Ness, is said to be sustainable and cruelty-free, and has been sold exclusively at Sephora since 2021. Currently, the brand features over a dozen products, including shampoos, conditioners, …
Beverage giant Coca-Cola has announced the launch of Spiced, a new flavour variety for the company’s cola lineup in the USA and Canada. Said to be the first new permanent flavour addition to the Coca-Cola range in a number of years, Spiced is described as blending the classic Coca-Cola flavour with notes of spice and raspberry and will roll out in both sugar-sweetened and sugar-free versions. In doing so it …
Creations Foods, a maker of gluten-free, health-oriented snacks, is expanding its presence in biscuits and confectionery with the acquisition of HighKey, a Florida maker of no sugar and low sugar treats, according to a Just Food report. HighKey makes a range of low-carbohydrate products advertised as “the snacks you crave without all the sugar”. The firm’s product lineup includes biscuits, crackers, chocolates and cake bites. Creations Foods, which is owned by …
Trek One Capital, a US investment group, has announced the acquisition of organic chocolate brand Alter Eco Foods from fellow investors NextWorld Evergreen. Founded in 2004, Alter Eco Foods is described as a manufacturer of organic dark chocolate bars, truffles, granola, and quinoa, and markets its products in the US, Canada, Australia, and New Zealand. The company is claimed to use a 100% carbon neutral full cycle manufacturing process, and …
Bansk Group, a private investment firm dedicated to building consumer brands, has announced the acquisition of a majority stake in No Man’s Land Foods, a manufacturer of meat snacks, for an undisclosed sum. Founded in 1997 in Oklahoma, No Man’s Land Foods is a leading provider of jerky and meat sticks. The brand is said to be known for its authentic slow-drying production process, producing beef jerky with a distinctive …
Panos, a producer of branded consumer foods, has announced the acquisition of Tessemae’s, a specialist in refrigerated and shelf-stable organic salad dressings, for $4.5 million. The acquisition follows Tessemae’s decision to file for voluntary Chapter 11 bankruptcy protection to restructure its debts. Founded in 2009, Tessemae’s grew rapidly to secure distribution in national grocers, retailers and hotel chains. Commenting on the acquisition, Panos CEO Darcy Zbinovec said: “Tessemae’s offers a …
Utz Brands, the US snacks company, has announced it is selling a number of brands and facilities to Our Home, an operating company of “better-for-you” brands, for a cash consideration of $182.5 million. Under the agreement, affiliates of Our Home have agreed to purchase the Good Health and RW Garcia brands, the Lincolnton (NC) and Lititz (PA) manufacturing facilities and certain related assets, and assume Utz Brands’ Las Vegas, NV facility’s lease …
Tyson Foods, the leading US meat firm, has announced the opening of a $355 million facility in Bowling Green, KY to support the expansion of its bacon production capabilities. The 400,000 sq ft factory is expected to manufacture 2 million pounds of Jimmy Dean and Wright Brand bacon products for retail and food service every week. Commenting on the move, Tyson Foods president and CEO Donnie King said: “Our innovative new …
Prime Drink Group, a Quebec-based drinks company, has announced it has entered into an agreement to acquire Triani, a manufacturer and distributor of alcoholic and non-alcoholic beverages, for C$38 million ($30.1 million). Founded in 2015, Triani is known for the Cantini, Ettaro and Enjoy wine brands. It also produces and markets Octane, Mojo, Baron, and Seagram malt-based alcoholic beverages, as well as non-alcoholic products under the Hickson brand in Canada …
Fengate Private Equity, a division of investment fund Fengate Asset Management, has announced the acquisition of Saco Foods, a US manufacturer of shelf-stable products for an undisclosed sum. Founded in 1973, the company had been owned by Benford Capital Partners since 2016, during which time it underwent a process of recapitalization. Saco Foods is described as a leading specialty consumer packaged goods company primarily retailing through supermarkets, mass retailers and …
Bimbo, the Mexican bakery giant, has announced plans to close its baking plant in Albuquerque, New Mexico by April. Launched in 1945 in Mexico City, Bimbo is a leading player in the US bakery market, operating 59 plants, employing approximately 20,000 associates and running over 700 sales centers. Its brands include Thomas, Sara Lee, Arnold, Brownberry, Oroweat, Entenmann’s and Stroehmann. In a statement, Bimbo is said to have cited volume …
MPearlRock, a partnership between Kroger’s venture capital arm PearlRock Partners and MidOcean Partners, a private equity firm, has announced the acquisition of Nutpods, a plant-based creamer brand, for an undisclosed sum. Founded in 2013, Nutpods is described as the leading manufacturer and marketer of plant-based creamers in the US, with a presence in more than 15,000 retail stores. It is said to be the number one plant-based creamer brand within the …
Sprecher Brewing, a brewer with German heritage situated in Glendale (WI), has announced the acquisition of energy drink brand Juvee from global gaming and lifestyle firm 100 Thieves to increase its footprint in non-alcoholic drinks. Launched in 2022, Juvee energy drinks are claimed to boost energy, elevate mood, increase focus and improve overall well-being. Commenting on the acquisition, Sprecher Brewing CEO Sharada Chada said: “This is another exciting step for …
North American brewing major Molson Coors has launched a limited-edition confectionery product that targets consumers cutting back on alcohol as part of the “Dry January” initiative. Launched under the Miller Lite brand, the company’s beer-flavoured mints went on sale in its online shop from 12th January 2024, packaged in a 32 g tin priced at $5. A second and final batch of the product is due out on 19th January. …
Mars, the global confectionery giant, has announced it is establishing a 339,000 sq ft baking facility for the Nature’s Bakery snack bar brand in Salt Lake City (UT) via a $237 million investment. Founded in 2011 and headquartered in Reno, Nevada, Nature’s Bakery has reportedly become the US’s eighth best-selling and fastest-growing granola and snack bar brand. Touted as plant-based, dairy-free, nut-free, and Non-GMO Project Verified, Nature’s Bakery products are sold in …
AUA Private Equity Partners, a private equity fund, has announced the acquisition of Weaver Holdings, a leading popcorn producer, for an undisclosed sum. Founded in 1928 and headquartered in Indiana, Weaver Holdings is described as the leading independent popcorn producer in the United States, offering popping corn, microwave popcorn, and ready-to-eat popcorn under the Pop Weaver brand. The deal follows the decision by Weaver Holdings to sell its popcorn facilities …
Wickles Pickles, an Alabama-based producer of pickles and spreads, has been acquired by Fenwick Food Group, a division of Fenwick Brands Inc that acts as an operating platform for food brands. Wickles Pickles was founded in 1998 and is claimed to offer a unique flavor profile and robust product offering. Fenwick Food Group described the investment as “timely”, noting Wickles Pickles had reached “an inflection point” with further resources needed to …
WK Kellogg, the US breakfast cereal manufacturer that was spun off from Kellogg’s (now Kellanova) last year, has announced its first major piece of NPD with the launch of the Eat Your Mouth Off brand. Claimed to offer 22g of plant-based protein, no sugar, and 2g of net carbs or less per serving, Eat Your Mouth Off comes in a Fruity variety, featuring toasted fruity puffs, and Chocolate, with dark …
Systm Foods, a joint venture between brand accelerator Systm Brands and FMCG investment firm Ground Force Capital, has acquired drinks firm Humm for an undisclosed amount. Founded in 2009, Humm makes what is said to be the first and only Whole 30-approved kombucha. It will be added to the Systm Foods portfolio alongside fellow plant-based functional beverage brands REBBL and Chameleon Organic Coffee. Commenting on the deal, Andy Fathollahi, CEO …
Danone, the French consumer goods giant, has signed an agreement to sell the Horizon Organic and Wallaby dairy brands to US-based investment firm Platinum Equity for an undisclosed sum. Established in 1991, Horizon Organic offers USDA-certified organic dairy products ranging from milk and creamers to yoghurt, cheese, and butter. Australian brand Wallaby Organic specializes in creamy yoghurts, including traditional Australian-style and organic Greek yogurt varieties. Commenting on the deal, Antoine …
Unilever, the FMCG multinational, has announced that it has signed an agreement to acquire US haircare brand K18 for an undisclosed sum. Founded in 2020 by Suveen Sahib and Britta Cox, K18 is described as bridging the gap between beauty & biotech with six haircare solutions targeting hair damage. K18 is distributed through professional salons, retail, and e-commerce platforms in North America, the UK and Australia. Commenting on the deal, …
DayDayCook (DDC), a self-proclaimed content-driven consumer food brand, has announced that it has entered into an agreement to acquire Yai’s Thai, a leading US Thai food brand, for an undisclosed sum Founded in 2014, Yai’s Thai offers Thai-inspired pantry essentials, such as curries and stir-fry sauces. Commenting on the acquisition, DDC’s founder and CEO Norma Chu said: “Yai’s Thai is an important addition to the DayDayCook family, as it expands …
PepsiCo, the global snacks and drinks giant, has announced plans to build $90 million snack facility in Vietnam to supply both the Vietnamese and Cambodian markets. The new 80,000 sq m facility will be built in Dong Van I Expanded Industrial Park in the Ha Nam province and is expected to produce over 23,000 tonnes of goods each year. Commenting on the move, Nguyen Viet Ha, general manager of PepsiCo …
Los Angeles-based bakery firm King’s Hawaiian has announced plans to invest $200 million to build a manufacturing facility in Taylorsville, IN. According to a report in Food Business News, the company has purchased 88 acres and plans a 300,000-square-foot facility to be built in phases, with the first phase creating 125 to 150 jobs. “We are faced with a wonderful problem of capacity limitation”, said Joe Leonardo, senior vice president of …
Chobani, the leading US greek yoghurt firm, has announced the acquisition of La Colombe, an American coffee roaster, for $900 million. Founded in 1994, La Colombe is described as crafting premium roasts from bean to cup, reaching consumers through retail stores, cafes, food service providers, and direct-to-consumer platforms. The deal comes a matter of months after Keurig Dr Pepper announced a 33% ownership stake in La Colombe, which included a …
Unilever, the multinational consumer goods giant, has announced it has received a binding offer from Yellow Wood Partners, a Boston-based private equity firm, to acquire Elida Beauty for an undisclosed amount. Elida Beauty has a portfolio of 20 beauty and personal care brands including Q-tips, Impulse, Caress, Tigi, Timotei, Monsavon, Brut, Moussel, Alberto Balsam, and VO5, which together generated revenue of around £800 million ($980 million) in 2022. Fabian Garcia, Unilever …
Breakfast cereal maker Post Holdings has announced plans to close a manufacturing facility located in Lancaster, in the US state of Ohio to reduce capacity in its manufacturing network. The Lancaster plant was acquired by Post Holdings in June 2021 as part of the company’s wider acquisition of TreeHouse Foods’ breakfast cereal business. The decision will affect around 200 employees, with production to other the company’s other manufacturing sites. Commenting …
Lagoon Seafood, a fresh and frozen seafood company, has completed the construction of its 63,000 square feet state-of-the-art facility in Granby, Quebec. The new production and packaging facility elevates the company’s operations, supporting the production of Blue Tide branded and private-label products. Commenting on the news, Lagoon Seafood business resource manager Michael Cheaib said: “The completion of this project propels us forward in ways we could only dream of a …
Nissin Foods, an instant noodle manufacturer, has announced an investment of $228 million to develop a third U.S. manufacturing facility in Greenville County, South Carolina. The 640,000 sq ft facility will produce a range of products from the Nissin Foods lineup, including Top Ramen, Cup Noodles, and Hot & Spicy Fire Wok, with the ability for future expansion as required. Commenting on the move, Nissin Foods USA CEO and president …
B&G Foods, the US-based ambient and frozen foods firm, has announced that it has sold its Green Giant US shelf-stable vegetable product line to peer Seneca Foods for an undisclosed sum. The divestment will see B&G Foods retain ownership of Green Giant trademarks, and license the brand name to Seneca Foods for shelf-stable products. The deal excludes frozen items, Green Giant Canada, and the Le Sueur brand. Commenting on the …
Treasury Wine Estates (TWE), the Australian wine giant, has reached an agreement to acquire DAOU Vineyards, a US luxury wine brand, for $900 million. The acquisition includes the DAOU brand, DAOU Mountain Estate, four boutique luxury wineries and around 400 acres of vineyards. Commenting on the acquisition, Treasury Americas president Ben Dollard said: “We’re really excited about the opportunity for the wine category to engage new consumers, and particularly to …
Keurig Dr Pepper, the soft drinks and coffee firm, has announced plans to invest $100 million to expand its coffee roasting facility in Spartanburg County, South Carolina, generating more than 250 new jobs by 2027. The facility, which was opened two years ago with an initial $380 million investment, is focused on roasting and packaging coffee for K-Cup pods designed for Keurig brewers. Commenting on the move, Keurig Dr Pepper …
Ferrara, the leading US sugar confectionery firm, has announced it has signed an agreement to acquire peer Jelly Belly through its holding company CTH for an undisclosed amount. Jelly Belly is a family-run company renowned for its specialty retail confections, including jelly bean brands such as BeanBoozled® and Sport Beans®. The acquisition includes Jelly Belly’s 100 flavours, 800 employees, and its facilities in California, Illinois, and Thailand. Commenting on the …
JM Smucker, the US-based food and beverage company, has announced that it has come to an agreement to sell its Bick’s pickles, Habitant pickled beets, Woodman’s horseradish, and McLarens pickled onions brands to private label specialist TreeHouse Foods. The brands included in the transaction generated net sales of approximately $60 million for JM Smucker’s fiscal year ended April 2023. Tim Wayne, JM Smucker senior vice president & general manager, commented: …
Ruiz Foods, a Mexican food firm, has announced the acquisition of two facilities in Vernon, CA to expand its overall manufacturing space by approximately 150,000 sq ft. Ruiz Foods subsidiary RG1 Holding Co acquired both of the buildings in October 2022. The expansion is intended boost the company’s manufacturing capacity on the US west coast. Commenting on the news, Ruiz Food Products chief operating officer Kimberli Carroll said: “This additional …
Kroger, the leading US grocery retailer, has announced the launch of Mercado, a Hispanic-inspired brand offering more than 50 products sold exclusively in the Kroger family of stores. The new lineup will include queso fresco, Oaxaca cheese balls, ready-to-cook flour tortillas, pre-cooked white corn meal, chorizo ground sausage, thin-sliced beef strip steak, aqua fresca and chicharrones pork crackling strips. Commenting on the brand launch, Kroger vice president Juan De Paoli …
Utz Brands, the US snack maker, has announced plans to rationalise its manufacturing network, including divesting a plant in Bluffton (IN), closing another in Hanover (PA), and listing for sale two further plants in Louisiana and Alabama. The company said the move was intended to streamline its operating structure by consolidating volume into a smaller number of facilities. In addition, Utz Brands said it had signed a built-to-suit agreement for a …
Second Nature Brands, a US snack and confectionery brand owner, has announced the acquisition of nut and fruit snack mix maker Sahale Snacks from JM Smucker for a total consideration of $34 million. Sahale Snacks has net sales of $48 million and sell its products across the US and internationally under its namesake brand. The transaction will include all trademarks, as well as a leased manufacturing facility in Seattle(WA). The existing Second Nature Brands portfolio includes …
Kroger and Albertsons have announced plans to divest 413 stores to retail supply firm C&S Wholesale Grocers in connection with the proposed merger of the two chains, which was announced last year. The deal involves stores operating under banners such as QFC, Mariano’s, and Carrs. Kroger will also sell private label brands like Debi Lilly Design, Primo Taglio, Open Nature, ReadyMeals, and Waterfront Bistro, along with eight distribution centres and …
JM Smucker, a US-based food and beverage company has announced the acquisition of Hostess Brands, a long-established US bakery firm, “to accelerate focus on convenient consumer occasions”. Hostess Brands is a Kansas-based company that markets products under brands such as Hostess, Donettes, Twinkies, CupCakes, Ding Dongs, Zingers, CoffeeCakes, HoHos, and Voortman cookies and wafers. The acquisition includes the brand portfolio along with six production facilities, a distribution centre, and 3,000 …
Kellogg, the leading cereal and snack maker, has moved a step closer to separating into two distinct business after the proposal was rubber-stamped by the company’s board. Upon completion on 2nd October, Kellogg will be renamed Kellanova and will continue to trade on the New York Stock Exchange under the ticker symbol “K”, while the spun-off WK Kellogg Co is expected to begin trading on the NYSE under the ticker symbol …
E.l.f. Beauty, the US cosmetics maker, has announced it has signed an agreement to acquire drugstore skincare brand Naturium for $355 million in a combination of cash and stock. Naturium, which was launched in 2019 by brand accelerator The Center, claims to unlocks the benefits of natural botanicals and powerful actives with innovative technology. Its best-selling products include The Glow Getter Multi-Oil Hydrating Body Wash, Vitamin C Complex Serum and …
Wells Enterprises, the US ice cream maker, has announced plans to expand its Dunkirk, New York manufacturing plant, generating more than 200 jobs. The company, which was acquired by Ferrero in December 2022 but continues to operate independently, said the investment was key to boosting production for brands like Blue Bunny, Blue Ribbon Classics, Bomb Pop, and Halo Top. Commenting on the move, Wells Enterprises CEO Liam Killeen said: “The …
Aldi, the Germany-based retail chain, has announced an expansion of its footprint in the US with the acquisition of the Winn-Dixie and Harveys chains as part of as part of a larger divestiture of Southeastern Grocers. The deal includes 400 Winn-Dixie and Harveys stores in Alabama, Florida, Georgia, Louisiana, and Mississippi, making up 75% of the two chains’ grocery outlets. In a press release, the company said some locations would …
US-based multinational brewer Molson Coors is continuing to diversify beyond the beer space with the acquisition of Blue Run Spirits, a bourbon and rye whiskey producer, for an undisclosed sum. With the acquisition, the firm’s first in the spirits category, the company said it would expand its portfolio and offering a more premium range of products. The deal will more than double the size of Molson Coors’ spirits team and …
Campbell Soup, the US foods manufacturer, has announced the acquisition of Sovos Brands, a fellow packaged food company, in a deal worth around $2.7 billion. Sovos Brands offers a variety of # products including pasta sauces, dry pasta, soups, frozen meals, frozen pizza, and yohgurts under the brand names Rao’s, Michael Angelo’s and noosa. The firm generated $837 million in annual sales in calendar year 2022, and achieved 28% compound …
Lactalis Canada, a subsidiary of French dairy giant Lactalis, has announced the acquisition of dessert manufacturer Marie Morin Canada for an undisclosed sum. With the transaction, Lactalis Canada will enter the dessert category in the Canadian and US markets. The acquisition includes a production facility of premium desserts in Saint-Bruno-de-Montarville, Québec and 52 employees who will join Lactalis Canada’s workforce. “We are delighted to add Marie Morin Canada and its …
Plant-based company Livekindly Collective (LKC) has announced the acquisition of Alpha Foods a company specialized in frozen plant-based meals. The acquisition will allow LKC to increase its footprint in the US market. Alpha Foods is a California-based manufacturer of frozen plant-based meals such us burritos, breakfast sandwiches, chicken nuggets, patties, chicken strips, and wraps, among all products. Commenting on the acquisition, LiveKindly CEO David Knopf said: “LIVEKINDLY Collective is the …
Seviroli Foods, a US food processor owned by Mill Point Capital, has announced the acquisition of Mama Rosie’s, a family-owned manufacturer of frozen pasta products, in order to broaden its portfolio, scale up the business and diversify its customer base. Mama Rosie’s supplies customers in the northeastern US with speciality filled and non-filled frozen pasta, produced in Charlestown and Woburn (MA). Seviroli Foods produces various pasta items, including ravioli, tortellini, …
Private equity firm Brynwood Partners has announced the acquisition of the Marie’s and Dean’s Dip brands from Ventura Foods via its newly-formed portfolio company West Madison Foods. Marie’s is a brand of salad dressings, dips and spreads, and is said to have a strong position in the refrigerated salad dressing space. Dean’s Dip is described as being universally known for its French Onion, Ranch and Guacamole dips. West Madison Foods …
Theo Chocolate, a US chocolate maker, has announced it is planning to merge with confectionery firm American Licorice Co in order to restructure its operations, which will result in the closure of its Seattle factory and a reduction in staff headcount. In its 18 years of operation, Theo Chocolate said it had transformed from a local Seattle-based company into a nationally-distributed brand. It will join American Licorice Co’s portfolio of …
US food giant Kraft Heinz has announced plans to invest $400 million to build one of the largest automated consumer goods distribution centres in North America. The company stated that the 775,000 sq ft facility in DeKalb (IL) will feature national railway access and a “24/7 automated storage and retrieval system. Commenting on the investment, Kraft Heinz EVP and president of North America Carlos Abrams-Rivera said: “As we continue on …
Mars, the leading food multinational, has signed an agreement to acquire Kevin’s Natural Foods, a manufacturer of sous-vide meals, sides and sauces, to bolster its Mars Food & Nutrition segment. Kevin’s Natural Foods is described as a maker of chef-inspired meals using whole foods and simple ingredients. The product ranges are described as being free from refined sugar, artificial ingredients, grains, soy, antibiotics and hormones. Commenting on the acquisition, Mars …
Monster, the leading US energy drinks company, has announced it has reached an agreement to acquire Vital Pharmaceuticals, owner of the Bang Energy brand, after the latter declared bankruptcy. In a statement, Monster said it would acquire Bang Energy’s performance beverages and related Bang Energy businesses through the purchase of substantially all of Bang Energy’s assets, reportedly valued at $362 million, under an Asset Purchase Agreement. The agreement is said …
Walgreens Boots Alliance (WBA), a global leader in retail pharmacy, has announced the closure of 300 Boots stores in the UK and a further 150 Walgreens branches in the US, according to BBC and Financial Times reports. Speaking in a conference call to announce its financial results for the third quarter of fiscal 2023, the retail group reportedly claimed the move would allow it to “concentrate its team members where …
Nature’s Path, an organic breakfast and snack food company, has announced the acquisition of Love Child Organics, a Canadian organic baby food and children’s snack brand. Reportedly started from homemade recipes, Love Child Organics is touted as having been created on the promise of delivering “truly healthy, clean and organic” baby and children’s food products. The deal “strategically positions the company in the flourishing baby food market”, the company relayed …
ITG Brands, a subsidiary of global tobacco and nicotine business Imperial Brands, has announced the acquisition of a nicotine pouch range from Canadian manufacturer TJP Labs to aid its entry into the modern US oral market. In a statement, ITG Brands, which currently produces a range of cigarettes, cigars and vapour products, said it had acquired a 14-strong range that has performed well in consumer testing. Imperial Brands currently offers …
Unilever, the multinational consumer goods giant, has announced that the company has reached an agreement to acquire Yasso, a US frozen greek yogurt brand. Yasso offers a range of convenient frozen snacks, including novelty stick bars, chocolate crunch bars, frozen greek yogurt sandwiches and mochi. Commenting on the acquisition, Matt Close, president ice cream at Unilever, said: “I am delighted to welcome Yasso to the Unilever family. It has built …
Monogram Foods, a manufacturer and marketer of packaged value-added foods, has announced it is investing $8 million to expand an existing plant in Martinsville, VA. The company said it intended to use the investment to increase production capacity by 80% to meet rising demand for its ready-to-eat jerky and meat stick snacks. The investment will create 156 new jobs, taking Monogram Foods’ total headcount at the site to around 686. …
Sunderstorm, the US consumer cannabis company, has announced the acquisition of Abide Brands, a Nevada-based e-cigarette specialist, for an undisclosed sum. Abide Brands is the maker of Bounti, which is is described as one of Nevada’s top-selling vape brands It focuses on “artisanal blends” which have reportedly quickly gained a loyal base of “discerning” consumers. Sunderstorm makes and sells edible products including Kanha, a brand of CBD gummies that is …
Corby, the Canadian affiliate of wine and spirits multinational Pernod Ricard, has announced that it has signed an agreement to acquire 90% of Ace Beverage Group (ABG), a manufacturer of ready-to-drink alcoholic beverages, for C$148.5 million ($111.8 million). The acquisition will add the Cottage Springs, Ace Hill, Cabana Coast, Liberty Village Beverage and Good Vines brands to Corby’s portfolio. Commenting on the detail, Nicolas Krantz, Corby president and CEO said: …
E & J Gallo Winery, a US producer of wine, spirits and flavoured alcoholic beverages, has announced the acquisition of Bev, a California-based drinks brand that produces canned wines. In a statement, E & J Gallo Winery said Bev was founded “to inspire kinder, more inclusive fun in drinking culture at large” and to “creat[e] a voice for women” in the alcoholic drinks industry. The acquisition will add Bev Rose, …
Heartland, a specialist in low-calorie sweeteners, coffee creamers and water enhancers, has announced the launch of a new zero-calorie drink mix under the brand Splenda Peel & Pour. The liquid drink mix is designed to be mixed with two quarts (around 1.9 l) of water per pod and is available in pink lemonade, sweet tea, fruit punch, and peach mango options. Commenting on the launch, Jeff Marvel, Splenda senior brand …
Flagstone Foods, one of the largest manufacturers and distributors of private label snacks and trail mixes in the US, has announced the acquisition of nut specialist Emerald Nuts from Campbell Soup. Emerald Nuts operates plants in North Carolina, Texas and Alabama, processing a varied assortment of nuts, including almonds, pecans, walnuts, cashews, peanuts, and mixed nuts in a range of flavours. It is said to be particularly known for ‘grab-and-go’ …
Global FMCG giant Nestle has announced an expansion to its plant-based range with the launch of new frozen dessert under the Haagen-Dazs brand in Canada that uses oats as a dairy alternative. Launching across most grocery stores, the new line comes in the varieties Chocolate Peanut Butter (rich chocolate ice cream with creamy peanut butter swirls), Vanilla Raspberry Truffle (vanilla ice cream with raspberry ribbons and truffle pieces) and Caramel Fudge …
Food giant Kellogg and sports nutrition firm Iovate Health Sciences have collaborated on the launch of new whey protein powders whose flavours are inspired by classic Kellogg’s breakfast cereals. The new Six Star 100% Whey Protein Plus will be available in Frosted Flakes and Froot Loops flavours and contains 30g of protein, 6.7g of branched-chain amino acids (BCAAs) and 2g of sugar per serving. Commenting on the partnership, David Lee, …
MGP Ingredients, a leading provider of distilled spirits, branded spirits, and food ingredient solutions, has announced that its subsidiary Luxco has reached an agreement to purchase Penelope Bourbon and its assets. In a press release, MGP Ingredients said the deal includes a portfolio of high-quality whiskeys in the premium plus price tiers, as well as intellectual property and inventory. David Colo, president and CEO of MGP Ingredients, commented: “We are …
Multinational beverage firm Coca-Cola has announced plans to build a new facility in upstate New York to produce Fairlife branded products. In a statement, the company said the decision to build the facility was part of its plans to expand in the Northeast market and represents an investment of $650 million in the region. Located in Webster, the plant is expected to source milk from co-operatives to produce Fairlife’s dairy …
FMCG giant Mondelez has announced the opening of its new global research & development (R&D) innovation centre in the US state of New Jersey. The $50 million state-of-the-art facility includes a pilot and scale-up facility for biscuits, crackers and confectionery, focusing on brands including Ritz, Oreo and Sour Patch Kids. “This strategic investment in our new Global Innovation Center will enable us to pilot exciting new snacking breakthroughs and bring …
US-based food and beverage company JM Smucker has announced the closing of a transaction to sell several pet food brands to Post Holdings for approximately $1.2 billion. The acquisition, which was announced in February, includes brands such Rachael Ray Nutrish, 9Lives, Kibbles ‘n Bits, Nature’s Recipe and Gravy Train, a private label pet food business, and several manufacturing and distributing facilities. “With the close of this transaction, we are excited to …
US retailer Coborn’s has announced it has signed an agreement to acquire Sullivan’s Foods grocery stores and other retail units in Illinois, expanding its operations to a new state. According a report in Progressive Grocer, the deal includes 11 grocery stores, one convenience store and fuel centre, three hardware stores, one central office and a warehouse. The purchased stores will continue to operate under the Sullivan’s Foods banner. Commenting on …
US confectionery firm Hershey has announced the acquisition of two manufacturing facilities from Weaver Popcorn Manufacturing, a leader in popcorn production. In a press release, Hershey said the deal includes Weaver Popcorn’s plants in Bethlehem (PA) and Whitestown (IN). Hershey and Weaver Popcorn are already co-manufacturers of the Hershey’s SkinnyPop brand and the acquisition will help to strengthen the brand, enabling it to grow in volume and quality, Hershey add …
Edrington, a UK-based spirit producer has announced the acquisition of an additional stake in US firm Wyoming Whiskey, increasing its shareholding from 35% to 80%. In a press release, Edrington said the Wyoming Whiskey brand has been part of its Partnership Brands unit, which has helped the firm to grow in volume and value in the US market. Jane Graham, director of Partnership Brands, said: “With a compelling brand story, …
US craft brewer New Belgium Brewing has announced that the company has reached an agreement to purchase a manufacturing brewery in Daleville (VA) that is currently owned by Constellation Brands. In a press release, New Belgium Brewing claimed additional product capacity was needed to meet growing demand for its craft beer, which includes America’s number one IPA brand Voodoo Ranger. The agreement guarantees the employment of all plant employees, the company …
Dole, the leading fruit processor, has announced the launch of Good Crunch, a dried fruit snack that promises “an ultra-craveable crunch”. Available as Pineapple Bites, Banana Bites and Pineapple Bites with Chili, the new line is claimed to use a gentle dehydration process to lock in fresh fruit flavour and preserve nutrients. It is further claimed to be all-natural and free from genetic modification, artificial flavours, colours and preservatives, and added …
Wine and spirits multinational Pernod Ricard has announced that the company has signed an agreement to acquire a majority stake in Skrewball, a producer of flavoured whiskey Skrewball was founded in 2018 and produces a peanut butter whiskey that is now available in the US, Canada and the Caribbean. “Skrewball has proven its uniqueness and success with a large audience, so we are delighted to have this brand as part …
Farmer-owned dairy co-operative Tillamook has announced plans to open a new ice cream manufacturing facility in Decatur (IL), in 2024. Tillamook currently operates two facilities in Oregon, mainly dedicated to the production of cheese. The new facility will be the first to focus exclusively on ice cream manufacture. Mike Bever, executive vice president of operations at Tillamook, said: “Consumer demand for Tillamook Ice Cream has grown exponentially over the past …
Canada-based potato processor McCain has announced an investment of C$600 million (approx. $436.73 million) to double the size and workforce of its processing facility in Alberta. The investment will allow the company to create two new state-of-the-art production lines and achieve its commitments to cut greenhouse gas emissions, McCain said. “The development in Alberta marks our largest global investment in our 65-year history, totalling $600 million, while underscoring our commitment to the …
FMCG giant Nestle has announced plans to launch a new plant-based milk alternative in the US made from a blend of oat and broad (fava) beans. In a press release, the company said the new dairy alternative has strong nutritional value, with 5g of protein per serving and the benefits of amino acids. Claimed to have a mild, nutty taste and smooth texture, the drink will be available in both …
US-based retailer Amazon has announced that the company is closing eight of its Amazon Go physical convenience stores, according to a report in Supermarket News. The e-commerce giant has reportedly already closed two Amazon Go stores in Seattle, with plans to close two more in New York City and four in San Francisco by the start of April. “Like any physical retailer, we periodically assess our portfolio of stores and …
Altria, the multinational tobacco firm, has announced a definitive agreement to acquire e-cigarette company NJOY Holding for about $2.75 billion in cash. NJOY is described as a leading brand of pod-based e-vapour products with 33,000 retail stores in the US. Commenting on the deal, Altria CEO Billy Gifford said: “We believe we can responsibly accelerate U.S. adult smoker and competitive adult vaper adoption of NJOY ACE in ways that NJOY …
Sweet Harvest Foods, the self-proclaimed leader in the US natural sweetener industry, has announced the acquisition of Sweet River Honey, a honey producer based in the state of Texas. In a press release, the firm said the acquisition would add hives and beekeeping experience to its portfolio and enable it to expand its operations. Ken Stickevers, CEO of Sweet Harvest Foods, commented: “Sweet Harvest Foods Holdings is deeply committed to …
FMCG giant Danone has announced plans to invest up to $65 million over the next two years to create a new bottle production line at its existing facility in Jacksonville, Florida, according to a Food Manufacturing Report. The investment aims to increase production of coffee and coffee creamer products under brands such as International Delight and SToK to meet consumer demand. The new production line is also intended to contribute …
The latest innovation insight from Gama Compass MANCHESTER – 27th February 2023: This month, Gama turns its gaze towards continued advances in on-the-go breakfast foods, examining a launch pushing in-vogue pulses and legumes as a contender to rival oats in the hot cereals category – Lentiful Instant Lentils. New to consumers in the US, Lentiful is a four-strong range of single-serve pots that position lentils as an instant hot meal or …
US multinational food firm Tyson Foods has announced that the company has signed an agreement to purchase Williams Sausage Company, a producer of fresh and cooked sausages, bacon and sandwiches. Based in Union City, Tennessee, Williams Sausage Company currently has 500 employees and supplies to both retail and foodservice custpmers. Stewart Glendinning, group president, prepared foods for Tyson Foods, said: “The addition of Williams Sausage Company aligns with our strategic …
Morinaga Nutritional Foods, a US-based manufacturer of soya and dairy products, has announced the acquisition of the Tofurky and Moocho plant-based brands in the US. In a statement, Morinaga Nutritional Foods said it would use the acquisition to strengthen its presence in the plant-based sector and boost new product development. Founded in 1980, Tofurky is a leading manufacturer of plant-based meats, while sister company Moocho produces dairy-free cheeses that are …
CVS Pharmacy, the US personal care and drugstore chain, has announced the launch of over 200 own brand “self care staples” under the One+other brand. The company’s goal was to “democratize access to personal care products so that everyone can practice self-care in their own unique way at an accessible price point”, the company said in a statement. The new brand, pronounced “one another” and including items such as cotton …
Milo’s, an Alabama-based firm that manufactures, distributes, markets and sells ice teas and lemonades throughout the USA, has announced plans to build its fourth manufacturing plant in Spartanburg County, SC. The company said the expansion was a direct response to the growth of the Milo’s brand, which it claimed was the number one refrigerated tea and fastest growing lemonade in the U.S. The 110,000 sq ft facility will initially employ more than 100 staff, with further …
Danone, the French consumer goods giant, has announced it is exploring strategic options, including a potential sale, for its organic dairy activity in the US, comprising the Horizon Organic and Wallaby businesses. “This announcement is an additional step in the portfolio review and asset rotation program the company announced in March 2022, as part of the Renew Danone strategy”, Danone said in a statement. While touting Horizon Organic and Wallaby as “strong, …
Bakery firm Bimbo has announced it plans to invest C$15 million ($11.2 million) in a new tortilla production line in Hamilton, in Canada’s Ontario province. According to an article in Canadian Grocer, the company made the decision to invest in the new line in order to meet growing market demand in Western Canada. Bimbo’s investment is supported by the Ontario government which is providing CAD $1.5 million ($1.1million) for the …
Procter & Gamble (P&G), the global personal and homecare firm, has announced the acquisition of Mielle Organics, a US haircare brand that particularly serves women in the Black community. Founded in 2014, Mielle Organics has become a leading brand for consumers with textured hair through innovative, technology-driven products, natural ingredients, and inspirational and educational content, P&G said in a statement. The company’s products can be found in more than 100,000 …
US-based consumer-packaged food company Sovos Brands has announced that it has completed the divestiture of the pancake & waffle mix brand Birch Benders and related assets to Hometown Food Company. Sovos Brands offers a portfolio of pasta sauces, dry pasta, soups, frozen entrees, frozen pizza and yoghurts, sold under the brand names Rao’s, Michael Angelo’s and Noosa, while Hometown Food Company owns a portfolio of baking brands such as Pillsbury, …
Fishermen owned company Silver Bay Seafoods has announced the acquisition of food processing company Orca Bay Foods. Both companies formed a joint venture over the past few years where Silver Bay was the supplier of seafood and Orla Bay was processing, selling, and marketing the products. “Orca Bay is excited to join Silver Bay Seafoods as we continue our mission of delivering sustainable, delicious, high-quality products. This partnership will provide …
Food tech company Benson Hill has announced the sales of the assets related to its Fresh business in a two-part transaction to IMG Enterprises for a price of US $21 million. The divestiture will enable the company to focus on its ingredients business and meet the growing demand for its soybean product portfolio. “We believe there is tremendous opportunity to grow our proprietary ingredients portfolio in the food, oil and …
Global leader in confectionery, snacking, food, and pet care products and services Mars, Incorporated, has acquired whole-fruit snack brand Tru Fru. Founded in 2017, Tru Fru is a innovate, better-for-you, high-quality snack made from real fruit, coated in premium chocolate and available in both frozen and shelf-stable. “We are thrilled to welcome one of the most innovative fruit-based snacks in the U.S. into the Mars family of brands. Tru Fru …
Snack and confectionery multinational Mondelez International has announced that has agreed to sell its gum business in the USA, Canada and Europe to Perfetti Van Melle Group for $1.350 billion. The sale is part of the strategy of Mondelez International to accelerate growth and focus portfolio on chocolate, biscuits, and baked snacks categories. The acquisition includes the gum brands Trident, Dentyne, Stimorol, Hollywood, V6, Chiclets, Bubbaloo and Bubblicious in the …
Leading Italian food company Barilla Group has announced the acquisition of the bakery brand Back To Nature from B&G Foods. The acquisition of Back To Nature follows the strategy of Barilla to build a strong multi-brand bakery platform in the United States. Founded in 1960, Back To Nature has a portfolio of plant-based, non-GMO cookies, crackers, granola and nuts & trail mix categories. “At Barilla, we aspire to build a …
Confectionery firm Ferrero Group has announced the acquisition of US ice maker Wells Enterprises as part as Ferrero’s strategy to growth in the ice cream section and Wells’ vision for accelerated growth. Wells will remain a standalone business with its portfolio of brand such us Blue Bunny, Blue Ribbon Classics, Bomb Pop, and Halo Top under Ferrero’s ownership. “Ferrero is a likeminded company with a commitment to providing high-quality, premium …
US-based food and beverage company The J.M. Smucker Co has announced plans to build a new R&D facility in its Orrville campus in Ohio, USA. According to sources, the new 29,000 sq. ft lab will support the firm’s Smucker’s Uncrustables brand and the company plans to develop new products in the facility, test innovative products and to seek new opportunities to optimise productivity. Tina Floyd, senior vice president and general …
Dairy family-owner cooperative in California, California Dairies Inc. (CDI) has acquired DairyAmerica a globally recognised supplier of quality and sustainable dairy ingredients. Founded in 1995, DairyAmerica is a federated cooperative currently co-owned by California Dairies, Agri-Mark, Inc., and O-AT-KA Milk Products. As part of the acquisition, California Dairies will purchase the ownership rights currently held by Agri-Mark, Inc. and O-AT-KA Milk Products. “This investment in DairyAmerica provides the opportunity for …
Philip Morris International (PMI) has become the majority shareholder of the leading oral nicotine company Swedish Match. PMI has acquired 93 percent of the shares in Swedish Match and its portfolio of oral nicotine products in a move to accelerate its objective of a smoke-free future replacing cigarettes with science-based, better alternatives to smoking products. “We are delighted to have obtained over 90 percent ownership of Swedish Match, allowing us …
Deutsch Family Wine & Spirits has entered into a joint venture with Two Sons Imports, owners of Cantera Negra Tequila to acquire a partial ownership stake in Cantera Negra to become the exclusive global sale and marketing partner. Cantera Negra is handcrafted in small-batch quantities tequila made from 100% fully mature blue agaves. The portfolio of Cantera Negra tequilas includes: Silver, with natural hints of citrus and clean earthy notes …
Leading beverage company in North America, Keurig Dr Pepper, has announced an investment in Athletic Brewing Company, America’s leading non-alcoholic craft beer maker. According to the Keurig Dr Pepper’s statement, the company purchased a minority stake of $50 million in Athletic Brewing Company in a move to tap into the rapidly emerging beverage categories. As part of the deal, Keurig Dr Pepper will have an equity stake in Athletic Brewing …
US-based firm American Beverage Corporation, a wholly-owned subsidiary of Harvest Hill Beverage Company, has announced the acquisition of Poppilu, a lemonade brand targeted to children. Founded in 2017, Poppilu was at a first stage targeted to adults but its target shifted in 2020, when the need for a lemonade for kids was identified. Poppilu is sold in pouches in three ‘bold and tangy’ lemonade flavours (Original Lemon, Blueberry and Peach …
Multinational Mexican bakery Grupo Bimbo has announced an investment of $630 million to build two new facilities in Georgia and Ohio in the USA. The facility in Georgia, which will be the second plant of Grupo Bimbo in the city, will cost around $200 million creating nearly 300 new jobs, while the facility in Ohio will cost around $431 million generating over 320 jobs. Grupo Bimbo is a manufacturer of …
Juul Labs has secured an investment from some of its early investors to keep the e-cigarette business operations avoiding the bankruptcy. Juul plans to lay off abut 400 people and reduce its operation budget by 30% to 40%. The company has been facing financial strains since the FDA banned Juul’s vaping products this year and then put the ban on hold pending further review. The uncertainty around the ban has …
Global sweet-packaged foods firm Ferrero Group has announced that the company broke ground on its new facility in Bloomington, Illinois. The new Kinder Bueno facility represented an investment of $214.4 million and it will create 200 new jobs, according to the company’s press release. Alanna Cotton, president and chief business officer of Ferrero North America said: “This investment will fuel our momentum in North America, a strategic growth area for …
Alcoholic drinks firm Diageo has announced the acquisition of leading Texas premium whisky distiller, Balcones Distilling. Balcones Distilling is a craft distiller that is said to produce super premium whiskies, such as Texas “1” American Single Malt, Lineage American Single Malt and Baby Blue Corn Whisky. The firm differentiates from others by creating whiskies with distinctive flavours and the beverages are produced with high quality, original and often locally sourced …
Leading international tobacco company Japan Tobacco has announced a joint venture between the JT Group, through its subsidiary JTI, and the leading US tobacco firm Altria Group, through PM USA. According to the Japan Tobacco’s press release, the join venture was formed to market and commercialise heated tobacco sticks (HTS) products in the USA, using Ploom devices and Marlboro consumables. A long-term, non-binding global memorandum of understanding was signed to …
Philip Morris International (PMI) has reached an agreement with Altria Group (Altria) to end the companies’ commercial covering IQOS in the USA. From 30th April 2024, PMI will have full rights to sell IQOS in the USA. As part of the agreement, PMI will pay a total cash consideration of $2.7 billion. The agreement between the two companies for the commercialization of heat-not-burn products in the USA was established in …
Global meat firm JBS has decided to discontinue its US plant-based foods unit Planterra Foods, according to a FoodBev report. The firm will reportedly now focus its efforts in plant-based foods Brazil and Europe, where its customer base and market share are said to be growing. Nikki Richardson, head of corporate communications at JBS USA, said: “JBS USA has made the decision to discontinue operations in its US-based Planterra business …
US retail chains Kroger and Albertsons, currently ranked No. 1 and No. 2 largest supermarket retailers in the country, have announced that the companies are to merge. According to a Kroger press release, the merger will expand customer reach and improve proximity to fresh and affordable food to around 85 million households. Under the terms of the deal, Kroger will purchase the outstanding shares of Albertsons Companies, Inc, common and …
Florida-based Primo Water Corporation has announced the acquisition of all the assets of fellow bottled water producer Crystal Spring Water Company, which is based in Rhode Island. According to Primo Water Corporation, the purchase will allow it to increase its distribution in both Rhode Island and South-eastern Massachusetts, where Crystal Spring Water Company’s products are already present. Tom Harrington, CEO of Primo Water Corporation, said: “Crystal Spring Water Company offers high-quality spring water solutions …
Constellation Brands, the leading international beer, wine and spirits firm, has announced that it is divesting part of its mainstream premium wine brands to The Wine Group. According to a company press release, the decision to sell most of its popular and mainstream premium wine portfolio to The Wine Group, including the brands Cooper & Thief, Crafters Union, The Dreaming Tree, Monkey Bay, 7 Moons, and Charles Smith Wines, is …
US based Hilmar Cheese has recently announced that it has broken ground on its new cheese and whey production facility in Dodge City, KS. According to a company press release, the new facility will be delivered through an investment of $600 million. Founded in 1984, Hilmar Cheese is claimed to be one of the world’s largest producers of high quality American-style cheese and its product range is currently available in …
Tequila producer Cazcabel Tequila has announced plans to open a new $37 million distillery in Mexico in 2023. Located in the Jalisco mountains in the Los Altos region, the facility will be run by the Vazquez family, known for producing agave and tequila. The property is claimed to be close to agave fields and near natural springs area with optimum water minerality to produce premium tequila. According to sources, the plant’s construction …
FMCG giant PepsiCo has launched a limited-edition range of S’mores inspired flavours for its Pepsi cola line in the US. Released on the last day of summer, the Pepsi S’mores Collection is available in the varieties Toasty Marshmallow, Graham Cracker and Chocolate. The Toasty Marshmallow variant is said to have a marshmallow base with toasted notes to bring out the “fireside flavour”, whilst the Graham Cracker variety is said to have notes …
Diageo’s Aviation American Gin subsidiary has announced the opening of a new Aviation American Gin Distillery and Visitor Center in Portland, USA. According to a company press release, the 3,000 sq m facility features a tasting room, draft cocktail bar, and a gift shop. Ryan Reynolds, Aviation American Gin co-owner said: “About three years ago, we set out to create a one-of-a-kind distillery and tasting experience to give people the opportunity …
House Foods Holding USA, a subsidiary of Japan-based House Foods Group, has announced the acquisition of US based Keystone Natural Holdings, described as a leading manufacturer of tofu and plant-based foods in North America. In a statement, Keystone Natural Holdings, whose brands include Nature’s Soy brand, will help House Foods to boost its portfolio of plant-based products and expand its presence in North America, increasing the factories it operates from two to eight. Chaoran …
AG Olives (Aceitunas Guadalquivir), described as one of the world’s premier olive companies, has announced the purchase of US peer Bell-Carter Foods for an undisclosed sum. According to sources, the deal will enable Bell-Carter Foods to fund investment in its facility in Corning, California, including to expand warehouse space, install advanced olive cookers, and create new production lines. The investment will help the company to meet the demand for its …
Food giant Kellogg has announced the launch of Kellogg’s Insta-bowls, a cereal presented in bowls that can be prepared simply by adding water. Described as ‘delicious milk and cereal in a splash’, the cereal is claimed to contain real milk and is ready after adding cold water and stirring. The product was designed with the aim of creating a convenient, portable product for consumers with busy schedules, to be consumed …
US online grocer Misfits Market has announced the purchase of fellow e-commerce firm Imperfect Foods. According to sources, the companies are intended to be operated separately at first, before being merged into a single brand. Both online grocers started out retailing mishappen products in order to prevent food waste, but currently also sell a broader range of fresh products such as meat, seafood and other groceries. Abhi Ramesh, CEO and founder of Misfits Market, said: …
Eli’s Cheesecake, a Chicago-based cheesecake and dessert maker, has announced that it is expanding its facility in northwest Chicago by 42,000 sq ft. According to the company, the new space will allow for the expansion of bakery operations including the addition of new production and packaging lines and storage areas. Once the expansion is completed, the facility will cover a total of 104,000 sq feet, including the company’s corporate offices. …
Treehouse Foods, a leading manufacturer and distributor of private label foods and beverages, has announced that it has come to an agreement with Investindustrial to sell a part of its meal preparation business for $950 million. In a statement, Treehouse Foods said the deal was intended to “simplify” its business proceedings and allow it to focus its efforts on other areas. Commenting on the move, Treehouse Foods CEO Steve Oakland, said “This transaction …
Coca-Cola has announced Dreamworld, the latest offering within its Coca-Cola Creations concept. According to a company press release, Coca-Cola Dreamworld, which also comes in a zero sugar version, “explores the realms of the surreal, the imaginary, and the otherworldly” offering “a surprising and unexpected flavor from a dream world”. Commenting on the launch, Alessandra Cascino, creative and shopper programme director of Coca-Cola North America, said: “Coca-Cola Dreamworld taps into Gen Z’s …
Hispanic food business V&V Supremo Foods has announced the acquisition of family-owned cheese producer Mill Creek Cheese. V&V Supremo Foods was founded in 1964 and produces Mexican cheese, crema and chorizo, and owns the Chihuahua quesadilla cheese brand. Founded in 1891, Mill Creek Cheese is described as the oldest family-owned cheese plant in Iowa County, Wisconsin. V&V Supremo Foods said it planned to use the deal to boost production and strengthen …
Del Monte Foods, the US food company, has announced the acquisition of cooking aids firm Kitchen Basics from McCormick. Kitchen Basics was founded in 1996 and has an extensive portfolio of ready-to-use stocks and broths, and is currently the market leader in the US. Greg Longstreet, president and CEO of Del Monte Foods, said: “Del Monte Foods has gone through a positive transformation over the past five years, and we …
FMCG giant Colgate-Palmolive has announced plans to acquire three dry pet food manufacturing plants in the US from Red Collar Pet Foods for $700 million. According to Colgate-Palmolive, the acquisition aims to support the global growth of its Hill’s Pet Nutrition business and includes the transfer of approximately 350 employees. The manufacturing plants – in Orangeburg (SC), Clinton (OK), and Washington Court House (OH) – will be part of Hill’s Pet …
Kroger, one of US’s largest grocery retailers, has announced that they are opening a new Customer Fulfilment Centre in Dallas, Texas, powered by the Uk’s Ocado group. According to sources, the centre will utilise automated robotics technology to improve customer experience. It is part of Kroger’s delivery network, with more than 1,000 bots traversing a large grid, controlled by proprietary control systems. The grid, also called The Hive, contains cells …
PepsiCo, the leading US consumer goods firm, has announced a distribution agreement and the acquisition of $550 million stake in energy drink company Celsius Holdings at the price of $75 per share, corresponding to 8.5% ownership of the company. Celsius is a US global consumer packaged goods company that produces lifestyle energy fitness drinks. With this agreement, PepsiCo will become the preferred distribution partner globally for Celsius Holdings and will support …
Carolina Foods, a bakery and pastry manufacturer, has announced it is building a new manufacturing facility in Pineville, NC. According to sources, the new facility will cover an area of 423,000 sq ft and will be operational by 2023. Commenting on the move, Carolina Foods CEO Dan Myers said: “In addition to being twice the size of our current space, our new facility will be totally climate controlled, providing a pleasant work …
FMCG giant PepsiCo has announced the acquisition of 152 acres of land in the Denver Development Area that will be used for a new 1.2 million sq ft manufacturing facility. According to sources, the new plant will be PepsiCo Beverages North America’s largest and most sustainable. The new facility will replace a manufacturing plant in the River North Art District, tripling production capacity and created 250 new jobs. Johannes Evenblij, president of …
US-based food and beverage company JM Smucker has announced it has sold its breakfast cereal line Red River Cereal to Ontario-based firm Arva Flour Mills for an undisclosed sum. According to sources, JM Smucker had revealed in 2020 that the company was going to sell businesses that were not aligned with their “long-term strategy focus”. Mark Rinker, owner of Arva Flour Mills, said: “Since acquiring Arva Flour Mills last Fall, …
Denmark-based brewing and beverage firm Royal Unibrew has announced that it came into an agreement to acquire the entirety of the Toronto-based company Amsterdam Brewery Co. Ltd., a Canadian craft brewing company with a normalised revenue of around CAD$34 million ($26.4 million). According to sources, the acquisition of the company will bring Royal Unibrew more premium offerings into the portfolio within Canada, Ontario in particular, as it is the largest …
US multinational food firm Tyson Foods has announced that the expansion of its Forest, Mississippi plant is now complete. According to sources, the facility’s expansion covers the chicken-related production capacity due to the increase in demand for protein. The expansion provides new automation technology and capacity designed for higher efficiency processing of chickens for both food service and retail. The expansion was implemented amidst Tyson Foods’s supply issues in order …
Confectionery firm Ferrero North America has announced plans to open a 45,000 sq ft Innovation Centre with Strategic R&D Lab in Chicago’s Marshall Field and Company Building. This new facility will merge Ferrero’s R&D teams across the US and house employees from Ferrero’s Old Post Office location, including about 170 cross-functional teams. The Innovation Centre will represent a number of brands from the company’s portfolio including Fannie May, Nutella Cafe, …
Flower Foods, one of the main producers of packaged bakery foods in the US, has announced an investment in Base Culture, a manufacturer of gluten-free and grain-free sliced breads and baked goods that are aligned with the paleo diet. According to Flower Foods, Base Culture’s products are currently available in nearly 15,000 retail locations across the US. The investment will reportedly allow the company to increase its distribution capacity, scale marketing, …
Splash Beverage Group, owner of leading beverage brands, announced the acquisition of 80% of Pulpoloco Sangria, giving the group control over the manufacturing and distribution in the US and international markets. Pupoloco Sangria is crafted in Spain, and Its distribution rights were acquired in 2020 by Splash, turning the giant into the exclusive importer of the drink in the US. Robert Nistico, Splash’s chairman and CEO, commented: “In addition to …
Cheese producer Maytag Dairy Farms has been sold to AgCertain Industries, which is owned by private equity firm Midwest Growth Partners since 2019. Maytag Dairy Farms was founded in 1941 and sells and supplies jam, honey, popcorn, blue cheese, cheddar, and cheese spreads to retailers and foodservice businesses as well as selling products online. AgCertain Industries belongs to Midwest Growth Partners and produces private-label cooking oils and refined glycerine. John …
Keurig Dr Pepper have recently announced the acquisition of the non-alcoholic cocktail brand Atypique from Station Agro-Biotech. The agreement made for the acquisition has both Keurig and Station Agro-Biotech fuel the growth of Atypique using the research done by Station Agro-Biotech in the product category and Keurig’s sales network. Chief financial officer for the international branch of Keurig Dr Pepper, Ozan Dokmecioglu said “We are excited to add this new …
Coca Cola Canada Bottling has announced its plans to invest nearly CAD$42 million ($32 million) into the Lower Mainland region’s operations due to growing demand in British Columbia and to help their capability in the region. According to sources, the investment will be applied to create a new manufacturing line in the Richmond plant, allowing the facility to use pre-form bottles at the location and in the warehouse and distribution …
Food giant The Kellogg Company has recently announced plans to restructure the company by splitting it into three companies in the US. The firm is planning to combine all of its cereal operations in North America into one singular entity. Similarly, Kellogg is planning to separate its plant-based and snacking businesses into separate companies as well. The reasoning the company provided for the decision to split is that “the proposed …
FMCG giant Mondelez has announced plans to buy Clif Bar & Company for $2.9 billion (€2.75 billion), paying additional amounts to the sellers according to its earnings from Clif Bar. According to the sources, the giant will get the Clif, Luna, and Clif Kid brands of bars in its portfolio through the acquisition, creating a $1 billion-plus global snack bar franchise for itself and expanding its global snack bar business. …
US firm Athletic Brewing Company has officially started production at its 50,000 square foot new facility in Milford, Connecticut. Athletic Brewing is one of the country’s largest non-alcoholic beer producers and it has experienced exponential growth over the past five years, producing 1.4 million cases of beers in 2021. It is expected that with this new facility, the company will be able to produce 6 million cases annually. With a …
New Berlin Beverage, a recently founded holding company with a focus on emerging and innovative beverages, has announced the acquisition of Minna, a line of sparkling iced teas. Minna’s portfolio consists of various types of sparkling tea, including fruity flavours such as cherry cacao green tea and pineapple passion fruit tea. CEO of New Berlin Beverage and Minna, Anshu Dua, said “This acquisition will allow Minna to deliver superior supply …
US based company Atlas Holdings, owner of manufacturing and distribution businesses operating in various sectors, has announced the completion of the acquisition of Foster Farms, a producer of fresh and frozen poultry based in California. According to sources, Foster Farms has a history of being one of the leading brands in fresh chicken products in the west and has facilities in several US states. After the acquisition, Foster Farms will continue to …
Specialty cheesemaker Dairyfood USA has been acquired by Borgman Capital, a private-equity company, that will merge the business with Gilman Cheese, an own-label cheese manufacturer. The acquisition will allow Gilman Cheese to expand its portfolio of products and production capacity. Dairyfood USA was founded in 1953 and sells products under the Glacier Ridge Farms, Queso de Casa, and Sonoma Jacks brands, the company also produces private label products such as …
Starbucks and Bolthouse Farms have entered into a definitive agreement for Bolthouse Farms to acquire brand and business of Evolution Fresh. Evolution Fresh is a producer of cold pressed juice products which was owned by Starbucks since the 2010s. The transaction will allow Bolthouse Farms to expand its beverage portfolio with cold pressed premium juices, while Starbucks will focus on growing the core Starbucks business. Vice president of Starbucks’ global …
US giant food General Mills has entered into an agreement with Eagle Foods to sell Helper and Suddenly Salad businesses for a $610 million cash transaction. With the acquisition, Eagle Foods will create three diversified platforms focusing on growing centre store categories for retailers and continue investing in its growing snacks and milk business in parallel with this new investment. “We are builders of brands, categories, and people,” said Bernard …
Canadian plant-based food supplier, Above Food, has acquired a local quinoa products supplier Northern Quinoa Production Corp. (NorQuin). NorQuin, is the leading quinoa producer in the world providing a broad portfolio of quinoa in a variety of formats, such as whole seeds, flour, flakes, crisps, IQF, multi-grain blends, among others. Lionel Kambeitz, CEO of Above Food, said: “The team at NorQuin has built a truly remarkable platform. Adding them to …
Vital Farms, a Certificated B Corporation with an offering of ethically produced food, has announced the expansion of Egg Central Station, its world-class egg washing and packing facility in Missouri. The 150,000 square foot facility has almost doubled its size, allowing Vital Farms to continue growing the pasture-raised egg business and generate new ‘high-quality’ jobs. The company is expected to generate over $300 million in additional revenue. “Like everything across …
US food giant General Mills has announced the acquisition of TNT Crust, a manufacturer of high-quality frozen pizza crusts for pizza chains, foodservice distributors, and retail outlets, from Peak Rock Capital. According to sources, TNT Crust products are highly complementary to General Mills’ existing frozen baked goods portfolio. With this acquisition, General Mills aims to invest in its portfolio reshaping strategy and expand the “Away-from-Home” category. Shawn O’Grady, Group President …
Mondelez International, snack and confectionery multinational, announced the divestment of its market gum, and global Halls business. According to sources, included in the sale of its market gum business are brands such as Trident, Stride, and Dentyne, which are part of a segment with annual revenue of about US$450million. This decision was the output of a portfolio review in an investor day update to discuss the group’s long-term growth strategy. …
Cheese maker Sargento Foods has acquired the Wisconsin-based Baker Cheese Factory, due to the increasing demand for more convenient on-the-go dairy products. According to Sargento Foods, cheese snacking has become ‘one of the fastest growing sections of the cheese category’, so the firm decided to acquire the local mozzarella string cheese producer, which had recently been ‘growing aggressively’, to face that demand. The CEO of Sargento Foods, Louie Gentine, said: …
Belgian-Swiss cocoa processor and chocolate manufacturer, Barry Callebaut, announced plans to build a new specialty factory in Ontario, Canada. According to the firm’s press release, the new factory will be designed for the purpose of making sugar-free chocolate, high protein, and other various specialty products to meet new demands and an estimated initial production capacity of 50,000 metric tonnes of chocolate products. The president of the Americas region of Barry …
US based salted snack manufacturer Utz Brands has announced that they have purchased a brand-new manufacturing facility in North Carolina from Benestar Brands, with the transaction totaling $38.4 million with $1.3 million in liabilities. According to the company’s statement, the acquisition involved the plant, equipment, and the land where the plant is located. Chief operating officer of Utz Brands, Cary Devore said: “This is a strong step forward in optimising …
US based meat snack company Jack Link’s has announced plans to expand with a new manufacturing plant in Perry, Georgia. According to sources, the company estimates an investment of $450 million and the creation of 800 new job positions. Chief executive of Jack Link’s, Troy Link, said “We are excited to partner with the state of Georgia and Houston County on this state-of-the-art facility, we are grateful for the opportunity to invest …
Mondelez International, snack and confectionery multinational, has agreed to pay US$1.3bn for the Mexican confectionery business Ricolino from bakery firm Grupo Bimbo. Ricolino was launched in 1970 and sells snacks and confectionery products including lollipops, marshmallows, chocolates, and gummies under its brand name, and Vero, La Corona, and Coronado brands. According to sources, this acquisition is part of Mondelez International expansion strategy outside the US, which has described Mexico as …
Global confectionery giant Mars Wrigley has announced new investment for an approximately $40 million research and development hub that will be adjacent to its innovation centre in Goose Island, Chicago. According to sources, this expansion will make Chicago the largest innovation hub for the company and it will create 30 new jobs in the innovation centre, leaving the Mars campus with 1,000 employees in Goose Island. Vice president of R&D …
Plant Based and holistic wellness firm Simply Better Brands Corp. and Jones Soda Co, manufacturer and distributor of premium craft beverages, have announced that the two companies have executed a binding letter in which Simply Better Brands will acquire the Jones Soda company and its assets. According to sources, the combination of the two rapidly growing companies is expected to produce an accelerated growth in the areas of food and …
US firm Patriot Pickle, a company by private equity firm Swander Pace Capital, has announced the acquisition of the pickle business from distributor Farm Ridge Foods. Patriot Pickle, which is based in Wayne, New Jersey, manufactures and delivers a variety of refrigerated pickles, sauerkraut, and other pickled vegetable products around the US. Farm Ridge Foods distributes pickle products under its own brand and third-party brands and private labels. Bill McEntee, …
US multinational food firm Tyson Foods is investing $208 million in a new facility in Hanceville, Alabama, closed to the company’s last rendering facility, which was destroyed in a fire last year. According to sources, the new 121,000 sq. ft rendering facility will be serving many of the state’s poultry processors and others in neighbouring states. The rendering process is said to reduce waste by cooking and breaking down the …
Constellation Brands, a leading beverage alcohol company has acquired the remaining interest in ready-to-drink cocktail company, Austin Cocktails, from Austin, Texas. The female-founded Austin Cocktails is said to be rapidly growing and to be famous for its premium, award-winning bottled and canned craft cocktails. According to sources, Constellation Brands’ investment in Austin Cocktails started back in 2018 as part of Constellation Ventures’ Focus on Female Founders initiative and reinforces the …
Leading North American producer of salads and healthy fresh foods, Taylor Farms, has announced the opening of a new facility in Toronto, Canada. According to sources, the new production facility will allow Canadian consumers to have access to Taylor Farms fresh products and, at the same time, it will support local growers and the job market. Kevin Silver, general manager of Taylor Farms Canada said: “We’re thrilled to expand further …
Global confectionery giant Mars Wrigley has announced the investment of $175 million in the expansion of its chocolate manufacturing facility in Kansas. According to sources, the expansion plans include increasing the production of Snickers products as well as introducing two other confectionery bars to manufacture at the facility: Milky Way and 3 Musketeers. Additionally, it will include new equipment to improve the efficiency of the packaging process. The investment, which …
Soft drinks giant Coca-Cola has announced the launch of Coca-Cola Zero Sugar Bite, the second drink from Coca-Cola Creations and the first Coca-Cola flavour born in the metaverse, released to physical retail afterwards. According to sources, the limited-edition drink will be introduced digitally on an island created in Fortnight Creative and it will be sold in twin packs – one can drink and the other can for collection purposes. Oana …
US based Indoor farming company Local Bounti has announced that it is acquiring the rival indoor farming company Hollandia Produce Group for $122.5 million. According to sources, the acquisition of Hollandia, which sells its products under the Pete’s brand name, may offer financial stability to Local Bounti as the Hollandia’s revenue totaled $22.7 million in 2021 with the gross margins reaching 45%, whereas Local Bounti reported sales of $638,000 in …
US-based retailer Walmart Canada is investing over $118 million to build a high-tech fulfillment centre in Alberta, Canada. According to sources, the 430,000 sq. ft warehouse, located in Rock View County, will be a delivery hub for orders in Western Canada. The investment is said to be part of the retailer’s strategy to improve shopping experiences both online and in-store and will allow the company to expand the availability of …
Private equity firm Goode Partners has announced a minority investment of $30 million in Jocko Fuel a provider of premium sport and lifestyle nutritional products. Founded in 2017, Jocko Fuel is a provider of a broad range of premium sports nutrition products, that focus on clean, natural, and functional ingredients offered in several formats such as clean energy drinks, powders, and capsules. “The strategic investment from Goode Partners validates Jocko …
Diageo, the leading alcoholic drinks company, has announced the opening of a CAD$245 million ($194million) carbon neutral distillery in Ontario to support the growth ambitions for its Crown Royal Canadian whisky brand. The new distillery will be built according to Diageo’s ‘Society 2030:Spirit of Progress’ sustainability action plan which will operate with 100% renewable energy. It will have the capacity to produce up to 20 million litres of absolute alcohol, and …
Nestle USA has announced an investment of $675 million to build a new factory in Glendale Arizona to meet the growing demand for its products. The new facility will produce creamers for Nestle’s category-leading portfolio, including the Coffee mate, Coffee mate natural bliss, and Starbucks brands. “Beverages play an increasingly important role in the lives of consumers, a trend that’s been accelerated by the pandemic and is expected to continue …
Global food company LT Foods through its subsidiary LT Foods Americas has acquired a 51% controlling stake in Golden Star Trading Inc. along with its brand Golden Star. Golden Star Trading is an American company that markets jasmine rice products under the Golden Star brand being all GMO free, gluten free, and natural and/or organic. With the acquisition, LT foods will be able to expand and lead the Speciality Rice …
PepsiCo, the global snacks and drinks giant, has announced the investment of $260 million in its manufacturing facility in the city of Tucker, Georgia. The expansion will create about 136 new full time jobs, bringing up PepsiCo’s total workforce in DeKalb county to over 600. The facility will be expanded by more than 260,000 sq feet as well as is expected to increase production fivefold by 2025. By 2025, this …
Kroger, the leading US grocery retailer, has announced a partnership with plant-based food developer Impossible Foods to expand Kroger’s meat-free offering under the private label Home Chef brand, according to a Food Business News report. The Home Chef brand, which Kroger acquired in 2018, is said to encompass more than 500 products including ready meals, meal kits, and ready-to-eat products. Commenting on the partnership, Stuart W Aitken, chief merchandising and …
Fermented Food Holdings, a recently-established specialist food company that aspires to become a category leader, has announced it has acquired the Californian food brands Wildbrine and Bubbies. Both companies produce fermented produce ranging from pickles and sauerkraut to kimchi and salsa, Fermented Food Holdings said. Wildbrine has also recently released a new WildCreamery brand with the aim of producing cultured plant-based dairy alternatives. Commenting on the move, Fermented Food Holdings …
The North American subsidiary of alcoholic drinks multinational Diageo has invested $110 million in a new 25,000 sq ft facility for canned flavoured alcoholic beverages (FABs) in Plainfield, Il, USA to supplement existing ready-to-drink production in the area. According to Diageo, the new facility has two high-speed lines with capacity to produce more than 25 million cases of malt-based beverages and spirit-based ready-to-drink (RTD) cocktails, employing 50 full-time staff. “We’re …
Rowdy Energy, a US-based manufacturer of energy drinks, has announced the launch of Power Burn, a new product that is claimed to burn up 135 calories per can, in addition to having energising benefits. Launched in Pink Lemonade, Pineapple Passionfruit, Mango Dragonfruit, and Watermelon varieties, Power Burn energy drink is described as containing only 5 calories per can and as providing 160mg of natural caffeine from green tea and green …
US-based alcoholic drinks firm Breakthru Beverage Group has announced it has signed an agreement with beer distributor JJ Taylor to acquire and integrate the latter’s business in Minnesota. The move will strengthen the company’s position as it continues to expand its range of services and products, Breakthru Beverage Group said. The acquisition is expected to close later this spring season, and will also offer Breakthru Beverage Group enhanced operational capabilities …
Leading Spanish company Ebro Foods through its American subsidiary Riviana Foods has reached an agreement to purchase the assets of InHasvest for $48.75 million. InHarvest is a premier provider of rice, rice blends, exotic grains, & legumes with a strong presence in the industrial (B2B), Food Service, and Private Label businesses. The deal includes two production plants in California with a workforce of 140 people, generating a turnover of USD …
Multinational FMCG firm, The Kraft Heinz Company, has announced a joint venture with food tech start-up TheNotCompany in order to accelerate plant-based innovation globally. According to Kraft Heinz, the partnership’s goal is to reimagine food production and move toward a more sustainable future. By forming the partnership, the companies will be able to join forces to develop new plant-based co-branded versions of products, using TheNotCompany first-of-its-kind technology and artificial intelligence …
Multinational drinks company, The Coca-Cola Company, has announced the launch of a space-inspired drink, under the Coca-Cola Starlight brand name. According to the company, the limited-edition series, part of its global innovation platform Coca-Cola Creations, was inspired by ‘the infinite possibilities of space’, and it fuses the signature Coca-Cola flavour with ‘unexpected touches, including a reddish hue and cooling taste sensation evoking the feeling of a journey to space’. Oana …
Golden Grail, a fast-growing company in the beverage sector, has announced the acquisition of Tickle Water, an innovative, premium sparkling water created for children, for an undisclosed amount. Founded in 2016, Tickle Water is a naturally flavoured sparkling water free from GMOs, gluten, sugar, sodium, calories, sweeteners, preservatives, and also Kosher certificated, available in four flavours, orange mango, watermelon, grape, and green apple. “Tickle Water is the fourth and latest …
Peak Rock Capital affiliate has announced the acquisition of Ziyad Brothers, a Middle Eastern and Mediterranean food distributor. Peak Rock Capital is a leading middle-market private investment firm that makes equity and debt investments in companies in North America and Europe. “Ziyad represents a unique opportunity to invest in an exceptional business and team that has differentiated itself as the unparalleled authority on Middle East and Mediterranean cuisine. Ziyad’s history …
Global Food and Ingredients (GFI) has announced the acquisition of Your Fitness Dish, a premium plant-based milk, and snack food company operating under the YoFiit brand. YoFiit is a manufacturer of high protein plant-based milk made with chickpeas, pea protein, and flax oil, and high protein plant-based and low sugar bars and granola. “We are very pleased to accelerate our plans to expand into the high growth plant-based milk and …
Canadian plant-based company Above Food, has announced the acquisition of Sonic Milling Systems, a food technology company focused on developing processing techniques for plant-based ingredients and products. Sonic Milling uses water and pressure to create microscopic air bubbles capable of breaking apart a diverse range of ingredients such as grain, pulses, fruits, and vegetables into clean-label liquids and sauces without the need for stabilizers or added oils. Lionel Kambeitz, CEO …
Heaven Hill, a large, independent, family-owned, and operated distilled spirits supplier, has acquired Samson & Surrey a premium spirits company, owner of a wide portfolio of craft whiskey brands for an undisclosed sum. The acquisition expands Heaven Hill’s portfolio with six high-growth, super-premium brands, Tequila Ocho, Widow Jane American Whiskey, FEW Spirits, Brenne French Whisky, Bluecoat Gin and Mezcal Vago, and facilities. “Throughout our 86-year history, our focus has been …
Leading salty snacks company with operations across the US and Mexico, Benestar Brands, has announced the acquisition of pork rind producer 4505 Meats. The acquisition will expand the wide portfolio of brands that Benestar owns in the snack category. 4505 Meats offers keto-friendly and paleo-certified meat snacks that it says are made prioritizing quality and using all-natural ingredients and responsibly raised meats. The company’s range includes pork rinds and recently …
Canada-based cookies, crackers, and bars manufacturer Leclerc Foods has announced the acquisition of a 790,197 square-foot production facility in Brockville, Ontario. The acquisition is part of the company’s strategy to expand the business where C$100 million will be invested over the next five years and 200 new jobs will be created within the first two years of operation. The facility will be Leclerc’s largest facility and will be used to …
Eat Beyond Global, an investment issuer focused on innovative food tech as well as plant-based and alternative food products, has entered into a definitive agreement to acquire Mylk Brands owner of Banana Wave for C$11.5 million. US-based, Banana Waves has a portfolio of five gluten-free, soy-free, and non-GMO beverages made from oats and real banana. All varieties have 90 calories or fewer and contain vitamin b, potassium, fiber, and protein. Michael …
Branded and private label food multinational C.H. Guenther has announced the acquisition of Baldinger-Sons bakeries for an undisclosed sum. The acquisition of Minnesota-based Baldinger bakery and Canada-based Sons bakery will help C.H. Guenther & Son to expand its bakery manufacturing capacity and strengthen relationships with quick-service restaurant customers. Founded in 1888, Baldinger bakes hamburger buns, rolls, bagels, and other bakery items for multinational quick-service (QSR) restaurant brands with operations in …
Winery company Vintage Wine Estates has announced the acquisition of Meier’s Wine Cellars, doing business as Meier’s Beverage Group. Founded in 1895, Meier’s is a leading producer, bottler, importer, and marketer of specialty beverage alcohol and non-alcohol products. The company owns a bonded winery, brewery, and distilled spirits plant with processing, blending and bottling capabilities for a broad variety of beverage alcohol and non-alcoholic products, including three bottling lines and a state-of-the-art …
Israeli-based food tech company DouxMatok has partnered with Blommer Chocolate to produce and sell a portfolio of chocolate products made with significantly less sugar content. DouxMatok offers sugar-based sugar-reduction solutions in response to consumers’ clear preference for taste and growing demand for healthier foods. The company produces Incredo Sugar, a product made from real cane or beet sugar, which allows for up to 50% sugar reduction by enhancing the perception …
Planting Hope Company, a manufacturer of plant-based food and beverages, has entered into a definitive agreement to acquire Betterer Foods, the producer of legume-based rice alternative RightRice, for $7 million. RightRice is a shelf-stable, non-GMO, gluten-free, plant-based, and kosher vegetable grain that is a blend of over 90 percent vegetables, including lentils, chickpeas, green peas, and rice, that delivers on both taste and nutrition. “The RightRice® brand and products add …
Global food manufacturer Welch Foods has announced plans to invest $26.3 million to expand its facility in Michigan. As part of the expansion, Welch’s will build a new bottling line to meet the increasing demand for single-serve beverages, creating up to 57 new jobs. “Welch’s is pleased that our close partnership with UFCW Local 825 has enabled us to commit to this investment, which will support our growth, continue to …
American leading beverage company has announced that it has formed a joint venture to acquire independent craft brewer Uinta Brewing for an undisclosed sum. Founded in 1993, Uinta produces award-winning beers in a wide variety of styles and flavours. “Uinta is a strong brand with a state-of-the-art brewery. The team and culture that has been developed over the years is second to none in the industry,” said Justin Fisch, president …
Simmons Foods has announced its plans to invest $100 million in the expansion of its prepared food facility in Arkansas. The expansion will meet the growing demand for cooked products at the same time that supports the local economy. The 65,000-square-foot expansion of the existing facility will add two automated production and packaging lines, creating 100 new jobs, including highly skilled positions to support robotics and automation processes. “We’re excited …
Canadian leading distributors of global candy and chocolate confectionery brands Regal Confections has acquired local ice lolly firm Kisko Products for an undisclosed sum. Kisko is a manufacturer of freezer pops owning brands such as Mr. Freeze, Kisko and Mrs. J’s Natural, and licensed brands including Welch’s, Mott’s, and Crush. Mark Josephs, President of Kisko Products said, “We are incredibly proud of the impact our company has had for over …
Private equity firm MidOcean Partners has announced the acquisition of Casper’s Ice Cream, a manufacturer and distributor of frozen novelty and ice cream products in the United States. Founded in 1925, Casper’s Ice Cream produces a wide range of frozen products including ice cream sandwiches, cones, bars, sticks, cups, and other formats under brands such as FatBoy, Jolly Llama, and ChurnBaby. Daniel Penn, Managing Director at MidOcean, commented, “MidOcean has …
Leading beverage alcohol company Constellation Brands has entered into an agreement with The Coca-Cola Company in the United States to bring the Fresca brand into the beverage alcohol sector. The partnership will launch a new product this year, the new Fresca Mix, a distinctive line of spirit-based, ready-to-drink cocktails. “The Coca-Cola Company’s FRESCA® brand is not only trusted by consumers, but also directly delivers on consumer preferences for refreshment, flavor, …
AB InBev-owned beer company Corona is launching Corona Sunbrew an innovative non-alcoholic beer which vitamin D. The ‘innovative, first-of-its-kind, non-alcoholic beer’ is said to contain 30% of the daily value of vitamin D in 330ml serving. The new Corona Sunbrew beer is made by extracting alcohol from Corona Extra and then blending the non-alcoholic beer with vitamin D and natural flavours. Felipe Ambra, global vice president for Corona, commented: “As …
US food and beverages manufacturer JM Smucker has entered into an agreement to sell its natural and organic beverage and grains businesses to Nexus Capital for $110 million. The sale includes assets of RW Knudsen and TruRoots brands, a licensing agreement for Santa Cruz Organic beverages and manufacturing facilities in Chico, California, and Havre de Grace, Maryland. Tina Floyd, vice president and general manager of consumer foods at JM Smucker, …
Perfect Day a subsidiary of The Urgent Company has announced the acquisition of US-based ice cream maker Coolhaus and announced plans to turn it into an animal-free brand. Coolhaus is a leading women-owned ice cream brand and a pioneer in dessert innovation and novelties with its thoughtfully-crafted, super-premium, and innovative ice cream and plant-based frozen desserts. “Bringing together our social and climate missions is deeply personal. We know the work …
Hain Celestial, a North American organic and natural products company, has announced that it has entered into an agreement to acquire That’s How We Roll brands, ParmCrisps and Thinsters, for approximately $259 million. ParmCrisps and Thinsters are better-for-you brands made of simple ingredients. While ParmCrisps are high-protein, low-carb cheese crisps and snack mixes, Thinsters are crispy thin cookies made from high-quality, non-GMO ingredients. “We are absolutely thrilled to be joining …
JBS owned Planterra Foods has announced the opening of a new 189,000-square-foot manufacturing facility in Denver. The new facility will increase Planterra’s production capacity of plant-based protein products, allowing the brand to reach new customers and retailers and it will generate 200 new jobs. “This is a huge milestone for Planterra Foods, and a dream come true to be manufacturing our OZO products here in our hometown of Denver,” said …
Keto-friendly sauce and dressing company, Hungry Squirrel, has announced the opening of a new facility in Texas. The new facility will help the company to expand operations and serve the growing demand for keto-friendly all-natural products created for people with food limitations. Founder and CEO of Hungry Squirrel, Sandra DiCicco commented, “We are very excited to open our newest location in the great state of Texas for our Hungry Squirrel …
US food giant General Mills has agreed to sell its European dough business to Cérélia, a global leader in ready-to-bake dough solutions. The transaction, which is expected to close by the end of fiscal 2022, includes General Mills branded and private label dough business in Germany, the UK, and Ireland, including the Knack & Back and Jus-Rol brands. According to a statement released by the company, the sale is part of …
Natural spring water company BlueTriton Brands has announced the completion of the acquisition of certain assets of Saratoga Spring Water Company (SSWC). Founded in 1872, Saratoga Spring Water Company bottles natural spring water from Saratoga Spring selling throughout the United States and internationally. “We are thrilled to welcome Saratoga Spring Water Company’s products into the BlueTriton family,” said Tony W. Lee, managing partner of One Rock Capital Partners, LLC and …
Mondelez International, the snack and confectionery multinational, has announced an investment of $122.5 million to expand supply chain operations during the next three years in Virginia. The investment will be used to expand the Richmond Biscuit Bakery by 68,000 square feet, enabling it to house a high-speech Oreo production line, and to open a sales fulfillment centre, which will create about 80 jobs. “We are excited about these further investments …
Australian global winemaking and distribution business Treasury Wine Estates has reached an agreement to acquire wine business Frank Family Vineyards for $315 million. Founded in 1992 by Rick Frank, the Frank Family Vineyards has a portfolio of sparkling award-winning luxury hand-crafted wines complementary to Treasury Wine Estates offering. The acquisition includes the Frank Family Tasting Room, the Benjamin Vineyard, and the S&J Vineyard. Ben Dollard, Treasury Americas President commented, “The …
The J.M. Smucker has announced the investment of $1.1 billion in a new facility and distribution centre in Alabama to meet the consumer demand. The new manufacturing facility is the third dedicated to the production of Smucker’s Uncrustables brand and will support The J.M. Smucker’s strategy to more than double its current production capacity. The new facility and distribution centre will be built in three phases during the next three years …
PlantPlus Foods a provider of plant-based protein products has entered into an agreement to acquire Sol Cuisine and DEW Drink Eat Well. With the acquisition of the two companies, PlantPlus Foods will enhance operations in North America accelerating the growth of the plant-based protein category. DEW Drink Eat Well produces free-from plant-based burgers and sausages under Hilary’s brand in the USA and Canada. Canada-based, Sol Cuisine is a producer of …
Julia Stamberger, CEO and co-founder, Planting Hope Company Planting Hope Company, a manufacturer of plant-based food and drinks, has announced plans to publicly list on Canada’s TSX Venture Exchange (TSX VE) on the 29th November. Described as a women-managed and woman-led company with a focus on nutrition, sustainability and diversity, Planting Hope Company claims to develop, launch and scale innovative plant-based and planet-friendly food and beverages. Its flagship brands are Hope and …
The Hershey Company has announced the acquisition of two pretzel companies, Dot’s Pretzels LLC and Pretzels Inc for approximately $1.2 billion. Founded by Dot Henke in her home kitchen, Dot’s Pretzels started as a family business creating high-quality homemade pretzels. Pretzels Inc is a co-manufacturer of pretzels for Dot’s Pretzels and other brands, being a leading innovator in the pretzel category. The company operates three manufacturing facilities, which will help …
Nature’s Path, an organic breakfast and snack food company, has acquired a majority stake in Anita’s Organic Mill, a producer of organic flours and baking products. Founded in 1997, Anita’s Organic Mill is said to be one of the most respected millers and manufacturers of organic whole grain flours in Canada, sourcing organic grains from local farmers. Its product range includes whole grain and sprouted flours, cereals, flour blends, mixes and gluten-free …
US snack maker Bobo’s has announced it is investing $10 million in a new facility in Colorado. The investment will help Bobo’s to consolidate its two bakeries and warehouse into one building to increase capacity in order to meet growing demand. Along with upgraded manufacturing space, Bobo’s will also expand its staff headcount. By consolidating the facilities, the company will cut down the amount of driving needed for materials and employees between facilities. …
Utz Brands, the US savoury snack company, has announced the acquisition of crisp maker RW Garcia for $56 million. Founded in 1982, RW Garcia is a family-owned manufacturer of organic gluten-free tortilla chips, crackers and corn chips. The firm has manufacturing facilities located in Nevada and North Carolina. “We expect this strategic acquisition will enable strong supply chain synergies, enhance our ability to expand distribution of our existing brands, and …
Phillips Distilling, a US spirits brands, has announced the acquisition of the Leroux and Kamora brands from Beam Suntory for an undisclosed sum. The Kamora brand is a coffee liqueur in the US and Canada made with savoury coffee beans infused with vanilla, chocolate and caramel notes. The Leroux brand range comprises 19 varieties of liqueur and eight flavoured brandies. The flavoured brandies led by Polish Blackberry Brandy, are claimed to …
Coca-Cola, the multinational drinks company, has announced the acquisition of the remaining stake in BodyArmor, a US sports drink, for $5.6 billion. In 2018, Coca-Cola acquired 15% stake in BodyArmor with a path to full ownership. The company will operate as a separate business and maintain its base in New York. “BodyArmor has been a great addition to the system lineup over the last three years, and the company has …
Multinational Mexican bakery firm Grupo Bimbo has acquired Popcornopolis from private equity firm NexPhase Capital through its Barcel USA subsidiary for an undisclosed sum. Founded in 2003, Popcornopolis is a California-based manufacturer of ready-to-eat gourmet popcorn snacks, best known for its cone-shaped packaging and indulgent flavours such Zebra, Unicorn, and Doble Drizzle. “We have only scratched the surface of the potential of this brand, and we are excited to introduce …
George Weston has announced it has entered into an agreement to sell its Weston Foods fresh and frozen business to affiliated entities of FGF Brands, a technology-oriented bakery company, for an aggregate cash consideration of C$1.2 billion ($970.6 million). The Weston Foods fresh and frozen bakery businesses serve retail and foodservice customers with packaged fresh bread and rolls and alternatives, as well as frozen and artisan bread and rolls, cakes, …
Swift Prepared Foods, a subsidiary of global meat firm JBS, has reached an agreement to acquire Sunnyvalley Smoked Meats for $90 million. Founded in 1990, Sunnyvalley Smoked Meats is a producer of smoked bacon, ham, and turkey products with gross revenues of $150 million annually. The company’s operates a production facility employing over 300 people. Swift Prepared Foods was acquired by JBS USA in 2017 and currently operates seven production facilities. …
Tyson Foods, one of the world’s largest meat firms, has announced an investment of $61 million in its poultry facility in Vicksburg, MS, according to a FoodBev report. The expansion, which is expected to be completed by next summer, will allow Tyson to increase poultry production capacity and create nearly 50 new jobs. The facility in Vicksburg makes fully cooked chicken products for both foodservice and retail customers. David Bray, …
US-based condiments, seasonings, and spices producer Sauer Brands has entered into an agreement to acquire Mateo’s Gourmet Salsa a shelf-stable salsa maker for an undisclosed sum. Founded in 2010 in Texas, Mateo’s Gourmet Salsa is described as one of the US’s leading independent salsa brands, marketing a wide range of salsas positioned as “all-natural”. The acquisition of Mateo’s Gourmet Salsa allows Sauer Brands to enter into the salsa business as …
International poultry processor Koch Foods has announced an investment of $220 million to expand its existing poultry processing facility in Fairfield, OH, according to a Food Business News report The company is said to be planning to build a 402,000 square-foot addition to the north of the existing processing facility, and to create 400 new jobs within three years of completing the expansion. Construction work is due to begin in October …
Dr. Schar USA has announced a 42,000 square foot expansion of its manufacturing facility in Logan Township to meet increasing demand for gluten-free bread. The New Jersey facility produces gluten-free sliced breads and rolls for the North American market. Founded in Italy, Dr. Schar is a producer of gluten-free food to celiac, gluten sensitive, and IBS consumers, offering a wide portfolio of products from bread, cookies, candy, and crackers to frozen products …
Private holding company HumanCo has acquired a majority stake in grain-free foods maker Against the Grain, according to a Food Business News report. HumanCo has a portfolio of plant-based and natural products such as Coconut Bliss ice cream, and Monty’s vegan cheese and speads Against the Grain is specialised in grain and gluten-free frozen pizzas, bread, rolls, bagels, and baking mixes that are formulated with tapioca starch and buckwheat flour. “As …
Private investment house Ardian has announced the acquisition of a majority stake in Florida Food Products (FFP) from MidOcean Partners for an enterprise value in excess of $1 billion. Founded in 1954, Florida Food Products is a producer of vegetable and “fruit-based” clean label ingredients. The firm is described as the largest provider of clean label cures for the protein sector, with a rapidly growing portfolio of natural ingredients with …
BelGioioso, a US-based manufacturer of Italian cheeses, has entered into an agreement to acquire Polly-O from Kraft Heinz and Lactalis, according to a Deli Market News report. The acquisition of Polly-O, an Italian cheese brand, will expand BelGioioso’s portfolio and add to its existing Casaro brand range. Founded in 1899, Polly-O is known for its ricotta, mozzarella and string cheeses. “We are thrilled to add the Polly-O brand to our portfolio and want to …
Full Sail IP Partners has announced the acquisition of juice and smoothie brand Odwalla from Coca-Cola for an undisclosed sum, according to a Reuters report Founded in 1980, Odwalla is a producer of plant-based fruit juices, smoothies, and energy bars. According to sources, Full Sail IP Partners plans to expand the Odwalla brand beyond the drinks category into food and supplements, making products with health benefits. Full Sail IP Partners …
Multinational tobacco firm Altria Group has announced that its subsidiary, UST LLC, has entered into a definitive agreement to sell its Ste. Michelle Wine Estates to Sycamore Partners Management private equity firm for a price of approximately $1.2 billion. Ste. Michelle Wine Estates is the largest winery in the Pacific Northwest and among the largest premium wineries in the United States, farming more than 30,000 acres and distributing its wines …
Emmi Roth, a subsidiary of Switzerland-based Emmi Group, has announced the acquisition of Athenos, a Mediterranean-style food brand, from Lactalis Group. Athenos, known as a leading feta cheese brand in the US, will complement Emmi Roth’s offering, strengthen its position in the US cheese business, and create additional export opportunities for Swiss cheeses the company said. “This is an exciting day for Emmi Roth”, said Tim Omer, president and managing …
Saputo, the Canadian dairy giant, has announced the acquisition of the Carolina Aseptic and Carolina Dairy businesses from AmeriQual Group for $118 million in a bid to strengthen its presence in the US market. The two new acquisitions will help Saputo to quickly tap into growing demand for aseptic protein beverages and nutritional snacks, the company said. Located in North Carolina, Carolina Aseptic develops, manufactures, packages, and distributes aseptic shelf-stable food …
B&G Foods, a manufacturer of branded shelf stable and frozen products, has announced the sale of its Portland facility to the Institute for Digital Engineering and Life Sciences. The move to sell the 13.5-acre waterfront property is part of B&G Foods’ plans to improve productivity and reduce overall costs, the company said. “The Portland community has been the home to B&M for more than a century, and while this was …
Tyson Foods, one of the world’s largest meat firms, has announced an investment of $300 million to construct a new plant in Virginia. According to a company statement, the project is part of Tyson Foods’ commitment to meet increasing demand and deliver on its strategy of accelerating long-term growth. The 325,000 sq ft facility, which is expected to be up and running by spring of 2023, will create around 400 new jobs and will produce …
Canada-based Indian snack food manufacturer Surati Sweet Mart has established its first manufacturing and distributing site for specialty snacks and baked foods in the US. Surati has announced it is spending $16 million on the new 240,000-square-foot facility and expects to generate over 100 new jobs. “Our location in Springfield would be our first manufacturing investment in the United States and will allow us to serve our North American growth”, …
Planterra Foods, a JBS subsidiary specialising in plant-based foods, has announced the opening of a new R&D innovation centre in Lafayette, Colorado. The new facility will allow Planterra Foods to continue developing new plant-based ingredients and high-quality product innovations, the company said. Commenting on the move, Planterra Foods CEO Darcey Macken said: “I am proud of the team we’ve built at Planterra Foods and look forward to a future of …
US drinks business First Bev has announced it has acquired a controlling stake in the California-based kombucha firm Health-Ade. Founded in 2012, Health-Ade markets itself as a producer of “feel-good, bubbly beverages” with gut-health benefits, such as kombucha, prebiotic sodas and cocktail mixers, and has annual retail sales of over $200 million. “I couldn’t be more excited for Health-Ade to have someone with Jack’s experience and credentials step into the …
Coca-Cola, the soft drinks multinational, has announced plans to shut down operations in facilities located in American Canyon (CA) and Northampton (MA), according to a FoodDive report. The operation will reportedly affect around 500 staff and is set to be achieved in 2023. The decision is said to follow a restructure which has seen Coca-Cola stop the production of a number of its brands since 2020. A Coca-Cola spokesperson said …
US-based Mizkan America (MA), a sauces and seasonings business, has announced the acquisition of Born Simple, an American organic barbecue sauce and broth brand. According to MA, the acquisition will allow it to expand into the natural foods channel and reach a new generation more attached to authentic and simple products. MA President and chief operating officer Diego Palmieri said: “Born Simple is an exciting addition to the Mizkan family …
Zoglo’s Incredible Food (Zoglo’s), a Canadian plant-based food company has announced it has acquired 50.5% interest in British Monday Swiss. Monday Swiss was founded in 2012 and manufactures a range of plant-based food products, including the Veggie Day and Monday Swiss lines. The experience in product development of Monday Swiss will allow Zoglo’s to expand and develop a new generation of plant-based foods. CEO of Zoglo’s, Anthony Morello said: “The …
Flagship Food Group has acquired a majority stake in Tortilla King, the US tortilla and tortilla chips producer. Flagship, majority owned by Creo Capital Partners, sells a wide range of food products and services under the 505 Southwestern, La Tortilla Factory, Lilly B’s, Hatch Kitchen, TJ Farms, and other brands. Tortilla King is known for its premium tortillas and tortilla chips under Mama Lupe’s brand, being also a manufacturing partner …
Nestle has announced an investment of $70 million in its Burlington factory to start manufacturing Nestle Toll House refrigerated cookie dough. According to sources, the plant used to produce candy bars such as 100 Grand, Nestle Crunch, and Buncha Crunch. Nestle sold its confectionery business to Ferrero in April 2018, but the Burlington factory was not part of the sale, and its ice cream, baking, and beverage lines were also …
Canadian plant-based company Above Food has announced the acquisition of two plant-based brands Only Oats and Culcherd. Only Oats is a premium certified gluten-free whole oat company sourcing, developing, manufacturing, and marketing oat-based ingredients and oat-based consumer products, while Clucherd is a 100% certified organic, vegan dairy alternative company. The acquisition, according to the company’s press release, has been done to meet the increasing demand of consumers for oat-based products …
Japanese-American world leader in premium spirits firm Beam Suntory has announced that it has formed a long-term strategic partnership with The Boston Beer Company. According to Beam Suntory’s statement, the goal of the partnership is to expand iconic brands across fastest growing alcoholic beverages segments. The companies plan to initially launch Sauza tequila in the ready-to-drink beverages format and to introduce Truly Hard Seltzer into bottled spirits. Dave Burwick, CEO …
Multinational tobacco firm Altria Group Inc has announced that its subsidiary, UST LLC, has entered an agreement to sell the Ste Michelle Wine Estates business to Sycamore Partners Management, LP., a private equity firm specializing in consumer, retail, and distribution investments. According to sources, the sale will enable Altria to focus on their vision of transitioning adult smokes to a ‘non-combustible future’. Billy Gifford, Altria’s chief executive officer said: “Ste. …
Mutandis, a Morocco based “brand accelerator” for the consumer goods industry, is set to acquire Season, described as the US brand leader in premium canned sardines, from current owner RAB Food. Founded in 1921, Season brand tuna is sourced from a range of producers, but especially from firms based in Morocco. As well as sardines, the Season brand range includes kippers, anchovies, mackerel, and a caviar alternative. In 2020, net …
Once Upon a Farm, a US children’s nutrition business, has announced the acquisition of Raised Real, an organic, plant-rich baby food meal delivery company for an undisclosed sum. The deal will expand Once Upon a Farm’s growing organic, refrigerated pouch portfolio to include frozen meal options and will also reintroduce the line of organic meals later this year. “We’ve watched and admired Raised Real’s approach and products for over 3 …
Danone, the food and beverage multinational, has announced the sale of its plant-based nutritional products brand Vega to WM Partners, a private equity firm. Vega’s products are available throughout Canada and USA and its portfolio includes plant-based sport and nutrition items such as protein powders, bars, supplements, and snacks. According to Danone, the deal is part of the company’s ongoing optimisation of capital allocation and of the strategic review of …
US firm Brand Holdings LLC, has announced that it has acquired a plant-based protein powder brand, Healthy Skoop, from Seurat Investment Group. Based in Colorado, Healthy Skoop’s mission is to make plant-based products that are simple and tasty so that it’s easier for people to live a healthy lifestyle every day. Jeffrey R. Hennion, chairman & CEO of Brand Holdings said: “As the world begins to open back up and …
US pork firm Wholestone Farms has announced plans to build a new hog slaughtering and processing facility in Sioux Falls, SD at a cost of around $500 million. The project includes setting up a $45 million wastewater treatment system, including covered lagoons, designed to capture biogas and reduce overall carbon emissions, while managing air quality and minimizing odour. Founded in 2016, Wholestone Farms is owned by 200 farmers based in …
GenTech Holdings, emerging leader in the high-end premium coffee and functional foods has announced the acquisition of protein bar brand NxtBar. According to sources, the company has signed a letter of intent to purchase NxtBar. NxtBar produces a range of protein bars that are claimed to be keto-friendly, low in carbohydrates, low in sugar, paleo friendly and gluten free. GenTech Holdings plans to increase the bars’ sales footprint. Leonard Armenta, …
US wine firm E&J Gallo has announced plans to build a new $423 million production facility and distribution centre site in Chester County, SC, to support future business growth. The new plant will provide bottling and canning capacity, as well as warehousing and distribution, for the company’s portfolio of wine and spirit brands. Construction is set to begin immediately and is expected to create 496 new jobs over the next …
Flowers Foods, a producer of baked foods known for brands such as Nature’s Own, Dave’s Killer Bread, Wonder, and Canyon Bakehouse, has announced it has acquired the assets of Koffee Kup Bakery (KKB) from the court-appointed receiver for an undisclosed sum. Based in Vermont, KKB produces a range of baked goods, including bread, doughnuts and English muffins, serving customers in the Northeast and Mid-Atlantic regions, but fell into financial difficulties …
US-based Hispanic foods manufacturer Cacique has announced that the company is building an $88 million dairy processing facility in Amarillo, Texas, USA. According to sources, the construction of the new 200,000 sq. ft facility has already started and the decision to build the new plant was driven by the need to meet the growing demand for their market-leading products, such as Mexican style cheeses, cremas, and yoghurts. The ‘state-of-the-art manufacturing …
US food giant General Mills has announced that the company is restructuring and plans to cut up to 1400 jobs worldwide. According to sources, the company plans to cut from 700 to 800 jobs in the US and Canada and 500 to 600 jobs internationally. In May, General Mills filed a Form 8-K to announce the restructuring process aimed to align its organisational structure and resources with its strategic actions. …
Frito-Lay, a division of PepsiCo and leading snack manufacturer has announced it is to invest $200 million on its Rosenberg, Texas, site. The investment will be used to create two manufacturing lines for snack brand Funyuns and tortilla chips, as well as increase the capacity in its warehouse. Expected to be complete by 2023, the expansion will create 160 new full-time jobs. “The Rosenberg site has the largest footprint of any Frito-Lay facility …
North American leading manufacturer and distributor of private label packaged foods and beverages TreeHouse Foods, has simultaneously signed a definitive agreement and completed the sale of its ready-to-eat cereal business to Post Holdings for $85 million. The acquisition includes two manufacturing facilities located in Lancaster, Ohio and Sparks, Nevada and a research and development facility in Sauget, Illinois. “This transaction is another important step in our strategic journey to create …
Canadian dairy company Saputo has strengthened its presence in the non-dairy cheese and value-added ingredients sector with two acquisitions for CAD187 million ($72.6 million approx). The acquisitions follow the company’s strategy to expand and accelerate its presence in the dairy alternative sector. The companies acquired by Saputo are the Scottish manufacturer, marketer, and distributor of vegan cheese Bute Island Foods, and the US-based company Reedsburg, a producer of value-added ingredients …
Hershey, the US confectionery, and snacks firm has entered into an agreement to acquire Lily’s, the high-growth, better-for-you (BFY) confectionery brand. Lily’s is a manufacturer of low-sugar products such as dark and milk chocolate bars, baking chips, peanut butter cups, and other confectionery products. According to sources, Lily’s fits Hershey’s multi-pronged better-for-you snacking strategy, being a key brand in Hershey’s portfolio and allowing Hershey to accelerate the growth of the …
Japanese-American world leader in premium spirits firm Beam Suntory and Scotland-based ultra-premium spirits company Edrington have closed an agreement for an equity swap, ending their joint venture. According to Beam Suntory’s press release, Beam Suntory will assume Edrington’s stake in Maxxium Spain, and Edrington will assume Beam Suntory’s stake in Edrington-Beam Suntory UK, via an equity swap. Both companies owned a 50 per cent stake in each business since 2009. …
US food giant General Mills has announced that it has reached an agreement to acquire Tyson Foods’ pet treats business. According to General Mills’ press release, the move is part of the company’s strategy to reshape its portfolio for growth by adding an ‘attractive’ business to the fast-growing pet platform. Bethany Quam, General Mills group president, pet segment said: “Pet food is a high-growth category, fueled by the humanization of …
Above food has announced the acquisition of Farmer Direct Farmer Organic Foods (FDO), a 100% certified organic specialty legume proteins and grains business. FDO was founded in 2018 to provide organic, traceable, single-origin, family-farmed legumes, and kitchen staples for plant-based eating, by the second year the company grew to have its products in over 2,000 stores in North America. The acquisition will allow Above Food to accelerate product strategy and …
Ready-to-drink cocktail company Canteen Spirits has signed a distribution agreement with American leading brewer Anheuser-Busch and investment from the company’s investment and innovation group, ZX Ventures. Founded in 2019, Canteen Spirits is a manufacturer of no sugar, low carbs, and low ABVs drink brands such as Canteen, vodka-based cocktails, and Cantina, a tequila-based drinks. Fabricio Zonzini, president of beyond beer at AB InBev said: “Consumers sit at the centre of …
US manufacturer of branded salty snacks, Utz Brands, has entered into an agreement with Great Lakes Festida Holdings to acquire all assets related to the operation of Festida Foods for $41 million. Festida Foods is a manufacturer of tortilla chips, corn chips, and pellet snacks for branded companies in the US, being the manufacturer of tortilla chips for Utz’s brand On The Border. The acquisition will allow Utz brands to …
US based specialised growth venture fund Stage has announced the acquisition of Haystack Mountain Creamery, a cheese maker from Longmont, Colorado, USA. According to the venture fund’s press release, Haystack specialises in goat and cow milk cheeses, and the company has won a total of 80 awards including Best American Cheese Award in 2017 and 2018 from the Guild of Fine Foods. Chuck Hellmer, president of Haystack Mountain Creamery, said: …
House Foods America, a subsidiary of Japan-based House Foods Group, has announced the investment of $146.3 million in a new tofu facility in Kentucky, USA. The construction of the 350.000 square foot facility is expected to begin next year and be finished by 2025. The new facility will manufacture tofu using US-grown, non-GMO soybeans and other food products, creating 109 new jobs. “It is an honor to join the Commonwealth …
Laird Superfood, a maker of plant-based packaged beverage products, has entered into an agreement to acquire Picky Bars for $12 million in cash and stock. Founded in 2010 by professional athletes, Picky Bars is a manufacturer of wholesome snacks and breakfast products such as nutrition bars, oatmeal, granola, pancakes, and nut butter. Picky Bars CEO Jesse Thomas said that the acquisition will “accelerate our already strong growth by expanding our …
Green Hygienics Holdings Inc, a company that focuses on the high standard cultivation and processing of industrial hemp and manufacturing of pharmaceutical grade-bioactive cannabinoids, has announced the letter of intent (LOI) to acquire the Bohemian Beverage Co. Bohemian Beverage Co. has a portfolio of twenty beverage brands, including CBD-infused teas, kombuchas, beers, ciders, ready-to-drink cocktails, and more, which are directly distributed and sold through the firm’s own subsidiary storefront. Ron …
Unilever, the Anglo-Dutch consumer goods giant, has announced that the company has reached an agreement to acquire Onnit, a holistic wellness and lifestyle firm based in Austin, Texas. According to Unilever’s press release, Onnit’s supplements are the foundation of the brand’s portfolio, and its products are made with high-quality ingredients to provide benefits such as improved cognitive function, mood, relaxation, gut health, and immunity support. Onnit also offers functional nutrition, …
Multinational food and drinks giant, Nestle has announced that it is in discussions to buy all or part of The Bountiful Company. The Bountiful Company is a manufacturer, marketer, and seller of vitamins, minerals, and other specialty supplements and active nutrition products. Majority-owned by private equity firm KKR Co & Inc, The Bountiful Company’s portfolio includes brands such as Nature’s Bounty, Solgar, Pure Protein, Osteo Bi-Flex, Puritan’s Pride, Sundown, Body …
Tyson Foods, one of the world’s largest meat firms, announced the investment of $48 million in the expansion of a poultry facility in Arkansas. According to company’s press release, the investment will add extra capacity to the plant’s fully cooked processing lines and will add automated processes to product packing lines. The Pine Bluff facility and related operations were built by Tyson Foods in 1991, produce fully cooked chicken products …
SunOpta has announced the acquisition of plant-based beverages brands Dream and WestSoy from Haim Celestial for $33 million. The acquisition will allow SunOpta, a leading manufacturer of organic, natural, and non-GMO plant-based and fruit-based food and beverage products, to accelerate growth in the dairy alternative sector. “This transaction is very consistent with our previously stated objective of pursuing strong organic and inorganic growth in our plant-based business,” said Joe Ennen, …
Leading North America alcoholic drinks firm Diageo has announced the acquisition of Loyal 9 Cocktails, a spirits-based ready to drink brand from Sons of Liberty Spirits Company. According to Diageo’s statement, Loyal 9 is ‘rapidly growing’, producing vodka-based drinks featuring indulgent flavours with high-quality ingredients and 100% real fruit. Debra Crew, president of Diageo North America, said: “Loyal 9 hits an RTD ‘sweet spot’, merging American consumers’ growing appreciation for …
Hemp-infused beverage company, Good Hemp, has closed the acquisition of Diamond Creek Group a manufacturer of ionised high alkaline natural spring water. According to sources, the acquisition of Diamon Creek is part of the distribution expansion plans of Good Hemp. The growing demand of functional water is expected to reach $18.24 billion by 2025. Ken Morgan, founder of Diamond Creek, said: “I am very excited about the closing of the …
North American company, Riviana Foods, has announced an investment of $15 million in the expansion and improvement of its Memphis rice facility. The investment will be used to renovate and update the existing processing lines, controls, and rice transfer system. The improvements will increase reliability, volume output, productivity, and efficiency, according to sources. “This is an exciting time for Riviana and our employees as we continue to improve our operations …
American international food corporation, Tyson foods has invested $425 million in a new poultry complex in Tennessee. Located in Gibson County, the 370,000 square foot facility includes a processing plant, feed mill, and hatchery, and it will produce pre-packaged trays of fresh chicken for retail grocery stores. The facility is expected to employ more than 1,500 employees by 2023. Donnie King, chief operating officer and group president at Tyson Foods …
Private equity firm Brynwood Partners VIII L.P. has announced the acquisition of De Wafelbakkers from The Oklahoma Publishing Company, a subsidiary of the Anschutz Corporation. De Wafelbakkers is a manufacturer of branded and private label frozen pancakes, waffles, and French toast that employs around 650 people and has two manufacturing facilities. Henk Hartong III, chairman, and CEO of Brynwood Partners said: “Brynwood already has a presence in the breakfast category …
Paris-based Ardian-backed firm Cerelia has announced the acquisition of US Waffle and that the company has received a strategic equity investment from Continental Grain Company. Cerelia is a leading manufacturer of fresh, ready-to-bake dough for pie and pizza and ready to heat pancakes, crepes, and cookies, whilst US Waffle specialises in premium pancakes and waffles. The acquisition comes after the company acquired Wewalka’s North American pizza dough business, both purchases …
CapVest Partners has entered into an agreement with Sofina Foods to sell Eight Fifty Food Group, a producer of seafood and pork in Ireland and the United Kingdom, for an undisclosed amount. The privately owned Canadian company Sofina Foods operates in 21 different sites and is one of Canada’s largest producer of pork, beef, turkey, and chicken products. With the acquisition of seafood and pork supplier Eight Fifty Group, Sofina …
8th Avenue Foods & Provisions, an affiliate of Post Holdings, has entered into an agreement to acquire Ronzoni dry pasta from Riviana Foods, a subsidiary of Ebro Foods for $95 million. The divestment comes after Riviana Foods sold a majority stake in its USA branded pasta portfolio to TreeHouse Foods and Ebro Foods sold Catelli dry pasta to Barilla in Canada. Scott McNair, CEO of 8th Avenue said, “We are …
General Mills, the US food giant, has announced a deal to sell its 51% controlling interest in European Yoplait S.A.S. to French dairy cooperative Sodiaal. The ‘memorandum of understanding’ set between both firms includes a reduced royalty rate for use of the Yoplait and Liberte brands in the United States and Canada, as well as full ownership of the Canadian Yoplait business – making the Yoplait Canada yoghurt business a …
Leading North America alcoholic drinks firm Diageo has announced plans to expand its manufacturing footprint and install two high-speed can lines at a new facility in Plainfield, Illinois. The expansion project will need an investment of nearly $80 million, which will increase Diageo’s capacity to over 25 million cases of RTDs per year, including a 500 cans per minute line and a 1200 CPM line. The company says these plans …
The latest innovation insight from Gama Compass MANCHESTER – 18th March 2021: This month’s Innovation Insight focuses on a new functional beverage promising to deliver “truly effective hydration” by combining the natural properties of milk with the benefits of the latest technology – GoodSport Sport Drink. Newly introduced by GoodSport Nutrition in the US, GoodSport Sport Drink repositions milk as a drink for athletes, using the latest in filtration techniques to …
Multinational food and drinks giant, Nestle has announced the acquisition of Essentia Water, a premium functional water brand based in Washington. Worthing $192 million in sales the past year, Essentia produces ionized alkaline water, being the leading brand in that space in the United States. Now it will be part of Nestle USA Premium Waters portfolio together with Perrier, San Pellegrino, and Acqua Panna. In a statement, Nestle acknowledged that …
Danone, the food and beverage multinational, has announced a partnership with plant-based foods producer Earth Island to acquire 100% of its shares as well as the Follow Your Heart Brand. The Follow Your Heart product portfolio includes dairy-free cheeses and yoghurt, egg-free mayonnaise, cream cheese alternatives, and salad dressings. Danone said the deal would expand its plant-based offerings, adding Follow Your Heart to existing plant-based brands such as Alpro, Silk, and So Delicious …
Darco Capital, via the newly-formed 1776 Spirits Company, has announced it has acquired the spirit brands American Harvest Vodka and Beach Whiskey. The new company said it intended to provide the infrastructure and resources to market the brands, distribute and expand distribution, and develop innovative products. Rebecca Running, CEO of 1776 Spiritsm said: “American Harvest Vodka is poised to appeal to today’s market of thoughtful, value-driven individuals. I see this fully …
Dole Food Company, a North American manufacturer, marketer, and distributor of fruit and snacks, and Irish Total Produce, a fresh produce firm, have entered into a binding transaction agreement to combine under common ownership. The transaction aims to simplify the existing structure between the two companies by enabling operational integration and allowing synergies across the enlarged business, thus creating a new world giant specialised in the commercialisation of fresh products. …
Global branded food company Hormel Foods has announced the acquisition of the Planters brand from Kraft Heinz for $3.35 billion. The acquisition includes the Planters, NUT-rition, Planters Cheez Balls and Corn Nuts brands, and three production sites. In 2020, Planters snack portfolio net sales were approximately $1 billion, and are expected to grow at Hormel’s long-term organic growth target. “Our competencies in brand stewardship, revenue growth management, e-commerce, innovation and …
Natural food company Chickapea has announced the launch of +Greens, described as a new “veggioe packed” organic pasta line with 24g of plant-based protein per serving. According to the company, +Greens is an organic, gluten free pasta made with chickpeas, lentils, kale, and spinach, available in the varieties penne, spaghetti and spirals. Each serving is said to provide more than two servings of vegetables, 11 grams of fibre, 24 grams …
Flagship Food Group, a food company majority-owned by CREO Capital Partners which manufactures, sells, and distributes a wide portfolio of brands, has invested in Mexican food firm La Tortilla Factory, becoming the majority stakeholder of the company. The investment is intended to support La Tortilla Factory’s future growth strategy. La Tortilla Factory is a family-owned manufacturer and distributor of Mexican food products such as corn, flour, tortillas, sauces, and snacks, employing …
Swiss-based food company Hero has announced the acquisition of Canadian organic baby food firm Baby Gourmet. According to a company press release, the purchase is part of a strategy to increase the company’s baby food category footprint. “We are extremely pleased to have positively concluded the acquisition of Baby Gourmet and to have found a strategic partnership model with the founders to continue their entrepreneurial success story”, said Rob Versloot, CEO …
Global soft drinks company Coca-Cola Company has sold the Zico coconut water brand back to its original owner, through the equity firm PowerPlant Ventures, after eight years. Mark Rampolla, creator of the Zico brand and co-founder of PowerPlant Ventures, said: “I respect the decision of Coca-Cola to focus on other elements of their beverage business. I still have a lot of love for ZICO, and I know consumers do too. …
Maple Leaf Foods has announced that its subsidiary Greenleaf Foods, a leader in plant protein products, has acquired a food processing plant in Indianapolis, USA, in order to increase production capacity for tempeh. According to Maple Leaf Foods, growing demand for Greenleaf Foods’ Lightlife tempeh products was the driving force behind the acquisition of the 118,000 sq ft plant, which will have an initial capacity of approximately 4,500 tonnes. The new facility is …
Savoury snacks US firm Utz Brands has announced that its subsidiary Utz Quality Foods has reached an agreement to acquire the Vitner’s snacks brand and distribution assets from Snak-King Corp for $25 million. The sale includes intellectual property such as the brand trademark and direct-store-delivery (DSD) distribution assets related to the brand’s products. “This transaction is a continuation of our strategy to successfully build long-term value and share by expanding in …
Ice cream maker Ben & Jerry’s, a subsidiary of FMCG multinational Unilever, has entered into the pet food market with Doggie Desserts, a new line of frozen dog treats. The range is said to use the same ingredients a the company’s regular non-dairy desserts such as pea protein, coconut oil, and wheat flour, with a base of sunflower butter. “We know our fans love their dogs and treat them like …
US-based manufacturer of branded and private label biscuits Jimmy’s Cookies has entered into an agreement to acquire artisan bread brand Ecce Panis from Campbell Soup. The acquisition includes Ecce Panis’ bakery facility, which will double Jimmy’s Cookies’ manufacturing capacity for its gourmet biscuit business. “The addition of the Ecce Panis brand is consistent with our strategy to drive growth through expanding and diversifying our product line”, said Howard Hirsch, CEO, …
Snack and confectionery multinational Mondelez has announced the acquisition of Hu Master Holding, a US-based snack company. In 2019, Mondelez made a minority investment in Hu through its SnackFutures division. Hu is a family business founded in 2012 that has become a category leader in premium chocolate bars with a portfolio of products that includes snacking and baking chocolates, chocolate-covered nuts and berries, and grain-free crackers. “Hu is a strong strategic …
Global institutional investor Caisse de Depot et Placement du Quebec (CDPQ) has invested $200 million in the US beverage producer Zevia. Zevia is headquartered in Los Angeles and produces zero-calorie, stevia-sweetened soft drinks, organic teas, and mixers that are distributed in the US and Canada. Zevia CEO Paddy Spence commented: “Zevia is focused on making the world a better place through sustainable, affordable products that taste great and feature simple, …
Lactalis Canada, a subsidiary of French dairy giant Lactalis, has announced the acquisition of yoghurt and fresh dairy firm Ultima Foods from Agropur Group. According to the company, the transaction includes all shares in Ultima Foods, and the Iogo, Iogo Nano, and Olympic brands as well as yoghurt production facilities in several locations. With the acquisition, Lactalis Canada will add 450 employees to its workforce of 3,500 employees operating in …
Plant-based food firm Whole Earth Brands has entered into an agreement to acquire Wholesome Sweeteners for an initial price of $180 million. Founded in 2001, Wholesome Sweeteners produces plant-based and fair-trade certified sweeteners, including sugar, honey, agave nectar, allulose, and other liquids and sweetener products, holding a 76% share in the organic granulated sugar segment of the organic and natural channel. “Sweets are a joyful experience in cultures around the …
Investment firm Norwest Equity Partners has acquired Red Monkey Foods from San Francisco Equity Partners. Red Monkey Foods is a manufacturer of organic, private label spices and seasonings, as well as the branded salts San Francisco Salt Company and Epsoak, and operates three facilities. Commenting on the deal, NEP Partner Sundip Murthy said: “Red Monkey continues to deliver strong sales growth and provides a compelling value proposition to customers and …
US pretzels and extruded snacks company Pretzels Inc has announced the construction of a “state-of-the-art” production facility in Kansas. The new 150,000 sq ft facility, which is expected to be operational in late 2021, is intended to increase the production of flavoured and stuffed pretzels for private label and national brands and create a significant number of new jobs. “We are very excited to expand our production footprint and to continue serving …
US agricultural cooperative Ocean Spray has announced a partnership with ingredients firm Amai Proteins to develop protein-sweetened reduced sugar cranberry juice. Founded in 1930, Ocean Spray is an agricultural cooperative owned by more than 700 cranberry farmers in the United States, Canada, and Chile. “We will continue to develop options that showcase the incredible health benefits of the cranberry while highlighting our commitment to health and wellness”, said Katy Latimer, VP …
Online grocery platform Instacart has announced a partnership with supermarket retailer Meijer to deliver groceries to customers across the US. Founded in 1934, Meijer is a family-owned chain with stores throughout the Midwest. In 1962, Meijer was the first retailer to launch the “supermarket” or “superstore” in the US. Nilam Ganenthiran, president of Instacart said: “Instacart’s mission is to give customers access to the food they love and more time …
US food and beverages manufacturer JM Smucker has entered into an agreement to sell its pet food business Natural Balance to Nexus Capital Management for $50 million. The transaction is said to be part of the company’s plan to focus on its core pet care portfolio, which includes brands such as Rachael Ray Nutrish, Milk-Bone, and Meow Mix, which have significant long-term growth potential, according to the company. Mark Smucker, president, …
Minnesota, US based beverages firm Prestige Beverage Group has acquired the Windsor Canadian Whisky brand from global drinks group Beam Suntory. According to sources, Windsor Canadian Whisky, claimed to be one of the best-selling Canadian whiskies in the US, will continue to be produced at Beam Suntory’s Alberta Distillers site in western Canada. Scott Schilling, general manager and CMO of Prestige Beverage Group, said: “Windsor is a historic and beloved …
Snacks firm Kind has entered into an agreement to acquire snacking company Nature’s Bakery. Terms of the deal were not disclosed. According to a company press release, the deal will accelerate Kind’s vision to build the foremost health & wellness platform as a separate business within Mars. Founded in 2011, Nature’s Bakery is a family-owned company created on a promise to “always deliver better-for-you snacks that taste as good as they …
Unilever, the multinational consumer goods giant, has entered into an agreement to acquire US-based vitamin, mineral, and supplement company SmartyPants Vitamins. Founded in 2011, SmartyPants Vitamins offers a range of supplements free from synthetic colour, artificial flavours, sweetener, and preservatives to support the wellbeing needs of children and adults, Unilever said. In particular, the company focuses on nutrients it says can be hard to get consistently from food, such as Omega …
McCormick, the US spice and seasoning firm, has entered into an agreement to acquire Cholula Hot Sauce from L Catterton for $800 million in cash. Cholula Hot Sauce is described as a premium hot sauce brand in six varieties of spicy Mexican flavours. It is claimed to be made using high-quality ingredients based on a 100-year old recipe comprising a blend of fresh peppers and regional spices. According to McCormick, the …
Ocean Spray, a US-based agricultural cooperative, has unveiled the B1U brand, described as “a line of functional beverages to support a holistic and inclusive health and wellness routine”. According to a company press release, B1U features on-trend functional benefits, simple ingredients, easy to understand nutrition and recyclable packaging. The new brand aims to “demystify nutrition so that consumers are able to make educated decisions and ultimately ‘own the one you’ “. Free …
Confectionery wholesaler B.A.Sweetie Candy Company has acquired Campbell’s Sweets Factory, a popcorn and sweets maker, according to a FoodBev report. According to sources, the Ohio- based wholesaler bought all the assets of Campbell’s Sweets Factory, which include the popcorn kitchen, bakery, and retail locations. The firm’s co-owners will become the managers of the new Sweeties Campbell’s Popcorn Company. Tom Scheiman, president of B.A.Sweetie Candy Company, said: “We’re proud to add the …
Global food manufacturer Kerry Group has entered into an agreement to acquire Bio-K Plus International, a Canada-based firm that develops, manufactures, and distributes “clinically supported” probiotic fermented beverages and supplements in the North American market. Kerry Group said the acquisition would expand its portfolio of products orientated to the growing proportion of consumers demanding functional foods, beverages, and supplements made with clinically supported functional ingredients. Neil Cracknell, President Kerry Applied Health & Nutrition, said: …
Snack producer Benestar Brands has acquired Miller Baking Company, the manufacturer of Pretzilla branded soft pretzel bites and buns, according to a report in Nutrition Investor. With the acquisition, Benestar Brands, a portfolio company of US-based private investment firm Highlander Partners, aims to continue growth by both driving new snack innovations and accelerating existing products. President and CEO of Highlander Partners Jeff L Hull commented: “We are seeking exciting, innovative …
US-based food manufacturer The Fillo Factory has acquired GeeFree Foods, a manufacturer of gluten-free frozen products, for an undisclosed sum. Founded in 2013, GeeFree Foods is known for its gluten-free pastry sheets. In 2017, GeeFree partnered with Procida Funding to expand distribution to over 5,000 retail stores across the US. The Fillo Factory produces and distributes appetizers, snacks, small-bites entrees, and desserts and is described as having over 30 years’ experience in …
Private equity firm TPG Growth has acquired a majority stake in SmartSweets, a Canadian sweets brand, for an undisclosed sum. SmartSweets manufactures a range of ‘better-for-you’ alternatives to traditional confectionery made with plant-based fibre. The sweets are said to contain between 87 and 92% less sugar than traditional sweets, as well as being free from artificial sweeteners, added sugar, and sugar alcohols. According to sources, SmartSweets doubled its sales last …
US food firm JM Smucker has announced that it has reached an agreement to sell the Crisco oils and shortening business to B&G Foods. According to a company press release, the move is part of JM Smucker’s intent to exit the US baking category to focus on pet food, coffee, and snacking products. The sale includes Crisco’s oils and shortening products, the brand, certain trademarks, and licensing agreements, manufacturing and …
Bacardi has announced plans to launch a 100% biodegradable spirits bottle to replace its existing packaging made from petroleum-based plastics. The new “eco-friendly spirit bottle” is designed to replace the 80 million plastic bottles – equivalent to 3,000 tons of plastic – currently produced by the company each year. According to Bacardi, the new bottle will be made possible through a partnership with Danimer Scientific, a leading developer and manufacturer of biodegradable …
Banza, a US producer of chickpea-based products such as pasta and rice, has entered a new category with the introduction of a new range of frozen pizzas featuring chickpea crusts. According to sources, the new line includes three varieties – Four Cheese, Roasted Veggie and Margherita – as well as a two-pack with a plain crust option. All variants are claimed to be made with minimal, “high quality” ingredients. Banza CEO …
Swiss dairy firm Emmi has announced the acquisition of the US dessert business Indulge Desserts from AUA Private Equity for an undisclosed sum. Emmi has agreed to purchase an 87.7% stake in the company as part of its strategy to strengthen its dessert business in the US. Founded in 1993, Indulge Desserts is a manufacturer of American and international dessert specialties, which it manufactures in four facilities. Its portfolio includes …
US food and beverage company PepsiCo has announced the launch of Driftwell, a new relaxation drink that contains l-theanine. According to Beverage Daily, the “enhanced water beverage” went from concept to execution in under a year, and was part of the firm’s internal program “The Next Big Idea”, which uses an online platform for employees to team up and develop new innovations. The non-carbonated drink, designed to help consumers to …
Kraft Heinz, the leading US food and drink firm, has entered into an agreement to sell its natural, grated, cultured, and specialty cheese businesses to a US affiliate of French dairy giant Lactalis for $3.2 billion. The transaction, which is expected to be finished in the first half of 2021, includes Kraft Heinz’s natural, grated, cultured, and specialty cheese businesses in the US, grated cheese business in Canada, and the …
US retail giant Walmart has announced that it has begun testing the delivery of grocery and household products from its stores using automated drones. Launched in Fayetteville, North Carolina, this test is being carried out in partnership with Flytrex, an end-to-end drone delivery company. The drones are controlled over the cloud using a smart and easy control dashboard, the company said The experiment will allow the company to “gain valuable …
Diversified food firm Verus International has announced the acquisition of nut butter company Eliot’s for an undisclosed sum. Founded in 2013 in Portland, Oregon, Eliot’s is described a an award-winning small-batch, flavoured nut butter producer. According to sources, the acquisition will allows Verus International to “gain an established product line, new customers, and expertise in online sales” and “provide an entry point into some specialty and healthier food categories to expand …
Unilever, the multinational consumer goods giant, has announced the acquisition of Liquid IV, a California-based drinks concentrate company. Liquid IV is described as a health-science nutrition and wellness company that produces electrolyte drink mixes called Hydration, Energy, and Sleep, distributed across the USA. The company uses cellular transportation technology to quickly deliver water and nutrients to the bloodstream, Unilever said. Brandin Cohen, founder and CEO of Liquid IV, said: “We …
Canada-based cheese and butter producer Fromagerie L’Ancetre has announced the acquisition of Fromagerie Le Baluchon, a local cheese producer, for an undisclosed sum. Based in the Quebec region, Fromagerie Le Baluchon is a producer of organic cheese, said to be most well-known for its fine cheese Baluchon. The acquisition will reportedly allow L’Ancetre to diversify its production and maintain its leadership position in Canada, as well as in the manufacture …
Sporting goods firm United Sports Brands has announced the acquisition of Glukos Energy, a manufacturer of energy supplements. Glukos Energy provides the “ultimate source of natural energy” for athletes, offering a range of high-glucose such as drinks, gels, and chewable tablets, reportedly allowing its consumers to achieve high levels of performance. Michael Magerman, president and CEO of United Sports Brands said: “We believe that Glukos’ commitment to delivering clean, fast and …
Leading US cereal and snacks firm Kellogg has announced plans to invest US$43 million in its MorningStar Farms manufacturing facility in Ohio, USA Founded in 1974, MorningStar Farms is a producer of “better-for-you and better-for-the-planet” plant-based foods such as burgers, nuggets, and hot dogs. Last year, the company launched an imitation meat line called Incogmeato. According to sources, the company will invest $25 million to upgrade equipment, with the remaining …
Diageo, the leading alcoholic drinks firm, has announced the acquisition of gin brand Aviation American Gin, and its owner Davos Brands, for $610 million. The acquisition also add brands such as Astral tequila, Sombra mezcal, and TYKU sake to the Diageo portfolio. The acquisition supports the participation of Diageo in the super premium gin sector in the United States in line with its strategy to acquire high growth brands with attractive margins …
Branded packaged meat company Plumrose, a subsidiary of JBS, has announced plans to invest $200 million to build a state-of-the-art Italian meat and charcuterie facility. Although the location of the new factory is yet to be revealed, it will reportedly be strategically located to efficiently access raw material and leverage synergies with existing corporate assets. Construction of the new facility – the company’s seventh – is described a being in …
US retailer 7-Eleven has announced the acquisition of 3,900 Speedway stores from Marathon Petroleum Corp for $21 billion. Located in 35 states across the US, Speedway is one of the biggest convenience and petrol station retailers in the country, with approximately 40,000 employees. With the acquisition, 7-Eleven will increase its store network to 14,000 across the United States and Canada. Joe DePinto, president and CEO of 7‑Eleven, said: “This acquisition …
Cosmetic giant Edgewell has announced the acquisition of Cremo, a Men’s grooming company for US$235 million. Founded in 2005, Cremo is one the fastest growing men’s grooming brands in the U.S., offering a full range of care products for the beard, skin, hair, and body. The transaction is part of the Edgewell strategy to acquire selective fast-growing and profitable brands such as Schick and Wilkinson Sword to increase its presence …
Snack food manufacturer TruFood has announced the acquisition of Simply Natural Foods for an undisclosed sum. With 200 employees, Simply Natural Foods is a producer of nutrition and better-for-you products, such as chocolate, nutritional bars, and peanut butter cups. Pete Tsudis, CEO of TruFood, said: “The combination of TruFood and Simply Natural Foods allows us to leverage the success Simply Natural Foods has established in the better-for-you snacking segment and …
Beverage USA Holdings has announced the acquisition of Nerd, a Texas-based mental acuity beverage company for an undisclosed sum. Founded in 2006, Nerd is a beverage producer focus on concentration, memory and energy drinks, made with nootropics and performance-boosting nutrients such as lpha-GPC, Huperzine-A, GABA, DMAE, and Ginkgo Biloba, to help mental acuity. Howard Davner, President of Beverage USA Holdings, said: “We knew Nerd Focus was truly something special after …
Family-owned wine importer Quintessential has announced the acquisition of US-produced wine portfolio of Accolade Wines for an undisclosed sum. With this deal, Quintessential will acquire the production, global sales, and marketing of four wine brands: Geyser Peak, Atlas Peak, Outlot and, XYZin. According to sources, this sale follows Accolade Wines’ strategy of “focus on building core international brands and markets”. Dennis Kreps, co-owner of Quintessential, said: “It is an honour …
Canadian meat firm Maple Leaf Food has announced the sale of its poultry plant in Drummondville, Quebec to Giannone Poultry. Founded in 1989, Giannone Poultry is a family business specialising in poultry slaughtering and cutting. The company’s products are distributed in Canada and the United States. According to sources, Maple Leaf Food will continue to maintain its fresh chicken supply over the next three years. This acquisition will allow Giannone …
US holding company HumanCo has announced the acquisition of majority stake at Coconut Bliss, a plant-based ice cream producer for an undisclosed sum. Founded in 2005, Coconut Bliss is an Oregon-based company dedicated to manufacturing dairy-free, vegan and organic ice cream pints, bars and sandwiches. According to sources, both companies intend to grow Coconut Bliss into “a globally recognised brand”. Jason H. Karp, founder and CEO of HumanCo, said: “HumanCo …
Frito-Lay, the snacking division of PepsiCo, has announced the investment of $200 million to expand its production facility in Perry, Georgia. With more than 1,000 employees, this production facility is the largest factory of the company operating in the US. According to the sources, the investment will add two production lines to the factory, creating 120 new jobs. A strategic space will be also created, for a future manufacturing line …
Tia Lupita, a Mexican food brand, has announced the launch of an upcycled tortilla, through a partnership with Renewal Mill, expanding its range of grain-free cactus tortillas. Based in California, Renewal Mill is a producer of organic okara flour, a grain-free flour extract from the leftovers of soya milk processing. With 45 calories, 6 grams of net carbs, and 2 grams of fibre per serving, the tortillas will be available …
Hershey, the US confectionery and snacks firm, has announced the investment of $135 million to expand its manufacturing facility in Augusta County, Virginia. With 30 years of operations, the facility currently employees more than 1,000 workers, being the second largest company’s plant in the US. According to sources, with the investment, the company will expand its facility by 90,000 square feet, creating 110 new jobs. Last year, Hershey invested $104 …
Nestle Waters, a subsidiary of multinational giant Nestle, has announced the sale of its Canadian bottled water business Pure Life to Ice River Springs for an undisclosed sum. Ice River Springs is a Canadian family-owned private label bottled water manufacturer and producer of the Ice River Green brand. According to sources, this acquisition “fulfils a strategic ambition of Ice River Springs to expand the company’s offering in Canada beyond private …
Kellogg has announced the launch of Kashi by Kids Super Loops breakfast cereal in the United States. Super Loop cereals are made with superfood ingredients such as lentils, brown rice, berries, and cocoa, containing 140 calories and 4 grams of protein per serving. Available in two flavours, chocolate, and berry, both are certified USDA Organic and Non-GMO Project verified and made with colours from natural sources. According to sources “with …
The eSports company Faze Clan has announced the acquisition of a majority stake in meal replacement CRTL, a start-up for an undisclosed sum. According to CTRL, the company produces a line of powdered meal replacements shakes containing proteins, carbohydrates, fibres, healthy fats, vitamins and minerals, and other elements to boost healthy digestion. Skyler Johnson, co-founder of CTRL, commented: “Faze Clan is the ultimate embodiment of esports as a lifestyle brand, …
Multinational food and drinks giant Nestle, has announced the sale of its pasta brand Buitoni to private equity firm Brynwood Partners for an undisclosed sum. The acquisition includes the rights of the brand to sell in the US, Canada, and Caribbean territories along with a 240,000 square foot processing facility located in Virginia. Henk Hartong III, chairman and CEO of Brynwood Partners, said: “We are thrilled to add the famous …
Turkey Hill, the US-based food and drink company, has announced the acquisition of an ice cream production facility in Arkansas from Yarnell Ice Cream, a subsidiary of Schulze & Burch Biscuit Company. Owned by an affiliate of Peak Rock Capital, Turkey Hill is a manufacturer of branded ice cream and refrigerated drinks in the United States. According to sources, the 100,000 square foot facility will expand the company’s production capacity, …
SCB Global Java, a holding company specialised on investments in the coffee market, has announced the acquisition of White Tale Coffee, for an undisclosed sum. Based in Denver, Colorado, White Tale Coffee is a premium artisanal coffee brand, that supplies its products through an e-commerce subscription platform. This deal is the third investment by SCB Global Java, after the acquisitions of Caribbean Coffee Company and Bona Fide Nitro Coffee & …
Dean Foods, the food and beverages company, has announced the sale of Uncle Matt’s Organic Brand to Harmoni. Founded in 1999 by Matt McLean and sold in 2017 to Dean Foods, the juice brand Uncle Matt’s Organic is now being sold to a company created by its founder as well as a team of investors. “If you told me three years ago after selling to a publicly-traded, multi-billion-dollar CPG leader …
The global beauty company Coty has announced the sale of the majority stake of its Professional Beauty and Retail Hair Businesses for $4.3 billion to global investment firm KKR. Owner of brands such as Clairol, OPI, ghd, and Wella, Coty is one of the biggest beauty companies making cosmetics, skincare, fragrances, and hair colour products worldwide. According to sources, the deal will be crucial to consolidate Coty’s balance sheet and …
US-based condiments manufacturer Sauer Brands has announced the acquisition of Chicago Custom Foods from private investment firm Highlander Partners for an undisclosed sum. Founded two decades ago, Chicago Custom Foods is a producer of branded seasonings whose portfolio includes Kernel Season and Tasty Shake. Jeff Partridge, Chicago Custom Foods chairman and a Highlander managing director said: “Jason and his team have done an exemplary job. The speed of innovation and …
US-based pasta company, Philadelphia Macaron, has announced the acquisition of A. Zerengas’s Sons, for an undisclosed sum. Having opened its first factory in 1848 by Antoine Zerega, A. Zerega’s Sons is a producer of dry pasta for the foodservice channels, industrial ingredient, and retail. With this deal, A. Zerega’s Sons will be wholly owned by Philadelphia Macaroni including the manufacture and distribution facilities in Fair Lawn, New Jersey, and Lee’s …
Sonoma Brands, a California-based private equity investor has announced the acquisition of Krave Pure Foods brand from The Hershey Company for an undisclosed amount. Dedicated to the production of protein snacks, Krave Pure Foods portfolio includes Krave Meat Cuts, Krave Pork Rinds, and most recently, Krave Plant-Based Jerky. According to sources, the company expects to accelerate innovation at the company, through the acquisition. Hector de la Barreda, president at Hershey’s-owned …
Sealaska has announced the acquisition of a minority stake in Barnacle Foods for an undisclosed sum. Based in Juneau, Alaska, Barnacle Foods claims to be the first manufacturer of food products such as salsas, hot sauces, pickles, jams, and jellies from bull kelp and other Alaska-grown, harvested and foraged ingredients. Sealaska President and CEO Anthony Mallott said: “Barnacle fits with who we are. Our shared values make this much more …
Leading household and personal care firm P&G has announced the launch of a plastic-free format for its deodorant brands Old Spice and Secret. According to sources, the paper tube packaging uses 90 percent recycled content and is certified by the FSC. The paperboard tube does not contain wax, plastics, BPA, or PFA and has an interior coating that is made from an FDA-approved fluorochemical and corn-derived starch to make the …
The American-based private equity firm Entrepreneurial Equity Partners (“e2p”) has announced the merge between Kronos Foods, one of its portfolio companies and Grecian Delight Foods for an undisclosed sum. Founded in 1974, Grecian Delight Foods is a manufacturer of Greek and Mediterranean inspired cuisine, producing authentic gyros and specialty meats, pitas and flatbreads, hummus and plant-based proteins, distributed across the US. Mark Burgett, e2p managing partner, said: “This merger will …
German discount retailer Lidl, has announced the opening of the new regional headquarters and distribution centre in Cecil, Maryland with a cost of $100 million. With 700,000 square-foot, the facility will create 200 new full-time jobs and it will supply Lidl stores in 5 states. CEO of Lidl US, Johannes Fieber said, “The facility will allow us to efficiently deliver our award-winning products to thousands of customers from Maryland to …
Grays Peak Capital, a private-equity firm, has announced the acquisition of Nosh Foods, a US-based organic baby food manufacturer for an undisclosed sum. Founded in 2016, Nosh Foods is a Los Angeles based producer of easy-to-eat and organic baby and toddler food. Jason Becker, CEO of Nosh Foods, said: “We expect this transaction to accelerate our expansion of Nosh Foods in North America and our initiatives internationally. Grays Peak will …
Dairy Farmers of America (DFA) has announced that the previously-announced $425 million deal to purchase the Dean Foods business and assets will not go forward.. Dean Foods, the troubled US dairy company, has filed for bankruptcy back in November, after financial difficulties. Subsequently, DFA proposed a deal to acquire 44 facilities and a substantial portion of its inventory, equipment and other assets. DFA executive vice president Monica Massey said: “Dean Foods …
Mondias Natural Products, a Canadian-based company specialised in natural health products, has announced the acquisition of Erablier for an enterprise value of C$1 million ($690,000). Based in Quebec, Canada, Erablier is a producer of organic maple water, obtained from sugar extracted from maple tree sap. According to Mondias Natural Products, the acquisition will expand its portfolio and further deliver on its vision to offer consumers “healthy and nutritious experiences”. Patrick …
Myprotein, UK-based sports nutrition brand, developed a clear plant-based protein shake that will be introduced on the US market, to meet the increased demand for vegan products. According to the manufacturer, the powdered protein shake is sweetened with stevia and monk fruit extracts, being sugar and fat free, and it is available in two flavours: Coconut & Mango and Pear & Ginger. Containing 10 grams of protein per serving, the …
Puration, the US-based CBD infused products company, has announced the acquisition of Kaly’s Hemp4mula CBD Confections business for an undisclosed sum. Focused on the development of a CBD formulation that can treat symptoms associated with chronic obstructive pulmonary disease and other similar respiratory conditions, Kaly is said to have patented a CBD extract that provides anti-inflammatory responses in vitro. Hemp4mula CBD Confections is an operation own by Kaly, dedicated to …
PepsiCo, the US based drinks and snacks giant, has announced the acquisition of Rockstar Energy Beverages for $3.85 billion. Founded in 2001, Rockstar Energy Beveragesproduces beverages that are designed for those who lead active lifestyles, offering over 30 flavours at convenience and grocery stores in more than 30 countries. Through the deal, PepsiCo is aiming to cement its presence in the fast-growing drink energy category, adding Rockstar to its portfolio …
Mondelez International, the snack and confectionery multinational, has announced an agreement to acquire a majority interest in Give & Go, a US-based in-store bakery company. Give & Go, which owns the brands Two-bite and Create-A-Treat, produces fully finished sweet baked goods that are sold across North America. The firm is said to have a leading position in brownies, cupcakes, pastries and muffins, and reported net revenues of $500 million in …
Brothers Desserts, a US company behind brands such as Natural Choice, Absolute Fruit Sorbet and Brothers Ice Cream, has announced the acquisition of Schoep’s Ice Cream, a family owned ice cream company, for an undisclosed sum. Founded in 1928 , Schoep’s Ice Cream started on the back of a Wisconsin grocery store. Today, the company produces over than 12 million gallons of ice cream annually, available across theUnited States. “We …
Kind, the snack firm in which Mars has a minority interest, has announced a major NPD push that will take the company into the chilled and frozen space, as well as expanding its range of ambient snacks. Describing the product roll-out as “its biggest innovation expansion ever”, Kind said all the new items would be made with a “nutrient-dense” food as their primary ingredient. In the frozen section, the company is launching Kind …
Hormel, the leading US food manufacturer, is expanding its manufacturing operations to Nebraska with the opening of a new factory in Omaha, according to a Food Business News report. The building, said to be a former distribution centre for the now defunct Shopko retail chain, is set to undergo $60 million of renovations with a view to opening in November of this year. The new factory will reportedly employ around …
Tyson Foods, the US firm predominantly active in the meat sector, is said to be investing $27 million to increase capacity at a factory in Caseyville, IL, USA that makes processed foods. The investment will see 100 new jobs created and three new production lines added, enabling Tyson Foods to increase capacity by 16 million pounds (around 7,250 tonnes) per year. The Landshire Sandwiches plant was acquired by Tyson Foods in …
Keurig Dr Pepper, the soft drinks and coffee firm, has acquired the caffeinated sparkling water brand Limitless for an undisclosed sum, according to a BevNET report. Founded in Chicago in 2016, Limitless produces calorie-free, sparkling water containing 35mg of caffeine per 12oz can. Reportedly inspired by “a passion for finding the cleanest caffeine possible”, the line comes in a choice of Watermelon, Ginger Mint, Cucumber Pear, Blood Orange, Lemon Lime and …
Chocolate giant Lindt & Sprungli is to close a manufacturing plant operated by its subsidiary Russell Stover in Montrose, CO, with the loss of up to 400 jobs. The move is said to form part of changes to the company’s production, retail and distribution networks, which will also see the expansion of plants in Corsicana, TX as well as Abilene and Iola, KS where around 300 new jobs will be created. …
Quinoa Corporation, a business trading as Ancient Harvest, has acquired US gluten-free peer Pamela’s, according to a statement from the former’s private equity investor Encore Consumer Capital. The deal, described as combining “two heritage gluten-free pioneers”, “more than doubles the business under Quinoa Corporation’s management, strengthens its ability to expand its retail footprint, and combines the gluten-free formulation expertise and supplier networks of both brands to facilitate new product development”, Encore …
A factory in Rancho Cucamonga, CA, USA that manufactured products under the Golden Island Jerky brand is set to close following the sale of the company to meat snacks firm Jack Links, according to a report in the Orange County Register. The decision to close the factory was announced in December, and Jack Links has now confirmed it intends to absorb production of Golden Island Jerky into its four existing factories elsewhere …
Hershey, the US confectionery and snacks firm, has announced it is moving Krave, the meat jerky firm it acquired in 2015, into the vegan foods space with the launch of Krave Plant-Based Jerky. Said to features a taste and texture similar to that of Krave Gourmet Meat Cuts, Krave Plant-Based Jerky is described as being made from peas and fava beans “for an eating experience and nutritional profile superior to any …
Molson Coors, the North American brewer, has announced it is planning to close its factory in Irwindale, CA, with production scheduled to cease by September. The firm said the move followed its recently-announced plans “to revitalize and restructure the business to get back on track”. Molson Coors added that it had entered into an agreement with rival brewer Pabst, giving them an option to purchase the facility for around $150 million. The Los Angeles Times …
Diageo, the leading alcholic drinks firm, has announced it has made a minority investment in the spirit alternative business Ritual via its accelerator arm Distill Ventures. The investment marks a futher foray by Diageo into alcohol-free spirits, following its previous acquisition of a majority stake in Seedlip, described as the world’s first distilled non-alcoholic spirit brand. Designed for use in cocktails, Ritual products use botanicals to echo the taste, smell and …
Bimbo, the Mexican bakery giant, has acquired the Lender’s Bagels business from US food firm Conagra Brands via its subsidiary Bimbo Bakeries USA. Announcing the divestment in a press release, Conagra Brands said the transaction included the Lender’s brand and related intellectual property, as well as a production facility in Mattoon, IL, and inventory. Founded in 1927, Lender’s Bagels offers refrigerated bagels in Blueberry, Cinnamon Raisin Swirl, Egg, French Toast, Onion, …
PepsiCo, the US-based snack foods firm, has taken a significant stake in the Ethiopian crisp firm Senselet. Veris Investments, the private equity fund which founded Senselet in 2015, said it would continue to maintain a minority interest in the firm and would partner with PepsiCo to further grow the business and develop potato sourcing programmes in Ethiopia. Distributed in Addis Ababa and other large Ethiopian cities, Senselet’s flagship Sun Chips …
Coca-Cola, the soft drinks giant, has announced it has taken full control of the Fairlife dairy brand after agreeing a deal for the remaining 57.5% stake in the business from its joint venture partner Select Milk Producers. Fairlife came to prominence in 2014, when Coca-Cola announced it was entering the dairy sector with a new premium brand of ultra-filtered milk. Outlining the rationale for the move, Coca-Cola claimed that value-added dairy products had been growing …
Utz Quality Foods (Utz), the US snack firm, has announced it has acquired Illinois-based crisp maker Kitchen Cooked for an undisclosed sum. Headquartered in Farmington, IL, Kitchen Cooked is described as a leading manufacturer and distributor of snack foods serving central Illinois and eastern Iowa. Starting in the 1930s by manufacturing crisps, Kitchen Cooked has more recently expanded its product line to include extruded snacks, popcorn, pretzels, tortilla chips and pork scratchings. …
Nuova Castelli, the Italian cheese maker soon to be owned by Lactalis, is closing its lone manufacturing facility in the USA, according to a Just Food report. Closure of the facility, which is located in Blockville, NY, could lead to up to 67 job losses, US media outlets say. The company has only been operating the factory, which was previously the Empire Specialty Cheese manufacturing plant, for three years, having acquired …
Froneri, the UK-based ice cream firm, has announced it is expanding into North America with the acquisition of the Nestle USA ice cream business for $4 billion. The deal would move Froneri “towards global leadership” in the ice cream category, the company said. The Nestle US ice cream brand portfolio includes Dreyer’s, Haagen-Daaz, Outshine, Skinny Cow, Edy’s, and Drumstick, in addition to the Nestle brand itself. The business unit employs …
Kroger, the leading US grocery retailer, has announced it has divested its stake in Lucky’s Market, a Colorado-based chain of food stores specializing in organic products. The disposal comes less than four years after the two firms announced a “strategic partnership”, with Kroger making a “meaningful investment” that was designed to increase Lucky’s Market’s store footprint. The sale of the stake reportedly resulted in Kroger being hit with a $238 million impairment …
PepsiCo, the leading food and drinks multinational, has announced it has entered a definitive agreement to acquire BFY Brands, the makers of the PopCorners snack line, for an undisclosed sum. The firm said the addition of BFY Brands would expand Frito-Lay’s snacking portfolio and “further deliver on its Winning with Purpose vision to offer consumers more positive nutritious options”. PopCorners is descirbed as a high growth, better-for-you popped corn snack sold in …
Hostess Brands, the US bakery firm, has announced it has acquired Voortman Cookies, a “rapidly growing” manufacturer of wafers, sugar-free and specialty biscuits, from Swander Pace Capital for approximately $320 million. Founded in 1951 and headquartered in Burlington, Canada, Voortman Cookies is described as the number one player in creme wafers and sugar free cookies, with distribution across the USA and Canada. Hostess Brands said the acquisition would enable it to enter …
Bumble Bee Foods, the US manufacturer of preserved fish and chicken products, has filed for bankruptcy and agreed a deal to sell its assets to Taiwanese seafood processor FCF, according to a Food Business News report. FCF will pay reportedly $925 million for Bumble Bee Foods’ assets. The declaration of bankruptcy will facilitate the sale and help Bumble Bee reduce its debt burden, the US company is quoted as saying. …
Lion Australia, the Kirin-owned drinks firm, has announced it has stepped up its presence in craft beer with the acquisition of independent US-based beermaker New Belgium Brewing, via its Lion Little World Beverages division. Established in 1991, New Belgium Brewing is said to have grown to become a leading craft brewer, marketing brands such as Fat Tire Amber Ale and Voodoo Ranger IPA, and operating breweries in Fort Collins, Colorado …
Coty, the global fragrance and cosmetics firm, has announced it has taken a 51% stake in Kylie Cosmetics, the beauty brand owned by media personality Kylie Jenner, for $600 million. Kylie Cosmetics offers a range of lip, eye and face make-up, and generates around $177 million in annual turnover. Coty said the strategic partnership would allow the two parties to jointly build and further develop the existing Kylie Cosmetics beauty business into …
Chobani, the second-largest yoghurt maker in the US, has announced the launch of a new oat-based range as it expands its offering in the non-dairy space. Called simply Chobani Oat, the new line will include oat-based yoghurt, due for launch next month, and oat-based milks due for launch in January next year. It is also launching a “barista blend” product designed to behave like steamed whole milk in coffee and tea. …
Dean Foods, the troubled US dairy firm, has announced it has filed for bankruptcy protection amid financial difficulties. The firm, which is the US’s leading milk processor, said it and most of its subsidiaries had initiated voluntary Chapter 11 reorganization proceedings, adding that it intended to use the process to support its ongoing business operations and address debt and unfunded pension obligations while it works toward an “orderly and efficient” sale. Dean …
McCain, the leading potato processor, has announced it is investing C$80 million ($60 million) to increase capacity for formed potato specialities in Canada, to meet growing demand from retail and foodservice customers. The firm said the creation of the new high-speed formed potato speciality line at its Grand Falls plant in New Brunswick would strengthen its potato processing presence both in Canada and North America. The new production line will be operational by early …
Riviana Foods, a leading US rice and pasta firm, has announced it has expanded its production capacity for microwaveable rice products under the Minute rice brand via a $27 million investment. The firm, which claims to be the largest processor, marketer and distributor of branded and private label rice products in the US, said the investment would double current operational output, adding that it was the second time in three years that …
Bang Energy, a US manufacturer of energy drinks and sports nutrition products, has announced it has spent $52 million to acquire a new 400,000 sq ft manufacturing and distribution facility in Phoenix, AZ in order to expand capacity. The new factory will manufacture products for a range of brands in the Bang Energy portfolio, including Stoked, Bang Keto Coffee, Redline, as well as its latest launch Bang Miami Cola. Bang Energy CEO & CSO …
Lassonde, the Canadian agri-food firm, has announced it has entered into an agreement to acquire Sun-Rype, a fruit-based snack and drinks maker, for a cash consideration of approximately C$80 million ($61 million). Founded in 1946, Sun-Rype produces juices and fruit snacks in Kelowna, BC, and also operates facilities in Selah and Wapato in the USA’s Washington state. The company manufactures and sells a variety of ready-to-drink fruit based juices and drinks under the Sun-Rype …
Mondelez, the global snacks and confectionery firm, has invested C$4o million ($30 million) to upgrade a confectionery facility in Hamilton, Canada to increase capacity, according to a report in Canadian Grocer. The investment is reportedly being spent on a new line that will make 11 million pieces of Maynards jelly sweets a day for distribution across Canada and the USA. The new production line in Hamilton is part of a wider commitment to manufacturing …
Horizon Organic, an organic dairy firm and Danone subsidiary, has announced the launch of a new milk formulated to meet the nutritional needs of young children. Horizon Organic Growing Years is said to have been developed in partnership with paediatricians and created specifically for children aged one to five. The formulation is said to include DHA Omega-3 to support brain health, choline to transport DHA in the body, prebiotics for gut …
Kind, the US-based snack company minority owned by Mars, has announced the acquisition of Creative Snacks, a family-owned snack company based in North Carolina, to further strengthen its presence in ‘better-for-you’ snacks. Founded in 2009, Creative Snacks offers premium-positioned snack foods including almond and coconut nut clusters, pretzels and trail mixes, as well as granola. Commenting on the acquisition, Daniel Lubetzky, founder and executive chairman of Kind, said: “The Creative …
VMG Partners, a US private equity fund specializing in consumer goods, has announced the acquisition of the Popchips brand in North America, and most international markets outside of the UK and Europe, via its newly-created “branded snacking platform” Velocity Snack Brands (VSB). Founded in 2007, Popchips is a “better for you” snack brand sold in supermarkets across the USA. Alongside the flagship Popchips brand, the firm’s portfolio also includes brands such …
North American natural and organic foods firm Hain Celestial has announced the latest in a series of divestments with the sale of the Arrowhead Mills and SunSpire brands to Hometown Food, a wholly-owned portfolio company of Brynwood Partners VII and Brynwood Partners VIII, for $15 million. The Arrowhead Foods lineup includes baking mixes, breakfast cereal, flour, pancakes, and pie crusts, while SunSpire is a brand of baking chocolate and chocolate confectionery. The transaction …
Frito-Lay, the snacking division of food and drinks giant PepsiCo, is investing $70 million to upgrade a prodjction facility in Frankfort, IN, according to a report in Inside Indiana Business. The investment is reportedly to be used to install a new snack production line as well as to expand an existing warehouse. 45 jobs are expected to be created as a result of the upgrade. News of the expansion follows a …
Consumer goods giant Nestle has announced it is expanding its plant-based food range with the launch of burger and imitation mince in the USA and Switzerland United States. The ingredients and recipes in the new line are said to be customized to meet local tastes, to “ look and cook” like raw beef and provide a “juicy, meat-like” taste and texture. In the USA, Nestle is launching an Awesome Burger …
Kraft Heinz, the multinational food firm, is partnering with spirits giant Diageo to create a new line-up of coffee products in association with the Baileys brand. The product range will include Baileys ready-to-drink cold brew in cans, Baileys roast & ground coffee, and Baileys K-Cup pods and is aimed at bringing “indulgent flavour” to the coffee category. Commenting on the launch, Diageo senior licensing manager Declan Hassett said: “Baileys is …
Keurig Dr Pepper (KDP), a leading coffee and soft drinks firm based in the USA, has announced plans to develop a new production and warehouse facility in Allentown, PA with an investment of around $200 million. The company said the new facility provides it with additional, highly efficient capacity for existing and new brands, and would also help it optimize its logistics footprint in the Northeast. “KDP is focused on …
Leading US food manufacturer Conagra Brands has announced it has reached an agreement to sell its direct store delivery snacks business to Utz Quality Foods, described as the largest privately held savoury snack firm in the USA, for an undisclosed sum. Crisp, popcorn, pretzel and savoury snack brands such as Tim’s Cascade Snacks, Hawaiian Snacks, Erin’s, Snyder of Berlin and Husman’s will now transfer to Utz Quality Foods. “We continue …
Kraft Heinz, the leading US food and drinks firm, has announced a health-oriented makeover for its flagship Heinz ketchup brand, with the introduction of a new variety that contains added vegetables. Marketed as “miraculously offer[ing] the veggies parents love, without compromising the thick and rich HEINZ taste kids love”, Heinz Tomato Ketchup with a Blend of Veggies is said to contain 25% added vegetables (butternut squash and carrot) and 25% …
ACH, a manufacturer of branded cooking oils and baking products, has announced the acquisition of natural and organic food firm Anthony’s Goods for an undisclosed sum. Anthony’s Goods markets a range of gluten-free flour alternatives, baking aids and supplements, including coconut and almond flours, spirulina and algae powder, and activated charcoal. Commenting on the acquisition, ACH CEO Imad Bazzi said: “One of the key reasons we partnered with Anthony’s Goods …
Wells, described as the largest privately held, family-owned ice cream manufacturer in the USA, has announced it has acquired the Halo Top brand from Eden Creamery. The purchase expands Wells’ current portfolio to five distinct brands, the company said. Advertised as “light ice cream that actually tastes like ice cream” and as having fewer calories, less sugar, and more protein than traditional ice cream, Halo Top range is touted as having created …
Kroger, the leading supermarket chain, is the latest US firm to move into the imitation meat space with the launch of a new plant-based line under its Simple Truth banner. The product line is said to include fresh meatless burger patties and grinds as well as plant-based cookie dough, pasta sauces, sausages, deli slices, dips and other items. In a press release Kroger said the launch was in response to …
Canada-based potato processor McCain has announced plans to further invest C$12 million ($9 million) at its facility in Florenceville, New Brunswick, Canada, adding capacity to the existing line that produces chips (fries) for the company’s food service and retail business. The extra capacity will require an additional 400 hectares of potatoes from local growers, McCain said in a statement. The project is to be completed in two phases, one which …
Kellogg, the leading US cereal and snacks firm, has announced it is expanding its MorningStar Farms plant-based range with the launch of Incogmeato, a new line of imitation meat products. The “next-gen” product line is said to include the company’s first ready-to-cook plant-based burger, which will be sold in the refrigerated meat aisle, as well as frozen, plant-based imitation chicken tenders and nuggets. Commenting on the launch, MorningStar Farms Plant-Based …
Mahou Group, the leading Spanish brewer, has upped its stake in the US-based craft beer maker Founders Brewing, increasing its holding to 90%, according to reports in Food Business African and FoodBev. Mahou Group originally took a 30% stake in the Michigan craft brewery in 2014 with a $96 million investment. Commenting on the deal, Founders Brewing president and co-founder Mike Stevens said: “We are fortunate to have a partner …
Campbell Soup, the US foods manufacturer, is continuing to shed non-core businesses, this time striking a deal to offload its European crisps business, including the Kettle brand, to the Irish firm Valeo Foods. The US company said it would use the proceeds from the sale, which is valued at around £66 million ($79 million) to reduce debt. Campbell Soup’s European Chips business includes UK-based Kettle Foods and Netherlands-based Yellow Chips. Headquartered in Norwich, …
US-based alcoholic drinks firm Constellation Brands has announced it has acquired a minority stake in Durham Distillery, a craft gin, vodka, liqueur and ready-to-drink canned cocktail producer located in Durham, NC, USA. The Durham Distillery product line includes Conniption Navy Strength Gin and Conniption American Dry Gin, Damn Fine Liqueurs (Chocolate, Mocha and Coffee), Cold Distilled Cucumber Vodka, and ready-to-drink canned cocktails (Conniption Gin & Tonic, Cucumber Vodka & Soda, …
Wine and spirits multinational Pernod Ricard has announced the acquisition of Castle Brands, a New York based spirits firm, for $223 million. Castle Brands market a range of “high end premium brands” that includes Arran whisky, Boru Irish vodka, Brady’s Irish cream, Clontarf whiskey, Celtic honey liqueur, Goslings rum, Gozio amaretto, Jefferson’s bourbon, Knappogue Castle whiskey and Pallini liqueurs. Commenting on the deal, Pernod Ricard chairman and CEO Alexandre Ricard, said: …
Hain Celestial, the natural foods firm, has announced it has agreed a deal to sell its Tilda brand of basmati and speciality rice to the Spanish consumer goods firm Ebro Foods for $342 million in cash. The firm said it was planning to use a portion of the sale proceeds to pay down debt, and was evaluating distribution alternatives for the remainder. Tilda operates two plants in Rainham (UK) and employs 326 …
Hershey, the US confectionery firm, has announced it has entered into a definitive agreement to acquire One Brands, the maker of a line of low-sugar, high-protein nutrition bars, for a purchase price of $397 million. The chocolate maker said the deal “strengthened its position as a snacking leader” and would “provide a competitive offering of brands in the nutrition bar category”, adding that it would complement the company’s existing Oatmega …
Stonewall Kitchen, the US speciality foods firm, has announced it has entered into an agreement to acquire the Vermont Village brand of organic applesauce and apple cider vinegar, with the deal expected to close in September. Produced by the Village Cannery of Vermont since 1995, the Vermont Village brand has largely specialized in organic applesauce. More recently it added a line of raw and organic apple cider vinegars which are described as …
Ajinomoto, the US seasonings firm, has announced it has taken a 50.1% equity stake in More Than Gourmet (MTG), a US saucemaker, via a strategic partnership with its consolidated subsidiary Ajinomoto Health & Nutrition North America. Most famous for its demi-glace French-style sauce concentrates sold in both retail and foodservice channels, More Than Gourmet has also been marketing the Kitchen Accomplice brand of broths and burger seasonings since 2013. It operates a …
Simply Good Foods, a branded nutritional and snack foods firm, has announced it has reached an agreement to acquire the functional foods maker Quest Nutrition for $1.0 billion in cash. Quest Nutrition is described as being focused on creating snacks with high protein levels but minimal sugars and net carbohydrates. The firm’s product lineup includes snack bars, biscuits, savoury snacks, protein powders and pizzas. “The acquisition of Quest strengthens Simply …
Mayorga Organics, an independently owned and operated company specializing in organic coffee, has announced plans to open a new 33,000 sq ft facility in Miami, FL. The company said the new site would work in conjunction with an existing facility in Rockville, MD to provide distribution of coffee, chia, and other organic products across the East Coast Mayorga’s new plant will reportedly feature an open floor plan with a coffee …
Del Monte Pacific, a leading fruit and vegetable processor, has announced plans to divest production facilities of its US subsidiary Del Monte Foods, including the closure of two production facilities and the sale of another. The facilities to be closed are located at Sleepy Eye, MN and Mendota, IL, where production is set to cease at the end of the current pack season. A third plant in Cambria, WI, will …
Target, the US grocery retailer, has announced the introduction of Good & Gather, which it described as its largest private label brand for food and drinks. The new flagship brand will offer a wide range of food and beverage products that “prioritise taste, quality ingredients and ease, at a great value”, the company claimed in a press release. “Our guests are incredibly busy and want great-tasting food they can feel …
Smithfield Foods, the US meat processor, has announced it is venturing into plant-based foods with the launch of a new brand range called Pure Farmland. The Pure Farmland line comes as meat-free breakfast patties, meatballs, burger patties, and pre-seasoned protein starters, designed to help consumers “grow their plant-based protein options for all meal occasions, including breakfast, lunch, dinner, and appetizers”. All the items are described as being made with ingredients …
Constellation Brands, the leading wine and spirits ompan company, has announced an agreement to sell its Black Velvet Canadian whisky brand to the distiller Heaven Hill for approximately $266 million. The firm said the sale formed part ot its “wine and spirits business transformation strategy”, including a focus on premium brands. The deal, which also includes a facility in Lethbridge, Canada and other brands associated with Black Velvet, is expected to be closed in the …
MegaMex Foods, a Mexican food joint venture of Herdez and Hormel Foods, has announced a new licensing agreement with UTZ Quality Foods to manufacture, market and distribute Herdez branded tortilla chips and pork rinds to retailers in the US. According to the company, the partnership between MegaMex Foods and UTZ will speed up the entry of Hispanic snacks into the US market. The agreement will bring a number of varieties …
Wine and spirits company Pernod Ricard has announced the acquisition of Firestone & Robertson, the owner of the TX brand range of “super-premium” whiskey and bourbon, via its US arm, for an undisclosed sum. The deal also includes the “Whiskey Ranch” distillery in Fort Worth, Texas, “where consumers can enjoy the full TX brand Experience”. In a press release, Pernod Ricard said the acquisition was another example of the company expanding its …
Hostess Brands, the US bakery manufacturer owned by Gores Holdings, has announced it has signed a definitive agreement to sell its Superior Cake Products bakery business to Chicago-based Sara Lee Frozen Bakery for $65 million. Sara Lee Frozen Bakery is a leading maker of frozen bakery and dessert products. Superior Cakes Products manufactures sweet goods such as eclairs, madeleines, brownie bites, and black and white cookies, among other products. Commenting …
Campbell Soup, the leading US food manufacturer, is continuing its divestiture program with the sale of the Arnott’s business and its remaining Campbell International operations to KKR, a global investment firm, for $2.2 billion. Arnott’s was acquired in 1997 by Campbell and has operations centres in Western Sydney, Brisbane and Adelaide in Australi, as well as Bekasi in Indonesia. The Campbell International division also includes Campbell Soup’s “simple meals” business …
HeavenlyRx, a hemp and CBD company, has announced the acquisition of Tru Brands, a US health and wellness company marketing plant-based bars and nutritional powder. Under the agreement, Heavenly Rx will acquire a 51% stake in Tru Brands for $3.5 million in cash and $2.57 million in company stock. Tru Brands currently markets a brand called Truwomen, with a line up of products that “boast the use of clean, plant …
US-based alcoholic drinks firm Constellation Brands has announced it has acquired a minority stake in Montanya Distillers, a US rum firm, for an undisclosed sum. Montanya Distillers was originally founded in Silverton, CO in 2008 by Karen and Brice Hoskin and markets the Montanya Platino, Montanya Oro, Montanya Exclusiva, and Montanya Aniversaria range of rum. Montanya Distillers sells its rums in over 40 states and 7 countries around the world, …
Global consumer goods firm Nestle has announced the launch of three new Starbucks-branded coffee creamers in the USA. The launch follows a licensing agreement, agreed last year, that allows Nestle to market Starbucks-branded products around the world. Starbucks Coffee Creamers will be available in Caramel, White Chocolate, and Cinnamon Dolce, said to be inspired by the Caramel Macchiato, White Chocolate Mocha and Cinnamon Dolce Latte coffees served in Starbucks cafes. …
McCain, the leading frozen potato firm, has announced it is investing $100 million to construct its first factory manufacturing chips (french fries) in Brazil. Due to be opened in the first half of 2021, the facility will significantly increase McCain’s production capacity in Latin America, the company said. Located in the city of Araxa, in Minas Gerais state, the factory is also expected to generate 150 direct jobs and 450 …
Fresh Express, the Chiquita-owned packaged salad firm, is expanding its on-the-go snack portfolio with the launch of fruit-based Chiquita Bites and Chiquita Sticks. The company said the new lines “make planning delicious and refreshing snacks for weekend getaways or school lunches a breeze”. Chiquita Bites is described as savoury snack packs featuring fresh fruit, cheese and nuts and containing at least 7g of protein. They are available as apple wedges, …
Ampro Industries, a US-based manufacturer of multicultural hair, skin, and personal care products, has announced the acquisition of several personal care brands from Keystone Laboratories, according to a Global Cosmetic Industry report . The products being acquired are said to include the conditioner Long Aid, Ultra Glow skin cream, Better Braids shampoo, Better Locks hair cream and K7 hair oil. Commenting on the deal, an Ampro spokesperson said: “We believe …
Campbell Soup, the leading US food manufacturer, has announced it has signed a definitive agreement to sell the Kelsen Group, a biscuit company that is part of the Campbell International business. to a Ferrero affiliated firm for $300 million. The company said the deal would enable it to reduce its debt burden, adding that the process is now underway to divest the remainder of Campbell International, including the Arnott’s biscuit brand. Based in …
Lactalis, the French dairy giant, has announced it has acquired Ehrmann Commonwealth Dairy, the US yoghurt business of German dairy firm Ehrmann. Ehrmann Commonwealth Dairy has two manufacturing facilities employing 250 people in the state of Arizona. The company makes and distributes yoghurt and other dairy products under the Green Mountain Creamery and Liebe brands, and also has a private label business. “The Ehrmann acquisition is a terrific complement to …
Amy’s Kitchen, a maker of vegetarian foods based in Santa Rosa, CA, is set to open a new production facility in Goshen, NY, according to reports in Veg News and North Bay Business Journal. The current plans are for a 389,000 sq ft “environmentally efficient” facility that will create up to 680 jobs. It will produce items such as vegan pizzas, burritos, and pasta products, Veg News said. “We are …
Anheuser-Busch, the leading US brewer and AB InBev subsidiary, has announced it will take full control of wine company Babe Wine through its affiliate ZX Ventures, by buying the outstanding shares in the firm. Babe Wine was launched as Swish Beverage in 2016, with the aim of creating a “fun, inclusive and portable product”. According to Anheuser-Busch, Babe Wine’s portfolio of rose, pinot grigio and red canned wine has led …
Unilever, the consumer goods giant, is to close an ice-cream factory in Henderson, Nevada with the loss of 300 jobs, according to a Reuters report. The plant, which is due to cease production at the end of August, is said to manufacture ice cream and frozen novelties for Ben and Jerry’s, Breyers, Magnum, Popsicle, Good Humor and Klondike, among other brands. Unilever is set to finally close the plant during …
Cedar’s Foods, a US producer and co-manufacturer of hummus, has announced it is completing a new 125,000 sq ft facility to produce Mediterranean foods at its base in Ward Hill, MA. The company said the new $100 million facility would enable it double its total annual production output to 208 million pounds. Commenting on the investment, Cedar’s Foods CFO Chris Gaudette said: “Cedar’s is dedicated to providing our customers with …
Falfurrias Capital Partners, a private equity firm based in Charlotte, NC, USA. has announced it has signed a definitive agreement to acquire CF Sauer, a maker of condiments, spices, seasonings and extracts sold through the retail and foodservice channels. With manufacturing facilities in Richmond, VA, Greenville, SC, New Century, KS, and San Luis Obispo, CA, CF Sauer producers the Duke’s Mayonnaise and The Spice Hunter brands, and also sells mayonnaise …
Coca-Cola, the US-based soft drinks giant, is planning to expand its presence in sub-Saharan Africa with a five-year, $300 million investment in Ethopia, according to a report in Food Business Africa. The additional investment forms part of an existing project through which the company will establish a new $70 million plant in Sebeta for the manufacture of soft drinks. Coca-Cola’s fourth and largest plant in Ethiopia, it will have a manufacturing …
Kraft Heinz, the third-largest food and beverage company in the USA, has announced the launch of Fruitlove, a new brand of smoothie that can be eaten with a spoon. Said to combine the benefits of creamy yogurt and real fruit and vegetables, Fruitlove Spoonable Smoothie comes in single-serve plastic pots and is said to provide a source of protein, calcium and vitamins A, B1 and B3. “We know that snacking …
Snacks and confectionery multinational Mondelez has announced an agreement to acquire a majority interest in Perfect Snacks, a California-based company described as a “pioneer” in the refrigerated nutrition bars segment. Founded in 2005, Perfect Snacks markets a range “fresh-from-the-fridge” protein snacks, made from plant-based ingredients such as nuts and fruit as well as 20 organic “superfoods” such as kale, spinach, and lemon. Since launching its flagship refrigerated snack bar, the …
Pernod Ricard, the world’s number two wine and spirits firm, has announced it is re-entering the bourbon whiskey space with the acquisition of a majority share in Rabbit Hole, a Lousville, KY whiskey maker. The deal will see Rabbit Hole added to Pernod Ricard’s New Brand Ventures portfolio of speciality brands that includes Smooth Ambler whiskey and Del Maguey mezcal. Rabbit Hole’s straight bourbon and rye whiskeys are described as …
SC Johnson, the privately held US manufacturer of household cleaning products, has announced it has reached a deal to acquire Sun Bum, a manufacturer of sun protection, hair care, lip care and other personal care products. “The Sun Bum brand is a welcome addition to our portfolio of trusted products”, said SC Johnson chairmain and CEO Fisk Johnson. “It also expands our robust selection of fast-growing, on-trend products like Babyganics, …
Tyson Foods, the US meat firm, has announced its first major foray into plant-based foods with the launch of its new Raised & Rooted brand, and a range of vegetarian and blended products. The initiative makes Tyson Foods the largest US meat producer to enter the alternative protein segment with its own products, the company said in a statement. The initial products under the Raised & Rooted brand include plant-based nuggets as …
Genuine Health, a Canadian supplements company, is making what is said to be its first acquisition in its 26 year history with the purchase of natural skincare firm Basd for an undisclosed sum, according to an article in Beauty Independent. The Basd lineup comprises around 10 products including body wash, body lotion and an exfoliating coffee scrub. Commenting on the deal, Genuine Health CEO and founder Stewart Brown said: “Natural …
Unilever, the Anglo-Dutch consumer goods giant, has announced it has reached a deal to acquire the US skincare brand Tatcha for an undisclosed sum. The firm described Tatcha as a modern skincare brand rooted in classical Kyoto rituals, adding that it had become a cult favourite by introducing Japanese skincare to other parts of the world. Tatcha’s product range is based on a formula of green tea, rice and algae, and …
Jensen Meat, a California-based beef firm has acquired meat substitutes start-up Before the Butcher, according to an article in Veg News Before the Butcher is the owner of the Uncut brand, which offers a range of plant-based burgers for the retail channel. Its line includes soy-based savoury chicken burgers, roast turkey burgers, breakfast sausage, Italian sausage an chorizo sausage. As a result of the deal, Before the Butcher will reportedly have …
The latest innovation insight from Gama Compass MANCHESTER – 6th June 2019: The burgeoning demand for ‘clean’ and ‘unadulterated’ products finds a new expression in this month’s Innovation Insight. Under the microscope is a bottled water that takes a potentially revolutionary approach to product ‘flavour’ with a unique aroma-based concept – Szent Water. New to the market in California (and across the US via e-commerce), Szent Water is aiming to turn the …
JBS USA, a subsidiary of the Brazilian meat-packer and food processor JBS, has announced a $95 million expansion project at its beef production facility in Grand Island, NE. According to a company statement, the expansion of the 107,000 sq ft facility, which is expected to be completed in early 2021, will include new improved animal handling facilities, a state-of-the-art, temperature-controlled harvest floor and facility reconfiguration designed to improve team member …
Golding Farms Foods, a manufacturer of sauces and condiments, has announced the acquisition of Arcobasso Foods, a maker of dressings, sauces and beverage mixes. The company said the deal would allow it to expand its portfolio of private label and branded products and grow its presence locally and nationally. John Frostad, CEO of Golding Farms, said: “Arcobasso Foods is a special company with long-standing relationships and commitments to customers, suppliers, …
Litehouse, a maker of refrigerated salad dressings, has entered into an agreement to acquire Sky Valley Foods, a producer of organic shelf-stable dressings, condiments and sauces for $46 million. With the acquisition, Litehouse said it planned to grow its portfolio with centre-store, clean and organic products, and increase capacity, with the creation of 160 jobs over the next five years, and expand its presence on the East Coast. Litehouse will …
Milo’s, an Alabama-based firm that manufactures, distributes, markets and sells fresh-brewed teas and lemonades in 45 states throughout the USA, has announced it plans to break ground on a new manufacturing and distribution centre in Tulsa, OK. The firm said it planned to invest $60 million in the construction of a 108,000 sq ft facility and in the installation of advanced manufacturing equipment to provide additional production capacity to support …
GreenSpace Brands, a Canadian-based business that develops, markets and sells natural food brands has announced it is selling assets within the Nothing But Nature business relating to the Kiju brand of organic juice and iced tea to Zurban Beverages for $8 million. The Kiju juice line is described as 100% juices that are premium, certified organic juice blends with no added sugar. Meanwhile the firm’s ice teas are “heavenly blends …
Caliva, a California, US-based cannabis company, has bought soft drinks firm Zola in a bid to expand into CBD-infused beverages, according to FoodBev and BevNet reports. Zola, which focuses on “plant-based hydration”, markets a range of soft drinks including coconut water, acai juice, and natural energy drinks. Caliva said the deal would allow it to broaden its cannabis business into the beverage space through access to Zola’s research and development …
Lidl, the discount retailer, has announced an ambition to open 100 stores in the USA by 2020, including a further 25 on the country’s east coast, as part of its expansion plans in the country. The German retailer, which already operates about 10,500 stores in 29 countries, plans to open stores in Maryland, New Jersey, New York, North Carolina, Pennsylvania, South Carolina, and Virginia by the spring of 2020 and …
Boston Beer, the owner of the Samuel Adams brand, has announced it has acquired Dogfish Head, a leading craft beer firm, for $300 million. In a press release, the two firms said the merger would create “a powerful American-owned platform for craft beer and beyond”. “The new entity will possess more than half a century of Craft brewing expertise, a balanced portfolio of leading beer and “beyond beer” brands at …
B&G Foods, the US owner of food brands such as Green Giant, has announced it is acquiring baking aids business Clabber Girl from Indiana-based wholesale supplier Hulman & Co for an undisclosed sum. The Clabber Girl product range includes baking powder, bicarbonate of soda and cornflour marketed under brands such as Clabber Girl, Rumford, Davis, Hearth Club and Royal. B&G Foods said it expected the acquired business to generate approximately $70 to $75 …
Hershey, the leading US confectionery firm, is investing $104 million to expand a production plant in Augusta County, VA, USA, according to a report in Area Development. Once expanded by 111,000 sq ft, the site will reportedly create 65 new jobs and be able to produce penuche (fudge-like confectionery) and peanut cream for distribution to other Hershey facilities on the US east coast. Commenting on the launch, Susanna Zhu, vice president, …
Tyson Fresh Meats, a subsidiary of meat firm Tyson Foods, is investing almost $300 million to build a new meat production plant in Utah, USA, according to media reports. The new unit, which is to be built in the Salt Lake City area, will reportedly be a 400,000-square-foot case-ready plant which will take large cuts of beef and pork and convert them into steaks, chops, roasts and ground meat for …
Hain Celestial, a North American organic and natural products company, has announced that it has entered into a definitive agreement to sell all of its equity interest in Hain Pure Protein Corporation, which includes the FreeBird and Empire Kosher businesses, to investment fund Aterian Investment Partners for $80 million. Empire Kosher is a brand of kosher poultry including processed and unprocessed products as well as deli meats. Meanwhile the FreeBird …
Conagra Brands, the leading US food manufacturer, has announced it is expanding its Reddi-Wip whipped topping brand into the coffee creamer category with the launch of its new Barista Series of cream-based products. The company said its new Nitro Creamer and Sweet Foam products were designed to give consumers a coffeehouse experiences any time of day, without the coffee shop lines or price. “Given the continued strength of coffee sales …
Fazer, the Finnish bakery and confectionery firm, has announced the introduction of a new line of chocolate for the US market under the brand Nordi. Launching into the New York metropolitan area, the Nordi chocolate line is described as being made with 70% cocoa and comprises the varieties Sea Buckthorn & Salty Caramel, Hazelnut and Campsite Coffee, Raspberry & Tangy Licorice, and Smooth and Dark Original. Following its initial launch, …
Hain Celestial, an organic and natural products company with operations in North America, Europe, Asia and the Middle East, has announced that it has completed the divestiture of its WestSoy tofu, seitan and tempeh businesses to Keystone Natural Holdings, a portfolio company of Keystone Capital focusing on plant based food, for an undisclosed sum. Commenting on the deal, Mark L Schiller, Hain Celestial president and CEO, said: “This brand divestiture …
McCain, the world’s largest producer of frozen potato products, has announced a $300 million investment in its potato processing facility in Othello, WA, USA, saying the move would significantly expand its North American production capacity. The 170,000 sq ft expansion will add another battered and conventional french fry processing line to its production capabilities in the USA and create an anticipated 180 new jobs, McCain said. The additional capacity will …
Constellation Brands, the wine and spirits firm, has announced it has acquired a majority stake in Nelson’s Green Brier Distillery, a craft whiskey firm. Co-founded by brothers Andy and Charlie Nelson, Nelson’s Green Brier Distillery produces a variety of whiskeys under the Belle Meade Bourbon brand and is set to release a Tennessee whiskey later this year. Constellation Brands said it had initially acquired in minority stake in the whiskey …
Post, a packaged goods company focused on breakfast foods, has announced that it has agreed to acquire the private label ready-to-eat cereal business of TreeHouse Foods for an undisclosed sum. Post described the acquired unit as a leading private label cereal manufacturer with wide-ranging cereal production capabilities across two facilities, serving a diverse set of customers across retail channels. “The ready-to-eat cereal category represents nearly $9 billion in revenue at …
Target, the US grocery retailer, has announced the launch of a new private label personal and homecare line under the Everspring brand name that is “designed with sustainability in mind”. According to a press release from the retailer, the line is composed of more than 70 household essentials such as laundry detergent, cleaners, dish soap, candles and hand soap. Besides featuring biobased, recycled materials and natural fibres, the products also …
Unilever, the consumer goods giant, has announced that it has reached an agreement to acquire Olly Nutrition, a San Francisco headquartered company that makes vitamins, minerals, and supplements. Olly Nutrition is known for its gummy vitamins and supplements, and also sells protein powders and snack bars. Amanda Sourry, president of Unilever North America, commented: “We are delighted to welcome Olly Nutrition to our portfolio of brands. Olly is a strong, …
Easton Pharmaceuticals, a healthcare firm based in Ontario, Canada, has announced it has completed its acquisition of bakery firm Supreme Sweets in a cash and stock deal. Supreme Sweets operates a 40,000 sq ft facility in Toronto, where it produces traditional baked goods, including gluten-free and keto products, which it supplies to major grocery chains in North America, as well as specialty coffee chains, both under its own brands and …
Mondelez, the US confectionery, food, and beverage multinational, has announced that it has made a minority investment in Hu Master Holdings, the owner of both Hu Products and Hu Kitchen, described as a fast-growing US-based snacking company. Hu is described as making minimally-processed, paleo-inspired foods with simple, real ingredients and was created by siblings Jason H Karp, Jordan Brown and Jessica Karp in 2012. The firm’s product line includes chocolate, …
Cacique, self-styled as the leading maker of authentic Mexican style cheeses, cremas, and chorizos in the US, has announced the acquisition of specialist salsa firm El Sol Foods for an undisclosed sum. El Sol Foods’ salsas are described as being “handcrafted with fresh produce” using a small batch, cold process for “homemade, authentic Mexican flavors”. Newly marketed under the Cacique brand, the product will be available in nine varieties, including …
Constellation Brands, the US wine and spirits firm, has announced it has taken a minority stake in Los Angeles-based mezcal firm El Silencio via its venture capital arm for an undisclosed sum. Available in the varieties Ensamble and Espadin, El Silencio is described as being made using “meticulously picked agaves” which are “roasted, crushed, and double distilled resulting in a full-bodied flavour”. The product is manufactured in Oaxaca, Mexico and …
Central Valley Meat, a meat processor founded in 1993, has announced it is to acquire beef firm Harris Ranch, comprising Harris Feeding Company and Harris Ranch Beef Company, for an undisclosed sum. Harris Ranch Beef is described as California’s largest beef producer and the largest ranch on the west coast of the United States. Its retail product lineup includes fresh beef, mince, patties, speciality beef and ready meals. Under the agreement, …
Campbell Soup, a US producer of canned soups and related products, has announced that it has agreed to sell its organic foods division Bolthouse Farms to an affiliate of private equity fund Butterfly Equity for $510 million. Acquired in August 2012, Bolthouse Farms employs around 2,200 staff and is a leading producer of organic beverages, dressings and carrots with a base in Santa Monica, California. Its new owner, Butterfly Equity, …
Taylor Farms, a maker of salads and fresh foods, has acquired US organic salad business brand Earthbound Farm from international dairy giant Danone for an undisclosed sum. Earthbound Farm is described as the largest producer of organic salads in the US and had annual sales of around $400 million in 2018. In a statement, Taylor Farms said: “We are grateful for Danone’s stewardship of Earthbound Farm during the past two …
Fairlife, the dairy firm formed as a joint venture between Coca-Cola and Select Milk Partners, has announced plans to expand its manufacturing capacity by building a new production and distribution facility in Goodyear, AZ with a $200+ million investment. The firm said the 300,000 sq ft plant, which is set to begin operations in 2020, would enable increased production of all Fairlife products, including the different varieties of Fairlife ultra-filtered …
Maple Leaf Foods has revealed plans to build a plant-based protein food processing factory in Shelbyville, Indiana with a $310 million investment. At approximately 230,000 sq ft, the new plant will be the largest facility and investment of its kind in North America, the company said in a press release. Maple Leaf Foods added that the facility would produce plant-based tempeh, franks, sausages and raw foods, including the recently launched …
Kellogg, the leading US cereal and snacks firm, has announced it has reached an agreement to sell selected biscuit, fruit and fruit-flavored snack, pie crust, and ice cream cone businesses to confectionery firm Ferrero in an all-cash transaction valued at $1.3 billion. The transaction includes Kellogg’s biscuit business, including brands like Keebler, Mother’s, Famous Amos, Murray’s, and Murray’s Sugar Free, as well as biscuits manufactured for Girl Scouts of the USA. At the operational level, it includes …
The Canadian arm of drinks giant Coca-Cola has announced it is spending around C$20 million ($15 million) to upgrade its production lines at a plant in Brampton, Ontario to manufacture a new 250ml “mini bottle” for its Coca-Cola, Coca-Cola Zero, Diet Coke and Sprite brands. In a statement, the firm said the bottle was the first of its kind in North America and featured a special coating to increase shelf …
E-commerce giant Amazon is expanding its burgeoning private label range with the launch of a new dedicated line of skincare products under the name Belei. Claimed to offer solutions for different skin types and to feature ingredients with proven effectiveness, the new 12-strong line of products includes moisturisers, serums, eye cream and spot treatments. They are advertised as being free from parabens, phthalates, sulfates and fragrance, and are designed to …
Kroger, the US supermarket chain, has announced it has divested its Turkey Hill division to an affiliate of investment fund Peak Rock Capital for an undisclosed sum. Turkey Hill produces iced teas, fruit drinks, milk, frozen dairy desserts and a variety of ice cream products at adedicated manufacturing and distribution facility. As part of the sale agreement, the Peak Rock Capital affiliate will continue to operate the Turkey Hill business out …
Mondelez International, the US confectionery and snacks firm, has revealed it has taken a minority stake in Uplift Food, a start-up focusing on prebiotic functional foods, for an undisclosed sum. The investment is the first Mondelez International has made via its SnackFutures venture hub, announced last November, which aims at unlocking snack growth opportunities around the world. Uplift Food’s Daily Uplifter is a vanilla-flavoured dietary supplement described as containing “gut-nourishing” prebiotics to …
Mars, the US-based food giant, has announced the launch of a new accelerator which aims to “help early stage food-focused companies fast-track growth”. Launched as Seeds of Change – named after the Mars Food organic seed and food brand – the accelerator will focus on start-up food brands, innovative experiential offerings, new business models, and emerging technology, selecting six US and four Australian participants to develop their business. Chosen companies will take part in a four-month mentorship program with …
Campbell Soup, the US food business, has announced it is selling its Garden Fresh Gourmet business to an affiliate pf Fountain of Health USA, a maker of hummus, dips, variety packs, prepared salads, pates, and frozen desserts, for an undisclosed sum. Campbell Soup bought Garden Fresh Gourmet in 2015, at the time bidding to expand in packaged fresh and organic foods. The sale forms part of Campbell’s Soup strategy, announced …
US food company Hormel Foods has announced it has agreed to sell its CytoSport sports nutrition business to fellow US consumer goods firm PepsiCo for an undisclosed sum. Hormel Foods acquired CytoSport, which markets the Muscle Milk and Evolve Protein range of protein powders, shakes and bars, in 2014 for approximately $450 million. Commenting on the sale, Jim Snee, chairman of the board, president and chief executive officer at Hormel Foods, …
General Mills, the US food giant, has announced it intends to close its yoghurt factory in Carson, CA, USA as part of a restructure of its manufacturing operations. In a filing with the United States Securities and Exchange Commission, General Mills said the move formed part of “actions to drive efficiencies in targeted areas of our global supply chain by consolidating production and optimizing our labor, logistics and manufacturing platforms”. …
Leading US mushroom producer and supplier South Mill Champs is entering in the snack category by launching a mushroom-based snack. Launched under the Shrooms brand name, the new range consists of four lines in a total of 14 different flavours, all containing mushroom as their main ingredient: Shrooms Crispy Mushrooms, Shrooms Mushroom Jerky, Shrooms Splits Jerky and Shrooms Snack Bar. South Mill Champs described mushrooms as a “functional superfood” containing …
Leading beef, pork and prepared foods firm JBS has announced a $20 million investment to expand its Plumrose facility in Ottumwa (IA) to meet growing demand for bacon among retail and foodservice customers. The expansion is said to also include bacon processing and equipment upgrades, including new state-of-the-art slicing equipment. Commenting on the investment, Plumrose USA president Tom Lopez said: “Today’s announcement demonstrates our continued commitment to the Ottumwa community …
Danone, the global dairy firm, has unveiled a new facility for the manufacture of plant-based foods at its site in Dubois, PA, USA, according to FoodBev and Food Business News reports. The multi-million dollar investment will see products under brands such as Silk, So Delicious and Vega manufactured in a dedicated facility. Danone has previously stated its intention to triple the size of its plant-based business by 2025, setting a …
Leading consumer goods firm Unilever has announced it has acquired The Laundress, a premium-positioned eco-friendly line of detergent, fabric care, and home cleaning products based in New York, USA. Founded in 2004 , The Laundress is described as being “dedicated to turning necessary household chores into a luxurious and enjoyable experience”. The firm’s product line includes laundry and fabric detergent products such as detergent, fabric conditioner and bleach alternative, alongside …
Saco, a distributor of specialty consumer packaged goods, has announced it is to acquire leading sun-dried tomato business California Sun Dry for an undisclosed sum. California Sun Dry has a comprehensive product portfolio of jarred and bagged sun-dried tomato products, as well as related products such as tomato spread and pesto, and enjoys the number one market share position in the US sun-dried tomato category. Saco said the acquisition would help …
Chobani, the leading US greek yoghurt firm, has announced the launch of the company’s first plant-based product line under the name Chobani Non-Dairy. Claimed to be “packed” with probiotics and to contain 25% less sugar than other non-dairy brands, Chobani Non-Dary is described as a coconut-based blend with “only natural ingredients” and “real fruit” for a creamy texture and a refreshing taste. The line is available as Blueberry, Peach, Slightly Sweet Plain, Strawberry …
Peet’s Coffee, a US speciality coffee company, has announced it has acquired a majority stake in Revive Kombucha, a craft brewery based in Petaluma, California, for an undisclosed sum. Revive offers an array of naturally fermented, organic, GMO free, fair trade certified, and raw bottled kmobuchas, available in the varieties Ginger Lime, Original Cola, Hibiscus Refresher, Turmeric Ginger Citrus, Yerba Mate Ginger, Mocha Java Coffee and Cucumber Mint Lemon. Peet’s Coffee said …
Life on Earth, a US consumer goods firm offering “all-natural” drinks and snack products, has announced it has entered into a binding letter of intent to acquire 100% ownership interest in Wild Poppy, a maker of “fresh and clean” drinks across the USA. The Wild Poppy range comprises four varieties of fruit juice as well as a line of three carbonated drinks, the latter launched in 2017. The product line has distribution in 1,100 outlets …
Multinational tobacco firm Altria has announced it has paid $12.8 billion to acquire a 35% stake in e-cigarette company Juul. Announcing the purchase, Altria said the move would allow Juul the opportunity to reach adult smokers through prime retail shelf space, inserts in cigarette packs and an adult smoker database. It added that the service agreements would accelerate Juul’s mission to switch adult smokers to e-vapour products. Commenting on the …
The latest innovation insight from Gama Compass MANCHESTER – 21st December 2018: For this month’s Innovation Insight we explore the growing trend for experience-based product launches. Under the microscope is a new jelly product for children from KraftHeinz that offers added play value: Jell-O Play Edible Slime. Launched in the USA and initially available only through online retailer Amazon, Jell-O Play Edible Slime is described as the first edible slime launched by …
Conagra Brands has announced it has found a new buyer for its Wesson oil business, after a previous deal to sell the brand to JM Smucker fell through over anti-trust concerns. The US food manufacturer and owner of brands such as Gardein, Reddi Whip and Marie Callender’s, said it had reached a definitive agreement to sell the Wesson division to Richardson International, Canada’s largest agribusiness firm. Wesson is an edible …
Altria, the multinational tobacco firm, has diversified into the cannabis sector with the acqusition of a 45% equity stake in Cronos Group for an aggregate investment of approximately USD $1.8 billion. Altria said the deal would leave it better positioned should cannabis become federally permitted in the US. Cronos Group is a vertically integrated cannabis company that operates the Canadian licensed producers Peace Naturals Project and Original BC, with a portfolio of brands which …
Kraft Heinz, the US-based food multinational, has announced the acquisition of sauces and dressings firm Primal Kitchen for $200 million. Primal Kitchen is described as a “better-for-you” brand primarily focused on condiments and sauces including mayonnaise, salad dressings and avocado oil, but with growing product lines in snacks and other categories. The brand is claimed to hold leading positions in both e-commerce and natural channels and is expected to generate …
Maple Leaf Foods, the Canadian meat firm, has announced plans to construct “one of the most technologically advanced poultry-processing plants in the world” in London, ON, Canada with a C$660 million ($500 million) investment. Construction at the new 640,000 square feet facility is set to begin in the spring of 2019, with start-up planned to commence in the second quarter of 2021. As a result of the new plant being built, …
CJ CheilJedDang (CJCJ), South Korea’s leading food firm, is taking an 80% stake in US food delivery and consumer brands firm Schwan’s via its US susbsidiary, according to a report in the Minnesota Star Tribune. Schwan’s turns over about $3 billion per annum and markets a variety of frozen retail products, including Red Baron, Freschetta and Tony’s pizzas, Mrs Smith’s pies and Edwards desserts, alongside operating its flagship food delivery service. …
Post, the US cereal giant, has announced it is to spin off its active nutrition business through an IPO. The company said it had approved a plan to separate its active nutrition business into a publicly traded company, “creating a scalable, high growth asset with dedicated capital resources and the strategic flexibility to pursue both organic and M&A opportunities”. Post’s nutritional arm markets ready-to-drink protein and other beverages, protein powders, nutrition …
Cereal and snacks giant Kellogg has announced the launch of a new “3 in 1” cereal brand that claims to makes digestive health support “easily accessible”. HI! Happy Inside cereal is described as containing a blend of prebiotics, probiotics and fiber to provide support for good gut health. The range is claimed to contain a blend of fruit, yoghurty pieces and whole grains that stay crunchy in milk, and is …
Snacks and confectionery multinational Mondelez International has announced the launch of an innovation hub called SnackFutures. According to the manufacturer, the new hub was developed to tap into rapidly changing consumer trends, creating new opportunities in the snacking sector. The innovation hub will join internal human resources with external partnerships to enable Invention of new brands and businesses in key strategic areas, reinvention of small-scale Mondelez brands with large-scale potential, …
Kraft Heinz, the multinational food firn, has announced it is selling its natural cheese business in Canada to dairy firm Parmalat for C$1.62 billion ($1.23 billion) The agreement includes the sale of natural cheese brands Cracker Barrel, P’tit Quebec and aMOOza! in the Canadian market, as well as a production facility located in Ingleside, Ontario. Kraft Heinz said it would continue to own and market its other cheese products in Canada, …
PepsiCo, the snack food and soft drinks giant, has announced its further expansion into the health and wellness arena with the acquisition of plant-based food maker Health Warrior. Founded in 2011 Health Warrior makes products such as nutrition bars, mug muffins and protein powder that are described as containing plant-based superfood, nutrient-dense and gluten-free ingredients and also as being low in sugar. The acquisition is PepsiCo’s first to form part …
US chicken and turkey producer Foster Farms has announced the launch of a range of refrigerated chicken snacks under the Bold Bites brand name. Packaged in single pouches, the fully cooked chicken breast pieces are available in five varieties: Chile, Verde, Korean BBQ, Caribbean Jerk, Cajun and Parmesan Garlic. According to Foster Farms, Bold Bites chicken snacks contain 15g of protein per serving, are free from hormones, artificial colour and …
T. Manzetti, a wholly-owned subsidiary company of Lancaster Colony, has acquired New York-based bakery firm Bantam Bagels for $34 million. Bantam Bagels is a producer and marketer of frozen mini stuffed bagels and mini stuffed pancakes for both retail and foodservice with an annual net sales of around $20 million. Lancaster Colony Corporation is a manufacturer and marketer of specialty food products for the retail and foodservice markets. Dave Ciesinski, …
US supermarket chain Kroger has announced that Home Chef meal kits are now being rolled out to more than 200 stores across the US Midwest. The announcement comes after Kroger acquired the Home Chef private meal kit company this summer. Robert Clark, senior vice president of merchandising at Kroger said: “We are excited to introduce Home Chef’s new retail meal kits to our store customers. Offering a rotating menu of recipes …
Unilever is launching a new ice brand called Culture Republick, claimed to be the first premium ice cream in the USA containing probiotics. The line, which is offered in 1 pint (473ml) tubs, is claimed to contain three billion live active cultures, between 400 and 500 calories, 16-18g of protein, 11-12g of fibre and no artificial sweeteners, and is being offered at a retail price of $3.99 to $4.99. Initially, …
Meat-processing company Smithfield Foods has announced an investment of $ 1.2 million to expand its meat production site in Grayson, KY, USA. The Grayson facility, which produces Smithfield brand sliced hams ,will increase production capacity by 20% to meet the growing necessities of the site, the company said. “In the last several years, our growth has allowed us to invest in our facilities and create new opportunities for those living in the …
Irish global nutrition group Glanbia has signed an agreement to acquire Florida-based SlimFast, a leading weight management and health & wellness firm, for $350 million. The deal also includes SlimFast’s sister company HNS. The SlimFast portfolio includes ready-to-drink and ready-to-mix products as well as a new Advanced Nutrition range of meal replacement shakes and smoothies and registered $212 million of net sales in 2017. Glanbia group managing director said: “I am pleased to announce …
Miami-based Hispanic retailer Sodano’s has announced the launch of a so-called “robotic supermarket”, after partnering with e-grocery solution Takeoff Technologies. The launch of the “the world’s first robotic supermarket” will occur next month, and will reportedly use cutting-edge technology to allow customers to place orders on an online app and then have the order fulfilled by Takeoff’s automated micro-fulfillment centre, assisted by Sedano’s associates. According to sources, the artificial intelligence robots will be …
US retailer Target announced the launch of Smartly, a new lower-priced private label brand of personal and household care productsd, with most products retailing at less than $2. According to a Target press release , the line consists of more than 70 “budget-friendly, effective and well-designed” everyday products, such as hand soap, body lotion, household cleaners and razors. Mark Tritton, executive vice president and chief merchandising officer at Target, said: …
Maple Leaf Foods, a Canadian manufacturer of meat products, has announced the signing of a definitive agreement to acquire Viau Foods, a Canadian leader in premium cooked and dry-cured meats. The purchase was set for $215 million, including $30 million in Maple Leaf stock, to be financed through a combination of cash-on-hand and drawings. VIAU produces a range of prepared meat products including Italian cooked meats, sausages, pizza toppings, shaved …
US-based discount retail chain Wal-marthas announced the acquisition of Cornershop, a leading online marketplace for crowdsourced on-demand deliveries from supermarkets, pharmacies and specialty food retailers in Mexico and Chile, in a deal worth $225 million. According to Walmart, the transaction is an important step forward to accelerate the company’s omnichannel capabilities and its growth in Latin America. Judith McKenna, president and CEO of Walmart International, said: “Cornershop’s digital expertise, technology and …
Canned seafood producer Ocean Brands has announced the acquisition of Canadian brand Club Des Millionnaires from Harold T. Griffin. Club Des Millionnaires produces a broad range of canned sardine and anchovy products including small sardines (brislings) bearing the tagline “Fish She is Very Small”. “We are very pleased with the acquisition of Club Des Millionaires”, said Ocean Brands president Ian Ricketts. “Today’s consumers have an increased demand for natural sources …
Global beverage giant Diageo, through its Distill Ventures arm, has acquired Westward, a leader in the American single malt whiskey category, for an undisclosed amount. The investment includes both the current distillery in Portland as well as the whiskey brand and inventory, reportedl allowing the distillery to expand capacity by 40% next year. Westward whiskey will continue to be made exclusive at its Portland facility, with the business founders and …
US confectionery firm Hershey has announced a definitive agreement to purchase Pirate Brands from B&G Foods for $420 million. The “strategic acquisition” includes the Pirate’s Booty, Smart Puffs and Original Tings brands. Pirate Brands will operate within Amplify, Hershey’s ‘better-for-you’ snacking hub in Austin. Commenting on the deal, Hershey’s chief growth officer Mary Beth West said: “Pirate’s Booty is a leading cheese puffs brand loved by moms and kids as a …
The latest innovation insight from Gama Compass MANCHESTER – 10th September 2018: September’s Innovation Insight returns to the theme of functional vegetable ingredients with a look at the launch of a new sports drink that “harnesses the natural goodness” of on-trend sweet potato – V8 +Hydrate Isotonic Drink. An extension to Campbell’s established V8 brand range of fruit and vegetable drinks, V8 +Hydrate, which is initially being rolled out in the US …
Stir Foods and Pacifica Foods (known as Stir-Pacifica), part of Chicago based company Wind Point Partners, has acquired sauce business Sabra Dipping Co. The deal includes the Santa Barbara and Chachies brands alongside with the Sabra brand. Founded in 2000, Stir-Pacifica manufactures soups, sauces, dressings and fresh sauces for both retail and food service customers. “I am delighted to welcome the Sabra salsa business and its employees to Stir-Pacifica”, said …
Multinational carbonated drink firm Coca-Cola has announced the acquisition of Moxie, a New England soft drink brand, for an undisclosed sum. According to sources, the Coca-Cola is acquiring the Moxie brand from Coca-Cola of Northern New England, which is an independent bottling partner of the main company based in Bedford, New Hampshire. Moxie was patented in 1885 and is said to be the first bottled carbonated beverage made in the United States. “Moxie is …
Hormel Foods and WholeStone Farms have entered into an agreement to sell the Hormel Foods processing plant in Fremont, NE to WholeStone Farms. The transaction includes both the processing plant and a multiyear agreement to supply raw pork to Hormel Foods. “The strategic decision to transition the Fremont facility to WholeStone arms reflects the long-term, changing dynamics in the pork industry, and most important, is aligned with our vision as …
US supermarket retailer Kroger has announced a pilot project which will see it partnering with China’s Alibaba’s Tmall platform to sell Kroger’s own brands internationally. Kroger’s new online store will begin by selling selected products from the Simple Truth brand, which is said to be America’s largest natural and organic brand. The company added that the move was in accordance with its plan to “redefine the grocery customer experience by …
Leading US organic yoghurt maker Stonyfield, part of the Lactalis group, has launched its new Snack Pack range targeting “families on the move”. Featuring organic low fat yogurt together with a sweet or salty ‘dipper’, the new line is available in the varieties Strawberry Yoghurt with Graham Crackers, Chocolate Flavoured Yoghurt with Graham Crackers and Chocolate Flavoured Yoghurt with Pretzels. Each Stonyfield snack pack has suggested retail price of $2.29 …
Soft drinks powerhouse Coca-Cola has announced it has entered into a definitive agreement to acquire a minority stake in functional drinks business Bodyarmor for an undisclosed sum. The firm said that the deal was “uniquely structured to create value for both companies” and would allow it to increase its holding in the future, including a “path to ownership under defined terms”. Bodyarmor’s flagship Superdrink is described as “a premium sports drink […] …
Starbucks, the international coffee firm, has announced that is expanding its functional beverage portfolio by launching Evolution Fresh Organic Kombucha. Acquired by Starbucks in 2011, Evolution Fresh offers cold-pressed juices and smoothies that are made by pressing and squeezing vegetables and fruits, then bottling the juice cold using high-pressure processing. Evolution Fresh Kombucha is described as a combination of selected artisanal teas that are fermented and paired with the company’s …
Kellogg, the US cereal and snacks giant, has announced the first line under its Kashi organic brand that is specifically targeted at children. Named Kashi By Kids, the new cereal line is said to feature “tasty superfoods ingredients + fun shapes + mighty plant based nutrition” and is described as being co-created “with passionate Gen Z leaders who inspire others to make a difference in the world”. The organic cereal …
Frito-Lay, the snacks division of global food and drinks giant PepsiCo, is set to expand a production facility in the city of Frankfort, IN, USA, according to a report in Inside Indiana Business. The firm is said to be investing $159 million in the upgrade to its Clinton County operations, which will see two new production lines and extra warehousing capacity added and the creation of 50 new jobs. Frito-Lay …
San Francisco Equity Partners (SFEP), a private equity firm focused on growth consumer goods companies, is taking a majority stake in frozen ‘cheese bread’ brand Brazi Bites, according to a report in Project Nosh. With a reported revenue of $8.5 million, Brazi Bites specializes in Brazilian-style ‘cheese bread’ which it distributes to stores across the US in Cheddar & Parmesan, Garlic Asiago, Zesty Pepper Jack and 3 Cheese Pizza flavours. …
Sabra, the joint venture between PepsiCo and Strauss that markets hummus and other dips and spreads in North America, has broken ground on the latest expansion to its production facility located in Chesterfield County, VA. The firm said that the 40,000 sq ft expansion at the site – described as the world’s largest factory dedicated to the manufacture of hummus – would enable it to expedite product delivery to retail …
Johnson & Johnson, the leading healthcare firm, has announced that it has reached an agreement to acquire the natural medicine and supplements business Zarbee’s for an undisclosed sum. Founded in 2008, Zarbee’s is the owner of the Zarbee’s Naturals brand of healthacare products for adults and children, including throat lozenges, cough medicine, vitamins and immunity support supplements. Commenting on the deal, Katie Devine, global president, OTC Franchise, Johnson & Johnson Consumer, said: …
Premium Brands, the speciality food firm, has announced that it has taken a 62.6% interest in Yorkshire Valley Farms, a poultry processor based in Canada. Yorkshire Valley Farms is a leading producer of fresh and frozen chicken products such as chicken joints, mince, burgers and meatballs, the majority of which it markets under its namesake brand. The firm has annualized sales of approximately C$65 million ($50 million) and operates a …
Rocky Mountain High Brands, a lifestyle brand management company, has announced the total acquisition of BFit Brands, maker of whey protein and energy drink FitWhey. FitWhey is described as being a naturally sweetened, flavoured and coloured water-based protein drink that combines quality whey protein isolate with caffeine and vitamin B. Designed to “maximize performance”, the beverage is made with nine ingredients and comes in Berry, Lemonade, Orange Cream and Grape …
Lindt & Sprungli, the global chocolate firm, has unveiled plans to enhance its production site in Stratham, NH, USA via a 200 million CHF ($202 million) investment. Announcing the move alongside its financial results for the first half of 2018, the Swiss firm said that the money would be invested in the construction of new high-tech production lines for cocoa and chocolate mass within the next three to four years “to …
The latest innovation insight from Gama Compass MANCHESTER – 20th July 2018: For this month’s Innovation Insight we turn our attention to the dynamics of the yoghurt category, and in particular the growth of the skyr segment, as we cast an eye over a new fresh cheese launch from Arla in the USA – Arla Skyr Cream Cheese Spread. Marketed as having a “rich, tangy flavour”, Arla Skyr Cream Cheese Spread …
P&G, the leading household and personal care firm, has acquired makeup and skincare firm First Aid Beauty, according to a report in WWD. The transaction is said to be valued at around $250 million, although P&G declined to disclosed specific terms of the deal. Founded by Lilli Gordon in 2008, First Aid Beauty markets a range of toiletries and cosmetics designed to target skin concerns such as acne, eczma, redness and …
Dean Foods, the leading US dairy processor, is to close a bottling facility in Huntley, IL according to media reports. The move is the latest in a string of closures for the firm as it seeks to consolidate its operations in the face of falling consumer demand for milk products. Earlier this month, Dean Foods filed a notice of its intention to close a dairy plant in Louisville, KY, with …
US-based consumer goods firm B&G Foods has announced the acquisition of the McCann’s Irish Oatmeal brand from TreeHouse Foods, the private label manufacturer, for $32 million in cash. Positioned as a “premium” Irish oatmeal brand, McCann’s is sold across the USA and Canada as a classic traditional steel cut Irish oatmeal “known for the distinctive, nutty flavor of steel cut Irish oats”. TreeHouse Foods first acquired the McCann’s Irish Oatmeal …
Bel, the leading cheese firm, has announced the construction of its first plant in Canada fully dedicated to the production of Mini Babybel cheese. The facility, which is scheduled to begin commercial production in early 2020, represents an investment of $66.1 million and will create 170 jobs. Located in Sorel-Tracy, Quebec, the new plant is said to be aligned with Bel’s strategy of prioritizing local manufacturing to bolster growth in …
US-based alcoholic drinks firm Constellation Brands has announced the acquisition of Four Corners Brewing, a Texan craft brewery founded in 2012, for an undisclosed sum. The craft beer brand will join California’s Ballast Point Brewing and Florida’s Funky Buddha Brewery within Constellation’s Craft and Speciality beer group. Four Corners flagship brands are Local Buzz Honey-Rye Golden Ale and El Chingon IPA. The firm is described as brewing “an entire portfolio …
US consumer goods company Halen Brands is launching a line of health-oriented chocolates called Joyfuls into mass market channels, according to a Foodbev report. The new chocolate brand, which claims to be inspired by an artisan form of confectionery called mendiants, is claimed to be made from ingredients certified as happily sourced, non-GMO and fair trade. Sold individually wrapped, the 60% cocoa chocolate is described as being topped with fruit, …
Brynwood Partners, the US investment firm, has made its latest play in the food and drinks space with the acquisition of bakery assets belonging to food manufacturer JM Smucker. According to Brynwood Partners, the deal includes the exclusive US rights to the Pillsbury shelf-stable baking range, along with the Hungry Jack, White Lily, Jim Dandy and Martha White brands. The Pillsbury brand licence agreement is described as a royalty-free, perpetual agreement with brand owner General …
Constellation Brands, the leading international beer, wine and spirits firm, has announced the launch of the first ever ready-to-drink product line under its Svedka vodka brand. Described as a cocktail-inspired malt-based beverage infused with blends of natural fruit and botanical flavours, Svedka Spiked Premium Seltzer is said to contain 100 calories, 3.5g sugar and 4.5% abv per can and is available in three flavours: Tangerine Hibiscus, Strawberry Elderflower and Cucumber …
Conagra Brands, the leading US food manufacturer, is to acquire Birds Eye owner Pinnacle Foods in a cash and stock deal worth $10.9 billion, the two firms have announced in a statement. The deal will reportedly make the combined company the second leading player in US frozen food behind Nestle. In addition to Birds Eye, Pinnacle Foods markets brands such as Duncan Hines, Earth Balance, EVOL, Erin’s, Gardein, Glutino, Hawaiian Kettle …
International coffee shop chain Starbucks has announced the launch of packaged tea in grocery stores through its Teavana brand. Starbucks said the launch of the new retail line came on the back of 14% sales growth for its Teavana and Refreshment business at US company-operated Starbucks stores in the 2018 fiscal year to date. Teavana packaged tea will be available from this summer and is set to expand across the …
Hola Nola Foods, a snack food firm based in Los Angeles, CA, USA, has announced the acquisition of NatureStar Foods, the manufacturers of the Plocky’s crisp line. In a statement, Hola Nola Foods, which currently manufactures tortillas, tortilla chips, salsas and popcorn, said it was looking to expand its snacks portfolio with Plocky’s hummus and tortilla chips. Kevin Holden, president of Hola Nola Foods said: “Plocky’s award winning Hummus Chips …
Domaine Select, a US-based importer of wine and spirits, has announced the acquisition of Atlantico, a rum brand originating from the Dominican Republic. Founded in 2008, Atlantico is described as a super-premium rum brand that is available in the US and 12 international markets. As part of the deal, Domaine Select said it had taken over the day-to-day sales, marketing and operations associated with the import and export of the brand …
Global consumer goods firm Nestle has announced the addition of a pizza line to its Sweet Earth brand of plant-based foods in the USA. Offering “pizza enlightenment”, the new line of frozen pizzas provides “wholesome, craveable flavors made with organic ingredients” as well as “unique crusts blended with ancient grains, carrot and rosemary, bold sauces, and fresh toppings”. Launching across the US, the Sweet Earth pizza line comprises Veggie Lover’s, …
Leading US food producer General Mills, through its new business development and venturing unit 301 INC, is among the companies participating in a $12 million investment in NextFoods, the makers of Goodbelly Probotics, according to a recently released statement The money raised will be used to expand GoodBelly’s national sales team, support capital improvements and drive product innovation. General Mills led the round and the additional investment came from existing …
All Market, the company behind Vita Coco coconut water, has agreed a deal to acquire “clean” energy drink brand Runa, according to a report in Foodbev. Runa is an organic energy drink range based on guyusa, described as a rainforest plant with a naturally high content of slow-release caffeine and polyphenols. Commenting on the launch, Vita Coco co-founder and CEO Michael Kirban said: “We’ve spent 14 years at Vita Coco creating …
General Mills, the US food giant, has announced the launch of YQ By Yoplait, a new yoghurt promoted with the slogan of “smarter, not sweeter”. “Setting out to give people something quite different from their typical yogurt experience”, YQ By Yoplait is said to be made from ultra-filtered milk combined with active cultures that undergoes a special “stirring” developed by Yoplait in France. According to General Mills, “the result is a …
Olymel, a leading Canadian processor of pork and poultry products, has announced the 100% acquisition of the Ontario-based poultry firm Pinty’s. Specialising in fully cooked chicken and other related products, Pinty’s operates three processing plants, located in Port Colborne, Paris, and Oakville. The firm markets a range of coated and uncoated chicken products for the retail trade under brands such as Pinty’s , EatWell and Pub & Grill. Olymel said the transaction would …
Lakeside Foods, a Wisconin, US-based producer of frozen foods and canned vegetables is set to acquire the Arkensas-based Good Eats Food for an undisclosed sum, according to an article in Food Business News. Promoted as “veggies with a twist”, the Good Eats Food range includes mashed cauliflower, soups and frozen sweetcorn marketed under the brands Ruthie’s Twisted Harvest and Serious Bean Co. Commenting on the deal, Lakeside Foods president and …
US-based multinational beermaker Molson Coors has announced the acquisition of Clearly Kombucha, a maker of functional drinks, for an undisclosed sum. Founded in 2010, Clearly Kombucha markets a portfolio of six non-alcohol fermented tea drinks, all cold-filtered and certified organic, vegan, kosher, non-GMO and gluten-free. Headquartered in California, the firm also has distribution in Colorado, Texas, Washington, Oregon and Montana. Clearly Kombucha will become part of the MillerCoors business through …
HelloFresh, a US meal kit provider, has announced its debut in the retail space with the launch of a range of products in Ahold Delhaize supermarkets. Starting from June, HelloFresh meal kits will be made available at more than 500 stores under Ahold Delhaize’s Giant Food and Stop & Shop brands. The company said it then expected to roll out its products to more retailers over the course of the …
Tyson Foods, one of the world’s largest meat firms, has announced the launch of a new brand called Yappah! in a bid to combat food waste. Yappah! Protein Crisps are described as being crafted from “rescued” and “upcycled” vegetable and grain-based ingredients that might otherwise go to waste. The brand is the first created by Tyson Innovation Lab, a specially-selected team responsible for developing innovative products. According to Tyson Fooods, …
Coca-Cola, the global soft drinks giant, has announced plans to bring its milk brand Fairlife to Canada, including the construction of a production facility in the country. Canada will be the first country outside the US where Fairlife milk will be available. Shane Grant, president of Coca-Cola’s Canadian business unit, said: “We’re thrilled to be adding fairlife Ultrafiltered Milk to Coca-Cola’s growing and diverse portfolio of beverages here in Canada. This …
Necco, the US confectionery firm, has been acquired by Sweetheart Candies Co owner Metropoulos & Co for $17.3 million, after the cancellation of a proposed deal with Spangler Candy. Spangler Candy made the winning bid for Necco in a bankruptcy auction, but the deal is said to have collapsed when the former pushed for a change in the $18.3 million purchase price, according to a Fortune report. Commenting on the …
Savencia Fromage & Dairy, a global specialty cheese manufacturer, has announced the acquisition of artisan cheese maker Rogue Creamery for an undisclosed sum. Rogue Creamery is a US-based organic cheese maker that specializes in blue cheese. Savencia Fromage & Dairy announced that Rogue Creamery would retain its current president and would continue to function as a separate public benefit borporation. Commenting on the news, Rogue Creamery president David Gremmels said: …
Food and drinks giant PepsiCo has announced a definitive agreement to acquire Bare Foods, a producer of baked fruit and vegetable snacks under the Bare Snacks brand. Bare Foods Co was founded in 2001 and is described as a leader in apple, banana and coconut snacks. Its product range, including beetroot, carrot and sweet potato crisps, is sold across the USA and is said to use real, whole-food ingredients, to be …
International confectionery giant Mars is to spend $69 million constructing a new manufacturing facility for its Wrigley’s chewing gum division in Kenya, according to a report in the Daily Nation. Once complete, the new plant will produce 7.8 billion pellets of chewing gum annually, raising Mars’ market share in chewing gum in Kenya to 75%. Aside from Kenya, the plant is also expected to serve other east African markets such …
Necco, the US manufacturer of confectionery products such as Necco Wafers, has been sold in a bankruptcy auction to Spangler Candy for $18.83 million. The firm beat off competition from investment firms Gordon Brothers and Round Hill to secure the acquisition. Prior to the auction, Gordon Brothers had been in negotiations to acquire Necco for $13.3 million. The Necco business dates back to 1847 and produces the traditonal sugar confectionery …
The latest innovation insight from Gama Compass MANCHESTER – 24th May 2018: For this month’s Innovation Insight, we take a look at a new launch bringing oats to the sweet spreads category in the guise of on-trend granola: Kween Granola Butter. Described by its makers as “spreadable gold”, Kween Granola Butter is an oat-based product seeking to compete for attention in the sweet spreads space alongside more traditional options such as …
Brynwood Partners, the investment group that owns Cold Spring Brewing, has announced the complete acquisition of Carolina Beverage Group from SunTx Capital Partners. The deal, agreed for an undisclosed sum, includes three manufacturing facilities, a warehouse and a broad range of value-added production services. Carolina Beverage is a contract manufacturer that processes malt beverages, distilled spirits, energy drinks, teas, functional drinks and RTD beverages. On completion of the deal, the …
Keurig Green Mountain, the North American coffee giant, has announced the construction of a new facility for its K-Cup coffee capsules. The new plant, located in Moore, SC, USA, is projected to see an investment of $350 million and lead to the creation of 500 jobs. Keurig Green Mountain said that the facility would primarily house coffee roasting and packaging for the firm’s single-serve K-Cup pods, but would also have potential to support beverage …
Coca-Cola Beverages Africa, Africa’s largest bottling company, has opened a new juice line at its Nairobi facilities in Kenya. The result of an investment of 7 billion KES ($70 million), the new juice line will manufacture a range of products such as fruit juices, sports drinks, dairy fusions, juices with bits and iced tea. Coca-Cola Beverages Africa is the biggest Coca-Cola bottling partner on the African continent. Formed in 2016 …
FMCG giant Nestle has announced the launch of a cold brew coffee line under its coffee creamer brand Coffee-Mate. Coffee-Mate Natural Bliss cold brew coffee is said to be designed to bring the premium coffee shop experience to the consumer’s home or work. According to the manufacturer, the product is made with natural high quality and recognisable ingredients, containing 100% Arabica beans that are slowly steeped in cool water for …
US e-commerce giant Amazon has added to its own brand line up of grocery products with the launch of a range of pet food under the name Wag, according to a report in CNet. The new brand is the latest addition to Amazon’s expanding portfolio of private label brands, which currently comprises more than 70 lines across a diverse range of product categories. The initial offering under the Wag brand …
US-based private investment firm Highlander Partners has acquired the confectionery portfolio owned by Finnish food and beverage firm Huhtamaki. In relation to the deal, Highlander Partners said it had created a new entity where the asset will be held and that will continue to license to chocolate maker Hershey under the same terms and conditions. The acquisition includes leading brands such as Jolly Rancher, Payday, Zero, Chuckles, Good & Plenty, …
Snacks and confectionery multinational Mondelez has announced that it is expanding its brand portfolio with the acquisition of US biscuit maker Tate’s Bake Shop. Mondelez, which is acquiring Tate’s Bake Shop for almost $500 million from private equity firm The Riverside Company, will operate Tate’s Bake Shop as a separate standalone business. The company will continue to produce all of its products at its existing manufacturing facility, as well as …
French dairy multinational Danone has announced the closure of one of its manufacturing facilities in the USA by the end of the year, with 147 jobs affected. Danone, which markets products in North America under the Dannon and Activia names, took on the facility in Naugatuck, Connecticut in 2013, as part of its acquisition of the YoCrunch brand. At the time it was acquired, the plant generated annual sales of …
Dr. Oetker, the Germany-based ready meals, desserts and culinary aids firm, is to make a fresh investment in its pizza plant located in London, ON, Canada, according to a report in Global News. The upgrade is set to include a new production line featuring dough mixing together with baking, topping, freezing, and packaging operations, and is expected to lead to capacity at the plant almost doubling from 10,000 to 18,000 …
Diageo, the global spirits giant, has announced the latest addition to its Ketel One vodka line in the US – Ketel One Botanical. Promoted with the tagline “real botanicals – fresh taste”, Ketel One Botanical vodka is described as being “distilled with real botanicals and infused with natural fruit and botanical essences”. The new spirit, which has 30% ABV, is further promoted as being made with 100% non-GMO grain and as …
Lassonde, a producer of ready-to-drink fruit and vegetable juices and drinks, has announced that it has agreed a deal to acquire family-owned juice firm Old Orchard Brands for $146 million. Old Orchard Brands is headquartered in Sparta, MI and posted sales of $103.3 million for its 2017 fiscal year. Old Orchard is described as a leading brand in the shelf-stable fruit juice category across the central United States and the nation’s second largest brand in frozen juice …
Bubbies Homemade Ice Cream & Desserts, a Hawaiian firm best known for mochi ice cream, has announced the opening of a new “state-of-the-art” manufacturing plant in Phoenix, AZ. According to a company statement, the plant is the manufacturer’s first on the US mainland, adding to an existing facility at Aiea in Hawaii. The move will increase production capacity and respond to success the company has enjoyed both in the US and overseas, the firm …
Perdue Farms, a leading US manufacturer of poultry products, has announced that it is investing $42 million to increase production capacity at its facility in Houston County, GA. The firm, which markets a range of retail products under brands such as Perdue, Simply Smart and Harvestland, said the investment would be used to install a third cooking line to occupy 30,000 sq ft and create 125 new jobs. Commenting on …
Land O’Frost, the US sausage and deli meats firm, has announced the acquisition of fellow meat products manufacturer Wellshire Farms for an undisclosed sum. The Indiana-based firm said the deal “provides entry to [the] natural/organic market and supports Land O’Frost’s ongoing growth plans”. Wellshire Farms is described as a leading player in the natural & organic meat space, with distribution in specialty grocery retailers such as Whole Foods Market, Trader Joe’s and …
US-based food and beverage producer JM Smucker has announced an agreement to acquire Ainsworth Pet Nutrition for approximately $1.7 billion. Ainsworth Pet Nutrition is a privately-held company which produces and distributes premium-positioned pet food and pet snacks, including the Rachael Ray Nutrish brand. In addition to the company headquarters in Pennsylvania, the transaction includes two manufacturing facilities and a leased distribution facility. This acquisition reinforces JM Smucker’s position in pet …
Dunn’s River Brands, a beverage portfolio management company, has announced the acquisition of a majority interest in Temple Turmeric for an undisclosed sum, according to a BevNet report. New-York based Temple Turmeric produces a range of ‘elixirs’, raw vinegars and ‘pure prana shots’ made from organic whole root turmeric juice. In a statement, Temple Turmeric founder Daniel Sullivan said: “We were looking for new approaches to product development and Dunn’s …
Global food company Flagship Food has announced the acquisition of the Select New Mexico brand from Es Mi Tiempo, for an undisclosed sum. Select New Mexico is a brand of green chilli food products that are sold in all US states as well as in the UK. Flagship Food said that it has no plans to change the product offerings or any relationships with suppliers or vendors. In addition, the …
Buderim, an Australian producer of ginger products, has announced that it is acquiring the Hawaii, US based macadamia producer Royal Hawaiian Orchards and merging it with rival grower MacFarms to create the largest macadamia business in the continental USA. Royal Hawaiian Orchards and Buderim are respectively Hawaii’s largest and second largest macadamia nut orchard owners and together account for more than 65% of macadamia production in the US, according to Buderim. …
Premium Brands, a Canadian producer, marketer and distributor of branded food products, has announced the purchase of four businesses – Concord Premium Meats, The Meat Factory, Country Prime Meats and Frandon Seafood – as it expands its brand portfolio. The Meat Factory is an Ontario-based manufacturer of branded cooked protein products which owns Lou’s Barbeque, described as the number one brand in Canada in the fully cooked meals category. Country …
Multinational US based retail chain 7-Eleven has announced the launch a new line of bakery products for Hispanic consumers under the private label brand 7-Select. According to a company press release, the line is being rolled out after being test marketed for a number of months in Texas and Mexico. The line is comprised of three products: Mini Pound Cake (‘Panquecitos’), Cinnamon Rolls with Raisins (‘Roles de Canela con Pasas’) …
Ajinmoto, the leading Japanese food producer, is to acquire the Circle Foods business from US meat company Tyson Foods, Just Food reports. “Tyson Foods has entered an agreement with Ajinomoto Windsor to sell our Circle Foods operations. We anticipate this transaction to be completed this spring, and are working with Ajinomoto Windsor on a transition plan for operations”, the company is quoted as saying. “Our primary focus will be to …
Hershey, the US chocolate firm, has broken ground on a $60 million project to expand a manufacturing facility in Hazle Township, PA, USA, according to a report in the Times Leader. The investment, which is set to add 111 new jobs at the site, will see the installation of a new Kit Kat production line at the factory, which currently produces Kit Kat, Cadbury and Caramello products. The expansion is …
PepsiCo’s fruit juice subsidiary Tropicana has announced the launch of Tropicana Coco Blends and Tropicana Kids for the US market, as the company “continues to evolve to meet consumer demand”. Tropicana Kids is a line of organic fruit juice drinks “made with 45% real fruit juice and mixed with filtered water” that is sold in single-serve 5.5 fl oz pouches. Available in Fruit Punch, Mixed Berry and Watermelon varieties, the line …
Natural foods firm Carrington Farms has announced the acquisition of Tera’swhey, the leading producer of organic whey protein in the US. Madison, WI based Tera’swhey was founded in 2009 and produces USDA. certified organic whey protein made from grass-fed dairy cows. The company also offers rBGH-free whey protein and goat whey protein powder. Announcing the move in a statement, the two firms described Tera’swhey’s products and approach as being “closely …
US dairy company Hiland Dairy has announced the release of four new variants of flavoured milk. According to the company, the new “indulgent” flavours are being launched to celebrate spring and are made with fresh and pure dairy milk from local farmers. Greg Stephenson, marketing manager at Hiland Dairy, said: “Flavoured milk is a great way to treat yourself and a healthy alternative to soft drinks and fruit juice. And, …
US food manufacturers Conagra Brands and JM Smucker have annnounced that they are to call off the the latter’s acquisition of the Wesson cooking oil brand, following objections raised by the Federal Trade Commission. In a statement, Conagra Brands said: “While we are disappointed by and disagree with the Commission’s decision, we have determined that it is in the best interest of our shareholders, customers and employees to terminate the …
The Canadian arm of consumer goods giant Nestle has announced an investment of C$51.5 million ($398 million) to increase production capabilities at its ice cream factory on Wilton Grove Road in London, ON. The factory, which produces ice cream for brands such as Haagen-Dazs, Parlour and Drumstick, will increase its current footprint by 836 sq m to create capacity for future growth. In a statement, Nestle Canada said that the …
US packaged foods firm Kraft Heinz is looking to expand its breakfast portfolio with the launch of Ore-Ida Just Crack An Egg, a product that is claimed to provide hot scrambled egg in less than two minutes. Designed “to help reignite Americans’ love for breakfast”, Ore-Ida Just Crack An Egg is advertised as “the perfect breakfast option for Americans with on-the-go lifestyles” through its “combination of convenience, freshness and great …
USA cereal maker Post has announced plans to close a manufacturing facility in Clinton, MA by August 2019. According to Food Business News, the facility was obtained as a result of Post’s $1.8 billion acquisition of Weetabix in 2017 . Post said the planned closure ”reflects Post’s continuous improvement initiative to optimize its cereal production network and manage costs in the ready-to-eat cereal category”. Robert Vitale, Post president and CEO, …
General Mills, the leading US food producer, has expanded into the natural pet food space with the acquisition of Blue Buffalo, in a deal that has an enterprise value of approximately $8.0 billion. Founded in 2002, Blue Buffalo is described as a fast-growing major pet food company that markets natural foods and treats for dogs and cats under the Blue brand. Blue is claimed to be the number 1 “wholesome natural pet food …
Albertsons, the US grocery retailer, has announced that it has reached an agreement to merge with Rite Aid, a leading pharmacy chain, in a cash and stock deal. Rite Aid shareholders will own a 28 to 29.6% stake in the combined company, whilst current Albertsons shareholders will own a stake from 70.4 percent to 72 percent in the combined company, upon the closure of the merger. “The combination will provide …
Bonduelle, the leading global vegetable firm, has announced an agreement to acquire the Del Monte processed fruit and vegetable business in Canada for a total value of C$43 million ($34 million). The deal with Conagra includes the right to use the Del Monte brand in different segments of processed fruits and vegetables but excludes all industrial and personnel assets. In a statement, Bonduelle said the acquisition “will complement Bonduelle Americas …
Tcho, a chocolate maker based in California, USA, has announced that it is to be acquired by the Japanese food giant Ezaki Glico. Previously owned by investment fund Emil Capital Partners, Tcho describes itself as a “premium” chocolatier “known for its bold packaging designs, innovative supply chain, and playful flavors”. It also claims to be a pioneer in sustainable and ethical sourcing, partnering directly with farmers, cooperatives, and cocoa scientists from …
Private label manufacturer TreeHouse Foods has announced a further reduction in its production capacity with the closure of a snacks factory in Visalia, CA, USA. The announcement follows the recent decision by the firm to close its breakfast cereal plant in Battle Creek, MI. The Visalia plant closure, which TreeHouse Foods said was “consistent with the August 2017 announcement of TreeHouse 2020, the Company’s restructuring program”, will affect 294 employees. Production of pretzels …
PepsiCo, the soft drinks and snack foods giant, has announced a further investment in the packaged water category with the launch of Bubly, a new brand of flavoured sparkling drinks. Bubly “combines refreshing and delicious flavors with an upbeat and playful sense of humor […] while keeping it real with no artificial flavors, no sweeteners, and no calories”, PepsiCo said in a statement. Commenting on the launch, Todd Kaplan, vice …
Ice cream maker Ben & Jerry’s, a subsidiary of FMCG multinational Unilever, has announced the launch of Moo-phoria, a range of ice cream that is described as low in both calories and fat. Advertised as ‘ice cream without compromise’, the Moo-phoria line is available in the USA in the varieties Chocolate Milk & Cookies, Caramel Cookie Fix and PB Dough, while in the UK the brand is being launched in the …
TreeHouse Foods, a maker of private label food and beverages, has announced plans to close the remaining operations at its facility in Battle Creek, MI, USA. TreeHouse Foods first announced plans to downsize the Battle Creek facility in November 2016. Now, after a first phase of downsizing, the company said it had concluded that it would not be economically viable to maintain operations in the facility and has thus announced …
Albertsons, the US grocery retailer, has announced the opening of a new store concept called Market Street Idaho, to be launched in two locations in the Boise, ID area. According to the company, the new banner will introduce a unique shopping and culinary experience for foodies, inviting customers to “Eat Life Up”. Susan Morris, EVP and chief operations officer of Albertsons Companies, said: “Market Street Idaho was created by a …
Kroger, the US grocery retailer, has announced it has reached an agreement to sell its convenience store business to UK forecourt retail firm EG Group for $2.15 billion. Kroger’s convenience store business operates in 18 states of the USA and includes 66 franchise operations. The stores employ 11,000 associates and operate under the names Turkey Hill, Loaf ‘N Jug, Kwik Shop, Tom Thumb and Quik Stop. Kroger’s convenience store business …
Global fruit and vegetable firm Fresh Del Monte has announced a definitive agreement to acquire Mann Packing, a leading marketer of fresh and value-added vegetable products in North America, for approximately $361 million in cash. Established in 1939 and based in Salinas, CA, Mann Packing is a leading grower, processor and supplier of fresh vegetables, including washed and ready to eat fresh-cut vegetables, snack packs and party trays, and washed …
Stryve Foods, a meat snacks start up, has announced that it has acquired the assets of Biltong USA, a manufacturer of African-style meat snacks. Described as one of the first USDA approved biltong manufacturers in the USA, Biltong USA produces sliced beef biltong, droewors and other related products in a range of 16 flavours. Stryve Foods said that the acquisition was a significant move for it to become the number one name in …
Hostess Brands, the US bakery manufacturer owned by Gores Holdings, has announced that it has acquired a number of assets from rival Aryzta as it looks to strengthen its hand in the breakfast foods space. The deal includes one of Aryzta’s Chicago Cloverhill bakery facilities (the largest individually-wrapped Danish pastry facility in North America), the Big Texas and Cloverhill brands and also supply partnerships with several key retailers of Hostess …
Dr. Oetker, the leading manufacturer of frozen pizza, desserts and baking mixes, has announced plans to close its pizza manufacturing facility in Grand Falls, Canada by the end of May. In a statement, the company said: “The retail food climate in which Dr. Oetker operates has become increasingly challenging in recent years both in terms of price and cost, adding significant additional pressures in the manufacturing environment”. 70% of Grand …
Coffee firm Keurig Green Mountain and soft drink company Dr Pepper Snapple have announced that they have entered into a definitive merger agreement to create a new combined company called Keurig Dr Pepper. Under the terms of the deal, Dr Pepper Snapple shareholders will receive a dividend of $103.75 per share (a total cash payment of $18.7 billion), and retain 13% of the combined company. Commenting on the deal, Keurig …
US food manufacturer Campbell Soup has announced the closure of it manufacturing facility in Toronto, Canada as part of a “previously-announced cost savings initiative”. According to a company press release, the decision was taken to improve the operational efficiency of Campbell Soup’s North American thermal supply chain network and eliminate overcapacity in response to declining volume sales in canned soup. Campbell Soup said it would now move its headquarters and commercial …
US based personal care firm Kimberly-Clark has announced plans to restructure the business, including reorganizing its manufacturing operations. Announcing the move alongside its annual financial statements, the Huggies and Kotex brand owner said it intended to cut around 5,500 jobs and to close 10 manufacturing plants as part of the restructuring process. The firm said this would be done in order to reduce the company’s structural cost base by streamlining …
Evolve Brands, a recently established health-focused snack holding company, has announced that it is has agreed to acquire the snack brands Gorilly Goods and Supernola, with the aim of consolidating the two businesses under one umbrella. Founded in 2012, Gorilly Good produces organic, raw and on-the-go snacks that come in both savoury and sweet flavours, made with non-GMO ingredients such as seeds, fruit, nuts and greens. Supernola, meanwhile, produces four …
Bacardi, the world’s largest privately-held spirits company, has announced that it is to acquire 100% of tequila firm Patron for an enterprise value of $5.1 billion. Bacardi had previously acquired a minority stake in Patron in 2008. The deal is set to make Bacardi the number one spirits player in the super-premium segment in the US, as well as the second largest spirits player in the country by value market share, …
The Nature’s Bounty Co, a manufacturer of nutrition products, has announced that it has acquired snack bar brand The Best Bar Ever. Terms of the deal were not disclosed. According to The Nature’s Bounty Co, The Best Bar Ever offer “real ingredients – no fillers or sugar alcohols, and are designed to contain an ideal blend of quality fats, carbs, and proteins in balanced ratios”. They are available in the health and fitness …
Edgewell Personal Care, a US-based manufacturer of shave, sun, skin and feminine care products, has announced an agreement to acquire Jack Black, a luxury male grooming company. Founded in Dallas, TX in 2000, Jack Black is described as the number one brand in the US men’s prestige skincare market and offers a product range spanning skincare, body care, shaving, hair care, fine fragrance, razors, and gift sets. Commenting on the deal, Edgewell …
FMCG multinational Nestle has announced that it has reached an agreement to sell its US confectionery unit to the Italian firm Ferrero for $2.8 billion. The Swiss giant first announced it was conducting a “strategic review” of its confectionery operations in the second quarter of 2017. Since then, the firm has been seeking to refocus its M&A activity on the health & wellness space, as well as high-growth segments such as …
US soft drinks giant Coca-Cola is seeking to reinvigorate its Diet Coke brand with a new design and four flavoured varieties. “Re-launching with a bold new look [and] a fresh attitude”, Diet Coke will now be sold in a silver-colour 12 fl oz “sleek cans” featuring a vertical stripe of colour through the centre. The four flavours being introduced are Ginger Lime, Twisted Mango, Zesty Blood Orange and Feisty Cherry, …
Constellation Brands, the leading wine, beer and spirits firm, has announced that it is taking a majority stake in US-based craft distiller Copper & Kings. Based in Louisville, KY, Copper & Kings produces a range of “untraditional, non-derivative” spirits including apple and grape brandies, absinthe, gin and liqueurs that are said to be non-chill filtered with no added colours, flavours or synthetic chemicals. In a statement, Constellation Brands said: “The collaboration …
DoseBiome, a start-up firm based in Toronto, Canada has released a new ready to drink tea drink named Qii that is claimed to have oral care benefits. According to company information, Qīī combats the food sources of “bad bacteria” and “keeps mouths healthy between morning and night”. The product is described as containing XyVita, a xylitol-containing formulation that works by reducing acidity and risk of tooth decay. Qii Oral Care …
Cargill, the commodities giant, has announced that it has acquired Pro-Pet, a dog food manufacturer based in Ohio, USA. Pro-Pet productes private label and co-manufactured pet foods, including the premium-positioned brand Black Gold. The firm has more than 150 employees and operates pet food manufacturing facilities in Owatonna, MN, St. Marys, OH and Kansas City, KS. Commenting on the deal, Cargill Feed and Nutrition president Pilar Cruz said: “Pro-Pet’s commitment to high-quality, …
John Soules Foods, a manufacturer of processed meat products, has announced that it is to expand its production capability with the opening of its third manufacturing plant, based in Valley, AL, USA. The 266,000 sq ft facility will be built over three phases, the company said in a statement. In total 510 employees are expected to join the business and a total of $110 million is set to be invested. …
Conagra Brands, the US packaged foods firm, has announced that it has reached a deal to acquire Sandwich Bros of Wiconsin, a manufacturer of frozen convenience breakfast foods and flatbread sandwiches. Terms of the deal were not disclosed. Sandwich Bros.of Wisconsin’s offers “snack meals” such as chicken melts and cheeseburgers, as well as flatbread pocket sandwiches filled with cheese, egg, turkey, beef and sausage. The family-owned firm achieved approximately $60 million in …
FMCG giant Unilever has announced that it has reached an agreement to acquire US based personal care company Schmidt’s Naturals for an undisclosed sum. Schmidt’s Naturals is an Oregon-based company that produces personal care products such as deodorant, bar soap and toothpaste. According to a Unilever press release, Schmidt’s Naturals aims to make natural products accessible to everyone and produces award-winning deodorant formulas derived from plants and minerals. “Schmidt’s Naturals …
Hershey, the US confectionery firm, is taking its first significant step beyond the chocolate category with the acquisition of snack food firm Amplify Snack Brands for $921 million. The deal “strengthens Hershey’s position in the snacking aisle and broadens its portfolio of innovative savory snacking brands”, the company said in a statement. The Amplify Snack Brands portfolio includes SkinnyPop popcorn, Paqui tortilla crisps, Oatmega protein bars and Tyrrells potato crisps. Commenting on the …
Campbell Soup, the leading US food manufacturer, has announced that it has entered into an agreement to acquire snacks firm Snyder’s-Lance in a deal worth $4.87 billion in cash. The deal, described as the largest in Campbell Soup’s history, is expected to create a combined entity with annual net sales in excess of $10 billion. Snyder’s-Lance is a major snack food firm that is said to have leading market positions in categories …
Becle, the owner of the tequila brand Jose Cuervo, has announced that it is to acquire whisky brand Pendleton Whisky from spirits firm Hood River Distillers in a deal worth $205 million. Launched in 2003, Pendleton Whisky is described as one of the leading super-premium whisky brands in the USA and has an annual sales volume equal to more than 250,000 nine litre case equivalents. In addition to the flagship Pendleton Whisky, the firm …
John B Sanfilippo, a US nut snacks firm, has announced that it has acquired roasted nut and snack mix firm Squirrel Brand for $31.5 million. Squirrel Brand is described as one of the leading suppliers of roasted nuts and snack mixes under the Squirrel Brand and Southern Style Nuts brands. Products are sold through grocery chains, warehouse clubs and mass merchandisers, in addition to a number of other channels. Squirrel Brand is reported as posting net sales …
Atrium Innovations, a Canada-based health products firm, is to be acquired by Swiss FMCG giant Nestle for $2.3 billion in cash. The firm, which describes itself as “a world-wide leader in nutritional supplements and one of the fastest growing companies in the industry globally”,will be acquired by Nestle from a group of investors including a company backed by the Permira Funds, Fonds de Solidarite FTQ and Caisse De Depot Et …
Maple Leaf Foods, a Canadian manufacturer of meat products, has announced the signing of a definitive agreement to acquire plant-based protein firm Field Roast Grain Meat for $120 million, plus related costs. Field Roast Grain Meat is described by Maple Leaf Foods as a leading brand of premium grain-based ‘meat’ and vegan cheese products, with annual sales of approximately $38 million. Based in Seattle, USA, the firm manufactures lines of …
Global food giant Mars has purchased a minority stake in New York, USA based snacks manufacturer Kind. Announcing the move in a statement, the two firms said that Kind would continue to be operated independently in New York by its majority shareholders, founder and CEO Daniel Lubetzky and its management team, whilst Mars would support the company to expand outside of the USA and Canada. Grant F Reid, chief executive …
US-based Romana Food Brands, formerly known as Blackbird International, has acquired Canada-based pasta maker Pasta Romana for an undisclosed amount. Through the operation, Romana Food Brands said it was shifting its business to focus on the $98 billion Canadian food processing sector. Founded in 1996, Pasta Romana manufactures products such as fresh pasta, fresh filled pasta, sauces and pestos, with current production capacity of 2,000kg of pasta and 1,000 litres …
Arca Continental, described as Latin America’s second-largest Coca-Cola bottler, has announced the acquisition of US snacking firm Deep River Snacks for an undisclosed sum. The Mexican firm, which also owns the Wise Snacks, Bokados and Inalecsa brands, said that by expanding its portfolio it would “capture both the conventional and growing better-for-you segment within the snack category”. Deep River Snacks is said to be known for its colourful kettle-cooked potato …
7-Eleven, the global convenience store chain, has announced the launch of its first private label cosmetics brand under the name Simply Me Beauty. Promising “cosmetic convenience”, the new brand range is described as “an affordable, fashion-forward line of makeup” targeting millennial women. According to 7-Eleven, the new products were “created for busy millennial-aged women looking for their makeup and accessory must-haves while taking care of business, family and themselves” and are …
Unilever, the FMCG multinational, has announced the expansion of its personal care portfolio with the acquisition of New York, USA based toiletries firm Sundial Brands for an undisclosed sum. Announcing the move in a statement, Unilever said that the move would “accelerate[] […] category growth by addressing under-served needs of multicultural and millennial consumers”. Founded in 1991, Sundial Brands manufactures haircare and skincare products predominantly focusing on the needs of consumers …
France-based dairy and drinks multinational Danone has invested in Kona Deep, a Hawaiian ocean bottled water that is claimed to be naturally rich in electrolytes. The company has taken a minority stake in the firm via its venture arm Danone Manifesto Ventures, participating in Kona Deep’s $5.5 million financing round, which includes Grand Crossing Capital and other Hawaiian investors. Kona Deep is described as offering a premium pure water with unique properties, …
Procter & Gamble, the US-based consumer goods giant, has acquired the direct-to-consumer personal care firm Native Deodorant, according to a report in the Cincinnati Business Courier. Financial terms were not disclosed, but the deal is reported to have been completed for around $100 million in cash. Native is promoted as “deodorant that isn’t a chemistry experiment”, and in particular is claimed to be free from aluminium and parabens, instead being …
LVMH, the high-end wine and spirits firm, has announced the acquisition of a 60% stake in California-based winery Colgin Cellars. Founded by Ann Colgin in Napa Valley 25 years ago, Colgin Cellars is noted for wines such as Tychson Hill Cabernet Sauvignon, Cariad Napa Valley Red Wine, IX Estate Napa Valley Red Wine and IX Estate Syrah. According to the company website, “Colgin Cellars produces exquisitely handcrafted red wines using only the finest neo-classical winemaking …
US health and beauty retailer Cosmetics LK has announced the acquisition of Prolana, a nail care firm, for an undisclosed sum. Founded and launched in 2007, Prolana markets its flagship Nail Optimizer brand as a one-step solution for restoring and strengthening thin, brittle nails. Cosmetics LK said it had “bold plans” to develop the Prolana product range in 2018 by committing additional resources to research and development. Cosmetics LK is an e-commerce retailer …
PepsiCo, the food and beverage giant, has announced the launch of a new salted caramel flavour for its Pepsi cola. The flavour extension is part of a new lineup of festive products aimed at “delivering bold and cheerful holiday flavors that will satisfy everyone in the room”, according to a press release from the company. The new salted caramel flavour is promoted as “an indulgent new, limited-time flavor which blends …
Milestone Brands, a US spirits brand created in 2016, has announced the acquisition of the rights to the Naranja liqueur brand from Pura Vida Spirits. Naranja is an orange liqueur described as having being distilled in Mexico since 1933. Milestone Brands said it intended to relaunch the brand in January 2018, with production to be handled by La Madrilena, a Mexican corporation and brand owner of Controy, original creators of …
Goya Foods, the leading US manufacturer of Hispanic food products, has announced the expansion of its facility in Brookshire TX to “support growing consumer demand” for its products. The 324,000 sq ft expansion will include production and distribution warehousing, production offices and auxiliary buildings. Goya said the investment would help it reach new consumers and strengthen the Goya brand throughout the USA and internationally includingin Latin America, the Caribbean, Europe, Africa and Asia. Commenting on the move, Goya …
Ferrero, the Italian chocolate spread and confectionery firm, has announced the debut of its Kinder brand in the USA with the launch of chocolate novelty Kinder Joy. Kinder Joy is described an egg-shaped product containing sweet milk-cream flavour and cocoa flavours in one half, and a toy in the other. Currently sold in 170 countries, the Kinder brand offers a range of confectionery products that includes chocolate bars and surprise-filled treats. Commenting on …
Evans Food Group, a US snack maker, has announced the acquisition of fellow pork crackling manufacturer Gaytan Foods for an undisclosed sum. Founded in 1935 and headquartered in City of Industry, CA, Gaytan Foods is described as a leading producer of pork rinds on the west coast of the USA. The firm’s product line includes fried pork rinds, pickled snacks and wheat snacks. In a statement, Evans Food Group said …
Stoli Group, part of the leading wine & spirits firm SPI Group, has announced the construction of a new “bourbon destination” in the US state of Kentucky, comprising a “state-of-the-art distillery and unprecedented visitor center”. The new 420 acre facility is being built to support the Kentucky Owl bourbon brand that was added to the Stoli Group portfolio earlier in 2017. The site will also include a bottling facility and rickhouses in which the …
US retail giant Walmart has announced the launch of a new Italian food range, introduced under the Sam’s Choice Italia brand name. According to Walmart, the range was developed in partnership with the Italian Trade Agency and features 40 products, including ready meals, bagged pastas, pesto and pasta sauces, canned tomatoes, balsamic vinegar and frozen pizzas. Jack Pestello, senior vice president, Private Brands at Walmart said: “Teaming up with the …
Dairy Farmers of America (DFA), the leading US dairy co-operative, has announced that it has acquired dairy processor Cumberland Dairy for an undisclosed sum. Located in Bridgeton, NJ, Cumberland Dairy manufactures ultra-pasteurized dairy products including milk, cream, milk cream, dessert mixes and non-dairy creamers. The firm supplies retail chains, convenience stores, wholesale food distributors and restaurants, predominantly on a private label basis but also through its FreshLife brand. Commenting on the news, …
The US arm of FMCG multinational Nestle has announced the acquisition of Chameleon Cold-Brew as part of a strategy to diversify its coffee portfolio. Chameleon Cold Brew is described as premium crafted organic coffee, sourced consciously and sustainably grown. The firm offers ready-to-drink cold-brew, cold-brew concentrate, kegs, cold brew kits and whole bean coffee. The move follows Nestle’s acquisition of speciality coffee roaster Blue Bottle Coffee, which was announced in …
Anglo-Dutch consumer giant Unilever has announced an agreement to acquire the Tazo tea brand from Starbucks for $384 million. According to a company statement, Tazo had sales of $112.5 million in the past year and enjoys a strong position in specialty black, green and herbal teas, as well as liquid concentrates such as chai latte. “With its strong appeal to millennials, Tazo is a perfect strategic fit for our US …
Canadian dairy company Saputo has signed an agreement to acquire US goat’s cheese manufacturer Montchevre. The announcement comes around a week after the firm announced it had agreed to acquire Australian dairy firm Murray Goulburn in a billion-dollar deal. Monthchevre has a facility in Belmont, Wisconsin, with 320 employees involved in the manufacture, marketing and distribution of goat cheese in the USA. Montchevre president Arnaud Solandt commented: “The decision to proceed with the sale …
US food company Hormel has announced the acquisition of the deli meat and salami maker Columbus Manufacturing for approximately $850 million. This purchase positions Hormel Foods “as a total deli solutions provider” enhancing its portfolio of brands such as Hormel, Jennie-O, Applegate, and Di Lusso, the company said in a statement. Columbus is capitalizing on one of the fastest-growing areas in the retail grocery store with premium, authentic and on-trend …
US retail and wholesale firm Supervalu has reached a merger agreement to acquire food retail distribution company Associated Grocers of Florida, for the sum of $180 million. According to Progressive Grocer, the deal will enable Supervalu to expand to new parts of Florida and leverage Associated Grocers of Florida’s large customer base in South Florida, the Caribbean, Central and South America and Asia. Associated Grocers of Florida operates two distribution …
DanoneWave, the business unit of dairy and drinks giant Danone in the USA, has announced it is to invest $60 million in a plant-based beverage facility in Virginia. The company will add production capacity and will expand the warehouse at the Mt Crawford facility, generating 46 new jobs. DanoneWave was formed following the acquisition of WhiteWave Foods by Danone for $12.5 billion and is now the largest public benefit corporation …
Pennsylvania-based food marketer and manufacturer Utz Quality Foods has announced the acquisition of troubled snack maker Inventure Foods for $165 million. Inventure Foods, the owner of snack brand Boulder Canyon, had previously been attempting to tackle its substantial debt burden by offloading a number of business, including the sale of its frozen business to Oregon Potato Company in September. The residual Inventure Foods business manufactures snacks including potato chips and …
Ferrara, a US confectionery firm, is set to close its plant in Creston, IA with the loss of 250 jobs, according to a report in the Des Moines Register. Ferrara manufactures products under a total of 16 brands, including Trolli, Lemonheads and RedHots, with a focus on gummy confectionery. The company is reported as saying that the “difficult decision” to close the plant followed a “comprehensive review” of its operations. …
Cereal and snacks giant Kellogg has announced the acquisition of Chicago Bar Company, the manufacturer of the RXBAR brand of nutrition bars. RXBAR, described as the fastest growing nutrition bar brand in the US, is promoted as a clean-label snack bar made from egg whites, fruit and nuts, containing 12g of protein per serving. 11 different varieties are available, alongside seasonal and time-limited flavours and a newly launched line targeting children. Commenting on the deal, Kellogg …
Coca-Cola, the global soft drinks firm, has announced the acquisition of the Mexican sparkling mineral water brand Topo Chico. The acquisition has been made via the firm’s Venturing & Emerging Brands (VEB) unit, and will integrate Topo Chico into the portfolio of Cola-Cola brands. Topo Chico has been bottled in Cerro del Topo Chico, Monterrery since 1895 and is sold in Northem Mexico and the USA. Matt Hughes, VP of emerging …
Jet.com, the e-commerce retailer acquired by retail giant Walmart in 2016, is to launch a line of own brand grocery products under the name Uniquely J, according to a report in the New York Post. The move comes as e-commerce rival Amazon steps up its activities in the FMCG space, including launching its own line of private label grocery products in 2016, and most recently acquiring the retail chain Whole Foods Market in …
SunOpta, a Canadian company focused on organic, GM-free and speciality foods, has announced that it is exiting the nutritional snack bar business with the cessation of operations at its facility in Carson City, NV, USA. Nutrition bars accounted for $13 million of SunOpta’s revenue in fiscal 2016, and $11 million of revenue during the first half of 2017, the company said, noting that the discontinuation of the bar product lines was expected …
Nestle Purina, the pet care arm of the Swiss FMCG giant, has announced a $320 million investment in the construction of a new manufacturing plant and distribution centre in Hart County, GA, USA, the first new Purina factory to be built in the US in more than two decades. The company said it intended to create over 240 new jobs and to close on the property later in theyear, contingent on …
FMCG multinational Unilever has launched Lipton Wellness, a new range of tea described as being made with botanicals and blended with essential oils. The new range, which is being launched in the US, comes in five varieties: Stress Less, a herbal infusion made of cinnamon, chamomile and lavender; Detox, featuring dandelion, nettle and grapefruit; Soothe Your Tummy, with ginger, peppermint and fennel; Bedtime Bliss, featuring chamomile, mint and orange peel; …
McCall Farms, a US producer of fresh canned vegetables and fruit, has signed an agreement with fruit firm Del Monte Foods to acquire Sager Creek Vegetable Company, according to a report in Food Business News. Financial terms of the transaction were not disclosed. The agreement is set to bolster the McCall Farms portfolio with retail and foodservice brands such as Popeye, Veg-all, Princella, Allens, Freshlike and Trappey’s. Woody Swink, co-president …
Premium Brands, a Canadian producer of branded speciality food products, has announced the acquisition of a 100% stake of Ontario-based Leadbetter Foods, a meat products firm. Leadbetter Foods manufactures bacon, fresh and frozen burgers and portion cut steaks which it markets under brands such as Cowboy Burgers and Cowboy Steaks, and has annual revenues of $55 million. The firm operates two production facilities, including a modern 47,000 sq ft custom …
Post, the US breakfast cereal firm, has announced that it is expanding its presence in chilled and frozen foods with the acquisition of Bob Evans Farms for an equity value of approximately $1.5 billion. The firm said the deal would add a highly complementary portfolio of brands to its product range, including a leading brand in refrigerated side dishes. Bob Evans Farms is a leading producer and distributor of refrigerated potato, …
Inventure Foods, the US food manufacturer, has announced the divestment of its frozen division in its latest bid to reduce its debt burden. The firm announced it had entered into a definitive asset purchase agreement for the sale of its frozen business including the Rader Farms and Willamette Valley Fruit Company brands, as well as certain assets, rights and properties related to its frozen fruits, vegetable blends, beverages, and frozen …
FMCG giant Nestle has announced that it has taken a majority stake in Blue Bottle Coffee, a speciality coffee roaster and retailer based in Oakland, CA, USA. Nestle describes Blue Bottle Coffee as a “high end” firm that “has achieved iconic status amongst discerning coffee drinkers”. Blue Bottle Coffee markets a range of ready-to-drink and roast and ground coffee, sold online and in retail stores. The firm also operates a network …
Frito-Lay, the snacks division of food and beverage multinational PepsiCo, is aiming to reach out to new audiences with the launch of organic Doritos tortilla chips. According to a report in the Chicago Tribune, the move is part of a strategy to identify Frito-Lay brands as being more natural and healthy. Organic Doritos are being introduced under the Simply banner – a product range that includes Cheetos, Doritos, Lay’s and …
The US arm of FMCG multinational Nestle has announced that it has agreed to acquire Sweet Earth, a plant-based foods manufacturer based in Moss Landing, CA, USA. Launched in 2011, Sweet Earth markets a range of frozen meals, burritos, breakfast sandwiches, and chilled plant-based burgers and proteins are sold in more than 10,000 stores, including independent natural grocers, Whole Foods, Target, Kroger and Walmart. Nestle said the acquisition gave it an …
US-based global fast-food chain McDonald’s has signed an agreement with soft drinks giant Coca-Cola to sell ready-to-drink McCafe Frappe beverages in retail stores. According to a Coca-Cola press release, the new coffee drink will be offered in Mocha, Caramel and Vanilla and sold in re-sealable 405ml PET bottles. Flagged as being made with “100% Arabica beans” and as having a “deliciously smooth taste”, the range will hit shelves in 2018. …
Eagle Foods, a US manufacturer of snacks and canned milk products, has announced the expansion of its snack range with the acquisition of popcorn maker Popcorn Indiana. Popcorn Indiana is a leading brand in the ready-to-eat popcorn category, with a broad range of “classic” varieties as well as a line of “indulgent” flavours under the Drizzlecorn name. Eagle Foods said Popcorn Indiana would strategically complement Eagle Foods’ GH Cretors brand and private …
Multinational retailer Walmart has announced that it is to launch a service enabling consumers to order products via Google Express, technology giant Google’s e-commerce platform. Writing in the New York Times, Marc Lore, Walmart US president & CEO of e-commerce, said the firm would be working with Google to offer hundreds of thousands of items via Google Assistant, a service that permits ordering use voice recognition technology. “Our new voice shopping …
Nippon Flour Mills-owned pasta maker Pasta Montana has added a $6.5 million processing line at its 91,000 sq ft Great Falls site in Montana, USA. The new line is said to achieve a 28% increase in pasta production capacity from 55 to 80 million pounds annually. It will enable the handling of 4,850 pounds of pasta per hour and can operate round the clock. The number of staff employed could also increase …
Canadian energy drink company Guru Energy is to launch Organic Lite, a new version of its namesake energy drink that is said to be sweetened with monk fruit. Organic Lite is described as being infused with green tea, echinacea, ginseng, guarana, stevia and lemon juice. It contains 20 calories and is claimed to be organically certified, as well as gluten free and vegan. “We are proud to offer Canadian consumers certified …
Hormel Foods, a US food company based in Austin, TX, has acquired Brazilian meat processor Cidade do Sol for approximately $104 million. According to a company press release, the acquired business will become a part of Hormel Foods’ International business unit, providing an initial entry into the Brazilian market and serving as a platform for future growth in South America. Jim Snee, president and chief executive officer of Hormel Foods said: “Strategic …
Coffee supplier and distributor Farmer Brothers is to acquire all assets of Boyd Coffee Company, a provider of coffee, tea and other beverages, accord to a report in Food Business The purchase consists of up to $42 million in cash and 21,000 shares of a new series of preferred stock, making an estimated total price of $58.6 million. The acquisition is expected to be completed in 12 to 18 months. Founded …
Global food company Flagship Food has acquired the Glutenfreeda brand for an undisclosed amount. The Glutenfreeda range focuses on gluten-free products, including oatmeal, granola, flatbread, tortillas, burritos, sandwich and wraps. As part of the deal Flagship Food will take over operations in Gletenfreeda’s facility in Burlington, WA. Yvonne Gifford, founder and chief executive officer of Glutenfreeda, commented: “We have great products and great customers. What we needed was a great …
B&G Foods has entered into an agreement to acquire snack company Back to Nature Foods for approximately $162.5 million in cash. Back To Nature Foods specializes in ‘better-for-you’ products. Its product range encompasses cereal, biscuits, crackers, nuts and soup Robert C Cantwell, president and chief executive officer of B&G Foods, commented: “We are very pleased to add Back to Nature to the B&G Foods family of brands. Consistent with our …
Royal Cup, an importer and roaster of specialty coffees and teas, has announced the acquisition of Richgood Gourmet, a manufacturer of cold-brew coffee and owner of the Icebox Coffee brand. The founder of Icebox Coffee, Bebe Goodrich, will remain in the company as director of liquid product innovation, leading new product development. Royal Cup’s CEO Bill Smith said: “Combining forces to expand our cold-brew offering and improve our ready-to-drink product mix …
Gallo Winery, a wine, spirits and FAB producer, has announced the acquisition of Germain-Robin, a luxury brandy from California, USA. The deal includes the Germain-Robin brand, inventory of aged and aging brandies and all finished products. Founded by Ansley Coale and Hubert Germain-Robin, Germain-Robin is claimed to have innovated by blending cognac traditions and techniques with California winemaking and premium grapes. Ernest J Gallo, general manager of Gallo’s Spirits said: “We are …
Mars, the global food giant, has announced that it has signed a definitive agreement to acquire Preferred Brands, which makes ready-to-heat Indian and Asian foods primarily marketed under the Tasty Bite brand. The Tasty Bite portfolio includes a wide range of vegetarian offerings, including ready meals, meal kits, and organic rice and lentils. While the majority of sales are generated in North America, Preferred Brands also supplies retailers in the UK and Australia and foodservice …
Smithfield Foods, the leading US pork producer, has announced that it has reached a deal to acquire Kansas City Sausage Company, a contract manufacturer of sausages for private label clients. The move follows a 50:50 joint venture signed between the two companies in 2013. Kansas City Sausage Company has operations in Des Moines, IA and Kansas City, MO. In Des Moines, the company produces raw materials for sausage, as well as …
TreeHouse Foods, a maker of private label food and beverages, has revealed plans to downsize its operations by closing facilities in Brooklyn Park, MN and Plymouth, IN, as well as by removing non-peanut packaging operations from its plant at Dothan, AL. The move is set to affect about 375 workers. Own Brands Now reports that the closures follow lower than expected results since TreeHouse Foods’ acquisition of food manufacturer ConAgra’s …
Constellation Brands, the leading wine, beer and spirits firm, has announced the acquisition of Florida-based craft brewer Funky Buddha. Funky Buddha is described as the fastest growing craft brewery in Florida, with brands including Floridian Hefeweizen and Hop Gun IPA. The firm’s 54,000 sq ft brewery has a capacity of 45,000 BBLs, and is said to be South Florida’s largest craft microbrewery by size and volume. Funky Buddha will join Constellation Brands’ Craft & …
Flowers Foods, the US bakery business, has revealed plans to close a production facility in Winston-Salem, NC “to improve the profitability of its Warehouse segment”. The move was announced in a statement of Q2 results, with the firm saying that “sweet baked goods production will shift to more efficient Flowers’ snack cake bakeries”. According to Triad Business Journal, company officials noted that the “major reasons for this business decision are …
Snyder’s Lance, the US snacks firm, has announced the closure of a snack plant in Perry, FL as part of a “performance transformation plan”. As part of a move to “optimize the Company’s global manufacturing network”, the firm said that the plant was expected to close by September 2017. “This decision is intended to enable the Company to more effectively utilize the capacity of its remaining chips plants and re-allocate resources …
Japanese pharmaceutical company Otsuka Pharmaceutical has announced the acquisition of plant-based food company Daiya Foods for C$405 million ($325 million). Daiya offers “high-quality, unique plant-based nutrition products” that are described as free from seven mayor food allergens, including soy, gluten and dairy. The acquisition, according to an Otsuka spokesman, expands Otsuka’s product portfolio, while helping Daiya to increase its presence throughout North America and beyond. Terry Tierney, CEO of Daiya …
Canadian meat processor Olymel has announced plans to invest C$8.1 million ($6.46 million) to expand its La Fernandiere plant in Trois-Rivieres. According to sources, the plant’s surface area will be doubled from 24,000 sq ft to more than 45,000 sq ft, increasing capacity for production operations and warehousing as well as the installation of an additional line and new storage and shipping areas. A fifth production line will be reconfigured …
Global beverage giant AB InBev has announced the acquisition of leading organic drink maker Hiball Energy, which produces energy drinks under the Hiball Energy brand and sparkling juices and sparkling waters under the Alta Palla brand. The acquisition, which will expand AB InBev’s presence in the non-alcoholic drinks sector, is aimed at supporting Hiball Energy and its brands through brand-building experience, access to a wholesaler network and operational expertise. Hiball’s energy drinks and sparkling …
Alcohol beverage maker Agave Loco has announced a new line of ready-to-drink alcoholic iced coffee under the FrappaChata brand name n the USA. The arabica and robusta based coffee drinks, blended with RumChata cream liqueur, offer “a rich, dark roast coffee flavour highlighted by the sweet smooth taste of RumChata”, and are claimed to be “the first and only premium product on the market”. RumChata founder Tom Maas said: “FrappaChata …
Schwan’s Company, the US frozen food firm, is stepping up its presence in the pizza space with the acquisition of Better Baked Foods and Drayton Foods, both subsidiaries of NE Foods. The move comes less than two months after the firm reached a deal to acquire pizza firm MaMa Rosa’s. Better Baked Foods makes pizza, French bread pizza and sandwich items for private label customers and foodservice venues, and offers retail brands …
McCormick, a US manufacturer of spices, herbs, and flavourings for retail, commercial, and industrial markets has signed an agreement to buy the food division of Reckitt Benckiser (RB), the British multinational consumer goods company, for $4.2 billion. “RB Foods’ focus on creating products with simple, high-quality ingredients makes it a perfect match for McCormick as we continue to capitalize on the growing consumer interest in healthy, flavorful eating,” commented Lawrence …
US-based dairy manufacturer HP Hood has acquired a 360,000 sq ft dairy facility in Batavia from Dairy Farmers of America, the latter having purchased the plant for $60 million from Muller Quaker Dairy when the venture closed in 2015. It is claimed that the total investment will be more than $200 million, including a purchase price of $54 million for the plant. Approximately 230 jobs are expected to be created as a …
UScereal firm Guenther & Son has acquired frozen meal and snack company Les Plats Du Chef . Financial terms of the transaction were not disclosed. Based in Montreal, Les Plats Du Chef operates two facilities in Montreal and Toronto. It produces soups, dips, empanadas, oatmeal and other foods under the Cuisine Adventures brand name. It also manufactures private label products and supp the food service industry under the Thyme & Truffles brand. …
US food and drink company Campbell Soup has entered into agreement to acquire Pacific Foods for $700 million in cash. Founded in Oregon in 1987, Pacific Food has approximately 540 employees and operates a certified organic plant. Following the acquisition, Pacific Food will become part of Campbell Soup’s Americas Simple Meals and Beverages division. Denise Morrison, Campbell’s president and chief executive officer, commented: “This acquisition is consistent with our purpose, …
Dean Foods, one of the American leading food and beverages companies, has acquired Uncle Matt’s Organic, a producer of organic beverages where the financial terms were not disclosed. Founded in 1999, and located in Florida, Uncle Matt’s Organic makes organic fruits and juices, including probiotic-infused juices and fruit-infused waters. After the acquisition, the company will operate as a subsidiary of Dean Foods. “Our mission has always been to produce the …
Kraft Heinz, one of the world’s largest food and beverage firms, has announced an agreement to sell its cheese plant located in Campbell, NY, USA to Upstate Niagara, a dairy farmer cooperative. The deal, expected to be completed within the next 30 to 60 days, is said to see employment at the site increase to more than 150 jobs over the coming year. “As a dairy cooperative owned by farm families …
Global beverage giant Diageo has confirmed the acquisition of Casamigos, a “super-premium” tequila brand for $1 billion. Casamiro was founded in 2013, and is described by Diageo as the fastest growing tequila brand in the US, increasinb sales by 54% over the last two years. The transaction, where is expected to close in the second half of 2017, values the company at up to $1 billion. Diageo will pay $700 …
Unilever, the FMCG giant, has announced that it has signed an agreement to acquire Hourglass Cosmetics, a US-based manufacturer of colour cosmetics. Hourglass Cosmetics, which markets eye, lip and facial cosmetics, as well as the skincare brand Equilibrium, was founded in 2004 and promotes itself as being “at the revolutionary intersection of science, beauty and luxury”. The firm is “known for innovation, luxe packaging and exceptional product experience” and “acclaimed …
Kraft Heinz, one of the world’s largest food and beverage firms, has launched a new range of coffee that allows consumers to adjust the level of caffeine intake. Marketed under the Maxwell House brand name and available in the US, the Max Boost line offers three different levels of caffeine per cup – 1.25, 1.5 and 1.75 – “without changing the taste or how you prepare it”. According to Luke …
Cultivate Ventures, the strategic platform of Hain Celestial Group has signed an agreement to acquire bean-based manufacturer Better Bean, for an undisclosed amount. “Better Bean is well suited for the Cultivate Ventures portfolio given our focus on the perimeter of the store with our BluePrint functional beverages, Yves Veggie Cuisine vegetarian offerings and Health Valley refrigerated soup products,” commented on the acquisition Beena Goldenberg, chief executive officer of Cultivate Ventures …
US retail and wholesale firm Supervalu has completed the acquisition of wholesale grocery cooperative Unified Grocers for $390 million. The deal is comprised of $114 million in cash and $276 million for outstanding net debt. Supervalu has annual sales of about $13 billion, while Unified Grocers annual sales are approximately $3.8 billion. Mark Gross, president and chief executive officer of Supervalu commented: “The completion of this transaction is a significant step forward …
Cereal and snack firm Kellogg’s venture capital fund Eighteen94 Capital has made an investment in plant-based frozen smoothie maker Bright Greens. The $2 million raised is set to be used to scale up the business. Founded in 2015 by Brian Mitchell, Bright Greens aimed to make it more convenient for consumers to get their fruits and vegetables through smoothies that provide “a quick and delicious way of getting healthy fruits …
FMCG giant Nestle has revealed that it is considering the divestment of its confectionery brands in the USA, as part of a “strategic review” in the country. Announcing the move in a statement, the firm said that it would “explore strategic options for its US confectionery business, including a potential sale”, emphasising that the review covered the US market only and adding that it was “fully committed to growing its …
Nurtrinor, a Canada based agri-food cooperative, has acquired a majority stake in cheese specialist Fromagerie Champetre, company based in Repentigny in Canada. The acquisition, according to a company statement, is part of a three-year investment plan to strengthening Nutrinor’s position in the agri-food sector, enabling the cooperative to position itself on the dairy processing market outside the region. With the acquisition, Nutrinor will be able to transform more than 52 million …
US e-commerce giant Amazon has agreed to acquire the retailer Whole Foods Market for $13.7 billion including net debt. The acqusition is the latest in a series of significant moves by Amazon into FMCG retailing, including the opening of its first bricks-and-mortar grocery store in December of last year. According to Food Business News, the stores acquired by Amazon will continue to operate under the Whole Foods Market brand, maintaining …
Leading wine and spirits firm Pernod Ricard is to take a majority stake in Del Maguey Single Village Mezcal, a producer of artisanal and hand-crafted mezcals. Founded in 1995, Del Maguey Single Village Mezcal produces a range of hand-crafted mezcals from the Oaxaca region of Mexico. “We partnered with Pernod Ricard because they understand and appreciate our mission of preserving the culture of the Zapotec people and protecting the traditional process …
US meat processor Tyson Foods has concluded the acquisition of AdvancePierre for an approximate transaction value of $4.2 billion. With a workforce of 4,500, AdvancePierre makes snacks and ready-to-eat sandwiches, generating revenue of $1.6 billion in 2016. According to Tom Hayes, president and chief executive officer of Tyson Foods, the merger of Tyson and AdvencePierre Foods is expected to generate synergies of about $200 million during the next three years. …
US-based food producer JM Smucker has signed an agreement to acquire oil brand Wesson from Conagra Brands, in an all-cash transaction worth about $285 million. Under the new agreement, Conagra Brands will remain as the producer of the Wesson branded products and provide certain other transition services for up to one year. After this point, production will move into Smucker’s existing oil manufacturing facility in Cincinnati, OH, USA. “By allowing us …
Niagara Bottling, a leading bottled water manufacturer in the US, is set to invest $76 million in a new facility in Mesa, Arizona. The new 450,000 sq ft facility, which is expected to create between 45 and 55 new jobs, will be operational by 2018. “Niagara Bottling is a responsible, family-owned company that is committed to supporting our local community, our team members and our environment”, commented Brian Hess, Niagara …
US-based multinational beermaker Molson Coors has signed an agreement with multinational Dutch brewer Heineken for the import and distribution of the Sol brand in the US. The 10-year agreement will allow MillerCoors, the US division of Molson Coors, to import, market and distribute the Sol brand in the US market. According to a Foodbev report, the agreement givesboth companies the opportunity to focus on key areas of growth within their respective …
US frozen food maker Schwan’s Company has agreed to acquire pizza maker MaMa Rosa’s for an undisclosed amount. MaMa Rosa’s produces and sells refrigerated pizzas under the MaMa Rosa’s and Fight’n Tomato Pizza Co. brands, and operates a 160,000 sq ft facility in Sidney, OH “We are extremely excited to have MaMa Rosa’s join the Schwan’s family of businesses based on their reputation in our industry for delivering great quality …
Beam Suntory, the US spirits manufacturer,has partnered with White Coffee to create Jim Beam Bourbon Flavored Coffees, a line of non-alcoholic coffees. The new line, infused with 100% Arabica coffee, is said to feature “Jim Beam’s rich flavor, offering mellow hints of caramel and vanilla”. Five varieties will be available in stores nationwide from spring: Original, said to have a caramel and oaky vanilla flavour combined with a sweet, mildly …
US based retail giant Walmart has announced a one-year agreement with the Italian Trade Agency (ITA) to launch a new range of imported products from Italy under a new private label. According to European Supermarket Magazine (ESM), the new agreement will see the retailer will buy 16% more food and wine products from Italy per year, which means that exports from Italy to the USA will increase. Michele Scannaini, president …
FMCG giant Unilever is introducing a range of limited edition bottles under its personal care brand Dove as part of a marketing campaign to reinforce the brand’s celebration that beauty comes in many shades and shapes. The idea of the Real Beauty Bottles campaign is to allow women to buy the bottle that best mimics their body shape. “Every woman’s version of beauty is different, and if you ask us, these …
International frozen food giant McCain is investing $200 million to expand its production facility in Burley, Idaho, following previous investments in its facility in Florenceville in Canada as well as in Plover, Wisconsin, USA. The new expansion is said to be set to the lead to the creation o more than 180 new positions within the site, as well as increasing potato production of another 15,000 acres of potatoes to …
AB InBev, the global beer leader, has added to its business unit The High End with the acquisition of Wicked Weed, one of the leading producers of barrel-aged sour and wild beers in the southeastern United States. Based in Asheville, North Carolina, Wicked Weed Brewing was founded in 2012, since when the brewery has created over 500 different beers. “Our ability to create a wide range of really well executed …
FMCG multinational Unilever has announced the purchase of start-up company Sir Kensington’s, a condiment firm based in New York. Sir Kensington’s is described by Unilever as a pioneer and leader in condiments sold in the organic and natural marketplace, producing premium mustard, ketchup, mayonnaise and also a vegan mayonnaise called Fabanaine, made from aquafaba. Kees Kruythoff, President of Unilever North America said: “Sir Kensington’s is an innovative business with outstanding products …
Ansell, an Australian contraceptive manufacturer, is launching the world’s first condom to feature anti-viral technology, according to a report in Inside FMCG . The condom, launching in Canada, is marketed under the LifeStyles Dual Protect brand, and it was developed with the active ingredient VivaGel, which was created by Australian biotech firm Starpharma. The VivaGel ingredient is said to inactivate HIV (human immunodeficiency virus), HSV (herpes simplex virus) and HPV …
Coty, the leading fragrance and toiletries manufacturer, has announced that that it has entered into an agreement to acquire the exclusive long-term global license rights for Burberry Beauty luxury fragrances, cosmetics and skincare. “This strategic partnership combines Burberry’s British heritage of innovation, craftsmanship and design with Coty’s expertise and leadership in luxury beauty products”, the company said in a statement. Under the agreement, Coty said it would work in partnership with …
Star Snack, a US-based manufacturer and distributor of branded nuts, trail mixes & fried fruit, has announced plans to invest over $18 million to build a new facility in Macon-Bibb County, Georgia. The 200,000-sq-ft peanut roasting and packaging plant will reportedly generate 115 new jobs in sourcing, roasting, and distributing peanuts for private label customers including national and regional drug store chains, brand name retailers, supermarkets, and discount food retailers. …
New Age Beverages, a Colorado-based company manufacturing functional drinks under brands including Aspen Pure, Marley and Bucha, has announced the acquisition of Maverick Brands and its flagship coconut water beverages line Coco-Libre. Promoted as “organic coconut water with a purpose”, Coco-Libre is available in plain and pineapple-flavoured varieties. The lineup also includes protein drinks and sparkling coconut water beverages. New Age Beverages said that the acquisition filled an important gap …
301 INC, the business development and venturing unit of US food firm General Mills, has invested $3 million in Purely Elizabeth, a maker of organic granola, ready-to-eat cereal and oatmeal, according to a report in Food Business News. Founded in 2009, Purely Elizabeth has a portfolio of “innovative and nutrient-rich ingredients” including granola bars, ancient grain granola, probiotic granola, grain-free granola, oatmeal, muesli and cereal. All the firm’s products are …
Nutribolt, a Texas-based maker of sports nutrition products and functional foods, has acquired Scivation, a manufacture and supplies nutritional supplements, where the terms of the agreement were not disclosed. “We are excited to be teaming up with Scivation to bring to market the most comprehensive, innovative and proven line of pre-workout and BCAA products,” commented Nutrabolt CEO Doss Cunningham. Based in North Carolina, Scivation was founded in 2014, and is claimed …
France-based dairy and drinks multinational Danone will sell off its organic yoghurt business Stonyfield to facilitate the $10.4 billion acquisition of organic food producer WhiteWave Foods, according to a report in FoodBev The move to sell Stonyfield came after US anti-trust authorities are believed to have raised concerns about Danone’s future share of the organic dairy market. Stonyfield, which produces organic yoghurts, smoothies, frozen yoghurts and packaged milks, generated about …
Shamrock Farms, one of the largest family owned-and-operated dairies in the US, has announced the expansion of its production facility in Augusta County, Virginia. The expansion comes two years after the facility was first opened and will see production capacity more than double, the company said. Once the facility is finally completed by late 2018, a total of 120 staff will be employed at the site, it added. With an …
Land O’Lakes, a Minnesota-based farmer-owned food and agricultural cooperative, has announced the acquisition of Vermont Creamery, a producer of dairy products. Financial terms of the transaction were not disclosed. “As we experience unprecedented growth, we need a partner who can bring the resources and expertise necessary to help us realize our vision and the potential of our business”, commented Vermont Creamery co-founder Allison Hooper. Vermont Creamery will become an independently …
US-based food company Inventure Foods has announced the strategic sale of Fresh Frozen Foods to Pictsweet , a family-owned grower and processor of frozen vegetables, for a cash transition of about $23.7 million. According to a company statement, the sale of Fresh Frozen Foods is part of Inventure Foods’ strategy to reduce debt and improve its balance sheet and overall financial flexibility. Terry McDaniel, chief executive officer of Inventure Foods, …
Haribo, the world’s leading manufacturer of licorice and gummy sweets, has announced that it is to build a new factory in Kenosha County, Wisconsin, the company’s first in the USA. Located in the south-east of the state, the $242 million, 500,000 sq ft plant is scheduled to be operational by 2020 and to employ around 400 staff, according to a report in the Associated Press. Commenting on the news, Haribo …
North American packaged foods company Conagra Brandas has agreed to buy Thanasi Foods, a US snacks producer. Protein-based snacking company Thanasi Foods is the manufacturer of snack brands including like Duke’s for meat snacks and Bigs for seed snacks. The Duke’s brand includes Duke’s Smoked Shorty and Duke’s Steak Strips, both “made in small batches with quality ingredients and authentic hardwood smoke pairings”, according to a company statement. “This is …
301 INC, the business development and venturing unit of US food firm General Mills, has invested a non-disclosed amount in D’s Naturals, a low-sugar, plant based products company founded in 2015. D’s Natural is a firm that markets products that are soy, sugar and dairy free and contain bioengineered ingredients. Its portfolio includes No Cow Bar Snack Bars and Fluffbutter Protein Infused Peanut Spreads. Taking its name from the address …
US based snack company Kathie’s Kitchen has recently increased its range of SuperSeedz Pumpkin Seeds by introducing a new line of products that are organically certified. The organic line is the “latest innovation” for the company created by Kathie Pelliccio, and is marketed as “pure snacking deliciousness”. The organically certified, “non-GMO project verified”, vegan and “allergy friendly”, “no shell” pumpkin seeds are tagged as “small batch dry roasted” and are …
JBS USA, a subsidiary of the Brazilian meat-packer and food processor JBS, has agreed to acquired Plumrose USA, a US based ham and deli meat business, for $230 million from Danish Crown, a leading pork exporter and processor. The agreement includes five prepared food plants located in Indiana, Iowa (2), Mississippi and Vermont, and two distribution centres in Indiana and Mississippi. The new acquisition is described as part of JBS’ …
Canadian dairy manufacturers Lait Kaiser and Cult Yogourt have agreed to acquire Chagnon Dairy, an independent creamery and milk brand in Quebec, Canada. Chagnon produces over 4 million litres of fluid milk, butter, ice cream and other dairy products. The acquisition of a 30,000 sq ft food creamery will help Lait Kaiser and Cul Yogourt to strengthen manufacturing and innovate in the dairy industry, according to claims. “Lait Kaiser and …
Worldwide water bottling company Nestle Waters has teamed up with dairy and drinks multinational Danone and California-based startup Origin Materials to form the Natur’ALL Bottle Alliance to develop a PET bottle made from bio-based, 100% sustainable and renewable resources. According to Nestle Waters: “the project uses biomass feedstocks, such as previously used cardboard and sawdust, so it does not divert resources or land from food production for human or animal …
Food and drink giant PepsiCo is introducing two new “healthier” alternatives to soft drinks called IZZE Fusions and Lemon Lemon, reportedly to target generation Z. IZZE Fusions and Lemon Lemon aim to appeal to younger consumers by containing fewer calories, less sugar, and no artificial sweeteners or flavours. “The consumer is getting more sophisticate”, said Gary So, VP of marketing portfolio transformation for PepsiCo’s North America beverage unit. “They are …
The latest innovation insight from Gama Compass MANCHESTER – 2nd February 2017: This month’s Innovation Insight takes a look at the future of packaging technology in preserved food, with the launch of a new line that brings the benefits of transparent plastic to the canned food aisle: Glory Farms Slow-Cooked Canned Vegetables. Promoted as “the most notable innovation in canned vegetables since canning was invented”, Glory Farms Slow-Cooked Canned Vegetables from …
Canadian consumer packaged meats company Maple Leaf Foods has announced the acquisition of Lightlife Foods, a US company producing of vegetarian and vegan meat substitutes, for $140 million and related costs. Lightlife manufactures over 30 products in its facility in Massachusetts including plant-based tempeh, hot dogs, breakfast food and burgers. In 2016, the company reported sales of approximately $40 million with a US market share of 38% . “The acquisition of …
Bonduelle, the leading global vegetable firm, has announced that it has executed an agreement to acquire Ready Pac Foods, the US market leader in single serve salad bowls. Based in California, Ready Pac Foods markets the Bistro Bowl line of ready-to-eat salad bowls as well as the Elevate line of “nutritent dense” superfood salads and the Ready Snax line of chilled snack foods. The firm has four production facilities located …
Pizza manufacturer Palermo Villa has acquired Connie’s Naturals, a US frozen pizza company, according to an article in Food Business News. The agreement does not include the Connie’s chain restaurants which is located throughout the state of Illinois. As a result of the acquisition, Connie’s frozen pizza will become part of the Palermo portfolio of brands such as Palermos’s Pizza, P’mos, Screamin’ Sicilian and Unban Pie Pizza Co, which also produces …
Kraft Heinz, one of the world’s largest food and beverage firms, has offered $143 billion deal to merge with Anglo-Dutch FMCG multinational Unilever. Unilever has reportedly rejected the deal, saying that the offer of $50 per share undervalued the company. A Kraft Heinz spokesman is meanwhile reported as saying: “We look forwards to working to reach agreement on the terms of a transaction”. According to recently-released financial statement, Kraft Heinz reported net sales …
Lidl, the German retail chain, is set to make its debut in the USA this summer and open up to 100 stores by the end of the year, according to a Reuters report. The move is described by Reuters as being ahead of schedule, since it was previously thought that Lidl would not open its first outlet until late 2017 or early 2018, despite being in the middle of a …
Fresh Del Monte, the fresh and prepared fruit and vegetables firm, is introducing a range of noodles in North America based on vegetable ingredients. Available in six varieties – Zucchini, Butternut Squash, Sweet Potato, Beet, Yellow Squash and Carrot – Del Monte Vegetable Noodles are promoted as a “100% fresh, healthy and preservative free […] easy and fun way to increase vegetable consumption”. “We are excited to bring our pre-cut vegetable …
Coca Cola, the American multinational beverage company, has announced the launch of two new flavours of soft drink under the Sprite brand: Cherry and Cherry Zero. The new cherry versions of the lemon-lime soft drink are described as caffeine free and made with 100% natural flavours. The Cherry Zero variety is also described as free from calories and sugar. Both varieties will be available across the United States in 20oz bottles. Commenting …
International spirits firm Diageo has announced its intention to bring its “highly successful Guinness Open Gate Brewery concept” to Baltimore County, Maryland, USA. According to the company – which also recently announced a plan to build a new distillery called Roe & Co – the idea will include a mid-sized Guinness brewery and a Guinness visitor experience as well as an innovation microbrewery at the company’s existing Relay, Maryland site. The move …
International food company Nestle has announced that the headquarters of Nestle USA will be moved to Arlington County, Virginia from its current home in Glendale, California later this year. According to Nestle USA, 75% of its factories and 85% of itstop customers are located in the eastern half of the United States, with 80% of its products are sold east of the Mississippi River. The new location is expected to allow Nestle USA …
France-based dairy and drinks multinational Danone has announced that will move the location of its headquarters in North America from Greenburgh, NY to White Plains in the same county. Dessislava Miteva, chief people officer and vice-president of human resources for Danone North America said the relocation was about creating “as much open space as possible to maintain the sense of community we currently have, to encourage informal and ad-hoc communication, and …
Texas-based Hiland Dairy plans on acquiring plants belonging to Brookshire Grocery, a Texas-based grocery chain, for an undisclosed amount. The acquisition is set to expand Hiland Dairy’s footprint and is due to close next month. Hiland Dairy produces dairy and milk products as well as distributing dairy foods and other beverages across the United States. The deal will see it acquire dairy and water-based ice cream manufacturing plants belonging to Brookshire Grocery. Brookshire Grocery is …
Advent International, a large global private equity investor, has announced that Sovos Brands, a new food and beverage company, has completed the acquisition of Michael Angelo’s Gourmet Food, a frozen Italian food firm. Michael Angelo’s Gourmet Foods, described as a family-owned and operated business with a passion for quality and talent for making authentic Italian prepared meals, is the first investment by Sovos Brands, which has the stated intention of looking to …
The US food manufacturer JM Smucker has announced plans to build an additional Smucker’s Uncrustables sandwiches manufacturing plant in Longmont, Colorado by 2019. The Longmont facility, which will be built in two phases, will be supported by a total investment of $340 million. During phase one, $200 million will be invested to build and operate the new plant with 250 employees. The firm will then have the opportunity of investing a further $140 million for …
Pernod Ricard, the global wine and spirits firm, is to launch a new Lime flavoured vodka under the Absolut brand, joining existing citrus flavours Citron and Mandarin. Like its citrus counterparts, new Absolut Lime features its own distinct flavor profile with a balance of full-bodied citrus flavour with a light finish, the company said. Nick Guastaferro, director of marketing for Absolut at Pernod Ricard USA, commented: “Lime is a very …
Shiseido, the Japanese cosmetics giant, has announced the acquisition of MatchCo, a US-based firm that creates custom foundation shades based on the customer’s individual skin tone, through its regional headquarters and consolidated subsidiary Shiseido Americas. The firm said that the synergy of MatchCo’s innovative digital tools and its own R&D capabilities would help to enhance a business model that captures the major consumer trend of cosmetics customization. Founded in 2013, MatchCo lets customers scan …
German cheese maker Hochland has bought 100% of the shares in Franklin Foods and its sister companies, according to a press release. Franklin Foods, a US cream cheese producer described as one of the fastest growing cheese companies in the country, said it would maintain its operational independency as a subsidiary of Hochland SE. Franklin Foods’ strong manufacturing and sales platform in the US cream cheese market would complement Hochland’s …
Eighteen94 Capital, the venture capital fund established last year by cereal and snack firm Kellogg, has unveiled its first major investment with the acquisition of a stake in US-based moringa firm Kuli Kuli for $4.25 million. Based in Oakland, CA Kuli Kuli produces moringa-based food and drinks that are promoted as “a good source of iron, calcium, vitamin A, and other nutrients”. Commenting on the move, Eighteen94 Capital managing director …
The US processed cheese brand Velveeta will be entering the frozen food market with the launch of two new products, FMCG giant Kraft Heinz has announced. The two new snack-style products are Velveeta Stuffed Grilled Cheese and Velveeta Cheesy Bites and are designed to give consumers a convenient frozen option that is microwavable in one minute. Velveeta Stuffed Grilled Cheese is available in boxes of two or six sandwiches, while …
US spirit maker Beach Whiskey has bought American Harvest organic vodka from import firm Sidney Frank, according to a report in FoodBev. Financial details were not disclosed. American Harvest vodka is described as being handcrafted in small batches from American wheat and distilled with certified organic ingredients. It is further described as a smooth spirit with a crisp, clean & slightly sweet hint of real agave. Commenting on the move, …
Coty, the global beauty and personal care firm, has announced that it has entered into a partnership with Younique, a social selling platform for beauty products, that will see it take a 60% stake in the firm. Founded in 2012 in the USA, Younique is described as offering a range of makeup and skin care products that are sold through a peer-to-peer e-commerce platform, using a community of independent presenters to …
It has been announced that California-based fresh goat milk firm Jackson-Mitchell is to be acquired by Swiss dairy company Emmi, in a move that will further the latter’s interest in what describes as “an attractive market”. Jackson-Mitchell produces Meyenberg branded products, including what is claimed to be the only nationally distributed fluid goat milk in the USA, and generates annual sales of nearly $30 million. Commenting on the deal, Emmi …
Leading food firms Nestle and Hostess Brands are teaming up for the launch of new ice cream products based on well-known Hostess brand names, according to a report in CSP Daily News. The new product line is said to include a range of 1 pint take-home ice cream tubs, set to hit retailers between February and May. Of the new launches, CupCakes Ice Cream is reportedly a chocolate flavour product …
US snack producer J&J Snack Foods has announced that it is to acquire Hill & Valley Premium Bakery, a cakes and biscuits manufacturer based in Rock Island, IL. Terms of the deal were not disclosed. Founded in 1987 and with sales of over $45 million annually, Hill & Valley Premium Bakery is a manufacturer of pre-baked cakes, cookies, pies, muffins and other desserts, specialising in no sugar and no added …
Post, the US cereal firm, is to expand its presence in western USA with the construction of a new 901,000 sq ft, $50 million facility in Salt Lake City, UT. According to a report in The Enterprise, the new plant at California Avenue and 5600 West will employ nearly 100 people in manufacturing and distribution roles. Post, which is described as the third-largest cereal firm in the US, has an existing manufacturing …
US-based Craft Brew Alliance is to purchase 24.5% of Florida’s Wynwood Brewing for an undisclosed amount, with the deal expected to conclude by the first quarter of 2017, according to a report in Brewbound. It is reported that the deal will allow Wynwood Brewing to expand by utilising resources from the larger Craft Brew Alliance, while allowing the latter to tap into the Florida market. Craft Brew Alliance is considered …
FMCG giant Unilever has announced that it has signed an agreement to acquire haircare specialist Living Proof for an undisclosed sum. Describing Living Proof as an “innovative premium hair care business renowned for solving hair problems through the use of breakthrough science”, Unilever said that the firm would be added to its own Prestige portfolio, which includes brands such as Dermalogica, Kate Somerville, Murad and REN. Living Proof is described as having …
Peet’s Coffee & Tea, the US firm selling teas, coffees and related accessories, is to build a new roasting facility in the state of Virginia in order to better serve consumers on the east coast, according to an article in the Tea & Coffee Trade Journal. The new 175,000-sq ft roastery in the city of Suffolk is the result of a $58 million investment and will create 135 jobs. Peet’s Coffee …
Altamont Capital Partners, a US investment fund, has announced the acquisition of meat firm Maxi Canada for an undisclosed amount. Quebec-based Maxi Canada is a manufacturer of frozen poultry, known for its Yummy and Dino Buddies brands which are sold throughout the United States. Following the acquisition, the company’s plant and office will remain in Quebec, Altamont Capital Partners said. San Fransisco based Altamont Capital Partners is an investment firm …
Food and soft drinks giant PepsiCo has announced the launch of a new bottled water brand called LIFEWTR that is slated for release across the USA in February 2017. Reportedly a response to rival Coca-Cola’s Glaceau SmartWater brand, LIFEWTR is described as purified water with balanced pH and added electrolytes. Product packaging – 700ml and 1l bottles – features labels designed by emerging artists, according to information. The RRP of …
US based soft drinks firm Long Island Iced Tea has announced that it to purchase the ALO Juice brand from The Wilnah International for 5,000 shares of the company’s common stock. The acquisition, which is expected to close at the beginning of 2017, will allow for Long Island Ice Tea to expand in the southeast of the United States, the firm said in a statement. ALO Juice sells a range of …
Chinese infant formula manufacturer Feihe International has invested $225 million in a new manufacturing facility in Kingston, Ontario, Canada. Construction is set to commence in April next year and the plant is expected to be around 300,000 sq ft in size. The firm plans on distributing around 20% of the products made there within North America, with the rest exported to Asia. Feihe International manufactures infant formula under brands including …
Harvest Hill , a majority-owned portfolio company of Brynwood Partners, has agreed to acquire the Nutrament brand from Nestle, according to a report in Food Business News. Through the acquisition, the Harvest Hill portfolio is set to expand into the functional drinks space. The firm’s line up already includes fruit drinks under the brands Little Hug, Big Hug, Guzzler and Big Burst, as well as the cocktail and mixer brand Dailys, and …
E-commerce Amazon giant has made its first concrete steps into bricks-and-mortar retailing with the opening of a new store in Seattle, WA, USA under the name Amazon Go. The concept allows customers to pick and choose their groceries from the store but, unlike a typical supermarket, dispenses with the traditional checkout procedure. Instead, the technology uses sensors that are said to track customers as they move through the store and …
Global beverage giant Coca-Cola has inaugurated a new bottling facility as part of its previously announced $100 million investment in Cambodia from 2015 to 2018. The plant was constructed for Cambodia Beverage Company, the bottling unit of The Coca-Cola Company Bottling Investments Group (BIG). Located in the capital Phnom Penh, the new “state of the art” plant is expected to generate approximately 300 jobs and will begin operating with two …
US-based snack company NightFood is reporting that it has reached a definitive acquisition agreement for Hook Marketing and Fiber One branded ice cream producer and distributor Suffield Foods. Hook Marketing was granted a license by General Mills to produce Fiber One probiotic ice cream, launched in April, operating through its subsidiary Suffield Foods. NightFood produces snack bars such as Midnight Chocolate Crunch and Cookies & Dreams, and aims “to help …
US-based consumer goods firm B&G Foods is adding to its portfolio, having agreed to acquire Victoria Fine Foods for $70 million. Post acquisition, B&G projects that the Victoria brand, once integrated, will generate $41 million in sales. Brooklyn, USA based Victoria Foods offers pastas and speciality sauces, condiments and spreads under the Victoria brand. Victoria sauces are described as being slow kettle-cooked in small batches, using traditional cooking methods, to …
Canadian speciality foods firm Premium Brands has announced an expansion in bakery, pasta and deli foods with the acquisition of Island City Baking, Conte Foods and Larosa Fine Foods. Located in Richmond, BC, Canada, Island City Baking is a manufacturer of fresh and frozen artisan bread, including sandwich loaves, rolls, rye and sourdough loaves, ciabatta and baguettes, and rustic loaves. Conte Foods is a distributor of speciality food products, including goods …
Quebec, Canada based dairy giant Agropur has acquired Nova Scotia-based firm Scotsburn Ice Cream for an undisclosed amount, according to a CBC report. Agropur, which owns brands such as Natrel and Oka Cheese as well as Agropur, is said to want to increase its presence in the ice cream sector. Scotsburn Ice Cream manufactures ice cream, frozen dessert and novelty products that are distributed across Canada. The firm offers ice …
US-based confectionery and snacks firm Mondelez International is closing its biscuit factory in Montreal, Canada, with the loss of 454 jobs, according to a report in The Globe and Mail. The closure, which is slated for 2017, will see 95% of the plant’s output shifted to the Toronto area and the remainder relocated to the firm’s existing facilities in Portland, OR, USA. The Globe and Mail quotes company spokesperson Stephanie Cass …
US-based Vermont Cider Company has announced the launch of its first “ultra-premium” ciders called Addison and Wassail. Named after the Addison County where it is produced, Addison Cider is to be offered year-round and has 5% ABV. Commenting on the launch, Vermont Cider Company director of cider making Ben E Calvi said: “For this flagship cider, we used premium yeasts and longer, cooler fermentations to capture and promote the delicate fresh …
Remy Cointreau, the French alcoholic drinks firm, has announced that it has agreed to acquire US whiskey manufacturer Westland Distillery. Terms of the deal were not disclosed. Based in Seattle, WA, Westland Distillery is described as producing whiskey with a distinctly American single malt style. The firm’s portfolio of single malts, including Westland Single Malt Whiskey, Westland Peated Single Malt Whiskey, Westland Sherry Wood Single Malt Whiskey and Westland Garryana …
Dutch brewer Bavaria has acquired US based Latis Imports, an importer of Belgian specialty craft beers, according to a report in Brewbound. Latis Imports, co-founded by David Van Wees, currently imports Boon, Palm, Rodenbach and Steenbrugge beers and is set to expand its portfolio to include Bavaria brands. Bavaria had previously purchased 60% of Palm Belgian Brewers earlier this year and plans to fully absorb the company by 2021. The …
Leading US poultry firm Pilgrim’s Pride has announced a definitive agreement to acquire GNP Company, a provider of branded chicken products in the Upper Midwest region of the USA, in an all cash, $350 million transaction. GNP Company has production facilities in Cold Spring and Luverne, MN, and Arcadia, WI, approximately 400 farm partners and more than 1,700 staffs. GNP Company’s products, including fresh chicken, meatballs and sasuage, are distributed …
Insight by Gama Compass™ MANCHESTER – 24th November 2016: ‘High vitamin’ claims are continuing to notch upwards in new product launches, according to Gama’s latest study of patterns and trends in global FMCG innovation, with non-alcoholic drinks proving particularly fertile ground for vitamin-related positioning. Based on data from Gama Compass™ between 2014 and 2016, and segmenting vitamin claims by five principal types – vitamins A, B, C, D and E …
Meat and packaged foods firm Hormel has announced the sale of its Clougherty Packing business to Smithfield Foods, the world’s largest pork producer. Clougherty Packing is the parent company of Farmer John and Saag’s Specialty Meats, whose brand lines include products such as ham, bacon, sausages and lunch meat as well as raw cuts of meat. The deal, which was transacted for $145 million in cash, also includes Hormel’s PFFJ farm operations …
Soft drinks giant Dr Pepper Snapple has announced that it is purchasing Bai Brands, a company that manufactures low-calorie coffee-fruit drinks, for $1.7 billion. The Bai Brands product line includes enhanced water, carbonated flavoured water, coconut water and ready-to-drink teas. With its Bai, Bai Bubbles, Cocofusion and other innovative brands, Bai was positioned for expanding growth in key beverage segments, Dr Pepper Snapple said. Bai Brands provides a strong platform …
Estee Lauder, the-US based cosmetics firm, has announced that it is to buy make-up brand Too Faced in a deal worth approximately $1.45 billion. Launched in 1998, Too Faced is described as offering “an unabashedly empowering line of cosmetic products for the eyes, face and lips” and as being “beloved for its high-quality, innovative formulas, irreverent product names and distinctive packaging”. Estee Lauder notes that the firm, which is expected …
Investment firm Highlander Partners has announced the acquisition of sugar confectionery firm Hillside Candy for an undisclosed amount. Hillside manufactures and markets organic, sugar-free confectionery products under the GoOrganic, GoLightly, Pick Your Color and Hillside Sweets brands. The product line predominantly consists of hard sweets but also includes fruit chews under the GoOrganic name. Products are sold direct and through distributors to grocery and pharmacy chains, mass merchandisers, club stores, …
Atlanta, USA based food distributor Diaz Foods has announced its acquisition of the Frutel brand from Origin Foods. Frutel is a yoghurt drink blended with whey protein and is available in flavours such as strawberry, banana, peach and mango. It claims to offer a natural energy boost and markets itself as a healthy treat, containing 2.5g of fat and 23g of sugar. Commenting on the deal, Diaz Foods CFO Eric …
Gores Holdings, a special purpose acquisition company, has announced that it has completed its acquisition of bakery firm Hostess Brands for approximately $522 million in cash. The deal sees Gore Holdings take a majority stake in the company, with previous majority owners Apollo Global Management and C Dean Metropolous retaining a 42% minority interest. Hostess Brands, which produces cake and bread products under brands such as Honey Buns, Ding Dongs …
The US division of bakery firm Bimbo is to close two production facilities by early 2017, according to a report in Food Business News. The firm’s Lubbock, TX facility is set to close by early January, Bimbo said, with production shifted to Rockwall, TX. The plant, which makes bread and buns, was initially acquired as part of Bimbo’s purchase of Mrs Baird’s in 1998. Elsewhere, Bimbo’s facility in Sunbury, PA, acquired …
Constellation Brands, the US alcoholic drinks firm, has agreed to a deal to buy a brewing facility from Grupo Modelo, an Anheuser-Busch InBev subsidiary, at a cost of $600 million. The Mexican facility, located in Obregon will come under the control of Constellation once the deal has been completed. The company plans on increasing the plant’s capacity from 4 million hectolitres to 20 million, with the first 5 million hectolitres …
US food manufacturer Lancaster Colony has announced a new move to bolster its presence in bakery with the acquisition of Angelic Bakehouse. The Ohio-based company said that its wholly owned subsidiary T Marzetti had entered into a definitive agreement for the sprouted grain bread firm, which manufactures products such as bread, bread crisps, crusts, wraps, buns and rolls using a “proprietary sprouting process using seven whole grains (non-GMO) including red wheat …
Brynwood Partners, the investment group that owns the Juicy Juice brand, has announced that its majority-owned portfolio company Harvest Hill has acquired the beverage manufacturing assets of Faribault Foods, a producer of pulses, canned foods and snacks and part of the La Costena group. Faribault Foods’ beverage assets include a manufacturing plant in Elk River, MN, USA, which serves as the leading private label supplier and contract manufacturer of pouch products …
Metro, a food and pharmaceuticals distributor in the Canadian provinces of Quebec and Ontario, has launched a platform that allows customers to do their grocery shopping online. Starting at the end of October, the new service is available to Metro consumers in the Quebec area, with orders placed online able to be picked up at three stores in Montreal and Laval and, in Montreal’s east end, also eligible for delivery. …
Lidl, the German retail giant that is part of the Schwarz Group, is earmarking parts of the southern USA for its initial wave of stores in North America, according to a report in the Houston Business Journal. In addition to the eastern US, where Lidl has centred its planned foray into the US market, the discounter is now exploring the option of opening locations in the state of Texas although has not yet …
Gay Lea Foods, a Canadian dairy co-operative has decided to acquire fellow Canadian dairy firm Stirling Creamery for an undisclosed amount. In a press release, Gay Lea Foods stated that the purchase is aimed to build upon its existing butter operations in Ontario as well as create long-term growth for the Canadian dairy industry. Stirling Creamery is known for its range of flavoured butters encompassing Churn 84 and the Stirling …
Mars, the US food giant, has announced the launch of a new Caramel flavour variant of its M&Ms chocolates available from late May 2017. According to the firm, M&Ms Caramel will feature a smooth caramel centre covered in M&M’S brand milk chocolate and coated in a colourful candy shell. “Chocolate and caramel is such a popular flavour combination, especially with the fans of M&M’S”, said M&Ms brand director Tanya Berman, …
PepsiCo, the global soft drinks and snacks firm, is showing interest in making a deal to acquire US probiotics drinks firm KeVita, according to a report in Reuters quoting “people familiar with the matter”. Any deal would reportedly be through PepsiCo’s Naked Emerging Brands venture, the objective of which is described as expanding the company’s soft drinks portfolio through developing brands positioned towards health-conscious consumers. A deal for KeVita would …
The Canadian wine business of US-based international beer, wine and spirits producer and distributor Constellation Brands is to be acquired by institutional investor Ontario Teachers’ Pension Plan for approximately C$1.03 billion ($782.5 million). Operating in the US, Canada, Mexico, New Zealand and Italy, Constellation Brands is described as the market leader in Canada with almost three times the market share of its second competitor and 7 of the top 20 …
Cambell Soup, the US consumer goods firm, is launching a new range of soups under its recently acquired Garden Fresh Gourmet brand. The refrigerated soups come in the varieties Chicken Noodle with Kale, Chicken Tortilla with Roasted Chillies, Broccoli Cheddar with Parmesan and Tomato with Parmesan. The launch of the new soup line marks an extension for the Garden Fresh Gourmet brand into a new category, having previously focused on …
Premium Brands, a Canadian producer, marketer and distributor of branded food products, is acquiring Ontario-based meat firm Belmont Meats for C$49.2 million ($37.1 million) in cash and C$800,000 ($604,000) in common shares of Premium Brands, according to a report in Food Business News. Belmont, which reports annual sales of approximately C$120 million ($91 million), produces burger patties as well a variety of customized burgers for retail and foodservice customers across Canada, …
E-commerce giant Amazon is looking to push further into the FMCG space by opening physical stores to sell grocery products, according to a report in the Wall St Journal. Quoting “people familiar with the matter”, the news outlet reports that, under the plans, groceries such as fresh produce, milk, meat and other perishable goods would be available to purchase from these bricks and mortar stores, while ambient goods would be available …
Coca-Cola, the global soft drinks firm, has announced that it has decided to exercise its right to acquire the stake in Coca-Cola Beverages Africa, Africa’s largest bottling company, formerly held by brewing firm SABMiller. Coca-Cola said that the decision was made as a result of the acquisition of SABMiller by AB InBev, adding that it planned to implement long-term strategies in the African markets and aimed to do so with …
Global confectionery giant Mars plans to buy out investment firm Berkshire Hathaway in order to obtain full control over the gum business Wrigley, the company has announced. Once the buyout has been completed, the new firm will be known as Mars Wrigley Confectionery and will hold chocolate brands such as Snickers, Galaxy and Maltesers as well as mint and gum brands Extra, Orbit and Doublemint. With full control of Wrigley, …
Nestle Health Science has launched ProNourish, a drink designed to have low FODMAPs and aimed at consumers with digestive problems, in the USA. The drink, which comes in French Vanilla and Strawbeerry Banana flavours, is marketed as a nutritional drink that aids a low FODMAP diet for at home or on-the-go consumption. FODMAP is an acronym for specific types of carbohydrates which can be poorly absorbed and therefore result in …
Jewellery company Origami Owl has decided to expand into the beauty sector by purchasing New York, US beauty firm Willagirl for an undisclosed amount, according to an article in Cosmetics Business. Willagirl focuses on non-harmful and natural skincare and beauty products, including cleansers, exfoliators, moisturisers, facial oils and suncare products, as well as face and eye cosmetics, that are claimed to be free from parabens and phthalates. The company was …
UTZ , the US’s largest privately held snack food company, has announced that it has completed the acquisition of rival snack firm Golden Enterprises. Golden Enterprises produces and markets snack products such as crips, tortilla chips, corn chips, fried pork skins, baked and fried cheese curls, onion rings, and puff corn snacks in the US, operating two manufacturing facilities – one in Birmingham, AL and the other in Ocala, FL. It also sells canned …
Canadian fruit juice company Jusu Juice Bar has announced the acquisition of Alberta-based Cru Juice. Cru Juice focuses on cold-pressed juice that combines raw ingredients with ‘superfoods’ including chia and chlorella. Blends include green apple, cucumber, celery, green kale, parsley, lemon and ginger with chlorella, and almonds, cashews, hemp seeds, medjool dates, maple syrup, vanilla bean and cinnamon with sea salt Jusu Bar was founded in British Columbia and produces …
Soft drinks giant Coca-Cola and coffee and doughnut chain Dunkin’ Brands are set to team up to launch a Dunkin’ Donuts branded ready to drink coffee early in 2017, according to articles in Food Business News and the Wall St Journal. Under the terms of the deal, Coca-Cola will manufacture, distribute and sell the product, making use of its US milk production facilities through its Fairlife dairy joint venture, according to …
Biscuit and cakes manufacturer Lotus Bakeries has announced that it is looking to establish a factory in the USA in order to meet rising demand for its products in the country. Announcing the project in a press release, the Belgian firm said that it was considering Mebane, NC as the location for its new facility, with conversations already “in a well advanced stage”. Construction would start in the first half of 2017, with …
Tyson Foods subsidiary Tyson Fresh Meats is expanding its case-ready beef and pork plant in Council Bluffs, IA, USA with a $27 million investment, according to a report in Food Business News. The move will see 55,000 sq ft of extra space added at the site for new production lines and warehousing and is set to increase capacity for the manufacture of fresh ground beef, beef and pork cuts and meal …
Nature’s Path, a manufacturer of organic breakfast and snack foods, has acquired a majority stake in snacks firm Gorilly Goods, according to an article in Food Business News. The firm will reportedly acquire a stake of 51% in Gorilly Goods, which makes raw and organic snacks predominantly from nut, seed and vegetable ingredients. Nature’s Path said its involvement would provide the necessary capital for Gorilly Goods to increase its manufacturing scale, …
Nestle is expanding its Nesquik brand to target adults with a new protein-enhanced milk drink in the US. Positioned as “perfect for the casual athlete”, Nesquik Protein Plus is available in Vanilla and Chocolate flavours and “supports the active and healthy lifestyles of adults young at heart who are striving for a balance between ‘grown-up’ responsibilities while not giving up on the fun”, according to a press statement. The product …
PepsiCo, the US food and drinks firm, is expanding its Tropicana fruit juice range with the launch of “a 100% juice with one billion live and active cultures per serving”. Described as combining the goodness of 100% juice with the functional benefit of probiotics, Tropicana Essentials Probiotics is said to contain more than the recommended daily value of Vitamin C in each 8oz serving and to be free from added sugar, …
Scotsburn Ice Cream, a Canadian manufacturer of frozen desserts, is set to close its plant in St John’s, Newfoundland, with production to cease by the end of the year, according to Canadian media reports. The last day of operation is set to be December 9th, after which the company will transfer production to other plants in Truro, Nova Scotia and Lachute, Quebec. The competitive Canadian ice cream market as well …
US food manufacturer ConAgra Foods has announced the acquisition of the packaged Mexican food business from Frontera Foods and Red Fork that includes the Frontera, Red Fork and Salpica brands. Frontera is known as a Chicago-based company that produces “premium” Mexican food such as a tex-mex salsa line, sauces, snacks and meals under the Frontera and Salpica brands. Chicago-based Red Fork produces American-style cooking sauces. Frontera was established in 1996 …
B&G Foods, the US foods manufacturer, has announced that it has entered into an agreement to acquire the spices and seasonings business of ACH for approximately $365 million in cash, subject to a post-closing inventory adjustment. The ACH spices and seasonings business includes the Spice Islands, Tone’s and Durkee brand, in addition to Weber brand sauces and seasonings, which are sold under licence. The acquisition also includes a manufacturing facility in Ankeny, IA, …
International snack company Mondelez International is to invest $65 million in building a global research, development & quality (RDQ) network. The new hubs are designed to “better recruit, retain and develop talent across a range of science and technical disciplines while also creating a stronger presence in both emerging and developed markets”, the company said in a statement. By using existing and new technical centres, the company will have more flexibility …
Heineken USA , a beer importer and a subsidiary of Heineken NV, has established a new venture called Five Points Trading Company that is aimed at incubating popular global beers in the USA, The new company will be the US importer for Red Stripe, Tiger, Birra Moretti, Affligem, Murphy’s Stout, Prestige, Sagres, and Mort Subite, enabling to bring the key brands back in-house, while utilizing the resources expertise of its distribution …
FMCG giant Unilever is in discussions to buy ecological home and personal care firm Honest Co for around $1 billion, according to a report in the Wall St Journal quoting “people familiar with the matter”. Co-founded by actress Jessica Alba, Honest Co makes products such as disposable nappies, household cleaners and personal care and beauty products and has reportedly gained popularity with young mothers in particular. The company sells the …
Clif Bar, a California, US based cereal bar firm, has opened a new 300,000 sq-ft bakery facility at a cost of $90 million, according to an article in Snack & Bakery. Located in Twin Falls, Idaho, the factory is said to have been built to meet increased demand for the company’s Clif branded bars. The new facility is said to habe been built with company values in mind, featuring lower …
Diageo, the global spirits company, has launched a limited time flavour for its Irish cream liqueur under the Baileys brand. The new Pumpkin Spice flavour comes in time for the autumn season and is described as a modern take on the classic Irish cream blends. The beverage is promoted as “unapologetically indulgent” and as blending flavours of sweet cinnamon and other baking spices, maple, brown sugar, and baked apple pie …
Enjoy Life Foods, a private snack company in the “free-from” market segment acquired by Mondelez International in 2015, has announced the opening of a new facility in the state of Indiana that is described as “North America’s largest dedicated allergy-friendly bakery”. The Jeffersonville site is 200,000 sq ft in size and will manufacture all of the brand’s baked free-from products, including cookies, snack bars, chocolate bars, baking chocolate, baking mixes, and savoury snacks, Enjoy Life …
B&G Foods, the US-based ambient and frozen foods firm, has announced a revamp of its Green Giant line-up with the “aim to make it easier for today’s health-minded consumers to add more veggies into meals”. Among the new lines being launched are Green Giant Veggie Tots, “the kid-friendly, mom-approved alternative to potato tots and French fries […] filled with vegetables such as cauliflower or broccoli instead of potatoes”. Sold in 16oz …
US-based health foods firm NuGo Nutrition has expanded its business portfolio by acquiring the Promax brand from Promax Nutrition for an undisclosed amount. The acquisition follows the purchase of Gnu Foods FiberLove in December 2014. Promax Nutrition offers Promax protein bars that claim to be all natural and free from artificial sweetners and gluten, and which have been available since the firm’s inception in 1996. The original flavours comprise cookies …
Germany-based household and personal care firm Henkel has announced the closing of the acquisition of Sun Products on September 1st 2016. The initial agreement to purchase all shares was signed in late June for $3.6 billion including debt. The purchase of the US-based company includes brands such as All laundry detergent, stain removers and fabric softeners and Sun laundry and dish detergents, as well as fabric softener label Snuggle. Sun …
US meat processor Tyson Foods has announced an expansion of its manufacturing capability with investment in new and existing facilities in Arkensas and North Carolina. In Green Forest, Arkensas, the firm has broken ground on a $136 million, 200,000 sq ft poultry processing plant next to an existing factory at the site. The new plant is said to include additional production lines and equipment to increase capacity and efficiency, meaning that goods …
US-based snack manufacturer Snyder’s Lance has announced that the company’s Kettle Foods subsidiary has completed the acquisition of Metcalfe’s Skinny, a British producer of popcorn and rice cake products. Kettle Foods, which initially acquired a 26% stake in Metcafe’s Skinny last January prior to the acquisition of parent firm Diamond Foods by Snyder’s Lance, will now own the totality of the business. Commenting on the acquisition, Snyder’s-Lance president and Chief …
The latest innovation insight from Gama Compass™ MANCHESTER – 1st September 2016: This month’s Innovation Insight picks up on the craze for nitrogen technology now spawning a new generation of products in the RTD coffee space. Centre stage is a product that melds the novel textures of nitrogen infusion with the functional benefits of ‘free from’ to create a new option in non-dairy coffee – Califia Cold Nitro Cold Brew Coffee With Almond …
US-based poultry firm GNP is to launch Gold’n Plump Shakers, a new kit that is said to offer a three-step approach to preparing chicken breast strips. Available in five different flavour alternatives – Savoury, Sweet Chilli, Jamaican, Honey Barbecue and Chipotle Adob – the kits come as a resealable bag which contains the chicken and a sachet with seasoned breadcrumbs. Information on the packaging instructs consumers to pour the sachet …
US-based food and beverage manufacturer J&J Snack Foods has acquired Corazonas Heartbar Oatmeal Squares, a brand of heart healthy bars featuring plant sterols, from Heart Brand Foods. J&J Snack Foods Corp senior VP Gerard Law said: “Corazonas HEARTBAR will expand our assortment of niche products and is well positioned to follow the snacking trends that consumers have shown great interest in. It complements our portfolio very well, while also growing our …
Insight by Gama Compass™ MANCHESTER – 25th August 2016: New ingredients and formats, along with an emphasis on the ‘real’ and ‘rustic’, are some of the hallmarks of product innovation in the frozen potato category over the last two years, as the latest insights from Gama Compass™ reveal. Despite representing a relatively small fraction of NPD within the overall retail frozen food space – only 4% of total launches in the last …
Dole, a manufacturer, marketer and distributor of fruit and healthy snacks has released Mixations, described as a combination of smooth fruit sauce and chunks of real fruit. Promoted as featuring non-GMO fruit, free of high fructose corn syrup and artificial flavors and rich in vitamin C, Dole Mixations is available in four flavour parings: Apple-Strawberry Sauce with dices of apple, Pineapple-Mango Sauce with pineapple pieces, Peach-Apple Sauce with pineapple pieces …
Canada’s biggest convenience store company Couche-Tard has acquired rival chain CST Brands Inc. for $4.4 billion, according to a report in the Financial Post. The acquisition, which is the fourth secured by the Canadian company this year, represents the largest in its history and aims to strengthen the firm’s presence in Texas, USA and eastern Canada. Commenting on the acquisition, Couche-Tard CEO Brian Hannasch said: “With this transaction we would strategically strengthen our …
US food and drink company Campbell Soup has introduced a new range of Italian sauce – “made with tomatoes picked at their peak, herbs and vegetables” – under the Prego Farmers’ Market brand name. The new line of sauces comprises the varieties Classic Marinara “made with vine-ripened tomatoes, olive oil, basil onions and oregano”, Roasted Garlic which “adds sweetness to the vine-ripened tomatoes and olive oil”, and Tomato & Basil which has …
Premium Brands, a producer and distributor of specialty food products, has announced that its subsidiary Hemplers’ has entered into an agreement to acquire the business and certain assets of Fletcher’s Fine Foods. Fletcher’s US sells a variety of premium bacon and fresh sausage products with annual sales of approximately $17 million. “This transaction fits perfectly with our strategy of investing in companies with strong regional brands then providing their talented …
Sonoma Brands, “a one-of-a-kind consumer products incubator and venture fund” founded in January of this year, has announced the launch of a new line of “snackable marshmallows” sold under the name SmashMallow. Designed to “satisfy any sweet tooth on-the-go”, SmashMallow is promoted as a “premium ‘snackable’ marshmallow brand… created to redefine the sweet snack into a ‘better-for-you’, reduced guilt option for consumers who care about their health and wellbeing”. Additionally advertised as being made with …
Tall Tree Foods, a consumer goods business established by private equity company Altamont Capital Partners, has announced the acquisition of meat firm the January Co for an undisclosed sum. Founded in 1948, the January Co produces Chinese-style sausage and BBQ pork products sold throughout the United States under the Kam Yen Jan and Yangtze brands. Altamont Capital Partners said that the business would bring an attractive portfolio of high quality products to Tall Tree Foods, …
Tenth and Blake, the craft and import division of MillerCoors, has announced the acquisition of the Texan beermaker Revolver Brewing. Described as one of the fastest-growing craft brewers in Texas, Revolver Brewing is known for its flagship Blood & Honey brand as well as a line-up of year-round, seasonal and limited release, specialty beers. Revolver is currently distributed in Dallas, Fort Worth, Waco, Austin and surrounding areas. Commenting on the …
Chicago-based beer giant MillerCoors has launched a range of hard iced teas under the name of Easy Tea Co. The iced teas are said to have a “crisp citrus flavour” and a less sweet taste than normal teas, with an alcohol content of 5% by volume. The drinks hit shelves at the beginning of August, sold in silver and bronze colour cans of 24oz. Commenting on the launch, Easy Tea …
Cereal and snacks firm Kellogg is set to close its cracker plant in Seelyville, IN, USA due to excess capacity, according to a report in Food Business News. The plant, which manufacturers products for brands such as Keebler, Club and Cheez-It will reportedly shut its doors by the end of 2017, affecting 150 jobs. Commenting on the move, Kellogg spokesperson Kris Charles is quoted as saying: “Kellogg has a compelling business …
Amplify Snack Brands, the producer of SkinnyPop popcorn, crisps and other snacks crisps, has announced that it will acquire UK based crisps and snack maker Tyrrells for £300 million ($390 million). The Amplify deal is the third time Tyrrells has been sold, with the company having first been purchased by Langholm Capital in 2008, followed by private equity firm Investcorp for $130 million in 2013. According to a report in …
Campbell’s, the US-based manufacturer of soup and other packaged food, has announced the launch of a new “nutritious”, ready-to-serve canned soup line called Well Yes, featuring “popular soup recipes with a decidedly contemporary twist”. According to reports in Meat & Poultry and New Hope, the “healthy and clean” soup line is made with “recognizable & desirable ingredients” such as kale and quinoa. The idea for the new line is said …
Walmart – the world’s largest grocery retailer – is looking to reinvigorate its online sales through the acquisition of e-commerce start-up Jet.com, according to a report in Tech Crunch. Quoting “a source with direct knowledge of the deal”, Tech Crunch reports that Walmart is set to pay up to $3 billion for the online retail specialist, which began operating last year. Based in the US, Jet.com offers a broad range of …
Refrigerated and frozen soup producer Kettle Cuisine has announced that it has acquired the privately-held California-based custom food manufacturing firm Del Monaco Foods, which makes products for private label soups and sauces and other specialty items. Kettle Cuisine said that this was the firm’s second deal since being acquired by Kainos Capital in August 2015. The new transaction is expected to create “the only true coast to coast fresh soup …
Kraft Heinz, one of the world’s largest food and beverage firms, has entered the $7.2 billion frozen meal market with the introduction of a new Devour brand that offers a line of “crave-able meals”. According to the manufacturer, the new brand offers meals “so ridiculously delicious you would never expect them to come from the freezer”. Molly White, Devour brand manager, commented: “For years there has been an unmet need …
P&G, the multinational healthcare and household firm, has reported earnings of $65.3 billion, a decrease of 8% versus the prior year, for the financial year ending 30th June 2016. The US firm reported a negative six percentage point impact from foreign exchange and a negative two percent from the combined impacts of Venezuela and minor brand divestitures. Meanwhile, organic sales grew one percent as the benefit of increased pricing more than offset …
Dollar General, the US-based discount retail chain, has announced that it has acquired and plans to reopen dozens of stores previously owned by multinational retail giant Wal-Mart. The low-cost supermarket group said it had acquired 41 of 102 Wal-Mart Express stores closed by its larger rival in January, and plans to relocate 40 of its existing stores into these slightly larger locations by October. Dollar General said that consumers would …
L’Oreal, the French cosmetics giant, has announced the signing of a definitive agreement to acquire US firm IT Cosmetics for $1.2 billion in what is the firm’s largest acquisition in eight years. According to L’Oreal, IT Cosmetics is one of the fastest growing prestige beauty brands in the United States, offering more than 300 high-performance beauty products focusing on colour cosmetics, skincare, brushes and tools, and had net sales of …
P&G, the leading FMCG multinational, has confirmed the 43 health and beauty brands it is selling to cosmetics firm Coty, according to a report in Cosmetics Business. The sale will affect brands in professional hair care, retail hair care, fragrances and cosmetics. Some of the larger brands being divested are Nice N’ Easy hair colour, Hugo Boss, Gucci and Lacoste fragrances and Covergirl cosmetics. Among the brands excluded from the …
US food manufacturer General Mills has announced a global restructuring plan that will affect its operations in Brazil, China and the USA. In Brazil, the company said that, as part of plans to eliminate excess capacity, it would be closing factories in Marilia and Sao Bernardo do Campo in the state of Sao Paulo. Goods currently produced at the Marilia site will be transferred to General Mills units in other …
Yamazaki Baking, Japan’s largest bread and bakery firm, has announced the acquisition of bagel maker and distributor Bakewise Brands from Ancor Capital Partners and Merit Capital Partners. Based in New York, Bakewise Brands was established in 2010 as the corporate identity for Fleischer’s Bagels, which Ancor Capital Partners and Merit Capital Partners acquired in 2005, and Tom Cat Bakery, which they acquired in 2008. Commenting on the deail, Amcor managing …
Multinational consumer goods company Unilever has announced that it will acquire Dollar Shave Club, a manufacturer of male grooming products. According to Forbes, Unilever will pay $1 billion in cash for the US razor company, which offers direct-to-consumer monthly subscriptions of inexpensive razors, aiming to eliminate the overheads of bricks and mortar stores and pass the savings on consumers. Since becoming established, the company has expanded from razor blades to shaving …
Gama Innovation Award – Packaging MANCHESTER – 18th July 2016: The Gama Innovation Award – Packaging for July goes to Emmi Fondu All In One Cheese Fondue, which is looking to revive the retro fondue fad through a kit that combines all the elements needed for a a traditional fondue. Promoted as “the first of its kind portable, microwaveable and oven-safe dipping all-natural, premium cheese from Switzerland”, Emmi Fondu All In One Cheese Fondue from …
Insight by Gama Compass™ MANCHESTER – 14th July 2016: ‘Fresh’, ‘locally-sourced’, ‘quick’, ‘no flavour enhancers’ and ‘additive-free’ are some of the key claims associated with products described as ‘real’ or ‘authentic’, while drinks concentrates, coffee and tea are among the most significant product categories for ‘real’ claims in new launches, according to Gama’s latest look at patterns in innovation and new product positioning. The analysis, conducted on products reported on Gama …
PepsiCo, the multinational American food and beverage corporation, has announced the comeback of Crystal Pepsi as a limited edition in the USA and Canada due to“overwhelming fan demand” and in a bid to revive its soft drink sales, according to a report in Fortune. Crystal Pepsi, a clear coloured cola originally on the market between 1992 and 1994, will be available in Canada from 11th July and from 8th August …
Premium Brands, a speciality producer, marketer and distributor of specialty food products, has announced plans to build a 212,000 sq ft, state-of-the-art sandwich assembly facility in Phoenix, Arizona, USA. The facility, which is scheduled to open in the second quarter of 2017, will take Premium Brands’ total production capacity to 610,000 sq ft and will complement the company’s existing sandwich production facilities in Reno, Columbus, Edmonton, and Montreal, the firm said. Commenting on the …
Danone, the France-based dairy and drinks multinational, has announced that it has agreed to buy US natural and health foods manufacturer White Wave Foods in a deal worth approximately $12.5 billion, including debt and certain other liabilities. White Wave Foods, which generated $4 billion in sales in 2015, has a large portfolio of brands across North America & Europe, with areas of focus including premium organic dairy, non-dairy yoghurt, fresh …
Zevia, the US-based firm specialising in zero-calorie, naturally sweetened soft drinks, has announced that it is expanding into new categories with the launch of energy drinks and sparkling water. Zevia Energy, containing 120 mg of “natural caffeine”, will be available in the flavours Mango Ginger, Raspberry Lime and Grapefruit, with an RRP of $1.99 per can. Meanwhile Zevia Sparkling Water will be sold in eight packs with a suggested retail price of …
Discount grocery retailer Aldi has launched a new line of meat products offering “simple meats at affordable prices they’re known for”. The new Aldi Never Any! line of meat products is specifically claimed to be free from antibiotics, added hormones and steroids and animal by-products. It includes Kirkwood Chicken Breast ($3.99 per lb), Lunch Mate Ham or Turkey ($3.29, 7oz), Appleton Farms Hickory Bacon ($4.49, 12oz), Kirkwood Whole Chicken ($1.49 per …
US-based startup herbal tea firm Steep Echo has announced the launch of a new Olive Leaf Tea that is promoted as all natural, caffeine free, and made from hand-harvested Santa Barbaran dried olive leaves combined with botanicals. The five blends offered by the company are said to have been crafted in partnership with industry experts and artisans of the tea trade, and comprise Ascent (a spiced blend that has notes …
Canada-based potato processor McCain is to spend $65 million to expand its chips (fries) facility in Florenceville-Bristol, New Brunswick, according to a report in Food Business News. The investment will see the addition of a new production line catering to demand for hash brown patties and other potato products, alongside a 32,000 sq ft expansion to the existing chips plant, new manufacturing equipment and technology. Commenting on the move, McCain’s North America …
Hershey, the US chocolate firm, has announced that it has rebuffed a takeover offer from global snack and confectionery firm Mondelez International. The Pennsylvania-based firm confirmed that it had received a preliminary, non-binding indication of interest from Mondelez to acquire the company for a mix of cash and stock consideration worth $107 a share of Hershey common stock, or $23 billion in total. “The Company’s Board of Directors, after receiving input from the Company’s …
US-based cereal and snack giant Kellogg has announced its plans to set up a new venture capital fund, called Eighteen94 Capital, which supports growth of food firms by funding $100 million in developing new businesses of new food, ingredients, packaging and technology. With an aim to make “minority investments in companies pursuing next-generation innovation, bolstering access to cutting-edge ideas and trends”, according to a press release, the company is looking …
Gama Innovation Award – Product MANCHESTER – 24th June 2016: The Gama Innovation Award – Product for June goes to Happy Tree Maple Water Cold Brew Coffee, uniting recent trends for cold brewing and ‘plant waters’ in the non-alcoholic drinks industry. Released by US firm Happy Tree – “the innovator of the first cold pressed / HPP maple water”, Happy Tree Maple Water Cold Brew Coffee is described as “the first ever ready-to-drink …
Soft drinks firm Coca-Cola has announced an investment in aloe vera drinks company Aloe Gloe through its Venturing & Emerging Brands (VEB) unit. Aloe Gloe is a part of LA Libations, an emerging beverage incubator founded by Danny Stepper, Pat Bolden and Dino Sarti who first met while working as merchandisers for Coca-Cola Enterprises. Aloe Gloe produces a range of aloe vera drinks that are promoted as containing 300mg organic aloe vera, …
Teasdale Foods, a provider of private label and branded beans, hominy, peppers, sauces, corn and seasoning products that is majority owned by private equity firm Snow Phipps Group, has announced that it is acquiring Hispanic foods firm Mesa Foods. Founded in 1984, Mesa is an industry-leading producer of private label tortillas, flatbreads, taco shells, taco kits and chips, serving a multi-channel customer base across restaurants, grocery stores, national accounts, food service and private …
Wrigley, a subsidiary of food multinational Mars, has announced the opening of an extension to its factory in Yorkville, Illinois that will manufacture products under the Skittles brand. The result of $50 million investment, the line will see headcount at the facility increase by 25%, Mars said. Wrigley’s Yorkville factory produces a number of key Mars confectionery brands including Life Savers, Doublemint and Juicy Fruit, in addition to Skittles. Commenting …
ConAgra Foods, the US food manufacturer, has announced the disposal of JM Swank, a national food ingredient sourcing and distribution company, after an agreement was reached with California-based private equity firm Platinum Equity to acquire the business. JM Swank is the latest divestment by ConAgra Foods as it seeks to focus on core brands. Late in 2015, the firm announced plans to sell its private-label business to Treehouse Foods for …
Loft, a US start-up firm, has announced the launch of the first of its “non-psychotropic, phytocannabinoid-rich” Hemp Infused Herb Tonics, according to an article in Beverage World. The result of two years of development, Loft Hemp Infused Herb Tonics are “an herbal tonic with the restorative, mood-enhancing benefits of hemp and other botanicals – artisan crafted for deliciously balanced flavor”. “Loft was born out of a desire to offer the …
Felicetti, the Italian pasta firm, has launched a line of organic pasta for babies in Canada, according to a report in Food In Canada. Launched in a 340g bag under the Felicetti brand, the pasta is said to be small in size and easy-to-swallow, and is specially designed for babies over the age of six months. A Stelline variety comes in the shape of tiny stars using organic emmer wheat, …
Kashi, the health foods manufacturer that is part of the Kellogg group, is to acquire start up firm Pure Organic, a manufacturer of bars and other organic snack reports, according to a report in Just Food. Pure Organic produces a range of snack bars including Fruit & Nut Bars, Ancient Grains Bars, Fruit Sandwiches and Fruit & Veggie Strips. Founded in 2006, the company has as its mission to “make clean, …
US-based cosmetics firm Revlon has announced that it has signed a definitive agreement to acquire all of the outstanding shares of Elizabeth Arden for $14.00 per share in cash, representing an approximate enterprise value for Elizabeth Arden of $870 million. By bringing together two “highly complementary, iconic brand portfolios”, Revlon said it would benefit from greater scale, an expanded global footprint, and a significant presence across all major beauty channels and categories, …
New York, US based Tickle Water has introduced a new line of bottled water products that is promoted as “the first unsweetened sparkler in the market for kids”. Tickle Water Sparkling Water For Kids is advertised as being naturally flavoured and certified OU kosher, as well as free from “hidden ingredients” including preservatives, sodium, GMOs, gluten, calories, artificial sweeteners and sugars. Claimed to “offer[ ] an exciting sipping experience that …
Johnson & Johnson has announced the acquisition of Vogue International, an American manufacturer and distributor of hair care and personal care products, for $3.3 billion in cash. A deal for Vogue was first mooted at the end of May. The acquisition will add brands such as OGX shampoos, conditioners, treatments and styling products, the FX line of hair styling products, Proganix and Maui Moisture hair care lines. “Our acquisition of …
Food manufacturer General Mills has rolled out Tiny Toast, a new range of toast-shaped cereals for the US market that comes with fruit sprinkles on top. Tiny Toast, the first new cereal brand launched by General Mills since 2001, comes to the market after one year of development and aims to appeal all the family with the combination of whole grain oats and real fruit that makes “each tiny bit …
Soft drinks multinational Coca-Cola has released a limited edition of its can featuring the American flag to commemorate the 75th anniversary of the United Service Organizations (USO), according to reports in Business Insider and CNN. The US-based firm has rolled out the new design in red, blue and white and also featuring the patriotic song lyric “I’m proud to be American”, as part of the ongoing “Share a Coke and Song” …
US retail giant Walmart is said to have partnered with Uber Technologies and Lyft to test a new grocery delivery service, potentially in a bid to compete with Amazon, according to US media reports. Sources state that Walmart has also started testing a similar service in Miami for its warehouse chain Sam’s Club, partnering with Deliv which offers same-day deliveries for Kohl’s, Macy’s and other retailers. Under the new pilot programme, …
Spirits company Milestone Brands has announced the acquisition of the American Born Moonshine brand from Tennessee-based Windy Hill Spirits. Patrick Dillingham and Sean Koffel founded Windy Hill Spirits in 2013 with the vision to create a moonshine honouring both the tradition and rebel spirit of American moonshiners and bootleggers, according to a coimpany statement., American Born Moonshine has since expanded its distribution to over 25 states and doubled its sales …
US soft drinks giant Coca-Cola has reached an agreement with Arca Continental for the Mexican bottler to join its distribution system in the USA. Announcing the move in a statement, the company said it would contribute its Southwest operating unit in order to hold a 20% stake in a new joint venture called AC Beverages, which includes Arca Continental’s existing operations in Mexico, Argentina, Ecuador and Peru. In the United …
Gay Lea Foods, a dairy co-operative based in Ontario, Canada, has revealed that it is to acquire Black River Cheese Company, effective from 1st June 2016, to strengthen its presence in the Canadian market of Canada. According to its website, Black River Cheese “remains dedicated to preserving more than a century old tradition of producing real cheese; superior tasting and handcrafted, using pure fluid cow milk from Prince Edward County …
Fage, the international dairy company, has recently unveiled the launch of a new line of yoghurt featuring sweet and savoury toppings. The Fage Crossovers range comes in a 150g dual-component that contains low-fat greek yoghurt in one side and crunchy sweet or savoury toppings in the other side. Offering “a variety of yogurt cuisines that are as distinct as they are delicious”, the new line consists of “Greek strained yogurt …
Whole Foods Market, the US natural grocery retailer, has opened the first of its 365 branded stores in the Silver Lake section of Los Angeles, California, according to a report in Supermarket News. First mooted in May of last year, the Whole Foods Market 365 brand offers “food with good values, at a good value”, according to a website banner. “We believe that good choices one-up more choices. The result? Just …
Emmi, the Swiss dairy multinational, has announced the acquisition of artisan cheese company Cowgirl Creamery and the associated Tomales Bay Foods, based in Petaluma, California, USA. Cowgirl Creamery’s product portfolio of traditionally produced specialties includes soft, semi-hard and aged artisan cheeses. All products included in the range are organic, with the milk used for processing said to be sourced exclusively from Marin and Sonoma counties in Northern California. In 2015, Tomales …
US food conglomerate General Mills, through its recently acquired Epic brand, is announced that it is launching a new line of wild game meat snacks including wild boar and salmon. The new “wild game” bars are Wild Boar with uncured bacon, Venison with sea salt and pepper and Salmon with sea salt, launched alongisde a snack known as Salmon Maple Dill bites. Commenting on the launch, Epic co-founder Taylor Collins …
Insight by Gama Compass™ MANCHESTER – 20th May 2016: Baby drinks, dairy, snacks, dairy & dairy alternative drinks and functional drinks are among the key markets for high protein claims in new food and drink launches over the past two years, according to Gama’s latest study of global food and drinks innovation. Taking into account products reported on Gama Compass™ since May 2014, Gama’s research also found significant parallels between ‘high protein’ …
Hormel, the meat and packaged foods company, has announced the acquisition of nut butter firm Justin’s in a deal reported by the Denver Post to be worth $286 million. Established in Colorado in 2004, Justin’s markets four nut butter-based snack lines – namely spreads, squeeze packs, peanut butter cups and snack packs. Its nut butters are promoted as being “finely crafted with a one-of-a-kind grinding process to create an exceptional …
US health food start-up Nothing But Real has announced the launch of its first product: a chocolate flavour drink containing oat and pea protein. Launching in May, Nothing But Real Oat Chocolate & Protein Drink is described as being made from whole grain oats, lightly sweetened with pure maple syrup. Offering “hunger-busting” benefits, it is claimed to contain “an optimal blend of 8 grams of easily absorbable oat and pea …
E-commerce giant Amazon is planning to launch a number of new private label brands over the coming months as it looks to step up competition against more established grocery retailers, according to a report in the Wall Street Journal. Baby food, tea, coffee and vitamin lines are reported to be in the pipeline with proposed brand names said to include Happy Belly, Wickedly Prime and Mana Bear. Sources that spoke …
Canadian hemp specialist Hempco Superfoods has announced the launch of its new Planet Hemp brand, consisting of hemp oil, seeds, superfoods, supergreens and snacks. According to an article in New Food Magazine, Planet Hemp is the company’s first retail brand and “is presented in clean and distinctive packaging, designed to reflect the natural, organic and environmentally-friendly values of the business and products”. The Planet Hemp brand lineup consists of Hemp …
Retail giants El Corte Ingles and Tesco have embarked on an initiative that will see iconic UK products from the Tesco brand range go on sale in El Corte Ingles stores in Spain, with El Corte Ingles products travelling in the opposite direction, according to reports in European Supermarket Magazine. El Corte Ingles products are set to appear on shelves across the UK following a six-month test phase that initially …
Dean Foods, a US-based producer of dairy and other food products, has announced that it has agreed to acquire the manufacturing and retail ice cream business Friendly’s Ice Cream for $155 million in cash. Founded in 1935, Friendly’s Ice Cream produces packaged ice cream and other frozen dessert products, including single-serve sundae cups, novelty items, cakes and rolls, distributing them in over 8,000 retail outlets. The firm’s net sales in 2015 were …
Hormel Foods, the US manufacturer of meat and other food products, has announced the of a new line of packaged food and drinks aimed specifically at cancer patients. Named Hormel Vital Cuisine, the line is targeted at “individuals battling decreased appetite and energy, unintentional weight loss and fatigue while undergoing cancer treatment” and includes ready meals, nutrition shakes and whey protein powders. Described as being developed with support from experts …
US-based cereal and snack giant Kellogg is updating its “classic” Raisin Bran breakfast cereal with the launch of Raisin Bran Granola, Fortune reports. According to the news agency, granola sales have remained resilient despite a slowdown in the cereal category more widely over recent times. Jeremy Harper, senior marketing director for Kellogg’s Morning Foods, spoke of the launch by saying: “The granola category is a first-ever innovation for Raisin Bran. …
McCormick, the US spice and seasonings gient, has announced the acquisition of Australia-based Botanical Food Group, which manufactures and sells the Gourmet Garden brand of packaged herbs, in a deal worth $114 million. Gourmet Garden sell a variety of fresh and lightly dried herbs in Australia, also exporting its product range to 15 countries with the US being its biggest international market. McCormick said Gourmet Garden’s “closer to fresh” products …
Gama Innovation Award – Product MANCHESTER – 26th April 2016: The Gama Innovation Award – Product for April goes to Guinness Nitro IPA, a new offering from Diageo looking to tap into the enhanced popularity of Indian Pale Ales in line with the growth in craft brewing. Claiming to bring “Guinness-style nitrogenation to an IPA”, the new Guinness Nitro IPA is promoted as “a hop-forward India Pale Ale with the qualities of a …
US firm Ripple Foods is launching a line of “nutritious plant-based milk” based on the yellow pea, according to media reports. Ripple Plant-Based Milk is offered in the varieties Original, Original Unsweetened, Vanilla and Chocolate, with each 48 fl oz bottle claimed to contain 8g of protein per serving. Additionally promoted as containing DHA Omega-3, vitamin D and iron, as well as 50% more calcium and half the sugar of …
Drinks and snacks multinational PepsiCo has launched new ‘craft’ colas for the US and Canadian markets, according to reports in The Street and Canadian Grocer. In the USA, the firm has announced the introduction of 1893 Cola and 1893 Ginger Cola. The 12oz cans, which will be available across stores in the USA, are to commemorate the company’s founding year and focus on ‘authentic’ ingredients such as kola nut extract, …
Insight by Gama Compass™ MANCHESTER – 21st April 2016: Baby food stands top of the pile for both ethical and environmental claims, with baby cereals leading the way at the category level, Gama’s latest research into patterns in new food launches has found. Based on a study of products reported on Gama Compass™ over the last two years, Gama has found that baby food categories are hotspots for messages that address …
JGC Foods subsidiary Harry’s Fresh Foods, a US-based manufacturer of refrigerated and frozen soups, entrees, side dishes and desserts, has announced its intention to expand operations with the opening of a production facility in Nashville, TN. The new Nashville facility will produce branded and private-label products for club, retail and foodservice customers. The company said it would also continue to develop strategic partnerships in the contract–packing and private-label business. The factory was previously …
American food giant Kraft Heinz has launched a new “premium” line of pasta sauces called Riserva for the US market. The new Classico Riserva line, added to the Classico line of pasta sauces, is described as offering “simple, high-quality ingredients combine to give Riserva an exceptional taste and quality to elevate any dining experience”. “Vine-ripened plum tomatoes are picked at the peak of sweetness and are perfectly balanced with herbs …
Arla Foods, the Danish dairy cooperative, is to collaborate with its US counterpart Dairy Farmers of America to open a cheddar cheese plant in the USA, according to a report in Co-operative News. Located in Linwood, NY, the plant will source up to 70,000 tonnes of raw milk from eight DFA members situated locally. Arla will invest 20% of the required capital of $53 million and will also own 20% of …
Leading global brewer AB InBev, has announced the addition of a new craft beer brand with the acquisition of Virginia-based Devils Backbone. Established in 2008, Devils Backbone has an established portfolio of products which includes brands like Vienna Lager, Eight Point IPA and Schwartz Bier. Through this acquisition they will join AB-InBev’s High End business, which is a unit that focuses on craft and import beers. “Devils Backbone has captivated …
US-based company Healthy Beverage has announced the launch of new line of functional Cactus Water drinks under the Steaz brand, according to reports in Beverage Industry and Beverage Daily. Steaz Cactus Water is described as a ready-to-drink organic beverage based on prickly pear, blended with green tea and natural flavours and lightly sweetened with stevia. Claimed to comprise “a light, refreshing blend”, the product is said to provide natural hydration …
US wine firm Constellation Brands has announced that it has reached an agreement to acquire The Prisoner Wine Company from Huneeus Vintners. Constellation Brands described The Prisoner Wine as a fast-growing, super-luxury portfolio of five highly rated wine brands that had grown volumes at an annual rate of 30% over the last three years to reach 175,000 cases in 2015. The deal is said to be worth C$285 million ($219 …
Gama Innovation Award – Positioning MANCHESTER – 24th March 2016: This month, the winner of the Gama Innovation Award – Positioning is Elmhurst Naturals Banana Water, a product seeking to capitalize on the burgeoning interest in ‘plant waters’ as an alternative to conventional fruit juice products. A “light and refreshing hydrational beverage packed with electrolytes”, Elmhurst Naturals Banana Water is a new drink made from water and “all natural banana concentrate” …
SPI Group, the company behind the Stolichnaya brand, is launching a gluten-free vodka for the US market in April, according to an article in The Drinks Business. Stolichnaya Gluten-Free Vodka is described as being made with 88% corn and 12% buckwheat that is triple distilled and filtered four times through quartz sand and birchwood charcoal, before being blended with spring water from the Latvijas Balzams’ artesian well in Riga, Latvia. …
Chobani, the Greek yoghurt specialist, has announced plans to incrementally invest $100 million to expand capacity at its plant in Twin Falls, ID, USA, as the company looks to diversify its product range into new areas. According to a report in Food Business News, the investment includes the purchase and conversion of three production lines, as well as a new bulk production line for foodservice. The move will enable the …
Insight by Gama Compass™ MANCHESTER – 15th March 2016: Functional claims go hand in hand with ‘greek’ formulations in new yoghurt launches, while North America continues to be a hotspot for greek yoghurt NPD, according to Gama’s latest study of product trends in new FMCG launches. Despite the now global dimension to the greek yoghurt boom, Gama’s research continues to point to significant variations in the proportion of ‘greek’ products launched …
US-based confectionery and snack firm Mondelez International has unveiled the release of Good Thins, a new “wholesome” savoury snack brand promoted as being made “with real ingredients”. According to the firm, “the brand starts with real ingredients (like wheat, potato and rice), combines them with enticing flavors (like garlic, spinach and sweet potato) and bakes each piece thin and crispy without any artificial flavors, colors, cholesterol, partially hydrogenated oils or …
Trend Insight by Gama Compass™ Unlocking trends and pointing the way to new opportunities in consumer goods innovation MANCHESTER – 8th March 2016: A continued focus on ‘homeliness’, exploiting changing needs at the breakfast occasion, satisfying the appetite for indulgence, and catering to growth in single-serve and ‘sharing’ options are among the areas in which frozen bakery and pastry firms can look to direct their innovation efforts in the year ahead, …
Snyder’s-Lance, the US snack firm, has announced that it has completed the acquisition of Diamond Foods, acquiring all outstanding shares of the company in a cash and stock merger deal. This deal will create a powerful international snack foods company with a diversified portfolio, Snyder’s Lance said, and will add brands such as Kettle potato chips, Pop Secret popcorn, Emerald snack nuts & Diamond Of California culinary nuts to the …
Pharmaceutical firm Abbott has announced a new foray in the FMCG space with the unveiling of a snack brand called Curate “that takes a culinary approach to nutritious snacking”. Described as featuring “unique flavor combinations that taste like they were handcrafted by a chef”, the Curate line is said to be a good source of plant-based fibre and protein and to be free of artificial preservatives, flavours, colours, GMOs and …
PepsiCo, through its Frito-Lay division, is introducing a new range of crisps in the US under its Doritos brand that are claimed to deliver a “multi-sensorial experience”. Touted as “the biggest product launch in [the brand’s] recent history”, Doritos Mix Tortilla Chips feature a combination of four different Doritos shapes and flavours in one bag. According to the company, Doritos Mix come in a Cheese Explosion variety, featuring the flavours …
Gama Innovation Award – Product MANCHESTER – 24th February 2016: In February, the Gama Innovation Award – Product goes to Thrive Culinary Algae Oil, a new launch in the US looking to capitalize on the functional trend for all things ‘seaweed’. Boasting to be “the best oil for your heart, your kitchen and the planet”, Thrive Culinary Algae Oil from microalgae specialist Solazyme is a new alternative to conventional vegetable oils …
Insight by Gama Compass™ MANCHESTER – 23rd February 2016: Orange and lemon flavours are associated with premium claims and higher price points, while strawberry flavours are especially common in Latin America and in launches targeted at children, the latest information from Gama Compass™ indicates. For this month’s study of trends and patterns in new product launches, Gama has pinpointed the five leading fruit flavours in global innovation over 2014 and 2015 …
US cereal and convenience foods giant Kellogg has announced that it “met or exceeded initial guidance” for sales, operating profit, earnings per share, and cash flow in full year 2015, according to its recently disclosed financial statements. Kellogg’s net sales rose to $13.525 billion, with reported growth up 7.2%, and currency-neutral comparable growth up 1.2% on full year 2014. The company’s margin stood at 38.8% in full year 2015, as …
Snacks and beverage firm Pepsico has published its full year results for 2015, reporting an increase in organic revenue for the year versus 2014. The US multinational said that, for 2015, organic revenue had increased 5%, although overall net revenue decreased 5% due to the unfavourable impact of foreign exchange. Core gross margin rose to 140 basis points and core operating margin expanded to 30 basis points, PepsiCo added, while …
In an attempt to meet “evolving consumer preferences”, consumer goods giant Mars is set to remove artificial food colors and dyes from all of its human consumable food products over the next five years. The firm, which has a portfoilo of more than 50 brands across categories including gum and confectionery, currently uses a variety of naturally sourced and artificial colours in its global product range. In a media statement, …
Non-alcoholic drinks giant Coca-Cola posted a fall in net operating revenue and gross profit in the 2015 financial year, according to the company’s latest financial statements. While organic revenue grew 4%, full-year net revenue declined 4% to $44.294 billion and gross profit was down 5% to $26.812 billion, the company reported. It noted, however, that global volume had grown 2% for the full year and also reported that it had “gained …
Unilever has announced the launch of its first non-dairy offerings under the Ben & Jerry’s brand. The new vegan ice creams, first rumoured to be in development last June, are based on almond milk and will be rolled out to stores in the US over the next few weeks, according to an article in Time Money. A statement on the Ben & Jerry’s website reads: “You dared us to go …
The latest innovation insight from Gama Compass™ MANCHESTER – 29th January 2016: This week we focus on the stellar rise of matcha as an ingredient in new FMCG products, featuring as our case study a launch that takes the on-trend green tea powder and combines it with coconut water and high pressure processed fruit and vegetable juices to create a new health-enhancing ‘superdrink’ – Evolution Fresh Organic Coconut Matcha Smoothie. Launched …
Insight by Gama Compass™ MANCHESTER – 22nd January 2016: ‘Natural’ continues to be a cornerstone of product marketing in new food and especially new drinks launches, according to Gama’s latest study of claims in global new consumer goods. In product launches reported on Gama Compass™ over the course of 2015, ‘natural’ was the fifth most likely claim to be used by product marketeers, while two other ‘non-artificial’ claims – ‘no artificial …
Private equity firm Brynwood Partners has announced that it has agreed the acquisition of Sunny Delight Beverages from JW Childs. Based in Cincinnati, OH, USA, Sunny Delight Beverages was formed by JW Childs in 2004 in order to acquire the Sunny Delight brand from Procter & Gamble. Sunny Delight became an independent national beverage company and now turns over more than $400 million in gross sales, operates four manufacturing facilities …
Brown-Forman, the owner of the Jack Daniel’s brand and one of the top 10 largest spirits companies in the world, has announced that it has reached an agreement to sell its Southern Comfort and Tuaca liqueur trademarks to Sazerac, a spirits firm with its origins in New Orleans, LA, for $543.5 million. In a statement, the company said the decision to sell the brands was a reflection of its “evolving portfolio …
Diamond Foods, the US nut and snacks company, has announced the purchase of a 26% stake in UK-based popcorn manufacturer Metcalfe’s Skinny, financing the acquisition through cash on-hand. Metcalfe’s Skinny, whose current management board will continue to operate independently of Diamond Foods, is known for its ready-to-eat popcorn portfolio and other ‘better-for-you snacks’, primarily in the UK. In relation to the deal, Kettle Chips UK managing director Ashley Hicks said: …
American organic goods manufacturer Hain Celestial has announced that it has acquired UK-based fruit products maker Orchard House Foods. Orchard House Foods is a leader in prepared fruit, juices, fruit desserts and ingredients with facilities in Corby and Gateshead in the UK. Founded in 1985, the firm supplies retailers, on-the-go food outlets, food service providers and manufacturers Commenting on the acquisition, Hain Celestial president and chief executive Irwin Simon said: …
General Mills has announced that it has bought the meat snack company Epic Provisions for an undisclosed sum. Epic Provisions is an animal protein snacks company co-founded in 2013 by Taylor Collins and Katie Forrest, who will remain in the company after the acquisition. The company’s original Epic meat, fruit, and nut bars, available in varieties such as Bison Bacon Cranberry, Beef Habanero Cherry, Chicken Sesame BBQ and Pulled Pork …
AB-InBev, the world’s leading brewer, has signed a deal for the acquisition of Breckenridge Brewery, according to a report in Fortune. The acquisition is AB-InBev’s latest investment in the craft beer segment in a matter of days, with the company having secured the purchase of UK-based Camdem Town Brewery and Arizona’s Four Peaks Brewing within the space of a week. Breckenridge Brewery is one of the largest of AB-InBev’s craft …
Mondelez is set to launch new on-the-go protein snacks under its Enjoy Life name in a bid to increase brand recognition, according to a report in Bakery & Snacks. Claimed to be free from GMOs and allergens and rich in antioxidants, the new snacks have been developed to target consumers who snack at three specific time slots: 10:30am, 2:30pm and 9:30pm. The products are set to debut in the US …
Hostess Brands, the company behind the Twinkies brand, is negotiating the acquisition of Canadian manufacturer Give and Go, according to a report in Fortune quoting “people familiar with the matter”. Give and Go, which possesses brands such as Two-Bite miniature baked treats and Kimberly’s Bakeshoppe cupcakes and also manufactures private label products, was acquired by OMERS Private Equity firm Kilmer Capital Partners in 2007. Last September, Reuters reported that OMERS had been …
PepsiCo, the leading food and drinks firm, has announced that it is leaving the US yoghurt category by ending a joint venture it had established through its Quaker brand. In a statement, PepsiCo said that it would be abandoning the joint venture established with the Theo Muller Group, which led to the creation of a co-branded yoghurt under the Müller Quaker in 2012. The firm commented: “After determining that the …
Gama Innovation Award – Packaging MANCHESTER – 16th December 2015: This month, the Gama Innovation Award – Packaging goes to Purex Power Shot Laundry Detergent and its innovative ‘auto-dosing’ feature. New in the USA from Henkel, Purex Power Shot Laundry Detergent is promoted as “a no-mess, no-guesswork solution to laundry care”. Instead of manually measuring the liquid into a cup, consumers simply flip the bottle upside down to release the correct …
Walmart, the USA’s leading grocery retailer, has unveiled its own mobile payment called Walmart Pay in a bid to compete with tech players such as Apple and Google. Walmart Pay is a payment system adapted to Walmart’s iOS and Android mobile apps and is promoted as “a fast, easy and secure way for customers to pay with their smartphones in Walmart stores”. The system allows customers to make purchases at …
Insight by Gama Compass™ MANCHESTER – 11th December 2015: The breakfast foods space is being increasingly characterized by new functional claims, convenient and single-serve pack formats, and a diversity of product choices across a broadening range of categories, the latest research by Gama can reveal. Gama’s study, based on products reported on Gama Compass™ over 2014 and 2015, has examined trends and patterns in the world of cereals and breakfast foods, …
Coffee firm Keurig Green Mountain, the firm behind the Keurig Hot and Keurig KOLD beverage systems, has accepted a bid of $13.9 billion for the business from private German fund JAB Holding. The deal established the payment of $92 per share, in an agreement that represents a premium of approximately 77.9% over Keurig Green Mountain’s closing stock price on 4th December 2015, according to a company statement. Company president Brian …
Multinational FMCG firm Unilever has announced that it has sold the Motions, Just for Me, Consort, Groom & Clean brands, and African rights to the TCB brand, to the specialized multi-cultural hair care manufacturer, Strength of Nature. Georgia, USA based Strength of Nature markets a number of brands including Profectiv MegaGrowth, African Pride, Dream Kids, Beautiful Textures, Elasta QP, Soft & Beautiful, Soft & Beautiful Botanicals, Proline and TCB, the …
It has been announced that Atlantic Natural Foods (ANF) has entered into a letter of intent to acquire the assets of Neat Food, with both companies expecting the acquisition to be finalised by the end of 2015. According to a press release, ANF is looking to extend its portfolio with “shelf-stable protein-based alternatives” by adding the Neat Foods range of “meat-alternative, 100% vegetarian/vegan, non-GMO, and gluten free” products. ANF CEO …
High Ridge Brands, a personal care firm owned by private equity group Brynwood Partners, has announced that it is to sell the global assets and rights to seven of its personal care brands to The Village Company. The Village Company will add the Soft & Dri, La Bella, Dep, Pure & Natural, Mink Difference, Adorn, and The Dry Look brands to its portfolio, joining existing brands including Mr. Bubble and …
US food producer J&J Snack Foods has unveiled two filled varieties of its Oreo Churros for the retail market. A successor to the original unfilled Oreo Churros launched for the catering market (focused on leisure venues) in November 2014, Oreo Filled Churros come in the versions Creme Filled Oreo Churros and Oreo Churros Creme Filled Bites. The products, which are described as an exact 10 inch churro version of the …
US food manufacturer ConAgra Foods has announced plans to split its business into two independent public companies. According to the firm, the spin-off company Lamb Weston will contain the foodservice portfolio of frozen potato, appetizer and other vegetable products, whilst Conagra Brands, Inc. (Conagra Brands) will comprise the diverse consumer brands portfolio. Sean Connolly, president and chief executive officer of ConAgra Foods said: “The decision to separate into two pure-play …
Reuters is reporting that US grocery firm Supervalu is considering an outright sale of its discount Save-A-Lot chain, as opposed to the spin-off mooted in July. Quoting “people familiar with the matter”, the Reuters report noted that Supervalu had received some interest from private equity firms and that it would consider offers for Save-A-Lot once it had registered its intention to spin off the division in 2016. The value of …
Pinnacle Foods, a producer, marketer and distributor of food products and owner of the Bird’s Eye brand in the US, has announced that it has agreed to acquire Boulder Brands in a deal valued at approximately $975 million, including around $265 million of net debt. Describing the move as a “strategic, synergy-rich transaction”, Pinnacle said that the acquisition “expands Pinnacle’s presence in the natural and organic retail channel and provides Pinnacle with …
Gama Innovation Award – Positioning MANCHESTER – 23rd November 2015: This month’s Gama Innovation Award – Positioning goes to Earnest Eats Detoxifying Hot Cereal, a new line in the USA from Earnest Eats. Fusing the natural health benefits of porridge with the added functional value of superfood grains, fruit, plants and spices, Earnest Eats Detoxify Hot Cereals are promoted as “an edible detox to help you feel bright, balanced and energized” …
Leading alcoholic drinks firm Costellation Brands is looking to expand in the fast-growing craft beer market by announcing it will buy Ballast Point Brewing & Spirits for $1 billion. Ballast Point is a San Diego based company with 500 employees producing more than 40 different types of beer, led by its Sculpin IPA and Grapefruit Sculpin IPA brands, in addition to various labels of spirits. The partnership with Ballast Point …
Gama Innovation Award – Product MANCHESTER – 19th November 2015: This month, the Gama Innovation Award – Product goes to Bounty Kitchen Towel With Dawn, an innovation in the US household care market from Proctor & Gamble. Bounty Kitchen Towel with Dawn is promoted as “the first, and only, paper towel infused with the cleaning power of a dish detergent”. Featuring the tagline “activated by water”, the product is claimed to …
Labatt Breweries of Canada is acquiring a range of RTD, cider and spirit brands in a $350 million deal with the Mark Anthony Group. According to a report in Food In Canada, the deal will give Labatt ownership of brands such as Mike’s Hard Lemonade, Palm Bay and Okanagan Cider along with Turning Point Brewery in British Columbia, where the Stanley Park range is made. Labatt president Jan Craps commented: …
Insight by Gama Compass™ MANCHESTER – 12th November 2015: This month, Gama’s study of dynamics in new consumer goods launches looks at flexible packaging, focusing in particular on the penetration of pouch formats – in their varied manifestations and applications – across different categories and regions. Concentrating on the food, drinks and household industries, Gama has looked at new launches reported on Gama Compass™ over the last 18 months to …
North American packaged food firm ConAgra Foods has confirmed that it is to dispose of its Ralcorp private label operations, having entered into a definitive agreement to sell the unit to TreeHouse Foods. The deal is worth approximately $2.7 billion in cash, excluding transaction-related expenses. Under the terms of the agreement, ConAgra Foods said it would divest the vast majority of its private label operations, including a network of 32 manufacturing facilities in the US, Canada and Italy. The …
US-based food producer General Mills has announced plans to close two more plants as it looks to streamline its manufacturing operations globally, according to reports in Manufacturing.net and the Star Tribune. The company has earmarked two more facilities – one in the UK and one in New Zealand – for closure as part of its restructuring plans. The first is a plant in East Temaki, New Zealand that produces pasta, …
Breakfast cereal manufacturer Kellogg is in “late stage talks” with Diamond Foods over a potential acquisition of the company, according to a report in the New York Post. The newspaper quoted sources as saying that the value of the deal would be more than $1.5 billion, equivalent to $35 to $40 per share. The deal would see Kellogg move further away from its traditional territory of breakfast cereals and more …
According to reports in the Los Angeles Times and Supermarket News, the embattled Fresh & Easy retail chain is to begin closing down its network of stores in the USA. Disclosing in a statement that the chain was undertaking “the process for an organized wind-down”, the company said that it was now looking for a buyer for some or all of its remaining 97 stores. Commenting on the move, Fresh …
Insight by Gama Compass™ MANCHESTER – 16th October 2015: Lime and peach are the most popular flavours in new alcoholic drinks launches, according to the latest study of global NPD by Gama. Based on analysis of products reported on Gama Compass™ over the past 18 months, lime was the leading flavour across new alcoholic launches globally, featuring on just over 5% of products in the study sample. Second in the …
Long-standing food and beverage rivals PepsiCo and Coca-Cola are tussling over a stake in yoghurt-maker Chobani, according to a source quoted by Reuters. According to the agency’s source, PepsiCo and Coca-Cola are among the companies in discussion to seal a deal that Chobani hopes could value the company at around $3 billion, the source reports. The Greek style yoghurt maker is exploring the sale of a minority stake, including warrants …
Retail chains 7-Eleven and Walmart Canada are partnering on a pilot e-commerce pilot project in the Toronto area, according to a report in the Canadian Grocer. Under the scheme, consumers placing orders at www.walmart.ca will be able to have their orders delivered for pickup at one of six 24-hour convenience stores operated by 7-Eleven. The “Grab & Go” project is also said to be an extension of Walmart’s ‘locker service’ …
Several hundred Family Dollar stores – divested as part of the chain’s merger with Dollar Tree – are to be revamped under the banner of Dollar Express, according to a report in Supermarket News, quoting a source at investment banking firm Jefferies. According to the news agency’s source, Dollar Tree would continue to support the stores for two years before the name change came into effect. A total of 330 Family …
Mondelez International is contemplating a divestment of its cheese and grocery business in Europe, according to a Reuters report quoting “people familiar with the matter”. The value of the two business could be up to $3 billion, according to the Reuters story. Mondelez International separated its cheese and grocery divisions into a single standalone business in 2014, the same year that it merged its coffee business with that of D.E. …
PepsiCo has announced the launch of a new Rainbows version of its Frito-Lay Doritos tortilla chips in the USA. The product features the classic tortilla chips in a range of ‘rainbow’ colours and has been launched in partnership with the It Gets Better Project, which works for the welfare of the lesbian, gay, bisexual and transgender community. Doritos Rainbows is being released online and for a limited period only, available …
Diageo has announced the launch of a new India Pale Ale (IPA) for the US market that is said to make use of the same nitrogenation technology as its Guinness brand of stout. Guinness Nitro IPA is claimed to possess balanced flavour and aroma, creamy mouthfeel and a perfectly formed and long-lasting head of dense bubbles. It uses five hop varieties – Admiral, Celeia and the dry hops namely Challenger, …
Coca-Cola has become the first company to implement a custom emoji as a form of paid advertising on the social media platform Twitter, according to reports in FoodBev and Adweek. When Twitter users tweet with the hashtag #ShareaCoke, an emoji featuring two glass Coca-Cola bottles ‘clinking’ will reportedly appear in the post. “Coca-Cola is a massive global partner of Twitter and they have been pushing us for some time on …
In an attempt to streamline its natural and organic portfolios, US supermarket chain Meijer has joined its two private label brands Meijer Organics and Meijer Naturals into one single brand called True Goodness. The company is starting by transitioning 225 of its organic and natural products to the True Goodness brand. By early 2016 the company expects to expand the range to 325 products. The product range includes frozen foods, …
The latest innovation insight from Gama Compass™ MANCHESTER – 24th September 2015: This week’s Innovation Insight investigates how overarching food industry trends – from natural ingredients to adventurous flavour – are being increasingly expressed in the world of pet care, as we look at Nestle’s latest expansion of its Purina Beyond range – Purina Beyond Natural Puree for Dogs. Promoted as “natural meal enhancements” and designed to act as a flavoursome …
Inventure Foods, a natural crisps and snacks firm, has entered into the functional food segment with the launch of Protein Crisps under the Boulder Canyon brand. Featuring pea and lentil proteins, Boulder Canyon Protein Crisps are available in two flavours: Dark Chocolate – which is said to have a balanced chocolate flavour that doesn’t make it overly sweet – and Asiago Cheese – which is described as having a light …
Hot drink capsule firm Keurig Green Mountain and soup manufacturer Campbell’s have partnered to develop a new soup product in single serving K-cup pods. Designed to fit capsule hot drinks machines, the new product reportedly took two years to develop. It comes in two flavours: Southwest Style Chicken Broth & Noddle Soup Mix and Homestyle Chicken Broth & Noodle Soup Mix. Each serving is said to contain 70 calories. Each …
Single Cup Coffee, an Ontario, Canada based hot drinks capsule company, is said to be partnering with cocktail brand Skinnygirl in an attempt to drive autumn sales. According to Canadian Grocer, the firms, which distributes a number of brand beverages that are compatible with most single-serve brewing systems will be introducing seven cocktail-inspired teas and coffees under the Skinnygirl label. Robin White, vice president of sales & marketing at Single …
Dutch brewer Heineken is aiming to step up its presence in the US craft beer market with the purchase of a 50% stake in California’s Lagunitas beer brand. Lagunitas, claimed to be the fifth top selling craft beer in the US, is planning to expand globally by forming the joint venture with Heineken. The company said it would still operate independently in the USA. In a statement, Lagunitas asserted that …
Retail firm Ahold has opened the doors to Bfresh, the firm’s new fresh-focused store concept, in Allston, Boston, USA. According to the company, the new store represents “a complete departure from traditional brick-and-mortar grocery stores”. Although similar in concept to Everything Fresh – a store that the company opened in Philadelphia in 2013 – Bfresh is three times larger at 10,000 sq ft and is said to be a ‘learning …
Sobeys, Canada’s second largest food retailer, is looking to tap the ethnic market with the opening of its first South Asian discount grocery store, according to a report in Convenience Store News. Named Chalo! FreshCo – the word “chalo” meaning “let’s go” in South Asia – the new store is located in Brampton, Ontario and is 50,000 square foot in size. Visitors will reportedly be able to find thousands of …
MillerCoors, through its craft and import division Tenth and Blake, has announced that it has entered into an agreement to acquire a majority interest in Californian craft brewer Saint Archer Brewing. Founded in San Diego in 2013, Saint Archer brews an array of ales including Blonde Ale, IPA, White Ale and Pale Ale. The company expects to sell 35,000 barrels of beer in 2015, up more than 100% over 2014. …
Insight by Gama Compass™ MANCHESTER – 10th September 2015: North America is the leading region for low calorie claims but also for high calorie products in new food industry launches, Gama’s latest study of global FMCG product innovation can reveal. Focusing on products reported by Gama Compass™ over the last 18 months, Gama’s analysis has revealed the often stark variations, both in terms of low-calorie claims and actual calorie content, exhibited in …
San Francisco, US-based brewer 21st Amendment has created a new flavoured beer that is claimed to taste like Pop-Tart toaster pastries. The owners of the company reportedly came up with the idea after signing a lease for space in a factory that had previously been used by cereal maker Kellogg’s. According to a report in the magazine People, the launch is one of a growing number of breakfast and beer …
Heartland, a global leader in the production of liquid beverage enhancers as well as zero calorie sweetener products for the retail market, has announced that it has reached an agreement to acquire the Splenda sweetener brand from McNeil Nutritionals, a subsidiary of Johnson & Johnson. The value of the transaction was not disclosed. “We are very excited about our opportunity to own the Splenda® brand business and welcome a talented …
B&G Foods, a snack company which sells across the United States, Canada and Puerto Rico, is reportedly just one step away from acquiring the Green Giant frozen and canned vegetable business from General Mills. According to sources quoted by Reuters, B&G is in late stage discussions but General Mills could yet turn to other interested parties should negotiations fall through. Bonduelle, Cerberus and Platinum Equity are all said to have …
Granola snack bar producer Sunbelt Bakery has announced the launch of Protein Delights protein bars for the US market. Claiming to “chang[e] the expectation of how protein bars should taste”, Sunbelt Bakery describes the line as “featur[ing] a rich, indulgent taste unlike any other protein bar on the market today”. The individually-wrapped wafer bars contain six grams of protein, whole grain wheat and no preservatives, making them ideal for consumers looking to …
Insight by Gama Compass™ MANCHESTER – 27th August 2015: Innovation dynamics in tea and coffee are the subject of our latest study of product innovation from Gama Compass™. Based on introductions reported over the last 18 months, Gama has analysed factors such as claims, pack format and pack design to find that– despite often being bracketed together – tea and coffee often reveal quite significant differences in relation to both product …
McCormick, the US spices and seasonings specialist, has announced that it has completed the purchase of 100% of the shares of One World Foods, which sells the Stubb’s barbecue sauce range. According to McCormick, Stubb’s is the leading premium barbecue sauce brand in the US, while the product portfolio also includes marinades, rubs and cooking sauces. Annual sales of the business are projected to be $30 million in 2015 and are expected …
Flowers Foods, one of the largest producers of fresh packaged bakery foods in the United States, has announced that is has agreed to acquire Dave’s Killer Bread from its existing shareholders, including members of the Dahl family and Goode Partners, for approximately $275 million in cash. “We are very excited about the pending acquisition of Dave’s Killer Bread”, said Allen L Shiver, Flowers Foods president and chief executive officer. “This …
Confectionery manufacturer Perfetti Van Melle is to launch a range of ice cream and frozen desserts inspired by the flavour of its Airheads sweets. The company has partnered with Koldwave Foods, a wholly-owned subsidiary of Spring Creek Holdings, to launch its new range. Available in eight flavours – blue raspberry, cherry, watermelon, orange, green apple, pink lemonade, grape and strawberry – Airheads ice cream is said to feature ribbons of …
The latest innovation insight from Gama Compass™ MANCHESTER – 20th August 2015: This week Gama takes a look at a new effort to innovate with fragrance in the soap market through the launch of a product that marries the aspirational appeal of premium perfumery with the durability of scent release technology – Caress Forever Body Wash. Touted as “the world’s first body wash with Fragrance Touch Technology”, Caress Forever Body Wash, which …
The newly-formed Kraft Heinz business is to cut 2,500 jobs in the USA and Canada as part of a rationalization programme, according to a report in VC Post. According to VC Post, around 700 posts will be lost at the company’s headquarters in Northfield, Illinois. Kraft Heinz’s total workforce stands at 46,600, including 1,900 at the Northfield site. No factory posts are reportedly implicated in the restructure. Michael Mullen, Kraft …
Researchers at the University of California Berkeley and Taiwan’s National Chiao Tung University have developed a milk cap that is claimed to detect spoilage before the milk is poured. The closure has been made with a 3D printer and, according to Liwei Lin, professor of mechanical engineering at Berkeley, the breakthrough means that one day consumers may be able download files from the internet and print similar packaging devices at …
The dairy producer WhiteWave Food has agreed to purchase Wallaby, a manufacturer of organic dairy yoghurt , for approximately $125 million. The deal, subject to regulatory approval, is expected to be completed in the third quarter of the year. The acquisition of the California-based Wallaby will provide WhiteWave with a larger portfolio of yoghurt and kefir beverages as well as a West-Coast based facilities and growth opportunities, according to a …
Toronto-based company SunOpta has purchased Niagara Natural, which grows and manufactures non-GMO and organic fruit snacks, for approximately $6.7 million. The based in Ontario company, Niagara Natural, has around 35 employees and is expected to generate approximately CAD 10 million (USD 7.7 million) in revenue in 2015. With the acquisition SunOpta is extending its business in fruit snacks and will have manufacturing operation in both the East and West of …
Tetra Pak has introduced Tetra Top, a paper-based bottle, to the US market through the Just Water brand of spring water. According to the manufacturer, Tetra Top offers new possibilities to beverage companies, being both recyclable and having environmental benefits in the manufacturing process. “Tetra Top provides brands with a distinctive look in a crowded marketplace and helps them meet their sustainability goals. It looks great and is easy to …
Procter & Gamble has announced its fiscal year results, showing growth of 1% in organic sales and a decrease of 5% in net sales. “In fiscal 2015, P&G delivered strong, double-digit constant currency core EPS growth and very good free cash flow productivity of over 100% on modest organic sales growth”, said chairman, president, and chief executive officer AG Lafley. “We made significant productivity gains and have largely executed the …
Mexico-based bakery firm Grupo Bimbo has announced the acquisition of Italian Home Bakery, the company’s third Canadian acquisition in just over a year. In a conference call, the company’s CEO Daniel Servitje said that the deal had been finalised but did not disclose the amount of the transaction. Toronto-based Italian Home Bakery produces fresh European-style breads and rolls and frozen bread products and its products are sold in foodservice chains …
Hain Celestial, a natural and organic food and healthcare company, has announced the acquisition of Mona Group for an undisclosed amount. “This acquisition increases the scale of our plant-based operations to over $100m net sales in Europe in a growing category of branded and private label products, while providing us with additional manufacturing capacity”, Hain Celestial president and CEO Irwin D. Simon said. Mona offers a wide range of organic …
The latest innovation insight from Gama Compass™ MANCHESTER – 23rd July 2015: The latest attempt to bring functional benefits to the alcoholic drinks sector is Gama’s innovation focus for this week, as we look at a new craft beer seeking to piggyback on the craze for all things protein – Mighty Squirrel High Protein Beer. New to Boston, MA in the USA, Mighty Squirrel High Protein Beer is advertised as a …
Mars is continuing its programme of expansion at its manufacturing sites by investing an additional $100 million in a new 90,000-square foot chocolate facility in Topeka, Kansas, USA, to meet increasing demand. The move follows recent expansion by the company both in the US and overseas, including at the Wrigley facility in Flowery Branch, Georgia and the Mars Chocolate North America site in Albany, Georgia. In addition, Mars recently announced …
Pabst Brewing, the world’s largest American owned beer producer, has announced that it will open a new brewery in Milwaukee, Wisconsin on the site of the original Pabst Brewery, which was closed in 1966. Consisting of an investment of roughly $3 million to $5 million, the brewery will serve as Pabst’s hub for innovation and new product ideas and will brew “pre-prohibition” brands such as Old Tankard Ale, Kloster Beer, …
In the past two days General Mills has announced plans to close a further two facilities in the US as part of its programme of cost reduction. In Joplin, Missouri, the company said it would shut its manufacturing facility on Junge Boulevard, which manufactures snack products and has been operated by General Mills since 2014, by the end of the year. A facility on Stephens Boulevard in the same location, however, is …
Scottish craft beer maker BrewDog has formally announced plans to open its first brewery overseas with the construction of a facility in the mid-Western United States. The full-scale 100,000 square foot craft brewery is to be sited in Canal Winchester, located in the Columbus Region of Ohio, USA and will be constructed at a total cost of $30.4 million. The facility is expected to open by August 2016. The new …
Prima Chai is taking “the labour intensive process of preparing traditional Indian tea” by launching a ready-to-drink chai tea for consumers in Canada. According to a press release, the tea was created by Tas Cheema “using a family recipe passed down through generations” after he had identified “the need for an authentic Chai that met the needs of his modern South Asian family”. Commenting on the launch, Mr Cheema said: …
Walmart is developing a new technology which could one day could replace barcodes and reduce supermarket checkout times, according to an article in TheDrum. The US retail giant is reportedly experimenting with invisible watermarks on product packaging, meaning that products could be recognised using a single scan anywhere on their surface area, rather than a defined strip. The technology, which is being created by Walmart’s Lab 415-C, could help speed …
Insight by Gama Compass™ MANCHESTER – 9th July 2015: Gama turns its attention to the household care industry for its latest analysis of product launches reported by Gama Compass™, focusing on innovation patterns in the air care, laundry & fabric care and cleaners & detergents markets. According to Gama’s analysis, leading the way from a fragrance perspective in new household care launches was lavender, appearing almost twice as frequently as …
Golden County Food, a developer of product solutions for the frozen appetizer and snack category, as well as being the world’s largest supplier of frozen filled potato skins, has been acquired by Monogram Appetizers, a manufacturer of company-owned and licensed brands, co-packed and private label value-added processed meats. “This was a great day for Golden County Foods, its employees, creditors, customers and the Village of Plover, Wisconsin”, said Dave Wiggins, …
Kellogg’s is going ‘back to basics’ with the launch of Origins, a line of six cereals, granolas and muesli that are claimed to be prepared simply, with no artificial flavours or hydrogenated oils. The new range comes on the market as part of the launch of new 40 products across the US and features Fruit & Nut Blend and Ancient Grains Blend cereals, Raisin Apple and Cranberry Almond with Pumpkin …
7-Eleven is expanding its private label range in the USA with two new snack lines under the 7-Select GO!Yum and 7-Select GO!Smart names. The new lines are said to have been inspired by customer feedback and aim to “satisfy consumer requests for variety in both indulgent and better-for-you products”. “We set out to surpass customer expectations with products exclusively available at 7‑Eleven stores. We are confident that we are exceeding …
New Zealand dairy producer Synlait has signed an agreement with Munchkin Inc. to launche a new infant formula in the US and China. Munchkin is a California, US-based company that develops infant and toddler products including feeding accessories, toys and security equipment. The infant formula is claimed to be made under the Grass Fed standard where cows are required to graze exclusively on a pasture and crop-based diet, with no …
The latest innovation insight from Gama Compass™ MANCHESTER – 26th June 2015: The use of combination packs to target specific health needs is the subject of Gama’s innovation focus for this week, as we look at a new line seeking to unite health drinks and natural snacks through common functional benefits: Daily Serving Functional Juice + Snack Mixes. Comprising a two-part ‘kit’ of a fruit or vegetable drink packaged together …
General Mills has announced that it is to remove artificial flavours and colours from artificial sources from its cereals range in the USA. In a website post, the company said it had “heard that artificial ingredients aren’t what you are looking for in your bowl”. “The change affects roughly 40 percent of our cereals over the next two to three years. Currently, about 60 percent of our cereals already are …
Bissell Maple Farm has announced that it is to launch Pappy & Company Bourbon Barrel-Aged Pure Maple Syrup for the US market. The new syrup is described as being aged in 23 year-old barrels that have previously been used to distil Pappy Van Winkle Bourbon in order to obtain a gourmet version which “transcends pancakes and waffles”. Louise Van Winkle Breen from Pappy & Company said: “There are other barrel …
Prairie Farms has launched three limited edition Chef’s Splendour milks which are claimed to “set the standard for new flavour adventures”. Made with “family-sourced reduced fat milk” which is said to be free from artificial growth hormones, the product comes in Sea Salt Caramel, Dark Chocolate Truffle and Vanilla Chai Latte flavours. According to an article in FoodBev, the flavours have been specially crafted by “Prairies Farms’ corporate chef” and …
Nestle USA has recently announced plans to remove artificial flavours and reduce sodium in its frozen pizza and snack products by the end of 2015. The company said that the “changes will affect more than 250 products across six brands”. Foodbusinessnews reports that by the end of the year the products will contain no artificial flavous and will see sodium reduced by 10% compared with 2013 levels. Nestle will also …
Cher-Make Sausage Company has expanded its 100 Calorie Chicken Sausage line with the launch of Mild Italian Chicken Sausage and Pepperjack Chicken Bratwurst. The varieties are new to a range that already includes Chicken Bratwurst. According to an article in Prepared Foods, the bratwurst products feature a traditional brat flavour and texture containing all-natural chicken while the sausage variety is seasoned with fennel, garlic, and red bell peppers. Tom Chermak, …
German discount retailer Lidl has confirmed that it is planning to enter the US market, initially by establishing a headquarters and distribution centre in the country, according to a report in Supermarket News. Promising “a unique experience for American consumers that will be unlike anything else in the market”, the firm, which is part of the Schwarz group, said that the former Lidl Ireland president Brendan Proctor would be tasked …
Insight by Gama Compass™ MANCHESTER – 11th June 2015: The key characteristics of new ice cream & dessert products are the subject of Gama’s latest analysis of recent launches from Gama Compass™, examining in particular how private label launches compare to the market as a whole in terms of category breakdown, price and brand positioning. Encompassing launches reported over approximately the last 12 month period, Gama’s research shows that dairy-based …
Campbell Soup Co. is looking to expand within the packaged fresh food category with the acquisition of Garden Fresh Gourmet for $231 million. According to an article in Food Business News, Garden Fresh Gourmet, which generated $100 million in net sales last year, is the leading US brand in refrigerated salsa and also produces hummus, dips and tortilla chips. Following the acquisition, it will become part of Campbell’s Fresh division. …
Henkel and Coty have made offers to buy separate parts of P&G’s beauty businesses, worth up to a combined $12 billion, according to a report in Reuters quoting “people familiar with the matter”. The sale of one or more personal care assets would be in line with the stated strategy of P&G’s new CEO, AG Lafley, to focus more on the company’s core business, Reuters continues. According to the source …
Smithfield Foods Inc, which is a wholly-owned subsidiary of WH Group, has announced the sale of its entire equity interest in Campofrio – one of Europe’s biggest packaged meat firms – to Alfa for $354 million in cash. Through Sigma Alimentos, Alfa is a leading producer, marketer and distributor of highly recognized branded foods in Mexico, the United States and Europe. Commenting on the move, C. Larry Pope, Smithfield’s president …
The latest innovation insight from Gama Compass™ MANCHESTER – 5th June 2015: Inventive innovation in the breakfast cereal category is Gama’s new product focus this week, as we take a look at a launch that is seeking to bolster the popularity of cereal as a summer breakfast food – Post Ice Cream Pebbles Rainbow Sherbet Breakfast Cereal. Introduced as an extension to the Post Pebbles range in the US, Post …
Sweetener maker Cumberland Packing Corp has announced its entry into the ready-to-drink beverage market with the launch of In The Raw soft drinks. Promotoed as “perfectly sweetened” with a blend of fair trade certified sugar and zero-calorie stevia, the beverages are said to contain half the amount of sugar of leading full-calorie brands and only 70 calories. Steven Eisenstadt, CEO of Cumberland Packing Corp, commented on the launch: “”We understand …
Gama spoke to Tim Brown, President & Chief Executive Officer, Nestle Waters North America. What are your day-to-day activities as President & Chief Executive Officer ? As President and CEO of Nestlé Waters North America, I have the opportunity to oversee a complex commercial operation with one goal: bringing healthy, hydrating beverages to homes and businesses across the U.S. and Canada. In any given day, I can find myself …
UK-based wine and spirits firm Diageo has announced plans to shut down bottling operations at its Relay facility in Maryland, USA, according to reports in the US media. A company spokesperson is reported as saying that the facility was “significantly underutilized” and that the move would help “optimize the company’s supply footprint”. “Following a comprehensive analysis of business and market factors, we have decided to cease bottling operations there in …
In the US, Estee Lauder has introduced Nutritious Vitality8, a new product range tailored to Asian skin. Promoted as being “infused with our exclusive Pomegranate8 Complex™ to activate the 8 key dimensions of healthy looking vitality for skin that’s Nourished, Hydrated, Energised, Calmed, Supple, Refined, Smoother, Radiant”, the new Nutritious Vitality8 collection features a Radiant Dual-Phase Emulsion priced at $62, a Moisture Creme priced at $62, an Overnight Creme/Mask priced at $68 …
Nestle is expanding its hot snacks range with the launch of new Snack Bites and Breakfast Bites under the Hot Pockets brand. Hot Pockets are claimed to feature freshly-baked crusts around a blend of premium Hickory Ham, Signature Pepperoni and 100% real cheese. Commenting on the launch, Christopher Brody, marketing manager for Hot Pockets, said: “Today’s millennials aren’t sitting down to a traditional three meals a day, so the lines …
PepsiCo has unveiled four new flavours for its AMP Energy brand line in the USA. New Strawberry Limeade, Passionfruit, Blueberry-White Grape Zero and Watermelon Zero join the existing Original and Cherry Blast variety. Greg Lyons, vice president of marketing, AMP Energy, commented on the release by saying: “We knew energy drink fans were craving some serious flavour innovation in the category. So we made flavor our number one priority when …
Hormel Food Corporation has announced it has entered a definitive agreement to acquire Applegate Farms for approximately $775 million. Applegate is a leading maker of natural and organic prepared meats including deli meat, hot dogs, bacon, chicken strips and burgers. According to the deal, Applegate will operate autonomously as a standalone subsidiary in the company’s Refrigerated Foods segment. “A growing number of consumers are choosing natural and organic products. This …
Confectionery firm Ferrero has launched new a version of its Tic Tac sweets that are claimed to create a “flavour changing experience”. According to Bloomberg, Tic Tac Mixers are aimed at “young consumers who hate being bored” and is the company’s first major innovation since 2008. Todd Midura, Marketing Director for Tic Tac in the USA, commented on the launch by saying: “it was really born from looking at consumer …
PepsiCo has unveiled the launch of Pepsi Lemon, a flavoured Pepsi made with lime juice and designed to meet the taste preferences of Hispanic consumers. “Handcrafted” and “made with just the right amount of authentic lime juice”, the new product was developed in collaboration with Adelante, PepsiCo’s employee association that fosters relationships with the Hispanic community, the company said. “Pepsi knows the importance of authentic flavour and delivering on its …
Mars Chocolate North America has unveiled Goodnessknows, a new square snack bar based on nuts, fruit and chocolate. Goodnessknows Snack Bars are said to contain 150 calories and “100 milligrams of naturally occurring cocoa flavanols” per four-square serving. Each is “made with whole nuts, real fruits, toasted oats and dark chocolate…nestled in a layer made with dark chocolate”. “Healthier ways to snack are important right now—and people want it all …
Scottish Spirits Ltd, the producer of drinks under the ArKay brand, has announced the launch of what is claimed to be the world’s first collection of non-alcoholic spirits, designed especially for Muslim consumers. Scottish Spirits first hit the headlines in 2011 when it launched what was described as the first non-alcohol whiskey. The new ArKay range features halal-certified, alcohol-free beverages that are said to offer the same taste and aroma …
Ito En North America, a Brooklyn based company that focuses on green tea beverages, has partnered with Whole Foods Market to launch a line of unsweetened matcha tea in the USA under the Matcha Love brand name. Matcha Love Organic matcha tea is said to be brewed with 100% organic matcha and whole green tea leaves, and follows the launch in January 2015 of Ito En Matcha Love Culinary Matcha. …
Insight by Gama Compass™ MANCHESTER – 13th May 2015: The reality of steadily climbing obesity rates across the world has become a hot political topic and, with the threat of increasingly stringent regulation of high-calorie, high-fat and high-sugar food and drinks ever present, the potential impact of rising obesity levels on FMCG categories is now impossible for the industry to ignore. In the latest study of recent product launches reported …
Vilore Foods, the US importer and distributor of the La Costena and Jumex brands, has collaborated with Captura Group, a Hispanic digital agency, to launch a content marketing platform focused on Mexican cuisine, according to a report in Portada Online. Named Mexico Rico and avaialble at Mexicorico.com, the website is designed to showcase traditional and contemporary Mexican recipes based on products from the La Costena and Jumex brand ranges. Speaking …
Whole Foods Market is planning to open a sister-chain of smaller, lower cost stores in the USA in response to increasing competition, according to reports from Dow Jones Business News and CNN. Speaking during a conference call, Whole Foods Market said the new stores would be complementary to its existing brand, targeting a type of customer who is cost-conscious but who is also looking for the high standards of food …
Bacardi has expanded its range of white rum with the launch of a new ‘super premium’ Gran Reserva Ron for the US market. Claimed to be the ultimate white mixing rum for cocktail connoisseurs looking for superior character, Gran Reserva Maestro de Ron is described as being double-aged using white oak casks that impart soft notes of oak and a smooth taste. “We are thrilled to announce the launch of …
Balance Bar, the US producer of nutritional energy bars, has expanded its portfolio with a new bite-sized snack which is said to be “perfect for grab-and-go munching”. Balance Bites Pop-able Snacks are positioned as “perfect for an on-the-go afternoon snack or a wholesome addition to your breakfast mixed into Greek yoghurt”. In addition, they are claimed to have only 190 calories and 13 grams of protein, and to be gluten …
The latest innovation insight from Gama Compass™ MANCHESTER – 7th May 2015: In this week’s innovation focus, Gama looks at how growing bottled water sales in the US combined with increased consumer health awareness may start to shape the future of both the bottled water and energy / sports drinks categories, examining a new spring water infused with caffeine and electrolytes – 3 Pure Spring Water. Unveiled in 2014 with …
Gerber, one of the leaders in the US baby food market, has introduced its latest product which is said to “help babies learn to chew and make transition to table food easier”. Gerber 3rd Foods Lil’ Bits recipes are said to be based on “a unique and revolutionary cooking method” that produces “perfectly-sized soft pieces to help babies master the essential chewing developmental milestone”. The new line is described as the …
General Mills Inc has announced it will invest $250 million to increase capacity at its plant in Murfreesboro, Tennessee. The new investment, which aims to increase the capacity of the Murfreesboro plant and will include the addition of two production lines, is part of “Project Century”, the company’s company-wide restructuring plan. The plant, which currently produces Yoplait yogurt and all of the company’s Toaster Strudel products, is expected to take …
The latest innovation insight from Gama Compass™ MANCHESTER – 30th April 2015: The evolution of coconut and chocolate as key ingredients in functional products is Gama’s theme this week, as we look at a “superfood” beverage that brings together raw cacao beans and cold pressed coconut in a new “nutrient rich” product – Rau Chocolate and Coconut Cacao Superfood Drink. An extension to the line of “world first” cacao superfood …
Massimo Zanetti Beverage USA (MZB) has announced that it is rolling out a 100% compostable single serve coffee pod in an effort to reduce packaging waste. In a move that is described as a first for the USA, MZB said it would convert its entire portfolio of single-serve coffee pods to the compostable PurPod100™ format by the end of the year. The PurPod100™, developed by Club Coffee of Canada, is …
PepsiCo has recently announced the removal of aspartame from Diet Pepsi against a backdrop of falling sales and consumer safety concerns. As reported by USA Today, an aspartame-free Diet Pepsi “sweetened with sucralose and ace-K” will be available for consumers from August. The source also reports PepsiCo as saying that the new Diet Pepsi “tastes the same as the old one”, while large lettering on the packaging will make it …
SkinnyPop Popcorn, a producer of ready-to-eat popcorn products, has announced that it has added Paqui Brand Tortillas and Tortilla Chips to its portfolio. Paqui produces tortillas and tortilla chips said to be crafted with unbleached, untreated flour or by stone grinding corn. currently sold regionally in Kroger and Whole Foods stores. “We are thrilled to welcome the Paqui brand to the better-for-you family of snack food brands”, said Tom Ennis, …
Nestle Waters is looking to expand its carbonated water business in the USA as sales of bottled water begin to outpace soft drinks, according to a report in the Wall St Journal cited by CPSnet. The company will tap into the trend for flavoured waters both by launching new products and by expanding capacity, with seven new production lines set to be built in 2015. New products are said to …
Alpina has announced the launch of what it claims is the first ever line of yoghurt infused with coffee. Called Alpina Cafe Selections, the line contains real Colombian coffee, “not just coffee flavouring found in the dairy aisle”. It also includes protein and caffeine and contains 120 calorie per cup which “provides a great option for breakfast or an afternoon snack”. According to Gustavo Badino, Alpina Foods’ general manager: “Thirty-four …
Heaven Hill Brands is launching a new PeachBerrry variety of Raven’s Lace Whiskey, in a move which is said to offer “an alternative to masculine dominated flavored whiskeys”. Available in the US from June, Raven’s Lace PeachBerry Whiskey is described as a blend of “juicy peach and sweet strawberry flavors with the smoothness of Bourbon whiskey”. “We see tremendous opportunity for consumer diversification in flavored whiskey”, said Hannah Venhoff, Brand …
The Wrigley Company, the global chewing gum firm that is a subsidiary of Mars, Inc., has begun construction on a new $63 million factory in Kenya. The new plant will be sited on a 20-acre plot of land in Mavoko as a replacement for a previous facility located in Nairobi’s Industrial Area. It is expected to produce 7.84 billion pellets of chewing gum annually once the factory commences its production …
Starbucks is to start selling an exclusive smoothie line in 4,300 outlets across the US through a partnership with the dairy giant Danone, according to a report in 4-Traders. The new product will reportedly feature Starbucks’s Evolution Fresh Juice blended with a Dannon Greek yoghurt and will be sold at shops in Washington State, Oregon, Alaska, Northern California and Idaho. Priced at $5.95 for a 16-ounce size, the smoothies will …
Campari America, the American subsidiary of Davide Campari-Milano S.p.A, has expanded its Skyy vodka line-up with the launch of a range of flavoured vodka called Skyy Barcraft. The new launch is said to be aimed at meeting consumer demand for craft cocktails at home “but without the multiple steps and hard-to-find ingredients”. Skyy Barcraft, as the name suggests, is promoted as replicating “the experience you would find in a premium …
Gama spoke to David Butler, Vice President, Innovation and Entrepreneurship, Coca-Cola. What are your day-to-day activities as Vice President, Innovation and Entrepreneurship? My current focus is leading our Coca-Cola Founders platform. We’ve designed a repeatable and scalable model for co-creating seed-stage startups with a global network of founders. I spend the majority of my time working directly with our portfolio companies on various aspects of their businesses and with …
Bacardi has expanded its portfolio of super-premium spirits with the acquisition of Louisville-based Angel’s Share Brands, Louisville Distilling Co., and its Angel’s Envy™ brand. The company said the deal marked its entry into the bourbon category of the North American whiskey sector. “We have a clear strategy aligned to meet consumer needs in premium spirits and are building an even stronger portfolio through innovation and acquisition. The purchase of Angel’s …
US meat producer Tyson Foods has announced plans to reorganise its business in South Georgia, USA, including the discontinuation of its Buena Vista plant and reduced operations at its facility in Dawson. According to the company, the planned Buena Vista closure is “due to a combination of factors including changing product needs, the age of the facility and the prohibitive cost of its renovation”. The decision will affect around 190 …
The supermarket chain Fresh & Easy, which primarily operates in the western United States, has announced plans to close a significant number of its stores as part of a plan to “rationalize its store base”, according to reports. In a statement, the company said it would “divest stores that do not meet the criteria of Fresh & Easy’s model of modern convenience”. Although the company did not cite numbers, it …
Canada Bread Ltd, a wholly owned subsidiary of Grupo Bimbo, has announced that it is to close its 50,000 sq. ft. bakery in Halifax, Nova Scotia next November. Canada bread’s Halifax factory has 105 employees and produces sliced breads and English muffins primarily under the Ben’s, Dempster’s, Villaggio and private label brands. The decision to close the plant was taken due to growing competition in the sector, the company said. …
Leading global FMCG manufacturers Kraft and Heinz are set for a merger that will create the third-largest food and drinks company in the USA and the fifth-largest in the world, according to reports. The merger is set to come about with the acquisition of Kraft Foods Group Inc. by Brazilian private-equity firm 3G Capital, in partnership with Warren Buffett’s Berkshire Hathaway Inc. The consortium had previously acquired Heinz two years …
Lancaster Colony, a manufacturer and marketer of specialty food products for the retail and foodservice market, has announced that it is to acquire Flatout Holdings, a producer of branded flatbread products predominantly for retail channels. Lancaster Colony is acquiring Flatout from private equity firm North Castle Partners through its wholly-owned subsidiary T. Marzetti Company for a price of appoximately $92 million on a cash-free and debt-free basis. Bruce Rosa, President …
The latest innovation insight from Gama Compass™ MANCHESTER – 20th March 2015: The value of functional branding in convenience food categories is explored in Gama’s feature innovation for this week – Fresh Express Functional Health Salad Kits. Comprising a Hearth Health kit, an Antioxidant kit and a Digestive Health kit, the new Fresh Express line of functional convenience salads is being launched in the US by Chiquita Brands as an …
Nestle Canada is re-launching the packaging of its Smarties confectionery to make it easier for consumers to eat the product in healthier portion sizes, according to a report in the Canadian Grocer. The new packaging format is 45 grams compared to 50 grams previously, and each box is described as being divided into three compartments containing 15 Smarties, adding up to 70 calories. Catherine O’Brien, vice-president of corporate affairs at …
PepsiCo’s Frito-Lay division has expanded its Cracker Jack brand range, unveiling a new variety of popcorn flavoured with chocolate and peanut butter. The new popcorn is described as being coated with sweet and savoury chocolate peanut butter flavor and is promoted as ““add[ing] fun to your family’s next snacking occasion”. Haston Lewis, senior director of marketing at Frito-Lay, commented: “Chocolate peanut butter is among the most popular flavor pairings of …
WhiteWave Foods Company is reportedly in talks to buy meat substitute manufacturer Quorn, according to an article in The Journal. WhiteWave Foods, which owns brands such as dairy free milk alternative Alpro and meat substitutes Silk and So Delicious, is reported to be having preliminary discussions with the Teeside-based firm. Originally launched by Marlow Foods, Quorn Foods was purchased by Premier Foods before being sold to Exponent Private Equity in …
Canada’s food and pharmacy retail leader Loblaw has announced that it is planning to invest C$1.2 billion ($950 million) in an expansion programme over the coming year. The company said the investment would consist both of 50 new store openings and renovations and improvements to more than 100 existing stores across Canada. Funds have also been earmarked for its e-commerce offering, supply chain and infrastructure, the company said in a …
The latest innovation insight from Gama Compass™ MANCHESTER – 5th March 2015: This week Gama revisits the trend for textural variety in food and drinks products with a look at a new juice blend containing nuts, seeds and berry pieces – Harvest Soul Chewable Juice. Promoted as being “unlike typical juice drinks”, Harvest Soul Chewable Juice from Harvest Soul Inc. in the USA features a blend of “fruits, vegetables and …
WhiteWave Foods has launched Yulu, an new yogurt brand claimed to be similar in style to Australian-style products. Said to be positioned as an alternative to Greek and Greek-style yoghurt, White Wave Yulu is described as an “Aussie-Style Yoghurt”. Featuring a double-blending process called“Double Smoothe”, claimed to create an extra creamy texture, it is also said to contain nine grams of protein per pot. Commenting on the launch, Blaine McPeak, …
McCormick, a leading US producer of spices and flavourings, has announced that it has signed a definitive agreement to acquire 100% of the shares of the Italian company Drogheria & Alimentari (D&A). Founded in 1880, D&A has approximately 120 employees and a manufacturing facility located in Florence, Italy. Like McCormick, the company is active in the spices and seasonings sector. “We are pleased to expand our portfolio of leading brands …
Mondelez International has announced the acquisition of Enjoy Life Foods, a private snack company in the “free-from” market segment. The Enjoy Life portfolio comprises more than 40 products including cookies, chocolate, snack bars, and savoury snacks. “As we focus on continuing to drive growth in snacking, the acquisition of Enjoy Life Foods is a great strategic fit for us”, said Mark Clouse, Chief Growth Officer at Mondelez International. “The Enjoy …
Mondelez International, the company behind brands including Cadbury, Oreo, Lu and Philadelphia, has reported that it generated $34.2 billion of revenue in 2014, including a negative 5.1 percentage point impact from currency, representing a drop of 3.0% on the previous year. Operating income meanwhile fell 18.4% to $3.2 billion, including a negative 12.4 percentage point impact from restructuring costs and a negative 8.7 percentage point impact from cycling the prior-year reversal …
Wellness Foods has introduced Simply Veggie Savoury Bar, a range of savoury granola bars made with vegetables, in Canada. According to Wellness Foods, the development of the line came as the result of a a survey in which 70% of respondents said they felt fuller after eating a savoury snack than a sweet snack. Each of the new bars is said containing one full portion of vegetables and more protein …
Campbell Soup is expanding its range under the V8 brand with the launch of a new shelf-stable beverage range featuring vegetables with a “touch of fruit”. The new line-up includes four varieties: Healthy Greens with spinach, yellow carrots, apples & pineapple, Purple Power with purple carrots, beets & apple, Golden Goodness with sweet potatoes, yellow carrots, orange carrots & orange, and Carrot Mango with a blend of carrot and mango …
US household goods producer SC Johnson has announced that it is expanding its reach in the professional cleaning sector with the acquisition of Deb Group, a company focused on hygiene and skin care systems for the industrial, commercial, healthcare and food markets. Deb, a group of 23 companies active in 18 markets, supplies a range of products for workplace and public settings, including heavy-duty hand cleaners, foaming hand soaps, antibacterial …
Hershey has announced that it has entered into an agreement to acquire the meat snack maker Krave Pure Foods for an undisclosed amount. Krave is an all-natural jerky brand producing a range of more unusual flavours including Black Cherry Barbeque Pork Jerky, Basil Citrus Turkey Jerky and Chili Lime Beef Jerky. “Krave Jerky is a great fit to our portfolio and overall snacks and adjacencies strategy”, said Michele G. Buck, …
Tyson Foods Inc, one of the world’s largest beef, pork, prepared foods and poultry producers, has announced that it is to invest $100 million dollars at its site in Georgia, USA to maximise efficiency and meet growing demand for its products. The plant currently produces chicken for foodservice customers, but will now convert to supply fresh tray pack chicken to meet the needs of regional retail customers, the company said. …
Kimberly-Clark, which is active in markets including household paper and baby care, has reported stable revenues for the 2014 calendar year. Sales of $19.7 billion were 1% higher than 2013 and organic sales rose 4%. Operating profit was down to $2,521 million in 2014 from $2,903 million in 2013, although adjusted operating profit increased 5% to $3,184 million. Adjusted operating profit comparisons benefited from organic sales growth, FORCE cost savings …
PepsiCo has unveiled its latest release for the US snack market: a new sweet flavour for its Cheetos puffed corn snack. The new limited edition Cheetos Sweetos are described as cinnamon sugar puffs that “take the spring snacking experience beyond chocolate bunnies and marshmallow candies, providing a fun twist to traditional treats”. Commenting on the launch, vice president of brand marketing for Frito-Lay North America, said: “This is not a …
Cereal maker Post Holdings has announced that it is aiming to complete the purchase of rival Mom Brands as part of its strategy to expand and strengthen its position in the cereal market, according to a report from Reuters. The transaction will reportedly consist of a payment of $1.05 billion in cash together with a transfer of 2.5 million shares. Mom Brands, whose portfolio includes Malt-O-Meal, Frosted Mini Spooners, Golden …
Leading bakery and snacks producer Mondelez International is to roll out a Red Velvet version of its Oreo sandwich cookie as a limited edition for Valentine’s Day. Featuring a bright red colour and a cream cheese flavour filling, the cookie will reproduce the colour and the flavour of the fashionable red Velvet cake, according to reports. “The brand decided on Red Velvet Oreo as its latest flavor as part of …
Johnson & Johnson has closed 2014 recording total sales of $74.3 billion, an increase of 4.2% versus 2013. In the Worldwide Consumer division, however, sales of $14.5 billion for the full-year 2014 represented a decrease of 1.4% compared to 2013, consisting of an operational increase of 1.0% and a negative impact from currency of 2.4%. Domestic sales decreased 1.3% while international sales decreased 1.4%, reflecting an operational increase of 2.3% …
Dannon, the US arm of Danone, has introduced a new high-protein milkshake drink as it tries to tap into demand for on-the-go, high protein products. The new Dannon Light & Fit range is said to contain 12 grams of protein and 5 grams of fibre per serving, as well as being free of fat. Commenting on the launch, Amanda Soled, Registered Dietitian and Associate Health Affairs Manager at The Dannon …
Dannon, the US subsidiary of Danone Group, is releasing a new variety of its Oikos Greek-style yogurt to meet increased demand for high-protein foods. Supported by Cam Newton of the NFL, Oikos Triple Zero contains 15g of proteins and features three ‘zero’ claims: no added sugar, no artificial sweeteners and no fat. The product is aimed at changing the current market where yoghurt is disproportionately consumed by women as compared …
Hawaiian Host, a Hawaii-based manufacturer of chocolate-coated macadamia nuts, has entered into an agreement with leading confectionery producer The Hershey Co to acquire the Mauna Loa Macadamia Nut Corporation for an undisclosed amount, according to reports in ABC News and Khon2. Mauna Loa is one of the world’s largest processors of macadamia nuts and was originally purchased by Hershey in 2004, ABC News reports. Commenting on the deal, Keith Sakamoto, …
Ito En, a leading producer of green tea, is releasing a new matcha powder for culinary uses – Ito En Matcha Love Culinary Matcha. Finely milled matcha powder is fast becoming a popular ingredient for its rich umami taste and antioxidant rich benefits, Ito En said. Ito En Matcha Love Culinary Matcha is packaged in a 100 gram tin and can be used for baking or cooking, whether for sweet …
Nutroganics has announced that it has signed a letter of intent to acquire certain assets of the organic soy yoghurt producer Wholesoy & Co. Wholesoy is a leading soy yoghurt brand distributed nationally to natural foods retailers such as Whole Foods and specialty grocers such as Fairway Market. The company generates approximately $7 million in annualized revenue. “Wholesoy is a terrific brand in the natural foods industry, which would fit …
Hershey has extended its manufacturing capacity in North America, as well as expanding its brand portfolio, through the acquisition of the Canadian confectionery firm Allan Candy. Allan Candy owns brands including Allan, Big Foot, Hot Lips and Laces and more than half of its current manufacturing capacity is used to make Hershey Sweets & Refreshment products such as Jolly Rancher hard candy and Lancaster caramels for North America. “The acquisition …
PepsiCo has released Tostitos Rolls!, a new corn tortilla chip with a tube-like shape. With their tubular shape, Tostitos Rolls! are designed for dipping and dunking with a variety of dips or spreads and are promotes as being especially suited to social gatherings. The new product is especially recommended with Tostitos Queso Blanco dip, a product introduced in late 2013 that incorporates a creamy blend of Monterey jack and cheddar …
Unilever has announced that it has expanded its frozen dessert portfolio with the acquisition of the Minneapolis-based ice cream firm Talenti Gelato & Sorbetto. The purchase adds a complementary packaged gelato to the company’s ice cream category, joining brands such as Ben & Jerry’s, Breyers, Fruttare, Good Humor, Klondike, Magnum and Popsicle, Unilever said in a statement Talenti products are made from the finest ingredients and using artisanal production methods, …
Boulder Canyon, a manufacturer of kettle chips, canyon cut crisps and speciality snacks, has released a new line of limited edition crisps inspired by Thanksgiving dinner. The new line of flavoured kettle cooked potato chips is described as a “unique spin on the classic meal” and comes in a choice of four varieties, each “inspired by the irresistible flavors enjoyed on Thanksgiving Day”: “savory” Turkey & Gravy, Stuffing, Cranberry (referencing …
The Coca Cola Company is planning a move into the dairy market with the launch of a new milk brand called “Fairlife”, according to a report in the Guardian. The new product, which is due to be launched in the US next month, is said to cost twice as much as regular milk and to contain 50% more protein and 30% less sugar. Coca Cola’s global chief customer officer, Sandy …
Amcor, a specialist in rigid plastic packaging for the food, beverage, spirits, home/personal care, and healthcare industries, has developed A-PEX63TM, a new system which introduces the use of metal lug closures to blow-and-trim 24oz hot-fill plastic jars. The “breakthrough technology”, which is claimed to be a first for the food packaging industry, was said to be achieved through the use of advanced design and engineering techniques. Bunlim Ly, Amcor’s senior …
The Hershey Company has launched a new chocolate spread based on its long-standing Reese’s Peanut Butter Cup brand. The traditional sweet, comprising a disc of milk chocolate filled with peanut butter, has inspired Hershey’s new spread which blends chocolate and peanut flavours. “Reese’s Spreads offer an authentic Reese’s experience to fans who are looking for delicious snack options throughout the day”, said Daren Russ, Brand Manager, Food & Beverage Enhancers …
Pinnacle Foods Inc. is to enter the plant protein market with the acquisition of the Canadian firm Gardein Protein International. Garden is a manufacturer of a broad range of frozen substitutes for traditional animal-based protein formats, such as chicken strips and tenders, ground beef and fish fillets. The acquisition, which includes a manufacturing facility in Vancouver, British Columbia, and nearly 250 employees, has a purchase price of CAD$175 million ($153.8 …
Reynolds America Inc is to launch new Revo “unconventional cigarettes” that heat tobacco rather than burning it, releasing tobacco-flavoured vapour instead of traditional smoke, according to a report from AP. Revo is described as a rebranded version of the previous Eclipse heat-not-burn product introduced in 1990s and uses a technology based on a carbon tip to heat tobacco after it has been lit. J. Brice O’Brien, head of consumer marketing …
Marc Jacobs Beauty has taken another step towards social media based e-commerce through the launch of an app that allows consumers to receive purchase information about products through the @marcjacobsbeauty Instagram profile. As the Instagram platform does not allow the use of active hyperlinks, the company has instead created an e-commerce service in which shared images are linked to product -emails. After providing their e-mail address and Instagram handle, users …
Diageo has has expanded its Crown Royal Canadian Whisky portfolio with the launch of Crown Royal Regal Apple, a blend of hand-selected Crown Royal whiskies and Regal Gala apples. Promoted as a blend that creates the ideal balance of flavour and whisky, Regal Apple is said to open with a slightly tart, crisp, apple flavour with notes of caramel and light spice finishing on a crisp apple note with balanced …
KeVita, a producer of sparkling probiotic drinks, has partnered with Whole Food Market to launch the new KeVita range of Cleansing Probiotic Tonics. The new functional drink, which will be made available in more than 300 Whole Food Market stores, is said to offer restorative benefits and feature significant doses of functional ingredients in addition to the brand’s other attributes including low calorie, USDA Organic, gluten-free, non-GMO and vegan benefits. …
Pinnacle Foods Inc. has released its fiscal results for the third quarter ended 28th September 2014, reporting “strong growth in earnings”. Compared to the same period last year, net sales rose 9%, a result attributed by Pinnacle to the benefit of the company’s acquisition of Wish-Bone and the growth of the base business. Net earnings and diluted earnings per share advanced approximately 17%, while net sales for North America Retail, …
In a move designed to strengthen its position in Asia Pacific, Mondelez International has announced the acquisition of an 80% stake of Kinh Do Corporation’s snack business in Vietnam for $370 million. Mondelez said it would leverage Kinh Do’s manufacturing capabilities and comprehensive distribution network, as well as adding well-loved brands include Kinh Do mooncakes and biscuits, Cosy biscuits, Solite soft cakes and AFC crackers to its own regional brand …
Belgium-based retailer Delhaize Group has announced that it has signed an agreement to sell its Bottom Dollar Food store locations in the USA to Aldi Inc. The move affects Bottom Dollar Food’s 66 store locations in the greater Philadelphia and greater Pittsburg areas of the country. According to Delhaize, the outlets will remain open under the Bottom Dollar name until the end of the year, at which point they will …
DS Services, a national direct-to-consumer provider of bottled water, office coffee and water filtration services, is to be acquired by Cott Corporation, a manufacturer of soft drinks products. In a statement, Cott said DSS Group had entered into a definitive merger agreement to be acquired by Cott Corporation for approximately $1.25 billion or approximately 7.1x 2014E adjusted DSS EBITDA, including the assumption of debt and the issuance of preferred shares …
Three new varieties featuring chia seeds are to join the Stonyfield Organic range of Greek yogurt in the USA. Stonyfield Organic Greek and Chia Yogurt is a new addition to the Stonyfield dairy products range and features fruit and hydrated chia seeds at the bottom of the cup. Available in blueberry, strawberry/cranberry and blood orange flavours, it will be sold in 5.3 ounce containers for an RRP of $ 1.99. …
The uncertainty over the future of the Chiquita business appears one step closer to being resolved as the company announced that it had signed a definitive merger agreement with Cutrale Group and Safra Group. In August, Chiquita announced that it had received an unsolicited offer from the two Brazilian companies – the former one of the world’s largest orange-juice suppliers and the latter an investment firm – having previously agreed …
In a novel twist on the personalisation trend, Nestle has announced a new platform for its Purina brand that allows owners to create a unique dog food blend designed to meet the individual needs of their pet. Described by Nestle as “the first time a major pet food producer has moved into the personalised food category for dogs in the US market”, the system works via an online platform called …
Food giant Mars Inc has announced plans to invest $31 million in operations and new R&D facilities at its plant in Greenville, MS, USA, Food Business News reports. The facility manufactures products for brands such as Uncle Ben’s, Seeds of Change and Abu Siouf, the latter being a range exported to the Middle East. Apu Mody, President of Mars Food North America, said: “This is an exciting day for Mars …
Higher Liner Incorporated, a North America frozen seafood company has acquired salmon importer Atlantic Trading LLC. Atlantic Trading is one of the largest importers of frozen Atlantic salmon, sourcing its fillets and portions from Chile and Norway and selling them in frozen raw (unprocessed) and value-added formats. Atlantic Trading is also a large importer of fresh salmon products under the brand C.Wirthy & Co who sells its products to a …
Kraft Foods is to launch a new version of its Philadelphia cream cheese, cobranded with Oscar Mayer, that contains bits of bacon. The new product is due to come on the market after 18 months of development, during which time the company has focused efforts on balancing the flavour of bacon with that of cream cheese. Chris Hjorth, senior director for Philadelphia said: “Bacon is a hard flavour to get …
Ocean Spray has revealed the launch of Ocean Spray Pact, a new product made with cranberry extract and purified water. According to Ocean Spray, Pact contains PACs (proanthocyanidins) extracted from cranberries which are said to help the body to “cleanse and purify better than water alone”. “Consumers are looking to hydrate in a more meaningful way,” said Ken Romanzi, chief operating officer of global brands at Ocean Spray. “They want …
PepsiCo, the beverage & snacks company, has reported its Q3 results, posting an increase of 3.1% in organic revenues with beverages and snacks increasing by 1%. Chairman and CEO Indra Nooyi said: “We delivered good third quarter results in the face of an ongoing challenged macroeconomic environment driven by increasing volatility in the emerging markets and continued sluggish consumer demand in developed markets”. Ms Nooyi continued: “Our organic revenue grew …
Suntory has added to the line of Jim Beam flavoured bourbon whiskey with the launch of the spicy Jim Beam Fire. According to Suntory, Jim Beam Kentucky Fire features the flavor of red hot cinnamon liqueur to deliver a fiery kick and a smooth finish that makes for a perfect shot. “We’ve led the category in flavor innovation in recent years with Red Stag by Jim Beam, Jim Beam Maple …
Flavors Holdings Inc. (Flavors) has announced the acquisition of Merisant Company, a manufacturer and marketer of tabletop sweeteners. Flavors is a holding company that is an indirect wholly-owned subsidiary of MacAndrews & Forbes Holdings Inc. and the parent entity of Mafco Worldwide Corporation, a manufacturer of licorice extract and related derivatives. “We are very excited about this acquisition, as Merisant’s reputation and offerings in the tabletop sweetener industry will complement …
Sunny Delight Beverages (SDCB) has revealed Sparkling Fruit2O Lime Twist, its latest fruit-flavored sparkling water drink range featuring a hint of lime. The launch comes as a result of research which the company says shows that many consumers already add lime to their favourite drinks. “Our line of Sparkling Fruit2O Lime Twists provides a completely unique offering in the sparkling beverage category. This new line has helped us to rise …
Diageo, the world’s leading alcoholic drinks producer, has expanded its Baileys Irish Cream Liqueur portfolio by adding a new fruit-flavoured version – Chocolate Cherry. The new liqueur is described as a modern update on the classic Irish Cream that blends the flavours of luscious chocolate and seductive dark cherries for a unique Baileys taste experience. Stephanie Jacoby, liqueurs brand director at Diageo, commented: “With the launch of new Baileys Chocolate Cherry, …
PepsiCo is diversifying its Pepsi cola range with the launch of a new brand, Pepsi True. Pepsi True is a new stevia-sweetened product that will be available exclusively for online purchase on Amazon. With 30% fewer calories than standard cola, Pepsi True hits shelves shortly after the launch of the stevia-sweetened Life brand from rival Coca Cola, and two years after the launch of Pepsi’s own mid-calorie brand Next. Although …
Mondelez International has announced plans to invest $90 million in a new biscuit plant in Bahrain in order to meet rising demand from the Middle East & Africa for biscuit brands such as Oreo, Ritz and TUC. In a statement, Mondelez said that the planned facility would be its most advanced manufacturing site in the region, and In the initial two- to three-year phase the new plant would operate four …
A partnership between Bacardi-owned Grey Goose and Virgin Galactic which will see see the vodka brand become a sponsor of the first commercial space flight into space has been announced by Virgin Galactic founder Sir Richard Branson at the Rose Space Center and Planetarium in New York. The partnership will be celebrated by iconic media, exclusive content, experiential events, limited editions and consumer retail, the two companies said in a …
US cosmetics company Urban Decay is reportedly to open its first retail store in Newport, Connecticut in early November. According to Cosmetics Business, the location close to the company’s headquarters is 1000 sq ft in size and will feature make-up stations, a customised foyer, digital video wall and a bathroom wallpapered with pictures of the employees’ dogs. Along with selling its usual range – already available in chains such as …
Voga Italia has expanded its collection of wines with the launch of a new red wine blend called Red Fusion. The wine is made from a blend of 65% Zinfandel and 35% Cabernet Sauvignon grapes and is sourced from Salento in south-eastern Italy. “Red Fusion offers consumers the choice of a distinctive blend of two popular varieties vs a conventional, single-varietal wine,” said Alberto Pecora, president of Enovation Brands which …
McDonald’s Canada has concluded a partnership with Kraft Canada to enter into supermarkets across the country with the McCafe brand. By the end of the month the fast food chain will produce and distribute McCafe Premium Roast Coffee in multiple formats, including fine grind as well as single-cup brewing systems such as Tassimo and Keurig. A similar move has recently been announced by McDonald’s in the USA, but there the …
Campbell’s in Canada has refreshed more than 50 SKUs in its lineup with new labels, new reformulations and the launch of new varieties. The revamp sees the reformulation of heritage brands such as Classic Chicken Noodle (the company’s biggest seller) as well as a debut for new flavours such as Homestyle Rustic Lentil, Creamy Tomato and Italian Wedding. Moya Brown, senior director of marketing at Campbell, explained that the new …
The WhiteWave Foods Company has announced an agreement to acquire So Delicious Dairy Free for approximately $195 million in cash. So Delicious Dairy Free produces plant-based beverages, creamers, cultured products and frozen desserts under the So Delicious Dairy Free brand. “The acquisition of So Delicious represents a great addition to the WhiteWave portfolio and fits squarely within our strategy of driving growth in our core businesses,” said Gregg Engles, Chairman …
Dream Foods International, a specialist in organic juices and natural ethnic foods, has announced the acquisition of the Casa Mexicana brand from Hispanic Specialty Brands for an undisclosed sum. Products available under the Casa Mexicana brand include taco seasoning mixes, boxed rice and dry soups. Dream Foods International said that the acquisition of Casa Mexicana would expand its brand portfolio and allow it to continue focusing on healthy and gourmet …
In a further development in the battle to acquire discount retailer Family Dollar, General Dollar has had an all cash tender bid of $9.1 billion for the company turned down. And Family Dollar, which had already agreed terms on a $8.5 billion takeover by smaller rival Dollar Tree, has urged shareholders not to accept the tender offer from General Dollar. In a statement, Family Dollar said it considered the offer …
Beam Suntory has released Pinnacle CranApple Vodka, adding to an existing line with more than 40 flavours. The new variety in the imported premium vodka brand range is characterized by a blend of tart cranberries and sweet green apples and is being released just in time for autumn festivities, Beam Suntory said in a statement “CranApple was created to embody one of our favorite flavor fusions: sweet apples and tart …
Discount retailer Dollarama has announced that it is set to expand towards 1,200 Canadian locations over the coming years, Canadian Grocer reports. The chain, which operates 917 stores, said that it expected to continue adding locations annually until it reached a saturation point of some 1,200 stores under its current store format. It said its approach would be not to offer more lower margin grocery or pharmaceutical items. The news comes …
The Evolution Fresh brand line, part of the Starbucks group since 2011, has been expanded to include new varieties based on organic chia. The new Cold-Pressed Organic Splendid Carrot smoothie is said to feature carrots accented with a sweet citrus burst from orange and pineapple. Chia seed powder, cucumber, ginger and turmeric are said to combine to provide a nourishing and bright celebration of carrot. Meanwhile Cold-Pressed Organic Avocado Greens …
CPG giant General Mills has announced that it is to acquire Annie’s, a leading US producer of branded organic and natural food products, for $820 million. According to a company statement, Annie’s will join the General Mills US natural and organic product portfolio, which includes the Cascadian Farm, Muir Glen, Larabar and Food Should Taste Good brands that together generated net sales of approximately $330 million in its latest fiscal …
Cargill, the largest privately held corporation in the United States in terms of revenue, has revealed that it has agreed to purchase the global chocolate business of the food processing and commodities trading firm Archer Daniels Midland (ADM). The transaction is valued at $440 million and includes ADM’s three North American chocolate plants, located in Milwaukee (Wis.), Hazleton (Penn.), and Georgetown (Ontario) as well as three in Europe: Liverpool (UK), …
US multinational retail corporation Walmart has launched a new service designed to make it easier for customers to collect goods they have purchased online. According to the company website, the “Grab & Go” service allows the customer to place an order through Walmart’s online store and pick it up at any location equipped with one of 40 “lockers” designed for the purpose. During the checkout process, the consumer chooses their …
Inter Parfums has announced its results for the second quarter ended June 30th, reporting that net sales of ongoing brands increased by 22.1% to $118 million from $97 million while net income increased to $6 million from $4 million in 2013. Cosmetics Business reports that Europe-based operations generated ongoing brand sales of of $95 million, an increase of 31.2% on last year’s $72 million in the same period. Of this, …
Elizabeth Arden’s financial woes have continued as the multinational cosmetics firm reported a net loss of $155.9 million for the fourth quarter of its financial year, compared to a loss of just $5 million for the same period of the previous year. The results comes on the back of a $26.5 million loss in the third quarter, itself 20 times greater than in the equivalent period of 2012/13. Total annual …
Nail varnish manufacturer OPI has launched its first full size neon shades for consumers, a move described by the company as a “welcome addition to OPI’s permanent line”. The Beauty Hub reports that the line arrives in time for summer with electric shades of lemon-lime, tangerine, hot pink, coral, lime and purple. Suzi Weiss-Fischmann, OPI Co-Founder & Executive VP explained that: “with hands and feet constantly on display during warmer …
Avon has reported total revenue of $2.2.bilion for the second quarter of 2014, 13% lower than the same period of 2013. According to Cosmetics Business, net income based on continuing operations was $20 million compared with $85 million in the same period of the previous year, while the company’s net debt stood at $1.9 billion as of 30 June 2014. This figure was said to be $170 million less than …
The JM Smucker Company (JM Smucker), an American manufacturer of fruit spreads, ice cream toppings, beverages, shortening and natural peanut butter, has announced the signing of a definitive agreement to acquire Sahale Snacks, Inc. (Sahale). Sahale is a leading manufacturer and marketer of premium, branded nut and fruit snacks, which are primarily sold in the United States. Its net sales are projected to be approximately $50m for the 2014 calendar …
Dollar Tree, the largest discount retailer in the US, has announced that it has entered into a definitive merger agreement under which it will acquire rival chain Family Dollar in a cash and stock transaction. The transaction, which has been unanimously approved by the Boards of Directors of both companies, is expected to close by early 2015, at which time the Family Dollar shareholders will receive $59.60 in cash and …
Peet’s Coffee & Tea, Inc. has acquired Mighty Leaf Tea in a partnership with private investment firm Next World Group, Food Business News reports. The acquisition of Mighty Leaf Tea, a handcrafted tea manufacturer which makes artisanal teas in a compostable mesh pouch, is aimed at bolstering Peet’s presence in the premium tea market. Mighty Leaf Tea will continue to operate independently and will have full access to Peet’s resources, …
Cereal company Quaker Oats has agreed to remove trans fats from its Oatmeal to Go and Instant Quaker Oatmeal products by the end of next year after agreeing to settle on long-running litigation over its product labelling and trans fat content. The company, which is part of the PepsiCo group, said that it would now reformulate its oatmeal line to remove all partially hydrogenated oils, a move which is estimated …
American-based multinational P&G is planning to reduce its portfolio, shedding up to 100 brands, Fortune reports. Speaking to industry analysts, P&G Chief Executive Alan Lafley said the company planned to focus on the 70 to 80 brands which account for around 90% of its sales and 95% of its profits. Mr Lafley, who rejoined the company after serving in the same role from 2000 to 2009, commented that focusing on …
Christian Louboutin, the famous Parisian shoe designer, has recently revealed a new nail polish which is said to be the designer’s first product within the beauty industry. According to Premium Beauty News, the nail polish, which is in the brand’s “signature” colour of red, is named Rouge Louboutin and is described as a “timeless, vibrant red suited to any skin tone”. Said to be inspired by the Ballerina Ultima shoe, …
The worlds of wine and coffee collide in an unusual new launch featured by Gama this week – Friends Fun Wine Coffee-Flavoured Wine. New in the US, Friends’s melding of coffee and wine is the latest addition to the company’s range of low-alcohol “fun wines”, which come in cans and primarily target party occasions. Blending sweet coffee flavours with red and white wine, Friends’s latest invention focuses on novelty taste …
Cereal giant Kellogg has announced it intention to close its plant in Columbus (Georgia) with the loss of 325 jobs. The move is part of a restructuring program named Project K which will reduce 7% of the company’s global workforce over the next four years and which is expected to generate cash savings of between $425 million and $475 million by 2018. “As with any project that impact people, these …
Wal-Mart has announced that it has promoted Greg Foran to president and CEO for its US operations. He will succeed Bill Simon, who will be transitioning out the company, the company said in a statement. Mr Foran will start his new role at the beginning of August, reporting directly to Doug McMillon, President and CEO of Walmart. Mr McMillon said :“Greg is one of the most talented retailers I’ve ever …
This week Gama takes a look at an in-vogue category in the health and beauty industry – exfoliant powders – with the debut of Boscia Tsubaki Oil-Infused Exfoliating Powder. Boscia Exfoliating Powder, a new launch available in markets including the USA, Canada and Malaysia, is an illustration of the growing interest in powder exfoliants as an alternative to more traditional scrubs and gels. One of a series of products from …
Agropur, Canada’s largest dairy group, has continued its spate of M&A activity by agreeing to buy American dairy company Davisco International, Food Business News reports. The terms of the acquisition, although not fully disclosed, include Davisco three cheese processing factories in Le Sueur, Minn. Jerome, Idaho, and Lake Norden, S.D., and also an ingredients plant in Nicollet, Minn, the company said. Agropur President Serge Riendeau said “With over $1 billion …
Coca-Cola Co. has reported its sales for its fiscal second quarter, revealing results below analyst expectations. The lower than expected numbers were primarily due to poorer performance in its flagship North American market where demand weakened for Diet Coke, according to media reports. Sales volume in North America was flat despite a significant increase in marketing around the World Cup. Carbonates including Coke, Fanta and Sprite saw gains, but executives …
Hain Celestial Group has acquired the remaining 51.3% of the Hain Pure Protein Corporation (HPP) for $40 million. Announcing the deal in statement, Hain Celestial said it had purchased the remaining amount from an affiliate of Pegasus Capital Advisors. HPP is an antibiotic-free and organic poultry company, with products ranging from fresh and frozen Free Bird chicken and Plainville Farms turkey, to private label products in the USA. In fiscal …
According to Premium Beauty News, Birchbox has launched its first retail store in New York City after defining itself through an online store and “beauty boxes” sent to subscribers. The store is said to feature 2,000 products from 250 brands including Smashbox, Caudalie, Jouer, Supergoop!, Cynthia Rowley, Baxter of California, Lab Series, and Art of Shaving, with the concept based on insight and feedback from the company’s active subscribers: editorial …
Nestle has extended its Pure Life water brand in the USA, with a new fruit-flavoured Exotics range, Just Drinks reports. Described by Nestle as being “made by infusing all-natural essences of exotic fruits into sparkling water”, the range is free from both calories and sweeteners, according to packaging claims. Exotics targets consumers “who are moving away from carbonated soft drinks and other sugary beverages towards water as healthy hydration”, the …
Lindt & Sprungli has acquired the American confectionery company Russell Stover Candies, in a move that will see Lindt become the third largest chocolate manufacturer in the USA. The company announced that the deal would allow it to penetrate further into the American market through brands including Lindt, Ghiradelli, Russell Stover and Whitman’s. Russell Stover Candies was founded in 1923 and is based in Kansas City. The company has annual …
In a move that is set to shake-up the US tobacco market, Reynolds American Inc, the second-largest player in the country, has acquired the third largest, Lorillard Inc for $25 billion, or $27 billion including debt. Reynolds, which owns brands such as Camel and Pall Mall, will now get a stronger foothold in menthol cigarettes through Lorillard’s Newport brand, described by Reuters as a growing brand in a cigarette market …
ConAgra Foods, the American consumer goods company, has agreed to acquire the Chinese potato processor Tai Mei Potato for $93 million, Food Business News reports. The acquisition will expand ConAgra’s Lamb Weston operations, enabling it tap into the growing Chinese market for frozen potato products, the company said. Lamb Weston president Greg Schlafer commented: “We’ve been doing business in China and throughout Asia for more than 25 years, leading the …
This week Gama turns its attention to the haircare market – and the growing influence of glamour trends in the health & beauty industry – with the launch of Drybar Gold Mine Shimmering Leave In Conditioner. Recently unveiled for the summer season in the US, Drybar Gold Mine Shimmering Leave In Conditioner is a hair conditioner and cosmetic product highlighting the trend for products which add a touch of “glitz” …
Walmart is formulating plans to invest in smaller store sizes in an attempt to kickstart growth, according to reports from Giro News and the Wall St Journal. According to Giro News, the company’s mantra of “Everyday low prices” is no longer distinctive and the discounter has seen its price differential with rivals Target and Kroger shrink from 20% to 5% in recent years. The new plan is to open 300 …
Private equity firm Brynwood Partners VII has bought the struggling Juicy Juice brand from Nestle USA, Food Business News reports. Specialised in reduced sugar products for children, the Juicy Juice brand has seen its sales drop back in recent years due to increasing concern about healthy products. “We look forward to bringing renewed focus and attention to this great brand that has, and continues to hold, a special place with …
Jamie Oliver and Sobeys have teamed up to launch a “Compilations Presents: Jamie Oliver Discovers Canada” line, with the stated aim of helping Canadian consumers make the most of summer. The Canadian Grocer reports that the limited-edition summer-themed product will include 13 SKUs and is in line with Sobeys’ promise to provide consumers with sustainable product offerings. According to Gillian Kerr, Vice President of marketing at Sobeys, “The line is …
The US Supreme Court has recently ruled that POM Wonderful LLC may take Coca-Cola to court over claims that the latter’s marketing of Minute Maid pomegranate blueberry juice is misleading to consumers. Food Business News reports that the juice contains 0.3% pomegranate juice and 0.2% blueberry juice while less expensive apple and grape juice combine to make more than 99% of the drink. The report goes on to describe that …
Stated to be in support of its home state Vermont’s new labelling law on genetically-modified organisms (GMOs), Ben & Jerry’s has changed the name of its Chocolate Fudge Brownie to Food Fight Fudge Brownie. Entering the GMO debate, Jerry Greenfield, co-founder of Ben & Jerry’s commented: “Vermonters want the right to know what’s in their food. Renaming Chocolate Fudge Brownie to Food Fight Fudge Brownie will help put some dough …
After previous reports that Hillshire Brands would merge with Pinnacle Foods Group, the former has recently announced that the company’s board of directors have suggested terminating the agreement and instead moving forward with acquiring Tyson Foods, Inc for around $8.5 billion. This decision puts the the ball back in Pinnacle Food’s court, according to Food Business News. In a statement, Hillshire Brands said:“In accordance with the terms of the Pinnacle …
Nestle is aiming to capitalize on growth in the snack and breakfast food markets in the USA by launching new items under its Lean Cuisine and Stouffer’s brands, Just Food reports. The move is part of an attempt by Nestle to revitalise frozen sales by focusing on growth categories. According to data quoted by Just Food, while frozen foods in the US have seen sales decline over the last two …
Global wine and spirits company Diageo has announced plans to build a distillery and six barrel storage warehouse on 300 acres of land in Shelby County, Kentucky, USA. The estimated investment will be $115 million and Diageo plans to have the distillery operational by 2016. Approval for the new facility, which will distill bourbon and North American whiskey brands, is being awaited from local authorities. Larry Schwartz, president of Diageo …
Wrigley has recently announced plans to launch Orbit for Kids, a new sugar-free gum marketed at children. The sugar-free gum is claimed to help and protect the teeth by stimulating saliva flow, neutralising plaque acids and helping to keep them clean. According to DentistryIQ, the gum is recognised for its benefits and has been awarded the American Dental Association’s Seal of Acceptance. Dr. Amanda Seay, spokesperson for Orbit for Kids …
Peeps, the marshmallow chick confectionery which is normally only available at Easter, will now become a year round snack in response to consumer demand, according to manufacturer Just Born. As reported by Food Business News, the iconic confectionery debuted 61 years ago and has benefited from steady innovation in more recent years. Although precise figures are not released by the company, Business Week states that sales figures have remained strong …
Nestle has launched 200 limited edition jars for its Nescafe coffee fitted with “alarm clocks” in the cap, as part of its “Wake Up To Life” campaign. The alarm clocks feature seven different tones synchronized with small pulsing lights designed to gently rouse the consumer from sleep. According to PSFK, each “alarm cap” is made via high resolution 3D printing and assembled by hand. The cap features an LED interface …
Shares in cosmetics manufacturer Elizabeth Arden are said to have dived by up to 23% – the sharpest fall in five years – after the company reported an unexpected loss. As reported by the BBC, the company’s sales fell by 20% to $ 211 million due to weak demand in North America and heavy discounting overseas. It has reportedly hired investment bank Goldman Sachs to investigate. According to E Scott …
According to media reports, Coca-Cola has raised its stake in Keurig Green Mountain Inc. from 10% to 16% to become its largest shareholder, owning more than 26 million shares. The company had bought an initial stake in Keurig Green Mountain of 10% in February. The move is part of efforts by Coca-Cola to focus more on coffee and countertop carbonation. The “purchases demonstrate our continued belief that Keurig Green Mountain …
Hillshire Brands has announced that it has agreed terms with Pinnacle Foods Inc through which Hillshire Brands will buy all remaining shares of Pinnacle Foods in a cash and stock deal. Under the terms of the agreed deal, each Pinnacle Food common stock share will be traded for $18.00 USD in cash and 0.50 shares of Hillshire Brands common stock. The total value of the deal will be around $6.6 …
Chobani LLC, a Greek yoghurt manufacturer, has announced plans to branch out and expand its product portfolio from June 2014. The expansion will see Greek Yogurt Oats, Chobani Indulgent, Chobani Kids and Chobani Kitchen products added to the company range. Food Business News reports that Greek Yogurt Oats is a line of chilled Greek yoghurt mixed with fruit and oats, while the Indulgent line targets the dessert sector and features …
Energizer Holdings Inc has announced its plans to split into two separate companies as it looks to rationalize its business. The move would see the company split into two new businesses – one focused on personal care and one on household products companies – and is scheduled for the second half of 2015. The decision comes as the disposable battery market is faced with increasing pressures as consumers move towards …
Following to a successful quarter with record sales, the Hain Celestial Group Inc is said to remain confident in continuing growth from recent acquisitions and is predicting particular gains for its Rudi’s brand, expecting it to achieve a value of $100 million. Hain purchased Rudi’s Organic Bakery, a leader in the natural channel with a presence in growth categories such as wholegrains, organic and gluten free, for $61.3 million in …
It has been announced that Estee Lauder Cosmetics Inc, has raised full-year earnings-per-share guidance for 2014. The company said growth was based on prestige beauty, new product launches and stabilising international markets, and follows a recent announcement by the company that it had recorded double-digit growth in both profits and sales in the third sales. Estee Lauder President and CEO Fabrizio Freda commented: “We had a terrific quarter, with all …
This week Gama looks at a recent attempt to bridge the gap between younger and older male alcohol consumers – Seth & Riley’s Garage Hard Lemon Drink. Launched by Carlsberg in a number of global markets, Seth & Riley’s is the latest in a recent swathe of ‘hard’ alcoholic fruit-based drinks that typically target men. Such drinks provide an alternative for male consumers dissuaded by the more typical fruit-flavoured FABs, particularly …
Coca Cola has announced plans to remove a controversial chemical ingredient from its drinks portfolio following sustained public pressure. Brominated vegetable oil (BVO) has been linked by researchers to health issues including memory loss and skin and nerve problems. The ingredient, which is banned in the EU and Japan but permitted in the US at a maximum concentration of 15 parts per million, is used as a stabilizer in some …
Procter & Gamble has launched the new Sweet Dreams collection fabric care regimen supporting the National Sleep Foundation’s Sleep Awareness Week 2014. This line is claimed to be formulated with ingredients to clean, soften and freshen bedtime fabrics (e.g. linens and pajamas), helping to create an ideal sleep environment. The range is claimed to be unique, with not many fabric care products claiming to directly help consumers sleep better. The …
Global company Starbucks Corporation is said to be in advanced talks to acquire 10 percent of SodaStream International Ltd. The home carbonated beverage machine company reportedly has a value of $1.1. billion. Starbucks’ offer reflected a 30 per cent premium on the $850 million market price of SodaStream, it is ireported. According to Australian Food News, sources suggest that SodaStream was seeking a partner, similar to the agreement between Coca-Cola …
Greek yoghurt manufacturer Chobani is said to have secured a $750 million capital investment from private investment firm TPG Capital. As reported by Food Busines News, as part of the investment agreement TPG will have representation on the company’s board of directors, while Hamdi Ulukaya (Chief Executive Officer for Chobani) will serve as chairman. Mr Ulukaya spoke of the investment by saying “Chobani has experienced tremendous growth and leads one …
This week Gama looks at a significant mainstream move for protein enhancement, with the launch of Kraft Philadelphia 2x Protein Cream Cheese Spread. Recently debuted in the USA, Philadelphia 2 x Protein is a new version of the classic cream cheese which, as the name suggests, contains twice as much protein (4g vs 2g per serving) as the standard version. Available in regular and honey flavours, the new product is …
The Kellogg Co. is said to be taking a fresh approach to connect with Hispanic families with a new digital platform, Dias Grandiosos. According to Food Business News, the platform features recipes, tips, articles, and content designed for Hispanic families. Christopher Rivera, associate director of multicultural brand marketing at Kellogg commented on the platform launch by saying: “Dias Grandiosos is grounded in the understanding that Latinas are trying to find balance …
It has been reported that The Hillshire Brands Co. has agreed to acquire Van’s Natural Foods from private equity firm Catterton Partners. The company has said it will pay $165 million in the deal. The acquisition would broaden Hillshire’s portfolio of frozen food products and extend the company’s reach into the cereal and snack categories with the Van’s product line featuring products such as chips, cereals, crackers, french toast, pancakes, …
Wal-Mart and Wild Oats are said to be teaming up to offer consumers in the US a range of organic food which are claimed to be at least 25% cheaper than other organic brands the supermarket carries. According to Food Business News, the products will cover a range of categories, from pasta sauce to quinoa, and will initially be available in half of Wal-Marts stores across the country. Wal-Mart have …
The Food and Drug Administration (FDA) has reportedly proposed new guidelines that honey with added sugar, corn sweeteners or other sweeteners should be labelled as a “blend.” It is also said that under the proposal, only honey with no added sweeteners may be labelled as “pure”. According to the FDA, the changes are intended to “advise the regulated food industry on the proper labelling of honey and honey products to …
With Easter 2014 fast approaching, major companies across the globe have unveiled their latest Easter product offerings, taking full advantage of what is seen as a significant holiday for the confectionery industry. In the UK, over 90 million Easter eggs are said to be sold each year, while in Australia and the USA consumers are claimed to spend over AU$3 billion ($2.8 billion) and $2 billion respectively. In the US, …
Mars, Incorporated and The Procter & Gamble Company have announced that Mars has agreed to buy the Iams, Eukanuba and Natura pet brands for US$2.9 billion in cash. The transaction is expected to be completed by the second-half of 2014. European Union countries are not included in the agreement. P&G’s Chairman, President and Chief Executive Officer, A.G. Lafley, said: “Exiting Pet Care is an important step in our strategy to …
After an agreement between the two boards of directors, Agropur Cooperative and Dairytown Products Ltd (a regional, butter, skim milk powder and milk power blends processor) are set to become one company. According to Agropur, the company, which was founded in 1938, has sales of more than $3.8 billion, and 6,300 employees. It processes more than 3.3 billion litres of milk per year in its 31 plants across North America. …
US discount retail chain Family Dollar has announced that it is adding 400 new food items to its product range. The new initiative also sees the retailer team up with celebrity chef Pat Neely to promote the store’s products, and will include a recipe challenge to make a meal for four for just $15.00, as well as a special joint programme with Feeding America aimed at giving children a healthy …
Horn Animal Wellness has partnered with IOI Loders Croklaan (Loders) to announce the introduction of a new generation of high-stability palm oil. The new palm oil product is said to serve the pet food kibble industry by addressing the shortcomings of conventional canola oil currently available in the market. Horn, the distributor of specialty animal ingredients, and IOI Loders Croklaan, the supplier of specialty oils and fats, are launching the …
Mars Inc. has opened a new 500,000 square feet plant worth $270 million in Topeka, Kansas which is said to be the company’s first new facility in North America in 35 years. Food Business News reports that the company will initially manufacture products for its North America unit producing brands such as Snickers and M&M’s, however other product lines will be added in phases. Debra A. Sandler, president of Mars …
Merrick Pet Care Inc. has unveiled more than 60 new all-natural food and treat recipes for dogs as it looks to consolidate a leadership position in natural and organic pet food products. The company, which specializes in natural pet foods and treats, unveiled full lines of all-natural treats and humanized canned dog food recipes at the Pet Food Expo in Orlando, Florida. Among the new products on display were Kitchen …
Heineken has announced that it is due to release a new Margarita flavour beer in the USA this April. Named Dos Equis Dos-A-Rita, it is said to be based on a popular cocktail recipe originally created in Texas, and is described as a blend of Dos Equis Lager and classic Margarita flavours, sweetened with 100% premium Agave nectar. “The Dos Equis brand continues to post double digit growth across all …
Noting that growth in the Greek yoghurt sector is slowing, General Mills, Inc has announced plans to focus on building its Yoplait business. According to Food Business News, with what is said to be the right product portfolio, distribution and manufacturing capacity in place, the company is investing heavily in the marketing and merchandising of its US yoghurt products. However, those investments, along with higher dairy input costs and competitive …
Swiss chocolatier Lindt & Sprungli has announced that it is to invest in the development of its US headquarters in Stratham, New Hampshire in response to increased demand in the country for premium chocolate. The expansion to production facilities at the site, which has now met planning approval, will see the addition of 108,000 square metres of space, almost doubling the size of the main campus building. The investment will …
Malibu Rum has announced the launch of its newest product venture, Malibu Rum Sparkler, which combines the company’s rum with coconut water, infused with bubbles. According to a company press release, as the leading coconut rum around the world Malibu has given a fresh outlook on the combination of the classic Caribbean rum with coconut water and carbonation. It also states that Malibu Rum Sparkler debuts with a cork and …
Mondelez International has announced a global partnership with Facebook as it looks to gradually refocus its media spend on digital channels, Food & Drink Business Europe reports. The multinational food company has conducted a number of brand campaigns on Facebook in the recent past, including for Cadbury Creme Egg, Milka and Nilla Wafers. According to Binin Bough, Vice President of Global Media and Consumer Engagement, Mondelez International: “For the first …
Chiquita Brands International, Inc. has entered into an in an all-stock transaction to acquire Fyffes, a Dublin, Ireland-based fruit and produce distributor, that is said to value the latter at approximately $526 million. It is claimed that the combination of the two companies would create the world’s largest banana company with annual sales of $4.6 billion and, according to Reuters, global market share of around 14%. According to Food Business …
The Saucy Fish Co, the Grimsby UK-based manufacturer that is part of the Icelandic Group, has announced its expansion into the US market through a deal with American supermarket chain Giant, owned by Ahold, the Dutch retail group. The Saucy Fish will be selling its products in 390 US stores and in time for Lent, which is stated to be a time when seafood consumption in North America typically increases. …
Food Business News is reporting that the Hershey Co. is developing a product with technology to “revolutionize breath freshening”, in an attempt to lift low sales in the gum category. Said to be set for a September debut, Ice Breakers Cool Blasts is said to chew like a gum but dissolve like a mint and was unveiled by the company at a presentation at the Consumer Analyst Group of New …
Jack Link’s Beef Jerky has entered into an agreement to acquire Unilever’s meat snacks business for an undisclosed amount, with the transaction expected to close at the end of March. According to Food Business News, the acquisition includes the European brands Bifi, Benelux and Peperami as well as Unilever’s meat snacks manufacturing plant in Ansbach, Germany. Troy Link, chief executive officer of Jack Link’s commented that: “Jack Link’s mission is …
Suggestions for new nutrition facts labels for packaged foods have recently been proposed by the US Food and Drug Administration (FDA) to reflect the latest scientific information, including the stated link between diet and chronic diseases such as obesity and heart disease. According to Australian Food News, the FDA has said that the new labels would also replace out-of-date serving sizes to better align with how much people actually consume, …
The Coca-Cola Company has announced that it is due to launch a new low calorie frozen carbonated drink, the first frozen product ever offered under the Diet Coke brand. Following the announcement that Coca Cola is to be released in a capsule format, the company has now revealed that the Diet Coke lineup is to be expanded in the USA with the launch of the frozen beverage brand Diet Coke …
Heinz has announced it has reached a preliminary deal with Highbury Canco Corp. which will allow the company to acquire its tomato processing plant in Leamington, Ontario, thus saving it from closure. According to the Huffington Post, Heinz is a major employee in the Ontario town and had announced plans last November to close the facility by late June this year. The closure would put close to 800 full-time employees …
The Coca-Cola Company has teamed up with OPI for a range of nail colours inspired by Coca-Cola products. OPI, the multinational brand owned by Coty Inc, has announced a partnership with The Coca-Cola Company through which a number of well-known Coca Cola brands (including Coca Cola itself as well as Diet Coke, Coke Zero, Cherry Coke, Vanilla Coke, Sprite and Fanta), will be the inspiration for a limited edition of …
SC Johnson has announced that it is to shut its The Caldrea Company facility in Minneapolis as it looks to integrate the company into its North American business. Citing a need to improve efficiences, the US-based manufacturer of household goods announced that Caldrea, which owns the brands Caldrea and Mrs. Meyer’s Clean Day, would be integrated within the SC Johnson Home Cleaning Business in Racine, Wisconsin. 40 jobs are expected …
American soft drink giant Coca Cola has purchased a 10% stake in US brand Green Mountain Coffee Roasters, which manufactures Keurig single serve coffee machines. The two companies signed an agreement that will see all drinks within the Coca Cola range (including Coca Cola, Diet Coke and Fanta) turned into single-serve pods for use in Green Mountain’s upcoming cold-beverage machine. Expected to be launched in 2015, the device will enable …
Confectionery company Jelly Belly Candy Company (Jelly Belly) is set to launch a new beer flavoured jelly bean, available in global markets from early 2014. The new product is an apparent development of the global market trend for alcoholic beverage flavours in non-alcoholic food and drinks categories. According to Jelly Belly, the new Draft Beer flavour, which had its debut at the Winter Fancy Food Show in San Francisco between …
US manufacturer The Hershey Company (Hershey’s) has announced its latest venture development agreement with 3D printing company 3D Systems. The two companies are set to explore opportunities for using 3D printing technology in creating edible foods, including confectionery treats. In a joint announcement by the companies, it was stated that the alliance would combine Hershey’s “world-class food science and manufacturing expertise” with 3D Systems’ 3D printing technology and know-how “to …
TPG Growth has announced that it has acquired a majority stake in e.l.f Cosmetics. The majority share in the American cosmetic firm has been acquired from company founders and TSG Consumer Partner LLC, a leading investor in middle market consumer companies. John Bailey, principal at TPG Growth, stated: “We are happy to partner with e.l.f. to build the company and accelerate its already impressive growth trajectory.” e.l.f cosmetics occupies a …
Colgate Palmolive reports that net sales have increased for FY2013, boosted by performance in Latin America. Overall worldwide net sales in 2013 stood at $17.42bn, increasing by 2% on 2012, while organic sales grew by 6% and unit volume grew by 5%. Although in Europe net sales dropped by 0.5%, net sales in Asia increased by 4.5% while Africa/Eurasia rose by 0.5%. Sales in Latin America – representing 29% of …
From March 2014, actress Mila Kunis will be the face of a new marketing campaign for Jim Beam bourbon. The Jim Beam brand’s first ever global marketing campaign will be led Mila Kunis and is aimed at reaching more than 100 markets worldwide. Kunis has also joined Jim Beam as a global partner. The television campaign will launch across Jim Beam’s largest markets including the UK, the USA, Australia and …
Cosmetics manufacturer Revlon and fashion house Marchesa have joined forces once again to launch a new collection off beauty items, Total Beauty reports. 1n 2013, Revlon and Marchesa released a limited-edition eight-piece nail collection said to be inspired by couture gowns. Now Marchesa designers Georgina Chapman and Keren Craig have teamed up again to produce a ‘Red Carpet’ collection which includes beauty tools such as a brush kit and manicure …
Evol Foods has announced the launch of its Multi-Serve Skillet Meals and Lean & Fit single serve meals, adding to the company’s portfolio of frozen meals, burritos and snacks. The multi serve meals are a first for Evol Foods, which has previously focused on single serve items only. They are available in the varieties Uncured Bacon Mac & Cheese, Thai Style Chicken Curry, Teriyaki Chicken, Grilled Chicken Parmesan, Chicken Tikka …
Crosby Lake Spirits has announced that it is set to launch new “super premium” distilled premium vodka Kinky Blue across the USA. Crosby Lake Spirits originally launched Kinky vodka in 2011 in a mango, blood orange and passion fruit flavour, a product it claims has proved a success with consumers. The new Kinky Blue variety, which is described as having a tropical and wild berry flavour, will be supported with …
Nut manufacturer John B Sanfilippo has reported a sales increase for the first half of its financial year, boosted by increased sales volumes. However profitability remains a mixed picture due to increased costs, Just Food reports. Sales to December 2013 sales rose to $401.8 up from $393.1m the previous year. Operating profit also saw an increase, rising to $28.7 from $28.3m, while net profit was up to $16m. However the …
Kimberly-Clark has reported global sales of $5.3 billion for Q4 2013, showing no change on the same period of 2012. Organic sales for the period were 5% up on the previous year, with K-C International sales rising by 11%. Operating profit was $822 million versus $449 million in 2012, with adjusted operating profit, excluding restructuring costs for European strategic changes, up 5% at $836 million. In the personal care segment, sales of …
Beer producer SABMiller, the world’s second largest brewer behind AB InBev, has revealed modest volume growth for the third quarter but the performance was behind many analyst forecasts, Reuters reports. Volumes were up 2% and revenue climbed 4% in the three months to December 31st, and soft drink volumes rose 7%. However lager volumes were up only 1%, behind the 1.4% predicted by Citi and the 3% increase predicted by …
Netherlands-based supermarket group Ahold has reported its results for Q4 2013, revealing a decline for the quarter compared to the same period of the previous year. Total US sales for the quarter were 2.1% down at $6billion, and the retailer also saw its market share fall back slightly. Ahold USA attributed the sales decline to food price disinflation and to the effects of Hurricane Sandy in 2012, when the retailer …
US coffee brand Martinson’s brand has announced the release of Joe Winterfest, a new flavour of its single serve Real Cup coffee capsule. The new Joe Winterfest variety is described as having a sweet vanilla and caramel flavour and will sit alongside other other single serve coffees including Caramel Creme, Hazelnut Creme, Mint ‘n’ Mocha, Irish Creme, Cayman Coconut, Vanilla Velvet, Tiramisu Twist, and the limited edition Pumpkin Pie flavour. …
Health & beauty firm Tatcha has announced that it is set to launch its latest skincare range, called ‘Indigo’. The range aims to soothe and protect irritated and sensitive skin types. Comprising a Soothing Silk Hand Cream, a Soothing Silk Body Butter and a Soothing Renewal Treatment, the range includes pure indigo extract combined with liquid silk and Tatcha’s signature Hadasei-3 Complex – a proprietary anti-aging formula of Green Tea …
The Hershey Company has announced it will move into the chocolate spread market with a new launch in the USA. By branching out into sweet spreads, Hershey will be competing with existing major brands such as Ferrero’s Nutella and J.M Smucker. The new spreads – available in chocolate, chocolate & almond, and chocolate & hazelnut varieties – add to Hershey’s portfolio of syrups, cocoa and chocolate bars. Anna Ling, spokesperson …
Diageo has announced the formation of a joint venture with Sean Combs to acquire luxury tequila brand DeLeon. The global partnership builds upon a strategic alliance formed by Diageo and Combs in 2007, it is reported. The two came together to purchase the ultra-premium vodka brand Ciroc, growing sales from a 50,000 cases a year to nearly two million. The partnership is now aiming to leverage Diageo’s distribution network, supply …
Nestle has announced that it has entered into a partnership with biotechnology firm Cellular Dynamics International (CDI) as it seeks to invest in research into diet and diseases. In statement, CDI stated that it had signed a long-term agreement to supply stem cells to the Nestle Institute of Health Sciences, although the financial terms were not disclosed. The new venture will reportedly allow Nestle to increase its capacity to develop …
Jamba Juice, which sells fruit juices and drinks through the Jamba Juice restaurant chain, has announced that it is set to launch its new range of Whole Nutrition smoothies and fresh juices made from “whole” ingredients. The new smoothie range, launched to tie into the New Year health push, “reflects the evolving science of health and well-being”, according to Jamba, and is made with various blends of fruit and vegetables. …
Private equity firm Peak Rock Capital has acquired honey supplier Groeb Farms from bankruptcy protection, according to Just Food. Groeb Farms has been renamed Natural American Foods and will now be controlled by Peak Rock after the latter reportedly loaned the former $30m. Groeb Farms applied for chapter 11 bankruptcy protection after the honey provider allegedly bought Chinese honey through other countries to avoid anti dumping tariffs. Robert Strauss, managing …
Aldi has unveiled plans to expand its footprint in the US, the Wall St Journal and Nine MSN report. In a statement from the company, plans were revealed that would see a 50% increase in stores over the next five years, as Aldi seeks to become the largest discount retailer in the US. The German supermarket chain currently has nearly 1300 stores across 32 states of the country, mostly concentrated …
Avon, one of the world’s largest direct sellers of cosmetics, has said it will halt further roll out of its order management technology and initiate a further 650 job cuts after the company’s shares fell 5% in early trade. The new redundancies comes on top of the 400 job cuts it announced in April of 2013. Sales in Canada fell in the most recent quarter due to disruption caused by …
US food group General Mills – the maker of Yoplait yogurt – has seen its share price fall 2.38% after reporting Q2 earnings below financiers’ forecasts. The company reported adjusted diluted earnings per share of US $0.83 for the 13 weeks to the 24 November, less than the expected earnings of $0.88 a share. The overall operating profit was up 5% at $870.1m, however segment operating profit (excluding corporate expenses) …
Proctor and Gamble has unveiled a new collection as part of its Herbal Essences range in the USA. The new premium line, called “Naked”, is set to launch in January, according to College Fashion. The new collection, which is named Naked as it does not include any silicon, parabens or colorants, will include three sub lines – Volume, Moisture and Shine. The price point is described as being nearly 30% …
Costco has seen a 5% increase in group sales in the first quarter. Reporting its Q1 financials, the US wholesaler declared that total sales for the 12 weeks to 24th November increased to US$24.47bn, up on the same period of last year when total sales came to US$23.3bn. The upturn was achieved despite foreign currency fluctuations and a decrease in the price of petrol, Just Food reports. Broken down geographically, …
L’Oreal has appointed Marc Speicher as its new global CMO. Marc Speicher is to take over the role of global chief marketing officer, reporting to executive VP of the Americas, Frederic Roze. Tasked with focusing investment in digital media, he will oversee digital marketing investment and innovation, shopper insight and business development. The role will see him working globally with all four divisions of the cosmetics business. Speichert takes over …
Kellogg has announced new varieties of pizza under its brand Kashi, targeted at single serve occasions. Available from December, the new pizza will come in two flavours: Greek Tzatziki and Indian Tikka Masala. They are claimed to offer a source of fibre and protein, with up to 18g of protein per serving. John King, Kashi marketing director commented: “Kashi’s new single-serve pizzas are made from real, wholesome ingredients brought together …
Guenther and Son has announced that it is set to acquire three Canada bakeries. Guenther and Son Inc , the Texas-based manufacturer of flour and other baking goods, is due to acquire a set of bakeries currently owned by Rene Fluri – Gold West Baking Company, Gizella Pastry and Les Boulangeries Rene. Details of the transaction are yet to be disclosed. Gold West Baking Company produces buns, rolls and English …
Cheese and dairy manufacturer Fromagerie Damafro and M Larivee International, an international trading house specializing in dairy products and food ingredients, are the latest acquisitions of Agropur group. Terms of the sales are not available. Damafro is a small family owned company of cheese and fresh dairy produce and employs 195 staff. The company produces fresh milk, cheeses and Greek yoghurt. Since 2005 Damafro has been a leading processor of …
Global food and drinks manufacturer Nestle is to sell its diet and weight management business Jenny Craig to US-based private equity group North Castle Partners. Jenny Craig supplies diet and fitness programmes that can be tailored to suit the consumer’s needs and has been part of the Nestle group since 2006. North Castle Partners is a consumer private equity firm that is orientated around health, well being and active living …
Walmart has announced that Doug McMillon will replace Mike Duke as CEO of Walmart. McMillon will be the new president and CEO of Walmart form 31st January, with Duke staying on as chairman of the company’s executive committee and as an adviser to McMillon for 2014. Doug McMillon started working at Walmart as a “summer associate” in 1984 before returning in 1990 whilst studying his MBA. He was the president …
There are more reports that major cosmetics player Estee Lauder may be looking to acquire the British cosmetics company Butter London. Butter London was founded by entrepreneur Sasha Muir and partnering manicurist Nonie Creme. Established in 2005, the company produces hand and nail treatments and pedicures as well as eye, face and lip cosmetics. However it remains best known for its nail lacquers that regularly appear at fashion weeks and …
Philip Morris International, the world’s largest tobacco company, is looking too break into the e-cigarette market in 2014, according to media reports. Philip Morris International has plans set to enter the $2 billion plus global market, as demand for the less harmful alternative to conventional cigarettes continues. The new range is reportedly to be be called ‘Reduced-Risk’ and, according to Philip Morris chief executive Andre Calantzopoulos, “2014 will be a …
Walmart’s latest venture into ecological household goods indicates that the USA’s number one retailer sees ethicality as an increasingly mass-market concern. Its new Great Value Naturals line has been recently rolled out in more than 2,000 Walmart stores across the US, and is promoted as being as effective as leading conventional cleaners. Based on a new “all-natural” plant-based technology called “Evolve”, the range is advertised as 100 percent chemical-free and …
American snack manufacturer J & J Snack Food Corp has seen its annual income increase by 19%, due in no small part to the performance of pretzel sales. The latest figures from the company show an annual increase in income overall, with net income in the year ended Sept. 28 at $64,381,000, equal to $3.43 per share on the common stock, up 19% from $54,118,000, or $2.87 per share, in …
Signalling an intention to diversify beyond the confines of coffee, Starbucks has exploited its recent acquisition of tea retailer Teavana to launch its first “tea bar” in New York City. The coffee giant previewed its latest venture with a demonstration of the concept including handcrafted teas, loose leaf tea, and tea-inspired foods, as well as the “unique tea bar”. Starbucks chairman, president and chief executive officer Howard Schultz stated: “As …
The Kellogg Company has initiated a new cost-cutting scheme – dubbed ‘Project K’ – which it is reported will result in a reduction of some 7% of its global workforce. This scheme was announced following the release of Kelloggs’ latest financials which reported total net earnings of $3.7 billion for Q3, a figure largley unchanged on the same period of 2012. The aim of ‘Project K’ is to optimize supply …
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