USA: Flowers Foods acquires assets of Koffee Kup Bakery
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 […]
USA: Cacique to build dairy processing facility in Texas
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 […]
USA: General Mills to cut jobs due to restructuring process
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 […]
USA: Frito-Lay to invest $200 million in Rosenberg snack facility expansion
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 […]
USA: TreeHouse Foods to sell ready-to-eat cereal business to Post Holdings
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 […]
Canada: Saputo to acquire two dairy alternative companies for CAD187 million
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 […]
USA: Hershey to acquire better-for-you brand Lily’s
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 […]
USA: Beam Suntory and Edrington to end joint venture
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 […]
USA: General Mills acquires Tyson Foods’ pet treats business
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 […]
Canada: Above Food to acquire organic legume and grain firm Farmer Direct Organic Foods
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 […]