USA: Diageo acquires Loyal 9 Cocktails
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 […]
USA: Good Hemp to complete acquisition of Diamond Creek
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 […]
USA: Riviana Food to expand facility in Memphis
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 […]
USA: Tyson Foods to invest $425 million in a new poultry complex
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 […]
USA: Brynwood Partners acquires De Wafelbakkers
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, […]
USA: Cerelia acquires US Waffle
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. […]
Canada: CapVest to sell Eight Fifty to Sofina Foods
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, […]
USA: Post Holdings to acquire Ronzoni pasta from Riviana Foods
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 […]
USA: General Mills proposes sale of European Yoplait
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 […]
USA: Diageo to invest $80 million in expansion plans
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 […]