USA: Nestle to acquire alkaline water Essentia
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 […]
USA: Diageo set to buy RTD Ranch Water brand
Diageo, the leading alcoholic drinks firm, has announced the acquisition of beverage producer Far West Spirits, for an undisclosed amount. Far West Spirits produces the Lone River ‘Ranch Water’ brand, an RTD beverage producer known for drawing inspiration from the classic Texan ‘Ranch Water’ cocktail. The Ranch Water agave-flavoured range includes Original, Spicy, and Rio […]
USA: Coca-Cola announces interest in controlling Bodyarmor stake
American multinational beverage Coca-Cola company has revealed intentions to acquire a controlling stake in Bodyarmor, a functional drinks business. Bodyarmor’s portfolio includes a range of enhanced water drinks, sports drinks made with coconut water, and lower-calorie. According to sources, a Coca-Cola spokesperson said: “We can confirm that The Coca-Cola Company has filed a pre-acquisition notification […]
USA: Danone to add Follow Your Heart to plant-based portfolio
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 […]
USA: 1776 Spirits Company acquires American Harvest Vodka and Beach Whiskey
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 […]
USA: Total Produce and Dole agree merger
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 […]
USA: Hormel Foods to acquire Planters brand
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 […]
USA: Chickapea to launch +Greens “veggie-packed” pasta line
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 […]
USA: Flagship Food Group to invest in La Tortilla Factory
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 […]
Canada: Hero Group acquires Baby Gourmet
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 […]