USA: Norwest Equity Partners acquires Red Monkey Foods
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 […]
USA: Pretzels Inc to expand with new facility
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 […]
USA: Ocean Spray to partner with Amai Proteins to develop new drink
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 […]
USA: Online grocery platform Instacart to partner with Meijer
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: […]
USA: JM Smucker to sell pet food business Natural Balance
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 […]
USA: Prestige Beverage Group acquires Windsor Canadian Whisky brand
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, […]
USA: Kind to acquire snacking company Nature’s Bakery
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 […]
USA: Unilever to acquire SmartyPants Vitamins
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 […]
USA: McCormick to acquire Cholula Hot Sauce
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 […]
USA: Ocean Spray launches B1U brand
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 […]