USA: Kraft Heinz to sell cheese business to Lactalis
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, […]
USA: Walmart to start testing on-demand drone delivery
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 […]
USA: Verus International acquires Eliot’s nut butter brand
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 […]
USA: Unilever to acquire hydration powder mix company Liquid IV
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 […]
Canada: Fromagerie L’Ancetre to acquire Fromagerie Le Baluchon
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 […]
USA: United Sports Brands to acquire Glukos Energy
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 […]
USA: Waterloo Sparkling Water to be acquired by consortium
A consortium led by Flexis Capital has announced the acquisition of Waterloo Sparkling Water for an undisclosed sum. Founded in 2017, Waterloo Sparkling Water is a producer of fruit-flavoured carbonated waters that are free from sugar, calories, and artificial sweeteners. The private equity consortium is formed by Moore Strategic Ventures, Eurazeo, JW Levin Management Partners […]
USA: Kellogg to invest $43 million in MorningStar Farms facility
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. […]
USA: Diageo to acquire Aviation American Gin owner Davos Brands
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 […]
USA: Plumrose to build $200 million facility for Italian meat and charcuterie
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. […]