USA: 7-Eleven to acquire convenience store chain Speedway for $21 billion
US retailer 7-Eleven has announced the acquisition of 3,900 Speedway stores from Marathon Petroleum Corp for $21 billion. Located in 35 states across the US, Speedway is one of the biggest convenience and petrol station retailers in the country, with approximately 40,000 employees. With the acquisition, 7-Eleven will increase its store network to 14,000 across […]
US: Edgewell to Acquire Cremo company for US$235 million
Cosmetic giant Edgewell has announced the acquisition of Cremo, a Men’s grooming company for US$235 million. Founded in 2005, Cremo is one the fastest growing men’s grooming brands in the U.S., offering a full range of care products for the beard, skin, hair, and body. The transaction is part of the Edgewell strategy to acquire […]
USA: TruFood to acquire Simply Natural Foods
Snack food manufacturer TruFood has announced the acquisition of Simply Natural Foods for an undisclosed sum. With 200 employees, Simply Natural Foods is a producer of nutrition and better-for-you products, such as chocolate, nutritional bars, and peanut butter cups. Pete Tsudis, CEO of TruFood, said: “The combination of TruFood and Simply Natural Foods allows us […]
USA: Beverage USA Holdings to acquire beverage company Nerd
Beverage USA Holdings has announced the acquisition of Nerd, a Texas-based mental acuity beverage company for an undisclosed sum. Founded in 2006, Nerd is a beverage producer focus on concentration, memory and energy drinks, made with nootropics and performance-boosting nutrients such as lpha-GPC, Huperzine-A, GABA, DMAE, and Ginkgo Biloba, to help mental acuity. Howard Davner, […]
USA: Quintessential to acquire Accolade Wine’ brand portfolio
Family-owned wine importer Quintessential has announced the acquisition of US-produced wine portfolio of Accolade Wines for an undisclosed sum. With this deal, Quintessential will acquire the production, global sales, and marketing of four wine brands: Geyser Peak, Atlas Peak, Outlot and, XYZin. According to sources, this sale follows Accolade Wines’ strategy of “focus on building […]
Canada: Maple Leaf Food to sell Quebec plant to Giannone Poultry
Canadian meat firm Maple Leaf Food has announced the sale of its poultry plant in Drummondville, Quebec to Giannone Poultry. Founded in 1989, Giannone Poultry is a family business specialising in poultry slaughtering and cutting. The company’s products are distributed in Canada and the United States. According to sources, Maple Leaf Food will continue to […]
USA: HumanCo to acquire ice cream company Coconut Bliss
US holding company HumanCo has announced the acquisition of majority stake at Coconut Bliss, a plant-based ice cream producer for an undisclosed sum. Founded in 2005, Coconut Bliss is an Oregon-based company dedicated to manufacturing dairy-free, vegan and organic ice cream pints, bars and sandwiches. According to sources, both companies intend to grow Coconut Bliss […]
USA: Frito-Lay to invest $200 million on facility expansion
Frito-Lay, the snacking division of PepsiCo, has announced the investment of $200 million to expand its production facility in Perry, Georgia. With more than 1,000 employees, this production facility is the largest factory of the company operating in the US. According to the sources, the investment will add two production lines to the factory, creating […]
USA: Tia Lupita to launch upcycled cactus tortillas
Tia Lupita, a Mexican food brand, has announced the launch of an upcycled tortilla, through a partnership with Renewal Mill, expanding its range of grain-free cactus tortillas. Based in California, Renewal Mill is a producer of organic okara flour, a grain-free flour extract from the leftovers of soya milk processing. With 45 calories, 6 grams […]
USA: Hershey to invest $135 million on manufacturing facility
Hershey, the US confectionery and snacks firm, has announced the investment of $135 million to expand its manufacturing facility in Augusta County, Virginia. With 30 years of operations, the facility currently employees more than 1,000 workers, being the second largest company’s plant in the US. According to sources, with the investment, the company will expand […]