USA: Sonoma Brands to acquire Krave Pure Foods
Sonoma Brands, a California-based private equity investor has announced the acquisition of Krave Pure Foods brand from The Hershey Company for an undisclosed amount. Dedicated to the production of protein snacks, Krave Pure Foods portfolio includes Krave Meat Cuts, Krave Pork Rinds, and most recently, Krave Plant-Based Jerky. According to sources, the company expects to […]
USA: Sealaska to acquire minority stake of Barnacle Foods
Sealaska has announced the acquisition of a minority stake in Barnacle Foods for an undisclosed sum. Based in Juneau, Alaska, Barnacle Foods claims to be the first manufacturer of food products such as salsas, hot sauces, pickles, jams, and jellies from bull kelp and other Alaska-grown, harvested and foraged ingredients. Sealaska President and CEO Anthony […]
USA: P&G to launch paper deodorant tube packaging
Leading household and personal care firm P&G has announced the launch of a plastic-free format for its deodorant brands Old Spice and Secret. According to sources, the paper tube packaging uses 90 percent recycled content and is certified by the FSC. The paperboard tube does not contain wax, plastics, BPA, or PFA and has an […]
USA: Kronos Foods to merge with Grecian Delight Foods
The American-based private equity firm Entrepreneurial Equity Partners (“e2p”) has announced the merge between Kronos Foods, one of its portfolio companies and Grecian Delight Foods for an undisclosed sum. Founded in 1974, Grecian Delight Foods is a manufacturer of Greek and Mediterranean inspired cuisine, producing authentic gyros and specialty meats, pitas and flatbreads, hummus and […]
USA: Lidl to open new headquarters and Distribution Centre in Maryland
German discount retailer Lidl, has announced the opening of the new regional headquarters and distribution centre in Cecil, Maryland with a cost of $100 million. With 700,000 square-foot, the facility will create 200 new full-time jobs and it will supply Lidl stores in 5 states. CEO of Lidl US, Johannes Fieber said, “The facility will […]
USA: Private-equity firm Grays Peak Capital to acquire Nosh Foods
Grays Peak Capital, a private-equity firm, has announced the acquisition of Nosh Foods, a US-based organic baby food manufacturer for an undisclosed sum. Founded in 2016, Nosh Foods is a Los Angeles based producer of easy-to-eat and organic baby and toddler food. Jason Becker, CEO of Nosh Foods, said: “We expect this transaction to accelerate […]
USA: DFA’s initial plans to acquire Dean Foods called off
Dairy Farmers of America (DFA) has announced that the previously-announced $425 million deal to purchase the Dean Foods business and assets will not go forward.. Dean Foods, the troubled US dairy company, has filed for bankruptcy back in November, after financial difficulties. Subsequently, DFA proposed a deal to acquire 44 facilities and a substantial portion of […]
Italy: Newlat in talks to buy Centrale del Latte d’Italia
Italian food group Newlat has announced that it intends to buy a majority stake in Centrale del Latte d’Italia, an Italian-based dairy group. With revenue of €180 million ($ 193 million) last year, Centrale del Latte d’Italia is a producer of milk, yogurt, cream and cheese as well as fresh vegetables, pasta, cured meats, and […]
USA: Myprotein to launch first clear vegan protein shake
Myprotein, UK-based sports nutrition brand, developed a clear plant-based protein shake that will be introduced on the US market, to meet the increased demand for vegan products. According to the manufacturer, the powdered protein shake is sweetened with stevia and monk fruit extracts, being sugar and fat free, and it is available in two flavours: […]
USA: Puration to acquire Hemp4mula CBD Confections
Puration, the US-based CBD infused products company, has announced the acquisition of Kaly’s Hemp4mula CBD Confections business for an undisclosed sum. Focused on the development of a CBD formulation that can treat symptoms associated with chronic obstructive pulmonary disease and other similar respiratory conditions, Kaly is said to have patented a CBD extract that provides […]