USA: PepsiCo to acquire Rockstar Energy Beverages
PepsiCo, the US based drinks and snacks giant, has announced the acquisition of Rockstar Energy Beverages for $3.85 billion. Founded in 2001, Rockstar Energy Beveragesproduces beverages that are designed for those who lead active lifestyles, offering over 30 flavours at convenience and grocery stores in more than 30 countries. Through the deal, PepsiCo is aiming […]
USA: Brothers Desserts to acquire Schoep’s Ice Cream
Brothers Desserts, a US company behind brands such as Natural Choice, Absolute Fruit Sorbet and Brothers Ice Cream, has announced the acquisition of Schoep’s Ice Cream, a family owned ice cream company, for an undisclosed sum. Founded in 1928 , Schoep’s Ice Cream started on the back of a Wisconsin grocery store. Today, the company […]
USA: Constellation Brands to sell Black Velvet whisky to Heaven Hill
Constellation Brands, the leading wine and spirits ompan company, has announced an agreement to sell its Black Velvet Canadian whisky brand to the distiller Heaven Hill for approximately $266 million. The firm said the sale formed part ot its “wine and spirits business transformation strategy”, including a focus on premium brands. The deal, which also includes a facility in Lethbridge, […]
USA: MegaMex Foods and Herdez to announce new licensing agreement
MegaMex Foods, a Mexican food joint venture of Herdez and Hormel Foods, has announced a new licensing agreement with UTZ Quality Foods to manufacture, market and distribute Herdez branded tortilla chips and pork rinds to retailers in the US. According to the company, the partnership between MegaMex Foods and UTZ will speed up the entry […]
USA: Pernod Richard to acquire Firestone & Robertson
Wine and spirits company Pernod Ricard has announced the acquisition of Firestone & Robertson, the owner of the TX brand range of “super-premium” whiskey and bourbon, via its US arm, for an undisclosed sum. The deal also includes the “Whiskey Ranch” distillery in Fort Worth, Texas, “where consumers can enjoy the full TX brand Experience”. In […]
USA: Hostess Brands sells Superior Cake Products
Hostess Brands, the US bakery manufacturer owned by Gores Holdings, has announced it has signed a definitive agreement to sell its Superior Cake Products bakery business to Chicago-based Sara Lee Frozen Bakery for $65 million. Sara Lee Frozen Bakery is a leading maker of frozen bakery and dessert products. Superior Cakes Products manufactures sweet goods […]
USA: Campbell Soup sells remaining Campbell International operations
Campbell Soup, the leading US food manufacturer, is continuing its divestiture program with the sale of the Arnott’s business and its remaining Campbell International operations to KKR, a global investment firm, for $2.2 billion. Arnott’s was acquired in 1997 by Campbell and has operations centres in Western Sydney, Brisbane and Adelaide in Australi, as well […]
USA: JBS to invest $95 million to expand beef facility
JBS USA, a subsidiary of the Brazilian meat-packer and food processor JBS, has announced a $95 million expansion project at its beef production facility in Grand Island, NE. According to a company statement, the expansion of the 107,000 sq ft facility, which is expected to be completed in early 2021, will include new improved animal […]
USA: Golding Farms to acquire Arcobasso Foods
Golding Farms Foods, a manufacturer of sauces and condiments, has announced the acquisition of Arcobasso Foods, a maker of dressings, sauces and beverage mixes. The company said the deal would allow it to expand its portfolio of private label and branded products and grow its presence locally and nationally. John Frostad, CEO of Golding Farms, […]
USA: Litehouse to acquire Sky Valley Foods
Litehouse, a maker of refrigerated salad dressings, has entered into an agreement to acquire Sky Valley Foods, a producer of organic shelf-stable dressings, condiments and sauces for $46 million. With the acquisition, Litehouse said it planned to grow its portfolio with centre-store, clean and organic products, and increase capacity, with the creation of 160 jobs […]