USA: Walmart acquires Cornershop in Mexico and Chile
US-based discount retail chain Wal-marthas announced the acquisition of Cornershop, a leading online marketplace for crowdsourced on-demand deliveries from supermarkets, pharmacies and specialty food retailers in Mexico and Chile, in a deal worth $225 million. According to Walmart, the transaction is an important step forward to accelerate the company’s omnichannel capabilities and its growth in Latin […]
Canada: Ocean Brands to acquire Club Des Millionnaires
Canned seafood producer Ocean Brands has announced the acquisition of Canadian brand Club Des Millionnaires from Harold T. Griffin. Club Des Millionnaires produces a broad range of canned sardine and anchovy products including small sardines (brislings) bearing the tagline “Fish She is Very Small”. “We are very pleased with the acquisition of Club Des Millionaires”, […]
USA: Westward American whiskey joins Distill Ventures portfolio
Global beverage giant Diageo, through its Distill Ventures arm, has acquired Westward, a leader in the American single malt whiskey category, for an undisclosed amount. The investment includes both the current distillery in Portland as well as the whiskey brand and inventory, reportedl allowing the distillery to expand capacity by 40% next year. Westward whiskey […]
USA: Hershey acquires Pirate Brands from B&G Foods
US confectionery firm Hershey has announced a definitive agreement to purchase Pirate Brands from B&G Foods for $420 million. The “strategic acquisition” includes the Pirate’s Booty, Smart Puffs and Original Tings brands. Pirate Brands will operate within Amplify, Hershey’s ‘better-for-you’ snacking hub in Austin. Commenting on the deal, Hershey’s chief growth officer Mary Beth West said: […]
USA: Stir Foods & Pacifica Foods to acquire Sabra sauce brand
Stir Foods and Pacifica Foods (known as Stir-Pacifica), part of Chicago based company Wind Point Partners, has acquired sauce business Sabra Dipping Co. The deal includes the Santa Barbara and Chachies brands alongside with the Sabra brand. Founded in 2000, Stir-Pacifica manufactures soups, sauces, dressings and fresh sauces for both retail and food service customers. […]
USA: Coca-Cola to buy soft drink brand Moxie
Multinational carbonated drink firm Coca-Cola has announced the acquisition of Moxie, a New England soft drink brand, for an undisclosed sum. According to sources, the Coca-Cola is acquiring the Moxie brand from Coca-Cola of Northern New England, which is an independent bottling partner of the main company based in Bedford, New Hampshire. Moxie was patented in 1885 […]
Israel: PepsiCo to buy SodaStream for $3.2 billion
Global food and drinks giant Pepsico has acquired Israel-based SodaStream for $3.2 billion. SodaStream makes home-machines which transform tap water into carbonated water that can be flavoured by adding syrups. “Today marks an important milestone in the SodaStream journey. It is validation of our mission to bring healthy, convenient and environmentally friendly beverage solutions to […]
USA: Hormel Foods sells processing plant to WholeStone Farms
Hormel Foods and WholeStone Farms have entered into an agreement to sell the Hormel Foods processing plant in Fremont, NE to WholeStone Farms. The transaction includes both the processing plant and a multiyear agreement to supply raw pork to Hormel Foods. “The strategic decision to transition the Fremont facility to WholeStone arms reflects the long-term, […]
USA: Tyson Foods to sell Sara Lee Frozen Bakery and Van’s businesses
US meat processor Tyson Foods has entered into an agreement to sell its Sara Lee Frozen Bakery and Van’s business to private equity firm Kohlberg & Co as part of its strategy to focus on its protein business. The deal, terms of which were not disclosed, include the Chef Pierre, Bistro Collection and Van’s brand and […]
USA: Metropoulos & Co emerges as new owner for Necco
Necco, the US confectionery firm, has been acquired by Sweetheart Candies Co owner Metropoulos & Co for $17.3 million, after the cancellation of a proposed deal with Spangler Candy. Spangler Candy made the winning bid for Necco in a bankruptcy auction, but the deal is said to have collapsed when the former pushed for a […]