USA: Nestle to add Chameleon Cold-Brew to its coffee portfolio
The US arm of FMCG multinational Nestle has announced the acquisition of Chameleon Cold-Brew as part of a strategy to diversify its coffee portfolio. Chameleon Cold Brew is described as premium crafted organic coffee, sourced consciously and sustainably grown. The firm offers ready-to-drink cold-brew, cold-brew concentrate, kegs, cold brew kits and whole bean coffee. The […]
USA: Unilever to buy Tazo from Starbucks for $384 million
Anglo-Dutch consumer giant Unilever has announced an agreement to acquire the Tazo tea brand from Starbucks for $384 million. According to a company statement, Tazo had sales of $112.5 million in the past year and enjoys a strong position in specialty black, green and herbal teas, as well as liquid concentrates such as chai latte. […]
Canada: Saputo to acquire cheese maker Montchevre
Canadian dairy company Saputo has signed an agreement to acquire US goat’s cheese manufacturer Montchevre. The announcement comes around a week after the firm announced it had agreed to acquire Australian dairy firm Murray Goulburn in a billion-dollar deal. Monthchevre has a facility in Belmont, Wisconsin, with 320 employees involved in the manufacture, marketing and distribution of goat […]
USA: Walmart to launch e-commerce service via Google Express
Multinational retailer Walmart has announced that it is to launch a service enabling consumers to order products via Google Express, technology giant Google’s e-commerce platform. Writing in the New York Times, Marc Lore, Walmart US president & CEO of e-commerce, said the firm would be working with Google to offer hundreds of thousands of items via […]
USA: Pasta Montana opens new $6.5 million processing line
Nippon Flour Mills-owned pasta maker Pasta Montana has added a $6.5 million processing line at its 91,000 sq ft Great Falls site in Montana, USA. The new line is said to achieve a 28% increase in pasta production capacity from 55 to 80 million pounds annually. It will enable the handling of 4,850 pounds of pasta per […]
Canada: Guru Energy launches energy drink sweetened with monk fruit
Canadian energy drink company Guru Energy is to launch Organic Lite, a new version of its namesake energy drink that is said to be sweetened with monk fruit. Organic Lite is described as being infused with green tea, echinacea, ginseng, guarana, stevia and lemon juice. It contains 20 calories and is claimed to be organically certified, […]
USA: Hormel Foods acquires Cidade do Sol
Hormel Foods, a US food company based in Austin, TX, has acquired Brazilian meat processor Cidade do Sol for approximately $104 million. According to a company press release, the acquired business will become a part of Hormel Foods’ International business unit, providing an initial entry into the Brazilian market and serving as a platform for future […]
USA: Farmer Brothers to acquire Boyd’s Coffee
Coffee supplier and distributor Farmer Brothers is to acquire all assets of Boyd Coffee Company, a provider of coffee, tea and other beverages, accord to a report in Food Business The purchase consists of up to $42 million in cash and 21,000 shares of a new series of preferred stock, making an estimated total price of […]
USA: Flagship Food to acquire Glutenfreeda brand
Global food company Flagship Food has acquired the Glutenfreeda brand for an undisclosed amount. The Glutenfreeda range focuses on gluten-free products, including oatmeal, granola, flatbread, tortillas, burritos, sandwich and wraps. As part of the deal Flagship Food will take over operations in Gletenfreeda’s facility in Burlington, WA. Yvonne Gifford, founder and chief executive officer of […]
US: B&G Food to acquire Back to Nature Foods
B&G Foods has entered into an agreement to acquire snack company Back to Nature Foods for approximately $162.5 million in cash. Back To Nature Foods specializes in ‘better-for-you’ products. Its product range encompasses cereal, biscuits, crackers, nuts and soup Robert C Cantwell, president and chief executive officer of B&G Foods, commented: “We are very pleased […]