UK: PepsiCo launches Quaker “on-the-go” breakfast line
PepsiCo has launched a new line of breakfast alternatives – comprising ‘squeezable oats’ and ‘porridge squares’ – targeting on-the-go-occasions and sold under the Quaker Oaks To Go name. Fruit & Oat Squeeze is described as a mixture of yogurt, oats and fruit that can be eaten straight from the pouch. Claimed to be free from […]
USA: Campbell Soup to acquire Pacific Foods for $700 million
US food and drink company Campbell Soup has entered into agreement to acquire Pacific Foods for $700 million in cash. Founded in Oregon in 1987, Pacific Food has approximately 540 employees and operates a certified organic plant. Following the acquisition, Pacific Food will become part of Campbell Soup’s Americas Simple Meals and Beverages division. Denise […]
USA: Dean Foods to acquire Uncle Matt’s
Dean Foods, one of the American leading food and beverages companies, has acquired Uncle Matt’s Organic, a producer of organic beverages where the financial terms were not disclosed. Founded in 1999, and located in Florida, Uncle Matt’s Organic makes organic fruits and juices, including probiotic-infused juices and fruit-infused waters. After the acquisition, the company will […]
USA: Upstate Niagara buys Kraft Heinz’s cheese plant in Campbell
Kraft Heinz, one of the world’s largest food and beverage firms, has announced an agreement to sell its cheese plant located in Campbell, NY, USA to Upstate Niagara, a dairy farmer cooperative. The deal, expected to be completed within the next 30 to 60 days, is said to see employment at the site increase to more […]
USA: Diageo acquires tequila brand Casamigos for $1bn
Global beverage giant Diageo has confirmed the acquisition of Casamigos, a “super-premium” tequila brand for $1 billion. Casamiro was founded in 2013, and is described by Diageo as the fastest growing tequila brand in the US, increasinb sales by 54% over the last two years. The transaction, where is expected to close in the second […]
USA: Unilever to acquire Hourglass Cosmetics
Unilever, the FMCG giant, has announced that it has signed an agreement to acquire Hourglass Cosmetics, a US-based manufacturer of colour cosmetics. Hourglass Cosmetics, which markets eye, lip and facial cosmetics, as well as the skincare brand Equilibrium, was founded in 2004 and promotes itself as being “at the revolutionary intersection of science, beauty and […]
USA: Kraft Heinz unveils coffee range with caffeine “boost”
Kraft Heinz, one of the world’s largest food and beverage firms, has launched a new range of coffee that allows consumers to adjust the level of caffeine intake. Marketed under the Maxwell House brand name and available in the US, the Max Boost line offers three different levels of caffeine per cup – 1.25, 1.5 […]
USA: Hain Celestial acquires Better Bean
Cultivate Ventures, the strategic platform of Hain Celestial Group has signed an agreement to acquire bean-based manufacturer Better Bean, for an undisclosed amount. “Better Bean is well suited for the Cultivate Ventures portfolio given our focus on the perimeter of the store with our BluePrint functional beverages, Yves Veggie Cuisine vegetarian offerings and Health Valley […]
USA: Supervalu to complete acquisition of Unified Grocers
US retail and wholesale firm Supervalu has completed the acquisition of wholesale grocery cooperative Unified Grocers for $390 million. The deal is comprised of $114 million in cash and $276 million for outstanding net debt. Supervalu has annual sales of about $13 billion, while Unified Grocers annual sales are approximately $3.8 billion. Mark Gross, president and […]
USA: Bright Greens receives $2 million funding from Kellogg’s Eighteen94 Capital
Cereal and snack firm Kellogg’s venture capital fund Eighteen94 Capital has made an investment in plant-based frozen smoothie maker Bright Greens. The $2 million raised is set to be used to scale up the business. Founded in 2015 by Brian Mitchell, Bright Greens aimed to make it more convenient for consumers to get their fruits […]