USA: Estee Lauder to acquire Too Faced
Estee Lauder, the-US based cosmetics firm, has announced that it is to buy make-up brand Too Faced in a deal worth approximately $1.45 billion. Launched in 1998, Too Faced is described as offering “an unabashedly empowering line of cosmetic products for the eyes, face and lips” and as being “beloved for its high-quality, innovative formulas, […]
USA: Highlander Partners announces acquisition of Hillside Candy
Investment firm Highlander Partners has announced the acquisition of sugar confectionery firm Hillside Candy for an undisclosed amount. Hillside manufactures and markets organic, sugar-free confectionery products under the GoOrganic, GoLightly, Pick Your Color and Hillside Sweets brands. The product line predominantly consists of hard sweets but also includes fruit chews under the GoOrganic name. Products […]
USA: Diaz Foods acquires Frutel brand
Atlanta, USA based food distributor Diaz Foods has announced its acquisition of the Frutel brand from Origin Foods. Frutel is a yoghurt drink blended with whey protein and is available in flavours such as strawberry, banana, peach and mango. It claims to offer a natural energy boost and markets itself as a healthy treat, containing […]
USA: Blue Diamond launches non-dairy egg nog
US non-dairy milk producer Blue Diamond is adding an almond-based egg nog to its Almond Breeze line up for the festive season, according to a report in CNBC. Debuting in Classic and Vanilla Chai Spice varieties, Almond Breeze Egg Nog will add to the existing Almond Breeze line up of sweetened and unsweetened almond milks […]
USA: Gores Holdings acquires Hostess Brands for $522 million
Gores Holdings, a special purpose acquisition company, has announced that it has completed its acquisition of bakery firm Hostess Brands for approximately $522 million in cash. The deal sees Gore Holdings take a majority stake in the company, with previous majority owners Apollo Global Management and C Dean Metropolous retaining a 42% minority interest. Hostess […]
USA: Bimbo to close two factories
The US division of bakery firm Bimbo is to close two production facilities by early 2017, according to a report in Food Business News. The firm’s Lubbock, TX facility is set to close by early January, Bimbo said, with production shifted to Rockwall, TX. The plant, which makes bread and buns, was initially acquired as […]
USA: Constellation Brands to buy brewing facility for $600 milllion
Constellation Brands, the US alcoholic drinks firm, has agreed to a deal to buy a brewing facility from Grupo Modelo, an Anheuser-Busch InBev subsidiary, at a cost of $600 million. The Mexican facility, located in Obregon will come under the control of Constellation once the deal has been completed. The company plans on increasing the […]
USA: Lancaster Colony announces Angelic Bakehouse acquisition
US food manufacturer Lancaster Colony has announced a new move to bolster its presence in bakery with the acquisition of Angelic Bakehouse. The Ohio-based company said that its wholly owned subsidiary T Marzetti had entered into a definitive agreement for the sprouted grain bread firm, which manufactures products such as bread, bread crisps, crusts, wraps, buns […]
USA: Brynwood Partners acquires Faribault Foods beverage assets
Brynwood Partners, the investment group that owns the Juicy Juice brand, has announced that its majority-owned portfolio company Harvest Hill has acquired the beverage manufacturing assets of Faribault Foods, a producer of pulses, canned foods and snacks and part of the La Costena group. Faribault Foods’ beverage assets include a manufacturing plant in Elk River, MN, […]
Canada: Metro introduces online grocery shopping
Metro, a food and pharmaceuticals distributor in the Canadian provinces of Quebec and Ontario, has launched a platform that allows customers to do their grocery shopping online. Starting at the end of October, the new service is available to Metro consumers in the Quebec area, with orders placed online able to be picked up at […]