USA: Keurig Green Mountain to be bought by JAB Holding
Coffee firm Keurig Green Mountain, the firm behind the Keurig Hot and Keurig KOLD beverage systems, has accepted a bid of $13.9 billion for the business from private German fund JAB Holding. The deal established the payment of $92 per share, in an agreement that represents a premium of approximately 77.9% over Keurig Green Mountain’s […]
USA: Unilever sells five hair care brands to Strength of Nature
Multinational FMCG firm Unilever has announced that it has sold the Motions, Just for Me, Consort, Groom & Clean brands, and African rights to the TCB brand, to the specialized multi-cultural hair care manufacturer, Strength of Nature. Georgia, USA based Strength of Nature markets a number of brands including Profectiv MegaGrowth, African Pride, Dream Kids, […]
USA: Atlantic Natural Foods to acquire Neat Foods
It has been announced that Atlantic Natural Foods (ANF) has entered into a letter of intent to acquire the assets of Neat Food, with both companies expecting the acquisition to be finalised by the end of 2015. According to a press release, ANF is looking to extend its portfolio with “shelf-stable protein-based alternatives” by adding […]
USA: The Village Company acquires seven brands from High Ridge Brands
High Ridge Brands, a personal care firm owned by private equity group Brynwood Partners, has announced that it is to sell the global assets and rights to seven of its personal care brands to The Village Company. The Village Company will add the Soft & Dri, La Bella, Dep, Pure & Natural, Mink Difference, Adorn, […]
USA: J&J Snack Foods releases filled Oreo Churros for retail
US food producer J&J Snack Foods has unveiled two filled varieties of its Oreo Churros for the retail market. A successor to the original unfilled Oreo Churros launched for the catering market (focused on leisure venues) in November 2014, Oreo Filled Churros come in the versions Creme Filled Oreo Churros and Oreo Churros Creme Filled […]
USA: ConAgra Foods announces plans to split
US food manufacturer ConAgra Foods has announced plans to split its business into two independent public companies. According to the firm, the spin-off company Lamb Weston will contain the foodservice portfolio of frozen potato, appetizer and other vegetable products, whilst Conagra Brands, Inc. (Conagra Brands) will comprise the diverse consumer brands portfolio. Sean Connolly, president […]
USA: Supervalu mulling possible Save-A-Lot sale – reports
Reuters is reporting that US grocery firm Supervalu is considering an outright sale of its discount Save-A-Lot chain, as opposed to the spin-off mooted in July. Quoting “people familiar with the matter”, the Reuters report noted that Supervalu had received some interest from private equity firms and that it would consider offers for Save-A-Lot once […]
USA: Pinnacle Foods set to buy Boulder Brands
Pinnacle Foods, a producer, marketer and distributor of food products and owner of the Bird’s Eye brand in the US, has announced that it has agreed to acquire Boulder Brands in a deal valued at approximately $975 million, including around $265 million of net debt. Describing the move as a “strategic, synergy-rich transaction”, Pinnacle said that the […]
USA: Costellation Brands to buy Ballast Point Brewing & Spirits
Leading alcoholic drinks firm Costellation Brands is looking to expand in the fast-growing craft beer market by announcing it will buy Ballast Point Brewing & Spirits for $1 billion. Ballast Point is a San Diego based company with 500 employees producing more than 40 different types of beer, led by its Sculpin IPA and Grapefruit […]
Canada: Labatt Breweries adds spirit, cider and FAB brands to portfolio
Labatt Breweries of Canada is acquiring a range of RTD, cider and spirit brands in a $350 million deal with the Mark Anthony Group. According to a report in Food In Canada, the deal will give Labatt ownership of brands such as Mike’s Hard Lemonade, Palm Bay and Okanagan Cider along with Turning Point Brewery […]