USA: Kellogg announces plans to split into three companies
Food giant The Kellogg Company has recently announced plans to restructure the company by splitting it into three companies in the US. The firm is planning to combine all of its cereal operations in North America into one singular entity. Similarly, Kellogg is planning to separate its plant-based and snacking businesses into separate companies as […]
USA: Mondelez International to buy Clif Bar
FMCG giant Mondelez has announced plans to buy Clif Bar & Company for $2.9 billion (€2.75 billion), paying additional amounts to the sellers according to its earnings from Clif Bar. According to the sources, the giant will get the Clif, Luna, and Clif Kid brands of bars in its portfolio through the acquisition, creating a […]
USA: Athletic Brewing opens non-alcoholic brewery
US firm Athletic Brewing Company has officially started production at its 50,000 square foot new facility in Milford, Connecticut. Athletic Brewing is one of the country’s largest non-alcoholic beer producers and it has experienced exponential growth over the past five years, producing 1.4 million cases of beers in 2021. It is expected that with this […]
USA: New Berlin Beverage acquires iced tea maker Minna
New Berlin Beverage, a recently founded holding company with a focus on emerging and innovative beverages, has announced the acquisition of Minna, a line of sparkling iced teas. Minna’s portfolio consists of various types of sparkling tea, including fruity flavours such as cherry cacao green tea and pineapple passion fruit tea. CEO of New Berlin […]
USA: Atlas Holdings to acquire Foster Farms
US based company Atlas Holdings, owner of manufacturing and distribution businesses operating in various sectors, has announced the completion of the acquisition of Foster Farms, a producer of fresh and frozen poultry based in California. According to sources, Foster Farms has a history of being one of the leading brands in fresh chicken products in the west […]
USA: Borgman Capital acquires Dairyfood USA
Specialty cheesemaker Dairyfood USA has been acquired by Borgman Capital, a private-equity company, that will merge the business with Gilman Cheese, an own-label cheese manufacturer. The acquisition will allow Gilman Cheese to expand its portfolio of products and production capacity. Dairyfood USA was founded in 1953 and sells products under the Glacier Ridge Farms, Queso […]
USA: Starbucks sells Evolution Fresh to Bolthouse Farms
Starbucks and Bolthouse Farms have entered into a definitive agreement for Bolthouse Farms to acquire brand and business of Evolution Fresh. Evolution Fresh is a producer of cold pressed juice products which was owned by Starbucks since the 2010s. The transaction will allow Bolthouse Farms to expand its beverage portfolio with cold pressed premium juices, […]
USA: General Mills to sell Helper and Suddenly Salad brands to Eagle Foods
US giant food General Mills has entered into an agreement with Eagle Foods to sell Helper and Suddenly Salad businesses for a $610 million cash transaction. With the acquisition, Eagle Foods will create three diversified platforms focusing on growing centre store categories for retailers and continue investing in its growing snacks and milk business in […]
Canada: Above Food acquires quinoa producer NorQuin
Canadian plant-based food supplier, Above Food, has acquired a local quinoa products supplier Northern Quinoa Production Corp. (NorQuin). NorQuin, is the leading quinoa producer in the world providing a broad portfolio of quinoa in a variety of formats, such as whole seeds, flour, flakes, crisps, IQF, multi-grain blends, among others. Lionel Kambeitz, CEO of Above […]
USA: Vital Farms to expand Egg Central Station facility
Vital Farms, a Certificated B Corporation with an offering of ethically produced food, has announced the expansion of Egg Central Station, its world-class egg washing and packing facility in Missouri. The 150,000 square foot facility has almost doubled its size, allowing Vital Farms to continue growing the pasture-raised egg business and generate new ‘high-quality’ jobs. […]