USA: General Mills acquires TNT Crust from Peak Rock Capital
US food giant General Mills has announced the acquisition of TNT Crust, a manufacturer of high-quality frozen pizza crusts for pizza chains, foodservice distributors, and retail outlets, from Peak Rock Capital. According to sources, TNT Crust products are highly complementary to General Mills’ existing frozen baked goods portfolio. With this acquisition, General Mills aims to […]
USA: Mondelez sell Halls and gum business
Mondelez International, snack and confectionery multinational, announced the divestment of its market gum, and global Halls business. According to sources, included in the sale of its market gum business are brands such as Trident, Stride, and Dentyne, which are part of a segment with annual revenue of about US$450million. This decision was the output of […]
USA: Sargento Foods acquires Baker Cheese Factory
Cheese maker Sargento Foods has acquired the Wisconsin-based Baker Cheese Factory, due to the increasing demand for more convenient on-the-go dairy products. According to Sargento Foods, cheese snacking has become ‘one of the fastest growing sections of the cheese category’, so the firm decided to acquire the local mozzarella string cheese producer, which had recently […]
Canada: Barry Callebaut to open new factory
Belgian-Swiss cocoa processor and chocolate manufacturer, Barry Callebaut, announced plans to build a new specialty factory in Ontario, Canada. According to the firm’s press release, the new factory will be designed for the purpose of making sugar-free chocolate, high protein, and other various specialty products to meet new demands and an estimated initial production capacity […]
USA: Utz Brands buys plant from Benestar Brands
US based salted snack manufacturer Utz Brands has announced that they have purchased a brand-new manufacturing facility in North Carolina from Benestar Brands, with the transaction totaling $38.4 million with $1.3 million in liabilities. According to the company’s statement, the acquisition involved the plant, equipment, and the land where the plant is located. Chief operating […]
USA: Jack Link’s to invest $450 million in Georgia expansion
US based meat snack company Jack Link’s has announced plans to expand with a new manufacturing plant in Perry, Georgia. According to sources, the company estimates an investment of $450 million and the creation of 800 new job positions. Chief executive of Jack Link’s, Troy Link, said “We are excited to partner with the state of Georgia […]
USA: Mondelez to buy Ricolino from Grupo Bimbo
Mondelez International, snack and confectionery multinational, has agreed to pay US$1.3bn for the Mexican confectionery business Ricolino from bakery firm Grupo Bimbo. Ricolino was launched in 1970 and sells snacks and confectionery products including lollipops, marshmallows, chocolates, and gummies under its brand name, and Vero, La Corona, and Coronado brands. According to sources, this acquisition […]
USA: Mars to open new R&D hub in Chicago
Global confectionery giant Mars Wrigley has announced new investment for an approximately $40 million research and development hub that will be adjacent to its innovation centre in Goose Island, Chicago. According to sources, this expansion will make Chicago the largest innovation hub for the company and it will create 30 new jobs in the innovation […]
Canada: Simply Better Brands and Jones Soda to merge
Plant Based and holistic wellness firm Simply Better Brands Corp. and Jones Soda Co, manufacturer and distributor of premium craft beverages, have announced that the two companies have executed a binding letter in which Simply Better Brands will acquire the Jones Soda company and its assets. According to sources, the combination of the two rapidly […]
USA: Patriot Pickle acquires Farm Ridge Foods
US firm Patriot Pickle, a company by private equity firm Swander Pace Capital, has announced the acquisition of the pickle business from distributor Farm Ridge Foods. Patriot Pickle, which is based in Wayne, New Jersey, manufactures and delivers a variety of refrigerated pickles, sauerkraut, and other pickled vegetable products around the US. Farm Ridge Foods […]