Brazil: Grupo Piracanjuba acquires cheese manufacturer Basel Lacteos
Grupo Piracanjuba, one of Brazil’s largest dairy companies, has announced the acquisition of Basel Lacteos, a specialist producer of premium cheeses based in the state of Minas Gerais. The transaction involves the takeover of Basel’s manufacturing facility in Antonio Carlos, a municipality in the Serra da Mantiqueira region known for its high-quality milk production. The […]
USA: Smithfield Foods acquires hot dog brand Nathan’s Famous
Smithfield Foods, the US-based pork processor and subsidiary of WH Group, has entered into a definitive agreement to acquire Nathan’s Famous in an all-cash transaction valued at approximately $450 million. The deal, which sees Smithfield pay $102 per share for the 110-year-old business, consolidates the ownership of one of America’s most recognisable hot dog brands. […]
USA: Del Monte Foods to shutter Modesto cannery
Del Monte Foods, the US processed food manufacturer currently in Chapter 11 bankruptcy, has announced the closure of its production facility in Modesto, California, a move that will impact up to 1,800 workers. The decision to wind down operations at the historic Central Valley site follows the company’s recent court-supervised asset auction. While the company […]
USA: Highlander Partners acquires Tapatio Foods
Highlander Partners, the Dallas-based private investment firm, has acquired the California-based hot sauce manufacturer Tapatio Foods for an undisclosed sum. Founded in 1971 by Jose-Luis Saavedra, Tapatio Foods has remained a family-owned business for over five decades, growing from a local start-up into a leading national brand. The company, headquartered in Escondido, produces a signature […]
Australia: Lactalis to close historic South Brisbane factory
Lactalis, the French dairy giant, has announced plans to shutter its manufacturing facility in South Brisbane, Australia, impacting approximately 202 employees. The historic site, which produces brands including Pauls, Ice Break, and Vaalia, is scheduled to cease operations in July. According to the company, production volumes will be transferred to its facility in Nambour on […]
Brazil: Panfacil expands frozen bread production
Panfacil, the frozen bakery division of the Brazilian milling group Grupo Estrela, has announced an investment of R$44 million ($7.6 million) to expand its manufacturing facility in Canoas, Rio Grande do Sul. The capital injection will be used to enlarge the site’s physical footprint and cold storage infrastructure, as well as to install a new […]
USA: MPearlRock acquires The Good Crisp Company
MPearlRock, the US-based growth capital platform formed by MidOcean Partners and Kroger, has expanded its presence in the ‘better-for-you’ snacking sector with the acquisition of The Good Crisp Company for an undisclosed sum. Founded in 2015 and headquartered in Boulder, Colorado, The Good Crisp Company specializes in clean-label canister potato chips and cheese balls. The […]
USA: Fresh Del Monte reunites Del Monte brand with $285 million acquisition
Fresh Del Monte Produce, the US-based produce giant, has agreed to acquire the vegetable, tomato and refrigerated fruit assets of bankrupt peer Del Monte Foods for $285 million, effectively reuniting the Del Monte brand under a single owner for the first time in nearly four decades. The transaction, which emerged from a court-supervised auction following […]
USA: Izzio Artisan Bakery expands production with second Colorado facility
Izzio Artisan Bakery, the US-based wholesale bread producer, has opened a new 150,000 sq ft manufacturing facility in Thornton (CO) to meet rising national demand for sourdough products. The expansion increases the company’s total production footprint to more than 250,000 sq ft across two plants, including its existing site in Louisville. The Thornton facility is nut-free and […]
Brazil: JBS to divest from Jack Link’s joint venture
JBS, the world’s largest meat processing company, is set to exit its long-standing meat snacks partnership with US-based manufacturer Jack Link’s. The Brazilian giant has filed a formal petition with the Administrative Council for Economic Defense (CADE), Brazil’s competition authority, to approve the sale of its 50% stake in Meat Snack Partners. Under the terms […]