USA: Constellation Brands acquires SpikedAde
Constellation Brands, the US-based total beverage alcohol company, has expanded its portfolio with the acquisition of alcoholic sports drink brand SpikedAde for a payment of $75 million at close. The transaction includes 100% ownership of the business, alongside contingent consideration of up to $278 million payable over five years based on future performance, according to […]
USA: Next In Natural acquires Three Trees
Next In Natural, the US-based emerging brand platform, has acquired Three Trees, a Californian producer of organic plant-based milks and milk teas, marking its first venture into plant-based dairy. Founded by Jenny Eu in California, Three Trees offers whole nut and seed milks that contain up to four times more nuts and seeds than leading […]
Canada: Nestle expands Toronto confectionery factory
Nestle, the food and beverage manufacturer, has completed an expansion project valued at over C$68 million ($50 million) at its confectionery factory in downtown Toronto. According to Nestle , the investment adds physical production space, advanced equipment and site utilities, including a flexible moulding line designed to produce KitKat and Aero. “Our 550 factory employees […]
USA: Hain Celestial to sell business outside North America
Hain Celestial, the health and wellness company, has entered into a definitive agreement to sell the majority of its business outside North America to global private equity firm Aurelius for an estimated $323 million in cash. Net proceeds from the transaction are expected to range between $305 million and $310 million, which the company plans […]
USA: Belle Brands acquires biotech hair care firm Vegamour
Belle Brands, a platform company formed by consumer-focused private investment firm Windsong Global, has acquired Vegamour, a US-based biotech-powered hair care business. Vegamour was founded in 2016. Its brand portfolio joins Belle Brands’ growing suite of beauty businesses, which includes JVN Hair, Pipette, KVD Beauty and Versed. Vegamour’s flagship products include GRO Hair Serum, designed […]
USA: Watkins acquires Sauer Brands’ spice business
The Watkins Company, a USA-based flavour business, has entered into a definitive agreement to acquire the spice business of Sauer Brands, a USA-based food company. The acquisition includes Kernel Season’s, Spice Hunter, and Sauer’s branded spices and seasonings, alongside spice-related private label and foodservice operations. Sauer Brands will retain its mayonnaise and condiment business, including […]
USA: Beyond Meat launches Phytosphere nutrition range
Beyond Meat, the US plant-based protein company, has launched Phytosphere, a product range featuring protein powders, bars, beverages and “centre-of-plate” products. Available via a dedicated website, the new portfolio reportedly allows consumers to “stack” plant nutrients such as protein, fibre, polyphenols, and plant sterols across their diets. The range includes the Beyond Star Series, featuring […]
USA: Campbell’s Soup to close two snack manufacturing plants
Campbell’s Soup, the US food and beverage manufacturer, has announced the closure of two snacks manufacturing facilities as part of a new $500 million enterprise-wide savings program designed to optimize operations, support margins and increase operational speed and accountability. During an investor call, the company said the closures would affect snacks plants located in Hyannis […]
USA: Unilever Prestige partners with CauzzyAI to drive artificial intelligence integration
Unilever Prestige, the luxury beauty division of consumer goods manufacturer Unilever, has entered into a strategic partnership with software developer CauzzyAI to deploy its enterprise artificial intelligence (AI) platform across its brand portfolio. The collaboration is designed to embed AI capabilities into daily operations, transforming Unilever Prestige into an AI-native enterprise. Under the agreement, participating […]
USA: Sapporo to close Escondido facility with loss of 220 jobs
Sapporo USA, the US subsidiary of the Japanese brewing company, is set to permanently close its Escondido brewing facility and bistro in California, resulting in 220 job losses. According to notices filed with the state of California, redundancies will take place in stages starting on 19th October, when 58 employees will lose their jobs, with […]