USA: Buitoni to close Danville facility
Buitoni, the US pasta maker, is permanently closing its manufacturing facility in Danville (VA), on 28th December, according to local WARN Act notices. The closure will affect 251 workers across production, warehousing, quality control and administration roles, with reportedly all positions being eliminated and no bumping rights available. Buitoni is consolidating its pasta and sauce […]
USA: Mondelez International acquires majority stake in Undercover Snacks
Mondelez International, one of the world’s largest snacking companies, has acquired a majority stake in Undercover Snacks, a US-based snack company known for its chocolate-covered and frosted quinoa crisps. The investment marks a new stage of growth for Undercover Snacks, positioning the company to capitalize on growing consumer demand for delicious, better-for-you snacks and permissible […]
USA: I-Tail completes acquisition of Phelps Pet Products
I-Tail, a leading global pet food manufacturer, has completed the acquisition of Phelps Industries LLC, commonly known as Phelps Pet Products, for an enterprise value of $160 million. The acquisition by the Thailand-based company expands its presence in treats and specialty pet nutrition, combining Phelps’s specialization in dog nutrition and its portfolio of air-dried foods […]
Canada: High Liner Foods agrees to Umios buyout
High Liner Foods, the Canadian seafood processor, has entered into a definitive arrangement agreement to be acquired by Umios, the Japanese seafood and marine-protein company, for C$27.00 ($19.29) per share in cash. The transaction values High Liner Foods at approximately C$804 million ($575 million) on a fully diluted equity basis and C$1.25 billion ($892.38 million) […]
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 […]