USA: Tropical Cheese acquires Cibao Meat Products to expand refrigerated portfolio
Tropical Cheese, the US-based producer of Hispanic dairy products, has acquired Cibao Meat Products, a manufacturer of Hispanic-style meats, for an undisclosed sum. Based in Perth Amboy (NJ), Tropical Cheese plans to integrate the business as a new division to provide a more comprehensive portfolio of branded Hispanic refrigerated food products across the US East Coast. […]
USA: USK Capital acquires majority stake in Go Raw
USK Capital, the family office of Indian billionaire banker Uday Kotak, has acquired a majority stake in Go Raw, a US-based manufacturer of seed-centric snacks. The transaction, executed through an overseas entity, marks USK Capital’s first international investment and its debut in the consumer goods sector. The stake was acquired from Juggernaut Capital Partners, a […]
USA: Impossible Foods partners with Equii to boost protein content
Impossible Foods, the California-headquartered plant-based meat producer, has entered into a licensing agreement with bread and pasta specialist Equii to bolster its presence in the high-protein food sector. The partnership will allow Impossible Foods to pair its meat alternatives with Equii’s portfolio of protein-enriched products, which includes bread, pasta and baking mixes. The collaboration aims […]
USA: Good Culture secures majority investment from L Catterton
Good Culture, the Austin, Texas-based clean-label cultured dairy brand, has entered into a definitive agreement for a majority investment from L Catterton, the global consumer-focused investment firm, positioning the company for accelerated growth across the USA. According to press statements, Good Culture’s sales have nearly quadrupled over the past three years while the broader cottage […]
USA: AB InBev to invest $30 million in Virginia brewery
Anheuser-Busch InBev (AB InBev), the Belgium-headquartered global brewing giant, has announced a $30 million (£23.6 million) investment in its brewery located in Williamsburg (VA). The capital injection is specifically aimed at increasing the production capacity of Michelob Ultra, a premium light lager that has become a key driver of growth for the company’s North American […]
USA: Cobram Estate Olives strengthens presence with California Olive Ranch acquisition
Cobram Estate Olives, the Australian olive oil producer, has entered into a binding agreement to acquire California Olive Ranch (COR) for a total consideration of $173.5 million. The transaction for COR, a vertically integrated olive oil firm based in California, consists of $88.5 million in cash, $70 million in vendor notes, and an earn-out payment […]
Canada: Cizzle Brands to acquire Flow Beverage Corp in $85.6 million deal
Cizzle Brands, a Canadian investment firm, has entered into an agreement to acquire Flow Beverage Corp, the Ontario-based alkaline spring water producer, for a total enterprise value of approximately C$85.6 million ($60.63 million). Flow Beverage Corp is known for its alkaline water sourced from artesian springs and packaged in plant-based Tetra Pak cartons. Under the […]
USA: Premium Brands expands protein portfolio with Stampede acquisition
Premium Brands, the Canadian specialty food manufacturer, has completed the acquisition of Stampede Culinary Partners, a US-based protein supplier, for approximately $688 million. The transaction for the Chicago-headquartered firm comprised $512.5 million in cash and $150 million in common shares, alongside capital adjustments and cash reimbursements. Originally founded 30 years ago as a butcher operation, […]
USA: Sugar Foods expands North American footprint with Indiana facility
Sugar Foods, the US-based food manufacturer behind brands such as Fresh Gourmet, Mrs. Cubbison’s, Concord Foods and N’Joy, has secured a 617,000 sq production and distribution facility in Whiteland (IN) to strengthen its national supply chain and support growth across foodservice, retail and private label markets. The state-of-the-art facility, located in central Indiana, is designed to […]
USA: Brella Beverage acquires Chicago Distilling Company portfolio
Brella Beverage, a USA-based manufacturer of functional and spirits-based beverages, has announced the acquisition of the spirits brand portfolio of Chicago Distilling Company, an Illinois-based craft distillery. The transaction includes the acquisition of the Ceres Vodka and Finn’s Gin brands. According to Brella Beverage, the deal is intended to strengthen its footprint in the craft […]