USA: Hormel Foods spins off Justin’s nut butter brand
Global branded food company Hormel Foods has announced plans to separate its Justin’s nut butter and chocolate snack brand through a strategic partnership with Forward Consumer Partners, a private investment firm. As part of the agreement, Forward Consumer Partners will acquire a 51% stake in the business, while Hormel will retain a 49% interest, allowing Justin’s […]
USA: Urban Farmer acquires Caulipower
Urban Farmer, a private-equity-backed producer of plant-based bakery products, has announced the acquisition of Caulipower, the US frozen-food business specialising in cauliflower-based products. Urban Farmer is a portfolio company of Paine Schwartz Partners and a producer of plant-based speciality dough, frozen pizzas, crusts, and bakery products, operating manufacturing facilities in Manteno (IL). Commenting on the move, […]
USA: Kimberly-Clark to acquire Kenvue
US-based household firm Kimberly-Clark has announced the acquisition of leading global consumer health firm Kenvue for $32 billion. Kenvue is described as the world’s leading consumer health company by revenue, housing science-backed brands such as Aveeno, Band-Aid, Johnson’s, Listerine, Neutrogena and Tylenol. Commenting on the move, Kimberly-Clark chairman and chief executive officer Mike Hsu said: “Kenvue […]
USA: Fresca Foods partners with Cerealto
Fresca Foods, a co-manufacturer of natural and organic snacks, has announced a strategic partnership with Cerealto, a leading contract producer of biscuits, cereals and snack bars in Europe, the UK and Mexico. Founded and headquartered in Colorado, Fresca Foods co-manufactures for the US and global brands across five major categories: snack bars, granola, breakfast cereals, […]
Canada: B&G Foods to sell Green Giant and Le Sieur brands to Nortera
B&G Foods, the US-based ambient and frozen foods company, has announced that it has entered into an agreement to sell its Green Giant and Le Sieur frozen brands in Canada to Nortera. According to B&G Foods, the proceeds will be utilised for general corporate purposes, including long-term debt repayment, acquisition of assets relevant to its […]
USA: PNC Brands Group acquires majority stake in Ice Cream Factory
PNC Brands Group, which provides integrated support for food brands and is the parent company of Pivot North Consulting Group and PNC Specialty Foods, has acquired a majority stake in the US-based, family-owned ice cream business Ice Cream Factory. Founded in 2019, Ice Cream Factory produces handcrafted ice cream sold in thousands of retail outlets […]
USA: Amazon launches budget private label brand
E-commerce giant Amazon has announced the launch of Amazon Grocery, a new private-label brand featuring more than 1,000 foods with a customer rating of four stars or higher. Amazon said its range includes milk, olive oil, fresh produce, meat, and seafood with the majority of products priced below $5 for strong customer value. The private-label […]
USA: Heineken to acquire FIFCO’s beverage and retail businesses
Multinational Dutch brewer Heineken has announced that it has entered into binding agreements with its long-term partner Florida Ice and Farm Company (FIFCO) to acquire the remaining 75% of Distribuidora La Florida, as well as FIFCO stakes in certain other businesses, for $3.2 billion. Heineken’s stake in Distribuidora La Florida, encompasses its beverages, food, and […]
Israel: Strauss Group to launch ‘animal-free’ dairy product line
Strauss Group, a food and beverage manufacturer, has announced the launch of CowFree, a new brand range containing animal-free beta-lactoglobulin (BLG) protein that mirrors the properties of cow’s milk protein. The product range includes a milk drink analogue under the name Yotvata, and a cream cheese under the name Symphony. The products are described as being are fortified […]
USA: Louisville Vegan Jerky acquired by Louisville Brands
Equity fund Render Capital has announced that Louisville Vegan Jerky Company, part of its Fund 1 portfolio, has been acquired by Louisville Brands, an expanding group of consumer packaged goods businesses. Louisville Vegan Jerky is reportedly a leading plant-based snack jerky brand, outselling both meat and non-meat rivals in Whole Foods stores across the US. […]