USA: Dollar Tree to divest Family Dollar
Dollar Tree, the largest discount retailer in the US, has announced it has entered into an agreement to sell its Family Dollar business to Brigade Capital Management and Macellum Capital Management for $1 billion. Founded in 1953, Dollar Tree operated over 16,500 stores as of 1st February 2025, spanning 48 US states and five Canadian […]
US: Global Eggs Acquires Hillandale Farms
Global Eggs, a Luxembourg-based egg conglomerate, has reached an agreement to acquire US egg producer Hillandale Farms for $1.1 billion, according to a Reuters report. Global Eggs was established last year and operates Brazil’s Granja Faria and Spain’s Grupo Hevo, acquiring the latter in November. Hillandale Farms, Grupo Hevo, and Granja Faria reportedly generated over $2 billion combined in revenue […]
USA: Conagra Brands to close Michigan plant
Conagra Brands, the leading US food manufacturer, has announced plans to close its pie filling plant in Fennville (MI), with the potential loss of 85 jobs, according to a Just Food report. The closure follows the shutdown of Conagra Brands’ Birds Eye frozen vegetables plant in Beaver Dam (WI), last April, which resulted in 252 workers […]
USA: Bunge to sell European margarines and spreads business to Vandemoortele
Bunge, the leading agri-commodities business, has entered into an agreement to sell its European margarines and spreads business to Vandemoortele, a leading European manufacturer and seller of frozen baked goods and plant-based foods. Under the agreement, Vandemoortele will acquire Bunge’s margarines and spreads business in Germany, Finland, Poland and Hungary, together with its spreads and […]
USA: Philip Morris to relaunch heated tobacco system IQOS
Philip Morris International (PMI), the leading tobacco firm, has announced a relaunch of its heated tobacco brand IQOS in the US, with an initial roll out in the state of Texas. The IQOS device will be sold for $60, and the tobacco sticks to go along with it at $8. The relaunch is part of PMI’s reported […]
USA: Bauducco breaks ground on Florida facility
Brazillian-based biscuit firm Bauducco Foods has announced that the company has broken ground on a new production and distribution facility in the US state of Florida. According to sources, the new 72-acre facility, involving an investment of $200 million, is located in Zephyrhills and will be developed in three stages. The first stage is expected to […]
USA: Lotus Bakeries partners with Froneri on ice cream launches
Belgian biscuit and cake manufacturer Lotus Bakeries has announced a licensing agreement with ice cream specialist Froneri to accelerate the growth of its Lotus Biscoff brand in the US ice cream market. The partnership is set to operate as a sub-licence under an agreement reached between Mondelez International and Lotus Bakeries in 2024 covering Biscoff cookie production in India […]
USA: PepsiCo to acquire prebiotic soda brand Poppi
FMCG giant PepsiCo has announced that the company has entered into a definitive agreement to acquire Poppi, a fast-growing prebiotic soda brand, for $1.95 billion. Poppi is made with fruit juice, apple cider vinegar, and prebiotics, with less than 5g of sugar per serving, and is available across the US in 14 flavours. Commenting on […]
US: Sycamore Partners strikes deal to acquire Walgreens Boots Alliance
Walgreens Boots Alliance (WBA), the global pharmacy chain, has announced that it has entered into a definitive agreement to be acquired by an entity affiliated with Sycamore Partners, a private equity firm specializing in retail, consumer, and distribution-related investments. “Leveraging WBA’s healthcare expertise and Sycamore’s established leadership in retail and consumer services, WBA will be […]
USA: Core Home acquires boba tea startup Bubluv
Core Home, a manufacturer of housewares and lifestyle products, has announced the acquisition of Bubluv, an Asian boba tea brand, to mark the company’s entry into the food and beverage industry. Described as being free from artificial ingredients, and low in calories and sugar, Bubluv’s flagship bubble tea is described as a shelf-stable drink with milk and […]