Canada: Furlani Foods to acquire Cole’s Quality Foods
Furlani Foods, a leading US producer of garlic breads, has announced the acquisition of its domestic peer Cole’s Quality Foods. Founded in 1943, Cole’s Quality Foods is described as having “brought” frozen garlic bread to North America and offers products such as Texas toast and breadsticks. The company operates production facilities in Muskegon (MI), and […]
USA: Tyson to close facility in Kansas
Tyson Foods, the leading US meat firm, has announced the closure of a beef and pork facility in Emporia (KS) with the loss of over 800 jobs. The decision to shut the facility comes as the size of the US cattle herd has fallen to its smallest size in decades, raising the cost of buying […]
USA: Constellation Brands agrees deal to sell Svedka brand to Sazerac
Leading alcoholic drinks company Constellation Brands has announced it has agreed to sell its Svedka vodka brand to peer Sazerac, with the deal expected to be completed in the next few months. Commenting on the move, Constellation Brands said its aim was to prioritise growing market sectors, with a focus on premium wine and craft […]
Canada: Prime Drink Group agrees to acquire Beach Day Every Day
Prime Drink Group, a Canadian company that markets beer and spirits brands, has announced it has signed a letter of intent to acquire all the issued and outstanding common shares of Prime Capital Investments Inc, the Quebec-based company that owns the Beach Day Every Day malt beverage brand. Beach Day Every Day is a canned flavoured […]
USA: General Mills to acquire pet food brands Tiki Pets and Cloud Star
US food giant General Mills has announced that it has reached an agreement to acquire the Tiki Pets and Cloud Star food brands, part of investment firm’s NXMH’s Whitebridge Pet Brands business, for $1.45 billion. As part of the transaction, General Mills will take over two manufacturing facilities in Joplin (MO), while NXMH will retain […]
USA: PepsiCo to acquire full ownership of Sabra and Obela
FMCG giant PepsiCo has reached an agreement to acquire the remaining 50% of Safra and Obela and take full ownership of both companies. PepsiCo said the move would allow it to accelerate innovation in fresh dips and spreads to meet growing consumer demand. Created between 2008 and 2012, Sabra and Obela are 50/50 joint ventures […]
USA: Lancaster Colony to acquire Winland Foods facility
Food manufacturer Lancaster Colony has announced the acquisition of a sauce and dressing production facility in Atlanta from Winland Foods for an approximate price of $75 million. The plant extends to around 300,000 sq ft in total, including roughly 250,000 sq ft of manufacturing space. “We are very pleased to have reached an agreement to […]
USA: Electrolit announces $400 million manufacturing facility
Electrolit, the Mexican sports drink firm, has announced plans to build a new $400 million manufacturing facility in the US state of Texas. The new 600,000 sq ft plant will be the company’s first US-based production facility and is expected to open by 2026. It is being constructed in response to “surging” demand driven by […]
USA: Nestle to invest $150 million in frozen food plant
Nestle, the Swiss consumer goods giant, has announced an investment of $150 million to expand its frozen food facility in Gaffney, South Carolina. The investment will be used to install a new production line for single-serve frozen meals and upgrade automation and digital technology. Operating since 1980, the Gaffney plant produces frozen food for brands […]
USA: Lolli & Pops acquires Hammond’s Candies
Lolli & Pops, a portfolio company of private equity firm TerraMar Capital, has announced the acquisition of US-based confectionery producer Hammond’s Candies for an undisclosed sum. Founded in 1920, Hammond’s manufactures handcrafted candy canes, lollipops, and other classic sweet treats. Lolli & Pops is a leading retailer of chocolates and other unique sweets from around […]