USA: AB InBev invests $8 million in St. Louis brewery
Leading brewer AB InBev has announced that the company has invested $8 million in its brewery in St. Louis (MS) via US subsidiary Anheuser-Busch. The move will create and sustain jobs and drive economic growth in its hometown, the company said in a statement. The company has invested more than $165 million in its St. […]
USA: Keurig Dr Pepper to acquire Ghost energy drink brand
Keurig Dr Pepper (KDP), the soft drinks and coffee firm, has announced that it has entered into an agreement to acquire Ghost Lifestyle and Ghost Beverages (collectively “Ghost”) for $990 million. Founded in 2016, Ghost is a brand of sports nutrition products, energy drinks, dietary supplements, and apparel, anchored by its flagship energy drink brand […]
USA: JM Smucker to sell Voortman biscuit brand
US-based food and beverage company JM Smucker has announced that the company is selling its Voortman biscuit brand to Second Nature Brands, a US manufacturer of snacks and treats controlled by CapVest Partners LLP. In a press release, JM Sumcker said the decision to offload Voortman would enable it to reallocate resources to its “core […]
USA: Shamrock Farms to Invest $59 million in Virginia manufacturing site
Shamrock Farms, a leading US dairy firm, has announced an investment of $59 million to expand its milk manufacturing facility in Augusta County, Virginia. The project will generate 28 new jobs and expand the company’s existing 250,000 sq ft facility in Mill Place Commerce Park by an additional 81,000 sq ft. The investment is earmarked […]
USA: Meat substitute brand Simulate acquired by private equity fund Ahimsa
Private-equity investor Ahimsa has announced the acquisition of Simulate, the owner of US plant-based meat alternative brand Nuggs. Available since 2019, Nuggs established a presence in over 5,000 retail locations, including Walmart, Target, and Whole Foods Market. Commenting on the acquisition, Simulate co-founder and CEO Sam Terris said: “We were looking for a partner that […]
USA: Mart Frozen Foods opens Idaho manufacturing facility
US food manufacturer Mart Frozen Foods has announced it has inaugurated a $65 million high-tech food manufacturing facility in Rupert (ID). The new 100,000 sq ft facility, located adjacent to the company’s headquarters, has reportedly created 80 new jobs and will produce and package fully baked Idaho potatoes, marketed under the OH!Tatoes brand. Julian Critchfield, […]
USA: Prairie Farms Dairy acquires SmithFoods
US based dairy firm Prairie Farms Dairy has announced the acquisition of domestic peer SmithFoods. According to sources, the deal is part of Prairie Farms Dairy’s strategy to diversify its product portfolio and expand its market reach. Ohio-based SmithFoods was founded in 1909 and produces dairy based products such as milk, sour cream, cottage cheese, […]
USA: PepsiCo announces agreement to acquire Siete Foods
FMCG giant PepsiCo has announced that the company has entered into a definitive agreement to acquire Garza Food Ventures LLC, trading as Siete Foods, a Mexican-American foods company. In a press release, PepsiCo said the $1.2 billion deal would complement the firm’s portfolio with an authentic Mexican-American brand as well as adding a variety of […]
US: Japan Tobacco to complete acquisition of Vector Group
Japan Tobacco (JT), the leading tobacco company, has announced it has completed the acquisition of Vector Group (VGR), the fourth largest tobacco company in the United States, after a tender offer initiated in August. Vector Group is a holding company for Liggett Group LLC, Vector Tobacco LLC and New Valley LLC. Founded in 1873, Liggett Group is the operating successor to Liggett […]
USA: Flora Food Group acquires facility in Kansas
Global food manufacturer Flora Food Group (formerly Upfield) has announced the acquisition of a factory in Hugoton, in the US state of Kansas In a press release, the company said the facility would become a hub for the group’s cream and cream cheese products in the US and Canada and the rest of Americas, whilst […]