USA: Diageo acquires 100% of Ritual Zero Proof
Diageo, the leading alcoholic drinks firm, has announced the acquisition of spirit alternative business Ritual Zero Proof to strengthen its non-alcoholic spirits portfolio. Launched in 2019, Ritual Zero Proof is a non-alcoholic spirit brand offering alternatives to whiskey, tequila, gin, rum, and aperitifs. Diageo acquired a minority stake in Ritual Zero Proof via its accelerator […]
USA: Danone proposes full acquisition of Lifeway Foods
FMCG giant Danone has made a non-binding offer to acquire Lifeway Foods, a manufacturer of kefir and probiotic products, for $283 million ($25 per share). Lifeway Foods is a leading provider of kefir drinks and desserts, with distribution in the United States, Mexico, Ireland, South Africa and France. Danone, which already holds 23.4% of Lifeway’s […]
USA: CK Snacks acquires Axium Foods
CK Snacks, a manufacturer of own brand savoury snack foods, has announced the acquisition of its domestic peer Axium Foods. Founded in 1960, Axium Foods specialises in producing tortilla chips, corn chips, extruded snacks, and pellet snacks for private label brands. Commenting on the move, CK Snacks CEO Jamie Colbourne said: “We are thrilled to […]
USA: General Mills to sell North American yoghurt business to Lactalis and Sodiaal
US food giant General Mills has entered into an agreement to sell its North American yoghurt business to leading French dairy companies Lactalis and Sodiaal for $2.1 billion. Lactalis will acquire the US division, while Sodiaal will acquire the Canadian division. The deal includes brands such as Yoplait, Liberte, Go-Gurt, Oui, Mountain High and Ratio, […]
USA: Unilever invests in supplements business Create Wellness
Unilever Ventures, the venture capital arm of consumer goods giant Unilever, has led a $5 million funding round in US-based creatine supplement firm Create Wellness. Founded in 2022, Create Wellness makes supplement gummies that are claimed to improve strength and cognition and facilitate muscle recovery. The company reportedly plans to use the funding to increase […]
USA: Cal-Maine Foods announces joint venture with Crepini
US egg producer Cal-Maine Foods has announced it has made a strategic investment in Crepini, establishing a new egg and prepared foods joint venture. Crepini produces egg wraps, protein pancakes, crepes and wraps that are retailed in over 3,500 stores in the US and Mexico. Cal-Maine Foods will capitalize Crepini with approximately $6.75 million in […]
USA: Amazon launches budget private label brand
E-commerce giant Amazon has announced the launch of Amazon Saver, a new private label range of budget groceries for its US consumers. Amazon said it had already begun rolling out the new brand line, which includes items such as crackers, biscuits, canned fruit and condiments each priced at under $5, and planned to add more […]
USA: Hain Celestial sells ParmCrisps brand to Our Home
Hain Celestial, the natural foods firm, has announced that it has completed the sale of its ParmCrisps brand to Our Home, a US-based snack company. Founded in 2017, ParmCrisps is known for its high-protein, low-carbohydrate cheese crisps and snack mixes. Commenting on the move, Hain Celestial group president and CEO Wendy Davidson said: “By divesting […]
USA: Campbell Soup sells Pop Secret business to Our Home
Campbell Soup, a US producer of canned soups and other foods, has announced that it has sold its Pop Secret popcorn business to Our Home, a US-based snack company. The existing Our Home portfolio includes brands such as Food Should Taste Good, Popchips, Real Food From The Ground Up, You Need Yhis, RW Garcia, Good […]
USA: Mount Franklin Foods acquires Stuffed Puffs
Mount Franklin Foods, a leading manufacturer of branded, contract and private label confectionery, nuts and foodservice products, has announced the acquisition of Pennsylvania-based Stuffed Puffs, a maker of filled marshmallows, for an undisclosed amount. Founded in 2019, Stuffed Puffs is known for a proprietary technology that allows it to create marshmallows filled with milk chocolate […]