USA: Panos acquires Tessemae’s salad dressing brand
Panos, a producer of branded consumer foods, has announced the acquisition of Tessemae’s, a specialist in refrigerated and shelf-stable organic salad dressings, for $4.5 million. The acquisition follows Tessemae’s decision to file for voluntary Chapter 11 bankruptcy protection to restructure its debts. Founded in 2009, Tessemae’s grew rapidly to secure distribution in national grocers, retailers […]
USA: Utz Brands sells brands, facilities to Our Home
Utz Brands, the US snacks company, has announced it is selling a number of brands and facilities to Our Home, an operating company of “better-for-you” brands, for a cash consideration of $182.5 million. Under the agreement, affiliates of Our Home have agreed to purchase the Good Health and RW Garcia brands, the Lincolnton (NC) and Lititz […]
USA: Tyson Foods opens new bacon facility in Kentucky
Tyson Foods, the leading US meat firm, has announced the opening of a $355 million facility in Bowling Green, KY to support the expansion of its bacon production capabilities. The 400,000 sq ft factory is expected to manufacture 2 million pounds of Jimmy Dean and Wright Brand bacon products for retail and food service every week. […]
Canada: Prime Drink Group to acquire Triani
Prime Drink Group, a Quebec-based drinks company, has announced it has entered into an agreement to acquire Triani, a manufacturer and distributor of alcoholic and non-alcoholic beverages, for C$38 million ($30.1 million). Founded in 2015, Triani is known for the Cantini, Ettaro and Enjoy wine brands. It also produces and markets Octane, Mojo, Baron, and […]
USA: Fengate Private Equity acquires Saco Foods
Fengate Private Equity, a division of investment fund Fengate Asset Management, has announced the acquisition of Saco Foods, a US manufacturer of shelf-stable products for an undisclosed sum. Founded in 1973, the company had been owned by Benford Capital Partners since 2016, during which time it underwent a process of recapitalization. Saco Foods is described […]
USA: Bimbo to close New Mexico plant
Bimbo, the Mexican bakery giant, has announced plans to close its baking plant in Albuquerque, New Mexico by April. Launched in 1945 in Mexico City, Bimbo is a leading player in the US bakery market, operating 59 plants, employing approximately 20,000 associates and running over 700 sales centers. Its brands include Thomas, Sara Lee, Arnold, […]
USA: MPearlRock acquires Nutpods brand
MPearlRock, a partnership between Kroger’s venture capital arm PearlRock Partners and MidOcean Partners, a private equity firm, has announced the acquisition of Nutpods, a plant-based creamer brand, for an undisclosed sum. Founded in 2013, Nutpods is described as the leading manufacturer and marketer of plant-based creamers in the US, with a presence in more than […]
USA: Sprecher Brewing acquires energy drink brand Juvee
Sprecher Brewing, a brewer with German heritage situated in Glendale (WI), has announced the acquisition of energy drink brand Juvee from global gaming and lifestyle firm 100 Thieves to increase its footprint in non-alcoholic drinks. Launched in 2022, Juvee energy drinks are claimed to boost energy, elevate mood, increase focus and improve overall well-being. Commenting […]
USA: Molson Coors targets “Dry January” with beer-flavour mints
North American brewing major Molson Coors has launched a limited-edition confectionery product that targets consumers cutting back on alcohol as part of the “Dry January” initiative. Launched under the Miller Lite brand, the company’s beer-flavoured mints went on sale in its online shop from 12th January 2024, packaged in a 32 g tin priced at […]
USA: Mars investing in new factory for Nature’s Bakery snack bar brand
Mars, the global confectionery giant, has announced it is establishing a 339,000 sq ft baking facility for the Nature’s Bakery snack bar brand in Salt Lake City (UT) via a $237 million investment. Founded in 2011 and headquartered in Reno, Nevada, Nature’s Bakery has reportedly become the US’s eighth best-selling and fastest-growing granola and snack bar brand. […]