USA: Unilever to sell Elida Beauty business
Unilever, the multinational consumer goods giant, has announced it has received a binding offer from Yellow Wood Partners, a Boston-based private equity firm, to acquire Elida Beauty for an undisclosed amount. Elida Beauty has a portfolio of 20 beauty and personal care brands including Q-tips, Impulse, Caress, Tigi, Timotei, Monsavon, Brut, Moussel, Alberto Balsam, and […]
USA: Post Holdings to close Ohio cereal plant
Breakfast cereal maker Post Holdings has announced plans to close a manufacturing facility located in Lancaster, in the US state of Ohio to reduce capacity in its manufacturing network. The Lancaster plant was acquired by Post Holdings in June 2021 as part of the company’s wider acquisition of TreeHouse Foods’ breakfast cereal business. The decision […]
Canada: Lagoon Seafood to complete construction of facility
Lagoon Seafood, a fresh and frozen seafood company, has completed the construction of its 63,000 square feet state-of-the-art facility in Granby, Quebec. The new production and packaging facility elevates the company’s operations, supporting the production of Blue Tide branded and private-label products. Commenting on the news, Lagoon Seafood business resource manager Michael Cheaib said: “The […]
USA: Nissin Foods to build $228 million manufacturing facility in South Carolina
Nissin Foods, an instant noodle manufacturer, has announced an investment of $228 million to develop a third U.S. manufacturing facility in Greenville County, South Carolina. The 640,000 sq ft facility will produce a range of products from the Nissin Foods lineup, including Top Ramen, Cup Noodles, and Hot & Spicy Fire Wok, with the ability […]
USA: B&G Foods sells Green Giant canned vegetable portfolio to Seneca Foods
B&G Foods, the US-based ambient and frozen foods firm, has announced that it has sold its Green Giant US shelf-stable vegetable product line to peer Seneca Foods for an undisclosed sum. The divestment will see B&G Foods retain ownership of Green Giant trademarks, and license the brand name to Seneca Foods for shelf-stable products. The […]
USA: Treasury Wine Estates to acquire DAOU Vineyards for $900 million
Treasury Wine Estates (TWE), the Australian wine giant, has reached an agreement to acquire DAOU Vineyards, a US luxury wine brand, for $900 million. The acquisition includes the DAOU brand, DAOU Mountain Estate, four boutique luxury wineries and around 400 acres of vineyards. Commenting on the acquisition, Treasury Americas president Ben Dollard said: “We’re really […]
USA: Keurig Dr Pepper to invest $100 million in coffee plant expansion
Keurig Dr Pepper, the soft drinks and coffee firm, has announced plans to invest $100 million to expand its coffee roasting facility in Spartanburg County, South Carolina, generating more than 250 new jobs by 2027. The facility, which was opened two years ago with an initial $380 million investment, is focused on roasting and packaging […]
USA: Ferrara to acquire Jelly Belly
Ferrara, the leading US sugar confectionery firm, has announced it has signed an agreement to acquire peer Jelly Belly through its holding company CTH for an undisclosed amount. Jelly Belly is a family-run company renowned for its specialty retail confections, including jelly bean brands such as BeanBoozled® and Sport Beans®. The acquisition includes Jelly Belly’s […]
USA: JM Smucker to sell fermented food brands
JM Smucker, the US-based food and beverage company, has announced that it has come to an agreement to sell its Bick’s pickles, Habitant pickled beets, Woodman’s horseradish, and McLarens pickled onions brands to private label specialist TreeHouse Foods. The brands included in the transaction generated net sales of approximately $60 million for JM Smucker’s fiscal […]
USA: Ruiz Foods to expand facility in Vernon
Ruiz Foods, a Mexican food firm, has announced the acquisition of two facilities in Vernon, CA to expand its overall manufacturing space by approximately 150,000 sq ft. Ruiz Foods subsidiary RG1 Holding Co acquired both of the buildings in October 2022. The expansion is intended boost the company’s manufacturing capacity on the US west coast. […]