USA: Campbell Soup acquires Sovos Brands
Campbell Soup, the US foods manufacturer, has announced the acquisition of Sovos Brands, a fellow packaged food company, in a deal worth around $2.7 billion. Sovos Brands offers a variety of # products including pasta sauces, dry pasta, soups, frozen meals, frozen pizza, and yohgurts under the brand names Rao’s, Michael Angelo’s and noosa. The […]
Canada: Lactalis Canada to acquire dessert manufacturer Marie Morin
Lactalis Canada, a subsidiary of French dairy giant Lactalis, has announced the acquisition of dessert manufacturer Marie Morin Canada for an undisclosed sum. With the transaction, Lactalis Canada will enter the dessert category in the Canadian and US markets. The acquisition includes a production facility of premium desserts in Saint-Bruno-de-Montarville, Québec and 52 employees who […]
USA: LiveKindly Collective to acquire plant-based company Alpha Foods
Plant-based company Livekindly Collective (LKC) has announced the acquisition of Alpha Foods a company specialized in frozen plant-based meals. The acquisition will allow LKC to increase its footprint in the US market. Alpha Foods is a California-based manufacturer of frozen plant-based meals such us burritos, breakfast sandwiches, chicken nuggets, patties, chicken strips, and wraps, among […]
USA: Seviroli Foods acquires pastamaker Mama Rosie’s
Seviroli Foods, a US food processor owned by Mill Point Capital, has announced the acquisition of Mama Rosie’s, a family-owned manufacturer of frozen pasta products, in order to broaden its portfolio, scale up the business and diversify its customer base. Mama Rosie’s supplies customers in the northeastern US with speciality filled and non-filled frozen pasta, […]
USA: Brynwood Partners acquires Marie’s and Dean’s Dip brands
Private equity firm Brynwood Partners has announced the acquisition of the Marie’s and Dean’s Dip brands from Ventura Foods via its newly-formed portfolio company West Madison Foods. Marie’s is a brand of salad dressings, dips and spreads, and is said to have a strong position in the refrigerated salad dressing space. Dean’s Dip is described […]
USA: Theo Chocolate to merge with American Licorice Co
Theo Chocolate, a US chocolate maker, has announced it is planning to merge with confectionery firm American Licorice Co in order to restructure its operations, which will result in the closure of its Seattle factory and a reduction in staff headcount. In its 18 years of operation, Theo Chocolate said it had transformed from a […]
USA: Kraft Heinz to build $400 million distribution centre
US food giant Kraft Heinz has announced plans to invest $400 million to build one of the largest automated consumer goods distribution centres in North America. The company stated that the 775,000 sq ft facility in DeKalb (IL) will feature national railway access and a “24/7 automated storage and retrieval system. Commenting on the investment, […]
USA: Mars acquires Kevin’s Natural Foods
Mars, the leading food multinational, has signed an agreement to acquire Kevin’s Natural Foods, a manufacturer of sous-vide meals, sides and sauces, to bolster its Mars Food & Nutrition segment. Kevin’s Natural Foods is described as a maker of chef-inspired meals using whole foods and simple ingredients. The product ranges are described as being free […]
USA: Monster to acquire Bang Energy
Monster, the leading US energy drinks company, has announced it has reached an agreement to acquire Vital Pharmaceuticals, owner of the Bang Energy brand, after the latter declared bankruptcy. In a statement, Monster said it would acquire Bang Energy’s performance beverages and related Bang Energy businesses through the purchase of substantially all of Bang Energy’s […]
USA: Walgreens Boots Alliance to close 450 branches across UK and US
Walgreens Boots Alliance (WBA), a global leader in retail pharmacy, has announced the closure of 300 Boots stores in the UK and a further 150 Walgreens branches in the US, according to BBC and Financial Times reports. Speaking in a conference call to announce its financial results for the third quarter of fiscal 2023, the […]