USA: Morinaga Nutritional Foods to buy Tofurky and Moocho
Morinaga Nutritional Foods, a US-based manufacturer of soya and dairy products, has announced the acquisition of the Tofurky and Moocho plant-based brands in the US. In a statement, Morinaga Nutritional Foods said it would use the acquisition to strengthen its presence in the plant-based sector and boost new product development. Founded in 1980, Tofurky is […]
USA: CVS Pharmacy launches own brand line of “self-care staples”
CVS Pharmacy, the US personal care and drugstore chain, has announced the launch of over 200 own brand “self care staples” under the One+other brand. The company’s goal was to “democratize access to personal care products so that everyone can practice self-care in their own unique way at an accessible price point”, the company said […]
USA: Milo’s expands production to South Carolina
Milo’s, an Alabama-based firm that manufactures, distributes, markets and sells ice teas and lemonades throughout the USA, has announced plans to build its fourth manufacturing plant in Spartanburg County, SC. The company said the expansion was a direct response to the growth of the Milo’s brand, which it claimed was the number one refrigerated tea and fastest growing lemonade […]
USA: Danone exploring potential sale of organic dairy brands
Danone, the French consumer goods giant, has announced it is exploring strategic options, including a potential sale, for its organic dairy activity in the US, comprising the Horizon Organic and Wallaby businesses. “This announcement is an additional step in the portfolio review and asset rotation program the company announced in March 2022, as part of the Renew […]
Canada: Bimbo to invest in tortilla production line
Bakery firm Bimbo has announced it plans to invest C$15 million ($11.2 million) in a new tortilla production line in Hamilton, in Canada’s Ontario province. According to an article in Canadian Grocer, the company made the decision to invest in the new line in order to meet growing market demand in Western Canada. Bimbo’s investment […]
USA: P&G acquires haircare brand Mielle Organics
Procter & Gamble (P&G), the global personal and homecare firm, has announced the acquisition of Mielle Organics, a US haircare brand that particularly serves women in the Black community. Founded in 2014, Mielle Organics has become a leading brand for consumers with textured hair through innovative, technology-driven products, natural ingredients, and inspirational and educational content, […]
USA: Sovos Brands to complete the sale of Birch Benders
US-based consumer-packaged food company Sovos Brands has announced that it has completed the divestiture of the pancake & waffle mix brand Birch Benders and related assets to Hometown Food Company. Sovos Brands offers a portfolio of pasta sauces, dry pasta, soups, frozen entrees, frozen pizza and yoghurts, sold under the brand names Rao’s, Michael Angelo’s […]
USA: Silver Bay Seafoods to acquire Orca Bay Foods
Fishermen owned company Silver Bay Seafoods has announced the acquisition of food processing company Orca Bay Foods. Both companies formed a joint venture over the past few years where Silver Bay was the supplier of seafood and Orla Bay was processing, selling, and marketing the products. “Orca Bay is excited to join Silver Bay Seafoods […]
USA: Benson Hill to sell Fresh business to IMG Enterprises
Food tech company Benson Hill has announced the sales of the assets related to its Fresh business in a two-part transaction to IMG Enterprises for a price of US $21 million. The divestiture will enable the company to focus on its ingredients business and meet the growing demand for its soybean product portfolio. “We believe […]
USA: Mars to acquire fruit snack brand Tru Fru
Global leader in confectionery, snacking, food, and pet care products and services Mars, Incorporated, has acquired whole-fruit snack brand Tru Fru. Founded in 2017, Tru Fru is a innovate, better-for-you, high-quality snack made from real fruit, coated in premium chocolate and available in both frozen and shelf-stable. “We are thrilled to welcome one of the […]