USA: HumanCo to acquire Against the Grain
Private holding company HumanCo has acquired a majority stake in grain-free foods maker Against the Grain, according to a Food Business News report. HumanCo has a portfolio of plant-based and natural products such as Coconut Bliss ice cream, and Monty’s vegan cheese and speads Against the Grain is specialised in grain and gluten-free frozen pizzas, bread, […]
USA: Ardian acquires majority stake in Florida Food Products
Private investment house Ardian has announced the acquisition of a majority stake in Florida Food Products (FFP) from MidOcean Partners for an enterprise value in excess of $1 billion. Founded in 1954, Florida Food Products is a producer of vegetable and “fruit-based” clean label ingredients. The firm is described as the largest provider of clean […]
USA: BelGioioso to acquire cheese maker Polly-O
BelGioioso, a US-based manufacturer of Italian cheeses, has entered into an agreement to acquire Polly-O from Kraft Heinz and Lactalis, according to a Deli Market News report. The acquisition of Polly-O, an Italian cheese brand, will expand BelGioioso’s portfolio and add to its existing Casaro brand range. Founded in 1899, Polly-O is known for its ricotta, mozzarella and string […]
USA: Full Sail IP Partners to acquire Odwalla brand
Full Sail IP Partners has announced the acquisition of juice and smoothie brand Odwalla from Coca-Cola for an undisclosed sum, according to a Reuters report Founded in 1980, Odwalla is a producer of plant-based fruit juices, smoothies, and energy bars. According to sources, Full Sail IP Partners plans to expand the Odwalla brand beyond the […]
USA: Altria to sell Ste. Michelle Wine Estates Business
Multinational tobacco firm Altria Group has announced that its subsidiary, UST LLC, has entered into a definitive agreement to sell its Ste. Michelle Wine Estates to Sycamore Partners Management private equity firm for a price of approximately $1.2 billion. Ste. Michelle Wine Estates is the largest winery in the Pacific Northwest and among the largest […]
USA: Emmi Roth acquires cheese brand Athenos
Emmi Roth, a subsidiary of Switzerland-based Emmi Group, has announced the acquisition of Athenos, a Mediterranean-style food brand, from Lactalis Group. Athenos, known as a leading feta cheese brand in the US, will complement Emmi Roth’s offering, strengthen its position in the US cheese business, and create additional export opportunities for Swiss cheeses the company […]
USA: Saputo to strengthen dairy division with Carolina Aseptic and Carolina Dairy deals
Saputo, the Canadian dairy giant, has announced the acquisition of the Carolina Aseptic and Carolina Dairy businesses from AmeriQual Group for $118 million in a bid to strengthen its presence in the US market. The two new acquisitions will help Saputo to quickly tap into growing demand for aseptic protein beverages and nutritional snacks, the company […]
USA: B&G Foods to sell facility in Portland
B&G Foods, a manufacturer of branded shelf stable and frozen products, has announced the sale of its Portland facility to the Institute for Digital Engineering and Life Sciences. The move to sell the 13.5-acre waterfront property is part of B&G Foods’ plans to improve productivity and reduce overall costs, the company said. “The Portland community […]
USA: Tyson Foods to build new facility in Virginia
Tyson Foods, one of the world’s largest meat firms, has announced an investment of $300 million to construct a new plant in Virginia. According to a company statement, the project is part of Tyson Foods’ commitment to meet increasing demand and deliver on its strategy of accelerating long-term growth. The 325,000 sq ft facility, which is expected to be […]
USA: Surati Sweet Mart to open first facility
Canada-based Indian snack food manufacturer Surati Sweet Mart has established its first manufacturing and distributing site for specialty snacks and baked foods in the US. Surati has announced it is spending $16 million on the new 240,000-square-foot facility and expects to generate over 100 new jobs. “Our location in Springfield would be our first manufacturing […]