USA: 1776 Spirits Company acquires American Harvest Vodka and Beach Whiskey
Darco Capital, via the newly-formed 1776 Spirits Company, has announced it has acquired the spirit brands American Harvest Vodka and Beach Whiskey. The new company said it intended to provide the infrastructure and resources to market the brands, distribute and expand distribution, and develop innovative products. Rebecca Running, CEO of 1776 Spiritsm said: “American Harvest Vodka […]
USA: Total Produce and Dole agree merger
Dole Food Company, a North American manufacturer, marketer, and distributor of fruit and snacks, and Irish Total Produce, a fresh produce firm, have entered into a binding transaction agreement to combine under common ownership. The transaction aims to simplify the existing structure between the two companies by enabling operational integration and allowing synergies across the […]
USA: Hormel Foods to acquire Planters brand
Global branded food company Hormel Foods has announced the acquisition of the Planters brand from Kraft Heinz for $3.35 billion. The acquisition includes the Planters, NUT-rition, Planters Cheez Balls and Corn Nuts brands, and three production sites. In 2020, Planters snack portfolio net sales were approximately $1 billion, and are expected to grow at Hormel’s […]
USA: Chickapea to launch +Greens “veggie-packed” pasta line
Natural food company Chickapea has announced the launch of +Greens, described as a new “veggioe packed” organic pasta line with 24g of plant-based protein per serving. According to the company, +Greens is an organic, gluten free pasta made with chickpeas, lentils, kale, and spinach, available in the varieties penne, spaghetti and spirals. Each serving is […]
USA: Flagship Food Group to invest in La Tortilla Factory
Flagship Food Group, a food company majority-owned by CREO Capital Partners which manufactures, sells, and distributes a wide portfolio of brands, has invested in Mexican food firm La Tortilla Factory, becoming the majority stakeholder of the company. The investment is intended to support La Tortilla Factory’s future growth strategy. La Tortilla Factory is a family-owned manufacturer […]
Canada: Hero Group acquires Baby Gourmet
Swiss-based food company Hero has announced the acquisition of Canadian organic baby food firm Baby Gourmet. According to a company press release, the purchase is part of a strategy to increase the company’s baby food category footprint. “We are extremely pleased to have positively concluded the acquisition of Baby Gourmet and to have found a strategic […]
USA: Coca-Cola to sell Zico coconut water to original founder
Global soft drinks company Coca-Cola Company has sold the Zico coconut water brand back to its original owner, through the equity firm PowerPlant Ventures, after eight years. Mark Rampolla, creator of the Zico brand and co-founder of PowerPlant Ventures, said: “I respect the decision of Coca-Cola to focus on other elements of their beverage business. […]
USA: Maple Leaf Foods to expand plant-based production
Maple Leaf Foods has announced that its subsidiary Greenleaf Foods, a leader in plant protein products, has acquired a food processing plant in Indianapolis, USA, in order to increase production capacity for tempeh. According to Maple Leaf Foods, growing demand for Greenleaf Foods’ Lightlife tempeh products was the driving force behind the acquisition of the 118,000 sq […]
USA: Utz Brands to acquire Vitner’s snack brand
Savoury snacks US firm Utz Brands has announced that its subsidiary Utz Quality Foods has reached an agreement to acquire the Vitner’s snacks brand and distribution assets from Snak-King Corp for $25 million. The sale includes intellectual property such as the brand trademark and direct-store-delivery (DSD) distribution assets related to the brand’s products. “This transaction is […]
USA: Ben & Jerry’s launches Doggie Desserts
Ice cream maker Ben & Jerry’s, a subsidiary of FMCG multinational Unilever, has entered into the pet food market with Doggie Desserts, a new line of frozen dog treats. The range is said to use the same ingredients a the company’s regular non-dairy desserts such as pea protein, coconut oil, and wheat flour, with a […]