USA: Jimmy’s Cookies acquires Ecce Panis from Campbell Soup
US-based manufacturer of branded and private label biscuits Jimmy’s Cookies has entered into an agreement to acquire artisan bread brand Ecce Panis from Campbell Soup. The acquisition includes Ecce Panis’ bakery facility, which will double Jimmy’s Cookies’ manufacturing capacity for its gourmet biscuit business. “The addition of the Ecce Panis brand is consistent with our […]
USA: Mondelez to acquire snacking company Hu Master Holding
Snack and confectionery multinational Mondelez has announced the acquisition of Hu Master Holding, a US-based snack company. In 2019, Mondelez made a minority investment in Hu through its SnackFutures division. Hu is a family business founded in 2012 that has become a category leader in premium chocolate bars with a portfolio of products that includes snacking […]
USA: Zevia secures $200 million investment
Global institutional investor Caisse de Depot et Placement du Quebec (CDPQ) has invested $200 million in the US beverage producer Zevia. Zevia is headquartered in Los Angeles and produces zero-calorie, stevia-sweetened soft drinks, organic teas, and mixers that are distributed in the US and Canada. Zevia CEO Paddy Spence commented: “Zevia is focused on making […]
Canada: Lactalis Canada buys Ultima Foods
Lactalis Canada, a subsidiary of French dairy giant Lactalis, has announced the acquisition of yoghurt and fresh dairy firm Ultima Foods from Agropur Group. According to the company, the transaction includes all shares in Ultima Foods, and the Iogo, Iogo Nano, and Olympic brands as well as yoghurt production facilities in several locations. With the […]
USA: Whole Earth Brands to buy Wholesome Sweeteners
Plant-based food firm Whole Earth Brands has entered into an agreement to acquire Wholesome Sweeteners for an initial price of $180 million. Founded in 2001, Wholesome Sweeteners produces plant-based and fair-trade certified sweeteners, including sugar, honey, agave nectar, allulose, and other liquids and sweetener products, holding a 76% share in the organic granulated sugar segment […]
USA: Norwest Equity Partners acquires Red Monkey Foods
Investment firm Norwest Equity Partners has acquired Red Monkey Foods from San Francisco Equity Partners. Red Monkey Foods is a manufacturer of organic, private label spices and seasonings, as well as the branded salts San Francisco Salt Company and Epsoak, and operates three facilities. Commenting on the deal, NEP Partner Sundip Murthy said: “Red Monkey […]
USA: Pretzels Inc to expand with new facility
US pretzels and extruded snacks company Pretzels Inc has announced the construction of a “state-of-the-art” production facility in Kansas. The new 150,000 sq ft facility, which is expected to be operational in late 2021, is intended to increase the production of flavoured and stuffed pretzels for private label and national brands and create a significant number of […]
USA: Ocean Spray to partner with Amai Proteins to develop new drink
US agricultural cooperative Ocean Spray has announced a partnership with ingredients firm Amai Proteins to develop protein-sweetened reduced sugar cranberry juice. Founded in 1930, Ocean Spray is an agricultural cooperative owned by more than 700 cranberry farmers in the United States, Canada, and Chile. “We will continue to develop options that showcase the incredible health benefits […]
USA: Online grocery platform Instacart to partner with Meijer
Online grocery platform Instacart has announced a partnership with supermarket retailer Meijer to deliver groceries to customers across the US. Founded in 1934, Meijer is a family-owned chain with stores throughout the Midwest. In 1962, Meijer was the first retailer to launch the “supermarket” or “superstore” in the US. Nilam Ganenthiran, president of Instacart said: […]
USA: JM Smucker to sell pet food business Natural Balance
US food and beverages manufacturer JM Smucker has entered into an agreement to sell its pet food business Natural Balance to Nexus Capital Management for $50 million. The transaction is said to be part of the company’s plan to focus on its core pet care portfolio, which includes brands such as Rachael Ray Nutrish, Milk-Bone, and […]