USA: United Sports Brands to acquire Glukos Energy
Sporting goods firm United Sports Brands has announced the acquisition of Glukos Energy, a manufacturer of energy supplements. Glukos Energy provides the “ultimate source of natural energy” for athletes, offering a range of high-glucose such as drinks, gels, and chewable tablets, reportedly allowing its consumers to achieve high levels of performance. Michael Magerman, president and CEO […]
USA: Kellogg to invest $43 million in MorningStar Farms facility
Leading US cereal and snacks firm Kellogg has announced plans to invest US$43 million in its MorningStar Farms manufacturing facility in Ohio, USA Founded in 1974, MorningStar Farms is a producer of “better-for-you and better-for-the-planet” plant-based foods such as burgers, nuggets, and hot dogs. Last year, the company launched an imitation meat line called Incogmeato. […]
USA: Diageo to acquire Aviation American Gin owner Davos Brands
Diageo, the leading alcoholic drinks firm, has announced the acquisition of gin brand Aviation American Gin, and its owner Davos Brands, for $610 million. The acquisition also add brands such as Astral tequila, Sombra mezcal, and TYKU sake to the Diageo portfolio. The acquisition supports the participation of Diageo in the super premium gin sector in […]
USA: Plumrose to build $200 million facility for Italian meat and charcuterie
Branded packaged meat company Plumrose, a subsidiary of JBS, has announced plans to invest $200 million to build a state-of-the-art Italian meat and charcuterie facility. Although the location of the new factory is yet to be revealed, it will reportedly be strategically located to efficiently access raw material and leverage synergies with existing corporate assets. […]
USA: 7-Eleven to acquire convenience store chain Speedway for $21 billion
US retailer 7-Eleven has announced the acquisition of 3,900 Speedway stores from Marathon Petroleum Corp for $21 billion. Located in 35 states across the US, Speedway is one of the biggest convenience and petrol station retailers in the country, with approximately 40,000 employees. With the acquisition, 7-Eleven will increase its store network to 14,000 across […]
US: Edgewell to Acquire Cremo company for US$235 million
Cosmetic giant Edgewell has announced the acquisition of Cremo, a Men’s grooming company for US$235 million. Founded in 2005, Cremo is one the fastest growing men’s grooming brands in the U.S., offering a full range of care products for the beard, skin, hair, and body. The transaction is part of the Edgewell strategy to acquire […]
USA: TruFood to acquire Simply Natural Foods
Snack food manufacturer TruFood has announced the acquisition of Simply Natural Foods for an undisclosed sum. With 200 employees, Simply Natural Foods is a producer of nutrition and better-for-you products, such as chocolate, nutritional bars, and peanut butter cups. Pete Tsudis, CEO of TruFood, said: “The combination of TruFood and Simply Natural Foods allows us […]
USA: Beverage USA Holdings to acquire beverage company Nerd
Beverage USA Holdings has announced the acquisition of Nerd, a Texas-based mental acuity beverage company for an undisclosed sum. Founded in 2006, Nerd is a beverage producer focus on concentration, memory and energy drinks, made with nootropics and performance-boosting nutrients such as lpha-GPC, Huperzine-A, GABA, DMAE, and Ginkgo Biloba, to help mental acuity. Howard Davner, […]
USA: Quintessential to acquire Accolade Wine’ brand portfolio
Family-owned wine importer Quintessential has announced the acquisition of US-produced wine portfolio of Accolade Wines for an undisclosed sum. With this deal, Quintessential will acquire the production, global sales, and marketing of four wine brands: Geyser Peak, Atlas Peak, Outlot and, XYZin. According to sources, this sale follows Accolade Wines’ strategy of “focus on building […]
Canada: Maple Leaf Food to sell Quebec plant to Giannone Poultry
Canadian meat firm Maple Leaf Food has announced the sale of its poultry plant in Drummondville, Quebec to Giannone Poultry. Founded in 1989, Giannone Poultry is a family business specialising in poultry slaughtering and cutting. The company’s products are distributed in Canada and the United States. According to sources, Maple Leaf Food will continue to […]