USA: Utz Quality Foods announces Kitchen Cooked acquisition
Utz Quality Foods (Utz), the US snack firm, has announced it has acquired Illinois-based crisp maker Kitchen Cooked for an undisclosed sum. Headquartered in Farmington, IL, Kitchen Cooked is described as a leading manufacturer and distributor of snack foods serving central Illinois and eastern Iowa. Starting in the 1930s by manufacturing crisps, Kitchen Cooked has […]
USA: Nuova Castelli to close cheese plant
Nuova Castelli, the Italian cheese maker soon to be owned by Lactalis, is closing its lone manufacturing facility in the USA, according to a Just Food report. Closure of the facility, which is located in Blockville, NY, could lead to up to 67 job losses, US media outlets say. The company has only been operating […]
USA: Froneri to acquire Nestle USA’s ice cream division
Froneri, the UK-based ice cream firm, has announced it is expanding into North America with the acquisition of the Nestle USA ice cream business for $4 billion. The deal would move Froneri “towards global leadership” in the ice cream category, the company said. The Nestle US ice cream brand portfolio includes Dreyer’s, Haagen-Daaz, Outshine, Skinny […]
USA: Kroger sells stake in Lucky’s Market
Kroger, the leading US grocery retailer, has announced it has divested its stake in Lucky’s Market, a Colorado-based chain of food stores specializing in organic products. The disposal comes less than four years after the two firms announced a “strategic partnership”, with Kroger making a “meaningful investment” that was designed to increase Lucky’s Market’s store […]
USA: PepsiCo agrees deal to acquire PopCorners brand
PepsiCo, the leading food and drinks multinational, has announced it has entered a definitive agreement to acquire BFY Brands, the makers of the PopCorners snack line, for an undisclosed sum. The firm said the addition of BFY Brands would expand Frito-Lay’s snacking portfolio and “further deliver on its Winning with Purpose vision to offer consumers more […]
Canada: Hostess Brands to acquire Voortman Cookies
Hostess Brands, the US bakery firm, has announced it has acquired Voortman Cookies, a “rapidly growing” manufacturer of wafers, sugar-free and specialty biscuits, from Swander Pace Capital for approximately $320 million. Founded in 1951 and headquartered in Burlington, Canada, Voortman Cookies is described as the number one player in creme wafers and sugar free cookies, with distribution […]
USA: Bumble Bee Foods files for bankruptcy, strikes asset sale deal
Bumble Bee Foods, the US manufacturer of preserved fish and chicken products, has filed for bankruptcy and agreed a deal to sell its assets to Taiwanese seafood processor FCF, according to a Food Business News report. FCF will pay reportedly $925 million for Bumble Bee Foods’ assets. The declaration of bankruptcy will facilitate the sale […]
USA: Lion Australia acquires New Belgium Brewing
Lion Australia, the Kirin-owned drinks firm, has announced it has stepped up its presence in craft beer with the acquisition of independent US-based beermaker New Belgium Brewing, via its Lion Little World Beverages division. Established in 1991, New Belgium Brewing is said to have grown to become a leading craft brewer, marketing brands such as […]
USA: Coty takes majority stake in Kylie Cosmetics
Coty, the global fragrance and cosmetics firm, has announced it has taken a 51% stake in Kylie Cosmetics, the beauty brand owned by media personality Kylie Jenner, for $600 million. Kylie Cosmetics offers a range of lip, eye and face make-up, and generates around $177 million in annual turnover. Coty said the strategic partnership would allow […]
USA: Chobani expands dairy-free offering with oat-based range
Chobani, the second-largest yoghurt maker in the US, has announced the launch of a new oat-based range as it expands its offering in the non-dairy space. Called simply Chobani Oat, the new line will include oat-based yoghurt, due for launch next month, and oat-based milks due for launch in January next year. It is also launching […]