USA: Dean Foods files for bankruptcy
Dean Foods, the troubled US dairy firm, has announced it has filed for bankruptcy protection amid financial difficulties. The firm, which is the US’s leading milk processor, said it and most of its subsidiaries had initiated voluntary Chapter 11 reorganization proceedings, adding that it intended to use the process to support its ongoing business operations and address […]
Canada: McCain increases capacity for speciality potato
McCain, the leading potato processor, has announced it is investing C$80 million ($60 million) to increase capacity for formed potato specialities in Canada, to meet growing demand from retail and foodservice customers. The firm said the creation of the new high-speed formed potato speciality line at its Grand Falls plant in New Brunswick would strengthen […]
USA: Riviana Foods expands Tennessee rice plant
Riviana Foods, a leading US rice and pasta firm, has announced it has expanded its production capacity for microwaveable rice products under the Minute rice brand via a $27 million investment. The firm, which claims to be the largest processor, marketer and distributor of branded and private label rice products in the US, said the investment […]
USA: Bang Energy inaugurates new production site
Bang Energy, a US manufacturer of energy drinks and sports nutrition products, has announced it has spent $52 million to acquire a new 400,000 sq ft manufacturing and distribution facility in Phoenix, AZ in order to expand capacity. The new factory will manufacture products for a range of brands in the Bang Energy portfolio, including Stoked, Bang Keto […]
Canada: Lassonde to acquire fruit snack firm Sun-Rype
Lassonde, the Canadian agri-food firm, has announced it has entered into an agreement to acquire Sun-Rype, a fruit-based snack and drinks maker, for a cash consideration of approximately C$80 million ($61 million). Founded in 1946, Sun-Rype produces juices and fruit snacks in Kelowna, BC, and also operates facilities in Selah and Wapato in the USA’s Washington state. The company […]
Canada: Mondelez expands sweets factory
Mondelez, the global snacks and confectionery firm, has invested C$4o million ($30 million) to upgrade a confectionery facility in Hamilton, Canada to increase capacity, according to a report in Canadian Grocer. The investment is reportedly being spent on a new line that will make 11 million pieces of Maynards jelly sweets a day for distribution across Canada and […]
USA: Danone invests in milk formulated for young children
Horizon Organic, an organic dairy firm and Danone subsidiary, has announced the launch of a new milk formulated to meet the nutritional needs of young children. Horizon Organic Growing Years is said to have been developed in partnership with paediatricians and created specifically for children aged one to five. The formulation is said to include DHA […]
USA: Kind to acquire Creative Snacks
Kind, the US-based snack company minority owned by Mars, has announced the acquisition of Creative Snacks, a family-owned snack company based in North Carolina, to further strengthen its presence in ‘better-for-you’ snacks. Founded in 2009, Creative Snacks offers premium-positioned snack foods including almond and coconut nut clusters, pretzels and trail mixes, as well as granola. […]
USA: Popchips sold to equity fund VMG Partners
VMG Partners, a US private equity fund specializing in consumer goods, has announced the acquisition of the Popchips brand in North America, and most international markets outside of the UK and Europe, via its newly-created “branded snacking platform” Velocity Snack Brands (VSB). Founded in 2007, Popchips is a “better for you” snack brand sold in supermarkets […]
USA: Hain Celestial divests Arrowhead Mills and SunSpire brands
North American natural and organic foods firm Hain Celestial has announced the latest in a series of divestments with the sale of the Arrowhead Mills and SunSpire brands to Hometown Food, a wholly-owned portfolio company of Brynwood Partners VII and Brynwood Partners VIII, for $15 million. The Arrowhead Foods lineup includes baking mixes, breakfast cereal, flour, pancakes, […]