USA: Kellogg launches imitation meat line Incogmeato
Kellogg, the leading US cereal and snacks firm, has announced it is expanding its MorningStar Farms plant-based range with the launch of Incogmeato, a new line of imitation meat products. The “next-gen” product line is said to include the company’s first ready-to-cook plant-based burger, which will be sold in the refrigerated meat aisle, as well […]
USA: Mahou Group acquires majority stake in Founders Brewing
Mahou Group, the leading Spanish brewer, has upped its stake in the US-based craft beer maker Founders Brewing, increasing its holding to 90%, according to reports in Food Business African and FoodBev. Mahou Group originally took a 30% stake in the Michigan craft brewery in 2014 with a $96 million investment. Commenting on the deal, […]
USA: Campbell Soup to offload European crisps business
Campbell Soup, the US foods manufacturer, is continuing to shed non-core businesses, this time striking a deal to offload its European crisps business, including the Kettle brand, to the Irish firm Valeo Foods. The US company said it would use the proceeds from the sale, which is valued at around £66 million ($79 million) to reduce […]
USA: Constellation Brands acquires stake in Durham Distillery
US-based alcoholic drinks firm Constellation Brands has announced it has acquired a minority stake in Durham Distillery, a craft gin, vodka, liqueur and ready-to-drink canned cocktail producer located in Durham, NC, USA. The Durham Distillery product line includes Conniption Navy Strength Gin and Conniption American Dry Gin, Damn Fine Liqueurs (Chocolate, Mocha and Coffee), Cold […]
USA: Pernod Ricard announes acquisition of Castle Brands
Wine and spirits multinational Pernod Ricard has announced the acquisition of Castle Brands, a New York based spirits firm, for $223 million. Castle Brands market a range of “high end premium brands” that includes Arran whisky, Boru Irish vodka, Brady’s Irish cream, Clontarf whiskey, Celtic honey liqueur, Goslings rum, Gozio amaretto, Jefferson’s bourbon, Knappogue Castle whiskey […]
USA: Hain Celestial sells Tilda rice brand to Ebro Foods
Hain Celestial, the natural foods firm, has announced it has agreed a deal to sell its Tilda brand of basmati and speciality rice to the Spanish consumer goods firm Ebro Foods for $342 million in cash. The firm said it was planning to use a portion of the sale proceeds to pay down debt, and […]
USA: Hershey seals $397 million deal to acquire One Brands
Hershey, the US confectionery firm, has announced it has entered into a definitive agreement to acquire One Brands, the maker of a line of low-sugar, high-protein nutrition bars, for a purchase price of $397 million. The chocolate maker said the deal “strengthened its position as a snacking leader” and would “provide a competitive offering of […]
USA: Stonewall Kitchen buys Vermont Village
Stonewall Kitchen, the US speciality foods firm, has announced it has entered into an agreement to acquire the Vermont Village brand of organic applesauce and apple cider vinegar, with the deal expected to close in September. Produced by the Village Cannery of Vermont since 1995, the Vermont Village brand has largely specialized in organic applesauce. More recently […]
USA: Ajinomoto takes majority stake in More Than Gourmet
Ajinomoto, the US seasonings firm, has announced it has taken a 50.1% equity stake in More Than Gourmet (MTG), a US saucemaker, via a strategic partnership with its consolidated subsidiary Ajinomoto Health & Nutrition North America. Most famous for its demi-glace French-style sauce concentrates sold in both retail and foodservice channels, More Than Gourmet has also been […]
USA: Simply Good Foods to acquire Quest Nutrition
Simply Good Foods, a branded nutritional and snack foods firm, has announced it has reached an agreement to acquire the functional foods maker Quest Nutrition for $1.0 billion in cash. Quest Nutrition is described as being focused on creating snacks with high protein levels but minimal sugars and net carbohydrates. The firm’s product lineup includes […]