USA: The Planting Hope Company announces public listing
Planting Hope Company, a manufacturer of plant-based food and drinks, has announced plans to publicly list on Canada’s TSX Venture Exchange (TSX VE) on the 29th November. Described as a women-managed and woman-led company with a focus on nutrition, sustainability and diversity, Planting Hope Company claims to develop, launch and scale innovative plant-based and planet-friendly food and […]
USA: Hershey to acquire two pretzel companies for $1.2 billion
The Hershey Company has announced the acquisition of two pretzel companies, Dot’s Pretzels LLC and Pretzels Inc for approximately $1.2 billion. Founded by Dot Henke in her home kitchen, Dot’s Pretzels started as a family business creating high-quality homemade pretzels. Pretzels Inc is a co-manufacturer of pretzels for Dot’s Pretzels and other brands, being a […]
Ireland: Glanbia plc to sell minority stake in Glanbia Ireland
Glanbia plc and Glanbia Co-op have today announced they have signed a non-binding memorandum of understanding for the sale of 40 per cent stake in Glanbia Ireland to Glanbia Co-op for a purchase price of €307 million ($352 million). The transaction will allow Glanbia to focus on its two growth platforms, Glanbia Performance Nutrition and […]
Spain: Grupo Palacios to acquire UK dessert producer Rhokett
Spanish-based foods business Grupo Palacios has announced the acquisition of a majority stake in Rhokett, a chilled dessert supplier, for an undisclosed sum. Founded in 2002, Rhokett offers a wide range of hand-finished cheesecakes and other desserts from three production facilities. Grupo Palacios sells meat products, refrigerated pizzas, ready-made tortillas, prepared dishes, and desserts to more […]
Canada: Nature’s Path to buy Anita’s Organic Mill
Nature’s Path, an organic breakfast and snack food company, has acquired a majority stake in Anita’s Organic Mill, a producer of organic flours and baking products. Founded in 1997, Anita’s Organic Mill is said to be one of the most respected millers and manufacturers of organic whole grain flours in Canada, sourcing organic grains from […]
Ireland: Nomadic Dairy to be acquired in €29 million deal
Food investment specialist group BiaVest has partnered with Development Capital to acquire Nomadic Dairy from Donegal Investment Group for an upfront consideration of €23 million ($26 million) and €6 million ($7 million) as a deferred consideration contingent on financial performance next year. Nomadic Dairy has a portfolio of six yoghurt-based products with more than 20 […]
USA: Bobo’s to invest $10 million in new facility
US snack maker Bobo’s has announced it is investing $10 million in a new facility in Colorado. The investment will help Bobo’s to consolidate its two bakeries and warehouse into one building to increase capacity in order to meet growing demand. Along with upgraded manufacturing space, Bobo’s will also expand its staff headcount. By consolidating the facilities, the […]
USA: Utz Brands to acquire RW Garcia
Utz Brands, the US savoury snack company, has announced the acquisition of crisp maker RW Garcia for $56 million. Founded in 1982, RW Garcia is a family-owned manufacturer of organic gluten-free tortilla chips, crackers and corn chips. The firm has manufacturing facilities located in Nevada and North Carolina. “We expect this strategic acquisition will enable […]
USA: Phillips Distilling to acquire two brands from Beam Suntory
Phillips Distilling, a US spirits brands, has announced the acquisition of the Leroux and Kamora brands from Beam Suntory for an undisclosed sum. The Kamora brand is a coffee liqueur in the US and Canada made with savoury coffee beans infused with vanilla, chocolate and caramel notes. The Leroux brand range comprises 19 varieties of liqueur […]
China: Diageo to build a new whisky distillery
Diageo, the leading alcoholic drinks firm, has announced the construction of a $$75 million whisky distillery in China. The Diageo Eryuan Malt Whisky Distillery, described as the first factory of its kind in China, will be built in a area selected for its temperate climate, rich natural biodiversity, and access to natural spring water in the […]