USA: Generous Brands to acquire Health-Ade Kombucha
Generous Brands, a portfolio company of private equity firm Butterfly, has announced that it has signed an agreement to acquire California-based soft drinks firm Health-Ade from fellow equity funds First Bev and Manna Tree Partners . Founded in 2012, Health-Ade positions itself as a producer of “feel-good, bubbly beverages” with gut-health benefits, including kombucha, prebiotic […]
Australia: Jack Link’s acquires meat snack brand Kooee!
Jack Link’s, the US-based meat firm, has announced the acquisition of meat snack brand Kooee via its Australian division Link Foods APAC to expand its premium offering across the Asia-Pacific region. Founded in 2015 in north-west Tasmania by Shaun Malligan, Kooeee! offers a range of beef jerky and meat sticks made from 100% grass-fed beef […]
USA: King’s Hawaiian to invest $54 million in Georgia expansion
Los Angeles-based bakery firm King’s Hawaiian has announced plans to invest $54 million to expand its 150,000 sq ft facility in Oakwood South Industrial Park, creating more than 135 new jobs. As part of the expansion, King’s Hawaiian will add a new production line to manufacture more flavours of its Pretzel Bites. Commenting on the […]
USA: Vilore Foods acquires Tia Lupita Foods
Vilore Foods, the US importer and distributor of the La Costena and Jumex brands, has announced the acquisition of Mexican food brand Tia Lupita Foods. This acquisition marks Vilore Foods’ entry into the natural foods sector, broadening its portfolio with Tia Lupita Foods’ gluten-free, non-GMO and preservative-free products, including signature hot sauces, grain-free cactus tortilla […]
Venezuela: Unilever finds buyer for ice cream business
Unilever, the multinational consumer goods giant, has announced it has announced a buyer for its ice cream business in Venezuela in the shape of Mack de Venezuela, a Colombian automotive company. The transaction includes both the Tio Rico brand and its associated factory. Commenting on the move, a Unilever spokesperson said: “In accordance with our focus […]
UK: AG Barr buys majority stake in brand The Turmeric Co
AG Barr, the UK-based soft drinks firm, has announced the acquisition of a majority stake in Innate-Essence Limited, parent company of The Turmeric Co, to expand its footprint in functional beverages and health supplements. Founded in 2018 by former professional footballer Hal Robson-Kanu, The Turmeric Co has reportedly established collaborations for its turmeric wellness shots […]
Canada: Lactalis to close Sudbury facility, exit dairy alternatives
The Canadian division of dairy giant Lactalis has announced it plans to close its plant-based beverage facility in Sudbury, Ontario, in the process withdrawing entirely from dairy alternatives. Originally a dairy plant established in 1962, the site was converted to a fully plant-based operation in 2022 and reopened in June 2024 as the company’s first […]
UK: Reckitt offloads majority stake in Essential Home business
Reckitt Benckiser, the household care and homecare giant, has announced it has agreed to sell a majority stake in its Essential Home business to private equity investor Advent International in a deal worth up to $4.8 billion. The Essential Home portfolio includes air freshener brand Air Wick, water softener brand Calgon, laundry care brand Woolite, and detergent […]
Greece: Vivartia sells Dodoni dairy business to Hellenic Dairies
Greece’s Vivartia has announced the sale of its dairy subsidiary Dodoni, to local peer Hellenic Dairies for €205 million ($239 million). Founded in 1963 in Ioannina, Dodoni has a portfolio that extends to feta and halloumi cheese, yoghurt, and a coconut oil-based vegan range called Plant’d. The company exports its range to over 50 countries, including […]
Germany: Dr. Oetker to acquire Kathi
Food manufacturer Dr. Oetker has announced that it has signed a contract to acquire Kathi, a fellow German company that makes baking products. Founded in 1951, Kathi operates a production facility in Halle, Saxony-Anhalt, and offers a wide range of products including baking mixes, pastries, flour, frozen cakes and baking accessories. Commenting on the move, Kathi […]