Tag archive for ‘Food acquisition news’
Mondelēz to acquire majority stake in UK-based nutrition brand Grenade
By businessnewstoday On Tuesday, March 23rd, 2021
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Mondelēz to acquire majority stake in UK-based nutrition brand Grenade

(adsbygoogle = window.adsbygoogle || []).push({}); Mondelēz International has agreed to acquire a majority stake in Grenade, a UK-based sports performance and active nutrition brand, for an undisclosed More...

GrubMarket acquires Texas-based produce wholesaler RJ Produce
By businessnewstoday On Thursday, March 18th, 2021
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GrubMarket acquires Texas-based produce wholesaler RJ Produce

US food technology startup GrubMarket has acquired RJ Produce, a Texas-based produce wholesaler, for an undisclosed price. RJ Produce is said to have established strong relationships with growers directly from Mexico More...

Kraft Heinz to sell nuts business to Hormel Foods for $3.3bn
By businessnewstoday On Thursday, February 11th, 2021
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Kraft Heinz to offload nuts business to Hormel Foods for $3.3bn

Kraft Heinz has agreed to sell its nuts business to Hormel Foods for $3.35 billion in an all-cash deal. The deal includes most products sold by Kraft Heinz under the Planters brand. These include single variety More...

Highview Capital acquires poultry and meat products supplier Randall Farms
By businessnewstoday On Wednesday, February 10th, 2021
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Highview Capital acquires poultry and meat products supplier Randall Farms

Highview Capital, a private equity investment vehicle, has acquired Randall Farms, a California-based provider of fresh poultry and meat products. The financial terms of the deal were not disclosed. Randall Farms More...

Barilla acquires Catelli dry pasta business in Canada from Ebro Group
By businessnewstoday On Monday, February 1st, 2021
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Barilla wraps up $130m acquisition of Catelli dry pasta business in Canada

Barilla has completed the CAD 165 million ($130 million) acquisition of the Catelli dry pasta business in Canada from Spanish food company Ebro Group. The Catelli dry pasta business acquired by the Italian food More...

Flagship Food Group to acquire majority stake in La Tortilla Factory
By businessnewstoday On Saturday, January 30th, 2021
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Flagship Food Group to acquire majority stake in La Tortilla Factory

La Tortilla Factory (LTF), a California-based tortillas and Mexican foods maker, has signed a deal with Colorado-based food company Flagship Food Group to enable the latter to acquire a majority stake in the company. The More...

MSCP wraps up $330m sale of majority stake in Hojeij Branded Foods to Lagardere
By businessnewstoday On Saturday, January 30th, 2021
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Smucker’s sells Natural Balance pet food business to Nexus Capital

The J.M. Smucker Co. (Smucker’s) has completed the $50 million sale of its Natural Balance premium pet food business to Nexus Capital Management. The deal was announced in December 2020 and it covers the sale More...

Woolworths' deal with PFD Food Services comes under ACCC’s scanner
By Soujanya Ravi On Friday, December 18th, 2020
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Woolworths’ deal with PFD Food Services comes under ACCC’s scanner

The Australian Competition and Consumer Commission (ACCC) said that retailing giant Woolworths Group’ proposal to acquire 65% stake in foodservice distributor PFD Food Services for AUD 552 million ($426 million) More...

B&G Foods acquires Crisco shortening brand from Smucker's for $550m
By businessnewstoday On Wednesday, December 2nd, 2020
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B&G Foods wraps up $550m acquisition of Crisco shortening brand

B&G Foods has wrapped up its previously announced $550 million acquisition of the Crisco brand of oils and shortening from The J.M. Smucker Co. (Smucker’s). As part of the deal announced in October 2020, More...

Nestlé to sell Yinlu peanut milk and canned rice porridge businesses in China to Food Wise.
By businessnewstoday On Wednesday, November 25th, 2020
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Nestlé to sell Yinlu peanut milk and canned rice porridge businesses in China

Nestlé has signed a deal to divest its Yinlu peanut milk and canned rice porridge businesses in China to Food Wise for an undisclosed price. The deal includes all the operations of Yinlu, which includes five factories More...