USA: Ferrero-related company to acquire Nonni’s bakery
CTH Invest, a Belgian holding company associated with Ferrero, has announced the acquisition of Nonni’s Bakery from Vestar Capital Partners, a leading US middle-market private equity firm. Founded in 1869, Nonni’s Bakery is described as a manufacturer of premium artisanal biscotti cookies and baked goods specializing in indulgent chocolate and inclusions-enhanced biscotti and “Cantuccini-type” cookies. […]
USA: Semcap to acquire minority stake in Aloha
Semcap, a growth equity company, has announced an investment of $68 million to take a significant minority stake in Aloha, a plant-based protein brand. Aloha is described as an employee-owned and operated company offering high-protein, and low-sugar plant-based products. Semcap Food & Nutrition said it invested in food companies that support sustainable modern health and […]
USA: King’s Hawaiian to build $200 million Indiana baking plant
Los Angeles-based bakery firm King’s Hawaiian has announced plans to invest $200 million to build a manufacturing facility in Taylorsville, IN. According to a report in Food Business News, the company has purchased 88 acres and plans a 300,000-square-foot facility to be built in phases, with the first phase creating 125 to 150 jobs. “We are […]
USA: Chobani to acquire La Colombe
Chobani, the leading US greek yoghurt firm, has announced the acquisition of La Colombe, an American coffee roaster, for $900 million. Founded in 1994, La Colombe is described as crafting premium roasts from bean to cup, reaching consumers through retail stores, cafes, food service providers, and direct-to-consumer platforms. The deal comes a matter of months […]
USA: Unilever to sell Elida Beauty business
Unilever, the multinational consumer goods giant, has announced it has received a binding offer from Yellow Wood Partners, a Boston-based private equity firm, to acquire Elida Beauty for an undisclosed amount. Elida Beauty has a portfolio of 20 beauty and personal care brands including Q-tips, Impulse, Caress, Tigi, Timotei, Monsavon, Brut, Moussel, Alberto Balsam, and […]
Canada: Lagoon Seafood to complete construction of facility
Lagoon Seafood, a fresh and frozen seafood company, has completed the construction of its 63,000 square feet state-of-the-art facility in Granby, Quebec. The new production and packaging facility elevates the company’s operations, supporting the production of Blue Tide branded and private-label products. Commenting on the news, Lagoon Seafood business resource manager Michael Cheaib said: “The […]
Canada: Lactalis Canada to acquire dessert manufacturer Marie Morin
Lactalis Canada, a subsidiary of French dairy giant Lactalis, has announced the acquisition of dessert manufacturer Marie Morin Canada for an undisclosed sum. With the transaction, Lactalis Canada will enter the dessert category in the Canadian and US markets. The acquisition includes a production facility of premium desserts in Saint-Bruno-de-Montarville, Québec and 52 employees who […]
USA: LiveKindly Collective to acquire plant-based company Alpha Foods
Plant-based company Livekindly Collective (LKC) has announced the acquisition of Alpha Foods a company specialized in frozen plant-based meals. The acquisition will allow LKC to increase its footprint in the US market. Alpha Foods is a California-based manufacturer of frozen plant-based meals such us burritos, breakfast sandwiches, chicken nuggets, patties, chicken strips, and wraps, among […]
USA: Mondelez opens global snack, confectionery R&D innovation centre
FMCG giant Mondelez has announced the opening of its new global research & development (R&D) innovation centre in the US state of New Jersey. The $50 million state-of-the-art facility includes a pilot and scale-up facility for biscuits, crackers and confectionery, focusing on brands including Ritz, Oreo and Sour Patch Kids. “This strategic investment in our […]
USA: JM Smucker to complete sale of pet food brands to Post Holdings
US-based food and beverage company JM Smucker has announced the closing of a transaction to sell several pet food brands to Post Holdings for approximately $1.2 billion. The acquisition, which was announced in February, includes brands such Rachael Ray Nutrish, 9Lives, Kibbles ‘n Bits, Nature’s Recipe and Gravy Train, a private label pet food business, and […]