Mergers And Acquisitions

Misfits Market to double product assortment, consolidate private label brands post Imperfect Foods acquisition

22-Sep-2023 By Ryan Daily

Nearly a year after Misfits Market closed its acquisition of Imperfect Foods, the combined company is looking to grow through a consolidated private label business and an expanded product assortment, the company’s COO, Corey Farrell, told FoodNavigator-USA....

Pass the Twinkie: Ownership of Hostess may be on the move again

29-Aug-2023 By Gill Hyslop

Hostess Brands Inc is purportedly exploring a sale after fielding takeover interest from major snack producers, including PepsiCo, Mondelez, General Mills and Hershey.

Food manufacturers adapt to changing landscape: investments, mergers, and innovations drive growth opportunities

14-Jun-2023 By Deniz Ataman

While M&A activity is slower, the total capital invested in 2022 remains similar to previous years, with an increase in venture capital funds in the food and beverage industry, and trends surrounding plant-based food, private label and automation,...

Beverage, better-for-you are driving CPG deals in 2023

25-Apr-2023 By Ryan Daily

For all the talk of higher interest rates and tighter capital, large CPG food and beverage brands are still acquiring brands to bolster their portfolios, especially in beverages and the better-for-you category, John Siegler of BMO Capital Markets shared...

Kerry sours on sweets, IRCA to purchase sweet ingredients portfolio

12-Jan-2023 By Ryan Daily

In an effort to streamline its portfolio, ingredient manufacturer Kerry has entered into exclusive negotiations to sell its sweet ingredients business to food ingredient company IRCA for €500m ($538m).

Keurig Dr Pepper explores inorganic growth opportunities after intense internal focus

29-Apr-2022 By Elizabeth Crawford

After two years of focusing internally to navigate pandemic-related supply chain, labor and other challenges, Keurig Dr Pepper will begin to look outward once again for inorganic opportunities, including mergers & acquisitions, partnerships and minority...

Utz adds two direct store delivery distributors to its growing shopping list as it builds national presence

24-Jan-2022 By Elizabeth Crawford

With today’s acquisition of two direct store delivery distributors in New York City and Long Island, chip and snack manufacturer Utz continues the shopping spree it began after going public in mid-2020 as it pursues its ambitious mission to be available...

Investing in the Future of Food: Minority investments in smaller brands will characterize M&A in food in 2022

05-Jan-2022 By Elizabeth Crawford

The temporary freeze on mergers and acquisitions in the food and beverage space seen in the early days of the coronavirus outbreak is long gone as deal making in the segment rebounded in 2021 to levels rivaling pre-pandemic – but many of the companies...

CBD industry consolidation continues with manufacturing facility sale

05-May-2021 By Hank Schultz

In a sign of further consolidation within the CBD/hemp products industry, THC Farmaceuticals Inc has announced it has acquired a contract manufacturer in Southern California.

Evolving M&A strategies seek to preserve “local” feel of regional brands post-partnership

10-Jan-2018 By Elizabeth Crawford

In an era when consumers prize “buying local,” regional brands looking to expand and national companies seeking a toehold in area markets must carefully craft partnerships that will spur growth without alienating consumers who are attracted to homegrown...

Snyder’s-Lance faces 'no barriers' to Diamond deal as antitrust period expires

16-Dec-2015 By Douglas Yu

Snyder’s-Lance’s acquisition of Diamond Foods has moved a step closer this week with the expiration of an antitrust waiting period.

Alternative proteins, delivery tech dominate M&A activity; supplements trail off

11-Aug-2015 By Hank Schultz

The Nutrition Capital Network reports that mergers and acquisitions activity in branded natural and organic food & beverage companies is on a record-setting pace for 2015. In addition, NCN reports rapid growth in financings in the emerging world of...

Animal feed industry gets a new website

25-Mar-2014 By Jane Byrne

A new website has been launched to supply breaking news for the global animal feed industry – a sector that was valued at $500 billion last year.

US extends Smithfield and Shuanghui merger review

25-Jul-2013 By Carina Perkins

US authorities have extended their review of meat processor Smithfield’s proposed merger with Chinese company Shuanghui.

Post strengthens natural offerings with Hearthside buy

13-May-2013 By Kacey Culliney

A second acquisition will further strengthen Post Holding’s position in the high-growth natural cereal segment, its CEO says.

Snyder’s-Lance: New R&D center to support aggressive category-expanding innovation

15-Feb-2013 By Kacey Culliney

A new research and development (R&D) center will enable Snyder’s-Lance to deliver category-expanding, innovative new products for 2013, its president and COO says.

Canadian competition authority approves hog producer purchases

02-Jan-2013 By Carina Perkins

Competition chiefs have approved the acquisition of Western Canada’s two largest hog producers by major pork processing companies.

2012: The year of fewer, bigger, deals in health & wellness, and a sharp rise in financing

06-Sep-2012 By Elaine Watson

The number of mergers and acquisitions in the US nutrition, health and wellness market was down by almost 40% in the first half of 2012*, according to Nutrition Capital Network (NCN).

Snyder’s-Lance eyes acquisitions to add to high-selling core brands

10-May-2012 By Oliver Nieburg

North American snack firm Snyder’s-Lance plans to foster future growth through mergers and acquisitions to complement its core brands which helped it marginally improve sales in its Q1 results

Special edition: The year in review

23-Dec-2011 By Caroline Scott-Thomas

As the year draws to a close, FoodNavigator-USA looks back at some of the top stories of the year and the biggest deals across the industry – and why not test your knowledge with our 2011 food quiz?

Food industry execs intend to increase M&A activity, survey finds

01-Aug-2011 By Caroline Scott-Thomas

Food and beverage executives intend to significantly increase merger and acquisition activity and have the money to do so, according to a recent survey from KPMG.

Industry execs ‘cautiously optimistic’ about profitability, market share

17-May-2011 By Caroline Scott-Thomas

Food industry executives expect to see increased profitability in the sector this year, although many think it may be difficult to sustain, according to a new survey from KPMG International.

M&A round-up: October/November

01-Dec-2008

It has been a bumpy ride over the last few months for mergers and acquisitions. The global credit crisis has cut into financing opportunities, while some high-profile deals have been stalled or even terminated.

News briefs: Bakery acquisitions

02-Jul-2008 By Laura Crowley

This week, Flower Foods bakery continues its geographical expansion
plans with its acquisition of ButterKrust bakery, and Kellogg
acquires a major Chinese cookie company.

Food industry takeovers continue to rise

13-Mar-2008 By Chris Jones

The number of mergers and acquisitions in the North American food
industry continued to grow in 2007, continuing the rapid pace of
consolidation that began in 2006, according the latest edition of
the annual food business survey by...

Ajinomoto to acquire Calpis in $680m stock swop

11-Jun-2007 By Jess Halliday

Ajinomoto plans to merge with Japanese compatriot Calpis, in a
bid to further its transformation into a health and nutrition
company and develop more value-added products to meet market
demands.

Food industry M&As rebounding, says new report

13-Mar-2007 By Lorraine Heller

Mergers and acquisitions in the food industry in 2006 took a turn
up compared to the year before, with almost one third of all
activity occurring in the food processing sector, according to a
new guide by the The Food Institute.

FPA and GMA to merge

03-May-2006 By Anthony Fletcher

The Food Products Association (FPA) and the Grocery Manufacturers
Association (GMA) have agreed in principle to merge the two
organizations effective 1 January, 2007.

Degussa restructures and takes €500m charge

22-Oct-2003

Germany's third-largest chemicals company Degussa has taken a €500
million charge in its fine chemicals business unit as it continues
to feel the impact of adverse changes in market conditions.

Rocky results for TFF

29-Jul-2003

US firm Technology Flavors & Fragrances continues to falter in
2003 with a 70 per cent decrease in net income for the second
quarter, a decrease in net sales of 5.7 per cent and rising
operating costs.