Acquisition

Planting Hope acquires Argo Tea, focuses on reaching Gen Z and Gen Alpha consumers

28-Aug-2023 By Deniz Ataman

Foodtech company, Planting Hope plans to reach Gen Z and Gen Alpha with its recent acquisition of a portion of Argo Tea’s assets, Julia Stamberger, CEO & Co-Founder, Planting Hope, told FoodNavigator-USA.

JM Smucker explores acquisitions, innovation, stepped-up marketing to energize coffee sales

28-Feb-2023 By Elizabeth Crawford

JM Smucker wants to expand its leadership position in the at-home coffee category, where it currently holds 26% of the market share and three of the top eight brands, through potential acquisitions, innovation, broader geographic reach and reinvigorated...

Tofurky acquired by Morinaga Nutritional Foods in ‘an expected move’ for plant-based pioneer

11-Feb-2023 By Ryan Daily

Following in the footsteps of its competitors Field Roast and Lightlife, Tofurky announced its acquisition, along with its sister brand Moocho, by US-based tofu manufacturer Morinaga Nutritional Foods. This deal was “an expected move” for the third largest...

Ferrero snaps up major US ice cream brands

08-Dec-2022 By Anthony Myers

The Ferrero Group has bought Wells Enterprises, maker of ice cream brands Blue Bunny and Bomb Pop, the two parties have announced.

Nestlé's decision to spin out Freshly, reconsider Aimmune reflect pandemic’s impact on shifting shopping habits, consumer needs

30-Nov-2022 By Elizabeth Crawford

While Nestlé CEO Mark Schneider touted the company’s “consistent financial results” over the past few years despite “living in a very volatile and turbulent environment” thanks partly to an aggressive portfolio reshaping, he also acknowledged not all...

Plant-based yogurt brand Lavva acquired by Next in Natural, appoints new CEO

10-Aug-2022 By Mary Ellen Shoup

Plant-based yogurt brand, Lavva, has been acquired by Brooklyn-based venture firm Next in Natural and has appointed a new CEO, Jeff Lichtenstein, to help the brand keep up with consumer demand and produce additional innovation.

General Mills adopts 'always on' acquisition approach as ‘ongoing part of our accelerate strategy’

23-Feb-2022 By Elizabeth Crawford

General Mills continues to hunt aggressively for acquisitions to build out its five core platforms, including cereal, ice cream, snack bars, Mexican food and pet food, and to consider strategic divestitures as part of a broader strategy to reshape its...

Nestlé Health Science to buy majority stake in Orgain

03-Feb-2022 By Jim Cornall

Nestlé Health Science has agreed to purchase a majority stake in Orgain, a plant-based nutrition company, from its founder Dr Andrew Abraham and Butterfly Equity, who will continue to be minority share owners.

‘We will become the number 2 global player in natural colours’: Givaudan talks DDW acquisition

13-Oct-2021 By Katy Askew

Swiss flavours and fragrances giant Givaudan has announced plans to acquire DDW, The Color House, in a deal that will make it a ‘global leader’ in the natural colours space.

Private equity firm acquires raw honey brand, Local Hive Honey

28-Sep-2021 By Mary Ellen Shoup

Marking its first acquisition for its new fund, Charlotte, North Carolina-based private equity firm Falfurrias Capital Partners has acquired raw and unfiltered honey brand, Local Hive Honey. Terms of the deal were not disclosed.

Kraft Heinz to acquire Brazilian condiments and sauces company Hemmer

23-Sep-2021 By Mary Ellen Shoup

Kraft Heinz has entered into an agreement to acquire Brazilian condiments and sauces company Companhia Hemmer Indústria e Comércio (a.k.a. 'Hemmer').

NEWS IN BRIEF

Private equity firm completes acquisition of Kodiak Cakes

02-Jul-2021 By Mary Ellen Shoup

Private equity group, L Catterton, has completed its acquisition of better-for-you, protein-powered waffle and pancake mix brand Kodiak Cakes.

Investing in the Future of Food: Sweet Earth finds success balancing values with fundraising & Nestlé partnership

09-Jan-2019 By Elizabeth Crawford

First time entrepreneurs often lament that if they had known how much work it would take to launch a startup they might not have done it, but the husband and wife duo and long-time industry veterans behind the plant-based protein brand Sweet Earth Natural...