Deal Roundup: Verlinvest and JamJar Invest in Tony’s Chocolonely, Cedar’s Foods Executives Acquire brekki
Investment firms and large food producers are seeing promise in better-for-you brands — and putting their dollars behind them. In recent deals, Verlinvest and JamJar invest in chocolate brand Tony’s Chocolonely, Cedar’s Foods acquires overnight oats brand brekki, Hodo closes a Series B investment from Renewal Funds and more.
Frozen dessert producer The Mochi Company, producer of My/Mo Mochi, was acquired today by an investment fund managed by Lakeview Capital, Inc, a Michigan-based family office. Terms of the deal were not disclosed.
Specialty food distributor The Chefs’ Warehouse announced Thursday its acquisition of specialty wholesaler Sid Wainer & Son, a deal expected to generate approximately $180 million in annual net sales.
Two ingredient development and innovation companies are joining forces: International Flavors & Fragrances (IFF) and DuPont Nutrition & BioSciences announced yesterday that the two will merge via a $26.2 billion deal.
The past few weeks have seen multiple investments in the red hot CBD space from existing CPG investment firms, as well as deal news in other trending categories such as alternative protein and the frozen food aisle.
Yogi Tea CEO Giancarlo Marcaccini sees a bright future for mellow moments. Owned by East West Tea Company, Yogi last week announced its acquisition of Choice Organic Teas.
One of the veteran nice guys of the natural products business, Josh Kohnstamm, has sold his eponymous public relations firm to another Minneapolis-area marketing agency, broadhead.
Hudson River Foods is winding its way upstream. With two recent acquisitions, Hodgson Mills and Dancing Deer, the company is solidifying a hearty footprint in the better-for-you baking category.
As part of its shift from confection to a broader snacking platform, Hershey announced yesterday its acquisition of the low-sugar, high-protein ONE Brands portfolio. The purchase price, which was financed with cash on hand as well as short term borrowings, was $397 million.
In case the paleo trend goes extinct, Steve’s PaleoGoods founder Steve Liberati is seeking new life for his product lineup through expansion and acquisition. In April, the company acquired raw and fermented drink and dressing brand Zukay Live Foods, which also produces Jacob’s Raw krauts, salsas and dressings.