Investment

Multi-vertical private equity firm Hoffman Family of Companies announced today it has acquired Cedar Crest Ice Cream, a Wisconsin-based frozen dessert manufacturer.

Vertical farming company AeroFarms announced it has been acquired by an affiliate of Palm Ventures, an Austin- and Greenwich-based family investment office.

Diamond Brew closed an oversubscribed pre-seed round to fuel innovation and support an expansion into the military channel.

This week on the podcast, Nosh managing editor Monica Watrous and senior reporter Brad Avery discuss why analysts are bullish on the meat snack category, plus a new premium coconut water brand founded by Tom Brady. The hosts also talk about the strategy behind Morinaga’s acquisition of My/Mochi and an investigation into Celsius Holdings over marketing to minors.

Gluten-free frozen waffle brand Superb Bakehouse is scaling as it moves into a new 10,000 sq. ft. production facility.

Huel Lite Hot and Savory Ramen is currently available only in the United Kingdom with a wider European launch planned for later this summer in four flavors

Stars + Honey announced today its collagen protein bar business has locked in a $24 million minority growth equity investment from VMG Partners.

Second Nature Brands is expanding into the meat snacks category with the acquisition of Tillamook Country Smoker from Insignia Capital Group and family shareholders.

According to the Wall Street Journal, Ingredion will pay £5.95 (roughly $7.94) per share of Tate & Lyle, representing a 59% premium to the British company’s last closing price before the M&A discussions were disclosed in May.

Morinaga’s acquisition of My/Mochi gives the company a ready-made vehicle in the fast-growing frozen snack category, as well as greater distribution muscle to scale its other brands.