Investment

Atlantic Sea Farms has netted $3.8 million in equity funding to support its expansion in foodservice and launch new retail products that will launch later this year. The company has also appointed a new interim CEO to lead the business.

In this episode, the CPG Week podcast team covers four acquisitions in food and beverage including Spindrift’s anticipated sale and the unexpected new owner of Simple Mills.

Are aquatic plants the next hot ingredient in the plant-based space? Chipotle seems to think so.

Misha’s, Inc. is expanding its portfolio of premium dairy-free cheeses with the acquisition of Vertage in a deal that leverages Vertage’s partnership with Fresh Del Monte Produce, providing access to its comprehensive logistics network and capabilities. Terms of the deal were not disclosed. “By integrating Vertage’s expertise and leveraging Fresh Del Monte’s infrastructure, we’re not… Read more »

Ready-to-eat meal purveyor Proper Good, Inc. announced today that it closed a $3.5 million funding round in the fourth quarter of 2024, backed by internal investors. The capital infusion will help fuel brick-and-mortar growth and increase household penetration.

Snack industry co-manufacturers Bar Bakers and TruFood Manufacturing have officially combined operations, today debuting under a new unified identity, Tandem Foods.

Eat Well Investment Group is accusing Superlatus Foods of fraudulently selling its plant-based food tech platform to avoid contractual obligations and scamming $10 million in cash and common stock.

Flowers Foods’ management team sees significant growth potential for Simple Mills following its $795 million acquisition, as executives outlined plans to broaden the snack and baking mix brand’s distribution, accelerate new product development and amplify brand awareness during a conference call today. The new parent company plans to handle the business with a “fairly light touch, particularly in the early days” to preserve its entrepreneurial spirit.”

Flowers Foods, Inc. announced today that it has entered into an agreement to acquire Simple Mills from company management, Vestar Capital Partners and initial angel investors for $795 million in a cash transaction. The deal is subject to customary regulatory approval and closing conditions and is expected to close in the first quarter of 2025…. Read more »

Global private equity firm Advent International announced today it has agreed to acquire condiment, seasoning, and spice platform Sauer Brands from Falfurrias Capital Partners for an undisclosed sum.