M&A

Clio Snacks has been on a growth rocket ship over the past four years, quadrupling revenue, fixing its profitability plan, building a team and expanding distribution.

This week, the podcast goes through an M&A deal for Greek yogurt bar brand Clio and all the big news from the NACS trade show last week.

The deal makes MadeGood’s parent company Riverside Natural Foods a unicorn, meaning a private company that has achieved a valuation of $1 billion or more, according to Bloomberg.

CPG suppliers Roland Foods and Dot Foods have entered a strategic partnership, with Roland acquiring Dot’s Savor Brands business in exchange for an equity interest in the company. Financial terms of the deal were not disclosed.

The Hain Celestial Group is exiting the global market as the New Jersey-based conglomerate announced today it is selling its international business to private equity firm Aurelius for approximately $323 million.

Flavor company Watkins has entered a definitive agreement to acquire Sauer Brands’ spice business, including the recently-purchased Kernel Season’s and Spicer Hunter brands, along with Sauer’s own branded spices and seasonings, the companies announced today. Financial terms of the deal were not disclosed.

Better-for-you mac and cheese maker Goodles has agreed to be acquired by Barilla Group, the company announced on Wednesday evening.

Chicago-based Sweetmore Bakeries is extending its manufacturing network to the West Coast with the acquisition of California-based Fantasy Baking Co.

California-based school meal provider Revolution Foods has acquired Ardella’s, a five decade-old maker of pizzas and burritos primarily sold to K-12 schools. Financial terms of the deal were not disclosed.

Crustless sandwich brand Fave’Wich has been acquired by bakery business JSB Industries for an undisclosed amount.