M&A
Featured M&A Content
What JPG Resources’ Acquisition of CuliNEX Means for Food Product Development
Food and beverage consulting group JPG Resources is expanding its capabilities and its West Coast presence with the acquisition of food product development consultancy CuliNEX.
CPG Week: Inside Kraft Heinz’s Breakup. Plus, Pepsi’s Energy Drink Plans
In this episode of CPG Week, Nosh managing editor Monica Watrous and senior reporter Brad Avery dig into Kraft Heinz’s separation plans and PepsiCo’s increased investment in Celsius Holdings. The hosts also chat about Pepsi’s warning letter from an activist investor and Huel’s ready-to-drink foray into the red-hot greens category.
The CPG Business Is Changing, But Execs Say Adaptation Won’t Keep Pace
The CPG business is undergoing a shift, but without a crystal ball to determine where the industry will land in a decade from now, we’ll have to rely on recent news and survey responses from those on the front lines.
Additional Content
Lolli & Pops Acquires Hammond’s Candies
TerraMar Capital-backed Lolli & Pops announced today it has acquired fellow Denver, Colo.-based candy producer Hammond’s Candies for an undisclosed sum. According to the announcement, the transaction marks a significant milestone in Lolli & Pops’ growth strategy that has been underway since it was purchased by TerraMar in 2020.
Noosa Acquired By Lakeview Farms
Lakeview Farms, a producer of refrigerated desserts, dips and specialty food, announced it has entered into a definitive agreement to acquire Australian-style yogurt brand noosa from Campbell Soup Company.
Daily Briefing (Insiders Only): Hershey’s Snags Sour Strips Amid a ‘Mixed Bag’ of M&A Deals
The Hershey Company acquired candy brand Sour Strips late last week, only one day after posting less-than-stellar earnings that were weighed down by high cocoa prices and pressures across all business segments.
Hershey Acquires Sour Strips to ‘Relentlessly Accelerate’ Growth in Sweets
The Hershey Company announced today it has acquired sour candy brand Sour Strips, expanding the snacking and confectionery giant’s growing sweets portfolio. Financial terms of the deal were not disclosed.
Daily Briefing (Insiders Only): Report Claims Pace of M&A May Increase
While the pace of food and beverage acquisitions has slowed from previous years, recent deals reflect two key themes – portfolio reshaping and increased snack demand – that are expected to continue, according to a new report from CoBank, a national cooperative bank and agricultural export credit agency.
PE-Backed 1440 Foods Acquires FITCRUNCH
Celebrity chef Robert Irvine’s FITCRUNCH has been acquired by 1440 Foods which already operates active nutrition brands MET-Rx, Pure Protein and Body Fortress.
Corporación Multi Inversiones Acquires Del Real Foods
Ready-to-heat Hispanic food brand Del Real Foods is now majority owned by multilatina corporation Corporación Multi Inversiones (CMI).
CPG Week: KDP Snags Ghost & Olipop Plays Ball
On CPG Week, the podcast team talks about Keurig Dr Pepper’s acquisition of GHOST Energy, Olipop’s sports sponsorship ambitions and a look at Whole Foods Market’s Trend Forecast.
UpSnack Brands Brings Pipcorn, Spudsy Together Under One Roof
Snack brands Pipcorn and Spudsy have joined together under a newly formed entity, UpSnack Brands, to leverage their combined scale and accelerate a pathway to profitable growth.
Encore Acquires Legacy Pizza Products Producer DeIorio’s
Private equity firm Encore Consumer Capital has finalized its acquisition of New York pizza dough producer DeIorio Foods this week. Terms of the deal were not disclosed. Based in Utica, N.Y., DeIorio’s is a legacy dough supplier, celebrating the 100th anniversary of its founding this year.