M&A

On this episode of CPG Week, Nosh managing editor Monica Watrous and senior reporter Brad Avery unpack Once Upon A Farm’s IPO announcement, a grocery retailer’s adoption of a food health scoring system, breakfast maker Seven Sundays’ step toward vertical integration, and Beckett Industries’ new food and beverage focused fund.

Better-for-you breakfast brand Seven Sundays revealed it has taken a step toward vertical integration with the acquisition of its longtime manufacturing partner Birch Packaging. The transaction closed in June, and financial details were not disclosed.

Legacy CPG companies are a goalpost for food industry entrepreneurs. But that dynamic may be shifting as large corporations struggle under their own weight.

Sweets from the Earth, a Toronto-based manufacturer of vegan and allergen-free sweet baked goods, has been acquired by Canadian firm Fengate Private Equity. Financial terms of the transaction were not disclosed.

Sustainable meat brand Fork in the Road has merged with “sister company” True Story Foods, creating a unified business under the True Story name, with Fork in the Road products to be integrated into the existing True Story line of meats. Terms of the deal were not disclosed. Since their respective foundings in 2010 and… Read more »

Consumer holding company Louisville Brands has acquired Louisville Vegan Jerky Company from early-stage investment firm Render Capital. Financial terms of the transaction were not disclosed.

In this episode of CPG Week, Nosh managing editor Monica Watrous and senior reporter Brad Avery analyze the evolution of private label from off-brand to on-trend. The podcasters also discuss recent examples of the protein craze in Wandering Bear’s new latte line and Brami’s lupini bean-based pasta. Additionally, the hosts dig into British mixer brand Fever-Tree’s partnership with Molson Coors and an interesting new innovation in the frozen aisle.

Heartland Food Products Group, manufacturer of Splenda brand low-calorie sweetener and drink mixes, has acquired SlimFast’s U.S. operations from nutrition supplement maker Glanbia. Financial terms of the transaction were not disclosed.

Calbee, Inc. has taken a majority stake in sustainable tofu brand Hodo, Inc., marking its entry into the U.S. plant-based food market.

PE-backed frozen food platform MBC Companies has expanded its capabilities with the acquisition of Waller, Texas-based frozen pizza producer Alpha Foods.