M&A

Plant-based poultry producer Daring Foods has been acquired by Australian alt-protein company v2food, with backing by Ajinomoto Co, Inc. Financial terms of the transaction were not disclosed. Jeff Gendelman, CEO of Daring Foods, told Nosh the partnership will leverage the scale and frozen food expertise of Ajinomoto and the proprietary protein technology of v2food, bringing the brand into new protein formats and meal occasions across retail and foodservice channels.

The clock is ticking on a potential acquisition by Danone of kefir category leader Lifeway, as the French dairy giant is pressuring company leadership to again discuss a deal that has already been attempted twice in the past year.

Schuman Cheese and GOOD PLANeT Foods have entered into a joint venture, GPV Foods, to scale their respective plant-based cheese businesses.

Another B&G Foods brand has left the stable. The New Jersey-based conglomerate announced the sale of the Le Sueur brand of premium canned sweet peas, green beans and carrots to McCall Farms, Inc. as part of its ongoing portfolio restructuring.

On the CPG Week podcast, Nosh managing editor Monica Watrous and senior reporter Lukas Southard discuss Keurig Dr Pepper’s acquisition of Dyla Brands, the legal drama surrounding veteran-owned Black Rifle Coffee Company, and formation of a new collective advocating for higher standards across the food system, and the challenges and triumphs of dehydrated fruit company BranchOut Food.

Benford Capital Partners-owned Turri’s Italian Foods has acquired Joseph’s Gourmet Pasta from LaSalle Capital in a deal announced on Tuesday.

Starco Brands has executed a letter of intent to acquire its contract manufacturers, The Starco Group (TSG), aiming to create a vertically integrated CPG platform.

Private equity firm Warburg Pincus today announced it has agreed to acquire FlavorSum, a supplier of natural flavors and extracts, from global investment firm The Riverside Company. Financial terms were not disclosed.

Tia Lupita founder Hector Saldivar emphasized to Nosh the potential market opportunity the legacy player sees in the better-for-you Hispanic food market and the validation and efficiencies this deal will provide.

On the CPG Week podcast, Nosh managing editor Monica Watrous and senior reporter Brad Avery discuss the acquisitions of Tia Lupita and Health-Ade Kombucha, new directions for the biggest beverage makers, and how Hero saved the day when Whole Foods ended its supply agreement with BetterBrand.