M&A

Vertical farming company AeroFarms announced it has been acquired by an affiliate of Palm Ventures, an Austin- and Greenwich-based family investment office.

This week on the podcast, Nosh managing editor Monica Watrous and senior reporter Brad Avery discuss why analysts are bullish on the meat snack category, plus a new premium coconut water brand founded by Tom Brady. The hosts also talk about the strategy behind Morinaga’s acquisition of My/Mochi and an investigation into Celsius Holdings over marketing to minors.

Huel Lite Hot and Savory Ramen is currently available only in the United Kingdom with a wider European launch planned for later this summer in four flavors

Second Nature Brands is expanding into the meat snacks category with the acquisition of Tillamook Country Smoker from Insignia Capital Group and family shareholders.

According to the Wall Street Journal, Ingredion will pay £5.95 (roughly $7.94) per share of Tate & Lyle, representing a 59% premium to the British company’s last closing price before the M&A discussions were disclosed in May.

Morinaga’s acquisition of My/Mochi gives the company a ready-made vehicle in the fast-growing frozen snack category, as well as greater distribution muscle to scale its other brands.

This week on the podcast, Nosh managing editor Monica Watrous and senior reporter Lukas Southard discuss Trek One Capital’s acquisitions of Good Karma Foods and No Cow. The podcasters also highlight the latest funding announcements, including a new investment for a celebrity-backed supplement brand.

Trek One Capital is expanding its holdings in plant-based CPG with a pair of acquisitions: flax milk brand Good Karma Foods and protein bar maker No Cow.

Heartland Food Products Group announced its intention to acquire the Americas business of Whole Earth Brands, makers of Equal.

Bel North America’s acquisition of Ingenuity Foods earlier this month represents a first step toward creating a better-for-you snack platform.