M&A

Ferrero Group has agreed to acquire Purely Elizabeth, following months of speculation that the better-for-you granola brand was exploring a sale. Financial terms of the transaction were not disclosed.

Rise Baking Company has completed its acquisition of wholesale supplier Jimmy’s Gourmet Bakery, expanding its cookie portfolio and adding manufacturing capacity in the Northeast as the commercial bakery company continues to grow through acquisitions.

Kodiak has taken the slow road to surging past its competitors, but with the backing of L Catterton, the protein-packed food company is quickly gaining ground on legacy competitors across an array of categories.

Cheese manufacturer Sargento announced it has entered into a definitive agreement to acquire dips, spreads and quiches producer La Terra Fina.

German cookie manufacturer Griesson ‑ de Beukelaer (GDB) announced its acquisition of Madison, Miss.-based DeBeukelaer Corporation (DBC), which produces the Pirouline brand of creme-filled rolled wafer cookies.

Unilever and McCormick have mapped out their marriage as the proposed $45 billion merger progresses with closing expected in mid-2027.

This week on the podcast, Nosh managing editor Monica Watrous and senior reporter Lukas Southard discuss Utz Brands’ $2.9 billion acquisition by Germany’s Intersnack Group and Sèchey’s decision to exit brick-and-mortar retail in favor of a technology platform. The hosts also chat about Final Boss Sour’s $4 million funding round and Yerba Madre’s leadership transition.

Starco Brands announced today it has acquired manufacturing powerhouse Custom Bakehouse. The transaction will support the company’s vision to build an “fully integrated” CPG platform.

Beyond the top-line trends, the Q2 2026 Food, Beverage & CPG Financing report from Northhall explores how today’s investment activity reflects broader changes across the food, beverage, and CPG ecosystem.

Utz Brands has agreed to be acquired by Germany-based Intersnack Group in a transaction valued at approximately $2.9 billion, marking one of the largest cross-border snack deals in recent years and underscoring the continued appeal of U.S. packaged food brands to global buyers.