M&A

In a push to help pay off long-term debt, B&G Foods is selling two of its tomato products brands – Don Pepino and Sclafani – to Violet Foods LLC, a newly formed portfolio company.

Swiss food group FoodYoung Labs has acquired California-based food tech company MeliBio, seeking to expand its plant-based honey technology. The transaction includes MeliBio’s consumer brand, Mellody, and its “Generation 1” technology, along with related IP.

Michigan-based manufacturer Birmingham Chocolate announced it has acquired one of its customers – sugar-free, dark chocolate brand Macalat.

Longtime CPG investor Emil Capital Partners is now ECP Growth, as the private equity firm used the $100 million closing of its Fund IV yesterday to reveal its new name and strategy.

The CPG Week podcast dives into Chobani’s acquisition of Daily Harvest, Kettle & Fire’s new manufacturing plant and the surge of protein beverages.

Plant-based smoothie and meal maker Daily Harvest has been acquired by Greek yogurt giant Chobani. Terms of the deal were not disclosed.

As Ibraheem Basir, founder and CEO of A Dozen Cousins, began to strategize his business’ next stage of growth, there was one major capability on his mind, and the route to secure it was poised to provide much more support than someone simply cutting a check.

On this episode, the CPG Week podcast team digs into the declines of two prominent plant-based brands before discussing the acquisitions of Mary’s Gone Crackers and Kate Farms. Next, the hosts highlight the latest celebrity to launch a coffee brand. (Maybe a hot sauce would have been more appropriate?).

A Dozen Cousins announced today it has been acquired by rice and bean manufacturer Verde Valle Foods, the U.S. subsidiary of Verde Valle.

VMG Partners closed its sixth fund at its “target and hard cap” of $1 billion, the growth equity firm announced today. VMG Partners VI, L.P. (VMG Consumer VI) is backed by returning and new limited partners, according to general partner Robin Tsai.