M&A
Featured M&A Content
What JPG Resources’ Acquisition of CuliNEX Means for Food Product Development
Food and beverage consulting group JPG Resources is expanding its capabilities and its West Coast presence with the acquisition of food product development consultancy CuliNEX.
CPG Week: Inside Kraft Heinz’s Breakup. Plus, Pepsi’s Energy Drink Plans
In this episode of CPG Week, Nosh managing editor Monica Watrous and senior reporter Brad Avery dig into Kraft Heinz’s separation plans and PepsiCo’s increased investment in Celsius Holdings. The hosts also chat about Pepsi’s warning letter from an activist investor and Huel’s ready-to-drink foray into the red-hot greens category.
The CPG Business Is Changing, But Execs Say Adaptation Won’t Keep Pace
The CPG business is undergoing a shift, but without a crystal ball to determine where the industry will land in a decade from now, we’ll have to rely on recent news and survey responses from those on the front lines.
Additional Content
Watch: Kroger and Albertsons CEOs Take The Stand In Senate Hearing
Senate committee members attempted to extract Kroger and Albertsons’ “side of the story” during a hearing on the $24.6 billion merger. Here are some highlights from the two and a half hour testimony.
Emmi Group Merging Specialty Dairy Businesses Into Darey Brands
Swiss-based Emmi Group is consolidating its Redwood Hill Farm and Jackson-Mitchell dairy producers under a new subsidiary called Darey Brands, formalizes the partnership that the two companies have had in place for the last five years.
Kroger/Albertsons: CEO’s Face Merger Opposition In Senate
The CEOs of Kroger and Albertsons Companies faced intense criticism from the Senate Judiciary Antitrust Subcommittee during a hearing yesterday regarding their proposed merger.
Winn-Dixie Owner Southeastern Grocers Exploring Sale
The Florida-based operator of the Winn-Dixie and Harvey’s supermarkets, is reportedly exploring a sale and is in talks with prospective buyers, furthering concerns of more consolidation in the grocery channel.
Teton Waters, SunFed Combine To Form Grass-Fed Beef Giant
Two leaders in the grass fed meat industry, Teton Waters Ranch and SunFed Ranch, are joining forces to make one of the largest platforms for pastured beef called Grass Fed Foods hoping to capitalize on regenerative agriculture’s demand and move into mainstream channels.
B&G Foods “Actively Seeking” Back to Nature Buyer
B&G Foods is “actively seeking” a buyer for snack brand Back to Nature, stating on this week’s third quarter earnings report that while the brand was performing well enough, the divestment is part of a larger initiative to refocus B&G’s core portfolio and reduce debt.
Albertsons Dividend Payment Restrained Amid State AGs Litigation
Albertsons is working to overturn a temporary restraining order (TRO) “as quickly as possible,” in order to unshackle its ability to divvy up $4 million in special cash dividend payments to shareholders, previously set to be paid on Monday, November 7.
Kroger/Albertsons: State AGs Challenge Pre-Merger Transaction
A group of state attorneys general (AG) are challenging the impending, initial transaction outlined in the Kroger/Albertsons merger agreement – a dividend cash payment totaling nearly $4 billion.
Kroger-Albertsons: Merger Sees Mounting Opposition; Unions React
One week after Kroger’s proposed $24.6 billion deal to merge with Albertsons, opposition is growing amid antitrust concerns from stakeholders and government officials.
Your Super Acquired By New Wellness Platform, The Healing Company
Plant-based superfood brand Your Super announced on Monday it has been acquired by The Healing Company, a new wellness-oriented platform. The announcement marks its first brand acquisition since launching earlier this year.