M&A
Featured M&A Content
Why Keep It REAL Is Building A New Business Model
Keep It REAL Foods is betting that vertical integration is the key to unlocking longevity for a quintet of founder-led companies that it recently brought together under the newly established moniker.
Hi-Chew Parent Co. Morinaga Acquires My/Mochi Ice Cream
Morinaga & Co., the holding company of global confectionery manufacturer Morinaga, Inc., has entered into a definitive agreement to acquire My/Mochi Ice Cream for an undisclosed amount.
Tastee Apple Acquires Art of Sucre
In an act of confectionery consolidation, candy apple maker Tastee Apple Inc. has acquired cotton-candy brand Art of Sucre, bringing a “social-first” next-gen brand under the stewardship of a legacy sweets manufacturer.
Additional Content
SPAC Meets Snacks: Stryve Goes Public, Seeks to Build Snacking Platform
Biltong brand Stryve Foods announced plans to go public on the NASDAQ through a business combination with Andina Acquisition Corp III, a publicly-traded special purpose acquisition company (SPAC). The new company is valued at $170 million, and will be listed on the NASDAQ under the ticker symbol SNAX. Stryve’s goal, the company said, is to become a snacking platform that can exist across categories.
High Road Acquires Three Twins Brand, Will Relaunch as More Premium Offering
High Road ice cream founder Keith Schroeder said his company has acquired the organic ice cream brand’s name and other assets; the brand deal follows a November purchase of the company’s Wisconsin manufacturing plant.
Veggiecraft Farms Sold
Dip and salad dressing brand Litehouse Foods is ready to expand beyond the produce section after announcing today that it had completed the acquisition of pasta alternative company Veggiecraft Farms in July. Terms of the deal were not disclosed.
Covet PR Acquired, CEO Says Traditional PR Is ‘Broken’
This week Covet PR, a public relations firm focused on CPG and wellness, announced it had been acquired by digital marketing company Power Digital. The firm, which was founded by Sara Brooks in 2014, will now be known as the Covet Consumer Business Unit, with Brooks taking on the role of President.
Deal Roundup: Verlinvest and JamJar Invest in Tony’s Chocolonely, Cedar’s Foods Executives Acquire brekki
Investment firms and large food producers are seeing promise in better-for-you brands — and putting their dollars behind them. In recent deals, Verlinvest and JamJar invest in chocolate brand Tony’s Chocolonely, Cedar’s Foods acquires overnight oats brand brekki, Hodo closes a Series B investment from Renewal Funds and more.
My/Mo Mochi Producer Sold to Lakeview Capital
Frozen dessert producer The Mochi Company, producer of My/Mo Mochi, was acquired today by an investment fund managed by Lakeview Capital, Inc, a Michigan-based family office. Terms of the deal were not disclosed.
The Chefs’ Warehouse Acquires Sid Wainer & Son
Specialty food distributor The Chefs’ Warehouse announced Thursday its acquisition of specialty wholesaler Sid Wainer & Son, a deal expected to generate approximately $180 million in annual net sales.
IFF and DuPont to Become a $45B Ingredient Powerhouse
Two ingredient development and innovation companies are joining forces: International Flavors & Fragrances (IFF) and DuPont Nutrition & BioSciences announced yesterday that the two will merge via a $26.2 billion deal.
Deal Roundup: BIGR and Obvious Ventures Invest in CBD Startups
The past few weeks have seen multiple investments in the red hot CBD space from existing CPG investment firms, as well as deal news in other trending categories such as alternative protein and the frozen food aisle.
Tea Time: Yogi Tea Acquires Choice Organic
Yogi Tea CEO Giancarlo Marcaccini sees a bright future for mellow moments. Owned by East West Tea Company, Yogi last week announced its acquisition of Choice Organic Teas.