M&A

After announcing a serving agreement for its credit offerings in March, fintech platform Brightflow has acquired the remainder of lender, investor and software platform CircleUp with an eye on further monetizing AI-driven data and insights platform Helio.

Campbell Soup Company offloaded its nut and trail mix brand Emerald Nuts to Minneapolis-based, private label manufacturer Flagstone Foods on Tuesday for an undisclosed amount as the legacy soup company prioritizes its more successful snacking labels.

Wicked Kitchen has acquired plant-based “raw” seafood provider Current Foods, a transaction that deepens the company’s food service offerings and grows its portfolio of plant-based products following its 2022 acquisition of Good Catch. Exact terms of the non-cash deal were not disclosed.

Happy Moose Juice has acquired Growers’ Refrigeration in a deal that both solved its own refrigerated storage issues and those of cold-chain CPG brands in the region where capacity has historically been hard to find.

Opposition surrounding the proposed merger between Kroger and Albertsons continues to mount, as the leading grocery giants are fighting legal action from their own customers.

Italian food importer, distributor and producer Colavita has acquired California-based O Olive Oil & Vinegar for $6.23 million, giving Colavita another foothold in the domestic olive oil and wine vinegar category.

The NOSH team gets fooled by fake CPG products, discusses the FDA’s recent announcements concerning “healthy” food labeling and Grass Fed Foods CEO Jeff Tripician talks to Lukas about merging small businesses better compete with conventional producers.

Investment firm Monogram Capital has sold meat snack producer Western Smokehouse to AUA Equity Partners, a deal that Monogram co-founder and partner Jared Stein proves out the firm’s thesis of heavily investing in supply chain-oriented companies.

Marketing supplier Catalina announced it was restructuring its debt under Chapter 11 Bankruptcy Code and in the process selling its Japan-based unit to “strengthen its balance sheet.”

EnWave Corporation has sold its Moon Cheese snack brand to Creations Foods along with a royalty-bearing commercial license agreement to produce cheese snacks in the U.S. as the food drying technology company strategically focuses from retail CPG to licensing partnerships.