M&A

Global confection leader Nestle announced this week that it has agreed to acquire Canadian vitamin maker Atrium Innovations, the parent company of functional food and supplement brand Garden of Life, for $2.3 billion in cash. The transaction is expected to close early next year.

Mexico-based Arca Continental, the parent company of Wise Snacks and the second largest Coca-Cola bottler in Latin America, announced on Monday that it is acquiring mission-driven chip producer Deep River Snacks.

The Salem, Mass.-based company announced last week that it acquired five-year-old Cocoa Santé, an all-natural line of organic hot cocoa mixes with a budding presence in grocery. Terms of the deal were not disclosed.

A week after finalizing the purchase of meat alternative company Sweet Earth, Nestlé USA today announced it’s widening its coffee portfolio with the acquisition of Chameleon Cold-Brew for an undisclosed sum.

When your company sells for millions just three years after its inception, you must have done something right. For Peter Rahal, RxBar co-founder, president and CEO, that success was directly tied to one thing: never thinking about selling his company.

While specialty baking ingredients and inclusions provider Parker Products may specialize in short-term production runs, the Riverside Company is betting on the business as a time-honored investment.

Ganeden president Michael Bush explained to NOSH why he decided to trust his gut with his decision to sell the leading probiotic company to Irish global nutrition and food conglomerate, Kerry.

While Steve Savage has been bringing environmentally friendly brands to the table for decades, it wasn’t until recently that they were the kind you could eat. The former CEO and founder of Eco-Products, Savage recently focused his attention on consumer products, backing better-for you brands under the corporate name 1908 Brands. But cleaning up in the food aisle has been more arduous than Savage expected, and as a result, 1908 has decided to take some time to digest.

Toosum Healthy Foods announced last week its acquisition of KUTOA, a non-GMO, vegan nutrition bar company. Terms of the deal were not disclosed. Toosum founder Peter Guyer told NOSH that Grassia will remain “very involved” with the business and will have minority ownership. Currently Garcia is focused on helping the two brands come together and continuing to build customer relationships with new and existing retailers.

Tuesday morning, ECRM announced the acquisition of tech company RangeMe, a software that allows buyers to discover new CPG products based on specific criteria.