M&A
Featured M&A Content
Good Culture Eyes $1B Future With Catterton-Added Capacity
As cultured dairy brand Good Culture comes under the wing of PE firm L Catterton, the opportunities that have been sitting on the horizon are now within reach.
Campbell’s To Acquire Rao’s Sauce Maker
Campbell’s is doubling down on its bet on Rao’s, announcing during its first-quarter earnings call today it will acquire a 49% stake in the brand’s long-term producer, La Regina, for $286 million.
Stockeld Dreamery Sells Assets To Bettani Farms
Stockeld Dreamery has offloaded a portion of its assets to plant-based food tech entity Bettani Farms, formerly known as Climax Foods.
Additional Content
Whole Foods Evolves As Natural Merges Into Mass
Amazon is planning to absorb all 100,000 Whole Foods employees, including frontline staff, into its core business structure, per a report this week from Business Insider.
CPG Week Podcast: High Hopes For Hemp Beverages. Plus, TreeHouse Foods’ Lofty Exit
This week on the podcast, Nosh managing editor Monica Watrous and senior reporter Lukas Southard chat about the acquisition of TreeHouse Foods, the regulatory outlook for hemp beverages, a new verification standard for non-ultraprocessed foods, and Lucky Energy’s latest funding round.
TreeHouse Foods Acquired In $2.9 Billion Deal
One of North America’s largest private label food and beverage manufacturers is set to become a private company. TreeHouse Foods will be acquired by an independently managed investment subsidiary of Investindustrial VIII in an all cash transaction for a total enterprise value of $2.9 billion, the companies announced today.
CPG Week Podcast: Unpacking the Acquisitions of Caulipower and Justin’s
This week on the podcast, Nosh managing editor Monica Watrous and senior reporter Lukas Southard chat about the acquisitions of Caulipower and Justin’s by private equity firms, Keurig Dr Pepper’s new $7 billion investment, and new funding for popped sorghum startup Cob.
Spanish Co-Manufacturer Sets Roots In U.S., Acquires Fresca Foods
Spanish food company Cerealto has natural foods manufacturer Fresca Foods for an undisclosed amount, establishing its first U.S. foothold.
Taylor Farms Expands In U.K. With Acquisition
Packaged salad producer Taylor Farms is expanding its global footprint with the acquisition of Natures Way Foods, a fresh prepared food manufacturer based in Chichester, England. Financial terms of the transaction were not disclosed.
Pizza Co-Manufacturer Urban Farmer Acquires Caulipower
Urban Farmer, a manufacturer of branded and private label specialty dough products, announced today its acquisition of gluten-free frozen foods brand Caulipower, best known for its cauliflower crust pizzas.
Inside the Justin’s Deal: Predicting Its Future Under Forward Consumer Partners
Nut butter and confection company Justin’s will soon return to private ownership, a move that incoming CEO Peter Burns – who previously served as CEO from 2014 to 2016 – believes will “unlock the true potential of the brand.”
CPG Week Podcast: It’s Time For Recess. Plus, A Bourbon Brand On the Block
This week on the podcast, Nosh managing editor Monica Watrous and senior reporter Brad Avery talk about Recess’ new funding round and leadership addition, a premium bourbon brand on the block, and new cash for Robert Downey Jr.’s coffee brand. The podcasters also discuss the closure of an alt-cheese maker and the surge in demand for gummy formats in supplements and in candy.
Forward Consumer Partners Buys Justin’s From Hormel
After nearly a decade under the ownership of massive protein company Hormel Foods Corp., Justin’s – the nut butter and confection company started by entrepreneur Justin Gold in 2004 – is coming back under private ownership, with Gold and former CEO Peter Burns returning to the company.