As part of the transaction with Sodiaal, which was initially announced in March, General Mills acquired full ownership of the Canadian Yoplait business.
The Kraft Heinz Company has completed the sale of certain assets in its global cheese business and the license of certain trademarks to an affiliate of Groupe Lactalis for total consideration of approximately $3.3 billion.
Préval AG, an international agri-food company headquartered in Quebec, has acquired the assets of J&G Foods, located in Sutton, Massachusetts. J&G is a custom and specialty case-ready fresh meat provider specializing in portioned organic and grass-fed beef, organic and natural chicken, natural pork and beef, and a variety of marinated and value-added meats.
CoolSys has expanded it market presence through the acquisition of Triangle Refrigeration, a leading provider of commercial HVAC, refrigeration, plumbing, and monitoring services in Pennsylvania, Maryland, New Jersey, and New York.
Sabrosura Foods, LLC, a marketer and distributor of branded Hispanic food products, has acquired Pancho's Mexican Foods, Inc. Pancho's will join the Sabrosura Foods family of well-known brands, which include: El Viajero, La Morenita, Reynaldo's and Bio Salud!
Vertical Cold Storage, a developer and operator of temperature controlled distribution centers sponsored by real estate asset manager Platform Ventures, is acquiring Liberty Cold Storage from West Liberty Foods. The terms of the transaction are not public.
North America’s largest greenhouse lettuce grower, Revol Greens, has acquired BJ’s Produce, operating under the widely recognized Living Fresh brand, in Athens, Georgia, to establish its first East Coast greenhouse operation.
BelGioioso Cheese has entered into an agreement to acquire Polly-O, the historic cheese brand founded in 1899, for an undisclosed purchase price from the Lactalis Group. The Polly-O brand of cheese will expand BelGioioso’s footprint in the dairy category in addition to its existing Casaro brand. Last year, Polly-O achieved net sales of roughly USD $177 million.
Saputo has completed the acquisition of the Carolina Aseptic and Carolina Dairy businesses formerly operated by AmeriQual Group Holdings. These businesses, which join Saputo’s Dairy Division (USA) under its USA Sector, are conducted at two facilities in North Carolina and employ approximately 230 people. The purchase price of US$118 million (approximately CDN$149 million), on a cash-free and debt-free basis, was paid in cash at closing.
