Articles Tagged with ''mergers and acquisitions''

Rosina Food Products, Inc., announced its acquisition of the Mama Lucia brand of frozen retail meatballs from Quaker Maid Meats, Inc.  

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.

Fortune Fish & Gourmet, a leading processor, distributor and importer of seafood, meats, and gourmet products, has acquired CCT Logistics, a Theodore, Alabama-based 68,000-square-foot cold storage facility. Terms of the transaction were not disclosed.

Kombucha brand Health-Ade announced longstanding partner First Bev has acquired a controlling stake in the company, with investment help from Manna Tree. Daina Trout, who co-founded Health-Ade in 2012, has taken on the new role of Chief Mission Officer and will work in partnership with Jack Belsito, Managing Partner of First Bev, who will assume the role of CEO. Daina and Jack will be working to cultivate further growth for the fast-growing business, capitalizing on increasing consumer demand for gut-healthy products and expansion opportunities in retail accounts domestically and internationally. 

Cargill, Continental Grain Company, and Sanderson Farms have reached a definitive agreement for a joint venture between Cargill and Continental Grain to acquire Sanderson Farms for $203 per share in cash, representing a total equity value for Sanderson Farms of $4.53 billion. The purchase price represents a 30.3% premium to Sanderson Farms’ unaffected share price of $155.74 on June 18, 2021, the last full trading day prior to media speculation about the potential sale of Sanderson Farms; a 22.8% premium to the Sanderson Farms 30-day volume weighted average price as of June 18, 2021, and a 15.2% premium to the all-time high share price as of June 18, 2021. Upon completion of the transaction, Cargill and Continental Grain will combine Sanderson Farms with Wayne Farms, a subsidiary of Continental Grain, to form a new, privately held poultry business.

Lineage Logistics has acquired Hanson Logistics, one of the largest cold storage organizations in the Midwest. Hanson currently ranks as the twelfth largest temperature-controlled warehousing and logistics provider in North America, according to the International Association of Refrigerated Warehousing (IARW).