Sysco announced today it has entered into an agreement to acquire Greco and Sons, a leading independent Italian specialty distributor in the United States from Arbor Investments and the Greco family. Greco and Sons operates 10 distribution centers servicing 22 geographies nationwide, with approximately $800 million in annual revenue.
ARYZTA has completed the disposal of the equity and assets of its North American business in the USA and Canada to an affiliate of Lindsay Goldberg LLC for $850 million.
Lineage Logistics – the world’s largest temperature-controlled industrial REIT and logistics solutions provider—has acquired Quebec-based Marc Villeneuve Inc.
Private equity firm Brynwood Partners has acquired De Wafelbakkers from the Oklahoma Publishing Company, a subsidiary of the Anschutz Corporation. Terms and conditions of the deal are not being disclosed.
SpartanNash announced it has realigned its BRT Indianapolis and Managed Freight Minnesota teams into one organization and rebranded as SpartanNash Logistics. The centralized third-party transportation logistics solution will enable SpartanNash to better serve its more than 150 corporate-owned retail stores in nine states, independent and national account customers nationwide, U.S. military commissaries and exchanges and third-party logistics customers.
ARYZTA announces it has signed a definitive agreement to sell 100% of the equity and assets of its North American business in the USA and Canada to an affiliate of Lindsay Goldberg LLC for a total enterprise value of $850 million in cash. The transaction is expected to complete by the end of ARYZTA’s current 2021 financial year and is subject to closing conditions customary for this type of transaction.
Global packaging leader TricorBraun announced today that it has acquired Quebec-based RODA Packaging, further expanding its presence in Eastern Canada. Serving customers for nearly 40 years, RODA is a rigid packaging distributor specializing in the chemicals, sealants, and adhesives markets; it also serves the nutraceuticals, juices, and dry condiments and spices segments. As part of the RODA acquisition, TricorBraun will also acquire Rada Industries.
Stir Foods, a leading custom manufacturer of soups, sauces, dressings, and fresh salsas for retail, industrial, and foodservice customers, has acquired Lancaster Fine Foods, a private label and contract manufacturer of custom sauces, dressings, and condiments for retail, industrial and foodservice customers. Lancaster operates a 100,000-square-foot Safe Quality Food (“SQF”) manufacturing facility in Lancaster, Pennsylvania, with the ability to expand into 200,000 square feet of total space.
Dan Powers, President and CEO of Fisher Construction Group recently announced that agreements have been completed to acquire the personnel and assets of All Surface Roofing & Waterproofing of Spokane. The new division will be called Fisher Roofing Services. All Surface’s parent company of Santa Ana, CA is not part of the acquisition, and will continue operating as a separate company.
Danone and Earth Island, maker of Follow Your Heart brands and a pioneering leader in plant-based foods, today announced that they have entered into a share purchase agreement under which Danone will acquire 100% of the shares of Earth Island. With a proven track record of growth and innovation, and a long-term commitment to nutrition, sustainability and environmental stewardship, Earth Island represents a strong cultural fit with Danone and provides Danone with a unique opportunity to strengthen its plant-based business.
