Powerful Nutrition and MMG Consumer Brands have come together and rebranded as Powerful Brands, dedicated to bringing unique, bold, and innovative consumer products to market. Powerful Brands boasts a growing portfolio of health and wellness brands including Powerful Nutrition (formerly Powerful Foods), offering high-protein foods, drinks, and dietary supplements to fuel active lifestyles; and MMG's hemp-derived CBD brands – KARIBO Beauty and mintedLeaf - found in food, drug, and mass stores.
SÜDPACK has acquired LPF Flexible Packaging B.V. (“LPF”) from the Clondalkin Group. The company, located in Grootegast, the Netherlands, is a leading manufacturer of high barrier films for sensitive products. LPF was founded in 1907 and has long-standing experience in the development and production of packaging materials. For SÜDPACK, the acquisition is a further key element in its long-term growth strategy.
Lineage Logistics announced the acquisition of Cryo-Trans, North America’s leading provider of refrigerated and insulated railcars and rail management solutions. This industry-first partnership creates a uniquely comprehensive and seamlessly integrated supply chain solution for food and beverage customers. Financial terms of the transaction were not disclosed.
NaturalShrimp, an aquaculture company which has developed and patented the first commercially operational Recirculating Aquaculture System (RAS) for shrimp, announced the acquisition of assets for Alder Aqua, formerly known as VeroBlue Farms in Webster City, Iowa, including but not limited to the real property, equipment, tanks, rolling stock, inventory, permits, customer lists, contracts and other such assets used in the operation of the business.
Almark Foods and Michael Foods, a subsidiary of Post Holdings, announced that they have entered an agreement for the sale of Almark Foods. The transaction is set to be completed by Q1 of 2021.
Mastronardi Produce--parent company of Sunset fruits and vegetables--has sold its 187,392-square-foot dry and cold storage warehouse facility in Laredo, Texas, to BH Properties in a short-term sale leaseback transaction. The 132-door cross dock facility is the first asset in Laredo for BH Properties, a real estate investment firm which has approximately 20% of its 10 million-square-foot commercial and industrial real estate portfolio in Texas.
Caribé Juice, maker of cold-pressed, HPP'd Caribbean fruit and veggie juices, has acquired WTRMLN WTR, maker of watermelon juice sourced from "ugly fruit", typically discarded by the food industry.
Crave Better Foods, makers of Chipwich ice cream cookie sandwiches, is pleased to announce the merger of the SOLERO organic fruit bar business from Iris Brands into its operations. The merged businesses will operate out of Crave Better Foods' home base of Connecticut. The transaction will create a partnership between Crave Better Foods and Josh Hochschuler and Steve Gill, the founders of Iris Brands and Talenti Gelato & Sorbetto. The terms of the combination are not being disclosed.
Fresh From Texas, a San Antonio-based business, has acquired the manufacturing plant of CeCe’s Veggie Co., located in Austin, Texas. The purchase of the manufacturing facility increases Fresh From Texas’ production capacity enabling continued expansion into new avenues for growth in the refrigerated, premium product lines of high-quality, hand-crafted plant-based meal solutions. As part of the agreement, Fresh From Texas will continue to produce the CeCe’s varieties of spiralized vegetables in the Austin facility.
GeeFree Foods, a leading frozen food innovator in the gluten-free industry has been acquired by premier New Jersey food manufacturer, The Fillo Factory, Inc.
