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.
Misha’s, a California plant-based dairy alternative company announced it closed a $3M seed round led by investors JAY-Z’s Marcy Ventures Partners Fund II, L.P., a firm with a passion for building game-changing consumer businesses, Lisa Shamus & Partners, a leader in innovative branding and licensing, and Chris Paul, 11-time NBA All-Star and businessman who seeks opportunities that accelerate social change and sustainably build a fair, equitable society.
Amy’s Kitchen, maker of organic and plant-based foods, has hired Ritu Mathur as the company’s new Vice President of Marketing. In this role, Ritu will be critical in developing an integrated customer- and consumer-centric marketing division to help Amy’s continue to grow its brand.
Lightlife is partnering with Canadian quick-serve restaurant chain Pizza Pizza, adding Lightlife's plant-based chicken items for the first time, including a Lightlife Plant-Based Chick’n Sandwich and Plant-Based Chick’n Bites.
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.
Thermo King announced that it will invest more than $100 million over the next three years to deliver a fully electric product in every segment of the cold chain by 2023.
North Carolina Ports has reached an agreement with Cold Summit Development to build a 280,000 square foot multi-suite cold storage facility located on the Ports Raleigh Street property. The facility would offer 40,000 pallet positions and could house a broad range of product categories, including pork, poultry, produce, grocery as well as life sciences at temperatures ranging from negative 20 degrees Fahrenheit to 57 degrees Fahrenheit.
Coconut is growing in popularity as an ingredient in many products and foods, projected to reach $3.1B globally by 2026. Yet, many people don’t have an understanding of where—or who—these coconuts come from or the issues they face. That’s why So Delicious Dairy Free is debuting the Good People Loop program, which supports coconut farmers in its supply chain.
Tyson Foods will invest $300 million to construct a 325,000-square-foot, state-of-the-art production facility in Cane Creek Centre, an industrial park jointly owned by the City of Danville and Pittsylvania County in Virginia. The new facility will be used primarily for the production of fully cooked Tyson products like Any’tizer Snacks and Chicken Nuggets. The company has committed to purchasing 60 million pounds of Virginia-grown chicken over the next three years. Virginia successfully competed with North Carolina for the project, which will create 376 new jobs.
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