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.
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.
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.
Nestlé announced it has acquired Freshly, one of the leading fresh-prepared meal delivery services in the U.S. The deal values Freshly at $950 million, with potential earnouts up to $550 million contingent to the successful growth of the business. This transaction was signed and closed on October 30, 2020. Founded in 2015, Freshly delivers a menu of fresh, chef-cooked meals to customers across the country, breaking down the barriers to healthy eating by delivering nutrition and convenience at scale.
Deal includes three Kraft Heinz cheese plants and a distribution facility, plus 750 staff shifting to Lactalis.
September 21, 2020
Lactalis Group has entered into a definitive agreement for the acquisition by its U.S. affiliate of Kraft Heinz’s Natural, Grated, Cultured and Specialty cheese businesses in the U.S., Grated cheese business in Canada and entire International Cheese business outside North America. With this acquisition, Lactalis will acquire a portfolio of iconic, strongly-positioned brands that include Cracker Barrel, Breakstone’s, Knudsen, Polly-O, Athenos, Hoffman’s and, outside the U.S. and Canada only, Cheez Whiz. In addition, Kraft Heinz will partner with Lactalis on a perpetual license for Kraft in Natural, Grated and International cheeses and Velveeta in Natural and International cheeses.
Check out the December 2020 edition of Refrigerated & Frozen Foods: Cold Foods Processors to Watch in 2021, McCain Foods adapting and expanding, cold facility flooring, cold food safety regulations for 2021 and much more!