Sara Lee Frozen Bakery has signed a definitive agreement to acquire Spokane, Washington-based pie maker Cyrus O’Leary’s Pies. The transaction is the latest in a series of initiatives at Sara Lee Frozen Bakery aimed at growing its presence in the in-store bakery (I.S.B.) category, which began last August with the acquisition of Superior Cake Products, Inc.
Carlsbad, California-based brekki, with a line of dairy-free, ready-to-eat Overnight Oats, announced it has been acquired by the executive team of Cedar’s Foods, a global leader in Mediterranean Foods.
Hormel Foods Corporation has reached an agreement to acquire Texas-based Sadler’s Smokehouse. Sadler’s Smokehouse is a family-owned business that specializes in premium and authentic pit-smoked meats for retail and foodservice customers. Hormel Foods has been a customer of Sadler’s Smokehouse for over two decades.
Dairy Farmers of America to serve as proposed “stalking horse bidder” in a court-supervised sale process for the assets of Dean Foods.
February 18, 2020
Dean Foods Company (“Dean Foods” or the “Company”) today announced that it and certain of its subsidiaries have entered into an asset purchase agreement with Dairy Farmers of America (“DFA”) through which DFA will acquire a substantial portion of Dean Foods’ business operations. Pursuant to the agreement, if consummated, DFA will acquire 44 of the Company’s fluid and frozen facilities and the real estate, inventory, equipment, and all other assets necessary to operate such facilities (the “Stalking Horse Assets”).
Partnership expands cold chain warehousing and supply chain services throughout the imported F&B value chain.
February 8, 2020
Trilogy Warehouse Partners (TWP) has partnered with Refrig-IT, to facilitate continued growth and expansion of its cold chain business. Trilogy Warehouse Partners, based in St. Louis, Missouri, is a leading provider of warehousing and supply chain management services to the food and beverage, consumer, healthcare and industrial markets.
Century Park Capital Partners has completed the sale of The Mochi Ice Cream Company to Lakeview Capital, Inc. The Mochi Ice Cream Company is the leading domestic producer of mochi ice cream, the Japanese-inspired handheld ball of premium ice cream enrobed in soft and pillowy mochi dough.
Herbert supplies sorting and processing equipment for root crops, increasing Key's capabilities.
January 14, 2020
Key Technology, a leading global designer and manufacturer of digital sorting, inspection, conveying and other processing equipment, and a member of the Duravant family of operating companies, has acquired Herbert Solutions, enhancing its portfolio of potato and vegetable equipment solutions.
CEOs have grown more pessimistic about current economic conditions, with only 8% saying conditions are better compared to six months ago, down from 13% last quarter.
October 4, 2019
The confidence level of chief executive officers remained unchanged at 43 in the second quarter of 2019, but declined to a reading of 34 in the third quarter (a reading of more than 50 points reflects more positive than negative responses), according to a study released by The Conference Board, New York.
Check out the January edition of Refrigerated & Frozen Foods: 2020 Refrigerated Foods Processor of the Year, what's new in HPP, blockchain in 2020, the future of hydroponic farming, RFF's 30-Year Anniversary and much more!