Firmenich, the largest privately owned flavors and fragrances business in the world, announced it has acquired New Jersey-based organic and natural flavors business Natural Flavors for an undisclosed amount. Founded in Geneva, Switzerland, in 1895, Firmenich is a leader in the global flavors and fragrances industry, committing 10 percent of its annual 3.3 billion Swiss […]
Hershey has expanded its position in the snacking market with the acquisition of Amplify Snack Brands Inc. for $12 per share, or $1.6 billion. The all-cash deal is indicative of the strategic plan of consolidation in the face of dwindling returns and expanding beyond chocolate for new Hershey CEO Michele Buck following Hershey’s rejection of […]
New Brunswick, Canada-based seafood giant Cooke Aquaculture has announced its largest deal to date in the U.S. with the acquisition of Omega Protein, a Houston, Texas-based fishing company that sources omega oils and nutritional proteins, for $22 per share, or $500 million. “It’s the single largest acquisition [our] company has ever made,” Joel Richardson, vice-president of […]
Canada’s largest single-profession pension fund – the C$180.5 billion Ontario Teachers Pension Plan (Ontario Teachers) – announced its acquisition of Jasper Farms – the second largest avocado producer in Australia. Financial terms of the deal were not released, however it is reported to be valued at approximately $180 million. “The acquisition of Jasper Farms underscores Ontario Teachers’ […]
Campbell Soup Company announced it has agreed to acquire leading snack company Snyder’s-Lance for $4.87 billion in cash. Campbell Soup plans to finance the transaction via a combination of long and short-term debt totaling $6.2 billion. The deal marks the largest acquisition in Campbell Soup’s history, and underscores the continuing strategy by major CPG companies […]
Real Estate Investment Trust (REIT) Gladstone Land announced it has acquired a California organic almond orchard for $5.9 million. At the same time, the company announced that it has successfully expanded its current credit facility arranged with Metropolitan Life Insurance Company from $200 million to $275 million. “We are pleased to announce the addition of […]
India and Singapore-based e-commerce tea startup Teabox announced it has raised $7 million through a Series B led by Singapore-based RB Investments, and including existing investors and venture debt provided by DBS Bank Ltd. However, the company is reportedly in talks with additional investors for a $3 million extension to the round. Previous investors in […]
California Olive Ranch (COR), the largest olive oil producer in the U.S., has raised $35 million through a funding round that marks the largest round ever raised in the domestic U.S. olive oil category. The round was led by a “major U.S.-based institutional investor” and included existing investors in the company. Founded in 1998, COR […]
Texas-based dairy-free ice cream maker NadaMoo! announced it has successfully completed a $4 million Series A led by Canadian impact and mission-based investment firm InvestEco. Other investors in the round include District Ventures Capital, Rugen St. Capital, Working Lab Capital, and other unnamed like-minded backers. Founded in 2004 by the Nicholson family, NadaMoo! produces dairy-free, […]
Plant-based meat alternative producer Beyond Meat announced the successful raising of an additional $55 million to support the company’s strategic goal of tripling production. The round was led by venture capital firm Cleveland Avenue, which was founded by former McDonalds CEO Don Thompson, and included repeat investor Tyson Foods. In October of last year, Tyson, […]
