Between 2011 and 2016, the U.S. energy and sports drink retail market saw an impressive annual growth rate of 7 percent, capping out 2016 with sales of $25 billion, according to the report Energy & Sports Drinks: U.S. Market Trends & Opportunities issued by Packaged Facts earlier this year. This momentum is expected to continue as […]
International producer and marketer of beer, wine and spirits – Constellation Brands, which also happens to be the third largest beer company in the U.S. and parent company to mega-popular brands such as Corona and Modelo- announced its acquisition of Florida craft beer brewer Funky Buddha for an undisclosed amount. Founded in Boca Raton in […]
U.S. frozen food giant Schwan’s Company has made a significant undisclosed investment in Ralco-backed trū Shrimp Systems. Through the investment, the companies have formed a strategic partnership designed to advance land-based shrimp production. Although both companies are based in Marshall, Minnesota, the joining of the two global distribution networks will facilitate the mutual goal of […]
TerraVia, a pioneering producer and developer of algae-based ingredients, has filed for bankruptcy under Chapter 11, and has agreed to a buyout by Corbion, a Dutch ingredients and bio-based product supplier, through a $20 million ‘stalking horse’ stock and asset purchase agreement. “Stalking horse” bids are often used to hold off low bids and to […]
Redwood City, California-based Impossible Foods announced it has raised $75 million in a round led by Singapore’s sovereign wealth fund, Temasek, and including Open Philanthropy Project, Bill Gates, Khosla Ventures, and Horizon Ventures. Building on previous rounds including a $108 million round raised in 2015 that was led by UBS and included Viking Global Investors, […]
Wamda Capital has led a $10.3 million Series A for Kenya-based Twiga Foods – a disruptor of the food and ag supply chain that was launched with the goal of resolving the fragmentation in the produce market in order to generate value and returns for producers, vendors, and consumers. Other investors in the round, which […]
Montreal-based Champlain Financial has acquired Riverside Lobster International for an undisclosed amount. Moving forward the firm plans to merge the company with its existing portfolio company Chéticamp Fisheries International Inc. to create an industry giant with annual sales of C$175 million (US$140 million). The merging of the two companies will not only create a leader […]
South African-based pelagic, aquaculture, and natural foods business, TerraSan is soon to close on the acquisition of canned fish company Saldanha Group and is investing in a strategic expansion in the aquaculture sector. Backed by South Africa’s Trustee Board Investments, TerraSan is reported to have agreed to pay US$35.5 million for Saldanha, who’s pelagic business […]
Global healthcare and wellness group Otsuka Pharmaceuticals has agreed to acquire Canadian plant-based food innovator and producer, Daiya Foods, for an impressive C$405M (US$325.5 million.) Otsuka Group operates on a global scale and in the U.S. and Canadian markets where it produces “…new products for better health worldwide,” including the popular Nature Made vitamin line. […]
Japanese food giant Ajinomoto announced that it has strengthened its position in the European consumer foods market with the acquisition of Labeyrie Traiteur Surgelés (LTS) – a French frozen food business. And although the company declined to disclose the purchase amount, the deal values the company at 21 million Euro (US$24.5 million). LTS is a […]
