Young American Food Brands Acquires Best Provision Co., Expanding Premium Meat Offerings

Young American Food Brands has announced its fourth acquisition since 2022 with the purchase of Best Provision Co., an 87-year-old pioneer in premium smoked and cooked meats.

Since 2022, Young American has steadily expanded its portfolio with the acquisitions of Hofmann Sausage, Brooklyn Burger, and Devault Foods. The addition of Best Provision further strengthens the company’s position in the premium meat category, particularly in the fully cooked and smoked segment.

A respected industry leader with deep roots in the community...

Baldor Specialty Foods Acquires Golden Packing, Launches Golden Meat Co.

Baldor Specialty Foods announced today the acquisition of Golden Packing, a premium meat company based in the Hunts Point Cooperative Market. As part of the acquisition, the business will operate under a new name: Golden Meat Co.

This strategic move aims to vertically integrate Baldor’s meat processing operations by combining its high-end sourcing capabilities with Golden’s expert butchering—all while preserving the brand’s established reputation for quality.

With this acquisition, Baldor expands its portfolio of premium, portioned meats, offering chef customers enhanced labor savings and...

Bunge to Sell North America Corn Milling Business

Bunge has reached an agreement to sell its North America dry corn and corn masa milling businesses to Grain Craft, a leading US independent flour miller.

The deal includes Bunge facilities in Danville, Illinois; Worthington, Indiana; Crete, Nebraska; Red Oak, Iowa; Muleshoe, Texas; Atchison, Kansas; and Queretaro, Mexico.

Bunge’s Co-President, Agribusiness, Julio Garros said: "We carefully considered how this regional business fits with our long-term plans and made the strategic decision to focus on other areas of our core business that are more strongly connected to our global value chains."

Cal-Maine Foods Announce Q3 Earnings

Cal-Maine Foods announced its financial results for the third quarter of fiscal 2025, reporting net sales of $1.4 billion and net income of $508.5 million.

The company saw strong demand, setting a record for the highest total number of dozens sold during the quarter. Additionally, Cal-Maine made significant progress in its efforts to address the ongoing challenges posed by tight egg supplies in the U.S., exacerbated by rapid outbreaks of bird flu.

Key highlights from the quarter include:

• 14% increase in the...

Vertical Cold Storage Acquires Arctic Logistics in Detroit Metro Area

Vertical Cold Storage, a developer and operator of temperature-controlled distribution centers sponsored by real estate investment firm Platform Ventures, has purchased Arctic Logistics in Canton, MI. The acquisition is the fifth new Vertical Cold facility in the past year, making it the sixth largest cold storage company in North America. Terms were not disclosed.

“This acquisition strengthens our ability to support customers engaged in cross-border trade and adds a critical location to our growing national footprint,” said Jim Henderson, Chief Commercial Officer at...

Kroger Responds to Albertsons’ Lawsuit, Files Counterclaims

Kroger has announced that it has filed its formal answer and counterclaims in response to Albertsons' lawsuit, which was brought before the Delaware Court of Chancery following the termination of the proposed merger.

On December 11, 2024, Albertsons called off its bid to merge with Kroger after a two-year effort, subsequently filing a suit alleging breach of contract in connection with the collapse of the deal. 

Today, Kroger issued a statement revealing that it had filed its answer and counterclaims. The company asserts that while it was diligently working to secure regulatory...

Southeastern Grocers Announces New Ownership of Iconic Winn-Dixie Banner

A consortium of private investors, spearheaded by the current CEO and President of Southeastern Grocers Inc. (SEG), Anthony Hucker, and C&S Wholesale Grocers, today announces it has acquired Southeastern Grocers and its Winn-Dixie and Harveys Supermarket banners from ALDI U.S. ALDI U.S. previously purchased Southeastern Grocers in March 2024.

The agreement includes the acquisition of SEG grocery and liquor store operations under the Winn-Dixie and Harveys Supermarket banners. This includes approximately 170 grocery stores in Alabama, Georgia, Louisiana, Mississippi and...

JBS Enters Brazilian Egg Market with Acquisition of Mantiqueira Valued at $316 Million

JBS has announced its acquisition of a 48.5% stake in Mantiqueira, Brazil's largest egg producer, marking its debut in Brazil's egg industry.

Mantiqueira, which generates approximately BRL $2 billion in annual revenue according to The Agribiz, operates with a flock of 17.5 million laying hens. As part of the agreement, the company's founder will retain operational control alongside CEO Marcio Utsch.

Mantiqueira is expected to benefit from JBS's extensive distribution networks, including Seara and Friboi, which will broaden its market access across Brazil...

Valeo Foods Group Completes the Acquisition of I.D.C. Holding

Valeo Foods Group, one of Europe’s leading producers of quality sweets, treats and snacks, has completed its previously announced acquisition of I.D.C. Holding, a major independent producer of quality wafers, biscuits, confectionary and chocolate in Central and Eastern Europe.

First established in Slovakia over a century ago, I.D.C. Holding is a transformative addition to Valeo Foods Group’s expanding portfolio. Producing a wide range of branded wafer, biscuit, sugar confectionary and seasonal chocolate products, I.D.C. Holding is a natural fit with Valeo Foods Group’s sweet snacking...

Premium Brands Holdings Corporation Announces Strategic Transactions

Premium Brands Holdings Corporation (TSX: PBH), a leading producer, marketer and distributor of branded specialty food products, announced today that it has completed the following strategic transactions:

- The acquisition of NSP Quality Meats (NSP), a cooked protein and deli meats manufacturer with plants located in Oklahoma, Texas and Missouri

- The acquisition of Casa Di Bertacchi (Casa), a manufacturer of branded and private label cooked protein products with a plant in New Jersey

- The acquisition of Italia Salami (Italia), a manufacturer of authentic dry cured Italian salami with a plant in Ontario...

TD Bank Survey: Restaurant Industry Anticipates Bright 2025 with Tech and M&A at the Forefront

A survey conducted by TD Bank at the 2024 Restaurant Finance and Development Conference indicated that optimism has returned to the restaurant franchise industry after years of challenges.

The TD Bank poll collected insights from 175 restaurant operators and finance professionals as they look ahead to 2025. Alongside the optimistic outlook, TD Bank noted that the adoption of digital and mobile ordering, menu creativity and higher expectations around AI were also key findings from the survey...

Kingswood Capital Management Acquires Branding Iron Holdings, a Leading Protein Provider

Kingswood Capital Management, LP (together with its affiliates, “Kingswood”) announced today that it has acquired Branding Iron Holdings (“Branding Iron” or “the Company”), an industry-leading provider of branded and private label protein products, including beef and pork, with a core focus on frozen and refrigerated ground meats. This represents the latest investment for Kingswood in the food and beverage industry.

“It was important to us to identify a long-term partner who will help us grow and support customers across...

BRF Buys Stake in Saudi Arabian Poultry Company for USD 84 Million

BRF reported on 31 October that it formalized the purchase of 26% of shares of the Saudi Addoha Poultry Company, one of the largest chicken producers in Saudi Arabia, for USD 84.3 million.

The announcement is on the back of BRF's partnership with Saudi Arabia's Public Investment Fund (PIF) set to invest USD 500 million in poultry production and food processing in the region.

According to media outlet Infomoney, Bradesco’s BBI analysts estimate that the Addoha factory purchased, which operates entirely in the halal...

Forever Cheese Expands Value-Added Service Capabilities with Acquisition of Virginia Packing

Forever Cheese, a leading importer of cheese, cured meats, and other specialty foods, announced today that it has acquired substantially the assets of Virginia Packing, LLC (“Virginia Packing”), headquartered in Toano, Virginia. Virginia Packing specializes in cured meat slicing, packing and logistics services for premium domestic and international brands. This strategic partnership accelerates Forever Cheese’s ability to offer value-added services to its customers with plans to expand within the current facility.

Virginia Packing and Forever Cheese share a commitment to product quality, and both...

Wakefern Food Corp. Acquires Di Bruno Bros. Portfolio of Branded Products

Wakefern Food Corp. today announced the acquisition of the Di Bruno Bros. portfolio of specialty products that are currently distributed nationally to wholesale and retail customers.

A pioneering specialty food retailer and purveyor of gourmet cheeses and cured meats in the Philadelphia area since 1939, Di Bruno Bros. was also one of the first specialty grocers online when it began selling its products nationwide in 1998.

The five Di Bruno Bros. retail locations and a bottle shop in Philadelphia were recently acquired by DB Gourmet Markets...

Performance Food Group Company Completes the Acquisition of Cheney Bros, Inc.

Performance Food Group Company (PFG) today announced that it has completed the acquisition of Cheney Bros., Inc. (“Cheney Brothers”), a leading independent broadline foodservice distributor based in Riviera Beach, Florida. The acquisition creates a stronger presence in the Southeast region and provides additional distribution capacity. Cheney Brothers generates approximately $3.2 billion in annual revenue. The company has approximately 3,600 employees and operates five distribution centers in Florida and North Carolina. PFG continues to expect to generate approximately $50 million...

Flora Food Group Announces Acquisition of New Facility in Southwestern Kansas

Flora Food Group B.V., global branded food champion, today announced the purchase of a manufacturing facility located in Hugoton, Kansas. This facility closed earlier this year under its previous owner.

The facility will serve as the hub for Flora Food Group’s creams and cream cheeses products for the U.S. and Canada and across the rest of the Americas region over time, while its existing New Century, KS facility will continue to serve as the U.S. hub for Flora Food Group’s butters and spreads products...

General Mills Announces Agreements to Sell Its North American Yogurt Business to Lactalis and Sodiaal

General Mills, Inc. (NYSE: GIS) today announced that it has entered into definitive agreements to sell its North American Yogurt business to Lactalis and Sodiaal, two leading French dairy companies, in cash transactions valued at an aggregate $2.1 billion USD. Following the completion of the transactions, the U.S. and Canadian businesses will operate independently, with Lactalis acquiring the U.S. business and Sodiaal acquiring the Canadian business. The proposed transactions are expected to close in calendar 2025, subject to receipt of requisite regulatory approvals and other customary closing conditions.

The divestitures encompass the U.S. and Canada operations of several yogurt brands including...

Cargill Acquires Two Feed Mills in Denver and Kansas City from Compana Pet Brands

Cargill Animal Nutrition and Health has acquired two feed mills from Compana Pet Brands – one in Denver, Colorado, and the other in Kansas City, Kansas. With the addition of the two facilities, Cargill will be expanding its production and distribution capabilities in the western and central regions of the US, the company has announced.   

Through the Denver mill acquisition, Cargill will welcome over 35 employees. The Denver mill has dedicated packing lines, allowing for growth with ag retail customers who serve the backyard/hobby farmer and pet owner segments...

FCPT Announces Acquisition of 19 Bloomin’ Brands Restaurant Properties for $66.4 Million

Four Corners Property Trust, a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties, is pleased to announce the acquisition of 19 Bloomin’ Brands restaurant properties comprising of 20 total restaurants (10 Outback Steakhouse restaurants and 10 Carrabba’s Italian Grill restaurants, including one dual-tenant property with both concepts) for a purchase price of $66.4 million. The 19 properties are located across 10 states (AZ, FL, GA, KY, LA, NC, NV, PA, SC, and TN)...

Kroger Files Motion to Enjoin the FTC's Administrative Merger Challenge

The Kroger Co. today filed a motion for preliminary injunction in the U.S. District Court, Southern District of Ohio, against the Federal Trade Commission's (FTC) administrative proceeding challenging the company's merger with Albertson's Companies, Inc. The company argues that by proceeding in its administrative tribunal, in addition to the separate action in federal court, the FTC is violating Constitutional protections.

The motion details how the FTC's administrative proceeding against the merger clearly violates the Constitution in two areas:

• First, the FTC violates Article II of the Constitution because...

Vertical Cold Storage Completes Purchase of Dothan Facility

Vertical Cold Storage, a developer and operator of temperature-controlled distribution centers sponsored by real estate investment firm Platform Ventures, finalized the acquisition of the frozen distribution center from Dothan Warehouse Investors in Dothan, Alabama. Terms were not disclosed.

“We are excited to add Dothan to our growing network of temperature-controlled distribution centers and are looking forward to partnering with them as we focus on integrating the business and serving our customers. Dothan is the third operation we’ve added to our network...