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Instacart Announces Acquisition of Rosie
Acquisition brings Rosie's e-commerce platform and team of experts to Instacart, giving local independent grocers access to a broader range of technology and fulfillment capabilities to grow their businesses
Instacart, the leading grocery technology company in North America, today announced it has acquired Rosie, the premier e-commerce platform for local and independent retailers and wholesalers. With this acquisition, Instacart is deepening its commitment to serving local and independent grocers and expanding its Instacart Platform e-commerce offerings.
Founded in Ithaca, NY in 2013, the Rosie team has spent nearly a decade building relationships...
Highview CapitalAcquires WilMar, To Merge With Randall Foods
Highview Capital announced it has acquired Jobbers Meat Packing Co., doing business as WilMar. WilMar, a protein processor specializing in ground beef solutions, will merge with Highview’s portfolio company, Randall Foods. The combination will create one of the leading protein providers in the U.S., with a complete suite of products, complementary operating cultures and a world class management team.
Randall Foods partners with grocery customers to provide all types of processed and value-added case-ready meats, including a variety of fresh prepared meals and marinated, ready-to-cook offerings. Since Highview...
Cargill and Continental Grain Complete Acquisition of Sanderson Farms
Cargill and Continental Grain Company today announced the completion of the previously announced acquisition of Sanderson Farms, Inc. by a joint venture between Cargill and Continental Grain. The acquisition was announced on August 9, 2021.
Sanderson Farms shareholders are receiving $203.00 per each share of common stock they owned as of immediately prior to the completion of the transaction. As a result of the completion of the transaction, Sanderson Farms' shares will no longer trade on the NASDAQ beginning July 22, 2022...
SpartanNash Acquires Shop-N-Save Food Centers
Food solutions companySpartanNash (Nasdaq: SPTN) (the “Company”) has acquired Shop-N-Save Food Centers (SNS), a three-store grocery chain in northwestern Michigan. Upon close of the sale, the Benzonia, Fremont and Ludington, Mich. grocery stores have been converted to SpartanNash’s popular Family Fare brand, continuing employment for all now-SpartanNash Associates and expanding offerings available to shoppers. Founded in 1973 by William “Bill” DeVries, SNS had been a food distribution customer of SpartanNash for nearly 25 years...
Lunchbox Acquires Novadine to Transform the Entire Guest Experience for Enterprise Restaurants
Lunchbox, the modern ordering system built to grow online revenue for restaurants today announced that it has entered into a definitive agreement to acquire NovaDine, an enterprise digital ordering provider for multi-unit restaurant chains. As Lunchbox accelerates geographic growth across the country, this is the first of many steps in the company's plans to invest in new technologies for restaurants.
Together, Lunchbox and NovaDine will offer an alternative to the currently available enterprise solutions and enable restaurant operators to manage all digital guest experiences from a single...
Lineage Logistics Acquires Supply Chain Software Firm Turvo
Lineage Logistics acquired Turvo Inc., a leading provider of supply chain management, collaboration, and visibility software, per a June 1 announcement. The financial terms of the deal were not disclosed.
The move to acquire Turvo follows an initial investment made by Lineage Ventures and Lineage’s vision for improved supply chain collaboration. Turvo will now become a wholly-owned subsidiary of Lineage under its own brand.
“Lineage’s acquisition of Turvo was a natural extension of our partnership, through which we successfully launched Lineage Link™ last year,” said Adam Forste, Co-Executive Chairman...
The Save Mart Companies Announces Acquisition by Kingswood Capital Management
Today, The Save Mart Companies announced that Kingswood Capital Management LP ("Kingswood") has acquired the company. Kingswood is an operationally-focused private equity firm based in Los Angeles, with significant experience in the retail sector. Terms of the transaction were not disclosed.
Headquartered in Modesto, California, The Save Mart Companies is committed to sourcing a wide variety of local products across approximately 200 stores and serves communities throughout California and Northern Nevada. The company operates stores under the banners of Save Mart, Lucky California, and FoodMaxx. In addition to...
Checkers® & Rally's® Franchisee Falcons Burger Acquires 30 Rally's Restaurants
Checkers & Rally's, an iconic and innovative drive-thru restaurant chain known for bold and flavorful food at an exceptional value and its people-first attitude, today announced that franchisee Falcons Burger has purchased 30 Rally's restaurants from longtime, fellow franchisee Joe Hertzman following his decision to retire. The acquisition of units in the Kentucky and Indiana markets makes Falcons Burger the largest franchisee with Checkers & Rally's with a total of 57 restaurants across several states. Moreover, Falcons Burger is continuing to grow through new restaurant construction...
Just Eat Takeaway.com and McDonald’s Announce Long-Term Global Strategic Partnership
McDonald’s Corporation and Just Eat Takeaway.com N.V. have agreed to a new, long-term global strategic partnership, evolving their existing local agreements to provide McDonald’s customers and franchisees with the convenience and value of McDelivery® in markets across the world. McDonald’s and Just Eat Takeaway.com’s partnership will support growth of the McDelivery business and will lead to increased operational benefits for Just Eat Takeaway.com.
Just Eat Takeaway.com’s global brand and extensive geographic coverage, best-in-class food-delivery marketplace and 500,000 couriers worldwide provide numerous strategic benefits to...
Kraft Heinz and J.R. Simplot Company Announce an Exclusive, Multi-Year Strategic Supply Agreement
The Kraft Heinz Company and Simplot Food Group, a division of the J.R. Simplot Company (“Simplot”), announced today that the two companies have signed a long-term agreement naming Simplot as the exclusive manufacturer and supplier of Ore-Ida. Kraft Heinz will continue to own the Ore-Ida brand.
As a leading expert in potato manufacturing and distribution, Simplot is expected to help grow the Ore-Ida brand by introducing world-class innovation and technology to the business as well as creating greater efficiencies through vertical...
PlantPlus Foods Expands Americas play via Completion of Sol Cuisine Acquisition
PlantPlus Foods, LLC, the new generation of plant-based foods and a joint venture between a leading global food solutions and nutrition company, ADM, and one of the leaders in the protein sector, Marfrig, is proud to announce its portfolio expansion in North America with the completed acquisition of Sol Cuisine Ltd. (“Sol Cuisine”) following the recent announcement of their acquisition of DEW Drink Eat Well, LLC (“Hilary’s”). These strategic acquisitions further position PlantPlus Foods as an industry enabler in the plant-based space as the...
Wienerschnitzel Franchise Inks 20-Unit Development Deal to Enter Arkansas
Wienerschnitzel, the world’s largest hot dog franchise, is proud to announce the signing of an exclusive development agreement with Tejas Dogs, LLC, to build 20 new Wienerschnitzel restaurants throughout Arkansas over the next 12 years. The Tejas Dogs agreement follows a separate 20-unit announcement by the brand in 2020 to develop throughout Louisiana and paves the way for Wienerschnitzel to further expand its iconic quick-service footprint throughout Southern and Midwestern states. There are already plans to begin building three stores in northwest Arkansas to jumpstart the development schedule...
KPOP Foods Acquired by Leading Korean Food Retailer Wooltari USA
KPOP Foods, a vibrant Korean food startup that launched out of UCLA Anderson and debuted through Kickstarter in 2017, announced today its acquisition by Wooltari USA, a leading retail and online grocer of premium Korean food products. KPOP Foods will continue as a wholly owned subsidiary and will have enhanced capabilities through Wooltari USA in product development, sourcing, and operations to expand its distribution and services.
Since its founding, KPOP Foods has significantly grown thanks to adding celebrity chef Chris Oh as its Head of Product, becoming a top seller...
Hopdoddy and Grub to Form Better-Burger Powerhouse
Hopdoddy Burger Bar, the popular Austin-born burger joint, announced today that it has entered into a definitive agreement to acquire Grub Burger Bar, the Bryan, Texas-based brand known for its signature burgers, hand-spun shakes, scratch kitchen, and craft cocktail bar, to bring a shared vision and craveable menus to more burger lovers across the nation. Terms of the transaction were not disclosed.
The two high-performing brands intend to capitalize on many complementary capabilities while rapidly expanding into new markets. The new combined company, HiBar Hospitality Group, is backed...
Smokey Mo's TX BBQ Cookin' Up Growth, Purchased by Private Equity Firm Switchback Capital, LLC
Smokey Mo's TX BBQ, an authentic Texas barbeque chain with 16 locations and 21 years of successful corporate operations, was acquired by Austin, Texas-based Switchback Capital, LLC. Switchback is planning to bring the fan-favorite barbecue to even more local communities as well as a new look and feel for the iconic barbeque joint.
With a combined 60 years of private equity experience, the Switchback team adds Smokey Mo's to their portfolio as the firm's first formal investment. Founded by Tim Keyes and...
MamaMancini’s Announces Acquisition of Two Premier Gourmet Food Manufacturers
MamaMancini's Holdings, Inc., a marketer of specialty pre-prepared, frozen and refrigerated food products, today announced the signing of definitive agreements for two acquisitions – T&L Creative Salads, Inc. (“T&L”) and Olive Branch, LLC, which are related premier gourmet food manufacturers based in New York. Closing is expected to occur on or about December 29, 2021, subject to closing conditions.
Over several decades, brothers Anthony, Michael, and Joseph Morello have owned and operated T&L Creative Salads, offering a full line of foods for retail food chains and club stores...
Cargill to Acquire Croda’s Bio-based Industrial Business, Expanding Natured-Derived Solutions
Cargill has reached an agreement with Croda to acquire the majority of its performance technologies and industrial chemicals business for EUR 915,000,000 (1.03bln USD) on a cash-free, debt-free basis. The investment would dramatically expand Cargill’s bioindustrial footprint to better serve industrial manufacturers searching for “greener” ingredient solutions.
The transaction, which is subject to regulatory approvals, is expected to close in Summer 2022. Cargill will comply with applicable information and consultation requirements with our employee representative bodies.
“The bioindustrial space is a priority for Cargill, as we..."
Diversey Completes Acquisition of Birko Corporation and Chad Equipment LLC
Diversey Holdings, Ltd. (NASDAQ: DSEY), a leading provider of hygiene, infection prevention and cleaning solutions, today announced it has completed the acquisition of Birko Corporation, a North American manufacturer of food safety chemical solutions for the food and beverage industry, and Chad Equipment LLC, a subsidiary of Birko Corporation, which manufactures food safety equipment for the protein industries, with approximately 100 employees in total. With estimated 2021 sales of more than $40 million, this acquisition strengthens Diversey’s market presence in the United States and Canada...
Jack in the Box to Acquire Del Taco
Jack in the Box Inc. (NASDAQ: JACK), one of the nation’s leading QSR chains, and Del Taco Restaurants, Inc. (NASDAQ: TACO), the nation’s second largest Mexican QSR chain by number of restaurants, today announced that the companies have entered into a definitive agreement pursuant to which Jack in the Box will acquire Del Taco for $12.51 per share in cash in a transaction valued at approximately $575 million, including existing debt. While this price per share offers an attractive premium to Del Taco shareholders, Jack in the Box estimates...
Versova, Northwest Farms and Proterra Investment Partners Acquire Williamette Egg Farms
Northwest Farms and Proterra Investment Partners (Proterra) has acquired the operations and assets of Willamette Egg Farms (Willamette) in the Pacific Northwest from Michael Foods, Inc., a subsidiary of Post Holdings.
Northwest Farms is a newly formed company that includes several egg farming families who also are owners in Versova Management (Versova). Versova, headquartered in Sioux Center, IA, has assumed day to day management of the farms, located in Washington and Oregon.
The acquisition includes Willamette’s egg farms in Moses Lake, WA; and Canby and Molalla, OR. The farms...
Velvet Taco Receives Significant Investment from Leonard Green & Partners
Velvet Taco (the "Company"), the popular Dallas-based restaurant concept serving up globally inspired tacos, today announced that Leonard Green & Partners, L.P. ("LGP") acquired a majority stake in Velvet Taco from L Catterton, the largest global consumer-focused private equity firm, and FB Society (formerly Front Burner Restaurants), which spearheaded the creation of Velvet Taco ten years ago. L Catterton and FB Society will retain significant minority ownership stakes in the business. Terms of the transaction were not disclosed.
Founded in Dallas in 2011, Velvet Taco is a...
Restaurant Brands International Inc. to Acquire Firehouse Subs
Restaurant Brands International Inc. and Firehouse Restaurant Group Inc. ("Firehouse Subs") announced today that they have reached an agreement for RBI to acquire Firehouse Subs for $1.0 billion in an all-cash transaction. The transaction offers significant long-term unit growth potential to drive attractive returns for all stakeholders and is expected to be immediately accretive to RBI's diluted net earnings per share.
Firehouse Subs adds a strong and loved restaurant brand with attractive unit economics in a complementary category to RBI's existing family of iconic quick service restaurant...
GrubMarket Acquires Oakport Transportation to Expand Transportation and Logistics Capabilities
GrubMarket today announced it has completed the acquisition of Oakland, CA-based Oakport Transportation, a provider of comprehensive trucking and logistics services that stores and ships produce throughout California, the Pacific Northwest, British Columbia, and Nevada, plus selected routes throughout the rest of the U.S. for certain seasonal items. GrubMarket will leverage Oakport's facilities and logistics networks to address the supply chain challenges introduced by recent trucking shortages, route congestion and skyrocketing consumer demand for fresh food.
The timing of this acquisition is of paramount importance. The coronavirus pandemic has...
BurgerFi Completes $156.6 Million Acquisition of Anthony’s Coal Fired Pizza & Wings
BurgerFi International Inc., the owner of one of the nation’s fastest-growing premium fast-casual concepts through the BurgerFi brand, is announcing the successful completion of its pending acquisition of Anthony’s Coal Fired Pizza & Wings (“Anthony’s”) from L Catterton for $156.6 million. Ophir Sternberg, Executive Chairman of BurgerFi commented, “This acquisition marks a significant step forward in BurgerFi’s ongoing growth strategy and transition into a premium multibrand platform.”
Anthony’s, founded in 2002 and headquartered in Fort Lauderdale, FL, is a leading operator of casual...
Save A Lot Expands Retail Partnership With Yellow Banana Through Sale of Corporate Stores
Save A Lot, one of the largest discount grocery chains in the U.S., today announced the sale of six company-owned stores in Dallas, Texas, and Jacksonville, Florida, to Yellow Banana, LLC as part of Save A Lot’s ongoing efforts to convert corporate-owned stores to local ownership. Yellow Banana’s acquisition will enable these six stores to remain open, providing critical support to both the communities in question and the nearly 100 store associates employed.
Yellow Banana is owned by 127 Wall Holdings, LLC...
ANALYSIS: Shell Egg Prices Crack New Record Highs Amid Strong Demand, Depleted Inventories
This Week in Retail: Seasonal Trends Start to Shift
Urner Barry Releases September Soy & Wheat Report
Urner Barry Releases September Pulse Protein Report
Urner Barry Releases August Emerging Plant Protein Report