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Benson Hill Announces Closing of Acquisition of Soy Crushing Facility Assets 

Benson Hill, Inc., a food technology company unlocking the natural genetic diversity of plants with its cutting-edge food innovation engine announced the closing today of its acquisition of a soybean crushing facility in Seymour, Indiana.

This investment, announced on September 13, 2021, will further solidify the Company’s position in the value chain to support production of a robust portfolio of proprietary, non-GMO, identity...

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Sep 20 8:56 AM, General News

Yum! Brands Completes Acquisition of Dragontail Systems

Yum! Brands, Inc. announced today the completion of its acquisition of Dragontail Systems Limited (Dragontail), an innovative provider of technology solutions for the food industry, following the successful implementation of the previously announced share scheme of arrangement in accordance with Australian corporations law.

Yum! Brands acquired all of the issued and outstanding common shares of Dragontail for A$0.235 per share in cash or a total of approximately A$93.5 million. With today’s announcement, following the approval by the Australian Federal Court and by Dragontail shareholders and certain other...

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Sep 7 9:30 AM, General News

Fortune International Announces Acquisition of MPI

Fortune International, LLC, announced the acquisition of Meat Processors, Inc., (MPI). This investment expands Fortune International's Fish & Gourmet brand into Michigan and Wisconsin.

“We are impressed with the business Doug and Jim have built over the last 44 years and thrilled to add their expertise, service level and high-quality products to the Fortune Fish & Gourmet family," said Fortune's CEO & President, Sean J. O’Scannlain.

Fortune International is the leading importer, distributor, and processor of the United States. Their focus is on meats, seafood and gourmet products. MPI is a Wisconsin-based, poultry and meat...

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Sep 3 10:58 AM, General News

Cargill and Continental Grain Company to Acquire Sanderson Farms

Cargill, Continental Grain Company, and Sanderson Farms, Inc. announced they have reached a definitive agreement for a joint venture between Cargill and Continental Grain to acquire Sanderson Farms for $203 per share in cash, representing a total equity value for Sanderson Farms of $4.53 billion. The purchase price represents a 30.3% premium to Sanderson Farms' unaffected share price of $155.74 on June 18, 2021, the last full trading day prior to media speculation about the potential sale of Sanderson Farms; a 22.8% premium to the Sanderson Farms 30-day volume weighted average price ("VWAP") as of June 18, 2021, and a 15.2% premium to the all-time high share price as of June 18, 2021. Upon completion of the transaction, Cargill and Continental Grain will combine Sanderson Farms with Wayne Farms, a subsidiary of Continental Grain, to form a new, privately held poultry business.

The combination of Sanderson Farms and Wayne Farms will create a best-in-class U.S. poultry company with a high-quality asset base, complementary operating cultures, and...

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Aug 9 8:31 AM, General News

Meatpacker JBS Takes Plunge Into Seafood Industry with $300 Million Huon Aquaculture Purchase

Brazil-based meatpacking giant JBS has agreed to purchase Australian salmon farmer Huon Aquaculture for AU$425 million (US$313 million).

Huon said JBS will acquire 100% of Huon for a cash consideration of $3.85 per share. The share price is a 61% premium over the closing price of $2.39, which was the last traded price before the company announced a strategic review on February 26.

The board at Huon Aquaculture unanimously recommended the move to sell to the world’s largest meat...

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Aug 6 10:13 AM, SeafoodNews

Church’s Chicken to Be Acquired by High Bluff Capital Partners and FS Investments

High Bluff Capital Partners (“High Bluff”), supported by various alternative investment funds managed by FS Investments, announced it has entered into a definitive agreement to acquire Church's Chicken®, one of the world’s largest quick service chicken restaurant chains, from FFL Partners. Subject to customary closing conditions, the transaction is expected to be completed during Q3 of 2021.

Based in Atlanta and founded in 1952, Church’s® has more than 1,500 locations in 26 countries and international territories. Demonstrating considerable resiliency in the face of a devastating global pandemic, the brand in 2020 leveraged its strengths in family meals, digital offerings, delivery and to-go orders to post a strong year of performance, generating system-wide sales of nearly $1.2 billion. Over the next year, the brand expects to...

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Aug 3 8:28 AM, General News

Hesse Enterprises Acquires Ideal Meat & Provisions

Hesse Enterprises announced the acquisition of Ideal Meat & Provisions, Inc. located in Northridge, California. The new entity will assume the name Ideal Meat, LLC.

“We are proud to bring Ideal Meat & Provisions into the HEI Family of Companies. Larry Vad and his team have always excelled at producing the highest quality of products and delivering on customer expectations, staple ideals for all Hesse Enterprise Companies. We will build on those strengths to grow Ideal Meat to...

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Jul 29 8:28 AM, General News

ADM Fastens Growth of Global Alternative Protein Platform with Planned Acquisition of Sojaprotein

Global nutrition leader ADM announced that it has reached an agreement to acquire Sojaprotein, a leading European provider of non-GMO soy ingredients.

Established in 1977, Serbia-based Sojaprotein has sales into 65 countries, offering a wide array of non-GMO vegetable protein ingredients for an extensive list of European and global customers in the meat alternative, confectionary, protein bar, pharmaceutical, pet food, and animal feed segments. The company had more than...

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Jul 27 8:31 AM, General News

C&S Wholesale Grocers Enters Into A Definitive Purchase Agreement With Piggly Wiggly Midwest

C&S Wholesale Grocers, Inc., an industry leader in supply chain solutions and wholesale grocery supply in the United States, has entered into a definitive agreement with Piggly Wiggly® Midwest with the intent to purchase the Wisconsin-based wholesaler. Piggly Wiggly® Midwest operates corporate stores and services independent franchisees under a chain-style program. Since 1911, Sheboygan, Wisconsin has been the home to Piggly Wiggly® Midwest's headquarters where it has its corporate offices and two of its distribution centers. A third distribution center...

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Jul 16 9:04 AM, General News

General Mills Completes Acquisition of Tyson Foods’ Pet Treats Business

General Mills announced that it has completed the acquisition of Tyson Foods’ pet treats business for $1.2 billion in cash. The business, which includes the Nudges, Top Chews and True Chews brands, is the leader in natural meat treats for pets.

“This acquisition represents an important step as we reshape our portfolio for growth, in line with our Accelerate strategy,” said General Mills Chairman and Chief Executive Officer Jeff Harmening. “This business is a wonderful complement to...

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Jul 7 8:22 AM, General News

Pilgrim's Pride Acquires Kerry Consumer Foods’ Meats and Meals Business
Pilgrim’s Pride Corporation announced that it has executed an acquisition agreement to acquire the Meats and Meals business of Kerry Consumer Foods in the United Kingdom and Ireland. Following the Acquisition, Pilgrim’s will be a leading food company, with a significant value-added protein and integrated prepared foods business anchored by a portfolio of strong brands.

The acquisition, which was unanimously approved by Pilgrim’s Board of Directors, values the acquired businesses at a £680 million (or approximately $952 million based on a 1.40 USD/GBP exchange rate as of June 16, 2021) enterprise value. The purchase amount represents...

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Jun 18 8:53 AM, General News

Kraft Heinz Announces Agreement to Purchase Assan Foods

The Kraft Heinz Company announced that it has reached an agreement to purchase Assan Foods from privately held Turkish conglomerate Kibar Holding in a deal that values the enterprise at approximately $100 million. Assan Foods is a rapidly growing sauces-focused business with local manufacturing facilities in Balikesir and Izmir that has been a certified production partner for Kraft Heinz since 2019 and offers Kraft Heinz the opportunity to build its retail and foodservice business across Europe, the Middle East and Africa.

“This is a great opportunity to accelerate our international growth strategy centered on Taste Elevation,” said Rafael Oliveira, International Zone President at Kraft Heinz. “We believe Assan Foods is a high-performance organization that brings best-in-class local innovation and...

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Jun 14 2:07 PM, General News

Livekindly Collective Expands Its Brand Portfolio with the Acquisition of The Dutch Weed Burger

LIVEKINDLY Collective, a collection of heritage and scale-up brands on track to become one of the world’s largest plant-based food companies, announced an agreement to acquire The Dutch Weed Burger, an Amsterdam-based, brand that uses seaweed as its hero ingredient.

By adding The Dutch Weed Burger to LIVEKINDLY Collective, the company expands its plant-based portfolio with seaweed, a high-quality source of protein. Additionally, this proposed acquisition will help the company scale internationally in the UK and Nordics, two key markets in Europe, as well as...

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Jun 9 8:23 AM, General News

Hormel Foods Announces Closing of Acquisition of Planters Snacking Business

Hormel Foods Corporation announced the closing of its acquisition of the Planters® snacking portfolio from the Kraft Heinz Company.

The acquisition includes the Planters®, NUT-rition®, Planters® Cheez Balls and Corn Nuts®brands, as well as three production facilities.

"This is an important day for Hormel Foods as we close the largest acquisition in our company's history. As a global branded food company, we have been making a purposeful and strategic shift in our portfolio of brands and products, which includes enhancing our snacking offerings. The Planters® snacking business is...

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Jun 8 8:33 AM, General News

Cal-Maine Foods Completes Acquisition of Interest in Red River Valley Egg Farm

Cal-Maine Foods announced that the Company has closed the previously announced purchase of the remaining 50 percent joint venture membership interest in Red River Valley Egg Farm, LLC from Rose Acre Farms, Inc, effective May 30, 2021. The entity is now a wholly owned subsidiary of the Company. Red River Valley Egg Farm, LLC owns and operates a specialty shell egg production complex with approximately 1.7 million cage-free laying hens, cage-free pullet capacity, feed mill, processing plant, related offices and outbuildings and...

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Jun 3 9:01 AM, General News

Yum! Brands Undertakes to Acquire Dragontail Systems

Yum! Brands and Dragontail Systems Limited, an innovative provider of technology solutions for the food industry, announced that they have entered into a binding agreement under which Yum! Brands would acquire Dragontail by way of a share scheme of arrangement in accordance with Australian corporations law (referred to as the Scheme).

If the Scheme is successfully implemented, the addition of Dragontail to Yum! Brands’ growing technology portfolio is intended to give Yum! Brands the ability to scale Dragontail’s artificial intelligence (AI) kitchen order management and delivery technology globally.

Australia-based Dragontail’s platform is focused on optimizing and managing the entire food preparation process from order through delivery. Its AI-based solution automates...

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May 27 9:58 AM, General News

Sysco Announces Agreement to Acquire Greco and Sons

Sysco Corporation announced it has entered into an agreement to acquire Greco and Sons, a leading independent Italian specialty distributor in the United States from Arbor Investments and the Greco family. Greco and Sons operates 10 distribution centers servicing 22 geographies nationwide, with approximately $800 million in annual revenue.

Founded in 1990, Greco and Sons imports and distributes a full line of premium quality food and non-food products as well as manufactures value-added specialty meat products. Upon completion of the transaction, Greco and Sons will operate as a standalone division within Sysco, similar to...

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May 24 8:21 AM, General News

Performance Food Group Company to Acquire Core-Mark

Performance Food Group and Core-Mark Holding announced that they have entered into a definitive agreement pursuant to which PFG will acquire Core-Mark in a stock and cash transaction.

Under the terms of the transaction, which has been unanimously approved by the Board of Directors of each company, Core-Mark shareholders will receive $23.875 per share in cash and 0.44 PFG shares for each Core-Mark share. The transaction values Core-Mark at approximately $2.5 billion, including...

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May 19 8:26 AM, General News

7-Eleven Completes Acquisition of 3,800 Speedway Stores

7-Eleven, the largest chain in the convenience-retailing industry, announced the successful completion of its acquisition of Speedway, a leading convenience store chain, from Marathon Petroleum Corp. Speedway's high-quality portfolio includes approximately 3,800 stores located in 36 states across the U.S.

"We are very excited to welcome Speedway into the 7-Eleven family," said Joe DePinto, President and Chief Executive Officer of 7-Eleven. "Speedway is a great brand and a strong strategic fit for our business that significantly diversifies our presence throughout the North American market, particularly in...

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May 17 8:24 AM, General News

General Mills Acquires Tyson Foods' Pet Treats Business for $1.2 Billion

General Mills announced that it has entered into a definitive agreement to acquire Tyson Foods’ pet treats business for $1.2 billion in cash in a transaction that provides an estimated tax benefit of $225 million, equating to an effective purchase price of $975 million. The business, which includes the Nudges, Top Chews and True Chews brands, is the leader in natural meat treats for pets.

“This acquisition advances our Accelerate strategy and further reshapes our portfolio for growth by adding an attractive business to our fast-growing Pet platform,” said General Mills Chairman and Chief Executive Officer Jeff Harmening. “Today’s announcement reinforces our commitment to using all...

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May 14 9:33 AM, General News

Cal-Maine Foods Acquires Remaining Interest in Red River Valley Egg Farm

Cal-Maine Foods announced that the Company has reached a definitive agreement to purchase the remaining 50 percent membership interest in Red River Valley Egg Farm, LLC from Rose Acre Farms, Inc. The entity will become a wholly owned subsidiary of the Company. The purchase price is $48.5 million for the balance of the joint venture’s membership interests.

Red River Valley Egg Farm, LLC owns and operates a specialty shell egg production complex with approximately 1.7 million laying hens, pullet capacity, feed mill, processing plant, related offices and...

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May 13 8:59 AM, General News

Bojangles and Chaac Foods Restaurants Announce Major Development Agreement

Bojangles, known for its iconic Southern food in more than 760 restaurants throughout the Southeast, announced a new business venture with experienced operator Chaac Foods Restaurants in what they’re calling the 40 and 40 deal.

The agreement calls for Chaac Foods to open 40 new Bojangles stores over the next seven years, including 20 in Georgia, five in Tennessee and 15 in the Orlando, Florida, area, marking a return for the Bojangles brand. Chaac Foods will also acquire 40 existing corporate-owned Bojangles locations across the Georgia, South Carolina and...

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May 6 8:27 AM, General News

Butterfly Acquires a Majority Stake in Leading Premium Egg Company Pete and Gerry’s Organics

Butterfly, a Los Angeles-based private equity firm specializing in the food sector, announced that it has acquired a majority stake in Pete and Gerry’s Organics, LLC, the nation’s leading producer of organic, free-range and pasture-raised eggs under the Pete and Gerry’s Organic®, Nellie’s Free Range® and Consider Pastures™ brands. Terms of the transaction were not disclosed.

Pete and Gerry’s is Butterfly’s latest investment within its “seed to fork” approach to investing in food across agriculture, aquaculture, food and beverage products, food distribution and foodservice. Pete and Gerry’s CEO, Jesse Laflamme, will retain an ownership position and continue to help...

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May 6 8:27 AM, General News

Aramark to Acquire Next Level Hospitality

Aramark announced that it has signed an agreement to acquire Next Level Hospitality, a premier provider of culinary and environmental services in the senior living sector, specializing in skilled nursing and rehabilitation facilities. 

Founded in 2017, Next Level serves hundreds of locations in the U.S., primarily in the East Coast, Midwest and Texas. The acquisition enables Aramark to partner with a business that is committed to creating exceptional experiences for its clients with the ability to leverage a scalable operating model.

“Next Level has built an impressive, fast-growing business that provides high quality services, led by a strong management team with a proven track record of execution,” stated Aramark’s CEO, John Zillmer. “This complementary acquisition extends...

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Apr 30 8:26 AM, General News

Third Largest European Plant-based Producer Vivera Acquired by JBS S.A.

JBS, the world's largest protein company and second-largest food producer, has entered into an agreement to purchase Vivera, Europe's third-largest plant-based food producer, for an enterprise value of €341 million. Vivera develops and produces a broad range of innovative plant-based meat replacement products for major retailers in over 25 countries across Europe, with relevant marketshare in The Netherlands, the United Kingdom and Germany. The deal includes three manufacturing units and a research and development center located in The Netherlands.

Vivera, currently the largest independent plant-based company in Europe, will join other JBS initiatives such as Seara's, Incrível range, a market leader in plant-based hamburgers, and...

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Apr 20 9:02 AM, General News

Canada’s Sofina Foods Buys Eight Fifty Food Group, Owner of Young’s Seafood

Eight Fifty Food Group, the owner of Young’s Seafood, is being sold to Sofina Foods, a leading Canadian multi-protein producer. The sale has been agreed upon by CapVest partners, an international private equity firm. The amount of the sale has not been disclosed.

CapVest acquired leading UK pork processor Karro Food Group in 2017. Two years later CapVest acquired the UK’s iconic seafood business, Young’s Seafood, creating Eight Fifty Food Group. Eight Fifty Food Group later consolidated five other protein businesses from across Europe to become a...

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Mar 29 10:54 AM, SeafoodNews

Hardeman Egg Group Acquires Adriaan Goede B.V.

Both companies have this week announced the acquisition of Adriaan Goede B.V. by Hardeman Egg Group. With this move, Hardeman Egg Group is strengthening its position in the egg market, with Adriaan Goede B.V. boosting its future market position.

Adriaan Goede B.V., a private limited company, has a long history and is one of the oldest egg product companies in the world. In the past 126 years, the company has evolved into an efficient and high-quality egg products company, exporting to more than 30 countries in the world.

Over the past four generations, the world of eggs and egg products has changed dramatically. The demand for many different types of eggs and egg products with higher and...

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Mar 18 11:56 AM, General News

Yum China has Acquired a 5% Equity Interest in Fujian Sunner Development

Yum China Holdings, Inc. announced that it has acquired a 5% equity interest in Fujian Sunner Development Co., Ltd.

Founded in 1983 and headquartered in the Fujian Province, Sunner is China's largest white- feathered chicken producer. Sunner has a vertically integrated business model covering the full production chain, which primarily includes chicken breeding and farming, feed processing and meat processing.

"We are excited to become a strategic investor in Sunner, our largest poultry supplier. Yum China and Sunner are longstanding business partners. The management team of Sunner has demonstrated exceptional execution capabilities over the years," said Joey Wat, CEO of Yum China. "With this strategic investment, we look forward to...

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Mar 17 8:44 AM, General News

Issa Brothers and TDR Capital Complete the Acquisition of Asda from Walmart

Walmart Inc., Asda Group Limited, the Issa brothers and TDR Capital have announced that the Issa brothers, founders and co-CEOs of EG Group, a global convenience and forecourts retailer, headquartered in Blackburn, UK, and investment funds managed by TDR Capital LLP, a leading UK-based private equity firm, have completed the acquisition of Asda, Walmart’s wholly-owned UK business, for an enterprise value of £6.8 billion, on a debt-free and cash-free basis.

The Issa brothers and TDR Capital have acquired a majority ownership stake in Asda, while Walmart will...

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Feb 17 8:25 AM, General News

Smart Foodservice Warehouse Stores to Become US Foods CHEF’STORE

US Foods Holding Corp. announced that effective March 1, Smart Foodservice Warehouse Stores will be rebranded as US Foods CHEF’STORE. US Foods acquired Smart Foodservice Warehouse Stores in April 2020 to accelerate growth in the cash and carry market. This change will combine the power of the US Foods brand with the assortment, pricing and customer service of Smart Foodservice Warehouse Stores and pave the way for an enhanced customer experience.

“Our new CHEF’STORE branding represents the next step in our continued partnership with US Foods,” said Derek Jones, president, US Foods CHEF’STORE. “Smart Foodservice Warehouse Stores and US Foods share a commitment to...

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Feb 16 8:25 AM, General News

Hormel Foods Adds Another Strategic Leading Brand to its Portfolio with the Acquisition of Planters

Hormel Foods Corporation, a global branded food company, announced that it has entered into a definitive agreement to acquire the Planters® snack nut portfolio from the Kraft Heinz Company. The proposed transaction is expected to close in calendar Q2 2021, subject to regulatory review and approval. The acquisition includes the Planters®, NUT-rition®, Planters®Cheez Balls and Corn Nuts®brands. Hormel Foods will acquire the business for $3.35 billion in cash in a transaction that provides a tax benefit valued at approximately $560 million, equating to an effective purchase price of $2.79 billion.

"Planters®is an iconic leading snack brand with universal consumer awareness," said Jim Snee, chairman of the board, president and chief executive officer of Hormel Foods. "The acquisition of the Planters®business adds another...

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Feb 12 8:29 AM, General News

Price Chopper/Market 32 and Tops Markets to Merge, Nearly Doubling Their Footprint in the Northeast

Price Chopper/Market 32 and Tops Markets today announced that they have entered into a definitive merger agreement that creates a powerful alliance between the two storied independent grocery chains, as it nearly doubles their collective footprint in the Northeast.

This transaction unites two iconic New York-based grocery chains with deep ties to their local communities and shared commitments to service, savings, and convenience. With increased scale across their almost perfectly contiguous footprints, the merged companies are expected to be better positioned to compete and offer even more value and outstanding services to their customers across the Northeast...

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Feb 9 8:28 AM, General News

Cargill Expands Value-Added Protein Footprint Through Acquisition of ProPortion Foods

Cargill, the global food, agricultural, financial and industrial products company, announced the expansion of its value-added protein footprint through the acquisition of ProPortion Foods, a food manufacturer that supplies a variety of innovative fully cooked products, portion control steaks and marinated ready-to-grill meats.

Through the purchase, which closed in December 2020, Cargill gains two further-processed protein plants in Round Rock, Texas and Vernon, California. The Round Rock and Vernon facilities will deliver a variety of quality, fully cooked protein products for Cargill’s...

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Jan 27 8:23 AM, General News

Livekindly Collective Expands Its Brand Portfolio With the Acquisition of Iceland Foods’ No Meat

LIVEKINDLY Collective, a collection of heritage and start-up brands, announced the acquisition of No Meat, Iceland Foods’ vegan meat alternative company.

“This acquisition is very complementary to our current portfolio further strengthening our position in the frozen sector of the fast-growing plant-based meat category", says Domenico Speciale, General Manager for LIVEKINDLY Collective in the UK. "No Meat has been such an incredible success with...

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Jan 7 8:25 AM, General News

Save A Lot Announces Sale of 51 Stores to Fresh Encounter

Save A Lot, one of the largest discount grocery chains in the U.S., today announced the latest update to its wholesale model transition with the sale of its 51 company-operated stores in the Tampa, Florida market to Fresh Encounter, a current Save A Lot Retail Partner licensee. Fresh Encounter will continue to operate the stores under the Save A Lot banner.

Today’s announcement builds on the successful completion of a comprehensive recapitalization of the business and significant deleveraging of the Company’s balance sheet in early 2020...

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Dec 28 10:07 AM, Urner Barry

Inspire Brands Completes Acquisition of Dunkin’ Brands

Inspire Brands announced the completion of its $11.3 billion acquisition of Dunkin’ Brands Group.

With the addition of Dunkin’ and Baskin-Robbins, Inspire now encompasses nearly 32,000 restaurants across more than 60 countries generating $26 billion in annual system sales, making it the second-largest restaurant company in the U.S. by both system sales and locations. Inspire’s family of brands includes Arby’s, Baskin-Robbins, Buffalo Wild Wings, Dunkin’, Jimmy John’s, Rusty Taco, and SONIC Drive-In.

“We are very excited to welcome the Dunkin’ and Baskin-Robbins brands into the Inspire family. Dunkin’ and Baskin-Robbins are category leaders and two of...

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Dec 16 8:14 AM, General News

FAT Brands Agrees to Combine with Fog Cutter Capital Group

FAT (Fresh. Authentic. Tasty.) Brands Inc. (NASDAQ: FAT) (“FAT Brands” or the “Company”) announced today that it has entered into an agreement to combine with Fog Cutter Capital Group Inc. (FCCG), the Company’s controlling stockholder. The merger is intended to provide FAT Brands with increased financial flexibility and simplified corporate structure, at a time in the restaurant industry when committed capital and first mover advantage are critical to strategic acquisitions.

Andy Wiederhorn, President and CEO of FAT Brands, stated “We have taken a number of steps in 2020 to bolster our balance sheet and ensure that FAT Brands is as nimble and opportunistic as possible, especially in this environment...

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Dec 11 8:21 AM, General News

Technomic's Take: 2021 Global Trends Outlook

We can only guess what’s in store for 2021 in the global restaurant space. 2020 showed us—among so many things—that what’s expected and what happens don’t always align, to say the least. That said, we think our 2020 restaurant trend forecast holds up fairly well given the reality of the marketplace affected so drastically by the pandemic. Ghost kitchens certainly moved mainstream. Vegan fare got more space to stretch and grow. Plant-based meats continued to inform product development, especially across Asia. Beverage chains certainly broke out from the crowd—again, especially in Asia. And halloumi, pinsa pizzas and sliders had strong showings on chain menus across the world. So, what’s in store for the coming year...

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Dec 10 8:22 AM, General News

Uber Completes Acquisition of Postmates

Uber Technologies, Inc. announced that it has completed the acquisition of Postmates Inc. in an all-stock transaction, and that the two companies have begun the process of integrating U.S. operations.

As previously announced, the transaction brings together Uber’s global Mobility and Delivery platform with Postmates’ beloved business in the U.S. to strengthen the delivery of food, groceries, essentials, and other goods. The consumer-facing Postmates and Uber Eats apps will continue to run separately, supported by...

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Dec 2 8:22 AM, General News

HelloFresh Acquires Ready-to-Eat Meal Company Factor75

US subsidiaries of HelloFresh SE, have entered into an agreement to acquire all of the outstanding equity interests of Factor75, Inc. (including its subsidiaries “Factor”). HelloFresh is the leading provider of meal kits in the world and in the US. Factor is a leading provider of fully-prepared, fresh meals that combine health, convenience and restaurant-quality taste.

The acquisition marks the next step in HelloFresh’s growth plan in the US to strengthen its leading position and to expand its total addressable market. The total purchase price for the acquisition is up to...

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Nov 24 8:19 AM, General News

Sanderson Farms Issues Statement on Unsolicited Proposal 

Sanderson Farms, Inc. issued the following statement:

Sanderson Farms has not received a proposal from Tyson Foods and Durational Capital Management. The Sanderson Farms Board of Directors has unanimously rejected an unsolicited proposal from Durational Capital Management, a new shareholder, to acquire the Company for $142 per share, a price that very substantially undervalues Sanderson Farms and its future prospects and is significantly below the 52-week high share price of $179.45. After careful consideration, with the assistance of its financial and legal advisors, the Board unanimously determined that the highly conditional and opportunistic proposal is not...

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Oct 30 8:58 AM, General News

Quirch Foods Completes Merger With Colorado Boxed Beef One Month After Making Initial Announcement

On September 18 Quirch Foods and Colorado Boxed Beef announced that they had agreed to merge their companies. Now, a month later, the merger is officially complete. 

“With Colorado Boxed Beef and its operating companies now part of our unique portfolio of leading protein companies, we have increased our core domestic retail business and expanded into new geographies and channels,” said Frank Grande, President and CEO of Quirch. “As a result, we are delivering a broader and more diverse product offering, including a number of...

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Oct 29 11:59 AM, SeafoodNews

ADP Direct Poultry Acquires Cami International

ADP Direct Poultry announced the acquisition of Cami International Poultry. Cami is a poultry slaughter and processing company located in Welland, Ontario, and employs 55 people.

"I've believed for years that vertical integration was critical to the company's long-term aspirations. Cami's business operations end where ADP's further poultry processing operations begin, so there isn't overlap between the two businesses. This acquisition gives ADP a consistent supply of poultry with the size and specification required by ADP customers, which makes Cami the perfect addition to the ADP team' said Augo Pinho, President & CEO of ADP.

Terms of the deal will remain confidential, but 100% of Cami shares were acquired, and...

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Oct 6 8:46 AM, General News


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