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Cal-Maine Foods Announces Definitive Agreement to Acquire Egg Production Assets of Mahard Egg Farm

Cal-Maine Foods, Inc. today announced that it has reached a definitive agreement to acquire substantially all of the assets of Mahard Egg Farm, relating to its commercial shell egg production, processing, distribution and sale of shell eggs business. The assets to be acquired, subject to the completion of this transaction, include commercial shell egg production and processing facilities with current capacity for approximately 3.9 million laying hens and permitted capacity for up to 8.0 million laying hens, a feed mill, pullets and related production facilities located in Chillicothe, Texas, and Nebo, Oklahoma, and a distribution warehouse located in Gordonville, Texas. The Company expects to close the transaction in the next few weeks.

Commenting on the announcement, Dolph Baker, chairman and chief executive officer of Cal-Maine Foods, Inc., said, “We are very pleased to announce the acquisition of these assets from Mahard Egg Farm. Cal-Maine Foods already has...

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Oct 17 9:11 AM, General News

Cracker Barrel Acquires Maple Street Biscuit Company

Cracker Barrel Old Country Store, Inc. announced it has acquired Maple Street Biscuit Company in an all-cash transaction for $36 million. Maple Street Biscuit Company was founded by Scott Moore and Gus Evans in Jacksonville, FL in 2012. It currently has 28 company-owned and five franchised fast casual locations across seven states. Maple Street Biscuit Company has targeted AUVs of $1.0+ million and targeted store-level EBITDA of 17%+ of net sales. The Company plans to convert its Holler & Dash Biscuit House units into Maple Street Biscuit Company locations in the coming months. Scott Moore will remain CEO of Maple Street Biscuit Company and will report directly to Sandra B. Cochran, President and CEO of Cracker Barrel.

“The breakfast and lunch-focused fast casual category is an attractive segment, and our experience with Holler & Dash has reinforced this belief. We have long admired Maple Street Biscuit Company with...

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Oct 15 8:15 AM, General News

The Cheesecake Factory Completes Acquisitions of North Italia and Fox Restaurant Concepts

The Cheesecake Factory Incorporated announced that it has closed the acquisitions of North Italia and Fox Restaurant Concepts (“FRC”), including Flower Child.

The transactions were completed for $308 million in consideration at closing, including $12 million earmarked for customary post-closing adjustments. An additional $45 million will be due ratably over the next four years, and the FRC transaction also includes an earn-out provision based on the financial performance of the FRC brands outside of North Italia and Flower Child. The Company previously invested...

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Oct 4 8:18 AM, Urner Barry

Inspire Brands to Acquire Jimmy John’s

Inspire Brands (“Inspire”) today announced that it has entered into an agreement to acquire Jimmy John’s Sandwiches (“Jimmy John’s”). The agreement was unanimously approved by the Jimmy John’s Board of Directors, including Founder and Chairman Jimmy John Liautaud. The financial terms of the transaction were not disclosed.

Inspire is a multi-brand restaurant company whose portfolio includes more than 8,300 Arby’s, Buffalo Wild Wings, SONIC Drive-In and Rusty Taco locations worldwide.Following the completion of the transaction, Inspire will be the fourth-largest restaurant company in the United States with more than $14 billion in annual system sales and more than 11,200 restaurants across 16 countries.

“Jimmy John’s has found the ideal home at Inspire,” Liautaud said. “Inspire’s long-term approach, culture of innovation and commitment to...

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Sep 25 8:49 AM, General News

McDonald’s to Acquire Apprente, an Early Stage Leader in Voice Technology

McDonald’s Corporation (MCD) announced today an agreement to acquire Apprente, an early stage leader in voice-based, conversational technology. The agreement marks another bold step in advancing employee and customer facing innovations while further strengthening McDonald’s technology capabilities. The announcement comes after extensive exploration with several parties, including evaluating Apprente’s solutions in McDonald’s test restaurants.

Apprente was founded in 2017 in Mountain View, California, to create voice-based platforms for complex, multilingual, multi-accent and multi-item conversational ordering. In McDonald’s restaurants, this technology is expected to allow for faster, simpler and more accurate order taking at the Drive Thru with future potential to incorporate into mobile ordering and kiosks.

“Building our technology infrastructure and digital capabilities are fundamental to our Velocity Growth Plan and enable us to meet rising expectations from our customers, while...

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Sep 10 10:02 AM, General News

Tyson Foods Partners with Grupo Vibra to Continue its Global Growth Strategy

Buys a 40% stake in the foods division of the Brazilian poultry company

As part of its global growth strategy, Tyson Foods, Inc. (NYSE: TSN) has reached an agreement to invest in the foods division of Grupo Vibra (“Vibra Foods”), a Brazilian producer and exporter of poultry products. Once completed, the deal will give Tyson Foods more flexibility in serving customers in key global markets. Terms of the agreement were not disclosed, and the transaction is still subject to approval by Brazilian regulators.

“This investment will enable us to access poultry supplies in Brazil to meet the growing needs of Brazilian customers and of priority demand markets in Asia, Europe and the Middle East,” said Donnie King, group president, international & chief administration officer for Tyson Foods. “It’s part of our strategy to develop a more flexible supply chain and mitigate the volatility of our previous model, which relied primarily on U.S. exports.”

Since last year, Tyson Foods has...

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Aug 30 10:03 AM, Urner Barry

HFM FoodService Becomes Sysco Hawaiʻi

Sysco Corporation (NYSE: SYY), the leading global foodservice distribution company, announced that HFM FoodService will officially change its name to Sysco Hawaiʻi today, while celebrating the grand opening of its 3,000 square-foot, state-of-the-art Test Kitchen at the company’s Oahu facility. Additionally, Sysco Hawaiʻi presented the Hawaiʻi Foodbank with a $25,000 donation to reaffirm its commitment to ending hunger, as part of Sysco Hawaiʻi’s Nourishing Neighbors program.

HFM has been the leading wholesale foodservice distributor in the Pacific region for more than 50 years, and in October 2017, HFM was acquired by Sysco Corporation, the leading global distributor of food and related products.

“With the new Sysco Hawaiʻi, we now offer the “best of local from a global company,” said Jason Wong, president, Sysco Hawaiʻi. “We will leverage the strengths of the entire Sysco Hawaiʻi team with...

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Aug 29 8:17 AM, General News

Pilgrim’s to Acquire Tulip Limited, Creating Integrated Prepared Foods Leader in Europe

Pilgrim’s Pride Corporation today announced that it has signed a contract to acquire Tulip Limited, a leading, integrated prepared foods supplier with 12 fresh and value-added operations in the United Kingdom, from Danish Crown. The transaction solidifies Pilgrim’s as a leading European food company, creating one of the largest integrated prepared foods businesses in the UK with a portfolio of brands and retail private label solutions.

The transaction, unanimously approved by Pilgrim’s Board of Directors and funded with cash on hand, values Tulip Limited at £290 million (or approximately $354 million based on a 1.22 exchange rate as of August 27, 2019). The purchase amount represents 5.4x implied expected EBITDA.

“We are pleased to strengthen our European foods platform with the acquisition of Tulip Limited, which positions Pilgrim’s as a leading global prepared foods player,” said Jayson Penn, Pilgrim’s global chief executive officer. “The transaction represents...

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Aug 28 8:56 AM, General News

Mrs. Ressler's Food Products Acquires Emils Organics 

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Aug 27 8:18 AM, General News

Sysco Acquires J. Kings Food Service Professionals

Sysco Corporation (NYSE:SYY), the leading global foodservice distribution company, today announced it has acquired J. Kings Food Service Professionals, a New York broadline distributor with approximately $150 million in annual sales.

J. Kings Food Service Professionals, headquartered in Holtsville, New York, was founded by John King more than 45 years ago. Today, the company has grown to one of the leading independent broadline distributors in the New York area, also servicing customers in Connecticut and New Jersey. The majority of the company’s customers are independent restaurant operators, but the company also serves institutional, retail and multi-unit customers.

“J. Kings is a well-respected, New York area broadline distributor, and we are happy to welcome them into the Sysco family of businesses,” said Greg Bertrand, Sysco’s executive vice president, U.S. foodservice operations. “As Sysco continues to focus on...

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Aug 13 8:54 AM, General News

Aramark Acquires On-Demand Food Delivery Service, Good Uncle

Aramark (NYSE:ARMK), a global leader in food, facilities management and uniforms, today announced the acquisition of privately-held Good Uncle, an innovative, app-based on-demand food delivery service that brings freshly prepared, restaurant quality meals to conveniently located pick-up points around college campuses. The addition of this concierge service to the Aramark portfolio furthers the company’s commitment to advancing innovation through culinary-and technology-driven solutions that better serve customers and clients.

“We are pleased to welcome the Good Uncle team to the Aramark family. As consumer dining habits evolve, we’re continually looking for new ways to disrupt the marketplace with innovative services,” said Eric J. Foss, Aramark’s Chairman, President and CEO. “Good Uncle strengthens our ability to offer...

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Aug 7 8:17 AM, General News

The Cheesecake Factory to Acquire Fox Restaurant Concepts and Remaining Interest in North Italia

The Cheesecake Factory Incorporated (NASDAQ: CAKE)today announced that it has entered into definitive agreements to acquire Fox Restaurant Concepts (“FRC”) and the remaining interest in North Italia, reinforcing its leadership position in experiential dining.

“Since making our initial minority investments in North Italia and Flower Child in 2016, we have not only helped fuel the growth of both brands, but also developed a deep relationship with Sam Fox at Fox Restaurant Concepts,” said David Overton, Chairman and Chief Executive Officer of The Cheesecake Factory Incorporated. “We realized the true potential of this relationship as we worked through the integration process for our planned acquisition of North Italia. It became evident that the combination of two of the most experiential and entrepreneurial restaurant companies could drive greater value as one organization.”

Overton continued, “In turn, we have decided to bring together North Italia and Fox Restaurant Concepts, including Flower Child, with The Cheesecake Factory to reinforce our leadership position in...

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Aug 1 9:09 AM, General News

Hooters of America Acquired by Nord Bay Capital and TriArtisan Capital Advisors

Hooters of America, LLC (“HOA”, “Hooters” or the “Company”) announced today that Nord Bay Capital (“Nord Bay”) and its advisor TriArtisan Capital Advisors LLC (“TriArtisan”) have closed on a transaction to acquire HOA from H.I.G. Capital (“H.I.G.”), Chanticleer Holdings (NASDAQ: BURG) and other investors. Financial terms of the deal were not disclosed. As part of the transaction, the selling entities will each retain a stake in the Company.

Terry Marks, Chief Executive Officer, HOA commented: “The partnership with Nord Bay and TriArtisan comes at an ideal time for the company, bringing fresh partners with complementary skills and experience to support our next phase of growth to the benefit of...

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Jul 2 9:41 AM, General News

Performance Food Group Company to Acquire Reinhart Foodservice

Performance Food Group Company (“PFG”) (NYSE: PFGC) today announced it has entered into a definitive agreement to acquire Reinhart Foodservice, L.L.C (“Reinhart”) from Reyes Holdings, L.L.C. in a transaction valued at $2.0 billion, or approximately $1.7 billion net of an estimated tax benefit to PFG of approximately $265 million. With annual net sales of over $6 billion, Reinhart is the second largest privately held foodservice distributor in the U.S. and is headquartered in Rosemont, IL.

“We are excited to announce the strategic acquisition of Reinhart and welcome them to Performance Food Group,” said George Holm, PFG Chairman, President & Chief Executive Officer. “I’ve known the Reyes family for nearly two decades, and...

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Jul 2 8:24 AM, General News

Hain Celestial Completes Sale of Hain Pure Protein

The Hain Celestial Group, Inc. (Nasdaq: HAIN) ("Hain Celestial" or the "Company"), a leading organic and natural products company with operations in North America, Europe, Asia and the Middle East providing consumers with A Healthier Way of Life™, today announced that, consistent with the Company's prior announcement on May 9, it has completed the sale of all of its equity interest in Hain Pure Protein Corporation, which includes the FreeBird™ and Empire® Kosher businesses, to Aterian Investment Partners for a purchase price of $80 million, subject to customary adjustments. Hain Celestial expects to use net proceeds from the sale to pay down debt...

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Jul 2 8:16 AM, General News

FAT Brands Completes Acquisition of Elevation Burger

FAT (Fresh. Authentic. Tasty.) Brands Inc. (NASDAQ: FAT) (“FAT Brands” or the “Company”) announced that it has successfully completed the acquisition of Elevation Burger for $10 million which was funded through a combination of sellers’ notes and cash. With the acquisition of Elevation Burger, FAT Brands now franchises more than 400 restaurants around the world with annual system-wide sales exceeding $400 million.

Elevation Burger was originally conceived in 2002 by Hans Hess as a healthier burger offering. Delivering authentic, sustainably prepared food, Elevation Burger offers grass-fed, free-range options that are better for consumers and for the environment. Elevation Burger franchises 44 locations across the U.S. and internationally. Utilizing FAT Brands' vast expertise and resources, the acquisition is set to propel Elevation's forthcoming expansion, both globally and domestically...

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Jun 20 9:46 AM, General News

United Premium Foods Purchases Amboy Group Out of Bankruptcy

The Board of Directors of United Premium Foods (“UPF”), a private investment group based in N.J., today announced the company has purchased the Amboy Group, a provider of quality meat and food products, out of bankruptcy. In addition to UPF’s acquisition of Amboy, Amboy Woodbridge Realty, an entity affiliated with UPF, acquired the real property and cold storage business.

“The acquisitions include a state-of-the-art meat processing and cold storage facility, as well as an extremely strong and loyal customer base,” said Jim Kwon, chairman and acting CEO, UPF. “We are confident that with additional working capital, supplemental management and a new operating team, we can improve operating efficiencies while growing the company’s market share and reach. This investment is affirmation of our belief in the strong fundamentals of the business and our confidence in the upside potential of this company...

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Jun 18 9:47 AM, General News

Tyson Foods Completes Acquisition of Thai and European Businesses from BRF S.A.

Tyson Foods, Inc. (NYSE: TSN) announced today the successful completion of the acquisition of the Thai and European businesses from BRF S.A. The purchase includes four production facilities in Thailand, and one each in the Netherlands and the United Kingdom. These businesses build on the company’s growth strategy to expand offerings of value-added protein in global markets.

“The addition of this experienced and talented team combined with these businesses strengthens our capabilities and increases our reach to new markets. I’m glad to welcome them to the Tyson Foods family,” said Noel White, president and CEO of Tyson Foods. “We’re now strategically aligned to better serve customers in Europe, the Middle East, and Asia, building on our global strategy.”

It’s estimated that approximately 90 percent of global protein consumption growth will occur outside the United States, with 60 percent of the volume growth coming from...

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Jun 4 9:51 AM, General News

Perdue Premium Meat Company to Acquire Panorama Meats

The nation’s largest producer of grass-fed, organic beef to grow with support of new resources

Panorama Meats®, the nation’s largest producer of 100 percent grass-fed and grass-finished certified organic beef, today announced they were joining Perdue Premium Meat Company, Inc., an industry leader in sustainable agriculture and humane animal care. Panorama will be the most recent brand to join the Perdue Farms family of sustainable premium meat companies that include Niman Ranch®, Coleman Natural®, Prairie Grove® and Sioux-Preme® Packing Co. Panorama’s nearly 50 independent family ranchers raise U.S. born cattle and span seven states and one million acres of USDA Certified Organic grasslands in Northern California, Southern Oregon, Montana, South Dakota, Nebraska, Wisconsin, and Colorado.

“Perdue Premium Meat Company brings long-term stability and shared resources that will...

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May 24 9:25 AM, Urner Barry

Announcement Regarding Proposed Merger of Asda and Sainsbury’s

The UK Competition and Markets Authority (CMA) has today published its Final Report on the proposed merger of Asda and Sainsbury’s, resulting in prohibition of the merger.

Despite the clear customer benefits of the proposed merger, as a result of the CMA’s findings, Asda, its parent Walmart and Sainsbury’s have mutually agreed to terminate the transaction.

Commenting on the proposed merger of Asda and Sainsbury’s, Judith McKenna, CEO of Walmart International, said:

“We have been clear from the beginning of the proposed merger about two things. Firstly, that retail is rapidly changing and standing still is not an option, and secondly that...

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Apr 25 8:22 AM, General News

Americold Realty Trust Announces the Strategic Acquisition of Cloverleaf Cold Storage

Americold Realty Trust (NYSE: COLD) (the “Company” or “Americold”), the world’s largest publicly traded REIT focused on the ownership, operation and development of temperature-controlled warehouses, announced today that the Company has entered into a definitive agreement to acquire privately-held Chiller Holdco, LLC (“Cloverleaf Cold Storage” or “Cloverleaf”) from Cloverleaf management and an investor group led by private equity funds managed by Blackstone (NYSE: BX) for a purchase price of $1.24 billion (subject to customary adjustments). The closing of the acquisition is subject to customary closing conditions and is expected to occur in the second quarter of 2019.

Founded in 1952 and based in Sioux City, Iowa, Cloverleaf is the fifth largest cold storage provider in the United States by refrigerated cubic feet and serves over 360 customers. The portfolio to be acquired consists of ...

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Apr 17 8:16 AM, General News

Sysco Acquires J & M Wholesale Meats and Imperio Foods

Sysco Corporation (NYSE:SYY), the leading global foodservice distribution company, today announced it has acquired J & M Wholesale Meats and Imperio Foods, Inc., leading California distributors with approximately $44 million in combined annual sales.

J & M Wholesale Meats and Imperio Foods, sister companies based out of Modesto, California, operate throughout northern California and Oregon. J&M Meats, founded in 2003, is a foodservice distributor who specializes in center of the plate products, serving foodservice customers and small retail locations in the Hispanic segment. Imperio Foods was founded in 2014 and ...

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Apr 12 8:51 AM, General News

Central Valley Meat Holding Company to Acquire Harris Farms’ Beef Operations

Harris Farms, Inc. (“Harris Farms”) Owner John Harris and Central Valley Meat Company, Inc. President and CEO Brian Coelho announced today that Central Valley Meat Holding Company will acquire Harris Ranch Beef Holding Company (“Harris Ranch Beef”), including its wholly owned subsidiaries, Harris Feeding Company and Harris Ranch Beef Company. Financial terms of the transaction were not disclosed.

“We have known and respected John Harris and Harris Ranch Beef for decades, and I am pleased to have this once-in-a-lifetime opportunity to continue the business’ family-owned legacy and pursue its tremendous potential for growth here in the Central Valley,” said Mr. Coelho. “While Central Valley Meat Company and Harris Ranch Beef will continue to ...

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Apr 10 8:14 AM, General News

OSI Group Acquires Rose Packing Company, Inc.

OSI Group is pleased to announce the acquisition of Rose Packing Company, Inc., a well-established, premier U.S. producer of pork products for leading foodservice and retail customers.

A fifth generation, family-owned and operated leader in the meat industry, Rose is headquartered in Barrington, Illinois, and operates a Chicago production facility with more than 700 employees.

“This transaction brings together two long-time leaders in the food industry, and we are excited to have Rose join the OSI Group,” said Kevin Scott, Senior Executive Vice President, OSI North America. “Strategically, the Rose acquisition complements our existing business and directly supports our growth strategy by providing ...

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Apr 9 8:23 AM, General News

McDonald’s to Acquire Dynamic Yield

McDonald’s Corporation (MCD) and Dynamic Yield Ltd. today announced an agreement by which McDonald’s will acquire Dynamic Yield, a leader in personalization and decision logic technology. With this acquisition of Dynamic Yield, based in New York and Tel Aviv, McDonald’s builds on its significant technology investments for growth.

McDonald’s will utilize this decision technology to provide an even more personalized customer experience by varying outdoor digital Drive Thru menu displays to show food based on time of day, weather, current restaurant traffic and trending menu items. The decision technology can also ...

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Mar 26 8:44 AM, General News

Kroger and Peak Rock Capital Announce Definitive Agreement for Purchase of Kroger's Turkey Hill

The Kroger Co. (NYSE: KR) and Peak Rock Capital, a leading middle-market private equity firm based in Austin, Texas, today announced a definitive agreement for the sale of Kroger's Turkey Hill business to an affiliate of Peak Rock Capital.

As part of the sale agreement, the Peak Rock Capital affiliate will continue to operate the Turkey Hill business out of its large Conestoga, Penn., facility with its nearly 800 full-time, part-time and seasonal associates and under the same recognizable Turkey Hill brand.

"We believe this is the right step to ensure the Turkey Hill business can meet its full potential and continue to grow its successful ice cream and ...

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Mar 20 1:30 PM, General News

Kroger and Inmar Finalize Strategic Relationship

Inmar and The Kroger Co. (NYSE: KR) today announced the completion of Inmar's acquisition of You Technology, LLC, a digital coupon and digital rebate publishing platform, from Kroger and the finalization of Inmar's long-term service agreement to provide digital coupon services to the Kroger family of stores.

Kroger's sale of YouTech to Inmar was for total consideration of $565 million, including $400 million of cash consideration received upon closing. Kroger intends to use the after-tax cash proceeds from the sale to reduce debt.

"The monetization of our investment in YouTech and long-term agreement with Inmar demonstrate how Kroger can create value in different ways ...

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Mar 13 8:53 AM, General News

National Beef to Own Iowa Premium LLC

National Beef Packing Company, LLC, today announced that it has approved a transaction that will result in it owning 100 percent of the ownership interests in Iowa Premium, LLC, (IP). The transaction is subject to customary conditions, including the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act, and is expected to close in the second quarter of 2019.

Iowa Premium, located in Tama, Iowa employs over 800 people and processes approximately 1,100 head of Black Angus fed cattle per day. The company is well known for ...

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Mar 12 8:17 AM, General News

Slyce Debuts Visual Search Solutions for Grocery Retailers

Over the last few years, visual search has become known as a tool to find celebrity fashion and hard-to-describe decor. Now the camera technology is ready for its next retail sector: Grocery. At the 2019 Shoptalk retail conference in Las Vegas, Slyce is debuting how visual search is capable of solving a host of problems for supermarket retailers and consumers.

Slyce, which currently powers visual search for 60 retailers, announced that multiple grocery retailers are licensing its mobile SDK to power a list-building experience in their apps. Using Slyce's "batch capture" mode, a consumer can build a list by scanning barcodes, product labels, or ...

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Mar 5 3:03 PM, General News

Paulson & Co. Inc. and TriArtisan Capital Advisors LLC Acquire P.F. Chang's China Bistro

Paulson & Co. Inc. ("Paulson"), TriArtisan Capital Advisors LLC ("TriArtisan") and Centerbridge Partners, L.P. ("Centerbridge") today announced that they have closed a transaction in which Paulson and TriArtisan acquired P.F. Chang's China Bistro, Inc. ("P.F. Chang's" or the "Company") from Centerbridge.

Jim Bell, CEO of P.F. Chang's, said, "We want to thank Centerbridge Partners for their strong support of P.F. Chang's. We are fortunate to have a partnership with Paulson and TriArtisan which will allow us to implement a collaborative growth strategy. Paulson and TriArtisan bring financial strength and ...


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Mar 4 2:24 PM, General News

Linear Logistics Acquires Preferred Freezer Services to Become #1 Temperature Controlled Logistics Co.

Lineage Logistics announced on Monday that they have signed a definitive agreement to acquire Preferred Freezer Services. The acquisition makes Lineage Logistics the largest refrigerated warehousing and logistics provider in North America, as well as global.

“We are thrilled to welcome Preferred into the Lineage family of companies,” said Greg Lehmkuhl, Lineage President and CEO. “Bringing their first-class management team, deep industry experience and network of strategically located facilities into our organization will enable us to provide best-in-class service offerings for customers worldwide...

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Feb 25 9:08 AM, SeafoodNews

Olymel Announces the Closing of its Vanier Plant in Quebec City 

Olymel L.P. is Canada's leader in the production, processing,  and distribution of pork and poultry meats. The company employs over 13,000 people and has production and processing facilities in Quebec, Alberta, New Brunswick, and Saskatchewan. Today, the management of Olymel L.P. is announcing its decision to cease operations at its Vanier plant in Quebec City. The decision will come into effect on May 10, according to the provisions of the Act respecting labour standards. Olymel is also announcing that the Vanier plant's activities, such as the production of cretons, bologna, pepperoni, and spaghetti sauce will now be carried out at its Blainville plant, north of Montreal, which will require an additional investment of $2 million and create 30 jobs.

President and CEO of Olymel, Réjean Nadeau, stated “Olymel's management made the difficult decision to close the Vanier plant in the general interest of ...



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Feb 22 8:12 AM, Urner Barry

Hormel Sells Muscle Milk Maker to Pepsi

Hormel Foods Corporation announced today that it will be selling CytoSport, a protein product business, to PepsiCo, Inc.

CytoSport’s brand list consists of trademarks Muscle Milk and EVOLVE. Muscle Milk has long been distributed alongside PepsiCo products, a partnership which Hormel CEO Jim Snee says “puts them in a strong position to grow this dynamic business”.

Both Muscle Milk and EVOLVE product lines include protein shakes, bars, and powders, and the trademarks largely differentiate themselves using...

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Feb 20 11:13 AM, Urner Barry

Tyson Foods to Acquire Thai and European Operations from BRF S.A.

Tyson Foods, Inc. (NYSE: TSN) today announced a definitive agreement to acquire the Thai and European operations of BRF S.A. The $340 million (USD) purchase includes four processing facilities in Thailand, one processing facility in the Netherlands and one processing facility in the United Kingdom. This deal builds on the company’s growth strategy to expand offerings of value-added protein in global markets.

“As noted when we acquired Keystone Foods on November 30, we believe some of our biggest growth opportunities are in value-added foods and international markets,” said Noel White, president and CEO of Tyson Foods. “In addition to domestic benefits, the Keystone acquisition provided us with ...

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Feb 7 8:49 AM, General News

Sysco to Acquire Waugh Foods, Inc.

Sysco Corporation, the leading global foodservice distribution company, today announced it has entered into a definitive agreement to acquire Waugh Foods, Inc., a leading Illinois broadline distributor with approximately $40 million in annual sales.

Waugh Foods Inc., headquartered in East Peoria, Ill. has been in business for 70 years. Joseph A. Waugh, Sr. founded Waugh Frozen Food Company in 1948, and in 1966, after additions to the company’s product lines, the name was changed to Waugh Foods, Inc. Today, the company provides a wide variety of products to customers throughout Central Illinois.

“Waugh Foods has a long, rich history in the Central Illinois area, which includes strong relationships with local independent operators,” said Greg Bertrand, executive vice president, U.S. foodservice operations. “We are excited to... 

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Jan 29 8:59 AM, General News

Bojangles’ Becomes a Private Company with New Executive Appointments 

Bojangles’, Inc. (“Bojangles’” or the “Company”) (NASDAQ: BOJA) announced that its all-cash acquisition by Durational Capital Management LP and The Jordan Company, L.P. is complete, effective today. The acquisition was previously announced on November 6, 2018.

Bojangles’ will operate as an independent, privately-held company and will remain based in Charlotte, N.C.

“We are pleased to have successfully completed this transaction in partnership with Bojangles’ and The Jordan Company,” said Eric Sobotka, Managing Partner at Durational Capital Management. “We are excited to begin working with ...

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Jan 29 8:44 AM, General News

GrubMarket Continues its Sizzling Growth Across the West Coast with the Acquisition of Chasin Foods

rubMarket today announced it has completed the acquisition of Chasin Foods, a leading wholesale distributor of quality produce, dairy, meats, seafood, and provisions. Chasin Foods was formally an independent, family owned distributor with a portfolio of clients including markets, manufacturers, jobbers, schools, chain restaurants, single unit restaurants and large institutional accounts across the Southern California region. This acquisition follows in the footsteps of GrubMarket's recent acquisition of So Cal Farm Network last year, which has proven to be highly successful. Chasin Foods will now be able to leverage GrubMarket's robust produce supply chain network to quickly expand its offerings to even more ...

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Jan 15 2:47 PM, General News

Stop & Shop to Acquire King Kullen Grocery Co.

Stop & Shop announced today it has agreed to acquire King Kullen Grocery Co., Inc. The agreement includes King Kullen’s 32 supermarkets, five Wild by Nature stores and the use of its corporate office located in Bethpage, N.Y.

“King Kullen is a well-respected grocery chain in the Long Island market that has an 88-year tradition of excellent customer service,” said Mark McGowan, President of Stop & Shop. “We look forward to bringing our quality, selection and value to more communities in Nassau and Suffolk Counties.”

The acquisition is currently expected to close during the first quarter of 2019, subject to ...

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Jan 4 1:53 PM, General News

Applebee's Purchases 69 Restaurants In Franchise Transaction

Today, Applebee's Grill and Bar announced the closing of the transaction purchasing 69 restaurants in North and South Carolina. The restaurants will be operated under industry veteran and Applebee's chief operating officer, Kevin Carroll.

"Through the third quarter of 2018, Applebee's business performance has been the best it's been in more than a decade as we continue to lead the casual dining category," says John Cywinski, Applebee's brand president. "I'm pleased with this transaction and confident in our plans to evolve and selectively refine our restaurant portfolio. We are consistently reviewing our portfolio and making strategic decisions to better position our brand for the future."

Applebee's same-restaurant sales increased 7.7 percent in the third quarter, a majority of which was driven by traffic, resulting in a third quarter year-to-date comp sales increase of... 

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Dec 17 9:28 AM, General News

Black Shamrock Partners Completes Sale of Smashburger to Jollibee Foods Corporation

Global Restaurant Group Buys Full Control from BSP

Black Shamrock Partners (BSP), formerly Consumer Concept Group & Affiliates, today announced that Jollibee Foods Corporation (PSE: JFC), Asia's largest food service company, has acquired the remaining 15 percent of Smashburger, the Denver-based 'better burger' concept, bringing Jollibee full ownership of the brand.

In 2015, Smashburger entered into a strategic partnership with Jollibee Foods Corporation to sell 40 percent of the Company at a $335M USD value ...

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Dec 14 12:30 PM, General News

Empire Company Completes Purchase of Farm Boy - Ontario's Best-in-Class Food Retailer

Empire Company Limited ("Empire" or the "Company") (TSX: EMP.A) announced today that it has completed its purchase of Farm Boy, one of the most exciting, fastest growing and successful food retailers in the country. All closing conditions, including receipt of a no-action letter from the Competition Bureau, have been satisfied.

"We are thrilled to officially team up with Farm Boy," said Michael Medline, President and CEO of Empire. "They have an incredible brand, great stores and customer service, and a superb leadership team. Founder and co-CEO Jean-Louis Bellemare and co–CEO Jeff York will remain investors in the company and will continue in their roles for the long term ...

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Dec 11 9:20 AM, General News

Inspire Brands Completes Acquisition of Sonic Corp.

Inspire Brands, Inc. today announced the completion of its $2.3 billion acquisition of Sonic Corp.

With the acquisition of Sonic, Inspire now encompasses more than 8,300 restaurants and generates annual systemwide sales in excess of $12 billion, making it the fifth-largest restaurant company in the United States. In addition to Sonic, Inspire’s restaurant portfolio includes Arby’s, Buffalo Wild Wings, and Rusty Taco.

“We are thrilled to officially welcome Sonic to the Inspire family,” said Paul Brown, Chief Executive Officer of Inspire Brands. “Sonic and its franchisees have created one of the most successful and distinctive brands in the restaurant industry ...

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Dec 7 12:12 PM, General News

C&S Wholesale Grocers to Acquire Olean Wholesale Grocery Cooperative, Inc.

C&S Wholesale Grocers, Inc. announced today that it has signed an agreement to acquire Olean Wholesale Grocery Cooperative, Inc. based in Olean, NY. The sale is expected to close in early 2019.

Olean Wholesale, a New York cooperative corporation founded in 1922, is a full-service grocery wholesaler with a variety of food products as well as non-food, household, and personal care items. The company services over 270 independent food retail and convenience stores throughout New York, Pennsylvania, and Northeast Ohio. Olean Wholesale has built its business upon their comprehensive product offerings, personalized customer service, and collaborative partnerships with independent retailers and manufacturers. Current CEO and President, Robert Ketchner, will continue to manage the day-to-day operations, ensuring consistency for the employees, customers, and vendors ...

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Dec 7 8:53 AM, General News

Flynn Restaurant Group LP Acquires 368 Arby’s Restaurant Locations  from U.S. Beef Corp.

Significant Acquisition Cements Flynn Restaurant Group’s Position as Largest Franchise Operator and Top 20 Foodservice Company in America Generating $2.3 Billion in Sales

RB American Group LLC, a wholly-owned subsidiary of Flynn Restaurant Group LP, today announced that it has acquired 368 Arby’s® restaurants throughout the U.S. from United States Beef Corporation (US Beef). Arby’s, the second largest sandwich restaurant brand in the world, is a perfect fit for Flynn Restaurant Group, whose portfolio includes household names like Applebee’s®, Panera Bread® and Taco Bell®. RB American Group will be Flynn Restaurant Group’s fourth prominent restaurant brand.

With this acquisition, Flynn Restaurant Group will own and operate a combined total of 1,245 quick-service, fast casual and casual dining restaurants, generating $2.3 billion in sales and employing approximately 50,000 people in 33 states. Flynn Restaurant Group’s subsidiaries include ...


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Dec 6 8:46 AM, General News

Giant Eagle Inc. Completes Acquisition of Ricker Oil Company Inc.

Formal agreement closure officially joins fresh food-focused GetGo and Ricker’s brands

Giant Eagle Inc., one of the nation’s largest multi-format food, fuel and pharmacy retailers, today announces its successful acquisition of Indiana-based Ricker Oil Company Inc. (“Ricker’s”). The finalized agreement brings Giant Eagle’s GetGo Cafe + Market (“GetGo”) and Ricker’s brands together in serving customers throughout Indiana.

Since opening its first Indianapolis area GetGo Cafe + Market in October 2015, Giant Eagle has been committed to providing Hoosiers with made-fresh-to-order foods, including mouthwatering, custom-made subs, burgers, breakfast sandwiches and more. Three years later, there are now ...


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Dec 5 12:40 PM, General News

Pizza Hut U.S. to Acquire Online Ordering Provider QuikOrder


Acquisition of Long-Time Pizza Hut Technology Partner Expands Digital Ordering Capabilities

Pizza Hut, a subsidiary of Yum! Brands, Inc. (NYSE: YUM), today announced that its U.S. business has entered into a definitive agreement to acquire QuikOrder, a leading online ordering software and service provider for the restaurant industry. Terms of the deal were not disclosed, but it marks one of Pizza Hut's largest acquisitions to date.

By acquiring QuikOrder's online ordering capabilities, Pizza Hut U.S. will improve its ability to deliver an easy and personalized online ordering experience and accelerate digital innovation across its base of more than 6,000 restaurants in the U.S. In 2018, approximately half of Pizza Hut U.S. sales were ...

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Dec 5 11:36 AM, General News

Bellisio Foods Acquires Frozen Specialties, Inc.

Bellisio Foods, Inc., part of the CP Foods worldwide family of companies, one of the nation’s largest and fastest growing frozen food companies, has entered into a definitive agreement with Swander Pace Capital to acquire Frozen Specialties, Inc. (FSI), a leading producer of frozen pizza and Pizza Bites® based in Perrysburg, Ohio. The acquisition closed last week and will be folded under Overhill Farms, Inc, a national leader in private label, co-manufacturing and foodservice products.

“This acquisition of FSI brings together our vibrant, growing companies who share an expertise in delivering delicious, exciting brands and private label products to retail customers that delight consumers,” said Ken Stickevers, President and CEO at Bellisio Foods, Inc.

FSI is a leading producer of private label and co-manufactured frozen Value Pizza and Pizza Bites and supports nearly every major retailer across the ...

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Dec 5 9:09 AM, General News

FAT Brands Acquires Yalla Mediterranean

Rapidly Growing West Coast Franchisor Expands with Acquisition of Authentic Mediterranean Cuisine Chain

FAT (Fresh. Authentic. Tasty.) Brands Inc. (NASDAQ: FAT) (“FAT Brands” or the “Company”) completed the acquisition of Yalla Mediterranean, a Los Angeles-based chain specializing in authentic, healthful Mediterranean cuisine and environmentally-friendly operations. With the acquisition of Yalla Mediterranean, FAT Brands franchises more than 300 restaurants worldwide and has over 300 additional restaurants under development in 32 countries, with annual system-wide sales greater than $300 million.

Founded in 2014, Yalla Mediterranean serves authentic cuisine prepared fresh daily with farm-friendly, GMO-free local ingredients from a menu that includes vegetarian, vegan, gluten-free and dairy-free options to accommodate customers with a wide variety of dining needs and preferences ... 

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Dec 4 2:09 PM, General News

Coborn’s, Inc. Signs Purchase Agreement with SUPERVALU to Acquire Hornbacher’s Stores

Coborn’s, Inc. has announced it has signed a purchase agreement with SUPERVALU, a newly acquired subsidiary of United Natural Foods Inc. (UNFI), to acquire the company’s Hornbacher’s stores in the Fargo, ND-Moorhead, MN area, which includes a store that is currently under construction in West Fargo, ND. Five of the stores in operation are located in Fargo, ND and two of the stores are located in Moorhead, MN.

The Hornbacher’s locations included in the sale are:

  • 1433 S University Drive, Fargo, ND
  • 1532 S 32nd Avenue S., Fargo, ND
  • 2510 N Broadway Avenue, Fargo, ND
  • 4101 S 13th Avenue S., Fargo, ND
  • 4151 45th Street South, Fargo, ND
  • 101 11th Street South, Moorhead, MN
  • 950 40th Avenue S., Moorhead, MN
  • West Fargo store currently under construction ...
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Dec 3 2:14 PM, General News

Tyson Foods Completes Acquisition of Keystone Foods

Purchase supports Tyson Foods’ valued-added and international growth strategies

Tyson Foods, Inc. (NYSE: TSN) has successfully completed the acquisition of Keystone Foods from Marfrig Global Foods. The purchase of Keystone, a leading supplier of chicken, beef, fish and pork to the growing global foodservice industry, aligns with Tyson Foods’ domestic and international growth strategy.

“Our biggest growth opportunities are in value-added foods and international markets. Our acquisition of Keystone helps us achieve both,” said Noel White, president and CEO of Tyson Foods. “The addition of Keystone’s team, industry expertise and international operations strengthens our capabilities. I’m pleased to welcome our newest team members ...


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Dec 3 8:44 AM, General News

Cargill expands its global poultry business in Colombia with acquisition of CAMPOLLO

Acquisition will grow Cargill’s Colombian poultry operations to better serve its Latin American customers, welcoming more than 2,500 new employees

Cargill has acquired Colombian-based CAMPOLLO, one of the country’s leading producers of chicken and protein products.

The acquisition marks the expansion of Cargill’s global protein business in Colombia after acquiring Pollos Bucanero in June 2017. CAMPOLLO has more than 20 years’ experience in the market and its products are a top choice among consumers and retailers across Colombia.

Jorge Ivan Duque, general manager of Cargill’s Pollos Bucanero, will continue leading Cargill’s expanded poultry business in Colombia. He has spent the past 13 years working in the poultry sector in Central America and Colombia...

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Nov 30 12:43 PM, Urner Barry

CAVA Announces Completion of Zoës Kitchen Acquisition

The combined company will have more than 8,000 team members across 24 states

CAVA Group Inc., a privately held and fast growing Mediterranean culinary brand, today announced that it has completed its acquisition of Zoe's Kitchen, Inc., (NYSE: ZOES) and that Thursday, November 22nd will be the first day of operations for the combined company.

Zoës Kitchen shareholders received $12.75 per share in an all-cash transaction valued at approximately $300 million, as was originally announced on August 16, 2018. The acquisition will bring Zoës Kitchen into the private market...


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Nov 26 9:05 AM, General News

FCPT Announces Acquisition of Six Restaurant Properties from Brookfield Properties for $7.5 Million

Four Corners Property Trust (NYSE:FCPT) announced the acquisition of six restaurant properties for $7.5 million from Brookfield Properties. The transaction spans five brands, including Texas Roadhouse (2), Applebee's, Olive Garden, Panera Bread and Sonic.

The properties are outparcels to four Brookfield owned malls located in CA (3 outparcels at the same mall), AZ, IL, and MI and are a mix of corporate-operated (3) and franchisee-operated (3) locations. The sites are...

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Nov 21 11:44 AM, General News

SpartanNash to Acquire Martin's Super Markets

Strategic Acquisition Expands Corporate Retail Footprint

SpartanNash Company (the "Company") (Nasdaq: SPTN) today announced it has reached an agreement to acquire Martin's Super Markets, Inc. ("Martin's"), a leading family-owned and operated Midwest independent supermarket chain, in a transaction that will expand its corporate retail footprint into the adjacent markets of northern Indiana and southwestern Michigan.

Founded in 1947 and headquartered in South Bend, Indiana, Martin's currently operates 21 stores in Northern Indiana and Southwest Michigan with approximately 3,500 employees. For the fiscal year ended July 29, 2018, Martin's had more than...

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Nov 21 9:03 AM, General News

Schwan’s Company Enters Exciting New Era with CJ CheilJedang

Company’s Retail & Food Service Businesses Acquired by Global Food Leader, Schwan Family Retains 100% Ownership of Legacy Home-Delivery Business and Minority Ownership Stake in Acquired Company

Schwan’s Company, a leading U.S. food business, announced today that it has reached an agreement to sell a majority stake of the company to CJ CheilJedang (CJCJ), of Seoul, South Korea.

The transaction will include 80 percent of Schwan’s Company and specific subsidiaries that focus on foods sold in retail and grocery channels and food-service venues. The Schwan family will retain 20 percent ownership in the businesses being sold to CJCJ and will also retain 100 percent ownership in Schwan’s Home Service, Inc., which represents the legacy home-delivery business that Marvin Schwan launched in 1952.

The transaction is expected to close in the next 60 to 90 days. The sale will also include...

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Nov 15 9:28 AM, General News

Maple Leaf Foods Closes Acquisition of VIAU Foods

Builds market leadership in premium Italian, cooked and dry cured meats

Maple Leaf Foods Inc. (TSX: MFI) announced today that it has closed the acquisition of VIAU Foods ("VIAU"), a Canadian market leader in premium Italian cooked, dry-cured and charcuterie meats, for a purchase price of $215 million, including $30 million in Maple Leaf stock. With sales of $180 million as of fiscal year ended March 31, 2018, the transaction is expected to be accretive to Maple Leaf's earnings per share in the first year and...

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Nov 15 8:41 AM, General News

Lipari Foods Finalizes Acquisition of PA-Based Heagy Foods, Expanding Distribution Area

On Friday, November 2, Lipari Foods, a leading Midwest food distributor based in Warren, Mich., closed on the acquisition of the specialty deli company, Heagy Foods, including the Guernsey’s Gift brand. Heagy Foods is headquartered in Lancaster, Pennsylvania. The opportunity increases Lipari’s eastern Pennsylvania distribution area along with expanding their portfolio of specialty deli product offerings.

Thom Lipari, President and CEO of Lipari Foods says: “We are excited to team up with a solid, service driven company like Heagy Foods. Adding a variety of their specialty deli products to Lipari’s portfolio along with ability to expand the Lipari distribution footprint will surely bring added value to both Lipari’s existing customers as well as customers that are currently serviced by Heagy Foods.”

Lipari’s strategic position continues to be one of the premier “perimeter of the store and... 

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Nov 8 8:59 AM, General News

Darling Ingredients Inc. Announces Acquisition Of Specialty Food Grade Fat Ingredient Operation

Darling Ingredients Inc. (NYSE: DAR) today announced that it has acquired the stock of PPH Conto Ltd., a food grade animal fat processing facility in Lubien Kujawski, Poland.

"Poland is one of the fastest growing meat production areas in Europe," said Mr. Randall C. Stuewe, Darling Ingredients Chairman and CEO. " The acquisition of Conto provides us the opportunity to strengthen our current position in this important growth area and... 

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Nov 8 8:58 AM, General News

Giant Food Stores Agrees to Acquire Five Shop 'N Save Stores 

GIANT Food Stores announced today that it has entered into an agreement with SUPERVALU INC., a newly acquired subsidiary of United Natural Foods (UNFI), to acquire five corporately‐owned Shop ‘n Save locations. Upon completion of the sale, GIANT plans to convert the Shop ‘n Save stores into MARTIN'S Food Markets stores. The following stores are part of the sale...

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Nov 7 2:49 PM, General News

Bojangles’, Inc. to be Acquired by Durational Capital Management and The Jordan Company 

Bojangles’, Inc. (Bojangles’, the “Company”) (NASDAQ: BOJA) today announced that it has entered into a definitive agreement to be acquired by Durational Capital Management LP and The Jordan Company, L.P. Under the terms of the agreement, Durational Capital Management LP and The Jordan Company, L.P. will acquire the Company in an all cash transaction. Bojangles’ stockholders will receive $16.10 per share, representing a 39% premium to the closing share price of February 12, 2018, a day prior to initial speculation regarding a potential transaction involving...

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Nov 6 9:25 AM, General News

Conagra Brands Completes Acquisition of Pinnacle Foods

Conagra Brands, Inc. (NYSE: CAG) today announced the successful completion of its acquisition of Pinnacle Foods (NYSE: PF). The closing of the transaction follows the approval of Pinnacle Foods' shareholders and satisfaction of all terms and conditions.

Through the acquisition, Conagra Brands adds iconic brands to its portfolio, including Birds Eye, Duncan Hines, Earth Balance and Vlasic, as well as emerging brands, such as Gardein, Glutino, Udi's, Wish-Bone and EVOL, among others.

"Expanding Conagra Brands' portfolio through the acquisition of Pinnacle Foods creates a tremendous opportunity to...

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Oct 26 12:14 PM, General News

Smithfield Foods Marks Significant Step Toward Zero-Waste-to-Landfill in North Carolina

Smithfield Foods, Inc. is pleased to announce a key step toward achieving zero-waste-to-landfill status across its North Carolina processing facilities. Smithfield will achieve this goal with support from its newest partner, Waste Connections, in a first-of-its-kind collaboration between a food company and waste services provider. The project will create a recycling facility that processes materials specifically from food production facilities. This project is part of Smithfield’s companywide sustainability initiative to reduce solid waste to landfills 10 percent by 2020 across all locations and its goal to reduce greenhouse gas (GHG) emissions 25 percent by 2025 throughout its supply chain.

“At Smithfield, we are the first major protein company to make a significant GHG reduction commitment and are forging innovative new partnerships to help us get there,” said Stewart Leeth, vice president of regulatory affairs and chief sustainability officer for Smithfield Foods. “This project is especially exciting because...

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Oct 26 10:46 AM, General News

Maple Leaf Foods Closes Acquisition of Cericola Farms

Builds market leadership in raised without antibiotics and organic value-added chicken

Maple Leaf Foods (TSX: MFI) today announced the closing of its acquisition of two poultry plants and associated supply from Cericola Farms, a privately held company.

Located in Bradford, Ontario and Drummondville, Quebec, the two plants collectively process approximately 32 million kg of chicken annually.

Maple Leaf has also secured 100% of the processed chicken volume from Cericola's primary processing plant located in Schomberg, Ontario, and holds an option to acquire this asset and associated plant supply in three years.

Cericola specializes in air-chilled processing of antibiotic free and...

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Oct 23 9:43 AM, General News


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