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Mintec and Urner Barry combine to create a market leading Price Reporting Agency and Data Provider
The combined company will be a global market leader focused on the Agri/Food and FMCG end-markets, offering a set of proprietary data including benchmark prices, price forecasts, cost modelling and market insights, delivered through an innovative SaaS platform.
Mintec, the leading global provider of price data, analytics, and forecasts for agri-food, today announced the acquisition of AgriBriefing, which includes the brands Urner Barry, Strategie Grains, FeedInfo and Tropical Research Services. Building on previous acquisitions by Mintec – Kairos Commodities and CommoPrices – this establishes the combined company as the largest agri-food-focused PRA and global information provider with a unique portfolio of feed-to-food commodity prices, forecasts, cost modeling tools and fundamental market data, serving over 5,000 customers in 50 countries.
Heritage Capital Group Advises St. Johns Food Service on Sale
Heritage Capital Group, Inc., an investment banking and financial advisory firm serving middle-market and emerging growth companies in the U.S. and worldwide, is pleased to announce that its client, St. Johns Food Service, has been acquired by an investor group led by the owners of Alhambra Theater and Dining.
St. Johns Food Service was founded in 1949 by a local veterinarian, Dr. Ronald F. Jackson, who rented frozen locker space to local restaurants. Dr. Jackson saw the need for food service products, and began adding product lines...
SpartanNash Acquires Great Lakes Foods
Food solutions company SpartanNash (the “Company”) (Nasdaq: SPTN) announced that it has acquired Great Lakes Foods, an independent grocery wholesaler, including its 300,000-square-foot distribution center in Menominee, Mich. The warehouse serves approximately 100 independent grocery customers across the Midwest and employs 125 Associates. SpartanNash will continue to employ the Great Lakes Foods team while investing in capital and IT updates to the facility and expanding service offerings to customers.
“This acquisition represents SpartanNash’s ongoing commitment to optimize our supply chain network, drive growth through geographic expansion, and serve our customers more efficiently,” said...
Albertsons Companies Provides Updates on Legal Proceedings Surrounding Special Dividend
Albertsons Companies, Inc. (NYSE: ACI) (“Albertsons Cos.” or “the Company”) announced that on December 19, 2022, the State of Washington Supreme Court set a date for the review of the temporary restraining order (“TRO”) against the Company’s previously announced $6.85 per common share Special Dividend (the “Special Dividend”). The Washington Supreme Court, sitting en banc, will review the appeal of the Attorney General of the State of Washington on February 9, 2023. The TRO will remain in effect until there is a further order...
Albertsons Companies Issues Statement Regarding Washington Supreme Court’s Decision
Albertsons Companies, Inc. (NYSE: ACI) (“Albertsons Cos.” or “the Company”) today announced that the State of Washington Supreme Court has continued the temporary restraining order (“TRO”) against the Company’s previously announced $6.85 per common share Special Dividend (the “Special Dividend”) while the Washington Supreme Court considers if it will hear the state’s appeal. The TRO will remain in effect until there is a further order issued by the Court.
Albertsons Cos. has filed a motion to expedite the Washington Supreme Court’s review.
Albertsons Cos. continues to believe...
Bojangles Signs Development Agreement to Expand Atlanta Footprint with Top Music Executives
Bojangles, one of the nation’s leading restaurant franchises famous for its chicken, biscuits and tea, announced today it has signed a franchise development agreement with Melanbo, a franchise group partly owned by prestigious music executives, Mel Carter and Kevin “Coach K” Lee. Carter and his ownership group will develop 14 new locations in Greater Atlanta, building upon their acquisition of 18 existing Bojangles restaurants in Georgia, North Carolina, and South Carolina. The acquisition and size of the multi-unit development agreement makes Melanbo the largest Black controlled franchisee...
Cargill Announces Acquisition of Owensboro Grain Company
Cargill and Owensboro Grain Company, a fifth-generation family-owned soybean processing facility and refinery located in Owensboro, Ky., today announced that they have entered into a definitive agreement where Cargill will add Owensboro Grain Company (OGC) to its North American agricultural supply chain business.
Owensboro Grain Company was founded in 1906 as a small grain merchant and today operates a fully integrated soy processing facility, producing soy products, including protein meal and hull pellets for animal feeds, crude and degummed oil, lecithin, various blends of refined vegetable oil for human consumption, biodiesel...
Logan's Sausage Takes Over Production and Distribution of the Gunnoe's Sausage Brand
Gunnoe's Sausage Company, a family-owned business operated in Cifax, Virginia for over 57 years, is announcing that Logan's Sausage Company, a family-owned business located in Alexandria, Virginia will be taking over all production and distribution of Gunnoe's Sausage.
"In looking long and hard at the future of Gunnoe's Sausage, we realized it would be difficult to transition the business to the next generation," said Cynthia Gunnoe, Vice President at Gunnoe's Sausage. "When we met with Logan's Sausage Company, we knew we had a..."
Harbor Foodservice Acquires NW Foodservice Distribution
Harbor Foodservice, the Northwest's top family-owned, independent distributor, has acquired Longview, Washington-based NW Foodservice Distribution, Inc., a broadline foodservice distributor servicing Southwest Washington and Northwest Oregon. The move to acquire NW Foodservice continues Harbor Foodservice's long-term strategy to expand its presence throughout the Pacific Northwest.
"Joining forces with the NW Foodservice team represents the perfect addition of like-minded team members driven to provide the highest level of products and service to their customers. Their proven track record in being a local solution to restaurants and convenience stores bolsters Harbor's..."
GrubMarket Expands Further on the West Coast through the Acquisition of Rainfield Marketing Group
GrubMarket today announced it has completed the acquisition of Vernon, California-based Rainfield Marketing Group, a well-known and highly respected fresh produce company that provides the highest quality fruits, vegetables, and Asian specialty items sourced from some of the most prominent suppliers across the U.S., Mexico, and Korea, among other global locations. Rainfield Marketing Group currently operates in California, selling to hundreds of large grocery retailers, multi-unit restaurant groups, foodservice companies, and wholesale customers across the U.S., and has a strong reputation as a...
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...
UB Consulting: Why the Rise in Egg Prices?
Mintec and Urner Barry combine to create a market leading Price Reporting Agency and Data Provider
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