Lake Success, NY—The Hain Celestial Group, Inc., announced in a press release that it has completed the sale of the Plainville Farms business to Plainville Brands, LLC. The press release notes that Plainville Farms, which sells organic turkey, did not contribute to earnings or cash flor in fiscal year 2018.
Austin, MN—Hormel Foods Corporation has entered into a definitive agreement to sell its CytoSport business to PepsiCo, Inc., according to a press release. The release notes that the transaction is subject to customary regulatory approvals, but is expected to be completed in 30-60 days. According to Hormel’s First Quarter Results...
Chicago, IL—Glanbia Nutritionals has agreed to acquire Watson, according to a press release. Glanbia Nutritionals is a nutritional solutions and cheese business, selling proteins, custom nutrient premixes, bioactives, and plant-based nutrition ingredients. It is a subsidiary of Glanbia plc., a global nutrition company with roots in the dairy industry. Watson...
London, England—Harris Williams has announced the sale of Nature Delivered Ltd. (trading as graze) to Unilever, according to a press release. graze is a technology-enabled healthy snacks brand that sells its products online, directly to consumers and in retail. The press release calls it “one of the U.K.’s largest healthy...
Valatie, NY—Tierra Farm, a certified-organic manufacturer and distributor of nuts, dried fruits, coffee, and chocolate products, has announced the acquisition of Power of 3 Nutrition, a seed blend company headquartered in Tenants Harbor, Maine. Tierra Farm CEO Todd Kletter said in a press release, “Our acquisition of Power of 3...
Chicago, IL--Kraft Heinz has agreed to purchase Primal Kitchen for around $200 million, according to Bloomberg News. Primal Kitchen is expected to generate about $50 million this year. It focuses primarily on condiments, sauces, and dressings, with growing product lines in healthy snacks. All of its products are in line...
Woonsocket, RI—CVS completed their $69 billion acquisition of Aetna, CVS announced today in a press release. The combined company will use CVS pharmacies to make healthcare cheaper and more accessible to Aetna customers. Larry J. Merlo, CVS health president and chief executive officer, said: “Today marks the start of a...
Once CVS closes their $69 billion purchase of Aetna, they intend to open concept stores to debut programs that make the best use of the newly combined company’s resources. According to CNBC, CVS intends to close their acquisition before Thanksgiving, and to open its first concept stores early next year.
PepsiCo continues its push into more nutritious foods with the acquisition of plant-based snack food brand Health Warrior. The deal is the first investment by “the Hive, a PepsiCo entity focused on emerging trends and designed to grow smaller brands. Health Warrior, which launched in 2011, will continue to operate...
The global nutrition group, Glanbia, has acquired SlimFast, a weight-loss company, for $350 million. The company said that SlimFast will complement its performance-nutrition portfolio and help them target lifestyle consumers and the $8 billion weight-management nutrition market. Florida-based SlimFast was established in 1977, and makes multiple weight-management and...
