Minneapolis, MN and Wilton, CT — General Mills will buy Blue Buffalo Pet Products for $8 billion, it says, marking the first time the owner of Annie's and Cheerios has ventured into pet food since the 1960s. This transaction will establish General Mills as the leader in the U.S. Wholesome Natural...
Boise, ID and Camp Hill, PA. - Grocery chain Albertsons announced today it is expanding its retail pharmacy divisions by purchasing more than 2,500 Rite Aid stores. According to a company press release, the combined company is expected to serve more than 40 million U.S. customers per week at approximately 4,900...
Vevey, Switzerland — Nestle has bought a majority stake in Terrafertil, a company selling natural and organic plant-based foods, the company announced on Friday. Price was not disclosed. Terrafertil is an Ecuadorian company, founded in 2005, which has expanded through South America and Britain and into the U.S. It grows...
Plano, TX and Burlington, MA - Keurig Green Mountain announced plans Monday morning to buy Dr Pepper Snapple in a deal that creates a new beverage giant with $11 billion in sales, according to a company press release. Dr Pepper Snapple shareholders will receive $103.75 per share in a special cash...
Des Moines, IA — The Eurofins North America food division announces the successful purchase of Craft Technologies, Inc., a contract laboratory providing analysis of nutrients, vitamins, carotenoids, bioflavonoids and phytochemicals. Craft Technologies, located in Wilson, NC, serves private industry, governments and academia world-wide. The lab occupies over 10,000 square feet...
Ronkonkoma, N.Y. — The Nature’s Bounty company added a nutrition bar to its lineup of sports and nutrition products, acquiring The Best Bar Ever. “Consumers are increasingly looking for convenient and great-tasting nutrition bars – and this brand was designed by its founders right in line with that trend,” said Paul...
Austin, TX — As Whole Foods Market continues its transformation under new parent Amazon.com, suppliers have been given notice of what it will cost. According to the Washington Post, an email recently sent to the company’s suppliers, spells out the new system. Under the previous system, suppliers could run in-store...
Lake Success, NY – The Hain Celestial Group cannot find a buyer because the organic food giant has been expanded to include too many brands, according to a story in The New York Post. Veteran deal reporter Josh Kosman says four sources familiar with the situation told him Hain’s been...
NEW YORK — Family-owned Lactalis has agreed to acquire siggi’s, the fast-growing U.S. based maker of Icelandic-style skyr yogurt with “simple ingredients, not a lot of sugar.” Price was not disclosed. CEO and founder Siggi Hilmarsson will continue to lead the company as a standalone operation from its New York...
After a recent week spent traveling through China, we continue to be impressed by the energy and focus on the growing role of health and wellness in the attractive and increasingly wealthy Chinese consumer market. According to the Economist, China’s middle class is 220 million people today and will be...
