Cleveland, OH -- Irish food and nutrition giant Kerry Group has acquired Ganeden, the $25 million probiotic innovation company with more than 135 patents. Kerry CEO Edmond Scanlon delivered the news at an investor gathering this week in Europe. He told investors, according to the Irish Times, that the group...
Battle Creek, MI — Kellogg announced its acquisition of Chicago-based protein bar company RXBAR, marking the company’s continued shift towards better-for-you food as new CEO Steven A. Cahillane joined this week from Nature’s Bounty. The price is $600 million and the deal is expected to close by year-end. RXBAR, a...
Chicago, IL – Angie’s Artisan Treats, LLC, maker of Angie’s BOOMCHICKAPOP ready-to-eat popcorn is the latest brand to get scooped up by a leading consumer goods company. Conagra Brands is buying the company from TPG Growth. Better-for-you snacking is one of the big industry trends and traditional consumer goods companies...
New York, N.Y. -- With the aim of becoming the premier adviser to consumer goods companies in the healthy living and wellness space, investment banker William Hood has launched his own firm. “The natural products industry is going to be a huge early focal area for us,” Hood told Whole...
Moss Landing, CA -- Nestle USA took a giant step into the plant-based foods segment with the acquisition of Sweet Earth, whose 48 products span the day and include Harmless Ham and Benevolent Bacon. Launched in 2011 by co-founders Kelly and Brian Swette, Sweet Earth’s award-winning frozen meals, burritos, breakfast...
Edison, N.J.—The J.M. Huber Corporation has completed the sale of the Silica business unit of Huber Engineered Materials (HEM) to Evonik Industries AG, a global specialty chemicals company. The $630 million transaction, completed after approvals from the European Commission and other global regulatory bodies, transferred ownership of the HEM Silica...
In characteristic speedy fashion, Amazon.com is wasting no time and will lower prices when the doors of Whole Foods Market open on Monday. The announcement erased nearly $12 billion of value from grocery stocks. "Everybody should be able to eat Whole Foods Market quality -- we will lower prices without...
Austin, TX – It's clear sailing for Amazon.com to move forward with the purchase of Whole Foods Market for $13.7 billion. Shareholders approved the deal on Wednesday morning and a few hours later, Bruce Hoffman, acting director of the Federal Trade Commission's Bureau of Competition, said the agency had decided...
Watching Wall Street hammer major food-retailing stocks immediately after Amazon’s June announcement to buy Whole Foods Market, I can understand why you — an independent natural products retailer — may have felt a shiver down your spine. Since then, those grocery stocks have recovered most of their losses as investors...
NEW YORK — Jana Partners, the activist hedge fund that propelled Whole Foods Market into the arms of Amazon.com, has taken stakes in meal kit delivery company Blue Apron and natural foods grocer Sprouts Farmers Market. In a filing on Monday reported by Bloomberg, Jana Partners revealed it holds 600,000 shares,...
