Austin, TX -- A Whole Foods Market shareholder is seeking to block the $13.7 billion acquisition by Amazon through a federal lawsuit filed Thursday claiming the deal undervalues the grocer and did not disclose key information, reports 512tech.com Shareholder Robert Riegel filed the lawsuit in U.S. District Court for the...
Camden, N.J. — As consumers continue to migrate to more natural products, Campbell Soup Co. has agreed to buy organic manufacturer Pacific Foods for $700 million, the company announced on Thursday. Pacific, which is based in Tualatin, OR, had $218 million in sales over the past year. Campbell has posted...
Does Amazon care what it sells? Does Whole Foods Markets care what it sells? The opposing answers to these two questions—“No” and “Yes” respectively—are at the heart of the problem Amazon CEO, Jeff Bezos, now hopes to solve. Put another way, can Bezos make fresh, organic, free-range filet mignon behave...
Basel, Switzerland – Lonza announced today it has completed the acquisition of Capsugel S.A. from KKR for $5.5 billion in cash, including refinancing of Capsugel’s approximate $2 billion in debt. Capsugel is a leader in advanced oral dosage delivery technologies and hard capsules. The acquisition goes along with Lonza’s stated...
Paris, France — Danone has entered a binding agreement to sell its U.S. dairy business Stonyfield to Lactalis for $875 million. The company was required to sell New Hampshire-based Stonyfield as part of the U.S. Justice Department’s approval of its $10 billion purchase of foods giant WhiteWave. Stonyfield generated about...
Carol Stream, IL-Food ingredient supplier Prinova expands its global footprint to six manufacturing sites on three continents with the acquisition of Israeli-based Lycored’s premix operations based in China and the United Kingdom, the company announced. Prinova is a global supplier of ingredients, flavors, blending and contract manufacturing solutions for the...
LAKE SUCCESS, N.Y. —The Hain Celestial Group, Inc. (Nasdaq: HAIN), today announced the purchase of The Better Bean Co. Portland, Ore.-based Better Bean was founded in 2010 by the father and daughter team of Keith and Hannah Kullberg, to make eating beans easy, tasty and healthy. Better Bean will augment Hain Celestial’s...
Basel, Switzerland, – Lonza today announced it has received all regulatory approvals for its proposed acquisition of Capsugel S.A., further establishing its position as a leading supplier to the pharmaceutical, biotech and specialty ingredients markets. Among its integrated solutions, Lonza offers products and services from the custom development and manufacture...
Dallas, TX – Dean Foods Co., a food and beverage company that specializes in dairy and soy products, announced on Thursday it has acquired Uncle Matt’s Organic, an orange juice company. According to Dean Foods, the acquisition, for an undisclosed sum, will expand the company’s non-dairy assortment and emphasize the...
Park City, UT — Nutraceutical International Corporation has entered into an agreement under which an affiliate of HGGC, LLC, a middle-market private equity firm, will acquire the company in a transaction valued at about $446 million that includes debt to be refinanced. Under the terms of the agreement, Nutraceutical stockholders...
