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...
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...
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...
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...
Boston, MA — Biena Snacks announces a group of new influential investors joining their team. Some notable members include: Darren Rovell from ESPN, Jesse Itzler co-founder of Marquis Jets, and the founder of Spanx Sara Blakely. Some additional investors are Blueberry Ventures, Centerman Capital and New Ground Ventures. "The momentum for...
Seattle, WA — According to the Puget Sound Business Journal, Seattle council members have approved a tax on sugary beverages in an attempt to discourage unhealthy consumption and to fund other initiatives, like scholarships and classroom investments, job training, healthy and affordable food access, and children's health programs. Distributors now...
Berkeley, CA — Sovos Brands’ latest acquisition is Rao’s Specialty Foods, a producer of premium pasta sauce. This is Sovos Brands’ second acquisition in less than six months following their purchasing of Michael Angelo's Gourmet Foods in January 2017. Sovos Brands is an up and coming food and beverage company...
Richmond, BC, Canada - The organic breakfast and snack food production business, Nature’s Path Foods, has received a Zero Waste Certification for its third facility in Sussex, Wisconsin. Green Business Certification Inc. (GBCI) has recognized the sustainability efforts of Nature’s Path and have also given Zero Waste Certifications to its...
Mumbai, India — Accoding to Reuters, tea prices are expected to increase this year due to dry weather putting a dent in production of the commodity in vital suppliers India and Kenya. Deadly flooding could also disturb tea transportation shipments to Sri Lanka, who are another crucial exporter in the tea...
New York, NY – A new rule requiring all restaurants with 15 or more nationwide locations and retailers offering prepared foods to post caloric measurements on menu boards went into effect May 22. Additionally, chains will have to provide full nutritional information beyond just calories for standard menu items available...
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