Harrison, NY — Long-time soft drinks distributor PepsiCo has been reported by Reuters to be in talks to purchase All Market Inc., the owner of leading coconut brand Vita Coco. PepsiCo is offering less than the $1 billion that All Market is seeking, according to the report. All Market owners...
Bedminster, NJ — According to a press release from Swander Pace Capital, the private equity firm has sold Kicking Horse Coffee, Ltd., the #1 organic and fair trade coffee roaster in Canada to Luigi Lavazza S.p.A. in a transaction valued at C$215 million. In 2012, the firm partnered with Kicking...
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...
East Rutherford, NJ — All shares of Mushroom Wisdom, Inc. have been acquired by Hokuto Corporation, one of Japan’s biggest mushroom cultivators with annual sales of about $600 million. The transaction also includes the acquisition of Sun Medica, Co., Ltd, an affiliate of Mushroom Wisdom as well as the transfer...
New York, NY — On Wednesday, Whole Foods Market hired five new directors after having switched to a new company-wide operational plan. According to Reuters, Jana Partners, an activist hedge fund that owns 8.3 percent of the company, is concerned about the lack of grocery experience among these new board...
Irvine, CA — ChromaDex announced its financial results for the first quarter (Q1) of 2017 ending on April 1, 2017. Net sales for Q1 2017 were $4.4 million, compared to the Q1 2016 which were $7.3 million, a 39% decrease. The firm attributes this decrease to dropping its largest customer...
Basel, Switzerland — Lonza issued a press release boasting a record first quarter in 2017 in terms of sales and earnings, resulting from the strong performance of its Pharma/Biotech and Specialty Ingredients segments. “Following the record results last year, we have been able to continue our success into 2017. The...
Austin, TX — Whole Foods Market will be focusing on current store growth in their new quarter instead of opening the recently forecasted 1,200 new stores across the U.S. The retailer has experienced low same-store sales in the last six quarters, and they’ll close down nine stores up until April...
Pittsburg, PA — GNC Holdings Inc., a leading supplier of vitamins and supplements, announced that it would soon be offering its customers an improved shopping experience, One New GNC. Current corporate stores will be closing their doors on Wednesday, December 28th and will be reopening on Thursday, December 29th with...
Austin, TX — Whole Foods Market, based here, is changing its leadership structure. The upscale grocer has named John Mackey, its founder, as sole CEO, ending a six-year arrangement where he shared the helm with longtime Whole Foods Market executive Walter Robb. This news comes after the company reported a...
