Hampton, NY—Balchem Corporation has signed a definitive agreement to acquire Kappa Bioscience AS. Kappa offers K2VITAL a branded synthetic vitamin K2. Balchem is acquiring Kappa from majority owner Verdane Edda for approximately USD $338M. “We are thrilled to welcome Kappa Bioscience’s strong and experienced team to Balchem," said Balchem Ted...
Danbury, CT—Organic snack company LesserEvil announced its acquisition of R.E.D.D. Bar. The deal will permit the company to be competitive in the snack food market and help R.E.D.D. expand through LesserEvil’s industry connections and network, according to a press release. “Given LesserEvil’s focus on functional snacking, the bar category is...
Naas, Ireland–Kerry Group announced in a press release that it has completed its acquisition of branded botanical extract company Natreon Inc. in a move that the company says expands its ProActive Health portfolio of science-backed branded ingredients and diversifies its product and consumer-base. Natreon's portfolio of branded Ayurvedic botanical ingredients,...
Nanaimo, British Columbia--Tilray, Inc., a company that specializes in the research, cultivation, production and distribution of cannabis and cannabinoids, announced that it has entered into an agreement to acquire Manitoba Harvest from Compass Group Diversified Holdings and other shareholders. Manitoba Harvest, the world's largest hemp food manufacturer, has products in over 16,000 stores...
Washington, D.C. — Rep. David Cillicine (D-R.I.), the top Democrat on the House subcommittee on regulatory reform, commercial and antitrust law wrote a letter to the House Judiciary Committee and the subcommittee chairman requesting an oversight hearing on Amazon’s $13.7 billion acquisition of Whole Foods Market. Cillicine voiced concern about...
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...
Cromwell, Conn. — A wholly owned subsidiary of Royal DSM, i-Health Inc., has revealed that it has entered into a purchase agreement towards obtaining UP4 Probiotic Brand from UAS Laboratories. A specialty channel brand, UP4 features a variety of options in its full line of probiotic products, while iHealth is...
Westchester, IL — Ingredion Inc. has entered into a stock purchase agreement to acquire all outstanding shares of privately-held Tic Gums, Inc., White Marsh, MD which makes advanced texture systems for the food and beverage industry. This will complements Ingredion's expertise in starch technology, opening the door to new texture...
Los Angeles, CA — Millenium Products, Inc., parent company of GT’s Kombucha acquired Medina, MN-based Tula’s CocoKefir, a maker of vegan fermented coconut-based kefirs and yogurts. According to BevNet, the transaction occurred earlier this year and the products have been subsequently rebranded as GT’s products. Both companies’ shared passion and...
Boulder, CO — New Hope Network, part of Informa PLC, has acquired the assets of San Diego, CA-based Nutrition Capital Network (NCN). NCN was found in 2007 and facilitates financing, partnering and asset sales for growth companies in the natural products, nutrition and health and wellness industry by connecting investors...
