The transaction will include 80% of Schwan’s Company and specific subsidiaries that focus on foods sold in retail and grocery channels and food-service venues
November 15, 2018
The Schwan family will retain 20% ownership in the businesses being sold to CJCJ and will also retain 100% ownership in Schwan’s Home Service, Inc., which represents the legacy home-delivery business that Marvin Schwan launched in 1952.
The acquisition includes the Santa Barbara and Chachies brands, which will continue to be produced a facility in Oceanside, Calif.
November 13, 2018
The acquisition of the Sabra Salsa business, including the SQF Level 2 Oceanside manufacturing facility and strong workforce, enhances the Company's salsa manufacturing capabilities and adds capacity to support the continued growth of Stir-Pacifica.
Sovos' mission is to acquire premium, on-trend brands with high-quality products that have significant growth opportunities
November 6, 2018
According to Bill Johnson, chairman of both the noosa and Sovos boards of directors and former chairman, CEO and president of H.J. Heinz, Sovos will guide Noosa into its next phase of growth while remaining true to the brand's standard of making the finest yogurt with the finest ingredients.
Flavor Producers is one of the fastest growing independent flavor companies in North America
October 31, 2018
Jeff Harris, CEO of Flavor Producers said “The acquisition of Flavormatic is consistent with our growth strategy to expand our customer base and broaden our technical capabilities. By combining our R&D expertise with Flavormatic’s, we are offering our customers a broader
range of solutions and resources.”
Health Warrior’s current offerings include nutrition bars made with chia and pumpkin seeds, and other plant-based protein offerings like mug muffins and protein powder
October 31, 2018
Health Warrior was founded in 2011 by a group of college friends, Dan Gluck, Nick Morris and current Chief Executive Officer Shane Emmett, who wanted to make nutrient-dense foods more accessible to more Americans.
Prepared Foods talks innovation, inspiration with Rich Products leaders Bill Gisel, CEO, and Richard Ferranti, president and chief operating officer
October 18, 2018
Rich’s has annual sales exceeding $3.8 billion and operates in more 100 locations globally. Its refrigerated and frozen products range from cakes and icings to pizza, appetizers and specialty toppings and it distributes to operator customers in foodservice, retail, and in-store bakery, deli and prepared foods.
SlimFast is a weight management and health & wellness brand family distributed primarily in the food, drug, mass and club channels
October 11, 2018
In 2017, SlimFast delivered $212 million net sales, adjusted EBITDA (before non-recurring costs) of $24 million and, after non-recurring supply chain transition costs, a net loss before tax of $12 million. The gross assets of SlimFast at its 2017 financial year end were $136 million. Glanbia plans to operate SlimFast within its Performance Nutrition segment.
Under the terms of the agreement, Layn will continue to service its existing clients for the duration of those commitments while Firmenich becomes the exclusive distributor of Layn’s natural sweetener ingredients
September 17, 2018
This agreement combines high quality, traceable and responsibly-sourced raw materials with industry-leading innovation for Layn’s sweetener solution products.