Del Monte adds foodservice and retail brands and expands production capabilities
March 11, 2015
San Francisco-based Del Monte Foods, Inc., producer of branded and private label canned fruit, vegetable, and tomato products, announced that it has completed the acquisition of the assets of Sager Creek Vegetable Company, a producer of specialty vegetables for the Foodservice and Retail markets headquartered in Siloam Springs, Arkansas.
The integration is expected to generate annual cost synergies of at least $20 million
March 11, 2015
Ingredion Incorporated, a global provider of ingredient solutions to diversified industries, announced that it has successfully completed the acquisition of Penford Corporation, a U.S.-based leader in specialty ingredients for food and non-food applications.
Starr has more than 25 years of experience baking a full range of cakes made with the quality ingredients for the North American market
March 9, 2015
Starr's products are sold to retail and foodservice customers across Canada and the United States and include a wide range of cake and dessert products such as Starr's signature coffee cakes, cheese cakes, loaf cakes, layer cakes, cupcakes, tarts, mousses and more.
Sale by Wessanen reported for approximately $55 millio
March 9, 2015
Brynwood Partners VII L.P. announced that its majority-owned portfolio company, Harvest Hill Beverage Company, has signed a definitive purchase agreement to acquire American Beverage Corporation from Wessanen for approximately $55 million.
Executive leadership team broadens with c-suite additions
March 4, 2015
Talking Rain®, makers of Sparkling ICE®,added John Peirano as Chief Marketing Officer (CMO) who joins recent hire Marcus Smith as Chief Financial Officer (CFO), and recently promoted Michael Lowes as Chief Operating Officer (COO).
Alliance Consumer Growth enters agreement to sell KRAVE Jerky to The Hershey Company
March 3, 2015
Alliance Consumer Growth (“ACG”), a consumer-focused investment firm, announced that its partner company KRAVE Jerky (“KRAVE”) has agreed to be acquired by The Hershey Company ("Hershey"). Terms of the transaction were not disclosed.
AccelFoods identifies and invests in emerging brands that show the highest potential to disrupt categories
February 26, 2015
AccelFoods announced an incoming class of new companies. Six hand-selected startups will join the roster of promising brands backed by the AccelFoods platform. Acceptance into the program is a passport to accelerated, strategic growth.
Marques will report to Chairman and CEO Irene Rosenfeld
February 24, 2015
In this role, he will be responsible for leading the company's $7 billion business in the United States and Canada, which includes Power Brands like Oreo and belVita biscuits; Triscuit and Wheat Thins crackers, Halls candy and Trident gum. Marques succeeds Mark Clouse, who became the company's Chief Growth Officer in July 2014.
Smithfield's business operations will now be organized in alignment with the company's customers and managed as four divisions
February 23, 2015
Smithfield Foods, Inc. announced a realignment of its organization and key senior management appointments that unify all of its independent operating companies, brands, marketing, and more than 48,000 employees around the world under one corporate umbrella to accelerate the Company's growth and further its mission of providing "Good food. Responsibly."