The majority of the proceeds will be used to support MyForest Foods’ retail growth and foodservice presence as it expands its footprint across the Eastern Seaboard, including New York City. 

The transaction, which transfers ownership of the company to MidOcean from the Ploen family, is designed to pave the way for new investment to expand capabilities and capacity, and to drive new levels of growth. Terms of the transaction were not disclosed.

The acquisition transforms Batory’s service offerings in the Northeast, Midwest and Southeast with the addition of Tri-State’s 100,000-square-foot, multi-temperature zone distribution center. 

Honorable mention also went to an Almond-Granola Butter Spread and Almond Protein Smoothie in Creamsicle, Chai and Coffee flavors. Student competition participants assessed the current market for opportunities, conducted consumer research, surveyed their target audience and sampled prototypes to strengthen their concepts and refine product pitches

Tendick brings with her 20 years of experience at Barilla and will be responsible for growing Barilla's presence in the Americas by providing strong category and marketing expertise, strategic vision, and leadership to the company.

The Sweets & Snacks Expo announced the winners of its annual Most Innovative New Product Awards. The awards recognize the year's most innovative confectionery and snack products and honor the companies that make them.

Flagstone's more than 800 team members source, process, package and distribute nuts, trail mixes, and other wholesome snacks to premier retail customers across the country.

Since its inception, Purely Elizabeth has been committed to the healing power of food. The brand believes there is a direct connection between the health of our farms and the health of our food.

The investment furthers the company's commitment to lead the fresh prepared meals $46 billion market opportunity through the national expansion of its state-of-the-art production facilities.

The partnership will not only see the reinvention of two time-tested breakfast favorites into high-performance protein but will leverage the beloved Tony the Tiger^TM and Toucan Sam^TM characters.