An affiliate of Austin, Texas-based Peak Rock Capital, a middle-market private equity firm, has completed the previously announced acquisition of TNT Crust, a manufacturer and distributor of pizza crusts, from Tyson Foods Inc. Founded in 1981, TNT’s products include partially baked, self-rising, flat breads and other pizza crusts for the foodservice and retail channels. TNT […]
Tag: Acquisition
Posted inBakery News, Grocery News, Home Page Latest News, National, Suppliers
J.M. Smucker Co. Closes $375M Deal With Hometown Food Co.
The J.M. Smucker Co. has completed the sale of its shelf-stable baking business, including the exclusive U.S. rights to the Pillsbury brand, along with the Hungry Jack, White Lily, Jim Dandy, Martha White and Funfetti brands, to Hometown Food Co., a wholly-owned portfolio company of Brynwood Partners VII L.P. and Brynwood Partners VIII L.P. The $375 million […]
Posted inHarps Food Stores, Home Page Latest News, Southwest, Store News
Harps Opening A 10Box Cost Plus Store In Claremore, Oklahoma
Harps Food Stores has acquired the Warehouse Market located at 322 N. Lynn Riggs Boulevard in Claremore, Oklahoma. The retailer plans to convert the store into its 10Box Cost Plus Food Stores format. Warehouse Market’s last day of business in Claremore will be on Tuesday, Aug. 21, said Dan Meredith, VP of Warehouse Market, in […]
Posted inNortheast, Bakery News, Grocery News, Home Page Latest News, Perishables, Specialty
Connecticut Private Equity Firm Acquires Rise Baking Co.
Stamford, Connecticut-based private equity firm Olympus Partners has acquired Rise Baking Co. from another private equity firm, Arbor Investments. Rise Baking is a manufacturer of premium cookies, dessert bars, artisan breads and flatbreads. Headquartered in Minneapolis, Minnesota, it is a supplier to the in-store bakery, foodservice and convenience channels in North America. Rise employs more than […]
Posted in, Home Page Latest News, Midwest, Wholesaler/Distributor News
Blackwells Withdrawing Supervalu Director Nominees
Supervalu Inc. has entered into an agreement with Blackwells Capital under which Blackwells will withdraw its director nominees and vote all of its shares in support of Supervalu’s full slate of directors at the company’s annual meeting of stockholders, to be held on Aug. 16. Blackwells also has withdrawn its stockholder proposal, which was to be considered […]
Posted inHealth & Wellness, Grocery News, Home Page Latest News, National, Organic Natural, Suppliers
Johnson & Johnson Acquiring Health And Wellness Company Zarbee’s
Johnson & Johnson Consumer Inc. has entered into a definitive agreement to acquire Zarbee’s Inc., a privately held producer of natural healthcare products. The acquisition will include the full line of Zarbee’s Naturals products for children and adults. Financial terms of the transaction were not disclosed. Zarbee’s Naturals was founded in 2008 by Dr. Zak Zarbock, “a pediatrician who […]
Posted in, Home Page Latest News, Midwest, Wholesaler/Distributor News
Proposed Supervalu Buyout Under Scrutiny By Law Firms Nationwide
Law firms across the country are launching investigations into the proposed sale of Supervalu to UNFI for $2.9 billion, or $32.50 per share. Concerns cited by these firms include “possible breaches of fiduciary duties” and the “adequacy of the price and process” of the sale. Rigrodsky & Long, P.A. announces that it is investigating potential legal […]
Posted inBakery News, Center Store, Grocery News, Home Page Latest News, National, Suppliers
Smucker Co. Selling Pillsbury, Hungry Jack, Other Brands For $375M
The J.M. Smucker Co. is selling its shelf-stable baking business, including the exclusive U.S. rights to the Pillsbury brand, along with the Hungry Jack, White Lily, Jim Dandy, Martha White and Funfetti brands, to equity firm Brynwood Partners VII LP and Brynwood Partners VIII LP for $375 million. The Pillsbury brand license agreement is a royalty-free, perpetual agreement […]
Posted in, Home Page Latest News, Independent Store News, Industry News, Southeast, Store News
Publix Acquires Winn-Dixie Lease In Gulf Shores, Alabama
Publix has acquired a lease from Winn-Dixie. The site is located at the Paradise Isle Shopping Center at 1720 Gulf Shores Parkway in Gulf Shores, Alabama. “We’re excited about the growth opportunities within our operating area, and adding a second location in Gulf Shores will help us better serve this community,” said Todd Jones, president […]
Posted inNortheast, Home Page Latest News
Conagra Brands To Acquire Pinnacle Foods In $10.9 Billion Deal
The board of directors of Conagra Brands and Pinnacle Foods Inc. have unanimously approved a definitive agreement under which Conagra Brands will acquire Pinnacle Foods in a cash and stock transaction valued at approximately $10.9 billion. Conagra says the transaction will expand its presence and capabilities in its most strategic categories, including frozen foods and snacks. With […]
Posted in, Corporate Store News, Home Page Latest News, Industry News, Store News, West
Raley’s Completes Transition Of Nevada Scolari’s, Sak ‘N Save Stores
Raley’s has completed the transition of five Scolari’s Food & Drug locations and one Sak ‘N Save store in the Reno, Nevada, area. Raley’s began to assume operations of the stores in late May, and all six locations were fully converted to Raley’s ownership on June 12. Each of the purchased stores closed for two […]
Posted in, Grocery Store Layout, Home Page Latest News, Independent Store News, Industry News, Midwest, Store News
Trig’s To Open Its Eighth Wisconsin Grocery Store In Tomahawk
T.A. Solberg Co. Inc. has purchased Nelson’s County Market on North 4th Street in Tomahawk, Wisconsin. The store will transition to the Trig’s banner, owned by T.A. Solberg, on June 24. “We are looking forward to serving the Tomahawk area. This is a particularly good fit for us because our two locally owned companies […]
Posted inMeat/Seafood/Poultry, Grocery News, Home Page Latest News, Industry News, Midwest, Organic Natural, Suppliers
Tyson Foods Acquires Organic ‘Smart Chicken’ Brand
Tyson Foods Inc. is expanding its production of organic branded chicken through the acquisition of Tecumseh Poultry LLC. The purchase includes the air-chilled Smart Chicken brand. Terms of the deal are not being disclosed. Tecumseh Poultry was founded in 1998 and produces air-chilled, fresh chicken, as well as deli-style chicken and a variety of chicken sausages. […]
Posted inPiggly Wiggly, Home Page Latest News, Independent Store News, Southeast, Store News, Wholesaler/Distributor News
Independent Piggly Wiggly Owners Acquire Two South Carolina Bi-Lo Stores
Lynn and Cindy Willard, owners of nine Piggly Wiggly locations in South Carolina, have purchased two former Bi-Lo stores from Southeastern Grocers. The stores are located at 9616 Highway 78 in Ladson and 208 E. McIntyre Street in Mullins, South Carolina. The transactions were closed in mid-May, and the acquired stores were rebranded under the […]
Posted inOnline Grocery Technology, Equipment & Technology, Executive News, Grocery News, Home Page Latest News, Industry News, Marketing News, National
Dunnhumby Acquires Aptaris ‘To Help Retailers Compete’
Dunnhumby, a customer data science company, has acquired Aptaris Software, an enterprise marketing and promotions management company. The acquisition is the culmination of a strategic partnership that embedded dunnhumby customer data science into the Aptaris solution, providing retailers with what the companies say is the only end-to-end promotions management platform in the market. Dunnhumby says the […]
Posted inSnacks Brands, Bakery News, Grocery News, Home Page Latest News, National, Specialty, Suppliers
Mondelēz To Acquire New York’s Tate’s Bake Shop
Mondelēz International has signed an agreement with global private equity firm The Riverside Co. and other shareholders—including Tate’s Bake Shop founder Kathleen King—to acquire Tate’s for nearly $500 million. Mondelēz says the deal gives it entree into the premium cookie market. Tate’s was founded in 2000 on Long Island, New York, producing cookies and baked goods. Mondelēz says […]
Posted inDeli News, Corporate Store News, Grocery News, Grocery Store Layout, Home Page Latest News, Industry News, Southeast, Store News
Food Lion Will Reopen Three Former Farm Fresh Stores May 9
On May 9, Food Lion will host three grand openings in the greater Norfolk, Virginia, market. The celebrations mark the completed purchase of the stores from Supervalu earlier this year. The locations are: 1615 General Booth Blvd., Virginia Beach, Va. 23454 608 Mercury Blvd., Hampton, Va. 23663 683 S. Hughes Blvd., Elizabeth City, N.C. 27909 The stores will […]
Posted inFood Service News, C-Store News, Home Page Latest News, Industry News, Southwest, Store News
GPM Subsidiary Takes Ownership Of 273 E-Z Mart Stores
A subsidiary of GPM Investments LLC has taken ownership of 273 c-stores in Texas, Oklahoma, Louisiana and Arkansas from E-Z Mart Stores Inc. This growth into the Southwest portion of the country marks new territory for GPM’s existing portfolio. A family-owned c-store business, E-Z Mart stores have been operating for close to 50 years. The […]
Posted inHealth & Wellness, Corporate Store News, Grocery News, Home Page Latest News, Industry News, Recommended Reading, Shelby Content, Southwest, Store News
Recommended: Walmart Is Looking At Buying PillPack, An Online Pharmacy
Online pharmacy start-up PillPack is in talks to be acquired by Walmart for under $1 billion, according to two sources familiar with the matter. PillPack’s focus on making it easier for customers to order and fulfill medications is an attractive proposition for Walmart and other e-commerce companies that are looking to enhance their health care […]
Posted inIndependent Store News, Home Page Latest News, Industry News, Southeast, Store News
Mitchell Grocery To Purchase Three Alabama Winn-Dixie Stores
Mitchell Grocery Corp. has entered into an agreement to purchase three Winn-Dixie store locations in Alabama from Winn-Dixie’s parent company, Southeastern Grocers LLC. All three stores are located in northeast Alabama in the cities of Jacksonville, Oxford and Pell City. Mitchell Grocery is purchasing the stores on behalf of two of its current customers, Johnson’s Giant Foods and The D’Alessandro Organization LLC. Johnson’s […]