Campbell Soup Co. has completed the acquisition of Snyder’s-Lance Inc. for $50 per share in an all-cash transaction, which represents an enterprise value of approximately $6.1 billion. “Snyder’s-Lance represents a strategic and transformative acquisition for Campbell, creating a $10 billion company with nearly half of our annual net sales in the faster-growing snacks category,” said […]
Tag: Acquisition
Posted inDairy News, Grocery News, Home Page Latest News, Specialty, Store News, West
El Super To Acquire Fiesta Mart, Creating 122-Store Company
Bodega Latina Corp., doing business as El Super, a U.S. Hispanic grocer and a subsidiary of Grupo Comercial Chedraui, S.A.B. DE C.V., has agreed to acquire Fiesta Mart LLC. Fiesta, a portfolio company of ACON Investments LL, is a Texas-based international food retailer with an emphasis on the Hispanic segment, operating 63 stores primarily in […]
Posted in, Home Page Latest News, Independent Store News, Industry News, Southeast, Store News
Rouses Will Replace Orange Beach, Alabama, Winn-Dixie This Spring
A Rouses Market soon will take the place of the Winn-Dixie at 25405 Perdido Beach Boulevard in Orange Beach, Alabama. The 40,000-s.f. store will be the company’s seventh location in Lower Alabama. The company is encouraging Winn-Dixie team members to apply for positions at the soon-to-be Rouses store. Rouses expects to acquire the store in late […]
Posted inGrocery News, Albertsons, Center Store, Home Page Latest News, Industry News, National, Suppliers
General Mills Acquiring Blue Buffalo Pet Products For $8B
General Mills Inc. and Blue Buffalo Pet Products Inc. have entered into a definitive agreement under which General Mills will acquire Blue Buffalo for $40 per share in cash, representing an enterprise value of approximately $8 billion. General Mills expects the transaction to establish it as the leader in the U.S. “wholesome natural” pet food […]
Posted inGrocery News, Albertsons, Corporate Store News, Health & Wellness, Home Page Latest News, Industry News, National, Store News
Albertsons Cos. Merging With Rite Aid, Will Rebrand Store Pharmacies
Albertsons Cos. and drugstore chain Rite Aid Corp. have entered into a definitive merger agreement under which privately held Albertsons Cos. will merge with publicly traded Rite Aid. Current Rite Aid Chairman and CEO John Standley will become CEO of the combined company, with current Albertsons Cos. Chairman and CEO Bob Miller serving as chairman. […]
Posted inNortheast
Atalanta Buys ANCO Fine Cheese From Schratter Cheese
Atalanta Corp., a New Jersey-based specialty food importer, has acquired ANCO Fine Cheese, a business unit from Schratter Foods Inc. The All Nations Cheese Organization (ANCO) is one of the largest and broadest specialty cheese importers in the U.S. Tom Gellert, Atalanta president, said, “For decades, ANCO has been one of the most established importers of […]
Posted inNortheast, Grocery News, Organic Natural, Specialty
Stonewall Kitchen Owner Completes Purchase Of Tillen Farms
Stonewall Kitchen, a specialty food manufacturer, marketer and retailer owned by Centre Partners, a New York private equity firm, has completed its acquisition of the Tillen Farms brand of premium cocktail garnishes, including crisp pickled vegetables and Pacific Northwest cherries. “We are very excited to combine our two premium specialty food brands,” said John Stiker, Stonewall […]
Posted inFood Service News, Bakery News, Corporate Store News, Deli News, Grocery News, Grocery Store Layout, Home Page Latest News, Industry News, Meat/Seafood/Poultry, Organic Natural, Produce News, Store News, West
Stater Bros. To Open First Pasadena Store This Fall
A retail space—currently a Vons store—located at 1390 N. Allen Ave. in Pasadena, California, soon will become a Stater Bros. supermarket. The company will take possession of this location in May, “ensuring a smooth transition from the current occupant,” Stater Bros. says. At 42,000 s.f., this retail space then will undergo a major remodel and reopen […]
Posted inCenter Store, Grocery News, Home Page Latest News, Industry News, Midwest, Private Label Brands, Suppliers
Post Holdings Exploring Strategic Alternatives For Private Brands Businesses
Acquisition of Bob Evans Farms expected to close on Jan. 12, new leadership appointments to follow Post Holdings Inc., a CPG holding company, plans to explore a range of strategic alternatives for its private brands businesses, which produce nut butter, dried fruit and nut, pasta and granola products for retailers, distributors and manufacturers. Post also […]
Posted in, Home Page Latest News, Industry News, Southeast, Wholesaler/Distributor News
Supervalu Completes Acquisition Of Associated Grocers Of Florida
Supervalu Inc. has completed the previously announced acquisition of Associated Grocers of Florida Inc. in a transaction valued at approximately $193 million. According to Supervalu, AG of Florida adds a dynamic grocery wholesaler to its growing national distribution network, with annual sales of approximately $650 million in its last fiscal year as estimated under Supervalu’s […]
Posted inNortheast
Atlantis Management Group Acquires Food Bag Convenience Store Group
Atlantis Management Group (AMG), a Mount Vernon, New York-based marketer of motor fuel and convenience store products, has purchased Food Bag, a 50-unit Northeast c-store chain and marketer of Citgo-branded petroleum, from General Equities of Kensington, Connecticut. Food Bag has served customers in Connecticut, New York, Massachusetts, New Jersey, Pennsylvania and Florida for more than 57 years. […]
Posted inNortheast, Grocery News, Meat/Seafood/Poultry
Home Market Foods Buys Chicago Corned Beef Company
Home Market Foods, headquartered in Norwood, Massachusetts, has acquired Kelly Corned Beef Co., which is known in the marketplace as as Kelly Eisenberg, in Chicago. More than 50 years ago, Home Market Foods began as a purveyor of fresh meats and is producer of fully cooked meat-based prepared foods for both retail and foodservice customers. […]
Posted inNortheast
Massachusetts’ Honey Farms Stores Acquired By Global Partners LP
The sale of Honey Farms Inc. to Global Partners LP was completed Oct. 18, announced Matrix Capital Markets Group Inc., an independent middle-market investment bank. The acquisition includes 11 company-operated retail sites with fuel and convenience stores and 22 stand-alone c-stores. All of the sites are located in the greater Worcester, Massachusetts, area. The purchase price was approximately […]
Posted inNortheast, Nonfood Items
JOH Buys Milwaukee HBC Broker Hansen-Stahl Sales & Marketing
JOH has acquired Hansen-Stahl Sales & Marketing (H&S), a full-service health and beauty care broker with headquarters in Milwaukee, Wisconsin. The addition of H&S will provide new areas of expertise and broader support to JOH clients and customers in the health, beauty care and GM categories in the Midwest, including Walgreens, Ulta Beauty and Meijer. “Allen Hansen […]
Posted inBeverage News, Home Page Latest News, Southwest
Topo Chico Sparkling Mineral Water Joins Coca-Cola’s Portfolio
Coca-Cola North America has acquired Topo Chico, a zero-sugar, zero-calorie, sparkling mineral water brand. The company’s Venturing & Emerging Brands (VEB) unit will bring Topo Chico into its portfolio to “nurture its storied history and century-old brand values, and bring the popular brand to more people across the U.S.” Topo Chico will continue to be imported […]
Posted in, Home Page Latest News, Independent Store News, Midwest
Festival Foods Provides Update On Gordy’s Market Acquisitions
Festival Foods entered into new agreements to purchase three Gordy’s Market locations in Wisconsin—two in Eau Claire and one in Tomah—on Sept. 13. Festival Foods had announced plans to acquire those three Gordy’s Market locations in July, but those plans temporarily stalled in August when Gordy’s announced it would have a receiver appointed. Now that […]
Posted inNortheast, Center Store, Grocery News
McCormick Completes Reckitt Benckiser Food Division Purchase
McCormick & Company said Aug. 17 that it has completed its acquisition of Reckitt Benckiser’s Food Division, a deal that first was announced on July 18. The brands acquired include Frank’s RedHot, French’s and Cattlemen’s. McCormick officials said the brands are high-quality assets and a natural strategic fit with McCormick’s “robust global branded flavor portfolio.” “We […]
Posted inNortheast
Cott To Sell Beverage Manufacturing Business To Refresco
Cott Corp. plans to sell its beverage manufacturing business to Refresco for $1.25 billion. The transaction includes Cott’s North America, U.K. and Mexico businesses. For more than 60 years, Cott Beverages has manufactured carbonated soft drinks, 100 percent shelf-stable juice and juice-based products, energy drinks, clear, still and sparkling flavored waters, sports drinks, new-age beverages, ready-to-drink teas, freezables and ready-to-drink alcoholic […]
Posted inBakery News, Home Page Latest News, National
CSM Bakery Solutions Sells BakeMark Business To Private Equity Firm
CSM Bakery Solutions, a supplier of bakery ingredients, products and services, has agreed to sell its BakeMark business to Pamplona Capital Management. CSM President & CEO Marianne Kirkegaard said the sale is an important step in advancing the company’s strategy to focus on its core business in Europe and North America. “We have always had great […]
Posted inNortheast
Sovos Brands Completes Purchase Of Rao’s Specialty Foods
Sovos Brands, a food and beverage company formed by Advent International, has completed its previously announced acquisition of Rao’s Specialty Foods, a New York producer of Rao’s Homemade, a brand of pasta sauce. Rao’s Specialty Foods is the second acquisition in less than six months for Sovos Brands. Rao’s Specialty Foods joins Sovos’ portfolio of […]