by Tracy Collins | Sep 2, 2014 | Mergers & Acquisitions
After months of speculation that it would make the move, Cargill on Sept. 2 said it has agreed to purchase Archer Daniels Midland Co.’s global chocolate business for $440 million. The transaction will include six chocolate plants, several brands, and will add 700...
by Bob Leonard | Aug 31, 2014 | Mergers & Acquisitions
The U.S. Department of Justice has given antitrust approval to Tyson Foods for its purchase of Hillshire Brands. As part of the approval, Tyson will sell its Heinold Hog Markets sow-buying business. Combined, the two companies buy about 35% of U.S. sows. Read full...
by Tracy Collins | Aug 17, 2014 | Mergers & Acquisitions
The Coca-Cola Co. has acquired a 16.7% stake in the Monster Beverage Co., Corona, Calif., for approximately $2.15 billion. As part of the agreement, Coca-Cola will transfer its global energy beverage business to Monster, and Monster will transfer its non-energy...
by Bob Leonard | Aug 13, 2014 | Brand News, CPG, Mergers & Acquisitions
The second quarter marked “a key turning point” for Snyder’s-Lance, following the company’s acquisition of Baptista’s Bakery and its sale of its private-label division, Snyder’s President and CEO Carl Lee said. “But even more...
by Tracy Collins | Jul 20, 2014 | Mergers & Acquisitions
Hain Celestial Group, Inc. has paid $40 million for the remaining 51.3% interest in Hain Pure Protein Corp. (H.P.P.) that it did not already own from an affiliate of Pegasus Capital Advisors, L.P. H.P.P. is an antibiotic-free and organic poultry company that offers a...
by Bob Leonard | Jul 19, 2014 | Mergers & Acquisitions
Treehouse Foods Inc. plans to offer $325 million in shares to help fund its $860 million acquisition of private-label trail mix maker Flagstone Foods. The Oakbrook, IL food maker, which is known for producing pickles and powdered creamer, outlined plans to buy...