The transaction is valued at approximately $11.3 billion
November 3, 2020
Inspire Brands, Inc. and Dunkin’ Brands Group, Inc., parent company of Dunkin’ and Baskin-Robbins, announced that they have entered into a definitive merger agreement under which Inspire will acquire Dunkin’ Brands for $106.50 per share in cash in a transaction valued at approximately $11.3 billion including the assumption of Dunkin’ Brands’ debt.
The acquired business will continue to benefit from increased demand due to the COVID-19 pandemic and generate annual net sales of approximately $270 million
October 27, 2020
B&G Foods, Inc. announced that it has entered into an agreement to acquire the iconic Crisco brand of oils and shortening from The J.M. Smucker Co. for approximately $550 million in cash, subject to a post-closing inventory adjustment.
Product lineup addresses increased diner demands for menu variety and convenient meals for the whole family this holiday season
October 27, 2020
Holiday Scoop features 14 items to help restaurant owners create standout menu items that not only meet diner demand but increase revenue opportunities this season.
One part of the story involves King & Prince Seafood Corp., Brunswick, Ga., and one of its most popular products, Lobster Sensations®. It’s a frozen, premixed blend of lobster and seafood for foodservice operations to easily and quick thaw, portion and serve. Yet back in 2018, King & Prince customers—including convenience stores, sandwich shops and in-store delis—said their employee teams still needed a little more help in the kitchen.
Innovative new plant-based tuna melt launches nationwide
October 9, 2020
Through the end of the year, Veggie Grill will add a limited-edition exclusive Tuna Melt to the menu featuring Good Catch's Plant Based Tuna, giving conscious consumers the opportunity to enjoy a classic and indulgent tuna melt without contributing to known issues like overfishing or exposure to harmful heavy metals.
New name reflects the company's growth in the global marketplace
October 9, 2020
Peter Hjort, president of the newly branded Summit Hill Foods, cited the need for a name that more closely aligns with the company's ambitious goals and global reach as the primary reasoning behind the rebranding effort.
Last February saw foodservice distributing giant Sysco Corp. approve and start selling Tyson Crispy Thigh Wings. These are boneless, skinless, whole muscle chicken thigh portions uniquely cut to look and eat just bone-in wings. It’s all to give consumers the tender, juicy taste of wings they crave—but without the bones.
The well-known proverb used to be “if at first, you don’t succeed, try, try again.” As ascribed to Thomas Palmer, the phrase had everything to do with education and encouraging 19th century American school children.
The idea behind comfort with a twist—taking something incredibly familiar or commonplace and creating a new, unexpected experience with it—is a solid one. This is particularly true now as consumers have, for the most part, retrenched to comfortable items that require little thought and less challenge to make, source and enjoy.