Articles Tagged with ''acquisitions''

The acquisition of the Sabra Salsa business, including the SQF Level 2 Oceanside manufacturing facility and strong workforce, enhances the Company's salsa manufacturing capabilities and adds capacity to support the continued growth of Stir-Pacifica.

According to Bill Johnson, chairman of both the noosa and Sovos boards of directors and former chairman, CEO and president of H.J. Heinz, Sovos will guide Noosa into its next phase of growth while remaining true to the brand's standard of making the finest yogurt with the finest ingredients.

Jeff Harris, CEO of Flavor Producers said “The acquisition of Flavormatic is consistent with our growth strategy to expand our customer base and broaden our technical capabilities. By combining our R&D expertise with Flavormatic’s, we are offering our customers a broader range of solutions and resources.”

Health Warrior was founded in 2011 by a group of college friends, Dan Gluck, Nick Morris and current Chief Executive Officer Shane Emmett, who wanted to make nutrient-dense foods more accessible to more Americans.

Here are a handful of acquisitions that have taken place in the past 30 days or so.

Rich’s has annual sales exceeding $3.8 billion and operates in more 100 locations globally. Its refrigerated and frozen products range from cakes and icings to pizza, appetizers and specialty toppings and it distributes to operator customers in foodservice, retail, and in-store bakery, deli and prepared foods.

Hearthside was acquired in May 2018 by Charlesbank Capital Partners and Partners Group on behalf of their clients.

In 2017, SlimFast delivered $212 million net sales, adjusted EBITDA (before non-recurring costs) of $24 million and, after non-recurring supply chain transition costs, a net loss before tax of $12 million.  The gross assets of SlimFast at its 2017 financial year end were $136 million. Glanbia plans to operate SlimFast within its Performance Nutrition segment. 

This agreement combines high quality, traceable and responsibly-sourced raw materials with industry-leading innovation for Layn’s sweetener solution products.