Founded in 2012 by Katlin Smith, Simple Mills is a market-leading natural brand offering premium better-for-you crackers, cookies, snack bars, and baking mixes.
The acquisition is expected to be completed in the first calendar quarter of 2025, Post's second quarter of fiscal year 2025, subject to customary closing conditions.
The acquisition marks a major step forward for Midas Foods, aligning with its strategy to establish a national manufacturing footprint and broaden its offerings to include retail packaging, shaker bottles, and more.
Their products are sold at leading national retailers under the Furlani brand, and as private label and food service brands. Furlani is also the number one brand of pre-packaged garlic breads in Canada.
noosa is a leading manufacturer and marketer of premium whole-milk, Australian-style yogurt products, known for its rich, creamy texture and unique flavors.
Sabra and Obela are currently 50/50 joint ventures that had been formed between PepsiCo and Strauss Group to manufacture, distribute, and sell refrigerated dips and spreads.
"We are delighted to welcome our new colleagues from CP Kelco, as well as its customers and partners to Tate & Lyle. This is an exciting time for both businesses as we come together to create a new and compelling proposition for our customers," said Nick Hampton, chief executive officer, Tate & Lyle.
The strategic transaction provides Celsius with a 170,000sq-ft, modern manufacturing and warehouse facility that is expected to provide greater supply chain control, quicker innovation cycles and greater production flexibility.