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Food Industry News

McCormick Purchases Reckitt Benckiser’s Food Unit for $4.2 Billion

Reckitt Benckiser was offloading its food unit prompting interest from multinationals from around the world, but has now announced that it has entered into an agreement to sell its Food business
July 20, 2017
Beating off other suitors like Unilever and Hormel, US spices, herbs and flavorings manufacturer McCormick & Company has jumped in to buy the food unit of UK-based Reckitt Benckiser.
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Food Industry News

Peak Rock Capital Affiliate Acquires Gold Coast Bakeries

Peak Rock continues to acquire leading middle market businesses in the food and beverage industry
July 19, 2017
Headquartered in Santa Ana, California, Gold Coast provides a broad array of fresh and frozen products to leading consumer packaged goods companies, grocery retailers, and foodservice customers.
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Food Industry News

Teasdale Latin Foods Acquires Rudy's Tortillas

Transaction further enhances company’s position in growing hispanic foods category
July 18, 2017
Rudy's is the fourth follow-on acquisition that Snow Phipps has completed in partnership with the Teasdale management team since Teasdale was acquired in October 2014.
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T. Hasegawa USA Acquires Affinity Flavors

The acquisition is an integral part of T. Hasegawa Co. Ltd.’s strategy to accelerate its growth, by increasing investment in international markets
July 13, 2017
Following its prior investment in South East Asia, via the acquisition of Peresscol in Malaysia, and new capital investment in China, the acquisition of Affinity Flavors is aimed at strengthening its American market position.
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Grupo Bimbo Promotes Innovative Entrepreneurship

ELEVA Food Technology Accelerator by Bimbo issued an invitation to receive innovation projects related to materials, food and new products, supply chain, automation and operations, distribution and payment methods
July 12, 2017
Eleva Food Technology Accelerator by Bimbo, is the accelerator born from the alliance of Grupo Bimbo and BlueBox Ventures to drive the 10 most innovative projects.
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Bay State Milling Company Acquires Stake in MGM Seed and Grain

Enhances Supply Chain Portfolio with Addition of Oats
July 10, 2017

Continuing a 118-year tradition of pursuing the development of specialty supply chains and healthy ingredients, Bay State Milling Company has acquired a stake in MGM Seed & Grain of Saskatoon, Saskatchewan, Canada.


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Corbion Breaks New Ground

Global ingredient solutions provider makes a big move in a short distance
July 5, 2017
Netherlands-based CSM NV’s Corbion America Inc. broke ground June 21 on a new, 58,000 square-foot complex incorporating expanded regional headquarters and state-of-the-art lab facilities. The new facility is located in Lenexa, Kan., just down the street from the company’s current—but outgrown— campus.
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Hain Celestial's Cultivate Ventures Makes Acquisition

Acquisition of The Better Bean Company will expand Hain Celestial's store perimeter product offerings
June 30, 2017
Better Bean offers consumers "The First Innovation in Beans Since the Can!," prepared beans and bean-based dips sold in chilled deli tubs.
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