Funding Acquisition and Finance News
Lifeway Foods Rejects Danone’s $283M ‘Opportunistic’ Takeover Offer – Food Dive
Lifeway Foods rejected a Sept. 23 offer by Danone to acquire the kefir maker for about $283 million, or $25 a share. Danone, a long-time shareholder in Lifeway, currently owns 23.4% of its common shares.
UpSnack Brands Acquires Pipcorn and Spudsy – FoodBev Media
UpSnack Brands has acquired the assets of Pipcorn Heirloom Snacks, a better-for-you salty snack brand known for its use of heirloom corn, and Spudsy, a company specializing in upcycled sweet potato snacks.
BRF to Acquire 26% Stake in Addoha Poultry – Just Food
Brazil-headquartered meat major BRF has signed a binding agreement to acquire a 26% stake in Saudi Arabia-based Addoha Poultry Co.
Lactalis USA to Increase Feta Production With $55M Investment – FoodBev Media
Lactalis USA has announced plans to invest $55 million to increase the volume of Président feta cheese produced in the US.
Celsius Holdings Boosts Innovation, Production Capacity With $75M Co-packer Purchase – Food Dive
Celsius Holdings spent $75 million to acquire Big Beverages Contract Manufacturing, a long-time co-packing partner.
Big Idea Ventures Announces Six New Investments – FoodBev Media
Big Idea Ventures has announced six new company investments through the Global Food Innovation Fund II (GFIF II).
1440 Foods Acquires Protein Bar Brand Fitcrunch – Just Food
1440 Foods, a company holding a collection of sports and active nutrition brands, has acquired the protein bar brand Fitcrunch for an undisclosed sum.
Kellanova Sales Rise as Shareholders Approve Mars Merger – Food Dive
Kellanova signaled a strong outlook for 2025 after seeing higher demand for its snack products in its most recent quarter. The Pringles maker, which agreed to be acquired by Mars for $36 billion in August, saw a 6% increase in organic sales year-over-year and a 16.1% increase in profits.
Kilcoy Global Foods Buys Australia Burger Factory From Tyson Foods – Just Food
Private-equity-owned Kilcoy Global Foods (KGF) has acquired a burger factory in Australia from Tyson Foods.