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Funding Acquisition and Finance News

Lifeway Foods Rejects Danone’s $283M ‘Opportunistic’ Takeover OfferFood 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 SpudsyFoodBev 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 PoultryJust 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 InvestmentFoodBev 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 PurchaseFood Dive

Celsius Holdings spent $75 million to acquire Big Beverages Contract Manufacturing, a long-time co-packing partner.

Big Idea Ventures Announces Six New InvestmentsFoodBev 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 FitcrunchJust 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 MergerFood 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 FoodsJust Food

Private-equity-owned Kilcoy Global Foods (KGF) has acquired a burger factory in Australia from Tyson Foods.

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