Kingswood Capital Management Acquires Branding Iron Holdings, a Leading Protein Provider

Kingswood Capital Management, LP (together with its affiliates, “Kingswood”) announced today that it has acquired Branding Iron Holdings (“Branding Iron” or “the Company”), an industry-leading provider of branded and private label protein products, including beef and pork, with a core focus on frozen and refrigerated ground meats. This represents the latest investment for Kingswood in the food and beverage industry.

“It was important to us to identify a long-term partner who will help us grow and support customers across...

BRF Buys Stake in Saudi Arabian Poultry Company for USD 84 Million

BRF reported on 31 October that it formalized the purchase of 26% of shares of the Saudi Addoha Poultry Company, one of the largest chicken producers in Saudi Arabia, for USD 84.3 million.

The announcement is on the back of BRF's partnership with Saudi Arabia's Public Investment Fund (PIF) set to invest USD 500 million in poultry production and food processing in the region.

According to media outlet Infomoney, Bradesco’s BBI analysts estimate that the Addoha factory purchased, which operates entirely in the halal...

Forever Cheese Expands Value-Added Service Capabilities with Acquisition of Virginia Packing

Forever Cheese, a leading importer of cheese, cured meats, and other specialty foods, announced today that it has acquired substantially the assets of Virginia Packing, LLC (“Virginia Packing”), headquartered in Toano, Virginia. Virginia Packing specializes in cured meat slicing, packing and logistics services for premium domestic and international brands. This strategic partnership accelerates Forever Cheese’s ability to offer value-added services to its customers with plans to expand within the current facility.

Virginia Packing and Forever Cheese share a commitment to product quality, and both...

Wakefern Food Corp. Acquires Di Bruno Bros. Portfolio of Branded Products

Wakefern Food Corp. today announced the acquisition of the Di Bruno Bros. portfolio of specialty products that are currently distributed nationally to wholesale and retail customers.

A pioneering specialty food retailer and purveyor of gourmet cheeses and cured meats in the Philadelphia area since 1939, Di Bruno Bros. was also one of the first specialty grocers online when it began selling its products nationwide in 1998.

The five Di Bruno Bros. retail locations and a bottle shop in Philadelphia were recently acquired by DB Gourmet Markets...

Performance Food Group Company Completes the Acquisition of Cheney Bros, Inc.

Performance Food Group Company (PFG) today announced that it has completed the acquisition of Cheney Bros., Inc. (“Cheney Brothers”), a leading independent broadline foodservice distributor based in Riviera Beach, Florida. The acquisition creates a stronger presence in the Southeast region and provides additional distribution capacity. Cheney Brothers generates approximately $3.2 billion in annual revenue. The company has approximately 3,600 employees and operates five distribution centers in Florida and North Carolina. PFG continues to expect to generate approximately $50 million...

Flora Food Group Announces Acquisition of New Facility in Southwestern Kansas

Flora Food Group B.V., global branded food champion, today announced the purchase of a manufacturing facility located in Hugoton, Kansas. This facility closed earlier this year under its previous owner.

The facility will serve as the hub for Flora Food Group’s creams and cream cheeses products for the U.S. and Canada and across the rest of the Americas region over time, while its existing New Century, KS facility will continue to serve as the U.S. hub for Flora Food Group’s butters and spreads products...

General Mills Announces Agreements to Sell Its North American Yogurt Business to Lactalis and Sodiaal

General Mills, Inc. (NYSE: GIS) today announced that it has entered into definitive agreements to sell its North American Yogurt business to Lactalis and Sodiaal, two leading French dairy companies, in cash transactions valued at an aggregate $2.1 billion USD. Following the completion of the transactions, the U.S. and Canadian businesses will operate independently, with Lactalis acquiring the U.S. business and Sodiaal acquiring the Canadian business. The proposed transactions are expected to close in calendar 2025, subject to receipt of requisite regulatory approvals and other customary closing conditions.

The divestitures encompass the U.S. and Canada operations of several yogurt brands including...

Cargill Acquires Two Feed Mills in Denver and Kansas City from Compana Pet Brands

Cargill Animal Nutrition and Health has acquired two feed mills from Compana Pet Brands – one in Denver, Colorado, and the other in Kansas City, Kansas. With the addition of the two facilities, Cargill will be expanding its production and distribution capabilities in the western and central regions of the US, the company has announced.   

Through the Denver mill acquisition, Cargill will welcome over 35 employees. The Denver mill has dedicated packing lines, allowing for growth with ag retail customers who serve the backyard/hobby farmer and pet owner segments...

FCPT Announces Acquisition of 19 Bloomin’ Brands Restaurant Properties for $66.4 Million

Four Corners Property Trust, a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties, is pleased to announce the acquisition of 19 Bloomin’ Brands restaurant properties comprising of 20 total restaurants (10 Outback Steakhouse restaurants and 10 Carrabba’s Italian Grill restaurants, including one dual-tenant property with both concepts) for a purchase price of $66.4 million. The 19 properties are located across 10 states (AZ, FL, GA, KY, LA, NC, NV, PA, SC, and TN)...

Kroger Files Motion to Enjoin the FTC's Administrative Merger Challenge

The Kroger Co. today filed a motion for preliminary injunction in the U.S. District Court, Southern District of Ohio, against the Federal Trade Commission's (FTC) administrative proceeding challenging the company's merger with Albertson's Companies, Inc. The company argues that by proceeding in its administrative tribunal, in addition to the separate action in federal court, the FTC is violating Constitutional protections.

The motion details how the FTC's administrative proceeding against the merger clearly violates the Constitution in two areas:

• First, the FTC violates Article II of the Constitution because...

Vertical Cold Storage Completes Purchase of Dothan Facility

Vertical Cold Storage, a developer and operator of temperature-controlled distribution centers sponsored by real estate investment firm Platform Ventures, finalized the acquisition of the frozen distribution center from Dothan Warehouse Investors in Dothan, Alabama. Terms were not disclosed.

“We are excited to add Dothan to our growing network of temperature-controlled distribution centers and are looking forward to partnering with them as we focus on integrating the business and serving our customers. Dothan is the third operation we’ve added to our network...

Butterworks Farm Welcomes New Owners, Expands Organic Grass-Fed Yogurt Reach

Butterworks Farm, a beloved gem in Vermont’s Northeast Kingdom, proudly announces its acquisition by Anthony Calderaro, Ania Kuniej, and Joseph Calderaro. This exciting transition marks a new chapter for the farm, a pioneer in grass-fed organic dairy farming since its founding by Jack and Anne Lazor in 1976.

Renowned for its 100% grass-fed organic dairy products made from the buttery, protein-rich, creamy milk of its Jersey cows, Butterworks Farm has earned a loyal customer base through its commitment to both quality products and sustainable farming practices...

Conagra Brands Acquires FATTY Smoked Meat Sticks

Today Conagra Brands, Inc. announced that it has acquired Sweetwood Smoke & Co., maker of FATTY Smoked Meat Sticks. Financial terms were not disclosed.

FATTY Smoked Meat Sticks are protein-packed, better-for-you snacks for people on the go, made with high-quality pork and beef smoked with real hickory wood.

"The acquisition of FATTY Smoked Meat Sticks is another step in reshaping our portfolio for faster growth," said Sean Connolly, president and chief executive officer of Conagra Brands. "Adding a premium brand such as FATTY to our growing, better-for-you...

Lindsay Goldberg to Acquire a Controlling Interest in Golden State Foods

Golden State Foods, one of the largest diversified suppliers to the foodservice and retail industries, today announced that Lindsay Goldberg, a family and founder-focused private equity firm, has entered into an agreement to acquire a controlling interest in the Company alongside the Wetterau family, who will maintain a significant ownership interest. The acquisition recognizes GSF’s outstanding 75-plus year track record of successful value creation and builds on GSF’s strong momentum. The investment by Lindsay Goldberg will provide the Company with additional resources and capabilities to advance its...