Stories, trends, deal makers and breakers, investors and seekers. Read about PE investment deals, M&A, capital markets and business in general, right here!

private-equity-investments-mergers-acquisitions-food-beverages-north-america

The shift in consumers’ tastes is becoming more apparent every day, and it isn’t just the supermarket aisle where that change is visible. Snack manufacturers, artisanal brands, and smaller food companies are rapidly gaining attention within the sphere of private equity…

The shift in consumers’ tastes is becoming more apparent every day, and it isn’t just the supermarket aisle where that change is visible. Snack manufacturers, artisanal brands, and smaller food companies are rapidly gaining attention within the sphere of private equity investments, mergers and acquisitions in the United States. Take a look at some of the investments and deals that occurred in the United States in the past weeks.

Riverbend Foods bought Treehouse’s Soup and Infant Feeding business

Riverbend Foods LLC, a portfolio company of Insight Equity, acquired TreeHouse Foods’ soup and infant feeding business. The deal is expected to close in the third quarter of this year. The Soup and Infant Feeding (SIF) business is based in Pittsburgh, and is a manufacturer of private label condensed and ready-to-serve soup, baby food and gravy packaged in cans and glass jars.

Tyson acquired Oaktree-backed AdvancePierre

Tyson Foods acquired Ohio-based AdvancePierre Foods, a producer of sandwiches and other entrees, and a provider of snacks to various food outlets. The total enterprise value of the transaction was pegged at $4.2 billion. Morgan Stanley & Co LLC provided financial advice to Tyson on the deal while Credit Suisse Securities (USA) LLC and Moelis & Company LLC served as financial advisers to AdvancePierre, which was backed by Oaktree Capital Management LP.

Unilever bought New York-based condiment maker, Sir Kensington’s

Unilever announced its acquisition of New York based condiment maker, Sir Kensington’s. Verlinvest, the Belgian investment firm, which had invested in the business, would be bought out, giving Unilever full ownership of the company, according to The New York Times. Being part of the Unilever umbrella will help Sir Kensington’s gain wider distribution.

Blackford Capital’s Michigan Prosperity Fund invested in Ellison Bakery

Blackford Capital, through its Michigan Prosperity Fund, made an undisclosed investment in Indiana-based Ellison Bakery Inc, a maker of cookie, snack bar, and other products. Blackford Capital is planning to use Ellison Bakery as a platform company to carry out further acquisitions of industrial bakeries in adjacent industries, particularly in the gluten-free, nut-free and other ingredient-restrictive markets.

To gain access to a wide selection of curated M&A deals in the food and beverage sector, sign up for a free trial on our website www.bankerbay.com.

Image source: Pixabay

Comments