Finances and Deals: Page 3
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Justin Sullivan via Getty Images
Monster Energy execs purchase Thrifty ice cream business
A holding company, linked to Hilton Schlosberg and Rodney Sacks, paid $19.2 million for the Rite Aid-owned brand and a healthcare business.
By Christopher Doering • July 9, 2025 -
Permission granted by Del Monte Foods
Canned food maker Del Monte declares bankruptcy, seeks buyer
The 139-year-old company said it is facing pressure from “a dynamic macroeconomic environment,” with a sale the most effective way to turn around its business.
By Christopher Doering • July 2, 2025 -
Trendline
Mergers and acquisitions
Declining sales and slowing consumption have more companies divesting brands, opening the door for smaller players and private equity firms to expand their portfolios.
By Food Dive staff -
Courtesy of Lamb Weston
French fry maker Lamb Weston adds new board members after activist pushback
Former CEOs of Nestlé USA and McCormick are set to join as part of a settlement agreement between the frozen potato products manufacturer and shareholder Jana Partners.
By Christopher Doering • July 1, 2025 -
Courtesy of Kellanova
Mars’ $36B takeover of Kellanova delayed amid EU investigation
The merger is now expected to close late this year as regulators look into how the deal could impact Mars’ bargaining power with retailers and prices for consumers.
By Christopher Doering • June 25, 2025 -
Courtesy of Jones Soda
Jones Soda sells cannabis business for $3M
The divestiture of its Mary Jones brand will allow the company to focus on other categories, such as alcohol and functional beverages.
By Christopher Doering • June 24, 2025 -
Permission granted by Suja Life
Deep DiveBack from the dead: Once discontinued brands get another chance
Slice, Hydrox and Odwalla are back on the market several years after they left, often with modernized changes aimed at attracting new consumers without alienating nostalgic shoppers.
By Christopher Doering • June 23, 2025 -
Adobe Stock Images / Eric Rodriguez
Sponsored by SmartCommerceThe new price reality: Why 84% of consumers have seen rising costs and how brands must respond
84% of consumers have seen rising prices, 66% expect more – brands with smart promotions and clear value will win.
June 23, 2025 -
Courtesy of Hormel Foods
Why Corn Nuts is a ‘diamond-in-the-rough’ for Hormel Foods
The food maker has taken the snack into new retail channels and accelerated innovation after it was acquired as part of a $3.35 billion deal with Kraft Heinz.
By Christopher Doering • June 16, 2025 -
Scott Olson via Getty Images
Food tech investments slow as AI grabs venture capital attention
Despite the barren funding landscape, there has been some traction for early-stage alternative protein startups, according to a Pitchbook report.
By Sarah Zimmerman • June 10, 2025 -
Courtesy of Goat Gummies
Tom Brady enters the snacking game with vegan gummies
The organic offering, called Goat Gummies, will be offered through a partnership with Gopuff.
By Christopher Doering • June 10, 2025 -
Permission granted by Ferrara's
How Nerds Gummy Clusters became the candy aisle’s biggest hit
With sales nearing $1 billion, the once-unloved candy under Nestlé has thrived under new owner Ferrara, overtaking Skittles to become the top sugar confection on the market.
By Christopher Doering • June 9, 2025 -
Permission granted by Red Robin
Conagra to sell seafood brands Van de Kamp’s and Mrs Paul’s for $55M
The sale, part of the food maker’s efforts to streamline its portfolio, comes three days after it divested Chef Boyardee.
By Christopher Doering • June 6, 2025 -
Christopher Doering/Food Dive
Post Holdings buys rest of Ronzoni pasta maker for $880M
By purchasing the remainder of 8th Avenue Food & Provisions, the food maker is building a deeper presence in branded and private label pasta, cereal and nut butter.
By Christopher Doering • June 4, 2025 -
Retrieved from B&G Foods.
Crisco owner B&G Foods sells tomato brands amid efforts to reshape portfolio
The New Jersey company has been on a selling spree in recent years to streamline its focus and reduce debt.
By Christopher Doering • May 27, 2025 -
Scott Olson via Getty Images
Kraft Heinz to explore ‘strategic transactions’ as sales decline
The ketchup and Jell-O maker did not provide details or a timetable for a decision in its announcement on Tuesday.
By Christopher Doering • May 20, 2025 -
temizyurek via Getty Images
Johnnie Walker owner Diageo teases selloffs amid tariff impact
The spirits producer, which denied reports it will divest Guinness earlier this year, said taxes on European imports could result in a $150 million hit to profits.
By Chris Casey • May 20, 2025 -
Courtesy of Daily Harvest
Chobani buys plant-based food maker Daily Harvest
The acquisition broadens the dairy giant’s reach into ready-to-make meals that include smoothies, pasta and breakfast bowls.
By Christopher Doering • May 16, 2025 -
Christopher Doering/Food Dive
Tariffs are slowing ‘what was an active M&A pipeline’ for Post Holdings
The Bob Evans and Fruity Pebbles owner is instead focused on smaller deals that increase capacity and potentially open the door to enter private label.
By Sarah Zimmerman • May 14, 2025 -
Courtesy of Kate Farms
Danone to buy majority stake in plant-based nutrition shake maker Kate Farms
The yogurt giant is building up its specialized nutrition business in the U.S. as it sees strong momentum for medical feeding products abroad.
By Sarah Zimmerman • May 12, 2025 -
Joe Raedle via Getty Images
Beyond Meat secures $100M to pay down debt as plant-based sales suffer
The alternative meat producer said volumes dropped by nearly a quarter in the U.S. due to a distribution hiccup and cautious consumer spending.
By Sarah Zimmerman • May 8, 2025 -
Courtesy of Keurig Dr Pepper
Keurig launches K-Cup ‘price lock event’ to help consumers avoid rising coffee costs
With tariffs expected to further raise prices, beverage companies are playing up affordability to retain customers.
By Chris Casey • May 7, 2025 -
Retrieved from Ghost.
Ghost ends Sour Patch, Oreo flavor collaborations after Mondelēz lawsuit
The snacks giant said the brand broke its partnership, which included the sale of Sour Patch energy drinks, when it agreed to sell its assets to Keurig Dr Pepper for over $1 billion last fall.
By Chris Casey • May 6, 2025 -
Courtesy of Just Ice Tea
The Honest truth: Just Ice Tea filling void left by Coca-Coca
After Honest Tea was discontinued by the beverage giant in 2022, its co-founder saw an opportunity in the market for an organic, less sweet drink.
By Christopher Doering • May 6, 2025 -
Courtesy of Oatly
Oatly looks to revive plant-based milk demand in US
The company is targeting Gen Z by playing up trends in health and sustainability while developing a deeper presence in coffee.
By Chris Casey • May 5, 2025 -
Courtesy of Conagra Brands
Conagra to sell Chef Boyardee to private equity firm for $600M
The sale comes as the CPG giant focuses on its core snacks and frozen meals offerings, including Slim Jim and Healthy Choice.
By Christopher Doering • May 1, 2025
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