sells

Summary: General Mills has decided to sell Muir Glen, a smaller brand in its portfolio, in order to focus more on its core products like Cheerios and Progresso. The sale comes at a time when more people are cooking at…

Key Takeaways: L Catterton is acquiring a majority stake in Good Culture, a cottage cheese manufacturer, in a deal valued at over $500 million. Good Culture plans to use the investment to expand production capacity, meet growing demand, and introduce…

Hormel Foods Establishes Partnership with Forward Consumer Partners Hormel Foods is selling a majority stake in Justin’s, the popular nut spreads and confectionery brand, to a private investment firm for an undisclosed amount. The Spam and Planters manufacturer is selling…

Key Takeaways: Post Holdings is selling the pasta portion of its 8th Avenue Food & Provisions division to Richardson Holdings just two months after acquiring Ronzoni for $880 million. The deal involves Post receiving $375 million in cash and Richardson…

Key Points: Dole sold its fresh vegetable division to private equity firm Arable Capital Partners for $140 million. Dole will retain its facilities in Huron, California, and Yuma, Arizona. The initial deal with Fresh Express was terminated due to opposition…

Key Points: Jones Soda has sold its cannabis beverage business, including the Mary Jones brand, to MJ Reg Disrupters for $3 million. The sale is part of Jones’ strategy to streamline operations and focus on its core soda offerings, functional…

Summary: B&G Foods has divested two of its tomato brands to a private equity company as part of its strategy to reduce debt and streamline its portfolio. Violet Foods, a newly established entity under Amphora Equity Partners, will take over…

New Insights: Smithfield Foods is swiftly offloading pigs as the top pork producer in the U.S. aims to recover losses in hog production and expand its presence in packaged meats. The company anticipates producing approximately 11.5 million hogs in 2025,…

Dive Brief: Spindrift Beverage has announced a majority stake sale to private equity firm Gryphon Investors, with former Boston Beer head Dave Burwick taking over as CEO. Spindrift, known for its low-sugar sparkling water with real fruit flavors, has seen…

Campbell Soup to Sell Noosa Yogurt Business to Lakeview Farms Dive Brief: Campbell Soup has announced the sale of its Noosa yogurt business to Lakeview Farms, a manufacturer known for fresh dips, desserts, and specialty products. The terms of the…