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…
Tag:
sells
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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…
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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,…
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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…
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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…
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Key Points: Lyons Magnus acquires Hormel Foods’ Health Labs division for undisclosed amount. Health Labs specializes in products for individuals with specific dietary needs, including dysphagia, malnutrition, diabetes, and cancer treatment. Hormel’s decision to sell Health Labs aligns with its…
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Campbell Soup has announced that it sold its Pop Secret popcorn brand to Our Home, an independent food company based in New Jersey. The exact amount of the sale was not disclosed, but Pop Secret generated approximately $120 million in…