Lakeview Farms, a marketer and manufacturer of refrigerated desserts, dips, seafood salads and spreads, has acquired Simply Fresh Foods, Buena Park, Calif., from Ancor Capital Partners.
Distributor Lipari Foods has been acquired by Miami-based private equity firm H.I.G. Capital. Financial terms of the deal, announced Tuesday, weren’t disclosed. Under the transaction, H.I.G. purchased Westport, Conn.-based Sterling Investment Partners’ interests in Lipari Foods Operating Co. LLC.
The acquisition doubles Roland Foods’ portfolio of hard-to-source specialty products, increases its presence in the pastry and confections product lines, and offers entry into the frozen and refrigerated categories.
South Korean-based CJ CheilJedang will acquire an 80% stake of Schwan’s Co. and certain subsidiaries in the retail, grocery and foodservice markets. Schwan’s will retain a 20% stake in those businesses along with full ownership of Schwan Home Service, its home delivery business. Schwan’s will be operated as a subsidiary of CJ Foods America Corp., operations will continue to be headquartered at the Minnesota-based corporate offices and current senior management will remain in place.
Elev8 is working to bottle its brand of iced tea infused with CBD, and also makes CBD Iced Coffee. YP distributes natural brands including Mondelez-owned Tate’s Bake Shop.
Kraft Heinz has agreed to sell its Canadian natural cheese unit to Lactalis-owned Parmalat for $1.23 billion.
Flowers Foods agreed to acquire Canyon Bakehouse, a privately held, gluten-free baking company based in Johnstown, CO, for approximately $205 million. Flowers Foods plans to leverage its distribution network and retail partnerships to drive growth of the Canyon Bakehouse brand. The acquisition is expected to be completed in fourth quarter 2018.
PepsiCo acquired Health Warrior Inc., a nutrition product company with a portfolio of plant-based products including nutrition bars, protein powder and mug muffins. PepsiCo believes the transaction will further expand its reach in the U.S. nutrition category.
Kerry has agreed to acquire Fleischmann’s Vinegar Company and AATCO Food Industries for approximately €365m.
T. Marzetti Co., a wholly-owned subsidiary of Lancaster Colony Corp., has acquired Bantam Bagels, L.L.C. for $34 million. Based in New York City, Bantam Bagels makes frozen mini stuffed bagels and mini stuffed pancakes for distribution to retail and food service channels.