Category Archives: Mergers & Acquisitions

Canadian cannabis company Tilray acquired hemp-food manufacturer Manitoba Harvest

Canadian cannabis company Tilray acquired hemp-food manufacturer Manitoba Harvest for up to $316 million. Manitoba Harvest sells hemp-based granola, protein powder, milk and other food products at more than 13,000 points of sale across the U.S. Manitoba Harvest plans to launch a line of products containing CBD and Tilray is looking closely at developing hemp-processing facilities in the U.S., reported The Seattle Times.

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Church Brothers Farms acquired a commodity vegetable business from Growers Express

Church Brothers Farms acquired a commodity vegetable business from Growers Express along with a licensing agreement for the Green Giant brand. Growers Express will retain the value-added segment of its business, which includes items such as Cauliflower Crumbles, Vegetable Noodles and Green Giant Fresh Vegetable Bowls, and will continue to focus on the retail market.

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Unilever acquires high-end cleaning brand The Laundress

Unilever has acquired The Laundress, a New York-based maker of high-end, eco-friendly home cleaning and laundry products. “Together we have a unique opportunity to magnify and accelerate our mission of bringing our eco-friendly, fabric-care products to every laundry room in the world,” said The Laundress co-founder Lindsey Boyd.

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Lipari Foods acquired by private equity firm

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.

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South Korean-based CJ CheilJedang will acquire an 80% stake of Schwan’s Co.

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.

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