Category Archives: Mergers & Acquisitions

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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Flowers Foods agreed to acquire Canyon Bakehouse

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.

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PepsiCo acquired Health Warrior Inc.

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.

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