Conagra Buys Angie’s Boomchickapop Popcorn’s Parent Company

Orville Redenbacher’s popcorn owner, Conagra Brands, Chicago, is acquiring Angie’s Artisan Treats, LLC, Mankato, Minn., maker of Angie’s Boomchickapop ready-to-eat popcorn. Angie’s Artisan Treats is owned by TPG Growth, a middle market and growth equity platform of alternative asset firm TPG. Financial terms were not disclosed. Conagra said the deal should close by the end of the calendar year, subject to customary closing conditions, including the receipt of regulatory approvals.

Read full post here.

Post Holdings To Buy Bob Evans for $1.5 Billion

Post Holdings Inc., St. Louis, announced today (Sept. 19) an agreement to acquire Bob Evans Farms Inc., New Albany, Ohio, for approximately $1.5 billion. The deal will move the acquirer deeper into the breakfast category, beyond Post’s cereals and eggs, and especially into packaged and prepared breakfast entrees. Post officials called it a “highly complementary combination.”

Read full post here.

Leaf Plans Nestle US Bid

Leaf Brands LLC in Newport Beach said it will bid for Switzerland-based Nestle SA’s U.S. candy business. Nestle brands include Butterfinger, Baby Ruth and Crunch bar, and had U.S. sales of about $922 million last year, a 2.9% market share. It has begun shopping the unit to candy companies and private equity firms, the Wall Street Journal and Fortune magazine said.

Read full post here.

J&J Snack Foods Buys La Briola Baking Co.

J&J Snack Foods, Pennsauken, N.J., announced Aug. 16 it has acquired Labriola Baking Co., a premium baker of breads and artisan soft pretzels, located in Alsip, Ill. Labriola began in 1993 as a local delivery bakery in suburban Chicago, and has grown into a provider of superior prebaked breads, rolls and soft pretzels for retail in-store bakery and foodservice outlets nationwide.

Read full post here.

Mars Food Buys Stake in Preferred Brands

Mars Food, a segment of Mars Inc., has signed an agreement to acquire majority stake in Preferred Brands International, a Stamford, Conn., manufacturer and marketer of ready-to-heat Indian and Asian food products sold primarily under the Tasty Bite brand, for an unspecified amount.

Read full post here.