Anheuser-Busch InBev acquires energy drink maker Hiball

One year after inking a deal with coffee giant Starbucks, the world’s largest beer company is making another investment in the non-alcoholic beverage segment. Anheuser-Busch InBev today announced plans to acquire Hiball Inc., a San Francisco-based beverage company founded in 2005 that markets a range of caffeinated beverages, including energy drinks, sparkling waters and cold brew coffees. The company also makes a line of non-caffeinated juices and seltzers, called Alta Palla.

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Sovos Brands to Purchase Rao’s Specialty Foods

Sovos Brands, a new food and beverage company formed by Advent International private equity investors, has agreed to acquire Rao’s Specialty Foods, Inc., New York. The deal should be completed in the third quarter of this year. Advent formed San Francisco-based Sovos to purchase and build one-of-a-kind brands to establish a scale player in the consumer packaged goods (CPG) industry.

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Tyson Buying AdvancePierre for $4.2 Billion

Two new CEOs lost no time shaking up the food world.

Tyson Foods Inc. has agreed to pay $4.2 billion for AdvancePierre Foods Holdings Inc., a Cincinnati-based distributor of ready-to-eat sandwiches and other items for convenience stores and foodservice.

In tandem, Tyson also announced its intention to sell three “non-protein businesses”: the Sara Lee frozen bakery business, Kettle (soups and sauces) and Van’s (waffles). A buyer has not yet been identified.

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Unilever Buys Condiment Maker Sir Kensington’s

Unilever agrees to purchase Sir Kengington’s, a tiny condiments maker that has won shelf space at Whole Foods and other retailers. Terms of the deal weren’t disclosed. Belgium’s Verlinvest, a family investment firm, and the founders’ friends and family members who invested in the business, will be bought out, giving Unilever full ownership of the New York company. The move comes at a time when consumers are increasingly willing to try out new brands they find at the grocery store, the New York Times has reported.

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