PepsiCo To Buy Bare Snacks

PepsiCo Inc. on May 25 announced an agreement to acquire Bare Foods Co. (doing business as Bare Snacks), a U.S.-based maker of baked fruit and vegetable snacks. Neither the price of the purchase nor the sales level of the acquired company was disclosed. Nor whom the seller was.

Bare Snacks was founded in 2001 by a family-owned organic apple farm in Washington that began selling packaged baked apple chips in local farmers’ markets. Under its current leadership team, it has expanded steadily to become the leader in apple, banana and coconut snacks.

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Nestlé acquires rights to Starbucks CPG business for $7.2B

Nestlé S.A. has acquired the global rights to sell packaged retail products from coffee giant Starbucks Corporation for $7.15 billion plus additional royalties. The agreement will “accelerate and grow the global reach of Starbucks brands in Consumer Packaged Goods (CPG) and Foodservice,” according to a press release from Starbucks. This segment, which generated annual sales of $2 billion, includes whole bean and ground coffee products under the Starbucks brand, as well as coffee and tea products marketed by Seattle’s Best Coffee, Starbucks Reserve, Teavana, Starbucks VIA and Torrefazione Italia in at-home and away-from-home channels.

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Lassonde to Purchase Old Orchard Brands

Lassonde Industries, Inc., a Rougemont, Que., developer and manufacturer of fruit and vegetable juices, has agreed to acquire Old Orchard Brands, LLC, a family-owned juice and beverage company based in Sparta, Mich., for $146 million in cash. Lassonde also has agreed to purchase the company’s property, which includes land and the manufacturing plant, for $4 million. The transaction is expected to close in May. Via additional consideration, a further amount of up to $10 million may be payable over the next two years subject to specified financial milestones.

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Michigan’s Imperial Beverage acquires Bayside Beverage’s beer business

A pair of Michigan-based MillerCoors distributors are consolidating their beer businesses. Kalamazoo-headquartered Imperial Beverage today announced that, after five months of negotiating, it had acquired Bayside Beverage, the beer division of Highland Park-based Great Lakes Wine & Spirits. Financial terms of the deal, which closed on March 9, were not disclosed.

Speaking to Brewbound, Larry Cekola, Imperial’s VP of sales and marketing, said the deal would add about 220,000 case equivalents to Imperial’s existing 3 million case beer and wine business. He added that about 65 percent of Imperial’s business is in beer.

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General Mills Buying Blue Buffalo

General Mills is the latest mainstream food company to get into pet foods, today (Feb. 23) announcing it will buy Blue Buffalo Pet Products Inc. for $8 billion. The buyer claims it “establishes General Mills as the leader in the U.S. wholesome natural pet food category, the fastest growing portion of the overall pet food market, and accelerates its portfolio reshaping strategy.”

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Tyson Foods invests in lab-grown meat

Tyson Ventures, the venture capital arm of Tyson Foods, Inc., has invested in Memphis Meats, a manufacturer of cultured meat produced directly from animal cells. Financial terms of the investment were not disclosed, but Tyson said its investment represents a minority stake in the business.

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