Tyson Buying Keystone Foods for $2.16 Billion

Tyson Foods Inc. on Aug. 20 revealed an agreement to buy Keystone Foods, a major supplier to foodservice customers, from Marfrig Global Foods for $2.16 billion in cash.

Headquartered in West Chester, Pa., Keystone supplies chicken, beef, fish and pork to some of the world’s leading quick-service restaurant chains, as well as retail and convenience store channels. McDonald’s was among its top clients. Its product portfolio includes chicken nuggets, wings and tenders; beef patties; and breaded fish fillets.

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PepsiCo acquires SodaStream for $3.2 Billion

Over the years Coke’s acquisitions have shown the company has guts, spunk, and chutzpah. Now they’ve got Moxie. The Coca-Cola Company has purchased cult favorite soda brand Moxie from independent bottler Coca-Cola of Northern New England (CCNNE) for an undisclosed sum, the company announced today. The transaction is expected to close in the fourth quarter.

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Keurig Dr Pepper completes Merger between Keurig Green Mountain and Dr Pepper Snapple Group

BURLINGTON, Mass. & PLANO, Texas — Keurig Dr Pepper (NYSE: KDP) today announced the successful completion of the merger between Keurig Green Mountain and Dr Pepper Snapple Group. The transaction creates the seventh-largest company in the U.S. food and beverage sector and third-largest beverage company in North America, with annual revenues of approximately $11 billion.

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Conagra acquires Pinnacle for $10.9 B

Conagra Brands announced today that it will acquire Pinnacle Foods for $10.9 billion in cash and stock. The deal is expected to close before the end of 2018. The merger of Conagra and Pinnacle makes the duo the second-largest U.S. frozen food company behind Nestle. Pinnacle’s portfolio — which includes brands such as EVOL, Udi’s, Glutino and Birds Eye — also helps Conagra with the company’s multi-year transformation plan. Combined, the new conglomerate’s net sales are approximately $11 billion based on both Pinnacle and Conagra’s latest fiscal year results.

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