$3.1 billion acquisition will add flavor systems to ADM’s portfolio of specialty ingredients
July 7, 2014
Archer Daniels Midland Co. (ADM), Decatur, Ill., announced its plans to acquire Wild Flavors GmbH, Zug, Switzerland, giving ADM the ability to offer food and beverage companies a comprehensive suite of systems to enhance and improve their products, the company says.
Buyout firm to bring “renewed focus and attention” to the juice brand
July 2, 2014
Brynwood Partners, a Greenwich, Conn.-based buyout firm, announced that its newly formed portfolio company, Harvest Hill Beverage Co., has acquired the Juicy Juice business from Nestlé USA, Glendale, Calif.
Deal includes Muscle Milk brand, manufacturing facility, and production and distribution agreements
July 1, 2014
Hormel Foods Corp., Austin, Minn., has entered into a definitive agreement to acquire CytoSport Holdings Inc., Benicia, Calif., for approximately $450 million. The deal includes the Muscle Milk brand of shelf-stable, ready-to-drink protein beverages; a manufacturing facility in Benicia, Calif.; as well as several manufacturing and distribution agreements both domestically and abroad, according to Hormel Foods. Total 2014 annual sales for the Muscle Milk brand are expected to be approximately $370 million, it says.
Founder Jack Groot will retain leadership role at JP’s, become director of retail operations for Ferris
May 27, 2014
Ferris Coffee & Nut Co., a coffee roaster and nut distributor based in Grand Rapids, Mich., acquired JP’s Coffee, a coffeehouse located in downtown Holland, Mich.
Beverage ingredient companies invest to expand product offerings
May 16, 2014
Frutarom Switzerland Ltd.’s Health Business Unit announced its expansion into the omega-3 market with a line of high-quality and deodorized DHA and EPA marine-sourced omega-3 ingredients designed for a variety of food and beverage applications and dietary supplements.
Beam Suntory becomes No. 3 premium spirits company in the world
May 2, 2014
Suntory Holdings Ltd., Osaka, Japan, completed its acquisition of all outstanding shares of Beam Inc., Deerfield, Ill., for $83.50 a share on April 30.
Pro Mach Inc., Cincinnati, completed its acquisition of global capping machinery manufacturer Ets. André Zalkin & Cie. Financial terms of the transaction were not disclosed. Zalkin’s management team and employees will continue to operate from their facilities in Montreuil L’Argillé and Rueil-Malmaison, France.
Avure Technologies, Franklin, Tenn., separated into two distinct operating units: Avure Industrial Division and Avure HPP Equipment and Services Division. Both divisions will operate as separate strategic business units. This separation allows each to focus on customer service, new product development and application support specific to its specialty, the company says. Jeff Williams was named chief executive officer of the HPP Equipment and Services Division, and Jan Söderström will assume the position of chief executive officer of the Avure Industrial Division.