Articles Tagged with ''mergers and acquisitions''

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.

USA unveiled a new website, asepticusa.com, and mobile application, titled Aseptic Solutions Beverage Creator.

The consumer packaged goods market continued to see success from beverage brand owners last year.

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.

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.

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.

C&C Group plc, the Dublin-based manufacturer, marketer and distributor of beer and hard cider brands including Woodchuck and Hornsby’s, has acquired the remaining 50 percent stake in Wallaces Express, Scotland's largest wine and spirits wholesaler.

Back in the late ‘50s and ‘60s, talking beer stein characters Schultz and Dooley promoted the mellow taste and naturalness of Utica Club lager in TV commercials. At the time, the brand was a strong regional competitor produced in Utica, N.Y., by West End Brewing Co., which is known today as F.X. Matt Brewing Co.