| M&A Transactions
Mühle Rüningen / Bloemmolens van Geel: The company, a subsidiary of Dossche Mills, was acquired by Bloemmolens van Geel for EUR 79.8 million on January 29, 2025. The company is a producer and supplier of flour products based in Salzgitter-Ringelheim, Germany.
Fever-Tree USA / Molson Coors Beverage Company: Molson Coors Beverage Company entered into a strategic agreement with Fever-Tree plc on January 30, 2025. The Agreement included Molson Coors assuming commercialization rights to Fever-Tree’s U.S. portfolio of tonics, ginger beers, and cocktail mixers, and Molson Coors acquiring an 8.5% holding in Fever-Tree for STG 71 million.
Island Abbey Nutritionals / TopGum: The company reached a definitive agreement to be acquired by TopGum for $20 million on January 27, 2025. The company will receive a contingent payout based on its 2025 results. The company is a producer of honey-based food products intended to help with ailments and promote wellness.
Arcane Technologies / Analog Liquid: The company was acquired by Analog Liquid for an undisclosed amount on January 28, 2025. The company is a producer of vacuum distilled beer whiskey and fernet based in New York, United States.
Cloverhill Pastry-Vend / JTM Foods: The company, a subsidiary of Hostess Brands, entered into a definitive agreement to be acquired by JTM Foods, via its financial sponsor Tenex Capital Management, through an LBO for an undisclosed amount on January, 31, 2025. The company is a producer of fresh baked sweet goods distributed throughout North America.
Dempsey Bakery / Friendly Bakery: The company was acquired by Friendly Bakery for an undisclosed amount on January 28, 2025. The company is an operator of a bakery catering to restaurants and small groceries across Arkansas.
Farmers Hen House / Pete & Gerry’s: The company was acquired by Pete & Gerry’s, via its financial sponsors Butterfly Equity, CFT Capital Partners, Benford Capital Partners, Unfold Ventures, Rabo Investments and British Columbia Investment Management, through an LBO on January 28, 2025 for an undisclosed amount. The company is a U.S distributor of organic and pasture-raised eggs for natural, supermarket, mass and club channel customers.
Fourpure Brewing / Keystone Brewing Group: The company was acquired by Keystone Brewing Group through an LBO on January 28, 2025 for an undisclosed amount. The company is a producer of beer based in London, United Kingdom.
General Mills / Sodiaal: The Canadian yogurt business unit of General Mills was acquired by Sodiaal, via its financial sponsors IDIA Capital Investissement and Sofiproteol, through an LBO on January 27, 2025 for an undisclosed amount. The divesture includes the Canadian operations of several yogurt brands including Yoplait and Liberté, as well as a manufacturing facility in Saint-Hyacinthe, Québec.
Gürkan Schinkenproduktion / Isla Délice: The company was acquired by Isla Délice, via its financial sponsor Perwyn Advisors, through an LBO on January 27, 2025 for an undisclosed amount. The company is a producer of traditional halal meat products in Hövelhof, Germany.
Hulstaert & Cie / Eurovo: The company was acquired by Eurovo, via its financial sponsor Amundi, through an LBO on January 27, 2025 for an undisclosed amount. The company is a supplier of egg products in Northern Europe, including whole eggs, yolk and egg white.
Kern & Sammet / Romer’s Hausbäckerei: The company, a subsidiary of Knecht Mühle, reached a definitive agreement to be acquired by Romer’s Hausbäckerei, a subsidiary of IDAK Food Group, for an undisclosed amount on January 29, 2025. The company is a producer of frozen bakery and confectionery products in Wädenswil, Switzerland.
Les Nouveaux Affineurs / Jay & Joy: The company was acquired by Jay & Joy for an undisclosed amount on January 30, 2025. The company is a producer of plant-based, vegan cheese products based in France.
Magic Rock Brewing / Keystone Brewing Group: The company was acquired by Keystone Brewing Group through an LBO on January 28, 2025 for an undisclosed amount. The company is a producer of beer products based in Huddersfield, England.
Sally Produce / GrubMarket: The company was acquired by GrubMarket for an undisclosed amount on January 27, 2025. The company is a wholesaler of fresh fruits and vegetables for grocery retailers and restaurants.
Salt Spring Coffee / Caffè Artigiano: The company was acquired by Caffè Artigiano for an undisclosed amount on January 31, 2025. The company is a provider of regenerative organic and fair trade coffee based in Vancouver, Canada.
SoFine Foods / The New Originals Company: The company, a subsidiary of Elsa Estavayer Lait reached a definitive agreement to be acquired by The New Originals Company for an undisclosed amount on January 31, 2025. The company develops and manufactures a wide range of private label plant-based meat alternatives for retail, foodservice & commercial customers.
Trident Beverage / Frazil: The company, a subsidiary of Ronnoco Coffee was acquired by Frazil, via its financial sponsors Saltoun Capital Partners and M2O, through an LBO on January 27, 2025 for an undisclosed amount. The company is a provider of beverage and dispenser products for schools, daycares, restaurants, bars, and other foodservice venues.
Source: Pitchbook Data, Inc.
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