Consumer Private Placement and M&A Transactions Review Week Ending December 14, 2025

Recess: The company raised $45.6 million of Series B venture funding in a deal led by CAVU Consumer Partners on December 8, 2025, putting the company’s pre-money valuation at $112 million. Vanquish Equity, Torch Capital, Rocana Ventures Partners, Midnight Venture Partners, Döhler Ventures, KAS Venture Partners and Craig Kallman also participated in the round. The company is a producer of hemp-infused sparkling water beverages with adaptogens.

Fresco: The company raised EUR 15 million of Series C venture funding from The Middleby, Aerem Ventures and Alsop Louie Partners on December 10, 2025. Morpheus Ventures, Act Venture Capital, Samuel Dennigan, Barry Napier and Tyler Hu also participated in the round. The company is a developer of an AI-powered smart cooking platform for connecting recipes to smart appliances.

Cairnspring Mills: The company raised $12.2 million of Series D venture funding from undisclosed investors on December 8, 2025. The company is an operator of an organic flour mill producing stone-milled grain flour from regional wheat.

Loonen: The company raised $6 million of venture funding in a deal led by Brand Foundry Ventures on December 12, 2025. FJ Labs and other undisclosed investors also participated in the round. The company is a producer of spring-sourced alkaline bottled water with natural minerals and balanced pH levels.

Code of Cultures: The company received an undisclosed amount of development capital on December 8, 2025. The company is a producer of probiotic and prebiotic nutritional supplements for digestive health and immune support.

RTZN: The company received an undisclosed amount of development capital from GroundForce Capital on December 9, 2025. The company is a producer of plant-based protein snacks with functional ingredients for sustained energy and nutrition.

Kellanova / Mars: The company was acquired by Mars for $36 billion on December 11, 2025. Kellanova (previously the global snacking arm of Kellogg) is a manufacturer of snack products including salty snacks, snack bars, frozen breakfast, and meat alternatives.

US Salt / Abrams Capital: The company reached a definitive agreement to be acquired by ContextLogic Holdings, Abrams Capital, and BC Partners for $907.5 million on December 8, 2025. The company is a producer and processor of evaporated salt for food, industrial, pharmaceutical, and water treatment applications.

Stampede Culinary Partners / Premium Brands Holding: The company reached a definitive agreement to be acquired by Premium Brands Holding for $662.5 million on December 10, 2025. The company is a producer of prepared protein products including sous-vide, smoked, and value-added meats for foodservice and retail.

Ginsberg’s Foods / Sysco: The company was acquired by Sysco for an undisclosed amount on December 12, 2025. The company is a provider of food products and ingredients to restaurants, schools, institutions, and foodservice operators.

Grassa / Lely: The company received an undisclosed amount of financing from Lely on December 9, 2025. The company is a developer of bio-refinery technology for processing grass and agricultural waste into sustainable products.

Jb Foods / Lynas Foodservice: The company was acquired by Lynas Foodservice for an undisclosed amount on December 8, 2025. The company is a wholesaler and distributor of food products serving restaurants, professional kitchens, and communities across Scotland.

Mushroom Madness / FBC Holding: The company was acquired by FBC Holding for an undisclosed amount on December 10, 2025. The company is a producer of functional mushroom supplements and beverages for energy, cognitive focus, and immune support.