| M&A Transactions
Potbelly Sandwich Works / RaceTrac: The company was acquired by RaceTrac for $566 million on October 23, 2025. Potbelly Corp operates and franchises a fast-casual restaurant chain specializing in sandwiches, salads, and milkshakes.
Austria Juice / AGRANA Beteiligungs: The company was acquired by AGRANA Beteiligungs, a subsidiary of Ingredion, for EUR 54.7 million on October 22, 2025. The company is a producer of fruit juice concentrates, beverage compounds, and flavor bases for soft drink, alcoholic beverage, and food manufacturing industries.
Festival Foods / Schnucks: The company was acquired by Schnucks for an undisclosed amount on October 20, 2025. The company is a regional supermarket chain based in De Pere, Wisconsin.
Genesee Candy Land / NxGen Brand: The company was acquired by NxGen Brand for an undisclosed amount on October 20, 2025. The company is a distributor of novelty candy and confectionery products to wholesale and retail customers.
Hometown Grocers / Schnucks: The company was acquired by Schnucks for an undisclosed amount on October 20, 2025. The company is a regional supermarket chain based in De Pere, Wisconsin.
International Spices / Woodland Gourmet: The company was acquired by Woodland Gourmet, via its financial sponsors Barings and Graham Partners, through an LBO on October 22, 2025 for an undisclosed amount. The company is a distributor of bulk spices, herbs, and specialty ingredients to food manufacturers, restaurants, and foodservice distributors.
Mann Packing / Church Brothers Farms: Church Brothers Farms reached a definitive agreement to acquire the company, a subsidiary of Fresh Del Monte Produce, for an undisclosed amount on October 21, 2025. The company is a producer and supplier of fresh-cut vegetables, salad kits, and value-added vegetable products.
Mokamatic / IVS Group: The company was acquired by IVS Group for an undisclosed amount on October 21, 2025. The company is a distributor of automatic vending machines for offices, hospitals, universities, and institutional facilities.
NutriAg / HGS BioScience: The company was acquired by HGS BioScience, via its financial sponsor Paine Schwartz Partners, through an LBO on October 21, 2025 for an undisclosed amount. The company is a manufacturer of agricultural nutrients, crop protection chemicals, and specialty fertilizers for commercial farming operations.
Porter Road / Chris Roach: The company was acquired by Chris Roach for an undisclosed amount on October 24, 2025. The company is an operator of a butcher shop and e-commerce platform selling pasture-raised, dry-aged beef and meat products.
Source: Pitchbook Data, Inc.
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