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The company said the acquisition of these businesses will better position the company for capturing the growing demand for aseptic protein beverages and nutritional snacks.
September 1, 2021
Saputo Inc., Montreal, said it completed the acquisition of the Carolina Aseptic and Carolina Dairy businesses formerly operated by AmeriQual Group Holdings LLC.
Maryland & Virginia Milk Producers Cooperative is a community of more than 900 dairy farm families in 13 states that is “passionate about cultivating dairy goodness and bottling fresh Maola brand milk and dairy products.”
The acquisition will expand Lifeway Foods’ position within the better-for-you drinkable dairy space.
August 3, 2021
Lifeway Foods Inc., a Morton Grove, Ill.-based supplier of kefir and other fermented probiotic products to support the microbiome, announced its intent to acquire certain assets of privately held Laguna Beach, Calif.-based GlenOaks Farms Inc., a drinkable yogurt brand founded in 1984.
Danone and Earth Island entered into an agreement under which Danone will acquire 100% of the shares of Earth Island.
February 19, 2021
Paris-based Danone and Earth Island, maker of the Follow Your Heart brand plant-based foods, said they entered into a share purchase agreement under which Danone will acquire 100% of the shares of Earth Island.
Both companies manufacture Hispanic frozen novelty products.
January 20, 2021
Wind Point Partners and portfolio company Tropicale Foods, an Ontario, Calif.-based manufacturer of authentic Hispanic-inspired frozen novelty products under the Helados Mexico brand, announced the acquisition of Paleteria La Michoacana (PLM), a portfolio company of Canum Capital Partners and Greyrock Capital Group.
The transaction includes all shares of Ultima Foods Inc. and the Iögo, Iögo Nanö and Olympic brands.
December 21, 2020
Lactalis Canada Inc., formerly Parmalat Canada Inc., a Toronto-based subsidiary of Lactalis Group, said it has reached a definitive agreement with Agropur Cooperative to acquire all shares of its Canadian yogurt business, Ultima Foods Inc.
The transaction is expected to close in the first half of 2021.
September 15, 2020
The Kraft Heinz Co., headquartered in Chicago and Pittsburgh, said it entered into a definitive agreement to sell its natural, grated, cultured and specialty cheese businesses to a U.S. affiliate of the French dairy giant Groupe Lactalis (Buffalo, N.Y.-based Lactalis American Group) for the purchase price of $3.2 billion.
Capitol Peak assumed majority ownership of the new company, and KKR became a lender and minority equity investor.
July 24, 2020
Borden Dairy said it and certain affiliates finalized the approximately $340 million sale of substantially all Borden assets to Capitol Peak Partners and KKR.
