Nestlé USA announced Wednesday it will sell the 37-year-old Juicy Juice brand to private equity fund Brynwood Partners VII L.P. under its newly formed portfolio company, Harvest Hill Beverage Company.
The Hormel Foods Corporation is breaking into the beverage market, announcing Tuesday its intentions to acquire Muscle Milk product manufacturer CytoSport Holdings, Inc. for $450 million.
After the June announcement that Tyson Foods will acquire Hillshire Brands, New Jersey-based Pinnacle Foods said Tuesday it is exercising its right to terminate the agreement it made to merge with Hillshire.
Snacking company Snyder’s Lance, Inc. announced Monday the company completed acquisition of Baptista’s Bakery Inc., the manufacturer of Snack Factory Pretzel Crisps.
Poultry producer Pilgrim’s Pride confirmed Tuesday it countered the offer by Tyson Foods Inc. in the fight over the acquisition of Hillshire brands, increasing its original proposal by $1.3 billion.
Poultry producer Pilgrim’s Pride is offering to purchase Hillshire Brands in an all-cash transaction valued at $6.4 billion on the condition that the brand forfeits its plans to acquire Pinnacle Foods.