Mondelēz announced an agreement to acquire Clif Bar, a leading U.S. maker of energy bars with organic ingredients, for $2.9 billion with additional contingent earnout consideration.
Atlas Holdings has acquired Foster Farms, a family-owned provider of fresh, frozen, and prepared poultry products headquartered in Livingston, California. Terms of the transaction were not disclosed.
J&J adds to its portfolio of products by acquiring the cryogenically frozen beaded ice cream maker, which also includes SUPERPRETZEL, ICEE, Minute Maid frozen ices, Sour Patch Kids ice pops, and more.
According to a Capstone Partners report, “February 2022 Food & Agriculture Sector Update,” merger and acquisition (M&A) volume in the food and agriculture sector surged 17% year-over-year (YOY) in 2021 with 383 deals announced or completed, which marked the highest number of transactions in over four years.
Dot Foods, Inc., said to be North America’s largest food industry redistributor, has acquired Morsum, a food industry data and AI platform technology company.
Fermented Food Holdings (FFH), established in late 2021, has acquired fermented-food brands Wildbrine and Bubbies. The fermented-foods category is expanding rapidly, expected to reach 10% CAGR by 2025.