Articles Tagged with ''acquisition''

Mama’s Creations will acquire Crown for $17.5 million in cash, subject to customary adjustments.

The transaction includes three production facilities – located in Carrington, N.D.; New Hope, Minn.; and Winchester, Va. – as well as the Ronzoni retail brand.

A common goal unites the three organizations: to transform the global food system through science-driven innovation that supports both human health and environmental sustainability.

After the acquisition closes, KDP plans to separate into two independent, U.S.-listed publicly traded companies, creating a refreshment beverage company and a global coffee company.

The acquisition combines Foodynamics’ experience with Glacial Freeze Dry’s capacity and resources, delivering more adaptable, partner-centric contract manufacturing services for the freeze-dry market.

For the past two years, ANF has been in the process of transitioning certain production of Loma Linda’s products into Century Pacific’s operations, transferring equipment and dedicating resources.

The acquisition is subject to standard regulatory approvals and is expected to close in the fourth quarter of this year.

The 186,000-sq.-ft. facility will be transformed to produce fully cooked bacon and sausage products.

The business has agricultural operations and three processing plants across the United States and employs more than 3,000 people.

The potential acquisition comes as part of the company's strategic growth plan to further invest in specialty ingredient capabilities and diversify its portfolio of solutions.