The company says net proceeds are expected to range between $305 million and $310 million, and upon closing of the transaction, the proceeds would be used to reduce the company’s debt.
As part of an expanded partnership with Keurig Dr Pepper, Chobani will acquire its manufacturing facility and warehouse in Allentown, Pennsylvania, including its equipment and related infrastructure.
The company says the additions will help meet the growing need for natural color solutions as more major brands and retailers transition away from synthetic food dyes.
Walkers is a producer of premium pork products, with a heritage dating back to 1824. The business operates from four production facilities on a single site in Leicester, UK and employs approximately 1,150 team members.
The investment will help Anheuser-Busch meet growing consumer demand for Michelob ULTRA and Cutwater, two fast-growing brands, and expand local manufacturing skills training.
The acquisition will allow Revolution Foods to add innovative offerings to the more than 35 million meals served in school cafeterias, senior nutrition programs and on retail shelves each year.
RSS
