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The all-cash transaction is valued at approximately $40 million, subject to a working-capital adjustment, and includes relevant trademarks and licenses and the company’s manufacturing facility in Chicago.

With the addition of more than 90 family farms and a modern egg processing facility in Iowa, this combination will support Pete & Gerry’s growth, particularly across the Midwest and West.

With Melt&Marble contributing its proprietary fats, and Valio bringing its knowledge of formulation and food application, the companies will work on developing products that meet industry demand for functionality and taste.

The new institute serves as Lactalis’ North American culinary and sensory channel operations and aims to foster innovation, enhance customer and consumer experiences with the company’s dairy products, and test product quality.

This facility aims to support the next generation of food safety and nutritional quality research in meat science.

Founded in 1996, Power Crunch has seen growth driven by its portfolio of protein snacks, including wafer bars and high-protein crisps.

Goya has mobilized its resources to distribute meals and pantry staples — including rice, beans, canned goods and ready-to-eat meals — to local shelters and relief organizations.

To date, Hormel Foods has donated food products totaling more than 550,000 pounds, including ready-to-eat and shelf-stable products.

The Siete brand is the latest in a line of PepsiCo acquisitions that include PopCorners, Bare, Stacy's Pita Chips, and most recently, Sabra.

Azteca Bakeries’ product offering of pan dulce includes pastries, cookies, breads and muffins.