The combined companies will operate 24 distribution centers supplying customers in 46 states and serve a customer base of over 3,000 stores. In a transaction valued at $375 million, Supervalu has completed its acquisition of Unified Grocers, Inc. In addition to the 100% cash transaction of $114 million, Supervalu has[Read More…]
Finance
Kellogg invests in plant-based, blender-free frozen smoothie cubes brand Bright Greens
Bright Greens offers frozen smoothie cubes in four flavors. Consumers do not need blenders for this. They simply add hot water to the frozen cubes and shake. US frozen smoothie start-up Bright Greens has raised $2 million in seed funding led by eighteen94 capital, the venture capital fund of the[Read More…]
Amazon to acquire Whole Foods Market
The $13.7 billion deal marks the push into grocery market by Amazon. Amazon, the world’s most powerful online retailer, will acquire Whole Foods Market Inc. for $13.7 billion, a deal which catapults the e-commerce giant into hundreds of physical stores and fulfills a long-held goal of selling more groceries. The[Read More…]
NeoLacta Lifesciences, an Indian Company to import breast milk to Australians for $300 a litre
The milk will be supplied to five breast banks in neonatal wards across Australia. NeoLacta Lifesciences was granted permission to start selling breast milk to Australians, last year. The milk will be given to the five breast milk banks in Western Australia, New South Wales, Victoria and Queensland for feeding[Read More…]
Sovos Brands acquires Rao’s Speciality Foods
Rao’s Specialty Foods is the second acquisition in less than six months for Sovos, which seeks to acquire and build value in one-of-a-kind food and beverage brands. Sovos Brands, a new food and beverage company formed by Advent International has agreed to acquire Rao’s Specialty Foods, Inc. The transaction is[Read More…]
Starpharma sells crop chemical business to Agrium for $26m
The acquisition is comprised of key patents, technical know-how, and a small number of staff based in Melbourne Australia based biotech firm Starpharma Holdings has recently sold its agro-chemicals unit to Agrium which deals with farm products. The transaction is valued at $26.4 million. Starpharma in a statement said, “It[Read More…]
Papa John’s Expands Its Presence In Chile And Spain
The Company has signed expansion agreements with Drake QSR AG (Drake), for the brand BETTER INGREDIENTS. BETTER PIZZA. Papa John’s International Inc., the world’s third largest pizza delivery company has announced to continue its global expansion with plans to open additional restaurants in Chile and Spain. The company has signed[Read More…]
Starbucks invests $50 million to expand Carson Valley distribution facility
The expansion will bring 100 new jobs to the location, bringing the distribution workforce to nearly 350. Starbucks operations in Carson Valley plans to expand over the next year with the addition of 700,000 square feet distribution portion to Carson valley roasting plant and distribution center in Minden. The expansion[Read More…]
NUS, NTU Increase Food Options For Students
According to sources, the number of food and beverage outlets at NUS has increased by close to 50 per cent over the last decade. It will have 66 stalls across all five canteens by the year end, five food courts, and 41 restaurants, cafes and kiosks. As more students stay[Read More…]
Indian Railways to start an optional food facility on 10 trains
IRCTC has collaborated with players such as Sagar Ratna, Saravana Bhavan, Bikanervala, Nirula’s, KFC, McDonald’s, Haldiram’s, Domino’s and Pizza Hut for its online e-catering facility. Indian Railways will make food order optional on all Rajdhani and Shatabdi trains which will reduce fares. A rail official reported to a news source[Read More…]
