Amazon acquisition of eero : E-commerce giant Amazon has agreed to acquire mesh WiFi system provider eero for an undisclosed price. Eero replaces the traditional router and blankets the whole home in fast, reliable WiFi by using the concept of mesh networking. Through this concept, an eero mesh wifi system eliminates coverage issues and dead […]
Unilever acquisition of graze : Consumer goods manufacturer Unilever has acquired UK healthy snack brand graze from global investment company The Carlyle Group for an undisclosed price, as per the latest food acquisition news. graze, which was launched in 2008, provides a variety of snacking nuts, trail mixes, seeds and snack bars without any artificial […]
New grocery distribution center in Florida : US supply chain company McLane has opened a new grocery distribution center in the Ocala International Commerce Center in Ocala in Florida, which will serve the quickly-growing customer base in the North Florida region. McLane Ocala is a 400,000 square foot facility, which houses 165,000 square feet of […]
California-based food delivery service provider DoorDash raised $400 million in Series F financing led jointly by Singaporean investment company Temasek and Dragoneer Investment Group. The latest funding round gives a valuation of $7.1 billion to the US food delivery service which is currently available to 80% of Americans with plans to cover every postal code […]
Food processing news : Campbell Soup Company has agreed to sell its refrigerated soup plant in Everett, Washington to an affiliate of Seattle-based private investment company Joshua Green Corporation (JGC) for an undisclosed price. The refrigerated soup plant, which spans 225,000sft is used by the Campbell Fresh division. It manufactures Bolthouse Farms’ portfolio of fresh […]
Lipari Foods acquisition of Troyer : Lipari Foods, a portfolio company of H.I.G. Capital, has wrapped up its acquisition of Ohio-based Troyer Cheese, Troyer Bros. Trucking and Amish Wedding Foods (collectively called Troyer). Established in 1959, Troyer is a specialty food distributor, manufacturer, and processor based in Millersburg in Ohio. The food company is mainly […]
Confectionery industry news : Mount Franklin Foods has broken ground on a new 220,000sft candy manufacturing facility in San Jeronimo in the Mexican state of Chihuahua. Headquartered in El Paso, Texas, Mount Franklin Foods is a manufacturer of branded, contract and private label confectionery, nuts, snacks and foodservice products. The new candy manufacturing facility in […]
IKEA Norfolk opening : Swedish home furnishings retailer IKEA is all set to open its 50th store in the US on 10 April at Norfolk in Virginia. The home furnishings retailer broke ground on what is its second store in Virginia in November 2017. The new IKEA store in Norfolk is located centrally within the […]
New Dollar Tree distribution center in Texas : Dollar Tree, a US chain of discount variety stores, revealed its plan to invest nearly $130 million to establish a new retail distribution center in Texas. The new Dollar Tree distribution center to come up in Rosenberg in Fort Bend County is expected to generate more than […]
ADM acquisition of Neovia : US food processing company Archer Daniels Midland (ADM) has wrapped up its previously announced €1.535 billion acquisition of French animal nutrition business Neovia, as per the latest food acquisition news. The deal, which was signed in July 2018, creates a leading global manufacturer of value-added animal nutrition solutions while providing […]