J&J Snack Foods Acquires Dippin' Dots for $222M

The Hershey Company Acquires Dot's Pretzels and Pretzels Inc.

November 10, 2021

Food & Beverage

The Hershey Company entered into definitive agreements to acquire Dot's Pretzels LLC and Pretzels Inc., expanding its salty-snacking portfolio and pretzel manufacturing capabilities. The combined transaction is valued at approximately $1.2 billion (about $1.0 billion net of expected tax benefits) and is expected to close by the end of 2021, subject to customary regulatory approvals.

J&J Snack Foods Acquires Thinsters

April 9, 2024

Food & Beverage

J&J Snack Foods Corp. has acquired Thinsters, a Montclair, New Jersey-based cookie brand known for thin, crunchy cookies made with simple ingredients. The acquisition expands J&J Snack Foods' portfolio of cookies and baked goods and aims to leverage J&J's sales, marketing and distribution capabilities to grow the Thinsters brand.

Take-Two Interactive Acquires Playdots

August 18, 2020

Software

Take-Two Interactive has entered into a definitive agreement to acquire mobile games developer Playdots for $192 million, comprised of $90 million in cash and the remainder in newly issued Take-Two common stock. Playdots, a New York City–based studio known for Two Dots and other casual free-to-play titles, will remain led by CEO Nir Efrat and its ~70 employees following the closing, expected in Q3 2020.

The J.M. Smucker Co. Acquires Hostess Brands

September 11, 2023

Food & Beverage

The J.M. Smucker Co. agreed to acquire Hostess Brands for approximately $5.6 billion including debt ( $34.25 per share in a cash-and-stock transaction), expanding Smucker's portfolio into sweet baked goods and convenience-store channels. The deal, completed Nov. 7, 2023, brings Hostess's iconic brands (Twinkies, HoHos, DingDongs, Voortman, etc.), manufacturing sites across North America and roughly 3,000 employees into Smucker's business.

PepsiCo Acquires poppi

May 19, 2025

Food & Beverage

PepsiCo has completed the acquisition of poppi, an Austin-based prebiotic soda brand, for $1.95 billion (including $300 million of anticipated cash tax benefits for a net purchase price of $1.65 billion), with a performance-based earnout. The deal is intended to accelerate PepsiCo's portfolio transformation into functional and better-for-you beverages and to scale poppi's rapid consumer growth and digital engagement.

Barcel USA (Grupo Bimbo) Acquires Popcornopolis from NexPhase Capital

October 29, 2021

Food & Beverage

Barcel USA, the U.S. snack division of Grupo Bimbo, has acquired Popcornopolis LLC from private equity firm NexPhase Capital. Terms were not disclosed; Popcornopolis — a gourmet, ready-to-eat popcorn manufacturer and DTC brand — will join Barcel USA's snack portfolio following NexPhase's 2019 investment and recent retail and e-commerce growth.