Keystone Natural Holdings Acquires J.P. Veggies (VeggieLand) and Superior Tofu

House Foods Holding USA Acquires Keystone Natural Holdings from Keystone Capital

September 20, 2022

Food & Beverage

House Foods Holding USA, the North American subsidiary of House Foods Group Inc., has acquired Keystone Natural Holdings (KNH) from private equity firm Keystone Capital. The acquisition expands House Foods' portfolio of value-added tofu and plant-based products and supports accelerated U.S. market expansion, adding KNH's Folcroft, Pennsylvania manufacturing capabilities to House Foods' North American footprint.

Keystone Natural Holdings Acquires WestSoy Tofu, Seitan and Tempeh Businesses

May 23, 2019

Food & Beverage

Keystone Natural Holdings (a portfolio company of Keystone Capital) has acquired the WestSoy tofu, seitan and tempeh businesses from The Hain Celestial Group. The deal excludes the WestSoy plant-based beverage business, which Hain Celestial retained; KNH said it will retain all employees at the WestSoy facility in Boulder, Colorado. Senior debt financing for the transaction was provided by Wintrust Bank; terms were not disclosed.

TPG and Northstar Acquire 80% of Japfa's Southeast Asia Dairy Business (Greenfields)

December 7, 2020

Food & Beverage

TPG and Northstar Group have agreed to acquire an 80% stake in Japfa Ltd's Southeast Asia branded dairy business (Greenfields) for US$236 million, with Japfa retaining a 20% interest. The strategic partnership gives the investors funding and senior management expertise to accelerate growth of the vertically integrated dairy business across Southeast Asia while Japfa focuses on its China dairy operations and other core businesses.

NVM Private Equity Acquires Vegetarian Express from Bridges Fund Management

February 27, 2024

Food & Beverage

NVM Private Equity has completed a £15 million investment to acquire Vegetarian Express, the Watford-based specialist plant-based ingredients supplier, from Bridges Fund Management. The capital will support Vegetarian Express's expansion into Ireland, strengthen its digital capabilities and operational capacity, and help scale its customer base across the UK.

Mars, Incorporated Acquires Kevin's Natural Foods

July 5, 2023

Food & Beverage

Mars, Incorporated has signed an agreement to acquire Kevin's Natural Foods, a Modesto-based maker of chef-inspired sous-vide nutritious meals. Kevin's will operate as a standalone business within Mars Food & Nutrition; the deal includes the exit of minority investors TowerBrook Capital Partners and NewRoad Capital Partners and is expected to accelerate Kevin's product innovation and distribution reach.

Kensing (One Rock Portfolio) Acquires Vitae Naturals

June 28, 2022

Manufacturing

Kensing, a One Rock Capital Partners portfolio company, has acquired Vitae Naturals, a Spanish manufacturer of plant sterol esters and non-GMO natural vitamin E derivatives. The acquisition expands Kensing's European footprint and strengthens its food, nutrition and personal care ingredient offerings.