Bolthouse Farms Acquires Evolution Fresh from Starbucks

Butterfly Equity Acquires Bolthouse Farms from Campbell Soup Company for $510 million

June 17, 2019

Food & Beverage

Butterfly Equity, a Los Angeles-based private equity firm focused on the food sector, agreed to acquire Bolthouse Farms from Campbell Soup Company for $510 million in cash. Bolthouse Farms, founded in 1915 and headquartered in Bakersfield and Santa Monica, California, is a vertically integrated producer of fresh carrots, refrigerated premium beverages and refrigerated salad dressings with approximately 2,200 employees; Butterfly named Jeff Dunn as CEO following the transaction.

Sunny Sky Products Acquires Bevolution Group from Highlander Partners

November 6, 2023

Food & Beverage

Sunny Sky Products, a portfolio company of TJC, has completed the acquisition of LX/JT Holdings Inc and subsidiaries (doing business as Bevolution Group) from Highlander Partners. The transaction adds Bevolution’s clean-label smoothie bases, cocktail mixes and concentrates and its three U.S. manufacturing sites to Sunny Sky’s beverage platform, expanding product offerings and manufacturing capabilities for the foodservice and convenience-store channels.

Peterson Farms Acquires Fresh Innovations from Arable Capital Partners

December 13, 2022

Food & Beverage

Peterson Farms has acquired Fresh Innovations California from Arable Capital Partners and Alpine Pacific Capital. The transaction, which completes Arable’s investment in Fresh Innovations, will boost Peterson Farms’ fresh-cut processing and distribution capabilities for customers (notably K-12 schools) across the U.S.

Boveda Inc. Acquires FreshStor

November 1, 2023

Manufacturing

Boveda Inc. acquired FreshStor effective November 1, 2023, adding FreshStor’s CVault and EVault stainless-steel cannabis storage product lines to Boveda’s humidity-control portfolio. The acquisition expands Boveda’s product capabilities and strengthens its position in premium cannabis storage solutions for both consumers and professional customers.

Bolthouse Farms Acquires Carrot Operations of Rousseau Farming Company

March 25, 2020

Agriculture

Bolthouse Farms has entered into an agreement to acquire the carrot operations of Arizona-based Rousseau Farming Company. The deal expands Bolthouse's regional growing footprint into Arizona to better serve customers in the Southwest while Rousseau retains ownership of its other produce operations; terms were not disclosed.

Fermented Food Holdings Acquires wildbrine and Bubbies

March 8, 2022

Food & Beverage

Fermented Food Holdings (FFH), a newly formed Miami-based food & beverage holding company, has acquired fermented-food brands wildbrine (Santa Rosa, CA) and Bubbies (Ventura, CA). Taylor Farms is a strategic minority equity investor in FFH and will support supply-chain optimization; the deals expand FFH's portfolio as it builds a category-leading platform in fermented and functional foods.