American Beverage Corporation (Harvest Hill) Acquires Poppilu

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.

Iconic Brands Acquires TopPop LLC

August 23, 2021

Food & Beverage

Iconic Brands, Inc. (OTCQB: ICNB) has acquired TopPop LLC, a U.S.-based contract manufacturer of ready-to-freeze alcoholic ice pops and flexible pouch-packaged products. The acquisition expands Iconic's manufacturing capacity, licensing and packaging capabilities and gives the company a platform to launch adult alcohol ice pop products and serve large beverage customers.

Lolli & Pops Acquires Hammond's Candies

November 18, 2024

Food & Beverage

Lolli & Pops, a portfolio company of TerraMar Capital, has acquired Hammond's Candies, the century-old US confectioner. The deal — funded by a new revolving credit facility from PNC Bank, a term loan from Advantage Capital Management and additional investment from TerraMar — will allow Lolli & Pops to integrate Hammond's artisanal product lines across its stores and online platform to drive growth.

Polenghi Group Acquires Nielsen Citrus Products Company

May 13, 2025

Food & Beverage

The Polenghi Group has acquired Nielsen Citrus Products Company, a California-based producer of lemon juice, to strengthen its US presence and shorten supply chains for improved quality and sustainability. Italian development finance institution Simest supported the deal with an €8 million investment, acquiring a minority stake in Nielsen.

TowerBrook Capital Partners and Prelude Growth Partners Invest in Amylu Foods

August 13, 2025

Food & Beverage

TowerBrook Capital Partners, together with Prelude Growth Partners, has made a strategic investment in Amylu Foods, a Chicago-based manufacturer of all‑natural, value‑added chicken products. The capital will support Amylu's plans to scale manufacturing operations and expand distribution across U.S. retail and private‑label channels.