United Natural Foods (UNFI) Acquires Nor-Cal Produce

Fremman Capital Acquires Majority Stake in The Natural Fruit Company

July 1, 2021

Food & Beverage

Fremman Capital has closed the acquisition of a majority stake in The Natural Fruit Company (TNFC), a leading Spanish citrus processor and distributor, with GPF Capital remaining involved alongside existing shareholders. TNFC, which controls approximately 900 hectares of plantations and operates eight processing facilities (plus a logistics site in Perpignan, France), will pursue organic growth and an active M&A-driven consolidation strategy under Fremman's ownership; financial terms were not disclosed.

Califia Farms Acquires Uproot Inc.

July 24, 2024

Food & Beverage

Califia Farms has acquired Uproot Inc., a New York–based provider of plant-milk dispenser systems for foodservice. The acquisition brings Uproot's dispenser program (operating 150+ dispensers across colleges, K–12 and hospitals) and its founding team into Califia to expand the company's Away From Home plant-based beverage offerings and sustainable dispensing capabilities.

TruFood Manufacturing Acquires Simply Natural Foods

July 31, 2020

Food & Beverage

AOG, LLC d/b/a TruFood Manufacturing, backed by AUA Private Equity Partners, has acquired Simply Natural Foods, a contract manufacturer of nutrition bars and confectionery. Simply Natural Foods will operate as TruFood going forward; the company is headquartered in Commack, New York and has approximately 200 employees. Financial terms were not disclosed.

Universal Corporation Acquires FruitSmart

January 3, 2020

Food & Beverage

Universal Corporation (NYSE: UVV) has completed its acquisition of FruitSmart, an independent specialty fruit and vegetable ingredient processor headquartered in Washington's Yakima Valley. The purchase, funded with cash on hand and existing borrowing capacity, expands Universal's agri-products capabilities and serves as a foundational step toward building a broader agri-products services platform.

Sole Source Capital Acquires Worldwide Produce

October 25, 2019

Food & Beverage

Sole Source Capital LLC acquired a majority interest in Worldwide Produce, a leading distributor of fresh produce, dairy and specialty foods serving Southern California and Nevada. Sole Source plans to use Worldwide Produce as a platform for regional consolidation and to invest in the company’s technology and geographic expansion; transaction terms were not disclosed.

Swander Pace Capital (with Branch Brook partners) Acquires Mighty Spark Food Company

May 25, 2021

Food & Beverage

Swander Pace Capital, through its Branch Brook strategic partnership with United Natural Foods, Inc. (UNFI) and Jefferson Capital Partners, has acquired Mighty Spark Food Company, a Minneapolis-based better-for-you protein brand. Intrepid acted as exclusive financial advisor to Mighty Spark; the transaction brings new leadership and board appointments and aims to accelerate the brand’s retail distribution and growth.