Hormel Foods to Sell Whole-Bird Turkey Business to Life-Science Innovations

Tilia Holdings Acquires NutriScience Innovations

May 4, 2021

Food & Beverage

Chicago-based private equity firm Tilia Holdings completed the acquisition of NutriScience Innovations, a Milford, Connecticut developer and supplier of branded nutritional and specialty ingredients. The sellers on the transaction included Akoya Capital, Lakeview Equity Partners and Greyrock Capital Group; NutriScience's CEO Alan Yengoyan will remain in his role to support the company's next phase of growth.

Lyons Magnus Acquires Hormel Health Labs, Forms Lyons Health Labs

October 23, 2024

Food & Beverage

Lyons Magnus LLC has acquired the operations and brands of Hormel Health Labs, LLC from Hormel Foods Corporation and launched a new division, Lyons Health Labs. The combined business — headquartered in Fresno, California — will market rebranded clinical nutrition and health products (including ReadyCare, THICK & EASY, Vital Cuisine, MED PASS 2.0, MightyShakes and Magic Cup) and expand Lyons Magnus' presence in medical nutrition and health-focused foodservice.

Turnspire Capital Partners Acquires LifeLine Foods and ICM Biofuels, Forming The LifeLine Group

November 12, 2025

Food & Beverage

Turnspire Capital Partners (with partner AgraMarke Quality Grains) acquired LifeLine Foods LLC and ICM Biofuels LLC and combined operations under The LifeLine Group. The combined platform will operate LifeLine Foods (food-grade corn ingredients) and LifeLine Biofuels (renewable fuels produced from starch streams) to capture operational synergies and expand capabilities across food, building products and biofuels markets.

Morinaga Nutritional Foods Acquires Turtle Island Foods (Tofurky & Moocho)

February 10, 2023

Food & Beverage

Morinaga Nutritional Foods, a U.S. subsidiary of Morinaga Milk Group, acquired Turtle Island Foods Holdings, Inc. — the owner of the Tofurky and Moocho brands — making Turtle Island a wholly owned subsidiary. The acquisition aims to expand Morinaga's plant-based foods (PBF) business in North America, strengthen the integrated supply chain and manufacturing capabilities, and grow the Tofurky and Moocho brands across retail and foodservice channels.

Halberg A/S Acquires Løgismose A/S from IK Partners

June 28, 2023

Food & Beverage

Halberg A/S, a fifth-generation family-owned group based in Svendborg, has agreed to acquire Danish high-end food brand Løgismose A/S from IK Partners' IK VII Fund; financial terms were not disclosed. Løgismose will remain an independent company headquartered in Broby with the current management team retained, and the transaction is expected to complete on 31 August 2023.

Merit Medical Systems Acquires Biolife Delaware

May 28, 2025

Medical Devices

Merit Medical Systems has acquired Biolife Delaware, a Sarasota, Florida-based maker of StatSeal and WoundSeal hemostatic devices, in a cash transaction valued at approximately $120 million (including assumed liabilities). The deal expands Merit's hemostasis and wound-care product portfolio and is expected to modestly impact 2025 non-GAAP profitability while enhancing Merit's ability to serve a broad set of percutaneous procedure end markets.