Idilia Acquires Shaken Udder from LDC

Saputo Agrees to Sell UK Dairy Operations to Lactalis for ~£988 Million Enterprise Value

August 18, 2026

Food & Beverage

Saputo has agreed to sell its United Kingdom dairy operations to Lactalis in a deal valued at approximately £988 million. The divestiture includes five manufacturing facilities and established UK dairy brands such as Cathedral City, Wensleydale, Davidstow, Clover, and Country Life, and is expected to close by the end of Q1 2027 subject to regulatory approvals.

Odeko Acquires Dairy Distributing

November 6, 2025

Food & Beverage

Odeko has acquired Dairy Distributing, a specialty distributor headquartered in Bellingham, Washington, from Troia Foods. The transaction expands Odeko's Pacific Northwest distribution footprint and gives Dairy Distributing's customers access to Odeko's online ordering platform, broader product catalog and additional services such as equipment financing and insurance.

ShakeStir (Cocktail Courier) Acquires Thirstie

June 24, 2024

E-Commerce

ShakeStir LLC (dba Cocktail Courier) has acquired Thirstie, Inc., a New York–based e-commerce technology provider for alcohol brands. The deal combines Cocktail Courier's direct-to-consumer cocktail kit and fulfillment capabilities with Thirstie's branded e-commerce platform and data tools to enable new on-site experiences for liquor brands and accelerate growth.

Butterfly Equity Acquires Milk Specialties Global from American Securities

December 23, 2022

Food & Beverage

Butterfly, a Los Angeles-based private equity firm focused on the food sector, has entered into a definitive agreement to acquire Milk Specialties Global, a vertically integrated manufacturer of dairy-based human and animal nutrition ingredients, from affiliates of American Securities. The transaction, terms undisclosed, is expected to close in Q1 2023 and the Milk Specialties leadership team, led by CEO David Lenzmeier, will remain in place.

LDC Invests in Shaken Udder (minority growth investment)

February 28, 2022

Food & Beverage

LDC has made a minority growth investment in Shaken Udder, the UK’s leading premium milkshake brand, to support product development, brand marketing and expansion into convenience channels and overseas. Founders Jodie and Andrew Howie will remain in place, James Lambert OBE joins as Non-executive Chair, and LDC partners David Bains and Mark Howden will join the board.

Latina Boulevard Foods (The Anderson Group portfolio) Acquires Assets of Diversified Dairy Products

January 1, 2019

Food & Beverage

Latina Boulevard Foods, a portfolio company of The Anderson Group, acquired certain assets of Western New York-based Diversified Dairy Products and will integrate the business into Latina’s Cheektowaga storage and distribution operations. The deal expands Latina’s product offering in ice-cream-related products and ingredients and grows its customer base in Western New York.