Mars, Incorporated Acquires Kevin's Natural Foods

Danone Buys Majority Stake in Kate Farms

July 1, 2025

Healthcare Services

Danone has entered into a definitive agreement to acquire a majority stake in Kate Farms, a U.S. plant-based clinical nutrition company. After closing, Kate Farms CEO Brett Matthews will become Chairman and CEO of Danone’s North America Medical Nutrition business, while Kate Farms senior management retains a minority stake.

FoodScience Acquires Natural Dog Company

April 25, 2025

Consumer Products

FoodScience, LLC has acquired Natural Dog Company, a North Carolina–based maker of dog care products and supplements. The deal—terms not disclosed—is FoodScience's first acquisition since becoming a portfolio company of Morgan Stanley Capital Partners and expands FoodScience's presence in pet wellness and supplements.

House Foods Holding USA Acquires Keystone Natural Holdings from Keystone Capital

September 20, 2022

Food & Beverage

House Foods Holding USA, the North American subsidiary of House Foods Group Inc., has acquired Keystone Natural Holdings (KNH) from private equity firm Keystone Capital. The acquisition expands House Foods' portfolio of value-added tofu and plant-based products and supports accelerated U.S. market expansion, adding KNH's Folcroft, Pennsylvania manufacturing capabilities to House Foods' North American footprint.

Nexus Capital Acquires Smucker's Natural Beverage and Grains Businesses (R.W. Knudsen, TruRoots)

January 31, 2022

Food & Beverage

The J.M. Smucker Co. completed the sale of its natural and organic beverage and grains businesses — including the R.W. Knudsen and TruRoots assets and trademarks plus a licensing agreement for Santa Cruz Organic beverages — to Nexus Capital Management LP for $110 million in cash (subject to working capital adjustments). The transaction includes manufacturing and distribution facilities in Chico, California and Havre de Grace, Maryland, and Nexus plans to operate the acquired brands as an independent consumer platform led by Bobby Chacko as chairman and CEO.

TowerBrook and NewRoad Capital Partners Invest in Kevin's Natural Foods

September 3, 2021

Food & Beverage

Kevin's Natural Foods received a minority equity investment from TowerBrook Capital Partners and NewRoad Capital Partners to fund production expansion, product innovation, and broader distribution. Financial terms were not disclosed; the company plans to use the capital to increase capacity and introduce the brand to millions of new customers.

Mars, Incorporated Acquires KIND North America

November 17, 2020

Food & Beverage

Mars, Incorporated announced the acquisition of KIND North America, bringing the business into the Mars Family of Companies and combining it with KIND International. Founder Daniel Lubetzky will retain an ongoing financial stake and the deal is intended to accelerate KIND's expansion across geographies and product categories as part of Mars' healthy snacking platform.