Bolthouse Farms Acquires Carrot Operations of Rousseau Farming Company

Butterfly Equity Acquires Bolthouse Farms from Campbell Soup Company for $510 million

June 17, 2019

Food & Beverage

Butterfly Equity, a Los Angeles-based private equity firm focused on the food sector, agreed to acquire Bolthouse Farms from Campbell Soup Company for $510 million in cash. Bolthouse Farms, founded in 1915 and headquartered in Bakersfield and Santa Monica, California, is a vertically integrated producer of fresh carrots, refrigerated premium beverages and refrigerated salad dressings with approximately 2,200 employees; Butterfly named Jeff Dunn as CEO following the transaction.

Bolthouse Farms Acquires Evolution Fresh from Starbucks

August 1, 2022

Food & Beverage

Bolthouse Farms, a portfolio company of Butterfly Equity, has acquired the Evolution Fresh brand, business, and supporting employees from Starbucks. The acquisition expands Bolthouse Farms' premium refrigerated beverage portfolio and will allow Evolution Fresh to accelerate growth while Starbucks focuses on its core business.

Village Farms International Acquires 70% Stake in ROSE LifeScience

November 15, 2021

Agriculture

Village Farms International acquired a 70% interest in Québec-based ROSE LifeScience for total consideration of up to C$46.7 million (C$19.9 million cash and C$26.8 million in Village Farms shares). ROSE — a vertically integrated cannabis cultivator, branded product supplier and third-party commercialization/distribution partner operating a Health Canada‑licensed 55,000 sq ft CEA facility in Huntingdon, Québec — becomes Village Farms’ Québec operational unit, with ROSE management retaining a 30% interest and remaining in their roles.

Costa Farms Acquires Battlefield Farms

January 18, 2024

Agriculture

Costa Farms, the Miami-based wholesale grower, acquired Battlefield Farms, a 40-year-old grower of annuals and perennials in Rapidan, Virginia, expanding Costa's production footprint and assortment. The deal brings Battlefield's 45 acres of greenhouse and 20 acres of outdoor production into Costa's network, strengthening its supply to national retailers and regional customers.

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.

Rastelli Foods Group Acquires Greensbury Market

April 20, 2023

Food & Beverage

Rastelli Foods Group has acquired New York–based Greensbury Market, a direct-to-consumer retailer of organic, grass‑fed beef, bison, poultry, pork and sustainable seafood. Greensbury’s premium product portfolio will be sold exclusively through Rastelli’s DTC site Rastellis.com, expanding Rastelli’s online offerings and convenience for consumers nationwide.