Tracked deals
1680
1680 tracked deals across 2008-2026.
Tracked deals
1680
1680 tracked deals across 2008-2026.
Buyer mix
Mixed buyer set
1173 strategic · 1013 pe
Top trend
Volume peaked in 2024
273 tracked deals announced in 2024.
Primary Insight
| Area | Deals reflected in page facts |
|---|---|
| Ingredients & flavor systems | Solina (butter), Tradebe (citrus oils/extracts), FlavorSum (beverage flavors) |
| Baking & frozen desserts | Europastry (breads), Rise Baking Company (cookies/baked goods), HF Companies (ice cream) |
| Retail & brand platforms | The Kroger Co. (Giant Eagle), The Zero Proof (The New Bar), Pizza Hut splits (LongRange Capital / Yum China) |
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Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| Wind Point Partners | 21 | Middle-market private equity firm focused on consumer pro... | PE |
| Entrepreneurial Equity Partners | 15 | Middle-market private equity firm focused on control-orie... | PE |
| FreshEdge | 13 | Super-regional distributor of fresh food solutions (produ... | Strategic (PE-backed) |
| AUA Private Equity Partners, LLC | 12 | Operationally-focused lower middle-market private equity ... | PE |
| MidOcean Partners | 12 | Middle-market private equity firm focused on consumer and... | PE |
| Benford Capital Partners | 11 | Chicago-based private equity firm focused on acquiring an... | PE |
| GrubMarket | 11 | AI-powered technology provider and operator of B2B food e... | Strategic |
| The Riverside Company | 10 | Global private equity firm focused on the smaller end of ... | PE |
| Tilia Holdings | 10 | Chicago-based private investment firm focused on the food... | PE |
| Butterfly Equity | 9 | Los Angeles-based private equity firm focused on the food... | PE |
Last 10 years
Supporting Data
GlacierPoint Enterprises acquired Arctica Frozen Solutions, a direct store delivery (DSD) distributor serving Central and South Florida. The deal gives GlacierPoint its first strategic presence in Florida and an anchor position to expand its frozen distribution footprint throughout the state.
Nestlé and Platinum Equity have agreed to create Peranel, a standalone water and premium beverages company valued at approximately $5.6 billion. The partnership will combine Nestlé’s beverage brands and product development capabilities with Platinum Equity’s operational and investment expertise, with Peranel operating independently and focusing exclusively on water and premium beverages.
HF Foods Group has entered into a definitive agreement to acquire Canadian frozen seafood importer and distributor Searay Foods (and related entities) for approximately CAD$47.9 million (about US$35 million). The acquisition is expected to close in the third quarter of 2026, subject to regulatory approvals and customary closing conditions.
The Vita Coco Company acquired Copra, a producer of premium Thai Nam Hom coconut water, for an upfront payment of $175 million plus potential earnout consideration of up to $100 million. The deal closed on July 22, 2026, with 80% of the initial consideration paid in cash and 20% issued in Vita Coco common stock.
Mark Foods has acquired Endeavor Seafood, a Newport, Rhode Island-based importer and marketer of frozen seafood products. The acquisition builds on Mark Foods’ 2021 equity investment in Endeavor and will be fully integrated into Mark Foods’ operations; financial terms were not disclosed.
Grupo Chilero, the parent company of La Fiesta and Chef Merito, announced that Tadin Herb and Tea Co. is joining the Grupo Chilero family. Tadin will continue operating from its SQF-certified facility in Vernon, California, as Grupo Chilero expands its direct-store-delivery (DSD) network nationwide.
Utz Brands entered into a definitive agreement to go private in a transaction valuing the snack manufacturer at approximately $2.9 billion. Intersnack Group will acquire all outstanding shares of Utz Class A common stock for $14.25 per share in cash, with the Rice and Lissette family entities rolling over a significant portion of their stake. The transaction is expected to close in the fourth quarter of 2026, subject to customary approvals.
Adecoagro S.A. has entered into an agreement with Raízen Group to acquire the Caarapó Mill in Mato Grosso do Sul, Brazil, including the mill’s owned sugarcane and sugarcane supply agreements. The transaction price is estimated at R$760 million (about US$148 million) and is expected to close before October 1, 2026, subject to CADE approval and other customary conditions.
Truelink Capital acquired Lyons Magnus, a manufacturer of specialty ingredients, beverage, and healthcare nutrition solutions, from Paine Schwartz Partners. The transaction closed on July 20, 2026, with financial terms not disclosed.
SuanNutra, a portfolio company of Carbyne Equity Partners, has signed an agreement to acquire a portfolio of specialty natural ingredients businesses from IFF. The acquired operations will be merged into SuanNutra to create an enlarged global science-backed ingredients group serving nutraceutical and food applications, with completion expected by the end of 2026 subject to regulatory approvals and customary closing conditions.
Solina has acquired Epicurean Butter, a Denver, Colorado developer and manufacturer of flavored compound butters and customized flavor solutions for food manufacturers, foodservice operators, and retailers across the United States. The deal is intended to strengthen Solina’s dairy innovation capabilities and expand its ability to develop flavor-forward applications across retail, foodservice, and food manufacturing.
Kroger Co. announced a definitive agreement to acquire family-owned grocery and pharmacy retailer Giant Eagle for $1.65 billion. The deal is expected to close in 2027, subject to regulatory clearance and customary closing conditions, with limited store divestitures anticipated as part of the process.
Tradebe acquired CitraSource, a producer of natural citrus oils and extracts, from IFF. The acquired business will be integrated into Tradebe Life Sciences’ Ingredients division to expand Tradebe’s capabilities and capacity in the U.S. citrus value chain following Tradebe’s prior acquisition of Florachem.
Awani Capital Management, LP announced a strategic partnership with the owners of Kalustyan, a specialty food ingredients supplier headquartered in Union, New Jersey. The investment is intended to fund expanded capacity, improved sourcing relationships, and operational upgrades to support Kalustyan’s next phase of growth. Financial terms were not disclosed.
Mowi entered into a share purchase agreement to divest its 9k GWT salmon farming operations in Canada East to Cooke Inc for CAD 225 million on a debt-free basis. The transaction is expected to close in the second half of 2026, subject to competition approval and confirmatory due diligence.
The Zero Proof, an adult non-alcoholic beverage platform, announced the acquisition of The New Bar, a West Coast non-alcoholic hospitality and cultural discovery platform. The combination brings The Zero Proof’s national e-commerce/owned brand portfolio and retail distribution together with The New Bar’s relationships across hospitality, live events, and culture.
Danone entered into two definitive agreements to expand its healthy nutrition presence across Asia-Pacific. It will acquire MADE Group (Australia) and also purchase the remaining 49% stake in its Australian fresh dairy joint venture with Saputo Dairy Australia, which supports functional yogurt brands such as YoPRO, Activia, and Ultimate.
Europastry has reached an agreement to acquire Highland Baking Company, a family-owned U.S. producer of premium breads for the foodservice channel. The deal is intended to strengthen Europastry’s North American presence and will be followed by a major U.S. investment plan to expand production capacity and broaden its product portfolio.
Rise Baking Company has entered into a definitive agreement to acquire Jimmy's Gourmet Bakery, a New Jersey-based manufacturer of premium cookies and baked goods. The acquisition is targeted to close in Q3 2026, subject to customary closing conditions.
Yum! Brands entered into definitive agreements to sell Pizza Hut in two parts: Pizza Hut Ex-China will be acquired by LongRange Capital for about $1.5 billion (with a potential $75 million earn-out), while Pizza Hut China will be acquired by Yum China Holdings for about $1.2 billion. The transactions are expected to close in the third quarter of 2026, subject to regulatory approvals and customary closing conditions. Yum! will receive expected net proceeds of about $2.3 billion after taxes and closing adjustments, and Yum! approved an additional $4 billion share repurchase authorization in parallel.
Nadia Zenato transferred part of her stake in Zenato Azienda Vitivinicola S.r.l. to her brother Alberto, who will become the majority shareholder of the family-owned winery. Nadia will complete the remaining steps of the transition while retaining a minority stake.
Hoffmann Family of Companies (HF Companies), a family-owned private equity firm, acquired Cedar Crest Ice Cream, a multi-generational frozen dessert business headquartered in Cedarburg, Wisconsin. As part of the deal, Renato DePaolis, CEO of Oberweis Dairy (an HF Companies portfolio company), will assume leadership of Cedar Crest, with both brands continuing to operate separately.
AeroFarms, a U.S. indoor vertical farming company and leading supplier of fresh microgreens, was acquired by an affiliate of Palm Ventures. The deal closed in April 2026; financial terms were not disclosed. Palm Ventures’ investment is intended to expand distribution and improve AeroFarms’ long-term growth and profitability by significantly reducing debt, with Gustavo Burger appointed CEO to lead the new management team.
FlavorSum, a North American flavor producer backed by Warburg Pincus, acquired Beverage Flavors International (BFI) to expand its beverage systems capabilities. The acquisition follows FlavorSum’s strategy to streamline flavor sourcing and provide more end-to-end resources for food and beverage customers, with BFI continuing operations at its Chicago facility after the close.
Ingredion announced a recommended all-cash acquisition of Tate & Lyle valued at approximately £3.7 billion (about $5 billion) to create a global specialty ingredients platform. Tate & Lyle shareholders will receive 595 pence per share (premium to the May 13, 2026 closing price) with an estimated closing in the second half of 2027, subject to shareholder approvals, UK court sanction, and regulatory clearances.
Vireo Growth Inc. acquired Bridgewell Agribusiness LLC, a provider of organic and non-GMO food and agricultural inputs and supply chain solutions. D.A. Davidson & Co. acted as Bridgewell’s exclusive financial advisor, citing Bridgewell’s sourcing, logistics, and customer relationships as key to accelerating growth under Vireo’s ownership.
Solina has acquired Twang Foodservice, a San Antonio-based developer and manufacturer of beverage flavor systems and dry beverage solutions serving quick service restaurants and other foodservice operators across North America. The deal is intended to expand Solina’s capabilities in fast-growing beverage innovation, with Twang Foodservice’s San Antonio operations continuing as a beverage development center. Twang’s branded packaged foods business will be separated into Twang Brands, which will remain independently owned and operated.
An affiliate of Peak Rock Capital completed the acquisition of J.R. Dalziel Limited (Dalziel), a Scottish manufacturer and distributor of savory flavors, seasonings, meat solutions, and related sundries for the food industry. The founding Dalziel, Darroch, and Dickens families and management continue as meaningful shareholders, and Peak Rock plans to support growth via geographic/customer expansion, product innovation, and add-on acquisitions.
IFF has entered into an agreement to sell its Food Ingredients business to funds advised by CVC Capital Partners for an enterprise value of approximately $4.3 billion (about 10x EBITDA). IFF will retain an approximately 10% minority equity stake and a board seat in the newly formed company, and expects to receive about $3.8 billion in net cash proceeds at closing.
Darigold, Inc. and Actus Nutrition announced a strategic partnership that includes Actus purchasing and operating Darigold’s milk protein plant in Jerome, Idaho. Under a long-term agreement, Darigold will continue producing and supplying high-value whey products from its Sunnyside, Washington facility, while Actus will continue to receive milk from Darigold’s member-owners.
Reyes Beverage Group (RBG) has closed its acquisition of Republic National Distributing Company’s (RNDC) operations in 11 markets: Arizona, Colorado, Florida, Hawaii, Louisiana, Maryland, Oklahoma, South Carolina, Texas, Virginia, and Washington, D.C. The acquired businesses will operate under RBG as RBG Spirits and Wine, adding approximately 5,200 employees, more than 135,000 new customers, and roughly 38 million annual cases.
Carmela Foods, a family-owned specialty food distributor serving the Midwest, announced it has acquired J. Prescott Company. The deal expands Carmela Foods into the Lexington and Louisville, Kentucky markets and will transfer J. Prescott’s day-to-day operations as founder John Prescott steps back.
The Perfect Purée of Napa Valley has announced its acquisition of Strongwater, a Colorado maker of bitters, mixers, and functional whole-plant beverages with global flavors. Strongwater will continue manufacturing in Colorado, and The Perfect Purée plans to leverage its foodservice and hospitality distribution network to grow Strongwater’s presence across U.S. bars, restaurants, hotels, and specialty retail.
Mann Lake Ltd. has acquired Apis Biologix, the developer of bee nutritional supplements known among beekeepers as “Canadian Rocket Fuel.” The deal brings Apis Biologix’s proprietary bee nutrition science in-house and is expected to accelerate research and development of next-generation feeding solutions for both hobbyist and commercial beekeepers.
Golden Pet Brands completed the acquisition of the Petsource pet food production facility in Seward, Nebraska, closing on May 8, 2026. The deal expands Golden Pet Brands’ freeze-dried manufacturing footprint and adds approximately 100 Petsource employees, with production continuing uninterrupted.
Wingreens World, the parent company of Wingreens Farms and Raw Pressery, has acquired Safe Harvest, a leading pesticide-free food brand in India. The deal is aimed at scaling the natural farming movement by combining Safe Harvest’s farmer network with Wingreens World’s distribution, resources, and platform infrastructure; financial terms were not disclosed.
Bel Group announced the acquisition of Ingenuity Foods’ Brainiac and Little Brainiac brands to expand its better-for-you snacking portfolio for children and families. The deal strengthens Bel’s functional fruit and snack positioning, adding Omega-3-enriched products aligned with brain health and development, and complements Bel’s existing GoGo squeeZ platform.
Colorado Premium acquired Old Hickory Smokehouse, a founder-owned Tennessee producer of smoked and cooked protein products. The deal expands Colorado Premium’s value-added protein platform beyond its sous vide cooking capabilities by adding naturally smoked proteins, along with additional investment in the Lewisburg production facility.
Veritas Vineyards & Winery, a Virginia winery and wine-tourism destination, has agreed to be acquired by Veritas Legacy Partners, LLC. Charlottesville entrepreneur Kurt Wassenaar and Eric Trebour of the Trebour Family (Central Virginia business and investment group) will serve as co-managers, with founders Patricia and Andrew Hodson retiring while Emily Hodson continues to lead the cellar and George Hodson remains CEO. The transaction is subject to conditions and approvals and is expected to close early this summer.
TriWest Capital Partners acquired Ocean Brands in partnership with the existing management team, with management continuing to lead the business. Ocean Brands is a Canadian manufacturer, marketer, and distributor of branded food products, including seafood and Italian-inspired products.
Turpaz Industries Ltd. (via its wholly-owned U.S. subsidiary Klabin-Turpaz, Inc.) acquired 100% of Phoenix Flavors & Fragrances Inc. for $95 million, plus up to $5 million in contingent consideration. The acquisition creates a full-scale U.S. operational platform by integrating Phoenix with Turpaz’s existing U.S. Klabin operations and is expected to drive synergies through consolidated production and cross-selling.
Prodalim, a global juice and specialty ingredients solutions company, announced it has acquired Better Juice, a food-tech company with natural sugar-reduction technology. Better Juice’s proprietary enzymatic process converts fruit sugars into non-digestible components (e.g., dietary fibers) to reduce calories while preserving flavor and nutritional integrity.
Falfurrias Management Partners acquired Young American Food Brands (formerly known as Miami Beef) in a deal announced in April/May 2026 with terms undisclosed. Young American is a family-founded packaged foods/protein platform with multiple brands and distribution across more than 3,200 retail doors in the Southeast, and it will expand further into premium protein offerings such as organic, grass-fed, and Wagyu beef.
US private equity firm Siguler Guff invested $40 million in Trimex Foods, the Indian exclusive franchise partner for brands including Chili’s, Paul, and Cinnabon. The strategic investment is intended to accelerate Trimex’s pan-India expansion and support the onboarding of additional global dining brands.
Sigma Foods, S.A.B. de C.V. acquired Roger Wood Foods, LLC, a U.S.-based smoked meat producer. The company said the bolt-on acquisition strengthens Sigma’s U.S. brand portfolio and establishes its first manufacturing presence in the U.S. Southeast; financial terms were not disclosed.
GreenFruit Avocados, a California-based avocado supplier focused on ripening, cold storage and distribution, was acquired by a partnership of industry veterans. The group—formed by Simpatica partners Scott Bauwens and Jamie Johnson, former Mission Produce executive Jim Donovan, and Spain-based investment company Tahuaycani—closed the transaction on April 24, 2026 and will expand GreenFruit’s integrated supply footprint across South America, California, Mexico and Europe.
SK Capital Partners’ affiliates completed the acquisition of Brothers International Food Holdings, taking a controlling stake in partnership with founder Travis Betters. Brothers is a global provider of natural fruit ingredients and products for the food and beverage industry, headquartered in Rochester, New York.
Chex Finer Foods, a family-led specialty and natural food distributor, announced it has acquired Gourmet International, a specialty and imported foods distributor based in Grand Rapids, Michigan. The deal strengthens Chex’s specialty import and exclusive European brand capabilities and creates a Midwest hub for future geographic expansion, while Gourmet International will continue operating independently under its existing leadership and name.
Arvos, the global table-olive company formed from producers across California, Spain, Greece, and Belgium, completed its acquisition of Père Olive, a specialist in chilled Mediterranean table olives, antipasti, and dips. The deal strengthens Arvos’ chilled Mediterranean capabilities, with Père Olive’s Andenne (Belgium) facility planned as a European hub for chilled product development and innovation.
Kingswood Capital Management has completed a strategic growth equity investment in Soulshine Farms, a poultry further-processing company that converts raw chicken into ready-to-cook products for foodservice and retail customers. The investment brings Kingswood operational resources and appoints Kingswood Operating Partner John Niemann as Executive Chairman to support capacity expansion and product line development.
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Find buyers actively acquiring food & beverage companies.
The page highlights activity across ingredients and flavor systems, dairy/nutrition, baking (including breads and cookies), frozen desserts, and brand-led retail/hospitality contexts (such as grocery and non-alcoholic beverage platforms).
No. While many transactions reference U.S. locations (e.g., Colorado, Ohio, Florida, Illinois, Georgia, Texas, New Jersey, Wisconsin), the page facts also include deals in Australia, Italy, and Canada.
Yes. Examples in the page facts include Tradebe acquiring CitraSource (natural citrus oils and extracts), Solina acquiring Epicurean Butter (flavored compound butters and customized flavor solutions), and FlavorSum acquiring Beverage Flavors International (beverage flavor systems).
Both are reflected in the page facts. Some deals describe integration into a division or platform (e.g., Tradebe integrating CitraSource into its Ingredients division), while others describe keeping the acquired business operating under its current brand and management (e.g., Europastry with Highland Baking Company, and HF Companies with Cedar Crest Ice Cream).