Recent Food & Beverage Acquisitions
Acquisition Volume in Food & Beverage by Year
Last 5 years
Food & Beverage deal activity spans strategic acquirers and private equity investing in manufacturing scale, branded CPG, and specialist services. Recent transactions include take-privates, platform add-ons and cross-border brand buys that strengthen production, distribution, and testing capabilities.
Buyers such as Investindustrial (TreeHouse Foods), strategic operators like Reddy Ice, LLC, and service specialists like SGS and Registrar Corp are buying capacity and compliance expertise. Other deals—examples include Nasta Pet Food acquiring FirstMate Pet Foods and ETi Gıda buying TRUBAR—illustrate interest in pet food, plant-based snacks and social-first consumer brands, often with manufacturing or route-to-market expansion in North America and Europe.
What Stands Out
- Private equity and strategic platform deals: take-privates and growth investments are visible (for example, Investindustrial taking TreeHouse Foods private) and recurring buyers include firms such as AUA Private Equity Partners, LLC, Graham Partners, and Bain Capital Private Equity.
- Manufacturing, capacity and distribution are common targets: transactions expand production footprint or add private-label and contract manufacturing capabilities (e.g., Western Smokehouse Partners, Furlani Foods, Tastee Apple).
- Testing, compliance and ingredient/CDMO capabilities are being consolidated—acquisitions like SGS/Murray-Brown and Registrar Corp/TechniCAL expand food, pet food, nutraceutical and thermal-process testing services.
- Geographic focus is largely North America (U.S. and Canada) with notable cross-border moves into the U.K. and European buyers expanding into North America (examples include Buyers Edge Platform in the U.K. and ETi Gıda acquiring a U.S. brand).
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March 19, 2026
- Buyer
- Sazerac
- Target
- Dirty Shirley
- Seller
- Adam Kost (Founder of Dirty Shirley)
- Industry
- Food & Beverage
- Location
- United States
- Type
- Buyout
Sazerac announced its acquisition of Dirty Shirley, a ready-to-drink (RTD) cocktail brand known for its vodka-spiked twist on the classic Shirley Temple. The company said it plans to leverage its scale and spirits expertise to further grow Dirty Shirley within the broader RTD category.
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March 18, 2026
- Buyer
- Ferrero Group
- Target
- Bold Snacks
- Seller
- Bold Snacks Founder and CEO Gabriel Ferreira (quoted)
- Industry
- Food & Beverage
- Location
- Minas Gerais, Brazil
- Type
- Buyout
Ferrero Group has signed an agreement to acquire Bold Snacks, a Brazilian premium protein snack company. The transaction will bring Bold Snacks into Ferrero’s growing portfolio of better-for-you brands, with Ferrero taking over Bold Snacks’ office and factory in Divinópolis, Minas Gerais, where about 300 employees are expected to join Ferrero Brazil.
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- Buyer
- Royal Cup Coffee and Tea, Braemont Capital
- Target
- Farmer Brothers Coffee Co.
- Industry
- Food & Beverage
- Location
- Texas, United States
- Type
- Buyout
Royal Cup Coffee and Tea entered into a definitive, all-cash agreement to acquire publicly traded Farmer Brothers Coffee Co. for $1.29 per share, valuing the deal at about $28 million. The transaction is expected to close in the second quarter of 2026, subject to shareholder approval and other customary closing conditions.
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March 12, 2026
- Buyer
- Prodalim
- Target
- Sylvestre Natural Ingredients
- Industry
- Food & Beverage
- Location
- Brazil
- Type
- Buyout
Prodalim, a global juice and specialty ingredients solutions provider, announced its acquisition of Sylvestre, a Brazilian producer of botanicals and functional extracts for the nutraceutical market. The deal is intended to deepen Prodalim’s functional beverage and natural ingredient capabilities, accelerate expansion in the U.S. functional ingredients market, and broaden presence in emerging markets.
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March 10, 2026
- Buyer
- Puratos
- Target
- Dawn Foods
- Industry
- Food & Beverage
- Location
- Michigan, United States
- Type
- Buyout
Puratos and Dawn Foods have entered into a definitive agreement under which Puratos intends to acquire Dawn Foods, subject to customary regulatory approvals. The deal is expected to be completed by the end of 2026 and will combine complementary innovation capabilities and production/distribution footprints serving the professional bakery world.
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March 9, 2026
- Buyer
- Morinaga & Co., Ltd., Morinaga America
- Target
- My/Mochi Ice Cream
- Industry
- Food & Beverage
- Location
- California, United States
- Type
- Buyout
Morinaga & Co., the parent of Morinaga America, has entered into a definitive agreement to acquire My/Mochi Ice Cream, the largest mochi ice cream brand in the United States. The deal is intended to strengthen Morinaga’s position in the frozen snack category and expand its U.S. consumer footprint.
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- Buyer
- Tilray Brands
- Target
- BrewDog
- Seller
- BrewDog (select assets; seller not explicitly named)
- Industry
- Food & Beverage
- Location
- United Kingdom
- Type
- Divestiture
Tilray Brands completed a £33 million acquisition of select BrewDog assets to expand its global craft beverage platform. The deal includes BrewDog’s global brand and IP, UK brewing operations, and a portfolio of 11 brewpubs across the United Kingdom and Ireland.
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March 5, 2026
- Buyer
- Bunge
- Target
- International Flavors & Fragrances (IFF) soy protein concentrate, lecithin, and soy crush businesses, IFF Response, IFF Alpha, IFF Procon, IFF Solec
- Seller
- International Flavors & Fragrances (IFF)
- Industry
- Food & Beverage
- Location
- Missouri, United States
- Type
- Buyout
Bunge has completed its acquisition of the soy protein concentrate, lecithin, and soy crush businesses from International Flavors & Fragrances (IFF). The deal expands Bunge’s ingredients portfolio with branded soy protein concentrates and lecithins, supporting broader, more resilient ingredient solutions for food and beverage manufacturers.
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- Buyer
- Cal-Maine Foods
- Target
- Creighton Brothers, Crystal Lake
- Industry
- Food & Beverage
- Location
- Mississippi, United States
- Type
- Buyout
Cal-Maine Foods announced it will acquire the shell egg, egg products, and prepared foods assets of Creighton Brothers, including Crystal Lake, for approximately $128.5 million in cash (about $129 million). The deal expands Cal-Maine’s integrated shell egg production platform and adds geographic footprint in Indiana, while strengthening internal sourcing for its prepared foods operations.
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February 18, 2026
- Buyer
- Nasta Pet Food
- Target
- FirstMate Pet Foods
- Seller
- Taplow Ventures Ltd
- Industry
- Food & Beverage
- Location
- British Columbia, Canada
- Type
- Buyout
French family-owned Nasta Pet Food has acquired Canadian premium pet food manufacturer FirstMate Pet Foods (and its parent Taplow Ventures Ltd), strengthening Nasta’s commercial and manufacturing platform in North America. The deal is supported by a EUR 120 million senior unitranche facility from H.I.G. WhiteHorse; the combined group will have more than 250 employees, expanded production capacity and expects roughly EUR 200 million in consolidated revenue in 2026.
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February 18, 2026
- Buyer
- Reddy Ice, LLC, SCI Capital Partners LP
- Target
- Arctic Glacier, LLC
- Seller
- The Carlyle Group
- Industry
- Food & Beverage
- Location
- United States
- Type
- Addon
Reddy Ice, a SCI Capital Partners portfolio company, announced the successful closing of its acquisition of Arctic Glacier, LLC, a North American packaged ice products and services provider, from Carlyle. Terms were not disclosed, and the deal included DOJ antitrust-motivated divestitures of certain Reddy Ice facilities and associated customer contracts.
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- Buyer
- Life-Science Innovations (LSI)
- Target
- Hormel Foods whole-bird turkey business
- Seller
- Hormel Foods Corporation
- Industry
- Food & Beverage
- Location
- Minnesota, United States
- Type
- Divestiture
Hormel Foods has entered into a definitive agreement to sell its whole-bird turkey business to Life-Science Innovations (LSI). The transaction includes assets such as the Melrose, Minnesota whole-bird production facility and the Swanville, Minnesota feed mill, and is expected to close by the end of the second quarter of fiscal 2026, subject to customary conditions.
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February 13, 2026
- Buyer
- Investindustrial, Industrial F&B Investments III, Inc.
- Target
- TreeHouse Foods, Inc.
- Seller
- TreeHouse Foods shareholders of record as of the closing date
- Industry
- Food & Beverage
- Location
- Illinois, United States
- Type
- Buyout
Investindustrial completed its previously announced, all-cash take-private acquisition of TreeHouse Foods in a deal valued at $2.9 billion enterprise value, plus the value of contingent value rights tied to ongoing litigation. TreeHouse Foods shareholders of record at closing will receive $22.50 per share in cash and one non-transferable contingent value right per share, and TreeHouse Foods will no longer trade on the New York Stock Exchange.
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February 12, 2026
- Buyer
- SGS
- Target
- Murray-Brown Laboratories
- Industry
- Food & Beverage
- Location
- Colorado, United States
- Type
- Buyout
Swiss testing, inspection and certification provider SGS has acquired Murray-Brown Laboratories, a Denver-based food, pet food and nutraceutical testing laboratory. The deal expands SGS's microbial and analytical chemistry testing capabilities in North America and strengthens its footprint for nutraceutical testing, including kratom, kava and hemp analysis.
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February 12, 2026
- Buyer
- The Riverside Company
- Target
- Western Botanicals
- Industry
- Food & Beverage
- Location
- Utah, United States
- Type
- Growth capital
The Riverside Company has made a growth investment in Western Botanicals, a Spanish Fork, Utah-based contract development and manufacturing organization (CDMO) of vitamins, minerals and supplements. Riverside will partner with management — which retains a meaningful ownership stake — to support organic growth, expand product and format capabilities, and pursue an M&A strategy to broaden Western Botanicals' capabilities.
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- Buyer
- Eshbal Functional Food Inc.
- Target
- Dare to Be Different Foods (D2BD)
- Industry
- Food & Beverage
- Location
- New York, United States
- Type
- Buyout
Eshbal Functional Food has finalized its acquisition of a 55% majority stake in New York City-based Dare to Be Different Foods (D2BD), along with certain operating assets. The deal is intended to expand Eshbal’s North American footprint in the gluten-free and better-for-you frozen foods market.
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February 9, 2026
- Buyer
- Tastee Apple Inc.
- Target
- Art of Sucre LLC
- Industry
- Food & Beverage
- Location
- Ohio, United States
- Type
- Buyout
Tastee Apple Inc., a long-standing Ohio-based confectionery manufacturer, acquired viral cotton-candy brand Art of Sucre LLC. The deal will combine Tastee Apple’s manufacturing and national distribution capabilities with Art of Sucre’s social-first brand and product innovation; founder Emily Harpel will remain as Chief Brand Officer to drive continued product and brand development.
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February 9, 2026
- Buyer
- Arbor Investments
- Target
- Furlani Foods
- Seller
- Entrepreneurial Equity Partners (e2p)
- Industry
- Food & Beverage
- Location
- Ontario, Canada
- Type
- Buyout
Arbor Investments has acquired Furlani Foods, a Canadian-headquartered manufacturer of frozen and ambient garlic bread products, from Entrepreneurial Equity Partners (e2p). Financial terms were not disclosed, and Furlani CEO Jonathan Kawaja and the senior leadership team will continue in their roles.
-
February 6, 2026
- Buyer
- ETi Gıda Sanayi ve Ticaret A.Ş., 1564128 B.C. Unlimited Liability Company (the Purchaser, affiliate of ETİ Gıda)
- Target
- TRUBAR, Trubar Inc.
- Industry
- Food & Beverage
- Location
- Ontario, Canada
- Type
- Buyout
TRUBAR, a plant-based protein bar brand, completed its acquisition by ETİ Gıda, with ETİ Gıda acquiring 100% of TRUBAR for $173 million in cash (no earn-out). The deal is intended to scale TRUBAR further across North America while accelerating international expansion, with TRUBAR’s founder, leadership team, and employees remaining in place.
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February 5, 2026
- Buyer
- Buyers Edge Platform
- Target
- NCB Foodservice
- Industry
- Food & Beverage
- Location
- United Kingdom
- Type
- Buyout
Buyers Edge Platform has acquired NCB Foodservice, a UK-based specialist in fresh produce and other fresh categories serving foodservice and hospitality operators nationwide. The deal advances Buyers Edge Platform's European expansion and aims to combine NCB's local sourcing and service capabilities with Buyers Edge's technology, purchasing scale, and platform services to strengthen supply chain resilience and value for UK operators.
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February 5, 2026
- Buyer
- 4x4 Capital
- Target
- Bob Evans Restaurants
- Seller
- Golden Gate Capital
- Industry
- Food & Beverage
- Location
- United States
- Type
- Buyout
4x4 Capital has acquired Bob Evans Restaurants from Golden Gate Capital to support the brand’s long-term growth. CEO Mickey Mills and the current management team are expected to remain in place, with 4x4 focusing on enhancing operations, guest experience, and brand value.
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February 5, 2026
- Buyer
- Western Smokehouse Partners
- Target
- Junior's Smokehouse
- Industry
- Food & Beverage
- Location
- Texas, United States
- Type
- Buyout
Western Smokehouse Partners, a producer of premium better-for-you meat snacks, acquired Junior's Smokehouse, a Texas-based handcrafted jerky and meat products manufacturer. The deal expands Western’s national footprint and adds manufacturing capacity and product capabilities, with plans to build a second facility near Junior's in El Campo, Texas.
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February 4, 2026
- Buyer
- Registrar Corp, Paine Schwartz Partners
- Target
- TechniCAL
- Industry
- Food & Beverage
- Location
- Louisiana, United States
- Type
- Addon
Registrar Corp, a Paine Schwartz Partners portfolio company, has acquired TechniCAL, a leading independent Process Authority for low-acid and acidified foods. The deal brings TechniCAL's thermal process testing, data-collection technologies, and regulatory expertise into Registrar Corp to expand its food safety and compliance capabilities globally.
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February 4, 2026
- Buyer
- Westcap Mgt. Ltd., Westcap MBO III Investment LP
- Target
- Fit Foods LP
- Seller
- Jim McMahon
- Industry
- Food & Beverage
- Location
- British Columbia, Canada
- Type
- Growth capital
Westcap Mgt. Ltd. has completed an investment in Fit Foods LP through Westcap MBO III Investment LP. Fit Foods is a Canadian-based manufacturer and distributor of sports nutrition and healthy-living supplements sold globally through a large distribution network.
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February 3, 2026
- Buyer
- The Marzetti Company
- Target
- Bachan's, Inc.
- Industry
- Food & Beverage
- Location
- California, United States
- Type
- Buyout
The Marzetti Company has entered into a definitive agreement to acquire Bachan's, Inc., a Japanese-American barbecue sauce brand, in a deal valued at $400 million (subject to customary adjustments). The transaction is expected to close before June 30, 2026, pending regulatory approval and other customary closing conditions, and Marzetti plans to fund it with cash on hand and additional financing.
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- Buyer
- Parlay 6 Brewing Company
- Target
- Lead Dog Brewing Company
- Industry
- Food & Beverage
- Location
- Nevada, United States
- Type
- Addon
Parlay 6 Brewing Company has acquired a majority stake in Lead Dog Brewing Company in a deal structured as a long-term partnership for collaboration and growth in northern Nevada’s craft beer community. Parlay 6 will manage Lead Dog’s day-to-day operations while the original Lead Dog ownership team retains equity and continues to guide the brand’s long-term vision.
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- Buyer
- The Wasserstrom Company
- Target
- Breckenridge Kitchen Equipment & Design
- Industry
- Food & Beverage
- Location
- Ohio, United States
- Type
- Buyout
The Wasserstrom Company has acquired Breckenridge Kitchen Equipment & Design, a foodservice equipment and kitchen-design firm headquartered in Huron, Ohio. The acquisition expands Wasserstrom's equipment project management and kitchen-design capabilities and extends its reach into Breckenridge's hospitality, healthcare, education and restaurant customer base.
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January 29, 2026
- Buyer
- City Flavor
- Target
- Kyoo.tech
- Industry
- Food & Beverage
- Location
- Rhode Island, United States
- Type
- Buyout
City Flavor announced it has acquired Kyoo.tech, a multi-merchant ordering platform built for high-volume workplace food environments. The acquired platform is now branded as Order With Flavor and is designed to deliver a consumer-grade on-site ordering experience for corporate, college, and manufacturing campuses nationwide.
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January 29, 2026
- Buyer
- Odeko
- Target
- District Distribution
- Industry
- Food & Beverage
- Location
- Maryland, United States
- Type
- Buyout
Odeko has acquired District Distribution, a specialty food and beverage distributor serving the Washington, D.C. metropolitan area, broadening Odeko's Mid‑Atlantic presence and local product assortment. Alongside the acquisition, Odeko entered a partnership with Union Kitchen to source and scale emerging local food and beverage brands across Odeko's national network.
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- Buyer
- Violet Foods LLC, Amphora Equity Partners
- Target
- Muir Glen
- Seller
- General Mills
- Industry
- Food & Beverage
- Location
- United States
- Type
- Addon
Violet Foods LLC, a portfolio company of Amphora Equity Partners, has acquired the Muir Glen brand of organic tomato products from General Mills. The acquisition, terms undisclosed, is an add-on that expands Violet Foods' tomato and sauce portfolio while allowing General Mills to divest a non-core brand and focus on faster-growing categories.
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January 27, 2026
- Buyer
- Buyers Edge Platform
- Target
- United Fresh Consortium (UFC)
- Industry
- Food & Beverage
- Location
- United Kingdom
- Type
- Buyout
Buyers Edge Platform has acquired United Fresh Consortium (UFC), a UK-based fresh produce platform, marking the launch of its Fresh division in Europe. The acquisition is intended to establish a network of growers and local fresh distribution partners across Europe and create a bridge between Buyers Edge's North American footprint and UFC's UK relationships to serve global foodservice operators.
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January 26, 2026
- Buyer
- Rich Products Corporation
- Target
- Great Kitchens Food Company
- Seller
- Brynwood Partners VIII L.P.
- Industry
- Food & Beverage
- Location
- Illinois, United States
- Type
- Buyout
Rich Products Corporation (Rich's) has acquired Great Kitchens Food Company from Brynwood Partners VIII L.P.; the transaction closed in January 2026 for undisclosed terms. Great Kitchens, headquartered in Romeoville, Illinois, is a leading U.S. manufacturer of private-label take-and-bake and topped pizzas (including the Uno Foods/Pizzeria Uno lines) with three production facilities and roughly 1,000 employees; the deal gives Rich's expanded topped-pizza capabilities, greater capacity and a vertically integrated pizza platform.
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January 23, 2026
- Buyer
- Jackalope Brewing Company
- Target
- Black Abbey Brewing Company
- Industry
- Food & Beverage
- Location
- Tennessee, United States
- Type
- Buyout
Jackalope Brewing Company has acquired Nashville-area craft brewer Black Abbey Brewing Company, formalizing a relationship the two breweries say has existed for more than a decade. The move will preserve Black Abbey's European-inspired brewing identity while providing increased production capacity, broader distribution, and additional resources to support long-term brand development and regional growth.
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January 23, 2026
- Buyer
- Power Sustainable Lios, Farm Credit Canada, BMO Capital Partners, Latka family
- Target
- Crofter's Organic
- Seller
- Frontenac
- Industry
- Food & Beverage
- Location
- Ontario, Canada
- Type
- Buyout
Power Sustainable Lios acquired Crofter's Organic, an Ontario-based producer of organic jams, jellies, and fruit spreads. The deal is supported by co-investments from Farm Credit Canada, BMO Capital Partners, and the founding Latka family, with proceeds intended to fund capacity expansion, brand building, and product innovation.
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January 22, 2026
- Buyer
- Humble Growth
- Target
- simplyFUEL
- Industry
- Food & Beverage
- Location
- Kansas, United States
- Type
- Growth capital
Humble Growth has acquired a minority growth-equity stake in simplyFUEL, the protein-snack brand founded by Mitzi Dulan. The partnership is intended to help simplyFUEL scale its brand and accelerate retail expansion (Costco, Sam’s Club, Walmart, Target) with Humble Growth providing hands-on operating and brand-building support.
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January 22, 2026
- Buyer
- Charcuterie Artisans
- Target
- La Quercia Cured Meats
- Seller
- Lynch Family Companies
- Industry
- Food & Beverage
- Location
- Iowa, United States
- Type
- Addon
Charcuterie Artisans has acquired La Quercia Cured Meats, including its Norwalk, Iowa production facility and full product portfolio. The PE-backed charcuterie platform (owner: Industrial Opportunity Partners) said it will invest in the brand, expand the plant’s prosciutto capacity by ~50%, and retain La Quercia employees while working with the Lynch family and suppliers to maintain U.S. pork supply.
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January 21, 2026
- Buyer
- Grant Avenue Capital, LLC
- Target
- 21st Century Healthcare, Inc.
- Industry
- Food & Beverage
- Location
- Arizona, United States
- Type
- Buyout
Grant Avenue Capital has acquired 21st Century Healthcare, a Tempe, Arizona-based manufacturer of vitamins, minerals and supplements for humans and pets. Grant Avenue will partner with CEO Kirk Neal and the existing management team to expand 21st Century's product portfolio, scale manufacturing and broaden retail and e-commerce distribution.
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January 21, 2026
- Buyer
- Smithfield Foods
- Target
- Nathan's Famous
- Industry
- Food & Beverage
- Location
- United States
- Type
- Buyout
Smithfield Foods agreed to acquire Nathan's Famous in an all-cash deal valued at approximately $450 million under a definitive merger agreement. Smithfield will purchase all outstanding shares of Nathan's Famous for $102.00 per share, with closing expected in the first half of 2026, subject to customary approvals and conditions.
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January 21, 2026
- Buyer
- Puratos
- Target
- Vör Foods
- Industry
- Food & Beverage
- Location
- Pennsylvania, United States
- Type
- Buyout
Puratos has acquired Vör Foods, a U.S.-based maker of ultra-clean-label nut butters and nut-based fillings, adding a dedicated SQF-certified nut facility in Trevose, Pennsylvania to its U.S. manufacturing footprint. The acquisition expands Puratos' nut ingredient capabilities to better serve bakery, confectionery and adjacent sweet-goods customers and enables closer technical collaboration and investment to scale Vör's capacity and R&D.
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January 20, 2026
- Buyer
- Highlander Partners, The Arnold Companies, NMP Capital
- Target
- Tapatío
- Seller
- Saavedra family
- Industry
- Food & Beverage
- Location
- California, United States
- Type
- Buyout
Highlander Partners has acquired Tapatío, the No. 5 hot sauce brand in the U.S., from the Saavedra family with The Arnold Companies investing as a significant minority partner; the Saavedra family will retain a minority stake. J.P. Morgan led senior financing and NMP Capital provided financing and equity support. Highlander plans to use Tapatío as a platform for geographic expansion, deeper retail and foodservice penetration, and new product innovation.
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- Buyer
- Great Frontier Collective (Great Frontier Beverage holdings / GFB)
- Target
- Incline Cider Company, San Juan Beverage Company (San Juan Seltzer)
- Industry
- Food & Beverage
- Location
- Washington, United States
- Type
- Addon
Great Frontier Beverage (the Great Frontier Collective led by Ninkasi Brewing) has acquired Washington-based Incline Cider and Seattle-based San Juan Beverage Company (San Juan Seltzer). The deals bring two regional craft beverage brands into the Great Frontier portfolio to broaden its beer, cider and seltzer offerings and expand distribution across the Pacific Northwest.
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January 15, 2026
- Buyer
- MPearlRock, MidOcean Partners, Kroger, 84.51°
- Target
- The Good Crisp Company
- Industry
- Food & Beverage
- Location
- Colorado, United States
- Type
- Addon
MPearlRock has acquired The Good Crisp Company, a clean-label salty snack brand founded by Matt Parry, to expand its better-for-you salty snacks platform. The Good Crisp's products are sold in over 20,000 retail doors across the U.S., Canada, Australia and the U.K.; financial terms were not disclosed.
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- Buyer
- Mission Produce
- Target
- Calavo Growers
- Seller
- Calavo shareholders
- Industry
- Food & Beverage
- Location
- California, United States
- Type
- Buyout
Mission Produce has agreed to acquire Calavo Growers in a cash-and-stock transaction valuing Calavo at about $430 million. The deal is intended to expand Mission’s North American avocado footprint, broaden fresh-produce categories, and enter prepared foods via Calavo’s guacamole and related products.
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January 13, 2026
- Buyer
- Tropical Cheese Industries, AUA Private Equity Partners, Avance Investment Management
- Target
- Cibao Meat Products
- Seller
- Vieluf family (owners of Cibao Meat Products)
- Industry
- Food & Beverage
- Location
- New Jersey, United States
- Type
- Addon
Tropical Cheese Industries, a PE-backed Hispanic dairy and refrigerated foods platform, has acquired Cibao Meat Products and will integrate it as the Cibao Meat Products Division. The deal (terms undisclosed) strengthens Tropical Cheese’s meats offering, adds cold‑chain logistics capabilities, gives the Vieluf family a rolled equity stake, and expands the combined company’s reach across the U.S. East Coast.
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January 13, 2026
- Buyer
- USK Capital
- Target
- Go Raw
- Seller
- Juggernaut Capital Partners
- Industry
- Food & Beverage
- Location
- Illinois, United States
- Type
- Divestiture
USK Capital, the family office of Uday Kotak, has acquired Go Raw, a Chicago-area seed-based snacking brand, from Juggernaut Capital Partners. Financial terms were not disclosed; Juggernaut said it more than doubled Go Raw's revenue and expanded its distribution during ownership.
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January 10, 2026
- Buyer
- Cizzle Brands Corporation
- Target
- Flow Water Inc. (manufacturing business of Flow Beverage Corporation)
- Seller
- Flow Beverage Corporation (manufacturing business sold via court-supervised receivership)
- Industry
- Food & Beverage
- Location
- Ontario, Canada
- Type
- Divestiture
Cizzle Brands acquired the manufacturing business of Flow Water (Flow Beverage Corporation) for approximately $83.75 million, buying the Aurora, Ontario production facility now rebranded as the CWENCH Hydration Factory. The purchase includes a roughly $184 million contracted order book (with about $158 million take-or-pay protection), secures supply for Cizzle's CWENCH Hydration product, and was financed with a mix of debt and equity including a $40 million credit facility from Orion Infrastructure Capital.
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January 7, 2026
- Buyer
- Olio Piro LLC
- Target
- Bonini SRL
- Seller
- Fabio Massimo Bonini
- Industry
- Food & Beverage
- Location
- Emilia-Romagna, Italy
- Type
- Buyout
Olio Piro LLC and Bonini SRL announced a merger that places the traditional Modena balsamic house Bonini under the woman-owned and -led Olio Piro. The transaction combines Bonini’s heritage balsamic vinegar production and chef relationships with Piro’s award-winning extra virgin olive oil portfolio and U.S. distribution network, preserving Bonini’s PDO certification and operational continuity.
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January 6, 2026
- Buyer
- PPC
- Target
- NaturPak
- Seller
- Trivest Partners
- Industry
- Food & Beverage
- Location
- Wisconsin, United States
- Type
- Buyout
PPC, a family investment firm based in Chicago, has acquired NaturPak, a Janesville, Wisconsin-based co-manufacturer of bone broths, soups, sauces, wet pet food and ingredient products. NaturPak's CEO Aaron Jackson will continue to lead the business as PPC supports growth through investments in R&D, product development, capability expansion and new packaging formats; terms were not disclosed.
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January 2, 2026
- Buyer
- Premium Brands Holdings Corporation
- Target
- Stampede Culinary Partners, Inc.
- Seller
- Wynnchurch Capital, L.P.
- Industry
- Food & Beverage
- Location
- Illinois, United States
- Type
- Buyout
Premium Brands Holdings Corporation completed the acquisition of Stampede Culinary Partners, Inc. for approximately US$688.0 million, funded with cash, issued shares and debt. The purchase from Wynnchurch Capital expands Premium Brands’ U.S. branded and customized cooked-protein capabilities and adds significant production capacity across multiple U.S. and Canadian facilities.
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January 2, 2026
- Buyer
- Royal FrieslandCampina N.V.
- Target
- Wisconsin Whey Protein
- Industry
- Food & Beverage
- Location
- Wisconsin, United States
- Type
- Buyout
Royal FrieslandCampina N.V. has successfully closed its acquisition of Wisconsin Whey Protein, a US-based producer of whey protein isolates. The acquired business will be integrated into FrieslandCampina’s Ingredients group to expand whey protein capacity and extend FrieslandCampina’s presence in North America.
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Frequently Asked Questions
What kinds of buyers are most active in Food & Beverage deals?
Both strategic operators and private equity are active. Examples in recent activity include strategic platform buyers like Reddy Ice, LLC and industry buyers such as SGS, alongside private equity sponsors and growth investors (e.g., Investindustrial, The Riverside Company).
Which capabilities are acquirers prioritizing?
Buyers are prioritizing manufacturing scale and distribution, testing and regulatory/compliance services, and branded product innovation. Recent deals expanded production capacity, private-label capabilities, laboratory testing services, and CDMO/ingredient capabilities.
Where are most transactions taking place geographically?
The bulk of recent transactions are concentrated in North America (U.S. and Canada), with select cross-border activity involving European buyers and U.K. targets—illustrating both domestic consolidation and international expansion.
Are there common deal structures or strategic rationales seen here?
Yes. Observed structures include take-private transactions to support operational improvement (Investindustrial/TreeHouse Foods), add-on acquisitions to build platform scale, and minority/growth investments to fund expansion (e.g., The Riverside Company in Western Botanicals).