Food & Beverage Acquisitions in Arkansas

FreshEdge, a Wind Point Partners–backed super-regional fresh food distributor, acquired Kimball & Thompson Produce Company (KT Produce), a fresh produce distributor headquartered in Lowell, Arkansas. The add-on expands FreshEdge's footprint in the Southern U.S., strengthens its supply chain and adds approximately 40,000 square feet of warehouse capacity across Lowell and Arkansas/Oklahoma locations.

Westrock Coffee Company entered into a business combination with Riverview Acquisition Corp., becoming a publicly listed company on the Nasdaq under the ticker "WEST". The transaction delivered approximately $500 million of gross cash proceeds including $250 million in PIPE commitments and secured new credit facilities to refinance debt and fund Westrock's manufacturing expansion and international growth initiatives.

General Mills completed the purchase of Tyson Foods’ pet treats business for $1.2 billion in cash, acquiring the Nudges, Top Chews and True Chews brands and a manufacturing facility in Independence, Iowa. The pet treats portfolio generated more than $240 million in net sales for the 12 months ended April 3, 2021; General Mills said the acquisition complements its BLUE pet food portfolio and supports its portfolio reshaping strategy.

Brynwood Partners VIII L.P. has acquired De Wafelbakkers from The Oklahoma Publishing Company (OPUBCO), a subsidiary of the Anschutz Corporation. The acquisition expands Brynwood's food and beverage manufacturing footprint and adds two production facilities and roughly 650 employees to its portfolio.

Great Range Capital led a group of investors, including Mountain Valley's management, to acquire Mountain Valley Water Company, the long-standing premium bottled water brand based in Hot Springs, Arkansas. The private equity firm said the investment will support the company's continued growth and build upon its historic brand and premium product positioning.