Food & Beverage Acquisitions in Hawaii

Sojourner Consumer Partners announced an investment in Hawaii Coffee Company and the formation of a new holding platform, SoJoe Coffee, in partnership with Anderson Holdings. The deal brings Hawaii Coffee Company into Sojourner's consumer-focused platform to support brand growth, e-commerce and sustainability initiatives; terms were not disclosed.

Sysco Corporation acquired Hawaii-based Armstrong Produce and Kula Produce, two sister fresh-produce wholesalers and distributors, which will operate as part of Sysco’s FreshPoint specialty produce division. The deal gives Sysco direct access to the Hawaiian market and expands FreshPoint’s local distribution capacity while retaining the acquired companies’ leadership and associates.

Chicago-based investment firm Kenex Holdings has acquired Bubbies Homemade Ice Cream & Desserts, the Aiea, Hawaii–based maker of premium mochi ice cream. Founder Keith Robbins will remain a significant investor while Kenex appoints Rick Schaffer as CEO to lead the next phase of growth and a leadership transition.