Food & Beverage Acquisitions in Missouri

Richardson International Limited has completed the acquisition of the pasta business of 8th Avenue Food & Provisions, including a durum mill, three pasta manufacturing facilities (Carrington, ND; New Hope, MN; Winchester, VA) and the Ronzoni brand. The business was sold by Post Holdings/8th Avenue and transfers more than 500 US employees to Richardson, strengthening Richardson's vertically integrated durum-to-pasta supply chain and expanding its retail, private-label, foodservice and ingredient capabilities in North America.

Turnspire Capital Partners (with partner AgraMarke Quality Grains) acquired LifeLine Foods LLC and ICM Biofuels LLC and combined operations under The LifeLine Group. The combined platform will operate LifeLine Foods (food-grade corn ingredients) and LifeLine Biofuels (renewable fuels produced from starch streams) to capture operational synergies and expand capabilities across food, building products and biofuels markets.

PNC Brands Group has acquired a majority interest in Ice Cream Factory, the family-owned ice cream company headquartered in Lebanon, Missouri. Founder Shannon Imler will remain as Chief Growth Officer while PNC's CEO Gail Kurpgeweit will serve as Ice Cream Factory CEO as the business undergoes operational upgrades, expanded co-manufacturing capacity, and job growth.

Frazil, the leading U.S. slush brand, has acquired Alligator Ice, a family-owned frozen beverage company with a footprint in over 10,000 convenience store locations. The acquisition expands Frazil's presence and capabilities across convenience stores, QSRs/LSRs, and other retail channels and pairs Alligator Ice's retail strength with Frazil's scale and innovation.

Post Holdings, Inc. completed its acquisition of 8th Avenue Food & Provisions effective July 1, 2025, taking full ownership of the private-label and branded foods business. The transaction values the deal at approximately $880 million and represents Post consolidating control of 8th Avenue (previously held with funds affiliated with Thomas H. Lee Partners).

MNG Brands (parent MNG 2005 Inc.) has acquired WellBeing Brewing Company, a maker of award-winning non-alcoholic beers, to expand its wellness and functional beverage offerings. The deal will leverage MNG’s wholesale and operational capabilities to scale WellBeing’s distribution and introduce new infused beverage lines while preserving the WellBeing brand identity.

Adams Flavors, Foods & Ingredients, a portfolio company backed by Midwest Growth Partners and partners, completed the acquisition of Goodman's Vanilla (Goodman's Flavorings) on September 29–30, 2024. Goodman's, a Marshfield, Missouri manufacturer of vanillas, flavor extracts and colors, is Adams' first add-on and will support regional expansion of Adams' branded products and the addition of spice offerings under the Goodman's banner.

Cal-Maine Foods, Inc. is acquiring a broiler processing plant, hatchery and feed mill in Dexter, Missouri from Tyson Foods, Inc.; terms were not disclosed. Cal-Maine plans to convert the facilities to egg production and grading operations to expand its geographic footprint and production capacity in Missouri and surrounding markets.

STX Beef Company, a JDH Capital portfolio company, has purchased Missouri Prime Beef Packers in Pleasant Hope, Missouri. The acquisition gives STX operatorship of the 88,000 sq. ft. plant (processing ~750 head/day) and expands its regional beef processing capacity and footprint.

Lipari Foods, a Warren, Michigan-based specialty food distributor, has acquired St. Louis-based Swiss-American, Inc., a specialty cheese solutions provider focused on retail deli. The acquisition will fold Swiss-American into Lipari's manufacturing division via its subsidiary The Deli Source to expand cheese offerings and capabilities; Swiss-American will continue to be led by Joe Hoff and has approximately 85 employees.

Philadelphia-based buyout firm Inverness Graham completed a majority recapitalization of Treat Planet, a St. Louis–based maker and seller of premium U.S.-sourced pet treats and chews. The investment will partner with Treat Planet's management to accelerate growth, expand capabilities and broaden distribution across North America; terms were not disclosed.

FlavorSum, a Flavor & Ingredients platform owned by The Riverside Company, has acquired Meridian Flavors, a Fenton, Missouri-based manufacturer of natural, non-GMO and organic flavor systems. The transaction is an add-on to the FlavorSum platform and expands its clean-label and sweet/dairy flavor capabilities to better serve small and mid-sized food & beverage customers.

GS Foods Group, a PE-backed foodservice distributor owned by affiliates of Highview Capital and A&M Capital Partners, has acquired Graves Foods, a Jefferson City, Missouri-based foodservice distributor. The acquisition expands GS Foods' Midwest footprint and integrates Graves' leadership into the GS Foods organization to strengthen operations and service to K-12, healthcare, restaurants and other end markets.

General Mills has acquired TNT Crust, a manufacturer of frozen pizza crusts that serves pizza chains, foodservice distributors and retail outlets. The acquisition (from Peak Rock Capital) adds TNT Crust's manufacturing footprint — including two Green Bay, Wisconsin facilities and one in St. Charles, Missouri — to General Mills' frozen baked goods platform to expand its away‑from‑home foodservice presence.

Seattle-based private equity firm Pike Street Capital announced a growth investment in Fair Market, Inc. (FMI), a family-run wholesale specialty food distributor headquartered in Wentzville, Missouri. As part of the partnership Pike Street is bringing industry executive Rich Friedlen in as CEO while founder Marvin Eisenbath remains significantly invested; the capital will be used to expand FMI’s addressable markets and product lines.

3D Corporate Solutions, an Olympus Partners portfolio company, has acquired Missouri-based LinkOne Marine Solutions, a manufacturer of dried, fresh, and frozen marine proteins for the premium pet food industry. The acquisition is an add-on to 3D's existing network of facilities and expands its portfolio and supply-chain capabilities for premium pet food ingredient customers.

GS Foods Group, a specialized foodservice distributor owned by affiliates of Highview Capital and A&M Capital Partners, has acquired C&C Produce, a Kansas City–based specialty produce distributor established in 1992. The C&C co-owners will continue to lead operations from their existing facility as the deal expands GS Foods' geographic footprint and produce capabilities across education, foodservice and retail end markets.

NXMH, a Belgium-based family-owned investment firm, has acquired Whitebridge Pet Brands, a St. Louis-based maker of natural and minimally processed pet foods, treats and supplements. Whitebridge was previously a portfolio company of Frontenac; the acquisition is expected to expand NXMH's international petfood footprint and accelerate product innovation and distribution growth. Terms were not disclosed.

Norwest Equity Partners (NEP) has acquired Red Monkey Foods, a Springfield, Missouri-based maker of organic spices, seasonings and branded salts, from San Francisco Equity Partners (SFEP). Financial terms were not disclosed; NEP said it will partner with Red Monkey's management to scale the company's private-label and branded salt businesses across grocery, mass, specialty and e-commerce channels. SFEP, which invested in Red Monkey in 2016, more than tripled revenue and EBITDA during its ownership.

Great Range Capital has announced an investment to launch FairWave Holdings, a specialty coffee holding company that brings together Kansas City brands The Roasterie and Messenger Coffee Company. The founders will remain investors and board members while FairWave (led by CEO Dan Trott) will support growth, operations, and preserve each brand's local identity.

Olympus Partners has acquired the Land Animal Protein division of 3D Corporate Solutions in a partnership with 3D's founders and senior management. The division manufactures premium protein ingredients (chicken, beef and lamb) for premium pet food manufacturers; Olympus will provide capital and support to pursue expansion opportunities.