23 Acquisitions of Companies in the Food and Beverage Industry

January 15, 2023
Acquisitions Hub

Company acquisitions in the Food and Beverage industry always make headlines! Especially since related startups and technology companies have become very popular with private equity firms, strategic buyers and even family offices.

In this blog post, we are taking a closer look at 23 acquisitions that took place in the Food and Beverage industry.

Brighter Foods acquired by THG

Details about the transaction:

Acquisition amount:

$59,507,005

Announcement:

22 April 2021

Details about the company:

Snack bars are produced by Brighter Foods for partners with own-label brands.

Headquarter:

Towyn, Gwynedd, United Kingdom

Where to find them:

Industry:

Food and Beverage, Manufacturing

Details about the buyer:

THG is an online retailing platform that specializes on fast-moving consumer items, especially those related to the health and beauty sectors.

Headquarter:

Manchester, Manchester, United Kingdom

Where to find them:

Fredericks Dairies acquired by R&R Ice Cream

Details about the transaction:

Acquisition amount:

$75,098,893

Announcement:

10 April 2013

Details about the company:

In the UK, Fredericks Dairies is the top independent ice cream producer.

Headquarter:

Skelmersdale, Lancashire, United Kingdom

Where to find them:

Industry:

Food and Beverage, Manufacturing, Marketing

Details about the buyer:

Ice cream and frozen confections are made and sold all over the world by R&R Ice Cream.

Headquarter:

Northallerton, North Yorkshire, United Kingdom

Where to find them:

Heilongjiang Haihe Beverage acquired by Taihe Water

Details about the transaction:

Acquisition amount:

$9,766,203

Announcement:

3 August 2022

Details about the company:

The goal of Heilongjiang Haihe Beverage is to produce and market natural soda water.

Headquarter:

Guangzhou, Guangdong, China

Where to find them:

Industry:

Catering, Food and Beverage, Sales

Details about the buyer:

Underwater ecological restoration research and development are activities of Taihe Water.

Headquarter:

Shanghai, Shanghai, China

Where to find them:

Xiangyu Biotechnology acquired by Hubei Forbon Technology

Details about the transaction:

Acquisition amount:

$13,742,736

Announcement:

13 December 2021

Details about the company:

A technological enterprise called Xiangyu Biotechnology creates and manufactures colorants.

Headquarter:

Hunan, Fujian, China

Where to find them:

Industry:

Biotechnology, Chemical, Chemical Engineering, Food and Beverage, Pharmaceutical

Details about the buyer:

Chinese supplier of agricultural inputs.

Headquarter:

Wuhan, Hubei, China

Where to find them:

MOMA Foods acquired by A.G Barr

Details about the transaction:

Acquisition amount:

$4,509,421

Announcement:

6 December 2021

Details about the company:

The best oat-based goods, including oatmeal and oat drinks, are available from MOMA Foods.

Headquarter:

London, England, United Kingdom

Where to find them:

Industry:

Food and Beverage, Food Processing

Details about the buyer:

A.G. Barr is a producer of soft drinks.

Headquarter:

Cumbernauld, North Lanarkshire, United Kingdom

Where to find them:

The Nourish Group acquired by Good Spirits Hospi

Details about the transaction:

Acquisition amount:

$19,156,710

Announcement:

15 November 2021

Details about the company:

The Nourish Group has developed for hospitality businesses that support the national economy and culture.

Headquarter:

Auckland, Auckland, New Zealand

Where to find them:

Industry:

Food and Beverage, Food Processing, Hospitality

Details about the buyer:

In particular, the hotel industry is where Good Spirits Hospitality Limited finds high-quality purchase prospects.

Headquarter:

Auckland, Auckland, New Zealand

Where to find them:

Sunnyvalley Smoked Meats acquired by Swift Prepared Foods

Details about the transaction:

Acquisition amount:

$90,000,000

Announcement:

15 October 2021

Details about the company:

In Manteca, California, Sunnyvalley Smoked Meats processes local bacon, ham, and smoked turkey and hog parts.

Headquarter:

Manteca, California, United States

Where to find them:

Industry:

Food and Beverage, Food Processing, Organic Food

Details about the buyer:

Swift Prepared Meals is a producer and retailer of prepared foods with a protein focus.

Headquarter:

Chicago, Illinois, United States

Where to find them:

Acenzia acquired by Novo Healthnet

Details about the transaction:

Acquisition amount:

$14,884,039

Announcement:

3 June 2021

Details about the company:

Acenzia is a company that creates and manufactures cutting-edge natural health products.

Headquarter:

Tecumseh, Ontario, Canada

Where to find them:

Industry:

Consumer Goods, Drones, Fitness, Food and Beverage, Health Care, Manufacturing

Details about the buyer:

Along with offering patients treatment options, Novo Healthnet also offers assessment and diagnostic services.

Headquarter:

Concord, Ontario, Canada

Where to find them:

YCook acquired by DeHaat

Details about the transaction:

Acquisition amount:

$3,100,000

Announcement:

18 April 2022

Details about the company:

A food technology business called YCook focuses on minimally processed fruits, vegetables, and lentils.

Headquarter:

Hoskote, Karnataka, India

Where to find them:

Industry:

Agriculture, Food and Beverage, Food Processing, Organic Food

Details about the buyer:

AgriTech firm DeHaat provides technological solutions to boost farming's supply chain and production efficiency.

Headquarter:

Patna City, Bihar, India

Where to find them:

Yuppiechef acquired by MR Price Group

Details about the transaction:

Acquisition amount:

$31,619,271

Announcement:

15 March 2021

Details about the company:

An internet retailer called Yuppiechef sells a variety of products, including food, drinks, spices, cookware, and appliances.

Headquarter:

Cape Town, NA - South Africa, South Africa

Where to find them:

Industry:

E-Commerce, Food and Beverage, Online Portals

Details about the buyer:

The MR Price Group consists of several apparel businesses.

Headquarter:

Durban, NA - South Africa, South Africa

Where to find them:

Boost Drinks acquired by A.G Barr

Details about the transaction:

Acquisition amount:

$39,016,825

Announcement:

5 December 2022

Details about the company:

Numerous functional beverages in the energy and sports categories are offered by Boost Drinks.

Headquarter:

Leeds, Leeds, United Kingdom

Where to find them:

Industry:

Commercial, Food and Beverage, Food Processing

Details about the buyer:

A.G. Barr is a producer of soft drinks.

Headquarter:

Cumbernauld, North Lanarkshire, United Kingdom

Where to find them:

Chilango acquired by Tortilla Mexican Grill

Details about the transaction:

Acquisition amount:

$3,455,911

Announcement:

23 May 2022

Details about the company:

A website where you may get Mexican food is called Chilango.

Headquarter:

London, England, United Kingdom

Where to find them:

Industry:

Food and Beverage, Organic Food, Restaurants

Details about the buyer:

A series of informal Mexican restaurants is called Tortilla Mexican Grill.

Headquarter:

London, England, United Kingdom

Where to find them:

Plus Products acquired by Glass House Brands

Details about the transaction:

Acquisition amount:

$25,600,000

Announcement:

20 December 2021

Details about the company:

Gummies containing dosed CBD and no THC are produced by Plus Products and delivered to clients' doors.

Headquarter:

Walnut, California, United States

Where to find them:

Industry:

Cannabis, Consumer Goods, Food and Beverage, Manufacturing, Product Search

Details about the buyer:

One of the vertically integrated cannabis businesses with a clear emphasis on the California market is Glass House Brands.

Headquarter:

Long Beach, California, United States

Where to find them:

SOL Cuisine acquired by PlantPlus Foods

Details about the transaction:

Acquisition amount:

$99,592,071

Announcement:

12 November 2021

Details about the company:

SOL Cuisine is a service provider for vegetarian eateries in Toronto.

Headquarter:

Mississauga, Ontario, Canada

Where to find them:

Industry:

Food and Beverage, Food Delivery, Organic Food

Details about the buyer:

The newest line of plant-based foods is called PlantPlus Foods.

Headquarter:

Chicago, Illinois, United States

Where to find them:

The Chefz acquired by Jahez International Company

Details about the transaction:

Acquisition amount:

$86,629,682

Announcement:

20 May 2022

Details about the company:

The Chefz is a platform for the delivery of upscale foods and treats.

Headquarter:

Riyadh, Ar Riyad, Saudi Arabia

Where to find them:

Industry:

Food and Beverage

Details about the buyer:

A food delivery network known as Jahez provides customers with meal orders from eateries.

Headquarter:

Riyadh, Ar Riyad, Saudi Arabia

Where to find them:

This Saves Lives acquired by Upworthy

Details about the transaction:

Acquisition amount:

$5,000,000

Announcement:

10 November 2022

Details about the company:

Delicious, non-GMO, and gluten-free snack bars are produced by This Saves Lives.

Headquarter:

Culver City, California, United States

Where to find them:

Industry:

Food and Beverage

Details about the buyer:

The goal of Upworthy is to alter the topics that the world pays attention to.

Headquarter:

New York, New York, United States

Where to find them:

Shahiya acquired by Cookpad Japan

Details about the transaction:

Acquisition amount:

$13,500,000

Announcement:

20 November 2014

Details about the company:

Shahiya is a list-based website that offers cooking instructions and the essential ingredients.

Headquarter:

Beirut, Beyrouth, Lebanon

Where to find them:

Industry:

Advertising, Cooking, E-Commerce, Food and Beverage, Internet, News

Details about the buyer:

A digital business called Cookpad is developing a community platform where individuals can exchange culinary advice and recipe ideas.

Headquarter:

Tokyo, Tokyo, Japan

Where to find them:

Monty’s Bakehouse acquired by SATS Ltd

Details about the transaction:

Acquisition amount:

$34,084,903

Announcement:

2 March 2020

Details about the company:

One of the companies that provides the travel sector with high-quality, portable treats is Monty's Bakehouse.

Headquarter:

Nutfield, Surrey, United Kingdom

Where to find them:

Industry:

Food and Beverage, Food Processing

Details about the buyer:

SATS is the top supplier of food solutions and gateway services in the area.

Headquarter:

Singapore, Central Region, Singapore

Where to find them:

St. Louis Bar and Grill acquired by Aegis Brands

Details about the transaction:

Acquisition amount:

$50,000,000

Announcement:

29 September 2022

Details about the company:

The online food and beverage retailer St. Louis Bar & Grill specializes on wings, ribs, and beer.

Headquarter:

Toronto, Ontario, Canada

Where to find them:

Industry:

E-Commerce, Food and Beverage, Food Delivery

Details about the buyer:

The goal of Aegis Brands is to create a portfolio of exceptional brands that can benefit from Aegis' resources and experience to develop and prosper.

Headquarter:

Markham, Ontario, Canada

Where to find them:

Stomping Ground Brewing acquired by Good Drinks Australia

Details about the transaction:

Acquisition amount:

$7,000,000

Announcement:

23 August 2022

Details about the company:

Food and drinks are available from Stomping Ground Brewing.

Headquarter:

Collingwood, Victoria, Australia

Where to find them:

Industry:

Food and Beverage, Wine And Spirits

Details about the buyer:

Brewing is what Good Drinks Australia does for a living.

Headquarter:

Perth, Western Australia, Australia

Where to find them:

Svami acquired by Stranger & Sons

Details about the transaction:

Acquisition amount:

$12,518,142

Announcement:

22 August 2022

Details about the company:

Three seasoned drinkers who wanted to share their passion for libations with the wider world of beverages came up with Svami.

Headquarter:

Mumbai, Maharashtra, India

Where to find them:

Industry:

Food and Beverage

Details about the buyer:

In India, Stranger & Sons offers catering and beverage services.

Headquarter:

Mumbai, Maharashtra, India

Where to find them:

The Sicilian Butcher acquired by Savory Fund

Details about the transaction:

Acquisition amount:

$30,000,000

Announcement:

12 October 2022

Details about the company:

Several restaurant chains are run by The Sicilian Butcher.

Headquarter:

Phoenix, Arizona, United States

Where to find them:

Industry:

Food and Beverage, Restaurants

Details about the buyer:

By using deliberate growth and replication tactics, Savory Fund aims to provide outsized returns.

Headquarter:

Lehi, Utah, United States

Where to find them:

AMG/PARADE acquired by The Arena Group

Details about the transaction:

Acquisition amount:

$16,000,000

Announcement:

18 January 2022

Details about the company:

AMG/PARADE is a publishing house that specializes in producing articles on cuisine, families, sports, and entertainment.

Headquarter:

New York, New York, United States

Where to find them:

Industry:

Digital Entertainment, Fitness, Food and Beverage, Sports

Details about the buyer:

The Arena Group combines strong brands in markets where customers are enthusiastic and offers memorable experiences.

Headquarter:

Seattle, Washington, United States

Where to find them: