Food and beverage business briefs – DDW – TreeHouse Foods – Anheuser-BuschFood and beverage business briefs – DDW – TreeHouse Foods – Anheuser-Busch
Who said hump day must be boring? Each Wednesday INSIDER gives you the 411 on the latest business moves affecting the food and beverage product development space.
July 10, 2019
DDW acquires DuPont natural colors business
DDW, The Color House, completed its acquisition of the natural colors business from DuPont’s Nutrition & Biosciences division. The acquisition expands DDW’s global reach and adds technical and manufacturing capabilities in several new core natural colors. The deal includes two DuPont manufacturing facilities (Burton-on-Trent, UK and Santiago, Chile) and all related customer contracts.
TreeHouse Foods sells snacks division to Atlas Holdings for $90M
TreeHouse Foods Inc. has agreed to sell its snacks division to Atlas Holdings LLC for $US90 million. The TreeHouse snacks division is one of the largest manufacturers and distributors of private label healthy snacks to retail customers in North America, and a leader in the nuts and trail mix categories. Included in the deal are three plants located in Robersonville, North Carolina; El Paso, Texas; and Dothan, Alabama.
Anheuser-Busch to acquire remaining stake in Babe Wine
Anheuser-Busch, through its affiliate ZX Ventures, will acquire the remaining stake in the disruptive wine company, Babe Wine, for an undisclosed amount. AB initially acquired a minority stake in the company in 2018. Since then, distribution of Babe Wine’s Rosé, Pinot Grigio and Red wines have increased dramatically. Anheuser-Busch has continued to expand its roster in the Beyond Beer arena, leveraging its core capabilities to produce and distribute a portfolio of beverages designed to keep up with evolving consumer tastes. Babe Wine falls under the beyond beer umbrella with other Anheuser-Busch brands including Drinkworks, Bon & Viv Spiked Seltzer and Cutwater Spirits.
Land O’Lakes, Royal Agrifirm Group form joint venture in China
Land O'Lakes and the Royal Agrifirm Group (Agrifirm) formed a dairy animal feed joint venture in China. The new company, Agrilakes will leverage existing market knowledge, insights, technologies and research capability from both companies to serve China-based feed customers and dairy farmers. The joint venture initially will be based in Agrifirm’s existing manufacturing plant in Tianjin, with plans to build a new dairy premix and specialty plant on the adjacent property.
McCain partners with NUGGS
McCain Foods, a leader in frozen french fries, potato specialties and appetizers, announced a new strategic partnership and lead investment in NUGGS, a New York based start-up that has developed an innovative plant-based chicken nugget alternative. The partnership combines NUGGS’ textured pea protein technology and research and development (R&D) process with McCain’s production and commercial expertise to accelerate the brand’s growth and deliver market scale.
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