News

Arbor Investments (“Arbor”), a specialized private equity firm that focuses exclusively on investing in food, beverage and related industries announced today the acquisition of a majority interest in healthy, plant-based food platform Fontaine Santé Foods (the “Company”). Terms of the transaction were not disclosed. Founded in Montreal, Quebec in 1990, Fontaine Santé Foods is the premier branded manufacturer of healthy and fresh hummus, refrigerated salsa and dips, tofu, pesto, salads and vegetable pates. Using plant-based and natural ingredients, the convenient and better-for-you products are marketed under nationally recognized brands including Fontaine Santé®, Garden Fresh Gourmet®, and Lantana® and found in...

NEW YORK — NexPhase Capital, LP, an operationally-focused private equity firm, announced Oct. 29 the sale of Popcornopolis LLC to Barcel USA, the US snack division of Grupo Bimbo S.A.B. de C.V. and manufacturer of snack brand Takis. Terms of the transaction were not disclosed. Popcornopolis was founded in 2003 by entrepreneurs Wally and Kathy Arnold, who set out to create the world’s best gourmet popcorn. Today, Popcornopolis is a manufacturer and marketer of high-quality, indulgent, ready-to-eat popcorn snacks, including delicious Zebra, Unicorn and Double Drizzle varieties. Popcornopolis is recognized for its innovative and one-of-a-kind cone-shaped packaging, with products available...

MONTREAL, Canada – Champlain Financial Corporation and GefCo, have acquired Naya Waters, now returning Naya Waters to a 100% Quebec owned and operated company Naya Waters, a Quebec company for the past 35 years, offers natural spring water of exceptional quality. This acquisition makes the Mirabel, Quebec based business well positioned to accelerate its development and promotion of new products and packaging across the country. With more than 80 people employed at the Mirabel facility, Naya has forged partnerships with leading retailers across Canada, making the company well positioned to ensure continued growth and prosperity. With a brand image refreshed...

Mexico City, Mexico – Grupo Herdez, S.A.B. de C.V. (“Grupo Herdez” or the “Company”) (BMV: HERDEZ) today announced that its associated company, Herdez Del Fuerte, has finalized several agreements for the partial divestiture of its tuna assets. Under these agreements, Grupo Herdez and its associate are selling their tuna vessels and fishing equipment, the tuna processing and packaging plant located in Chiapas, as well as rights to the “Nair” brand. However, Grupo Herdez and its associate will continue participating in the distribution and sale of tuna products under the “Herdez” brand, which will be produced by a third party. The...

CAMDEN, N.J.–(BUSINESS WIRE)–Feb. 26, 2019– Campbell Soup Company (NYSE: CPB) announced today that it has signed a definitive agreement for the sale of Garden Fresh Gourmet to an affiliate of Fountain of Health USA, a maker of hummus, dips, variety packs, prepared salads, pâtés, and frozen desserts. Terms of the transaction were not disclosed. Garden Fresh Gourmet is part of the Campbell Fresh division, which also includes Bolthouse Farms. Campbell recently announced the sale of its Everett, Washington, refrigerated soup plant that was also part of Campbell Fresh. As outlined in August 2018 as part of its Board-led strategy and portfolio review, Campbell is in the...

Mexico City, February 12, 2018 – Grupo Bimbo today announced an agreement to acquire Mankattan Group, a key player in the baking industry in China, which will advance the company’s global growth strategy in highgrowth segments and markets. Mankattan, with more than 20 years of experience in the market and number two national wholesale bakery company in China, produces and supplies sliced bread, cakes, buns and Yudane (a Japanese-style sandwich bread), among other baked products to modern, traditional and QSR clients. Mankattan employs 1,900 associates and operates four plants that serve the thriving urban markets of Beijing, Shanghai, Sichuan, and...

Brussels, Belgium – December 19th, 2017 – Fortino Capital announced that they have reached an agreement to acquire a majority stake in MobileXpense through an investment of 20 million euros. MobileXpense is a Brussels-based Software-as-a-Service (SaaS) company specialized in travel and expense management. MobileXpense was created in 2000 by Xavier Deleval and Patrick Billiet. The company has offices in Germany, the Netherlands, Romania and Canada in addition to Belgium. Fortino’s investment will enable the company to further expand internationally and grow in the middle to large customer segment. Fortino Capital is a Brussels-based investment company, co-founded by Duco Sickinghe, Renaat...

Philadelphia, PA / Leominster, MA – November 20, 2017 – Graham Partners, a private investment firm targeting industrial technology and advanced manufacturing companies, announced today its acquisition of EasyPak LLC (“EasyPak”). Easypak is a leading thermoformed packaging provider with advanced operating capabilities, a history of innovation, and best-in-class service. Headquartered in Leominster, MA, EasyPak serves an attractive base of food producing customers. EasyPak is differentiated by its ability to offer packaging made from 100% post-consumer recycled materials, among other value-added capabilities. Management will retain a minority stake in the business and will continue to support EasyPak in its expansion plans....

Mexico City, October 16, 2017 – Grupo Bimbo, S.A.B. de C.V. (“Grupo Bimbo”) announced today that it has completed the acquisition of East Balt Bakeries (“East Balt”), a global leader within the foodservice industry, for a price of US$650 million, cash and debt free. Atlas Advisors acted as the exclusive financial advisor to Grupo Bimbo on the transaction. East Balt is a leading foodservice-focused company that produces and supplies buns, English muffins, rolls, tortillas, bagels, artisanal breads and other baked goods predominantly to Quick Service Restaurants (“QSR”) around the world. Founded in 1955 and headquartered in Chicago, IL, East Balt...

Bays Bakery Incorporated started in Chicago, in 1933, as the Bays English Muffin Corporation. Dedicated to quality service and product, the company has grown to distribute across the United States and abroad. In 2017, Bays proudly celebrated its eightieth anniversary. Over the years the business grew steadily and was passed down through generations, first changing hands to George’s son James N. Bay, and then to grandsons George A. Bay and James N. Bay Jr. Most recently, in 2017, the Bay family sold the business. Bays English Muffin Corporation was acquired by Bimbo Bakeries USA and renamed Bays Bakery Incorporated. The...