Kemin Industries, Inc., acquiredProteus Industries, Inc.The terms of the transaction were not disclosed. Proteus is a food technology and ingredient company based in Gloucester, MA. Kemin is a global ingredient manufacturer based in Des Moines, IA.
The Procter & Gamble Company(NYSE:PG) acquiredVitaminHaus Pty Ltd.The terms of the transaction were not disclosed. Malvern, Australia-based Vitaminhaus, trading as VÖOST, manufactures and sells vitamins and minerals in effervescent form. Cincinnati, OH-based Procter & Gamble provides branded consumer packaged goods to consumers. Jones Day served as legal advisor to Procter & Gamble.
FitLife Brands, Inc. (OTCPK:FTLF) acquired substantially all of the assets ofNutrology.Terms of the transaction were not disclosed. Nutrology provides all-natural, plant-based nutritional supplements and is based in West Berlin, NJ. FitLife, based in Omaha, NE, provides nutritional supplements.
SunOpta Inc.(TSX:SOY) acquired theDream andWestSoy plant-based beverage brands fromThe Hain Celestial Group, Inc.for $33.0 million. SunOpta manufactures and sells plant-based and fruit-based food and beverage products to retail customers, foodservice distributors, branded food companies, and food manufacturers worldwide and is based in Mississauga, Canada. Hain manufactures, markets, and sells organic and natural products and is based in Lake Success, NY.
Laird Superfood, Inc.(NYSEAM:LSF) acquiredPicky Bars, LLC for $12.0 million. Picky Bars manufactures and sells energy bars and is based in Bend, OR. Laird manufactures and markets plant-based natural and functional food and is based in Sisters, OR. Hogan Lovells US LLP served as legal advisor to Laird.
Guardion Health Sciences, Inc. (NasdaqCM:GHSI) acquiredActiv Nutritional, LLCfor $26.0 million. Activ manufactures and sells the Viactiv line of supplement chews for bone, immune, and digestive health and other applications and is based in Greenwich, CT. Guardion is a clinical nutrition and diagnostics company that develops clinically supported nutrition, medical foods, supplements and medical devices and is based in San Diego, CA. Sheppard, Mullin, Richter & Hampton LLP served as legal advisor to Guardion.
Upon A Farm LLC acquiredFrozen Harvest Intelligence, Inc.,dba Raised Real. The terms of the transaction were not disclosed. Raised Real offers pre-portioned, packed meals of whole fruits and veggies for babies and is based in San Francisco, CA. Upon A Farm produces cold-pressed and organic baby products and is based in Berkeley, CA.
The Hershey Company(NYSE:HSY) acquiredLily’s Sweets, LLCfor $425.0 million. Lily’s manufactures botanically sweetened chocolates made with non-GMO and
gluten-free ingredients harvested through fair trade practices and is based in Boulder, CO. Winston & Strawn LLP served as legal advisor to Lily’s. Gibson, Dunn & Crutcher LLP served as legal advisor to Hershey.
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In Memoriam: Durk J. Pearson, August 19, 1943 – October 26, 2024
November 11, 2024