Mergers and acquisitions

CPG

Bolthouse Farms to Acquire Starbucks Juice Brand

The purveyor of functionality-focused beverages (and carrots) said the acquisition of Starbucks' Evolution Fresh brand extends its commitment to offering "high-quality, nutrient-dense juices."

Retailers

South American Retail Conglomerate to Take Majority Stake in The Fresh Market

Cencosud, with funds managed by an Apollo Global Management affiliate, will acquire a 67% stake in The Fresh Market Holdings, which operates 160 grocery stores in 22 states.

With the acquisition of Brady’s Meats & Foods in Fremont, Neb., Cubby’s now has seven supermarkets under its belt. "Grocery is an important category for us as we grow the company," COO Mike Wilson said.

The grocery retailer has been family-owned and operated since its founding more than 40 years ago, and the founding family will partner with Apollo, both in management roles and as shareholders, going forward.

Grubhub's order volumes and transaction values were down 5% year over year in the first quarter, and an activist investor has been urging the business' sale to a major online grocery player.

Data firms will combine CPG, general merchandise, foodservice and food consumption data capabilities.

Kingswood Capital Management LP, a Los Angeles-based private equity firm, has acquired the Modesto, Calif.-based grocer.

Pete's has retail distribution in more than 10,000 stores in 35 states and Canada, including Albertsons, Kroger, Target, Walmart, as well as Whole Foods and AmazonFresh locations.

Sylvain Perrier, president and CEO of Mercatus, says it's a smart time for Albertsons to review what could be cut, what should be kept and where to invest further.

The parent of Safeway, Vons, Jewel-Osco and other popular regional banners said its strategic review will include responding to inquiries.

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