Here's what's new in the #cpgindustry this week:
Southern Glazer's Wine & Spirits has plans to acquire Horizon Beverage. The deal includes all of Norton, Massachusetts-based Horizon Beverage’s Massachusetts and Rhode Island operations and beer, wine and spirits portfolio, adding two states to the largest bev-alc distributor’s footprint, for a total of 46 states, plus Washington, D.C., Canada, the Caribbean and Central and South America.
Oats Overnight has raised $35 million in a Series B funding round intended to help the high-protein oats brand continue to expand its manufacturing capabilities and grow its footprint in retail stores. The round follows a $21 million raise from last year when the company reported around 250 full time employees and a footprint in over 2,000 doors nationwide.
Kroger and Albertsons Companies’ $24.6 billion grocery merger is once again in flux after a Colorado judge and the state’s attorneys general agreed today to an order halting the proceedings until the Colorado District Court rules on the state’s lawsuit that seeks to permanently block the deal. The agreement also cancels a nine-day hearing on the preliminary injunction set to start on August 12; instead it consolidates the proceeding with a two-week trial slated to begin on September 30.
Ghetto Gastro is adding to its line with the launch of two fall-inspired toaster pastry flavors: sweet potato and brown sugar. The pastries are vegan, formulated with organic roots and grains, non-GMO and include no artificial additives or preservatives.
Plant-based whole cuts maker Juicy Marbles has added plant-based Baby Ribs with edible bones to its portfolio. The company said it has been experimenting with its ribs for the past year, selling limited versions of its ribs to its online community but is now offering a retail-ready product.
Danone is entering a partnership with Microsoft in order to integrate artificial intelligence throughout its supply chain. The dairy business said the program will include initiatives for its workforce to boost their experience with AI, including the use of predictive forecasting and real-time adjustments to streamline its operations.
Siddhi Capital announced the closing of its second fund today at $135 million; the new vehicle marks the firm’s shift from startup to growth equity stage investments and a broadening beyond food and beverage.
brekki has expanded its portfolio of ready-to-eat oats with two new flavors: Lemon and Choco Coconut.
Plant-based milk and creamer producer Elmhurst® 1925 has made its first foray into the plant-based meat set with its single-ingredient chicken alternative, TerraMeat Plant-Based Chick’n. The new ambient product is made with hemp protein and has 26 grams of protein per serving.
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1moAdam L. Michaels and Lauren Sella: ROCK STARS!!!