Companies in the News: Penton Media, Inc, New Hope Natural Media, Shows International, Acatris Holding BV, Royal Schouten Group NV, TD Capital, H.J. Heinz Co., Groupe Danone, Weider Nutrition International, Inc., Atlantic Grupa, SunOpta Inc., Cleugh's Frozen Foods, Inc., Sunset Brands, Inc., U.S. Mills, Inc., Orkla ASA, Collett Pharma, Ferd Private Equity Fund, Pronova Biocare, Frutarom, A.M. Todd Botanical Therapeutics, NBTY, Inc., SISU Inc., Premier Foods, Marlow Foods, Solgar Vitamin and Herb, Wyeth Consumer Healthcare, Naturex, S.A., Pure World, Inc., Earthwise Processors, LLC.
[6/24/2005] Penton's New Hope Natural Media Expands with Purchase of Kosher World Trade Show
US-based Penton Media, Inc.'s (PTON) New Hope Natural Media division has announced the acquisition of Kosher World Conference & Expo from Shows International as the company expands its reach into kosher/specialty foods. Beginning in March 2006, the event will be co-located with Natural Products Expo West.
[6/24/2005] Acatris Sells Canadian Subsidiary
According to an article on just-food.com, Netherlands-based Acatris Holding BV, a division of Dutch Royal Schouten Group NV has sold its Canadian subsidiary, Acatris Inc to Canadian private equity group TD Capital.
[6/20/2005] Heinz Buys Danone Units for $852 Million
According to an AP article, US-based H.J. Heinz Co. has agreed to acquire the HP Foods and Lea & Perrins sauce divisions from France's Groupe Danone for $852 million. According to the article, as part of the deal, Danone will grant Heinz a license to manufacture its Amoy brand of sauces in Europe.
[6/20/2005] Weider Nutrition Sells Haleko Unit
US-based supplement and sports nutrition company Weider Nutrition International, Inc. (WNI) has announced the sale of its European subsidiary, its Haleko unit, to Croatia-based Atlantic Grupa for approximately $15.0 million. According to the company, the Haleko unit net sales of approximately $49.7 million and a loss from operations of $941,000 for the nine months ended February 28, 2005.
[6/20/2005] SunOpta Completes Acquisition of Cleugh's Frozen Foods, Inc.
Canada-based natural and organic food company SunOpta Inc. (STKL) (CA:SOY) has announced that it has completed the acquisition of the outstanding shares of US-based Cleugh's Frozen Foods, Inc. According to the release, Cleugh's is a third generation family business with annual revenues of in excess of US$50 million.
[6/17/2005] Sunset Brands Updates Acquisition of U.S. Mills; Company Sources Needed Financing
US-based Sunset Brands, Inc. (SSBN) has updated the status of its previously announced planned acquisition of U.S. Mills, Inc., saying that it has acquired the need financing and expects the transaction to close in the next few weeks.
[6/16/2005] Norway: Orkla takes over Collett Pharma
Norway-based Orkla ASA has announced that it has entered into an agreement to acquire all of the shares of Norway-based health products company Collett Pharma from Ferd Private Equity Fund, who took over the company as well as Pronova Biocare. As part of the transaction, Orkla will take over Pronova's European consumer business. Collett's current brands include Collett, Sanasol, Triomega, Picasol, Gerimax, Nutrilett and Dr. Fedon Lindberg's products.
[6/15/2005] Frutarom Acquires A.M. Todd's Flavoring Extracts Business
Israel-based Frutarom (UK:FRUT) has announced the acquisition of the Flavoring Extracts business of A.M. Todd Botanical Therapeutics in a transaction to be executed through Frutarom's subsidiary, Frutarom USA Inc. According to the company, the Flavorings Extracts business generated $1.8 million in sales for 2004.
[6/9/2005] NBTY Expands Market Presence in Canada With Acquisition of SISU Inc.
US-based supplement company NBTY, Inc. (NTY) has announced the acquisition of Canadian vitamin and supplement company SISU Inc. for $5.7 million (USD) in cash and the repayment of SISU's $2.5 million (USD) indebtedness. SISU had sales of approximately $14 million (USD) for the fiscal year ended September 30, 2004.
[6/7/2005] Premier Foods Snaps Up Quorn for £172m
According to an article in The Times Online, UK-based Premier Foods (owner of Typhoo Tea and Loyd Grossman sauces), has acquired UK-based Marlow Foods, the owner of meat substitute products company Quorn, in a deal worth £172 million.
[6/7/2005] NBTY to Acquire Solgar
US-based supplement company NBTY, Inc. (NTY) has announced that it has signed a contract to acquire substantially all the assets of Solgar Vitamin and Herb, a division of Wyeth Consumer Healthcare (Wyeth NYSE: WYE) for $115 million. According to the release, Solgar had 2004 sales of approximately $105 million, the transaction includes net assets of $64 million, and, subject to regulatory approvals, is expected to close by August 2005 with the purchase price adjusted based on actual net assets transferred at closing. According to MarketWatch, NBTY has said it is looking to boost its presence in the health food store market.
[6/6/2005] Naturex, S.A. and Pure World, Inc. Agree to the Acquisition of Pure World, Inc. by Naturex, S.A.
France-based Naturex, S.A. (Paris Bourse Eurolist C: 54694 NRX) and US-based ingredient company Pure World, Inc. have announced that they have entered into a definitive agreement for Naturex, S.A. to acquire Pure World, Inc. for U.S. $4.30 per share in cash, or approximately U.S. $36.8 million. According to the companies, the transaction is expected to be completed in late July of this year, with Pure World, Inc. becoming a wholly-owned subsidiary of Naturex, S.A.
[6/3/2005] SunOpta Completes Acquisition of Earthwise Processors
Canada-based natural and organic company SunOpta Inc. (CA:SOY) (STKL) has announced that it has completed the previously announced acquisition of the assets and business of Earthwise Processors, LLC (Earthwise), of Moorhead, Minnesota.