Conagra Brands has entered into a 15-year service agreement with SolAmerica Energy to place eight acres of solar panels on the company’s St. Elmo, Ill. facility property. The energy generated by the photovoltaic array will be equivalent to the amount needed to produce approximately 35% of all Wish-bone salad dressings as well as Log Cabin and Mrs. Butterworth’s syrups which are produced at the facility.
Work on the 2-megawatt system is set to begin this winter with completion slated for spring 2020.
“At Conagra Brands, we strive to be mindful of our impact on the environment,” said Katya Hantel, director of sustainable development for Conagra Brands. “Exploring renewable energy technologies is just one of the many ways the company is investing in a more sustainable future.”
Purity Organic, an organic food company based in Oakland, Calif., has announced the acquisition of Dunn’s River Brands, maker of Sweet Leaf Tea and Tradewinds Beverage Co.
Califia Farms, maker of plant-based milks and ready-to-drink coffee, has raised $225 million from global investors in a series D financing round.
U.S. quick-service restaurant (QSR) chains, which represent the bulk of industry transactions, had four consecutive weeks of transaction increases in the retail month of December and were the primary contributor to the total industry gains in the month, according to The NPD Group.
TreeHouse Foods has announced the dissolution of the previously announced agreement to sell its ready-to-eat (RTE) cereal business to Post Holdings.
Cott has entered into a definitive agreement pursuant to which Cott will acquire Primo Water for $14 per share, a transaction that values Primo at approximately $775 million.