Campbell Soup has announced that, effective Feb. 1, 2020, Carlos Abrams-Rivera, president of Campbell Snacks, will leave the company to accept a role at another corporation. Campbell has launched a search for a successor. Abrams-Rivera will continue to lead the Snacks division through the end of the company’s fiscal second quarter. At that time, Mark Clouse, president and CEO, will lead the Snacks division until a new leader is in place.
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.