News on Mergers and Acquisitions from the United States

Convenience stores are intensifying their focus on foodservice offerings to drive foot traffic, in-store sales growth and frequency of repeat visits. Strong consumer interest in prepared foods, commissary and beverage options has led convenience stores, often referred to as c-stores, to compete much more aggressively with quick service restaurants and fast-food chains.

PepsiCo, Inc. has announced that it has closed the acquisition of Garza Food Ventures LLC, dba Siete Foods, for USD 1.2 billion. Over the past two decades, PepsiCo has transformed its portfolio to include great-tasting convenient foods and drinks that are nutritious, enjoyable, and fit consumers' lifestyles.

JBT Marel Corporation (NYSE and Nasdaq Iceland: JBTM) has completed the settlement of its voluntary takeover offer to acquire all validly tendered shares of Marel hf.

Post Holdings, Inc. (NYSE: Post), a consumer packaged goods holding company, announced today it has agreed to acquire Potato Products of Idaho, L.L.C. .

PepsiCo, Inc. has announced its agreement to acquire the remaining 50% interest in Sabra Dipping Company, LLC (Sabra) and PepsiCo-Strauss Fresh Dips & Spreads International GmbH (Obela) and become the sole owner of these companies, which make Sabra and Obela products.

The Middleby Corporation has announced the acquisition of JC Ford, a leading manufacturer of tortilla production equipment systems. Founded in 1945, the company is based in Columbia, Tenn., with USD 70 million in annual revenues.

One Rock Capital Partners, LLC has announced that an affiliate has entered into an exclusive agreement relating to the planned acquisition of Europe Snacks (the "Company"), a leading private label manufacturer of savory snacks for the European market.

Mars, Incorporated has announced a definitive agreement to acquire Kellanova for USD 83.50 per share in cash, with the total deal valued at USD 35.9 billion. It makes Mars owner of brands such as Pringles®, Cheez-It®, Pop-Tarts®, Rice Krispies Treats® and NutriGrain®

Snack manufacturer Utz Brands, Inc. has announced that certain of its subsidiaries including Utz Quality Foods, LLC have entered into a definitive agreement for the sale of certain assets to Our Home™ ("Our Home").

JBT and Marel hf. have executed a definitive transaction agreement related to JBT’s previously announced intention to make a voluntary takeover offer for all the issued and outstanding shares of Marel.

Utz Brands, Inc., a leading US based manufacturer of branded salty snacks, has announced that certain of its subsidiaries including Utz Quality Foods, LLC have entered into a definitive agreement for the sale of certain assets and brands to Our Home™

Clayton Dubilier & Rice has announced that it has entered into a definitive agreement for funds it manages to acquire Shearer's Foods

Duravant LLC , a global engineered equipment and automation solutions provider to the food processing, packaging, and material handling sectors, has announced that it has acquired PPM Technologies from Stonehenge Partners.

Kellogg Company (NYSE: K) announced the filing of a Form 10 registration statement with the U.S. Securities and Exchange Commission (SEC) relating to the Company's previously announced plan to separate into two businesses

Kellogg Company recently unveiled the names for the future companies it will create through its planned separation into two industry-leading, public companies focused on global snacking and North American cereal.

Following their merger in August 2022, Information Resources, Inc. ("IRI") and The NPD Group ("NPD") unveiled a new combined company name and brand identity: Circana.

Conn’s Potato Chip Company announced on January 13 it has obtained a brand licensing agreement with Mikesell’s and will begin to produce the chip brand in Zanesville effective immediately.

Mikesell’s, a snack food company based in Dayton, Ohio, has announced it will be closing after more than 100 years in business. Luke Mapp, President of Mikesell’s, thanked the community, consumers, and partners for their support over the past 112 years.