Specialty Food Magazine is the leading publication for retailers, manufacturers and foodservice professionals in the specialty food trade. It provides news, trends and business-building insights that help readers keep their businesses competitive.
Issue link: https://specialtyfoodmagazine.epubxp.com/i/912382
Cardenas Market Acquires Los Altos Ranch Market Cardenas Market has acquired Los Altos Ranch Market, integrat- ing Los Altos' seven Phoenix locations into the Cardenas operat- ing system. This acquisition expands Cardenas' footprint into the Arizona market, bringing its total number of stores to 53. Cardenas does not plan to make any operational changes to Los Altos during the transition period. The stores will be gradually integrated into Cardenas' operations. Sara Kay is the editorial and education content associate for the Specialty Food Association. FERRERO TO ACQUIRE FERRARA CANDY CO. The Ferrero Group will acquire Ferrara Candy Co. from L Catterton. Ferrero expects to operate Ferrara as a separate unit, to maintain Ferrara's headquarters in Oakbrook Terrace, Ill., and to maintain and leverage Ferrara's existing footprint with no further consolida- tion. Ferrara is best known for its Trolli gummy candies and Brachs seasonal candy. Ferrero's most popular U.S. brands include Ferrero Rocher pralines, Nutella hazelnut spreads, and Fannie May and Harry London chocolates. CONAGRA COMPLETES ANGIE'S ARTISAN TREATS ACQUISITION Conagra Brands Inc. has acquired Angie's Artisan Treats LLC, the maker of Angie's Boomchickapop popcorn, from TPG Growth. The acquisition is expected to modernize Conagra's portfolio and accelerate its growth. The Boomchickapop brand was founded by husband-and-wife entrepreneurs Dan and Angie Bastian, who will continue to actively support the business. AB INBEV BUYS REMAINING STAKE IN CIDER BREWERY Anheuser-Busch InBev has acquired the remainder of Virtue Cider Co., a maker of barrel-aged craft ciders. A-B InBev first acquired a majority stake in the brewery in 2015. The acquisition will quadruple the com- pany's cider production and expand distribution. THE RIVERSIDE CO. ACQUIRES SPECIALTY INGREDIENTS MAKER The Riverside Co. will acquire Parker Products, a producer of specialty ingredients for the baking, dairy, beverage, confectionery, ready-to- eat, snack, and foodservice indus- tries. Parker will join Riverside's portfolio of specialty food com- panies, which includes Tate's Bake Shop, Nustef Foods, Uinta Brewing Co., and YumEarth. Parker's leader- ship team will remain in place and will continue with plans to move operations to a new location in Fort Worth, Texas, in early 2018. It will triple production capacity. Walmart Buys Delivery Startup Walmart has acquired Parcel, a last mile delivery startup serv- ing New York City, for an undisclosed sum. Parcel delivers both perishable and non-perishable foods, same-day, overnight, and within two-hour windows, using routing algorithms, a fleet of leased vehicles, and a workforce that sorts, loads, and delivers packages. Walmart will use Parcel for deliveries from Walmart and Jet.com in NYC. article bug WINTER 2018 107