Family-owned food giant Mars Inc on Wednesday agreed to buy Kevin's Natural Foods, which is known for its sous-vide meals, sauces, and side dishes, the companies said.
The deal values private equity-backed Kevin's at nearly $800 million, according to people familiar with the matter. Kevin's started exploring options, which included a sale of the company, earlier this year.
In petcare, Mars operates brands like Pedigree, Whiskas, and Royal Canin, and it recently expanded its footprint in the sector through the acquisition of veterinary equipment firm Heska Corp. "We are trying to deliver on a mission we have to enable healthier and more flavorful diets for consumers worldwide, while Kevin's is trying to empower the busiest people to eat clean without sacrificing flavors," Shah said in an interview.Modesto, California-based Kevin's, which counted private equity firms TowerBrook Capital Partners and NewRoad Capital Partners among its backers, was co-founded in 2019 by Dan Costa, Kelsie Costa-Olson, and Kevin McCray.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Mars to buy healthy food maker Kevin's Natural FoodsMars Inc on Wednesday agreed to buy Kevin's Natural Foods, which is known for its sous-vide meals, sauces, and side dishes, the companies said.
Lire la suite »
8 Best Organic Foods To Buy at Costco Right NowFrom fan-favorite snacks to basic pantry staples, these are some of Costco's most popular organic products right now.
Lire la suite »
On this day in history, July 5, 1937, SPAM is introduced by Hormel FoodsThe processed meat in a can known as SPAM was introduced on this day in history, July 5, 1937. The product is now sold in 11 varieties around the world.
Lire la suite »
IBS study: Helping patients find food triggers fasterThe process of elimination to find IBS trigger foods can take up to four months. But a new blood test, called inFoods, can cut that time down to two to four weeks.
Lire la suite »
2023 OC Fair: From chicken skewers to salad, here’s your guide to new foodsFood concessions have come up with several new and exclusive items for this year’s fair, opening July 14 in Costa Mesa.
Lire la suite »