M&As this week: Longtable Group, Conagra Brands, Hola Nola Foods

Longtable Group has entered an agreement to acquire Saint David Dairy for $15.25m.

Formerly known as Primary Opinion, Longtable Group will pay $12.25m in cash and $3m in shares under the agreement.

Based in Australia, Longtable Group is a manufacturer and seller of food and beverage products, while Saint David Dairy is a premium inner-city dairy business.

The acquisition will expand Longtable Group’s business.

Conagra Brands plans to acquire all of the outstanding shares of Pinnacle Foods for $10.9bn.

The shareholders of Pinnacle Foods will receive $43.11 a share in cash and 0.6494 of Conagra Brands shares for each share held.

Based in the US, Conagra Brands is a producer of packaged food for retailers, restaurants and institutions, while Pinnacle Foods is a producer and distributor of convenience products.

The acquisition is in line with Conagra Brands’ transformation plan. It is expected to expand and strengthen the company’s business.

Hola Nola Foods has purchased the assets of NatureStar Foods.

Following the transaction, Hola Nola Foods will operate NatureStar Foods’ distribution facility in the Chicago metropolitan area. It will also meet the needs of existing and future customers located in the Midwestern region of the US.

Hola Nola Foods is a manufacturer and supplier of tortillas, tortilla chips, salsa and popcorn, while NatureStar Foods is a manufacturer of hummus and tortilla chips under the Plocky’s brand.

Middleby has completed a $1bn acquisition of Taylor Company from UTC Climate, Controls & Security.

Middleby is a manufacturer of food processing equipment, while Taylor Company manufactures soft-serve ice cream dispensing equipment, frozen drink machines and automated double-sided grills. UTC Climate, Controls & Security is a provider of building technologies and services.

All the companies involved in the transaction are based in the US.

The purchase will enable Middleby to strengthen and expand its position in the commercial foodservice industry.

Hot Shots Distributing has acquired CaJohns Fiery Foods.

Both companies involved in the transaction are suppliers of hot sauce, barbecue sauce, salsa and other chilli-based food products. They are also both based in the US.

Hot Shots Distributing will gain ownership of the CaJohns brand and all of CaJohns Fiery Foods recipes and product brand names following the transaction.