M&As this week: Amplify Snack Brands, Martin & Martin, Lion

Amplify Snack Brands has bought Boundless Nutrition, a fast-growing better-for-you snack food company, to grow its business in this segment.

Amplify’s portfolio including SkinnyPop Popcorn and Paqui Tortilla Chips will be strengthened by the addition of Boundless Nutrition’s popular Oatmega snack bars and Perfect Cookie.

Founded by Trevor Ross, Boundless Nutrition reported net sales of $7m last year.

Nestle Purina Petcare will be acquired by pet care and wellness company Martin & Martin in a transaction that is subject to approval of the South African competition authorities.

The move will see Martin & Martin acquiring local Purina brands and Nestle’s Purina manufacturing facility in N’dabeni, South Africa.

Australian food and beverage company Lion has procured Byron Bay Brewing in a bid to expand its brewery portfolio.

A subsidiary of Japan’s Kirin Holdings Company, Lion owns brands such as Little Creatures, James Squire, White Rabbit, Kosciusko and Knappstein in its craft beer portfolio.

Owned by Barry Schadel, Byron Bay Brewing plans to build its hospitality business through the transaction.

UK chocolate brand Elizabeth Shaw has been purchased by Polish food product distributor Colian Holdings in order to boost its overseas market.

Colian Holdings purchased 100% shares of Elizabeth Shaw from Imagine Capital in a £2.25m ($3.27m) transaction. Imagine Capital received £1.75m ($2.54m) as part of the acquisition, while the remaining amount has been deposited for 18 months in an escrow account as security.

The deal also gives Colian Holdings full control of Elizabeth Shaw subsidiary Famous Names.

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Image: Nestle Purina Petcare will be acquired by Martin & Martin. Photo: courtesy of Nestle.