M&As this week: Teasdale Foods, The Kashi Company, Oy Karl Fazer

Teasdale Foods has acquired tortilla-maker Mesa Foods in order to boost its business in the Hispanic foods category.

Private equity firm Snow Phipps Group is the majority shareholder in Teasdale Foods, a leading supplier of private label and branded Hispanic foods.

Under the terms of the acquisition, Mesa Foods will retain its management team while it will operate as a division of Teasdale Foods. Based in Louisville, US, Mesa Foods offers private-label tortillas, flatbreads, taco shells, taco kits and chips.

Kellogg’s Kashi Company has bought organic snack bars company Pure Organic from its founder Veronica Lehman as part of its expansion strategy.

Kashi Company is a producer and retailer of nutritious plant-based foods, including cereals, powders, entrees and snacks, while Pure Organic is a producer of organic nutrition bars and fruit snacks.

A supplier of bread, cakes, pastries and other bakery products, Pistrina Oy has been acquired by Finland’s Oy Karl Fazer in a transaction, which will allow Fazer to strengthen its operations in the artisanal bakery segment.

According to the terms of the acquisition, Fazer’s artisanal bakery business in Finland will be headed by Pistrina’s managing director.

Fazer is a leading producer of bakery and confectionery products, while Pistrina also operates bakeries.

F&N Foods will purchase vending machine provider Warburg for S$29m ($21.39m) in an all cash transaction.

The acquisition includes Warburg Vending, Warburg Engineering, and Warburg Vending Services. Under the terms of the acquisition, Warburg will continue to operate independently, and retain its key management team and employees.

F&N Foods is a manufacturer and distributor of dairy and food products, including pasteurised and canned milk, fruit juices and ice cream products. The company plans to increase its vending network through the acquisition.

South Korea’s leading food producer Daesang Corporation has acquired Vietnam’s Duc Viet Food Joint-Stock Company to target South East Asian food markets.

The 100% stake acquisition involves a consideration of KRW37.51bn ($31.87m) and 13 million shares of the company.

Duc Viet Food is a meat processing company and primarily engaged in the production and distribution of sausage and meat products.

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Image: Mesa Foods is a Kentucky-based tortilla and flatbread manufacturer. Photo: courtesy of celebratewoman via pixabay.