CANADA: Stake to acquire Kettle Valley Dried Fruit
Natural and organic food producer and distributor Stake Technology it to acquire fruit bar and snack maker Kettle Valley Fried Fruit for an undisclosed amount.
Kettle Valley, which is privately held, operates two plants in Summerland, British Colombia, and is currently building a third pant in Washington State in the US, reported the Canadian Press.
As well as producing natural and organic fruit bars and other apple-based products sold under the Kettle Valley Real Fruit Snack and Frunola brands, the company also produces private-label products for customers in Canada, the UK and the US.
"We see a significant opportunity to grow our consumer products business in the natural and organic snack food sector and see Kettle Valley as an excellent addition to our consumer products group,'' said Jeremy Kendall, chairman and CEO of Toronto-based Stake.
The deal is expected to be closed in April.
Earlier this summer, Singapore paid host to Natural Products - Organic Asia 2005. Despite the show's title, there was less emphasis on organic principles, and a greater focus on health foods, such as...
As organic food continues to move into the mainstream, a wealth of companies, from the family-run to the multinational, are taking advantage of this popularity, with new products and line extensions. ...
The organic market appears to be going from strength to strength, especially if this year's BioFach exhibition is anything to go by. With over 2,000 exhibitors from 70 countries and more than 30,000 v...
Natraceutical, a spin-off of Spanish food group Natra-Zahor, has unveiled ambitious expansion plans, spurred on by growth in the functional foods market. With such high levels of interest in healthy f...
The Australian state of Victoria is investing in a programme to identify new opportunities for its food and agriculture industries. As part of this initiative the government conducted extensive resear...
Innovation is king - or is it? Fear of legislation or simple lack of imagination has depressed innovation in the food sector for a couple of years. Brand extensions and me-too copycats are not the sam...
The UK's largest organic sector body, the Soil Association will today (Tuesday) urge the new minister for organic food and farming, Lord Bach to support high welfare standards in organic poultry farmi...
Japanese retailer Seiyu is planning to improve its own-label product offering in a bid to boost sales and earnings....
- It won't just be Unilever to push for Brexit hikes
- Price an underlying tension across European FMCG
- Danone's Q3 sales - what the analysts say
- Interview: UK trade body on Brexit's policy impact
- Interview: UK trade body on the impact of Brexit
- Nestle lowers outlook on "softer environment"
- PepsiCo sets 2025 nutrition, sustainability goals
- China "transition" drags on Danone Q3
- UK announces "action plan" to drive food exports
- CP Foods invests in UK foodservice firm Foodfellas
- The Big 15: Strategies and Priorities of Top Packaged Food Players in Comparison
- Omega-3 in Food and Beverage:Time for a Reboot?
- Constellation Brands, Inc. (STZ) - Financial and Strategic SWOT Analysis Review
- Global Food Packaging: Innovating for Greater Convenience and Quality Image
- Packaged Food: Quarterly Statement Q3 2016