The transactions are subject to customary closing conditions and are expected to close by the end of 2024.

Lancaster Colony Corporation and its wholly owned subsidiary, T. Marzetti Company, manufacture and sell specialty food products for the retail and foodservice channels.

Situated on 15 acres, the 178,000-sq.-ft. facility maintains 32-ft. clear heights, 29 loading docks, 236 parking spaces and 116,000 sq. ft. of freezer space.

The pace of M&A activity in the food and beverage sector has trended much slower in 2024 compared to recent years, but several indicators suggest a pickup in activity.

Known for its range of sun-dried fruits including tomatoes, apricots, cherries and berries, Traina Foods is poised to expand its sun-dried tomato offerings.

KDP will initially purchase a 60% stake in GHOST, which will be followed by the acquisition of the remaining 40% stake in 2028.

The acquisition aligns seamlessly with Amass Brands Group's overarching strategy to expand its presence in key segments of the spirits market.

PepsiCo says the acquisition will complement its portfolio with the addition of an authentic, Mexican-American brand, while also growing its better-for-you food offerings.

SmartSights has acquired Sage Clarity, provider of a suite of apps that enable more effective gathering and analyzing of manufacturing activity data.

Inflation and changing consumer habits forced companies to get creative in terms of maintaining margins, and pet food is going strong.