The acquisition is expected to increase scale in the food end market and add technologies and processing expertise.

Planting Hope acquires managed foodservice master agreements and university café licenses and up to $1 million in financing.

ifiGOURMET to be combined with AUI Fine Foods, Roland Foods’ sweet division.

The company has rebranded as SmartSights as part of the acquisition.

It is LKC’s sixth food brand acquisition to date since its founding in 2020 and the first in the U.S.

The company purchased a 78% stake, with the remaining shares continuing to be held by its founder, David Smith, and current investors.

The two companies will continue to operate independently in their home markets.

By focusing on its new facility in the U.S., the company says it will strengthen the infant formula supply chain in America.

The company has signed an agreement to acquire Kevin’s, which will operate as a standalone business.

TDB’s existing management team will continue to lead the company in their current roles. Financial terms of the transaction were not disclosed.