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Butterfly Equity Explores Options for Protein Powder Maker Orgain May 12 2021, 3:43 PM May 12 2021, 4:10 AM May 12 2021, 3:43 PM (Bloomberg) Food-focused buyout firm Butterfly Equity is exploring options for its protein powder maker Orgain, according to people with knowledge of the matter. (Bloomberg) Food-focused buyout firm Butterfly Equity is exploring options for its protein powder maker Orgain, according to people with knowledge of the matter. The Los Angeles-based private equity firm is working with Goldman Sachs Group Inc. and Bank of America Corp. on a potential sale or an initial public offering, the people said, asking not to be identified because the information is private. ....
Pete & Gerry’s egg distributor sold to private equity firms Gary Locke of Monroe, N.H., retrieves an egg that was laid outside the nesting area in a barn that houses 20,000 chickens at Pete and Gerry s Eggs in Monroe, N.H., on Tuesday, October 1, 2013. Locke runs three barns at the farm, feeding, watering and checking for stray eggs. (Valley News - James M. Patterson) Copyright Valley News. May not be reprinted or used online without permission. Send requests to [email protected]. Jesse Laflamme, president of Pete and Gerry s, at his office in Lebanon, N.H., on Sept. 26, 2018. (Valley News - Jennifer Hauck) Copyright Valley News. May not be reprinted or used online without permission. Send requests to [email protected]. ....
Dive Brief: Campbell Soup said it will sell its Plum Organics brand to Sun-Maid Growers of California for an undisclosed amount, the companies said in a statement. The deal is expected to close this spring. Plum, which makes organic baby food and kids snacks, was purchased by Campbell Soup in 2013. The sale is part of our ongoing strategic process to create even greater focus on driving growth in the division s core categories of soup, sauces and beverages, said Chris Foley, Campbell’s president of meals and beverages. The divestiture marks the latest deal CEO Mark Clouse has made to unwind some purchases made by Campbell Soup s former CEO Denise Morrison. In recent years, the soup maker has refocused its operations on its packaged food business, exiting an earlier move into fresh foods that proved to be costly and challenging. ....