Mergers and Acquisitions

E. & J. Gallo Winery (Gallo) has acquired canned wine and spritzer manufacturer Bev after holding exclusive U.S. distribution rights for the brand for the last two years. 

The Ferrero Group will acquire Wells Enterprises, owner of such brands as Blue Bunny, Blue Ribbon Classics, Bomb Pop and Halo Top. 

The deal is expected to accelerate the modernization of Victoria’s Secret e-commerce platform and improve consumer experiences. 

The deal will bring the line of whole bean, roast, and ground packaged coffee, as well as K-Cup pods under the Nestlé umbrella, expanding its North America coffee portfolio.

Brown-Forman Corporation will purchase Diplomático Rum and related assets from Destillers United Group S.L. for an undisclosed amount.

Edgewell Personal Care Company is shifting responsibilities, announcing internal promotions as the company moves forward with the planned departure of Nick Powell, president of the brand’s international business. Learn more.

Church & Dwight will acquire the Hero Mighty Patch brand and acne treatment products in a $630 million cash and stock deal. 

As the Kellogg Company moves forward with its plan to separate three of its businesses, the company has made several key appointments to its North America Cereal Co. leadership team. Learn more.

While the integration process began immediately, the company expects the formal kick-off to occur in early 2023, and has so far defined the first four organizational layers of the restructure. Learn more.

PepsiCo is leveraging its beverage distribution capabilities to grow its reach with a pair of new agreements and investments.

3M intends to spin off its Health Care business, resulting in two public companies.

The acquisition creates three diversified food platforms at Eagle Food: snacks, baking, and meals and sides. Learn more.