After expanding to mainstream retailers like Walmart and Whole Foods, Bellvue’s Noosa Yoghurt may be looking for a buyer, according to a report in the New York Post.
The paper cited two unnamed sources that Noosa’s private equity owner Advent International may have tapped Deutsche Bank to sell the company. Noosa, which had $170 million in sales last year, is seeking $600 million, according to the paper.
Reached Thursday, Noosa spokesman Rich Goldblatt declined to comment “on market speculation or rumors.”
Earlier in the day, Gov. John Hickenlooper gave a shout out to the local whole-milk yogurt producer during his State of the State address.
“Seven years ago, Robert Graves, a fourth-generation dairy farmer in Bellvue, Colorado, started making an Australian style yogurt…which you can now buy in all fifty states,” said Hickenlooper, in highlighting some of the state’s top entrepreneurs in rural communities. “Noosa yogurt is in all 50 states and has annual revenues of over two-hundred million dollars.”
Source: The Denver Post
Temperature-controlled storage and logistic solution provider, Emergent Cold LatAm, has opened ‘Chile’s largest’ frozen food warehouse. Located in Talcahuano, a region renowned for its seafood and fruit production and exports, the warehouse represents a strategic enhancement of the local cold chain infrastructure.
Never Never gin will be sold through Asahi’s alcohol division, Carlton & United Breweries (CUB). According to the company, the acquisition – which won’t impact daily operations – will enable Never Never’s premium gin to reach a wider customer base while enhancing support and product offerings for existing customers.
Coca-Cola Europacific Partners (CCEP) announced today the forthcoming departure of Nik Jhangiani, senior vice president and chief financial officer, with plans underway to identify his successor. Jhangiani will be stepping down to assume the role of CFO at Diageo later this year.
