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
Carlsberg has announced the departure of its chief financial officer (CFO), Heine Dalsgaard, after six years in the position. In a statement, Carlsberg said that Dalsgaard was resigning from the post to take up the role of CFO at a private equity-backed company in a different industry.
Kellogg will split into three independent companies to focus on the snack business, Reuters reported Tuesday. The snacking portfolio will comprise the main business, while the North America cereal unit and the plant-based business will be spun off. The company is also considering a sale of the plant-based business.
The snacks giant says the acquisition will help build on its commitment to “lead the future of snacking” in key geographies worldwide. Once the transaction is completed, Mondelēz will continue to operate the Clif Bar business from its headquarters in Emeryville, California. The snack giant will also continue to manufacture Clif Bars’ products, which include Clif Bar, Luna and Clif Kid, at its facilities in Idaho and Indiana.