Content about Acquisition

April 17, 2014

Post Holdings plans to acquire Michael Foods and its related entities for $2.45 billion. The acquisition is expected to be completed in the second quarter of 2014, subject to customary closing conditions.

Post Holdings plans to acquire Michael Foods and its related entities for $2.45 billion. The acquisition is expected to be completed in the second quarter of 2014, subject to customary closing conditions.

Michael Foods is a leading packaged goods company providing value-added food products and service solutions to customers in the foodservice, retail and food ingredient channels. The company holds leading market positions in each of its three segments and produces a broad range of value-added egg products, potato products and cheese and dairy-case foods.

April 15, 2014

Bauer Performance Sports, a leading designer and manufacturer of high performance sports equipment and apparel, has completed the acquisition of the Easton Baseball/Softball business from Easton-Bell Sports.

Bauer Performance Sports, a leading designer and manufacturer of high performance sports equipment and apparel, has completed the acquisition of the Easton Baseball/Softball business from Easton-Bell Sports.

Under the terms of the asset purchase agreement, BPS acquired Easton Baseball/Softball for a total all-cash consideration valued at $330 million, plus a working capital adjustment and fees. BPS expects the acquisition to be accretive to adjusted earnings per share in the first year of ownership.

April 10, 2014

The Wild Oats brand will begin appearing on Walmart shelves this month as the retailer plans to offer 100 low priced organic dry grocery items.

The Wild Oats brand will begin appearing on Walmart shelves this month as the retailer plans to offer 100 low priced organic dry grocery items.

April 4, 2014

The Bear Creek Country Kitchens brand is now part of the B&G Foods portfolio of brands following B&G’s acquisition of the dry soup line and other brands from Specialty Brands of America.

The Bear Creek Country Kitchens brand is now part of the B&G Foods portfolio of brands following B&G’s acquisition of the dry soup line and other brands from Specialty Brands of America.

The Bear Creek brand of hearty dry soups is the largest brand in the Specialty Brands of America portfolio which also includes Spring Tree, Cary’s and MacDonald’s brand pure maple syrups, New York Flatbreads and Canoleo margarine.

April 3, 2014

Online home goods retailer Tablesets.com said digital innovator Weihu Yan has made an investment in and joined the company as a strategic advisor.

Online home goods retailer Tablesets.com said digital innovator Weihu Yan has made an investment in and joined the company as a strategic advisor.

April 2, 2014

Robert M. Long, former president, CEO and chairman of Longs Drug Stores passed away March 27 due to complications, which occurred as a result of inclusion body myositis.

Robert M. Long, former president, CEO and chairman of Longs Drug Stores passed away March 27 due to complications, which occurred as a result of inclusion body myositis.  

Long was a well-known industry veteran having led Longs Drug Stores for more than 20 years. His retirement from the Walnut Creek, Calif.-based pharmacy retailer as CEO in 2000 marked the first time that a member of the founding family was not heading the company.

March 25, 2014

Gordmans Stores president and CEO Jeff Gordman has resigned his post. According to the company, he is retiring to spend more time with his family as well as to pursue outside interests. Board chairman T. Scott King will serve as interim CEO while the company searches for Gordman’s successor.

Gordmans Stores president and CEO Jeff Gordman has resigned his post. According to the company, he is retiring to spend more time with his family as well as to pursue outside interests. Board chairman T. Scott King will serve as interim CEO while the company searches for Gordman’s successor.

March 5, 2014

Revlon said fourth quarter sales increased 28%, thanks to the inclusion of sales at The Colomer Group, which it acquired in October.

Revlon said fourth quarter sales increased 28%, thanks to the inclusion of sales at The Colomer Group, which it acquired in October.

Net sales for the quarter totaled $491 million, up 28% compared with $383.5 million in the year-ago period. On a foreign currency fluctuations or XFX basis, total net sales rose 31.2%, benefiting from the inclusion of $116.8 million of net sales related to the Professional segment beginning on The Colomer Group acquisition date. Excluding the acquisition, total net sales rose 0.7% on an XFX basis.

February 26, 2014

Discount Coupons has acquired Daily Deal Builder (DDB), a Daily Deal software and solutions provider.

Discount Coupons has acquired Daily Deal Builder (DDB), a Daily Deal software and solutions provider.

DDB’s software platform allows anyone to set up, manage and host a feature-rich Daily Deal or coupon website. Currently, more than 150 companies in the U.S. and abroad utilize DDB as their Daily Deal software provider. DDB Founders Marc and Tyler Horne will remain with DDB and form part of the company's growing staff.

February 24, 2014

eBay and billionaire investor Carl Icahn are engaging in a public war of words that was ignited by an open letter Icahn sent to eBay shareholders Monday, Feb. 24. In the letter, Icahn accused eBay CEO John Donahoe of ignoring conflicts of interest on its board and called for the company to spin off PayPal.

eBay and billionaire investor Carl Icahn are engaging in a public war of words that was ignited by an open letter Icahn sent to eBay shareholders Monday, Feb. 24. In the letter, Icahn accused eBay CEO John Donahoe of ignoring conflicts of interest on its board and called for the company to spin off PayPal.

February 19, 2014

Signet Jewelers is in the process of acquiring all issued and outstanding stock of Zale for $21 per share in cash consideration. The transaction brings together two leading jewelry retailers with six brands available across three countries with combined sales of $6.2 billion.

Signet Jewelers is in the process of acquiring all issued and outstanding stock of Zale for $21 per share in cash consideration. The transaction brings together two leading jewelry retailers with six brands available across three countries with combined sales of $6.2 billion.

February 18, 2014

Health and beauty pioneer Horst Rechelbacher died at his home in Osceola, Wis., at the age of 72 after a battle with pancreatic cancer.

Health and beauty pioneer Horst Rechelbacher died at his home in Osceola, Wis., at the age of 72 after a battle with pancreatic cancer.

February 13, 2014

Acosta Sales & Marketing acquired Anderson Daymon Worldwide, a sales and marketing agency focused exclusively on Costco.

Acosta Sales & Marketing acquired Anderson Daymon Worldwide, a sales and marketing agency focused exclusively on Costco.

Anderson Daymon Worldwide has had a relationship with Costco since 1983 and currently has 200 employees and 11 regional offices in the United States and the United Kingdom. The company exclusively serves Costco. As part of the transaction, Daymon Worldwide, which operates a product demonstration division called Interactions, will no longer hold an interest in the Costco business and will not be affiliated with the newly created Acosta division.

February 11, 2014

Helen Bryan has become the second author in the Amazon Publishing stable of writers to surpass 1 million copies in combined print, audio and Kindle editions.

Helen Bryan has become the second author in the Amazon Publishing stable of writers to surpass 1 million copies in combined print, audio and Kindle editions.

Bryan, author of historical novels "War Brides" (2012) and "The Sisterhood" (2013), follows Amazon Publishing author Oliver Pötzsch over the 1 million threshold.

February 10, 2014

Hudson’s Bay CFO Michael Culhane has resigned his spot following a leave of absence from the company. The news comes two weeks after the company brought in Douglas Scovanner as EVP of finance and accounting on an interim basis to support company president Donald Watros, who assumed the role of acting CFO.

Hudson’s Bay CFO Michael Culhane has resigned his spot following a leave of absence from the company. The news comes two weeks after the company brought in Douglas Scovanner as EVP of finance and accounting on an interim basis to support company president Donald Watros, who assumed the role of acting CFO.

February 5, 2014

Anheuser-Busch plans to purchase Blue Point Brewing Co., one of the nation's top craft brewers with more than 40 beers and sales concentrated along the East Coast. Terms of the agreement were not disclosed.

Anheuser-Busch plans to purchase Blue Point Brewing Co., one of the nation's top craft brewers with more than 40 beers and sales concentrated along the East Coast. Terms of the agreement were not disclosed.

Blue Point was founded by Mark Burford and Peter Cotter 15 years ago in Patchogue, N.Y., where the brewery will continue to operate. Anheuser-Busch also plans to invest in the brewery to grow its operational capabilities and enhance the consumer experience in the next few years.

January 24, 2014

The Home Depot has acquired Blinds.com, the Houston-based online window coverings retailer.

The Home Depot has acquired Blinds.com, the Houston-based online window coverings retailer.

In explaining the appeal of the partnership, Home Depot cited Blinds.com's integrated user experience, on-demand staff and knowledge base.

January 15, 2014

Lifetime Brands, manufacturers of brands such as Farberware, KitchenAid and Guy Fieri, has acquired Thomas Plant (Birmingham) Limited.

Lifetime Brands, manufacturers of brands such as Farberware, KitchenAid and Guy Fieri, has acquired Thomas Plant (Birmingham) Limited.

January 14, 2014

The Hain Celestial Group, an organic and natural products company, has acquired Tilda Limited, a Basmati and specialty rice products company. Tilda brand's portfolio includes more than 60 dry rice and ready-to-eat products under the names Tilda, Akash Basmati and Abu Shmagh.

The Hain Celestial Group, an organic and natural products company, has acquired Tilda Limited, a Basmati and specialty rice products company. Tilda brand's portfolio includes more than 60 dry rice and ready-to-eat products under the names Tilda, Akash Basmati and Abu Shmagh.

January 8, 2014

Groupon has named Tamer Tamar as SVP of international operations and Sri Subramaniam as VP of engineering for smart deals.

Groupon has named Tamer Tamar as SVP of international operations and Sri Subramaniam as VP of engineering for smart deals.

“We’re thrilled to have Tamer and Sri join Groupon and bring their incredible talent to our expanding bench of senior executives,” said CEO Eric Lefkofsky. “Tamer and Sri will accelerate Groupon’s plans to grow our international operations and deliver more and more relevant deals to our customers throughout the world.”

January 3, 2014

Raj Jain, the former head of a joint venture between Walmart and Bharti Enterprises, has joined Bharti Retail as CEO.

Raj Jain, the former head of a joint venture between Walmart and Bharti Enterprises, has joined Bharti Retail as CEO.

Jain spent six years with the joint venture, Bharti Walmart, most recently serving as president of Walmart India. He left the joint venture in June 2013, four months before Walmart and Bharti announced they would independently pursue retail opportunities in India.

Joining Jain at Bharti Retail is his former joint venture colleague Panka Madan who will serve as CFO. Madan also served as CFO of Bharti Walmart but left the joint venture in 2012.

December 23, 2013

A 1,500-store market potential and an untapped online opportunity await Michaels Stores in 2014 as the retailer’s private equity owners look to sell a portion of their stake and return the nation’s largest arts and crafts retailer to public ownership.

A 1,500-store market potential and an untapped online opportunity await Michaels Stores in 2014 as the retailer’s private equity owners look to sell a portion of their stake and return the nation’s largest arts and crafts retailer to public ownership.
 

December 19, 2013

North America’s largest chocolate producer has acquired an 80% ownership interest in the manufacturer of China’s popular Golden Monkey confectionary and snacks brand.

North America’s largest chocolate producer has acquired an 80% ownership interest in the manufacturer of China’s popular Golden Monkey confectionary and snacks brand.

December 2, 2013

Leading cloud services provider Akamai Technologies strengthened its ability to protect the Internet with the acquisition of security solutions firm Prolexic.

Leading cloud services provider Akamai Technologies strengthened its ability to protect the Internet with the acquisition of security solutions firm Prolexic.

November 26, 2013

Leading data collection and mobile research provider Field Agent added new insights capabilities to its solutions offering with the acquisition of CORE4 Research.

Leading data collection and mobile research provider Field Agent added new insights capabilities to its solutions offering with the acquisition of CORE4 Research.