Week Ending November 6, 2020
FEATURED PROPERTY
FOR LEASE | 1429 Boulder Boulevard, Valmeyer, IL
105,017 SF cold storage and food processing building available for sublease. Includes refrigeration, processing, freezer and office.
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WEEKLY HEADLINES
Quirch Foods completes merger with Colorado Boxed Beef
Founded in 1975, CBBC’s protein product offerings include brands such as High River Angus and Smokey Ridge, which it supplies to ethnic grocers and food service distributors.
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Inspire Brands to acquire Dunkin’ Brands for $11.3B
Inspire is a multi-brand restaurant company with a current portfolio that includes more than 11,000 Arby’s, Buffalo Wild Wings, SONIC Drive-In, and Jimmy John’s restaurants worldwide.
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The surge in produce snacking
While pandemic stress has undoubtedly driven a segment of U.S. consumers into the arms of comforting, high-calorie snacks, it has also led to a wave of healthy munching inspired by the produce section.
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Sales of frozen foods soar
Sales of frozen foods are outpacing dry edible grocery at K-VA-T and Food City stores, with everything from meals to meal components, ice cream and pizza doing well.
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FEATURED ARTICLE
Nestlé acquires healthy meal startup Freshly for up to $1.5B
Nestlé USA just announced that it has acquired Freshly for $1.5 billion — $950 million plus potential earnouts of up to $550 million based on future growth. Founded in 2015, Freshly is a New York City-based startup that offers healthy meals delivered to your home in weekly orders, which can then be prepared in a few minutes in your microwave or oven. So you get the benefit of fresh, healthy meals but — unlike signing up with a meal kit startup — you don’t have to spend a lot of time cooking them yourself. MORE >
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