Campbell Soup Company has invested $10 million in Chef’d, an e-commerce meal marketplace, becoming the company’s largest strategic investor. As a result of the move, Chef’d will give Campbell a seat on its board of directors. The company also will help Campbell build its infrastructure and the distribution of meal solutions through the Campbell’s Kitchen site, and offer Campbell insights on e-commerce business models, access to data analytics and insights on shopper behaviors. In addition, the two companies will test capabilities around product innovation and fulfilment during the three-year agreement.
Headquartered in El Segundo, CA, Chef’d offers consumers the opportunity to choose and reorder from hundreds of meals. It partners with notable chefs, culinary personalities and over 125 trusted brands in food, fitness, and health and wellness to offer over 1,000 meal solutions.
TreeHouse soup and infant feeding business sold
TreeHouse Foods, Inc.’s soup and infant feeding business has been sold to Riverbend Foods LLC, an affiliate of Insight Equity. Harris Williams & Co. served as the exclusive advisor to TreeHouse in the transaction, which will allow TreeHouse to concentrate on its core strategic growth initiatives.
Focusing primarily on private-label products for retail grocery and food-away-from-home customers, TreeHouse manufactures packaged foods and beverages in over 50 facilities in the US, Canada and Italy. It offers a range of packaging formats and flavor profiles, as well as natural, organic and preservative-free ingredients in many categories.
Harris Williams & Co., a member of The PNC Financial Services Group, Inc. is a preeminent middle-market investment bank focused on the advisory needs of clients worldwide. In recent years, its consumer group has completed more than 50 transactions across a variety of verticals, including food, beverage and agribusiness.
Pro Mach makes new acquisition
Pro Mach, Inc. has acquired Italy-based, global high-speed labeling solutions provider P.E. Labellers SpA. The acquisition will expand Pro Mach’s capabilities to provide high-speed decorative labeling and integrated solutions worldwide. All global subsidiaries and management teams of P.E. Labellers will join the Pro Mach team. Bruno Negri, co-founder and chairman of the board, and Nicola Schinelli, vice chair, will continue to lead the P.E. Labellers team.
Pro Mach is a leading provider of integrated packaging and processing products and solutions for food, beverage, consumer goods, pharmaceutical and other diverse companies. It provides product packaging and processing equipment, PMMI-certified trainers, installation, parts and service in bottling and capping, primary packaging, pharmaceutical packaging, flexible packaging, material handling, labeling and coding and end of line, as well as integrated solutions for complete packaging lines.
