Sobeys parent company to take over Longo’s

A significant Canadian grocery shake-up is on the cards. Nova Scotia-based chain Sobeys’ parent company, Empire, has agreed to buy the 51 per cent majority stake in independent Ontario grocery chain Longo’s in a deal worth $357 million. The deal, which would also see Empire acquire Longo’s online service Grocery Gateway, will add the business’ […]

MTY Food Group Inc. acquires Papa Murphy’s Holdings, Inc.

Press Release MTY Food Group Inc. is pleased to announce that it has completed the acquisition of Papa Murphy’s Holdings, Inc. through the consummation of a merger of its wholly-owned subsidiary, MTY Columbia Merger Sub, Inc., with and into Papa Murphy’s without a vote of the Papa Murphy’s stockholders in accordance with Section 251(h) of […]

McDonald’s to acquire Dynamic Yield, a developer of decision logic technology

Press Release McDonald’s Corporation and Dynamic Yield Ltd. today announced an agreement by which McDonald’s will acquire Dynamic Yield, a leader in personalization and decision logic technology. With this acquisition of Dynamic Yield, based in New York and Tel Aviv, McDonald’s builds on its significant technology investments for growth. McDonald’s will utilize this decision technology to provide an […]

MTY completes the acquisition of South Street Burger

Press Release MTY Food Group Inc. announced that pursuant to the announcement made on December 11, 2018, one of its wholly-owned subsidiaries has acquired substantially most of the assets of South Street Burger. The total consideration for the transaction is approximately $5.1 million, subject to customary post-closing adjustments. A total of approximately $4.1 million was paid on closing, financed from […]

Study finds acquisitions key to meal kit longevity

Press Release Meal kits as a product have massive potential and will see increasing demand, according to market research firm Packaged Facts in the report Meal Kits: Trend and Opportunities in the U.S., 3rd Edition. However, the current e-commerce subscription-centric business model is not working for many traditional players in the industry. These companies are trying to […]

Empire Company reaches agreement to acquire Farm Boy

Press Release Empire Company Limited announced today that it has signed an agreement to acquire Farm Boy, one of the most exciting, fastest growing and successful food retailers in the country, with 26 locations in Ontario and many more on the way, for a total enterprise value of $800 million. Farm Boy’s outstanding fresh format is an excellent […]

Diamond Estates Wines & Spirits announces acquisition of Backyard Vineyards

Press Release Diamond Estates Wines & Spirits Inc. is pleased to announce that it has today acquired Backyard Vineyards Inc. of Langley, British Columbia. This highly strategic transaction transforms Diamond Estates into a national producer of VQA wines and positions the company to build a major new winery in the internationally-recognized Okanagan Valley wine-producing region. The […]

MTY enters into an agreement to acquire the assets of Timothy’s World Coffee and Mmmuffins

Press release MTY Food Group Inc. has announced that one of its wholly-owned subsidiaries has signed an agreement to acquire the assets of Timothy’s World Coffee (www.timothyscafes.com) and Mmmuffins (www.mmmuffins.com), from Threecaf Brands, Canada, Inc., a subsidiary of Le Duff America, for an estimated consideration of $1.675 million. Under the terms of the agreement, MTY will acquire the […]