M&A Deal Summary

Bolthouse Farms Acquires Evolution Fresh

On May 24, 2022, Bolthouse Farms acquired beverage company Evolution Fresh from Starbucks

Acquisition Highlights
  • This is Bolthouse Farms’ 1st transaction in the Beverages sector.
  • This is Bolthouse Farms’ 2nd transaction in the United States.
  • This is Bolthouse Farms’ 1st transaction in California.

M&A Deal Summary

Date 2022-05-24
Target Evolution Fresh
Sector Beverages
Buyer(s) Bolthouse Farms
Sellers(s) Starbucks
Deal Type Divestiture

Target

Evolution Fresh

San Bernardino, California, United States
Evolution Fresh delivery truck in San Diego, California.
Evolution Fresh delivery truck in San Diego, California.
Evolution Fresh is a producer of premium, all-natural juices. Evolution uses a pasteurization process known as high-pressure processing (HPP) to ensure flavor, freshness, and nutrition. Evolution Fresh was founded in 1995 and is based in San Bernardino, California.

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Buyer(S) 1

Buyer

Bolthouse Farms

Bakersfield, California, United States

Category Company
Founded 1915
Sector Beverages
DESCRIPTION

Bolthouse Farms is a vertically integrated carrot and premium beverage manufacturer and distributor serving a broad customer base, including traditional retail grocery stores, mass merchants, club stores, and the natural foods channel. Bolthouse Farms was founded in 1915 and is based in Bakersfield, California.


DEAL STATS #
Overall 2 of 2
Sector: Beverages M&A 1 of 1
Type: Divestiture M&A Deals 2 of 2
State: California M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-25 Rousseau Farming Co. s Carrot Operations

Arizona, United States

Rousseau Farming Co.'s Carrot Operations helps in providing customers more locally-grown carrots.

Buy -

Seller(S) 1

SELLER

Starbucks

Seattle, Washington, United States

Category Company
Founded 1971
Sector Beverages
Employees361,000
Revenue 36.2B USD (2024)
DESCRIPTION
Starbucks' corporate headquarters in Seattle, Washington.
Starbucks' corporate headquarters in Seattle, Washington.

Starbucks is a roaster, marketer, and retailer of specialty coffee. Starbucks purchases and roasts high-quality coffees that the Company sells, along with handcrafted coffee, tea, and other beverages and a variety of fresh food items, including snack offerings, through company-operated stores. Starbucks also sells a variety of coffee and tea products and licenses its trademarks through other channels such as licensed stores, grocery, and food service accounts. Starbucks was founded in 1971 and is based in Seattle, Washington.


DEAL STATS #
Overall 2 of 3
Sector: Beverages M&A 2 of 2
Type: Divestiture M&A Deals 2 of 3
State: California M&A 1 of 1
Country: United States M&A 2 of 3
Year: 2022 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-02 Tazo Tea Co.

Portland, Oregon, United States

Tazo Tea Co. is a manufacturer and distributor of ready-to-drink tea. Tazo Tea Co. was founded in 1994 and is based in Portland, Oregon.

Sell $384M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-19 Seattle s Best Coffee

Seattle, Washington, United States

Seattle's Best Coffee is a provider of specialty coffee franchises in 12 countries. The company provides whole bean, roast and ground packaged coffee, and K-Cup pods are available in a variety of roasts and flavor profiles across both foodservice and grocery channels. Seattle's Best Coffee is based in Seattle, Washington.

Sell -