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  6. Flagstone Foods Acquires Emerald Nuts

M&A Deal Summary

Flagstone Foods Acquires Emerald Nuts

On May 30, 2023, Flagstone Foods acquired food company Emerald Nuts from Campbell s

Acquisition Highlights
  • This is Flagstone Foods’ 3rd transaction in the Food sector.
  • This is Flagstone Foods’ 3rd transaction in the United States.
  • This is Flagstone Foods’ 1st transaction in North Carolina.

M&A Deal Summary
Date 2023-05-30
Target Emerald Nuts
Sector Food
Buyer(s) Flagstone Foods
Sellers(s) Campbell s
Deal Type Divestiture

Target

Emerald Nuts

Charlotte, North Carolina, United States
Emerald Nuts is a manufacturer of snack nuts, culinary nuts, trail mixes and other nut-based snacks. Emerald Nuts is based in Charlotte, North Carolina.

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Buyer(S) 1

Buyer

Flagstone Foods

Minneapolis, Minnesota, United States
Category Company
Founded 2010
Sector Food
DESCRIPTION

Flagstone Foods is a manufacturer and distributor of private-label snacks for retailers and foodservice providers. The Company produces a range of nuts, trail mixes, and dried fruit products, offering product development, roasting, seasoning, and packaging capabilities. Flagstone Foods was founded in 2010 and is headquartered in Minneapolis, Minnesota.

DEAL STATS #
Overall 3 of 3
Sector: Food M&A 3 of 3
Type: Divestiture M&A Deals 1 of 1
State: North Carolina M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-15 Amport Foods

Minneapolis, Minnesota, United States

Amport Foods is a provider of high-quality private label and branded snack foods, including dried fruits, nuts, trail mixes, and other wholesome snack food products, as well as related processed ingredients. Amport Foods was founded in 1962 and is based in Minneapolis, Minnesota.

Buy -

Seller(S) 1

SELLER

Campbell s

Camden, New Jersey, United States
Category Company
Founded 1869
Sector Food
Employees14,400
Revenue 9.6B USD (2024)
DESCRIPTION
Entrance to Campbell Soup Co.'s corporate headquarters in Camden, New Jersey.
Entrance to Campbell Soup Co.'s corporate headquarters in Camden, New Jersey.

Campbell's is an American producer of canned soups and related products. Campbell's products are sold in 120 countries around the world. Campbell's was incorporated in 1869 and is based in Camden, New Jersey.

DEAL STATS #
Overall 12 of 14
Sector: Food M&A 10 of 12
Type: Divestiture M&A Deals 12 of 14
State: North Carolina M&A 1 of 2
Country: United States M&A 7 of 9
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-02 Kettle Foods

Norfolk, United Kingdom

Kettle Foods Limited makes hand-cooked crisps, popcorn, rice snacks, and vegetable-based chips. Kettle Foods Ltd. primary brands are KETTLE Chips and Metcalfe’s skinny popcorn.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-07 Sovos Brands

Berkeley, California, United States

Sovos Brands is formed to acquire and build a portfolio of food and beverage brands. Sovos Brands invest in unique brands that have exciting growth potential, combining industry expertise with fresh thinking to bring our products into more homes across America. Sovos Brands was founded in 2017 and is based in Berkeley, California.

Buy $2.7B
Mergr

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