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Healthier snacking remained a strong investment theme in August. High protein nutrition bars were the focus, with The Simply Good Foods Company bringing Quest Nutrition LLC under its umbrella for $1 billion in cash.
Organic ingredients and other nutritional attributes were the focus of investment and acquisitions in the baby food category in September. Chinese dairy giant Mengniu Dairy made a AU$1.5 billion (US$1 billion) cash offer for the Australian infant formula brand Bellamy’s Organic.
Post Holdings’ (St. Louis, Missouri) newly formed subsidiary BellRing Brands Inc. has launched a roadshow for its initial public offering of approximately 24 percent of its ownership.
Flowhub (Denver, Colorado), a retail management platform for cannabis dispensaries, has raised an oversubscribed $23 million Series A financing led by the Kraft Heinz investment arm Evolv Ventures, e.ventures and Poseidon.