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Current Position:Home » News » General News » Topic

Deals this week: Nestlé USA, Goldbelly, Kettlebell Kitchen

Zoom in font  Zoom out font Published: 2018-10-15
Core Tip: Nestlé USA has collaborated with Jackson’s Honest, Miyoko’s and Here, as part of the Terra Food and Agriculture Accelerator programme.
Nestlé USA has collaborated with Jackson’s Honest, Miyoko’s and Here, as part of the Terra Food and Agriculture Accelerator programme.
 
Initiated by RocketSpace and Rabobank, the programme will unite innovators from large corporations with emerging companies.
 
The three new start-ups focus on plant-based nutrition, simple labels and fresh ingredients.
 
Goldbelly has secured $20m through a Series B funding round led by Enlightened Hospitality Investments (EHI).
 
The round also received funding from existing investors Intel Capital, 500 Startups and 645 Ventures.
 
Meyer will join Goldbelly’s advisory board as part of the transaction.
 
US-based Goldbelly is an online marketplace for gourmet food and gifts.
 
EHI is a strategic investment platform formed by Danny Meyer’s Union Square Hospitality Group.
 
Once Upon a Farm has raised $20m through a Series B funding round led by CAVU Venture Partners.

The funding round has also involved participation from S2G Ventures, Beechwood Capital, and other Series A investors.

Once Upon a Farm is a provider of organic, cold-pressed baby food, applesauce and smoothies, while CAVU is an investment firm.

The firm intends to use the funds to improve its retail and product innovation.

Kettlebell Kitchen has raised $26.7m through a Series B growth equity funding round led by North Castle.

Kettlebell Kitchen offers healthy prepared meals as well as customised meal plans for customers, while North Castle is a private equity firm. Both the companies involved in the transaction are based in the US.

Lactalis has agreed to purchase Nestlé’s Petaling Jaya (PJ) plant in Malaysia for an undisclosed amount.

The acquisition is part of the company’s strategy to support its sustainable growth.

The transaction will allow Nestlé to move manufacturing operations of Milo from PJ factory to the Chembong facility.

Nestlé Malaysia will invest more than RM100m ($24m) for the expansion of its Milo factory situated in Chembong, Negeri Sembilan, Malaysia.

 
 

 
 
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