Campbell’s completes Bolthouse Farms acquisition
CAMDEN, N.J. — Campbell’s has completed the acquisition of Bolthouse Farms from a fund managed by private equity firm Madison Dearborn Partners for $1.55 billion in cash.
The company said it will operate Bolthouse as a separate business unit. Members of Bolthouse Farms’ senior management team will continue to lead the business, with Bolthhouse Farms president Jeff Dunn reporting directly to Campbell’s president and CEO Denise Morrison. The acquisition was first announced in early July.
"We have acquired a terrific business that is a good strategic fit with Campbell’s existing portfolio and growth strategies," Morrison said. "Bolthouse Farms has exceptional employees and fantastic products. This gives Campbell one of the leading positions in both the fast-growing packaged fresh food market and in healthy beverages and provides us with an opportunity to expand into adjacent segments that leverage exciting consumer trends."
Food Lion helps customers support local schools
SALISBURY, N.C. — Food Lion customers can support their favorite schools when they participate in the MVP Classroom Rewards program.
When customers shop with their MVP cards, a portion of their grocery bills spent only on qualified store-brand products is automatically credited to the shoppers’ local school of choice. Donations up to $2,500 will be distributed three times per year to schools in January, May and September.
Qualified brands include my essentials, Healthy Accents, Home 360, Home 360 Baby, Home 360 Pet, Nature’s Place, Taste of Inspirations and Butcher’s Brand products.
"Food Lion is committed to supporting the local communities that we serve," said Maria Quant-Young, Food Lion community relations supervisor. "Last year, we donated more than $820,000 to schools through the Classroom Rewards program. We look forward to surpassing this amount during the 2012 to 2013 school year."
To enroll, customers may visit FoodLion.com to link their MVP cards to their favorite schools.
Stop & Shop refreshes hunger relief program
QUINCY, Mass. — Stop & Shop has unveiled a program designed to raise funds for hunger relief agencies that will provide healthy food to local communities.
The Healthy Ideas Food for Friends program — a fresh new take on Stop & Shop’s annual Food for Friends program, which raises money to feed those in need — now is running in New England stores across Massachusetts, Rhode Island, New Hampshire and most of Connecticut through Aug. 19.
How it works: Customers can donate $1, $3 or $5 at their local Stop & Shop to help support hunger relief organizations within their local communities, as well as regionally. Customers also have the option to purchase a $10 charity box filled with Healthy Ideas Stop & Shop-branded items. The charity boxes are given directly to each store’s local food pantry partner.
The program will deliver 100% of the dollars raised — 60% of funds raised will be allocated directly to local food pantries and 40% will be donated to seven regional food banks in New England:
The Greater Boston Food Bank;
Worcester County Food Bank;
Food Bank of Western Mass.;
Connecticut Food Bank;
Rhode Island Community Food Bank; and
New Hampshire Food Bank.
"Stop & Shop is committed to promoting health and wellness in the markets we serve," said Joe Kelley, president, Stop & Shop New England Division. "Hunger is year round. There are thousands in need of nutritious meals — not just during the holiday season. We’re proud to help our hunger relief partners bring healthy food back into our communities."