Food

San Francisco Equity Partners has acquired a majority stake in Missouri-based Red Monkey Foods, an organic spices and seasonings company.

Vestar Capital Partners–owned Roland Foods has secured $125m in a recapitalization led by Harvest Partners SCF.

The Wisconsin-based niche foods provider hopes to capitalize on increased interest in baking among young consumers.

The deal for Sweet Harvest Foods follows through on the firm’s announced plans to use Natural American Foods as a platform for acquisitions.

The fund, which targets food and agribusiness companies mainly in China, will close above its $400m target.

Strauss Group has announced that private equity giant TPG is mulling the sale of its 25.1 percent share in Strauss Coffee, stating that “the process of considering possibilities for selling the shares has begun”.

Snooze, which runs 17 locations across Colorado, California, Arizona and Texas, specialises in breakfast and lunch options in metro areas and has a focus on sustainability.

The $150m Tyson New Ventures fund will look to partner with companies across the agriculture, nutrition, advanced materials, data and other related sectors.

Food industry mergers and acquisitions will continue to be shaped by rapidly-changing consumer tastes and an increasing focus on the health and environmental aspects of food, according to Rabobank analysts.

The merged company will look to expand and focus on the provision of healthy prepared food options.