Kehe Buys Tree of Life for Reported $190 Million
As reported in Supermarket News Midwest Specialty Distributor Kehe Foods purchased Tree of Life Tree of Life for $190 million. The sale did not include Panos Brands which Dutch conglomerate Royal Wessanen is reportedly still seeking to sell. Panos’ specialty and natural brands include Soya Kaas soy cheese, MiDel cookies, Kame Asian specialty foods, and Sesmark crackers […]
UNFI Michael Funk Steps Down
Michael Funk, the man who transformed distribution of natural and organic foods stepped down as CEO of United Natural Foods. The company named former Performance Food Group chief Steven Spinner as its new CEO and president. Funk will be chairman of the Board and will remain actively involved in strategic growth initiatives and key customer […]
UNFI Posts Huge Growth for Fourth Quarter
United Natural Foods released strong figures for the fourth quarter that leaving analysts and others yelling the equivalent of “VA va va voom, baby, shake it!” UNFI sales increased 22% for the quarter and 23% for the fiscal year, with yearly earnings of $41.6. on over $2 billion in sales. UNFI cited increased sales from […]