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Impact Capital - the private equity group of Mike Repole, best known for cofounding Vitaminwater and BodyArmor SuperDrink, which sold to Coca-Cola for $4.1bn and $5.6bn, respectively - has acquired a majority stake in the better-for-you chewy granola bar producer Junkless Foods.
TOAST-IT secured $150,000 investment at a 20% stake from Daniel Lubetzky, founder of KIND Snacks and Camino Partners, during the recent episode of Shark Tank, which the company hopes to use to expand its distribution into new regions and address the demand for better-for-you global flavors in the frozen aisle, the two sister co-founders told FoodNavigator-USA.
Impact Capital - the private equity group of Mike Repole, best known for cofounding Vitaminwater and BodyArmor SuperDrink, which sold to Coca-Cola for $4.1bn and $5.6bn, respectively - has acquired a majority stake in the better-for-you chewy granola bar producer Junkless Foods.
Lenny & Larry’s is expanding its portfolio of cookie snack bars with a bigger format to tap into the increased demand for a variety of better-for-you claims, the company's senior VP of marketing and innovation Chris Cook told FoodNavigator-USA.
Kellogg Co. – the maker of iconic snacks, including Pringles, and cereal, including Froot Loops and Special K – officially no longer exists having completed today the separation of its North American cereal business into a new company named WK Kellogg Co and renaming the other half of its business, which includes its snacks and plant-based protein brands, Kellanova.