Impossible Foods Confirms Approximately $ 500M in New Funding

March 16, 2020 Impossible Foods

Impossible Foods confirmed today that it has secured approximately $ 500 million in its latest funding round, led by new investor Mirae Asset Global Investments, with participation from existing investors including Khosla Ventures, Horizons Ventures, and Temasek.

Standex to Sell Master-Bilt and Nor-Lake Refrigeration Businesses

Standex Refrigerated Solutions Group (RSG) has reached a definitive agreement to sell its Master-Bilt and Nor-Lake refrigeration businesses to Ten Oaks Group, a family office focused exclusively on corporate divestitures. The closing is expected to occur in the next 45 days.

Grubhub and Major Cities Across the U.S. Launch Economic Relief Effort up to $ 100M for Independent Restaurants and Delivery Partners Impacted by COVID-19

March 16, 2020 Grubhub

In collaboration with the mayors of large cities across the United States who are on the front lines of the COVID-19 response efforts, Grubhub today announced it is temporarily suspending collection of up to $ 100 million in commission payments from impacted independent restaurants nationwide.

Flanagan Foodservice named one of Canada’s Best Managed Companies for 7th year

March 16, 2020 Flanagan Foodservice

Flanagan Foodservice is proud to announce that it has achieved Platinum status as one of Canada’s Best Managed Companies. Flanagan Foodservice was initially recognized as a Best Managed Company in 2013 and has since been awarded Gold Standard and now Platinum Club Member status.

US Foods to Acquire Smart Foodservice Warehouse Stores

March 16, 2020 US Foods

US Foods Holding Corp. announced that it has entered into a definitive agreement to acquire Smart Foodservice Warehouse Stores from funds managed by affiliates of Apollo Global Management, Inc. for $ 970 million in cash.