Butterfly Equity-backed Bolthouse Farms to acquire Evolution Fresh from Starbucks.

Butterfly Equity-backed Bolthouse Farms, a vertically integrated farm company, agreed to acquire Evolution Fresh, a producer of primarily organic, cold-pressed, premium juice products, from Starbucks, an American multinational chain of coffeehouses and roastery reserves. Financial terms were not disclosed. "Evolution Fresh is a natural extension of the Bolthouse Farms portfolio and we look forward to welcoming the team. At Bolthouse Farms, with the support of Butterfly, we strive to ensure that the acres we grow and beverages we make have a positive impact on the land, on the people who make up our company, and on all people. By bringing Evolution Fresh into our portfolio, we will extend our spirit of ingenuity and innovation, sharing resources and passion for high-quality, nutrient-dense juices to pioneer solutions for today’s food system," Jeff Dunn, Bolthouse Farms Chairman and CEO.