Bolthouse Farms splits into two business entities in food and beverages.

Bolthouse Farms, a US-based company that produces fresh produce and beverages, has been split into two separate entities by its private-equity owners, Butterfly Equity. Bolthouse Fresh Foods will focus on supplying fresh carrots to retailers in North America, while Generous Brands will handle fruit and vegetable juices, smoothies, and fortified energy and immunity drinks. The split is intended to facilitate accelerated growth and investment in both businesses. The transaction was made possible through separate debt recapitalizations, and new CEOs have been appointed for each entity. [Extracted from the article]