James Amos, former top executive of Mail Boxes Etc., partnered with private equity firm SPG Partners to acquire a majority stake in Tasti D-Lite. Amos will become chief executive of the frozen-dessert chain.
Canada's largest dairy products maker, Saputo Inc., has agreed to a deal to buy Land O'Lakes' West Coast industrial cheese business. The deal, to be finalized in April, secures a long-term milk supply for Saputo.
Omnicom Group shop BBDO, which has a longstanding relationship with PepsiCo, will handle creative chores for the launch of Diet Pepsi Max. The new product has more caffeine than regular Diet Pepsi and is also fortified with ginseng.