The Latest
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Constellation Brands
Gallo is investing $423M to build a new production and distribution facility
The California winemaker hopes to strengthen its position on the East Coast with the South Carolina factory as it continues to increase its portfolio through acquisitions.
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Motif FoodWorks closes $226M funding round
The plant-based ingredients company, which expects to get its first two offerings on the market this year, plans to use the funds for expansion and more R&D.
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Courtesy of Nestle
Pace of M&A, divestitures likely to increase in 2021, survey finds
Kearney said the financial stimulus, low interest rates, large cash stockpiles and strong equity markets have created a climate favorable for sellers.
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Christopher Doering/Food Dive
Deep DiveMolson Coors' CEO has a bold plan to 'fundamentally change' the beer maker. But will it work?
As consumers turn to other beverages, Gavin Hattersley has moved aggressively into energy drinks, diet soda and tequila to revive his company's portfolio — all while combating challenges like COVID-19 and a security breach.
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Noam Galai via Getty Images
Specialty food sales hit record $170.4B in 2020
A rise in home cooking and baking bolstered demand for pantry staples, while more online shopping pressured the segment, according to the Specialty Food Association.
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Courtesy of Two Trees
Alcohol maker Two Trees formed to tap into rapid-aging technology
The new company, a merger of three businesses, will use the controversial practice panned by industry traditionalists to make vodka, whiskey and other offerings.
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Stephen Chernin via Getty Images
A third of consumers ate more chocolate during the pandemic, study says
The Cargill survey shows people see the sweet as a healthful reward that can boost their energy and mood, and confectioners are working to bring on-trend offerings to continue sales growth.
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Courtesy of Chobani
Chobani leans into demand for healthier foods with no-sugar yogurt
The dairy giant has expanded its portfolio during the past few years to include offerings that cater to hot trends in the food space such as probiotics and protein.
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Sam Silverstein/Food Dive
USDA to invest over $4B to strengthen the food supply chain
The agency's investments through the Build Back Better initiative are part of the Biden administration’s efforts to make U.S. supply chains more resilient.
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Sam Silverstein/Food Dive
FMI looks to head off online country-of-origin regulations
The organization says requirements included in a bill moving through Congress that would force grocers to identify where products they sell online come from are "unworkable."
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Courtesy of Tyson Foods
Meatpackers fail to secure protection with new OSHA COVID-19 safety rule
The segment was instead issued optional guidance that includes staggering breaks and spacing unvaccinated workers — recommendations that a union leader said are "unenforceable" and place employees at risk.
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Courtesy of Badass
ColumnLeftovers: Alkaline water maker wants to be Badass; Just add water and oil for Jada's plant-based meat
The new beverage brand sources its nutrient-rich water from melting glaciers, and Torani creates an allergen-free chocolate hazelnut flavor.
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Jenny Evans via Getty Images
JBS USA is spending $130M to boost beef capacity amid growing demand
The world's largest meat producer also said it is doling out more than $150 million in annualized pay increases to workers across its nine U.S. beef plants.
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Courtesy of PepsiCo
PepsiCo to invest $200M in plant expansion as snack consumption surges
The investment in Frito-Lay's Rosenberg, Texas, facility will create 160 jobs and add two manufacturing lines for Funyuns and tortilla chips, as well as increase warehouse capacity.
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Permission granted by Tyson Foods
Tyson pledges to achieve net-zero emissions by 2050
The meat producer's initiatives include eliminating deforestation in its global supply chain and using 50% renewable energy in its U.S. operations by 2030.
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Courtesy of Geltor
Geltor debuts vegan collagen for food and beverages
Made through the company's proprietary fermentation process, PrimaColl is said to match the functional properties of the animal-based equivalent.
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Paula Bronstein via Getty Images
Deep DiveMeat processors wrestle with worker shortages as US economy reopens from COVID-19
With protein demand soaring, companies like Tyson Foods are offering employees better benefits and flexible hours as they consider wider use of automation throughout their businesses.
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Courtesy of Cacao Barry
WholeFruit chocolate launches under Evocao label
Barry Callebaut's high-end sweet made only from cacao fruit is available to chocolatiers in limited quantities right now, but will be expanding next year.
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Permission granted by Simulate
Simulate raises $50M to expand its plant-based chicken
The latest funding round, which will help it compete in an increasingly popular space, values the maker of Gen Z-styled Nuggs and Discs at more $250 million, according to Bloomberg.
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Joe Raedle via Getty Images
Taste is tops in consumers' yogurt priorities, survey finds
Nearly half of shoppers consider flavor a reason for buying the snack, with health benefits and nutrition also key, according to research from the International Food Information Council.
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Permission granted by Better Meat Co
The Better Meat Co. unveils mycoprotein fermentation line
During the past three years, the company has been secretly developing a 13,000-square-foot plant where it can produce thousands of pounds each month of the protein, which can serve as a beef, chicken or seafood substitute.
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Christopher Doering/Food Dive
General Mills plans to cut up to 1,400 jobs worldwide, Star Tribune reports
The layoffs — which could include up to 800 jobs in the U.S. and Canada and up to 20% of positions at its corporate headquarters — were announced to employees last week in emails and virtual meetings, the paper reported.
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Permission granted by Anheuser-Busch
Bud Light Seltzer, Truly Lemonade and Mtn Dew Zero Sugar were the top product launches of 2020, IRI says
The market insight firm's annual Pacesetters report on the year's most successful new items reflected several pandemic trends, including increasing alcohol consumption and stockpiling sweet and salty snacks.
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Courtesy of Molson Coors
Molson Coors settles trademark case involving Vizzy hard seltzer
Terms were not disclosed, but Future Proof Brands, which sued the big brewer for trademark infringement, will no longer be producing its Brizzy drink.
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Hormel completes $3.35B purchase of Planters from Kraft Heinz
The acquisition by the Minnesota company complements its Skippy and Justin's offerings while allowing Kraft Heinz to focus its portfolio on faster-growing, trendier brands.
UPDATED: June 7, 2021 at 9:14 a.m.
