The Latest
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Ardent Mills to acquire chickpea producer Hinrichs Trading Company
The acquisition is the next move in the flour maker's strategic growth plan to expand into plant-based through its specialty ingredient offerings.
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B&G Foods' sales growth slowed because of inflation and shortages
Green Giant sales were flat because a poor growing season and pandemic-heightened demand have reduced the amount of product the company can make.
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New frozen snack brand seeks to replicate the joy of Snow Days
Launched under the HumanCo platform by entrepreneur and businessman Jason Karp, the new pizza bites line is better-for-you, gluten free, organic — and aims to shake up the comfort food segment.
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Danone-backed Forager Project launches line of plant-based cheeses
The family-owned business is the latest company to enter the increasingly crowded segment where large CPGs and smaller startups already have products on the market.
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Hershey unveils new goals to address climate change
The confectionary and snacks company aims to reduce its direct and indirect emissions and make 100% of its plastic packaging recyclable, reusable or compostable by 2030.
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Post settles sugary cereal lawsuit for $15M and agrees to drop health-focused label claims
The cereal maker will stop using terms including "no high fructose corn syrup," "less processed," "wholesome," "smart" and "nutritious" on products with at least 10% of calories coming from the sweetener.
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Deep Dive
Let's make a deal: How Nestlé is using M&A and multibillion-dollar divestitures to shape its portfolio
With more than $30 billion in transactions since 2018, the world's largest food company is refocusing its offerings on faster-growing categories popular with consumers.
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TreeHouse agrees to appoint 2 independent directors to board after deal with Jana
The activist investor last month had urged the private-label food maker to explore options, including a sale.
UPDATED: March 2, 2021 at 4:42 p.m. -
Danone head to step down after board votes to separate CEO, chairman roles
The dairy giant's board said its current CEO, Emmanuel Faber, will relinquish the position once his successor is chosen and then become non-executive chairman.
UPDATED: March 2, 2021 at 9:21 a.m. -
J.M. Smucker to lay off undisclosed number of employees
The company says these departures will help make it more agile as it focuses on growth, but there is no information on how many there will be, where they are coming from, or when it is likely to happen.
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Column
Leftovers: What would you do for a Klondike Cone? Cheez-It explodes into a new snack
The Unilever-owned ice cream treat adds two new portable formats, and dairy proteins are used to create a kid-targeted hydration drink.
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Pepsi deploys customized voice-overs to balance personalization, reach in Zero Sugar push
The soda maker is targeting middle-aged men as beverages that eschew the popular sweetener play a bigger role in its growth strategy.
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Tracking food industry priority for the COVID-19 vaccine
Food and agriculture workers in Colorado are eligible for vaccines beginning March 5, while Maine is shifting to an age-based approach effective March 3.
UPDATED: March 1, 2021 at 9:12 a.m. -
Beyond Meat signs global partnerships with McDonald's and Yum Brands
The plant-based meat producer will be the "preferred supplier" for the patty in the planned McPlant sandwich, and is creating menu items for KFC, Taco Bell and Pizza Hut.
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PepsiCo launches line of cocktail mixers as drinking at home surges
The nonalcoholic Neon Zebra brand can be used in margaritas, mojitos and other beverages. The offering is the latest drink from the beverage giant targeting new consumption occasions.
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Kraft Heinz pilots recycled plastic packaging as roofing material
If the post-consumer plastic boards being tested on two factories work well, the CPG company may someday be repairing its facilities with packaging from the products it makes.
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Why chocho may be the next big plant-based protein
A native Ecuadoran athlete discovered the potential of the often-overlooked crop that grows in his home country. He started Mikuna Foods to turn it into products and an ingredient.
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ChickP strikes partnership with Socius Ingredients as part of US product rollout
The 90% chickpea isolate, which is being targeted for use in dairy alternatives, baked products and gluten-free foods, has a dense nutritional profile and neutral flavor.
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CBA, beverage group among largest donors to campaigns and lobbyists, study finds
Nonprofit organization Feed the Truth said the top 20 food industry trade associations have contributed at least $33.7 million in political donations since 2007 and spent $303.2 million in lobbying since 2008.
UPDATED: Feb. 26, 2021 at 9:03 a.m. -
Campbell Soup rejoins Consumer Brands Association
The soup and snacks maker was the first high-profile departure from the group during its roughest period in 2017 and 2018, and is one of 18 companies that joined the trade organization since last February.
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How Unilever is turning sustainability into opportunity
The CPG giant is using upcycling, a big plant-based commitment and initiatives to curtail food waste to save money and the environment, says Hanneke Faber, the company's president of foods & refreshment.
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Clif Bar plans to double its sales and positive environmental impact
The health bar brand is adding 50 new roles in analytics and innovation, while cutting approximately 125 others as it leans further into sustainability to stay relevant.
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Agrifood companies drew at least $26.1B in investments in 2020, report finds
AgFunder, a venture capital fund, found that all of last year's investments in the space may be more than a third above those received in 2019.
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Pilgrim's Pride pleads guilty to price fixing with DOJ and agrees to pay $108M fine
The chicken processor is the first company sentenced that admitted wrongdoing as part of the Justice Department's investigation, and should end the government's investigation into the firm.
UPDATED: Feb. 24, 2021 at 10:13 a.m. -
Oatly files for IPO
The Swedish plant-based company's filing is confidential, so no information is available yet on its proposed valuation or share price.