The Latest

  • Mondelēz participates in $13.5M funding round for soft pretzel maker

    With the investment in Eastern Standard Provisions, Tapan Shah, head of venture capital for the CPG giant’s SnackFutures arm, became a director at the company.

  • Frito-lay, PepsiCo, chips
    Image attribution tooltip
    Christopher Doering/Food Dive

    Exclusive: PepsiCo to bring iconic chip brands into new snacking categories in 2023

    Cheetos-flavored pretzels, Doritos co-branded jerky and a cracker with one of its major chip brands will allow the CPG giant to change how shoppers view its snacks and increase occasions when they are consumed.

  • Shelf tag for plant-based milk at a Giant Food in Washington, D.C.
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    Catherine Douglas Moran/Food Dive

    Oatly sells some manufacturing capacity to co-packer Ya YA Foods for $98.1M

    After a year plagued with production problems, the publicly traded company will focus on its proprietary oat base, while the Canadian co-manufacturer will take over its Utah and Texas plants.

  • Image attribution tooltip
    Courtesy of Clif Bar

    2022’s top M&A deals in the food and beverage industry

    Last year saw companies turn to dealmaking as a way to quickly gain presence in fast-growing categories or strengthen their position in existing ones.

  • Moolec Science co-founder and CEO Gaston Paladini and some of the company's bioengineered plants.
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    Courtesy of Moolec Science

    Moolec Science begins trading on Nasdaq

    The company is the first to use a process it calls molecular farming — using bioengineered plants to produce animal proteins — to go public.

  • Six brown eggs in a paper carton
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    paci77 via Getty Images

    Cal-Maine hits record earnings as egg prices skyrocket, but shares drop

    The largest egg producer in the U.S. said bird flu ravaging flocks led to a 110% year-over-year sales increase in its most recent quarter, but there are some signs prices of the protein could recede as the new year takes hold.

  • The tops of several large steel tanks, with pressure gauges and tubes running out of them.
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    Nordroden via Getty Images

    How ADM helps other fermentation companies grow and innovate

    Through investments, expertise and agreements, the global commodities giant has worked with many startups, helping them transform their technology into food. 

  • Benson Hill soybeans
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    Courtesy of Benson Hill

    Bunge to spend $550M on protein concentrate plant

    The Indiana facility, which will create about 70 full-time jobs, will make key ingredients used in the production of plant-based foods, processed meat and other products.

  • Just the cheese, bar
    Image attribution tooltip
    Retrieved from Just the Cheese.

    John B. Sanfilippo buys baked cheese brand to expand snacking portfolio

    The purchase of Just the Cheese for an undisclosed amount brings the nut and dried fruit products maker into new categories and complements its existing portfolio. 

  • IFF logo
    Image attribution tooltip
    Courtesy of International Flavors & Fragrances

    IFF sells Savory Solutions Group for $900M

    The sale to private equity firm PAI Partners is the first of three divestments CEO Frank Clyburn said were coming soon at the company’s investor day earlier this month.

  • chicks chickens
    Image attribution tooltip
    Scott Olson via Getty Images

    Genetically modified hens could end the culling of male chicks, tech company says

    Huminn said its technology could allow chickens to produce only female offspring, which may eliminate the costs of sorting and killing males in commercial egg production.

  • UFA upcycled foods association products
    Image attribution tooltip
    Chris Casey/Food Dive

    How upcycled food companies tackle their biggest challenge

    As more brands create products using ingredients that would have gone to waste, leaders in the industry say educating consumers is key to success.

  • Two sandwich halves are stacked high with deli slices that look like turkey made from The Better Meat Co.'s Rhiza protein, with a company logo flag on a toothpick stuck in one.
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    Courtesy of The Better Meat Co.

    Maple Leaf Foods partners with The Better Meat Co. to develop mycelium products

    The agreement, which is the first in alternative protein since the Canadian meat giant cut back on its plant-based division, is focused on R&D and innovation with Rhiza protein.

  • A cast iron skillet with four cooked slices of MyBacon sits on a beige round woven placemat with herbs and stones at the upper left, as well as a small dish of pink salt.
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    Courtesy of MyForest Foods

    Inside MyForest Foods’ strategy to make mycelium bacon sizzle

    Research, ingenuity and inspiration to “do something useful” are leading the up-and-coming startup to eventually grow 3 million pounds of mushroom roots a year at its Swersey Silos facility.

  • Packages of Tru Fru's frozen and freeze-dried snacks grouped together.
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    Courtesy of Tru Fru

    Mars acquires better-for-you snack maker Trü Frü

    Terms of the deal were not disclosed, but the purchase of the chocolate-covered fruit treat brand will add to a powerful division of healthier options for the global food giant.

  • Broken squares of dark chocolate in a pile on a white background.
    Image attribution tooltip
    Dmytro Skrypnykov via Getty Images

    Many dark chocolates have high levels of cadmium and lead, study finds

    Consumer Reports looked at the amount of heavy metals in 28 popular brands, though the issue already was litigated, settled and studied, and confectioners have committed to making improvements.

  • Dentyne, gum, Mondelez
    Image attribution tooltip
    Retrieved from Mondelez.

    Mondelēz International to sell gum business for $1.35B

    The sale to Perfetti Van Melle Group, a European gum and confectionery maker, includes two manufacturing facilities and brands such as Trident and Dentyne in the U.S., Canada and Europe.

  • Hain Celestial to sell its Westbrae Natural brand to Bush Brothers

    The sale of the organic bean line for an undisclosed amount will allow the company to simplify its portfolio while improving its growth profile, margins and cash flow.

  • A purple box of Krave Double Chocolate Brownie Batter on a purple background on the right, and a purple pouch of Froot Loops with Marshmallows Jumbo Snax on a magenta background on the right.
    Image attribution tooltip
    Courtesy of Kellogg
    Column

    Leftovers: New Kellogg treats make winter sweet; Stony Creek and Bigelow tea up new brews

    The cereal giant is bringing two indulgent new offerings to breakfast and snack time, and vegan brand GrownAs* debuts mac and cheese with 10 grams of protein per serving.

  • Back to Nature, B&G Foods
    Image attribution tooltip
    Courtesy of B&G Foods

    B&G Foods to sell Back to Nature brand to Barilla America

    CEO Casey Keller said the sale is part of the company’s portfolio focusing effort, and can help reduce long-term debt. Terms of the deal were not disclosed.

  • Ben & Jerry's Chubby Hubby ice cream
    Image attribution tooltip
    Courtesy of Ben & Jerry's

    Unilever says Ben & Jerry’s Israel business lawsuit is settled

    The independent board affiliated with the ice cream brand filed the initial lawsuit during the summer, arguing the CPG company overstepped its authority by selling its arm in the Middle Eastern country.

  • Coca-Cola, Freestyle
    Image attribution tooltip
    Permission granted by Coca-Cola

    How Coca-Cola turns to its Freestyle machine to create shelf-ready flavors

    The CPG’s 50,000 dispensers, which pour more than 11 million drinks each day, have inspired four beverage creations that have made it to bottles and cans.

  • A pile of wrapped chocolate bars made by Oobli
    Image attribution tooltip
    Courtesy of Oobli

    Oobli launches protein-sweetened chocolate bar

    The company, previously known as Joywell Foods, has three varieties available for online presale, all of which have 70% less sugar than traditionally made competitors. 

  • Whole Earth Brands, sugar, sweetener, equal
    Image attribution tooltip
    Permission granted by Whole Earth Brands

    Equal sweetener owner Whole Earth announces CEO transition plan

    The company’s board appointed member Michael Franklin to serve as its interim head starting Jan. 1. He replaces Albert Manzone, who has run the firm since 2016.

  • Bright green flags fly in front of the L-shaped Novozymes office building, with a mirrored wall straight ahead and white brick with small windows to the right. People walk on a covered path.
    Image attribution tooltip
    Courtesy of Novozymes

    Chr. Hansen will merge with Novozymes in a $12.3B deal

    The sale, which is expected to close in the fourth quarter of 2023 at the earliest, would create a company with extensive expertise in enzymes and natural microbials.