The Latest
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Catherine Douglas Moran/Food Dive
A taste of Food Dive’s best stories
From the struggles of plant-based meat to Kellogg’s proposed split, Food Dive writes about the news that moves the CPG industry.
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Courtesy of Perfect Day
Perfect Day expands its reach with gelatin company purchase
With the acquisition of India’s Sterling Biotech Limited, the animal-free dairy company doubles its manufacturing capacity and has a path to widen its precision fermentation portfolio.
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Scott Olson via Getty Images
McDonald’s sues meat companies for accusations of pork price-fixing
Smithfield, Tyson, JBS and Hormel are among the processors the fast food giant claims have worked together since 2008 to inflate the price of pork.
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Permission granted by Tyson Foods
Tyson managers fired for COVID-19 betting pool sue for incentive pay
The former supervisors at the plant in Waterloo, Iowa demand a total of $300,000, saying they deserve bonuses from when the facility met production targets.
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Courtesy of Freshly
Nestlé scales back meal delivery presence through Freshly deal
The CPG giant and private equity firm L Catterton are creating an entity bringing together the business it bought two years ago and Kettle Cuisine. Nestlé will retain a 41% stake in the partnership.
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Mario Tama via Getty Images
Biden and food industry groups call on Congress to prevent rail shutdown
The president said he’s been advised that “there is no path to resolve the dispute at the bargaining table” before the Dec. 9 deadline.
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Permission granted by Dippin' Dots
Dippin’ Dots could come to retail, new owner says
The ice cream, which J&J Snack Foods recently purchased for $222 million, has a large presence in outlets including movie theaters, stadiums and amusement parks, but not grocery stores.
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Courtesy of Hain Celestial
Hain Celestial names seasoned CPG exec as new CEO
Wendy Davidson, who has experience at Glanbia, Kellogg and Tyson, will replace outgoing head Mark Schiller on Jan. 1. He will remain on the organic and natural food maker’s board.
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Permission granted by Unique Snacks
Once a ‘sleepy category,’ the pretzel grabs its fill of the $106B snacking space
Long mocked as an unloved staple of bars and airplanes, brands such as Hershey’s Dot’s have turned to bold flavors to attract snack-obsessed consumers.
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Retrieved from Cove on November 28, 2022
Cove debuts biodegradable water bottles
The Los Angeles-based startup will launch the containers, which it says are the first of their kind, on Thursday in Southern California.
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Courtesy of Tyson Foods
Meat companies conspired to set wages low, lawsuit claims
The proposed class action case says red meat firms had secret meetings to keep employee pay and benefits the same, while pork processors used a service to get compensation information.
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Scott Olson via Getty Images
Most food companies have weak or no water management programs, report says
After reviewing 114 businesses, Morningstar urged stakeholders involved with these firms to push for a more comprehensive approach to water use amid ongoing shortages.
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Permission granted by Post Holdings
Post is on lookout for M&A deals, CEO says
Rob Vitale said the manufacturer of Peter Pan peanut butter and Pebbles cereal has a cash-rich balance sheet that could be beneficial as it considers whether to add to its portfolio.
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Sean Gallup via Getty Images
For food industry to reach climate goals, COP27 highlights areas of improvement
As companies work to improve sustainability goals, activist groups and world leaders call for more reductions in emissions and waste.
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Courtesy of Truss Beverage Co.
Molson Coors to exit CBD business venture in US, end La Colombe partnership
The beverage giant said uncertainty over federal legalization for cannabis and a desire by the coffee maker to combine product segments were behind the decisions.
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Courtesy of Nestlé
Nestlé’s Nespresso to debut paper-based compostable capsules
The new pods will be piloted in France and Switzerland in spring 2023, and will complement the brand’s existing aluminum option.
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Courtesy of Sabra
Hummus leader Sabra regaining swagger after ‘difficult’ move to halt production
Several months after temporarily shutting down its Virginia plant for repairs, CEO Joey Bergstein said the brand, co-owned by PepsiCo, is experiencing a sharp rebound in sales and recouping lost market share.
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Matthew Stockman via Getty Images
Cargill names insider as new CEO
COO Brian Sikes will become the 10th leader of the global protein and ingredients giant on Jan. 1. Current chief executive David MacLennen will transition to executive chairman.
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Courtesy of Nestlé
ColumnLeftovers: Sipping lasagna with Stouffer’s Bloody Mary Mix; Spam brings figgy pudding across the pond
The Nestlé brand brings savory flavors to a cocktail glass, and Stuffed Puffs coats its new marshmallow snack with crushed Cinnamon Toast Crunch.
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Courtesy of Wilk
Wilk makes yogurt using milk from cultivated cells
The Israeli company is the first to create a finished dairy product that has been produced by cells grown outside of an animal.
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Courtesy of Beyond Meat
Deep DiveHow can plant-based meat get back to growth?
As business indicators have worsened, Beyond Meat and other companies in the space have tried new strategies — but analysts say they may have forgotten consumers along the way.
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Courtesy of PepsiCo
PepsiCo brings Doritos into dip category
The new snacks, which come in Spicy Nacho and Cool Ranch Jalapeno varieties, are meant to be used with foods other than chips, including pizza, wings and veggies.
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Mark Wilson via Getty Images
HowGood launches platform for food companies to track scope 3 emissions
The tool records indirect greenhouse gas emissions — which make up roughly 87% of a manufacturer’s total carbon footprint — for over 33,000 ingredients.
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Courtesy of Upside Foods
Race for regulation of cell-based meatUpside Foods gets FDA greenlight for cultivated chicken
The California company received the first U.S. regulatory approval of any kind for meat grown from cells. It awaits a decision from the USDA before it can serve its products to consumers.
Updated Nov. 16, 2022 -
Sarah Silbiger via Getty Images
FDA publishes final food traceability rule
New recordkeeping requirements as items such as produce, cheeses and eggs move through production and supply chain will go into effect in 2026.
