Beverages: Page 48
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AB InBev to sell stake in US metal container plants for $3B
Private-equity firm Apollo and other investors will purchase 49.9% of the business, giving the beer giant much-needed cash to pay down debt from its 2016 SABMiller acquisition.
By Christopher Doering • Dec. 28, 2020 -
2020's 10 biggest M&A deals in the food and beverage industry
Despite the pandemic, companies found ways to streamline their operations as needed and expand their portfolios when opportunities arose. These are some of the largest moves this year.
By Food Dive staff • Dec. 23, 2020 -
Trendline
Mergers and acquisitions
Declining sales and slowing consumption have more companies divesting brands, opening the door for smaller players and private equity firms to expand their portfolios.
By Food Dive staff -
Frozen food sales soar with homebound consumers during pandemic
Sales in the category jumped 17.4% between November 2020 and the same month a year earlier. The largest gains came in processed poultry, seafood, snacks and beverages.
By Jessi Devenyns • Dec. 23, 2020 -
Christopher Doering/Food Dive
Zevia closes $200M funding round with Canadian investment firm
The stevia sweetened soda company is planning to use the money and partnership to fuel its global expansion strategy and better manage its assets.
By Jessi Devenyns • Dec. 22, 2020 -
Untapped: How grocers are growing their private label alcohol assortment
Wine has long been the focus, but experts say booming sales this year make store-brand booze ripe for expanded selections and higher price points.
By Catherine Douglas Moran • Dec. 21, 2020 -
Permission granted by PepsiCo
ColumnLeftovers: Pepsi to debut 'Cocoa' Cola this winter; PBR combines pretzels, beer and brats
The seasonal soda tastes like a blend of the soft drink, hot chocolate and a hint of marshmallow, and Kellogg is launching a homestyle recipe of its classic Rice Krispies Treats.
By Food Dive staff • Dec. 18, 2020 -
Coca-Cola to cut 2,200 jobs — most in the US — as part of restructuring
The staff reduction comes as the part of a broader overhaul accelerated by the pandemic, which has seen the beverage giant end production of brands including Tab and Odwalla.
By Christopher Doering • Dec. 18, 2020 -
Courtesy of Beyond Meat
Consumer eating and drinking habits during pandemic reflect different needs
A survey from the International Food Information Council found people balanced eating healthier with indulgence, while some consumed more alcohol even as others were less likely to imbibe.
By Samantha Oller • Dec. 16, 2020 -
Retrieved from Nestle on January 31, 2018
Nestlé explores alternative packaging technologies with startup investment
As part of its deal with Timeplast, a startup investigating ways to minimize the impact of improperly recycled plastic on the environment, the Swiss company will provide financing and additional support.
By Jessi Devenyns • Dec. 14, 2020 -
Ocean Spray partners to create protein-sweetened, reduced-sugar cranberry juice
The cooperative is partnering with Amai Proteins to develop a beverage that has at least 40% less sugar.
By Samantha Oller • Dec. 10, 2020 -
Why natural colors are poised to pop in 2021
As consumers flock to natural ingredients, manufacturers of products such as energy drinks, condiments and dairy alternatives are turning to plants for their hues.
By Jessi Devenyns • Dec. 10, 2020 -
Courtesy of Chobani
Chobani doubles down on probiotics as consumers seek immunity-boosting products
The dairy giant is debuting a line of yogurt cups and drinks that spotlight the microorganisms, as well as an extension geared toward children.
By Christopher Doering • Dec. 10, 2020 -
Retrieved from Bang Energy.
PepsiCo remains 'exclusive distributor' of Bang Energy drinks, arbitrator rules
The interim order, which said Bang must honor the terms of the agreement, prevents social media posts without approval and the release of "disparaging statements" on the soda giant.
By Christopher Doering • Dec. 8, 2020 -
Permission granted by General Mills
ColumnLeftovers: General Mills brings Sesame Street to cereal; Wicked Weed brews donut-flavored beer
The boxes featuring characters from the 51-year-old educational TV show will arrive on shelves next month, and Borden Dairy is mixing it up with three varieties of creamy salsa.
By Food Dive staff • Dec. 4, 2020 -
Molson Coors boosts production capacity for seltzers, hit products by over 400%
The beer giant said the investments will allow it to keep up with demand for recent introductions such as Vizzy, Coors Seltzer and LightSky while preparing for new launches.
By Christopher Doering • Dec. 2, 2020 -
Jones Soda promotes Mark Murray to CEO
The former Kraft Foods executive quickly made his mark on the small beverage maker since becoming its president in September. Sales during the company's third quarter rose 17% from 2019.
By Christopher Doering • Dec. 2, 2020 -
Retrieved from Bang Energy.
Bang Energy sues PepsiCo, citing 'gross misconduct' and intimidation
The energy drinks maker said the beverage giant is "threatening lawsuits" against Walmart and other retailers who fail to purchase Bang from it. PepsiCo said it remains committed to honoring the distribution deal.
By Christopher Doering • Dec. 1, 2020 -
Diageo pledges 100% recyclable packaging, 50% supply chain emissions reduction by 2030
After falling short on some 2020 goals, the maker of Guinness and Smirnoff laid out plans to reduce emissions and improve packaging recyclability.
By Emma Cosgrove • Nov. 30, 2020 -
Courtesy of Ocean Spray
Ocean Spray expands better-for-you offerings with new functional waters
The cranberry co-op's product called B1U taps into the growing shopper demand for having more benefits in the products they consume.
By Jessi Devenyns • Nov. 25, 2020 -
Diageo's growth plans: More premium brands and diversity in leadership
The alcohol maker's CEO told CNBC consumers are drinking "better, not more," and the company's 10-year plan focuses on promoting moderation in drinking and achieving net-zero carbon emissions.
By Jessi Devenyns • Nov. 24, 2020 -
4 reasons plant-based milk will keep growing after the pandemic
Dairy alternatives have gone from trendy to on fire in 2020, and analysts weigh in on what will keep the segment booming in the upcoming years.
By Megan Poinski • Nov. 24, 2020 -
Danone to cut up to 2,000 jobs as it tries to save nearly $1.2B
CEO Emmanuel Faber says the company needs to "reinvent" itself as it gets hit hard by restaurant closures, a reduction of SKUs offered by retailers and a drop in birth rates that curtails formula consumption.
By Christopher Doering • Nov. 23, 2020 -
Permission granted by Pepsi
ColumnLeftovers: Pepsi bottles apple pie; Busch literally goes to the dogs
The soda giant is introducing the limited-edition dessert flavored cola in a Thanksgiving sweepstakes, and Mondelez invites fans to personalize their Oreos.
By Food Dive staff • Nov. 20, 2020 -
Courtesy of SunOpta
SunOpta sells global ingredients division for $390M
The company plans to use the money it receives from the deal to expand its plant-based food and beverage offerings as well as to pay down debt.
By Jessi Devenyns • Nov. 19, 2020 -
Courtesy of Cargill
Cargill upstart predicts $1B in sales as demand for healthy ingredients surge
Cargill Health Technologies was launched by the agricultural giant to expand the understanding of gut and digestive health and their connection to the body's immune system.
By Christopher Doering • Nov. 19, 2020
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