Finances and Deals


  • Bags of frozen chicken with the Tyson logo sit in a Safeway store on Aug. 8, 2023
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    Anna Moneymaker via Getty Images
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    Tyson agrees to sell Georgia poultry complex

    The deal with House of Raeford Farms comes after months of cost cutting at the meat and poultry giant, including plant closures and layoffs.

    By Nathan Owens • July 12, 2024
  • Alix Earle poses for a Poppi Instagram post
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    Retrieved from Instagram on July 10, 2024
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    Deep Dive

    How influencers are changing the way food and beverage companies harness social media

    The days of relying on expos and conventions are long gone. Companies are now embracing Instagram and TikTok and working with influencers to stay relevant.

    By July 11, 2024
  • Maple Leaf
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    Courtesy of Maple Leaf
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    Maple Leaf Foods spins off its pork business

    The separation will allow the Canadian company to concentrate on its consumer packaged goods while its pork business will operate under a new name and pursue a separate growth strategy.

    By July 10, 2024
  • athletic brewing
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    Courtesy of Athletic Brewing
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    Nonalcoholic beer maker Athletic boosts coffers with $50M investment

    The financing round, which values the brewer at around $800 million, will help fund the fast-growing company’s expansion efforts.

    By July 9, 2024
  • Cans of Athletic's non-alcoholic beer.
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    Permission granted by Athletic Brewing
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    Beer giants lifting nonalcoholic space with ‘non-compromising’ launches: Athletic CEO

    Just five years ago, top brands were absent from the market. Today, Blue Moon, Guinness, Corona, Heineken and Bud offer no- and low-alcohol versions of their popular brews.

    By July 2, 2024
  • Racks of cage-free eggs are ready for packaging.
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    Courtesy of Herbruck's Poultry Ranch
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    Cal-Maine buys egg producer for $110M to grow presence in the Northeast

    The purchase of ISE America expands the company’s dominant position in the protein with the addition of nearly 5 million egg-laying hens to its portfolio.

    By July 1, 2024
  • Godiva's new Heritage Collection of confections and chocolates
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    Permission granted by Pladis
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    Godiva owner poised to top $1B in US sales with a slimmed-down portfolio

    A Pladis executive says the company has rapidly grown sales through the ultra-premium chocolate and other brands, such as Turtles and Flipz, by being “more comfortable with risk” than its competitors. 

    By June 24, 2024
  • travis jason kelce garage beer
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    Courtesy of Garage Beer
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    Column

    The Weekly Sip: Jason and Travis Kelce join Garage Beer | DavidsTea brings a spark to RTD drinks

    The NFL stars have become co-owners of the Ohio-based light beer, and New Jersey’s Asbury Park Brewery is using AI to create its latest offering.

    By Food Dive staff • June 20, 2024
  • A wheat field is seen from above, with tractors combing the rows
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    Courtesy of Ahold Delhaize USA
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    Kellanova to make Cheez-It crackers with regenerative wheat for East Coast grocery stores in unique pilot

    Ahold Delhaize USA, owner of Food Lion, Giant Food and Stop & Shop, is teaming with the snacking giant and grain cooperative Bartlett to reduce emissions from field to shelf. 

    By Sarah Zimmerman • June 18, 2024
  • Tender plant based shredded pork
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    Courtesy of Tender
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    Plant-based startup Tender secures deal with fast food chain

    The Boston company is using newly acquired cash to expand into restaurants and innovate with new products.

    By June 18, 2024
  • athletic brewing
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    Courtesy of Athletic Brewing
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    Athletic Brewing buys second San Diego facility

    The nonalcoholic beer category leader is expanding its manufacturing footprint in order to capitalize on the growth of its brews.

    By June 17, 2024
  • A lineup of five aluminum water bottles from the Deer Park, Poland Spring, Pure Life, Arrowhead and Ice Mountain brands.
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    Courtesy of BlueTriton Brands
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    Primo, Poland Spring owner BlueTriton agree to water merger

    The new company, which expects to have combined net revenues of $6.5 billion, will serve millions of consumers across different product formats, channels, price points and usage occasions. 

    By June 17, 2024
  • Nestlé's new limited-time DiGiorno pizzas with ties to the upcoming movie Deadpool & Wolverine
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    Courtesy of Nestle
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    Nestlé taps into limited-time offerings to boost relevance of DiGiorno pizza

    Products with unique toppings tied to the Deadpool & Wolverine movie are designed to increase shelf space and deepen the brand’s relationship with consumers, the food company said.

    By June 17, 2024
  • A package of Biscoff cookies.
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    Permission granted by Lotus Bakeries
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    Mondelēz CEO says Biscoff will play “unique role” in snack giant’s portfolio

    The packaged goods company recently partnered to develop products combining Biscoff's taste and texture with Mondelēz’s chocolate brands.

    By June 17, 2024
  • goodpop hydration pops
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    Courtesy of GoodPop
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    Column

    Leftovers: GoodPop refreshes ice pops with electrolytes | ‘TikTok’s First Family’ debuts new popcorn flavors

    The frozen treats maker launched Hydrating Freezer Pops, while Tyson leans into home cooking with its latest chicken products.

    By Food Dive staff • June 14, 2024
  • Music star Dolly Parton enters wine with her latest product launch.
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    Permission granted by Accolade Wines
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    Column

    The Weekly Sip: L.A. Libations to launch startup beverage incubator | Dolly Parton, Snoop Dogg debut alcohol offerings

    The incubator announced a new venture to help brands grow quicker, and the music superstars aim to impress drinkers with their latest products.

    By Food Dive staff • June 13, 2024
  • cannabis
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    Lauren DeCicca via Getty Images
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    From lager to leaf: Behind Green Thumb’s bid for Boston Beer merger

    Joining forces could allow the new entity to innovate in categories including edibles and drinks, the cannabis company’s CEO said.

    By June 13, 2024
  • Mondelēz International and Lotus Bakeries enter into a strategic partnership.
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    Courtesy of Mondelez International
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    Mondelēz and Biscoff owner Lotus Bakeries partner to develop new products

    The companies will create offerings that meld the flavor and texture of the popular cookie with Mondelēz's Cadbury, Milka and other chocolate brands.

    By June 13, 2024
  • coffee
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    Retrieved from La Colombe.
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    Q&A

    Inside Chobani’s integration of its $900M acquisition of La Colombe

    The Greek yogurt giant has spent $30 million to improve its La Colombe plant in Michigan and to increase pay and benefits for the coffee brand’s workforce.

    By June 12, 2024
  • The Better Meat Co. Rhiza mycoprotein
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    Permission granted by The Better Meat Co.
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    The Better Meat Co. reduces its mycelium production costs by 30%

    The Sacramento, California-based company is looking to provide its Rhiza ingredient to large food companies at scale with its new production process.

    By June 11, 2024
  • Hogs raised on an Illinois farm.
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    Scott Olson via Getty Images
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    Prop 12 offsets ‘big pop’ in pork market, expert says

    Increased demand from Mexico and other trading partners is keeping prices afloat as domestic consumption sags.

    By Nathan Owens • June 10, 2024
  • A grocery store's baking aisle is out of flour in June 2020.
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    Megan Poinski/Food Dive
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    Opinion

    Can agile supply chains ease pressures for FMCGs?

    To best navigate the fallout of geopolitical conflicts, inflation and unpredictable demand, CPGs should look toward cultivating an adaptable strategy.

    By Katy Gallagher • June 5, 2024
  • anchor brewing
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    Justin Sullivan via Getty Images
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    Chobani founder and CEO buys Anchor Brewing

    Billionaire Hamdi Ulukaya purchased the oldest craft brewery in the U.S., which closed last year, for an undisclosed amount.

    By June 3, 2024
  • bodyarmor
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    Courtesy of BodyArmor Sports Nutrition
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    Q&A

    Inside the nonalcoholic beverage incubator big and small companies turn to for advice

    L.A. Libations, which has served as an accelerator for Body Armor, Core and Athletic, has a reputation for spotting trends and helping nascent brands navigate the growing popularity of booze-free drinks.

    By June 3, 2024
  • hormel jennieo turkey
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    Courtesy of Hormel
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    Turkey pressures Hormel profits

    Despite challenges from bird flu and inflation weighing on its sales, the Minnesota-based company saw gains in Planters, Corn Nuts and other snacks.

    By May 31, 2024