Finances and Deals
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Justin Sullivan via Getty Images
Monster Energy enters alcohol with $330M purchase of Canarchy Craft Brewery
The decision to jump into beer and hard seltzer comes as nonalcoholic beverage companies aim to cover more drinking occasions and spur growth.
By Christopher Doering • Updated Jan. 13, 2022 -
Justin Sullivan via Getty Images
Dole seeks acquisitions, sourcing shifts to grow produce supply
The company is focusing on growing its presence in high-selling categories like berries and avocados as it navigates supply disruptions to other products.
By Sarah Zimmerman • Jan. 10, 2022 -
Courtesy of Oterra
Oterra makes first US acquisition with Food Ingredient Solutions
The purchase of the New Jersey-based natural color and antioxidant producer adds to a string of deals by the former Chr. Hansen division.
By Samantha Oller • Jan. 6, 2022 -
Retrieved from Coca-Cola.
Coca-Cola to launch canned Fresca cocktail with Constellation Brands
The expansion in alcohol follows the beverage giant's successful partnership with Molson Coors last year to create Topo Chico Hard Seltzer.
By Christopher Doering • Jan. 6, 2022 -
Courtesy of Remilk
Remilk raises $120M for animal-free dairy
The Israel-based company, which already has facilities in the U.S. and Europe, plans to use the funds to scale its proteins for use as ingredients.
By Megan Poinski • Jan. 6, 2022 -
Courtesy of Liquid Death
Liquid Death raises $75M in funding round that values water brand at more than $500M
The company, which sources water from the Alps, is introducing flavored varieties with names such as Berry It Alive and Mango Chainsaw.
By Christopher Doering • Jan. 6, 2022 -
Mark Wilson via Getty Images
2021's top M&A deals in the food and beverage industry
The past year saw several instances where both buyers and sellers emerged in a position that offered more sustainable growth in the years ahead.
By Food Dive staff • Jan. 3, 2022 -
Delmaine Donson via Getty Images
M&A deals that shaped the ingredients space in 2021
Consumer trends toward clean label, gut health and sweeteners helped drive some of the biggest acquisitions over the past year.
By Food Dive staff • Dec. 23, 2021 -
IPOs surge to record in 2021 with most issuers hitting target price: EY
Fiscal stimulus, low interest rates and abundant capital are some of the forces driving robust IPO and SPAC deal activity in sectors including food and beverage, the consulting firm said.
By Jim Tyson • Dec. 23, 2021 -
Courtesy of Impossible Foods
Top 10 food funding rounds of 2021
The year has had 13 unique investment periods where companies received more than $100 million — a trend that is not likely to end soon, experts say.
By Megan Poinski • Dec. 23, 2021 -
Courtesy of Future Meat Technologies
Future Meat Technologies raises $347M and makes a $1.70 cell-based chicken breast
The Israeli cultivated meat company also has plans to break ground on a U.S. facility in 2022, with operations beginning in 2024.
By Megan Poinski • Dec. 20, 2021 -
JM Smucker sells juice and grains businesses, and will shut down plant
Nexus Capital Management will buy R.W. Knudsen juices and TruRoots easy-to-cook ancient grains for $110 million, and a Wisconsin facility that makes jams, jellies and ice cream toppings will close its doors in 2022.
By Megan Poinski • Dec. 16, 2021 -
Courtesy of The Urgent Company
Coolhaus acquired by Perfect Day-affiliated The Urgent Company
The premium ice cream maker, which is being purchased for an undisclosed price, will eventually make all of its dairy products with animal-free proteins.
By Megan Poinski • Dec. 13, 2021 -
Retrieved from Parm Crisp.
Hain Celestial spends $259M for better-for-you cheese crisp and cookie brands
The organic and natural food giant said the addition of ParmCrisps and Thinsters will deepen its position in the snacking category and further establish it as a high-growth, healthy food manufacturer.
By Christopher Doering • Dec. 13, 2021 -
Courtesy of Strong Roots
McCain invests $55M in plant-based frozen brand Strong Roots
The global potato giant adds the Irish company known for Cauliflower Hash Browns and veggie burgers to its portfolio of partners in the trendy better-for-you space.
By Megan Poinski • Dec. 8, 2021 -
Courtesy of The Every Company
The Every Company gets $175M investment
The funds will help the animal-free egg white company continue its expansion and commercialization of its ingredients made by precision fermentation.
By Megan Poinski • Dec. 7, 2021 -
Permission granted by LiveKuna
Bakery giant Grupo Bimbo investing in superfood maker LiveKuna
The owner of Sara Lee and Thomas' English Muffins also will partner with the upstart to expand distribution in North America of its products made from ingredients like quinoa and chia.
By Christopher Doering • Dec. 6, 2021 -
Permission granted by Florida Food Products
Comax Flavors sells majority stake to Florida Food Products
The natural flavors company will become part of FFP's taste division and further expand its portfolio of clean label ingredients.
By Samantha Oller • Dec. 2, 2021 -
Courtesy of New Culture Foods
New Culture raises $25M to launch animal-free cheese in 2022
The funding round — which includes venture arms of Kraft Heinz, ADM and Dr. Oetker — will help the company scale and grow as it plans to commercialize its cow-free mozzarella.
By Megan Poinski • Nov. 23, 2021 -
Courtesy of Impossible Foods
Impossible Foods raises $500M, bringing its lifetime funding to more than $2B
The company, which says it is the fastest growing in plant-based meat, plans to use the money to accelerate its expansion in the U.S. and abroad.
By Megan Poinski • Nov. 23, 2021 -
Monster Beverage exploring deal with Constellation Brands, Bloomberg reports
The exact type of transaction between the energy drink maker and the Corona brewer, whether it involves a merger or a specific asset, is uncertain, the news service said.
By Christopher Doering • Nov. 22, 2021 -
Courtesy of Greenleaf Foods
What's behind the slowdown in plant-based meat sales?
With major companies posting lower-than-expected revenues, the once-hot sector is looking less appealing to investors. Three analysts give their take on what happened and the segment's future.
By Megan Poinski • Nov. 22, 2021 -
Matthew Stockman via Getty Images
JBS enters cell-based meat with BioTech Foods acquisition and $100M investment
The world's largest meat company is the first to make an acquisition in the growing space, and plans to build a production facility in Spain and a cultivated meat R&D center in its home country of Brazil.
By Megan Poinski • Nov. 18, 2021 -
Courtesy of Local Bounti
Local Bounti aims to prove it's worth the investment despite indoor farming's spotty track record
With the pending close of its SPAC deal, the firm believes it can execute and turn a profit thanks to a focus on unit economics and local distribution in the Western U.S.
By Samantha Oller • Nov. 18, 2021 -
Courtesy of Chobani
Chobani reveals surging sales as it moves closer to IPO
The Greek yogurt maker, which plans to list on the Nasdaq under the symbol "CHO," posted revenue of $1.4 billion in 2020 with losses of $58.7 million, according to an SEC filing.
By Christopher Doering • Nov. 17, 2021
