Finances and Deals


  • Molson Coors
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    Christopher Doering/Food Dive
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    Molson Coors brewery workers strike in Texas

    The local Teamsters chapter in Fort Worth is demanding pay raises to account for inflation, as another potential picket line looms over AB InBev.

    By Feb. 21, 2024
  • molson coors
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    Justin Sullivan via Getty Images
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    Molson Coors bullish on beer as AB InBev cedes market share

    Core brands in the category like Coors Light have seen growth over the last nine months, a trend the company’s CEO does not see going away.

    By Feb. 14, 2024
  • Whole Earth Brands, sugar, sweetener, equal
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    Permission granted by Whole Earth Brands
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    Equal owner Whole Earth Brands to go private in sweetened takeover bid

    The company, which has been exploring strategic alternatives, agreed to a $4.875 per share offer by an affiliate of Sababa Holdings FREE. The deal is expected to close in the second quarter.

    By Feb. 13, 2024
  • gin juice dre snoop
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    Courtesy of Gin & Juice By Dre and Snoop
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    Snoop Dogg, Dr. Dre bring hit ‘Gin & Juice’ to the beverage space

    Thirty years after the two unleashed the namesake song to the public, the rappers have partnered on a RTD cocktail offering.

    By Feb. 13, 2024
  • kellanova
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    Courtesy of Kellanova
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    Kellanova to close US frozen foods plant, UK factory

    The closures are part of the CPG giant’s cost-cutting plan, which it accelerated after spinning off its cereal business in 2023.

    By Feb. 9, 2024
  • Improved yellow peas grown through Equinom's breeding program.
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    Permission granted by Equinom
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    Louis Dreyfus building new pea protein facility

    An increasing shift to plant-based protein, especially for dairy products, is driving demand for the ingredient.

    By Feb. 8, 2024
  • seth rogen
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    Courtesy of Cometeer
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    Seth Rogen’s lifestyle brand partners with frozen coffee maker

    The collaboration is the first product in the food and beverage space from the actor’s brand which targets cannabis consumers.

    By Feb. 6, 2024
  • cocoa farming
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    Justin Sullivan via Getty Images
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    Surging cocoa prices could lead to Valentine’s Day sticker shock

    Supply remains scarce due to heavy rains and the spread of black pod disease in West Africa, according to a recent CoBank report.

    By Sarah Zimmerman • Feb. 6, 2024
  • white claw 0%
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    Courtesy of White Claw
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    Behind White Claw’s big nonalcoholic seltzer bet

    The hard seltzer pioneer is targeting drinking-aged consumers who are looking to imbibe less or stop altogether, a top executive said.

    By Feb. 6, 2024
  • Tyson branded food products
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    Joe Raedle via Getty Images
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    Tyson signals ‘bold actions’ are working amid beef headwinds

    After several plant closures last year, more cost-cutting could be on the horizon with the CEO vowing that “everything remains on the table.”

    By Nathan Owens • Feb. 6, 2024
  • Cherry tomatoes
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    akinoreV via Getty Images
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    Opinion

    Why a new ‘tomato tax’ is rotten to the core

    Suspending the tomato trade agreement between the U.S. and Mexico would cost jobs and lead to higher prices for retailers and consumers, a NatureSweet exec writes. 

    By Skip Hulett • Feb. 5, 2024
  • Meati Foods jerky
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    Permission granted by Meati Foods
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    Meati Foods names CPG veteran to CFO as company juggles growth, profitability

    The appointment of Phil Graves comes amid a slowdown in plant-based sales as cash-strapped consumers watch their spending.

    By Feb. 5, 2024
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    Dylan Rives via Getty Images
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    Keurig Dr Pepper expands partnership with Lavazza

    The beverage giant will sell and distribute Lavazza’s K-Cups more widely while introducing the Italian company's Kicking Horse brand to the popular pod format.

    By Feb. 2, 2024
  • phytolon ginkgo
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    Courtesy of Phytolon
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    Phytolon, Ginkgo Bioworks reach milestone with natural colors

    The biotech companies developed a range of yellow to purple hues using yeast fermentation, with the intent of bringing the products to market soon.

    By Feb. 1, 2024
  • A person carrying a tote bag looks at items on a grocery store shelf
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    Brandon Bell via Getty Images
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    Food trends for 2024: What’s to come this year

    Inflation, consumer fatigue over price increases and other factors continue to weigh on companies. Everything from beverages to snacking is set to change in the year ahead.

    By Food Dive staff • Jan. 31, 2024
  • The main headquarters of Utz Brands in 2016.
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    Retrieved from Utz Quality Foods Inc. on November 14, 2023
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    Utz to sell 2 brands and manufacturing facilities to Popchips owner for $182.5M

    The transaction will help the pretzel and chip maker improve its supply chain, reduce its debt and better position its portfolio for growth.

    By Jan. 31, 2024
  • A jar of Knott's Berry Farm jam.
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    Retrieved from J.M. Smucker.
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    J.M. Smucker discontinues Knott’s Berry Farm jam and cookie brand

    A spokesperson said the decision was part of the company’s strategy to “evaluate our portfolio and ensure we are dedicating resources to the areas with the greatest growth potential.”

    By Jan. 25, 2024
  • Pureture plant-based casein
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    Permission granted by Pureture
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    Plant-based casein maker lands first commercial partner

    Pureture’s partnership with South Korean dairy manufacturer Namyang “validates the functionality” of its product.

    By Jan. 25, 2024
  • Bars from Mars' Nature's Bakery brand.
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    Retrieved from Mars.
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    Mars to build $237M facility for its Nature’s Bakery brand in Utah

    The plant will meaningfully increase capacity for the granola and snack bar brand, which has become the eighth best-selling and fastest-growing product in the category.

    By Jan. 24, 2024
  • Oatly and Carvel partnership
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    Permission granted by Oatly
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    Oatly and Carvel partner to bring dairy-free flavors to stores nationwide

    The self-described “cult classic ice cream shoppe,” will offer oat-based soft serve, scoops, and ice cream sandwiches in 18 states.

    By Jan. 23, 2024
  • Celsius
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    Christopher Doering/Food Dive
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    Celsius broadens international reach with distribution deals in Canada, UK

    The energy drink maker also has identified Germany, Japan and Australia as “big opportunities” for new markets as it increases its reach outside the U.S.

    By Jan. 22, 2024
  • Caribou Coffee
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    Permission granted by Caribou Coffee
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    JDE Peet’s reaches $260M licensing deal with Caribou Coffee

    The transaction will allow JDE Peet’s to expand its premium portfolio in North America, while giving Caribou the ability to focus on its growing coffeehouse business.

    By Jan. 19, 2024
  • Molson Coors' Miller Lite brand introduces mints to help Dry January consumers.
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    Courtesy of Molson Coors
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    Column

    Leftovers: Miller Lite freshens up mint aisle | Organic Valley’s latest milk is a no-brainer

    The Molson Coors brand makes an appeal to Dry January participants while rapper Snoop Dogg's Broadus Foods ventures into frozen treats.

    By Food Dive staff • Jan. 19, 2024
  • Imagindairy lab
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    Courtesy of Imagindairy
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    Imagindairy promises to offer animal-free dairy at cost parity

    The Israel-based food tech startup acquired its own industrial-scale, precision fermentation production lines focused on alternative dairy ingredients.

    By Jan. 17, 2024
  • deleon tequila
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    Courtesy of Diageo
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    Diageo settles legal dispute with Diddy over spirits brands

    The alcohol giant, which is cutting ties with the rapper, will remain the sole owner of DeLeón tequila and Ciroc vodka.

    By Jan. 17, 2024