Finances and Deals


  • Image attribution tooltip
    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 Nov. 23, 2021
  • Image attribution tooltip
    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 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 Nov. 22, 2021
  • Image attribution tooltip
    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 Nov. 22, 2021
  • Image attribution tooltip
    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 Nov. 18, 2021
  • Image attribution tooltip
    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 Nov. 18, 2021
  • Image attribution tooltip
    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 Nov. 17, 2021
  • Image attribution tooltip
    Permission granted by Sanderson Farms

    Sanderson and Wayne Farms merger 'an opportunity that doesn't come along very often,' CEO says

    Clint Rivers said the new company — which would be the third-largest U.S. poultry processor after the deal closes — will benefit from expansion into new categories and growing demand for chicken.

    By Nov. 17, 2021
  • Image attribution tooltip
    Courtesy of Hoop Tea

    Anheuser-Busch buys alcoholic beverage brand Hoop Tea

    The Maryland-based company, known for its infused malt drinks and seltzers, will join the beverage giant's Beyond Beer portfolio.

    By Nov. 16, 2021
  • Image attribution tooltip
    Courtesy of Mosa Meat

    How Blue Horizon uses food tech investments to further sustainability

    The firm puts funds toward alternative protein companies worldwide, focusing on their potential to improve the environment, human health and animal welfare.

    By Nov. 15, 2021
  • Image attribution tooltip
    Courtesy of Sol Cuisine

    Marfrig, ADM plant-based venture expands with 2 North American acquisitions

    PlantPlus Foods, formed in 2020 to create products for North and South American markets, is buying the maker of Hilary's veggie burgers and private-label manufacturer Sol Cuisine for about $100 million.

    By Nov. 15, 2021
  • Image attribution tooltip
    Retrieved from General Mills.

    General Mills considering sale of Progresso, Hamburger Helper for $3B, Bloomberg reports

    The CPG giant is working with Goldman Sachs on a potential sale, which also could include some smaller brands in its portfolio.

    By Nov. 11, 2021
  • Image attribution tooltip
    Courtesy of Beyond Meat

    Beyond Meat shares tumble after company reports lower-than-expected revenues

    Several factors contributed to the plant-based meat leader missing its targets, CEO Ethan Brown said, but he is optimistic about the company's future.

    By Nov. 11, 2021
  • Image attribution tooltip
    Retrieved from Dot's Homestyle Pretzels.

    Hershey buys Dot's Homestyle Pretzels and its co-manufacturer for $1.2B

    CEO Michele Buck calls the company's second-largest deal a "growth play" as the CPG giant expands its portfolio beyond confections into salty snacks popular with consumers.

    By Nov. 10, 2021
  • Image attribution tooltip
    Courtesy of The Real Good Food Company

    Real Good Food exec says IPO will accelerate its possibilities

    With the Nasdaq debut of the better-for-you frozen comfort food company, Executive Chairman Bryan Freeman is bullish on its next-generation approach to brand equity and growth potential.

    By Nov. 8, 2021
  • TreeHouse Foods exploring options that could include sale

    The private label food maker, which has been under pressure by activist Jana Partners, also said it may divest part of its business to focus on snacks and beverages. 

    By Nov. 8, 2021
  • Image attribution tooltip
    Permission granted by Greenleaf Foods

    Maple Leaf plans review of plant-based division after sales declines

    The Canadian meat giant will be looking at why consumers are less interested in purchasing its Lightlife, Field Roast and Chao brands, but did not say if it would consider selling them off.

    By Nov. 5, 2021
  • Image attribution tooltip
    Courtesy of Upside Foods

    Tracking the cell-based meat space

    Big Food takes a stake in the space as JBS intends to purchase BioTech Foods and invest $100 million in facilities on both Spain and Brazil.

    By Updated Nov. 19, 2021
  • Image attribution tooltip
    Courtesy of Future Farm

    Future Farm lands $58M investment round

    The Brazilian company, which brought its plant-based Future Burgers to the U.S. this summer, plans to launch more of its meat analogs here, as well as expand into dairy alternatives.

    By Nov. 4, 2021
  • Image attribution tooltip
    Courtesy of TurtleTree

    TurtleTree closes $30M funding round

    After a year of partnerships and opening a new California R&D center, the company using cell-culturing technology to create human and cow milk has money to invest in product development.

    By Nov. 2, 2021
  • Image attribution tooltip
    Permission granted by Vita Coco

    Once-hot food and beverage IPOs lose their sizzle as investor enthusiasm fades

    A review of 13 companies that have gone public since July 2020 through traditional IPOs or mergers with SPACs show all but one of the listings are trading below where they first came to market.

    By Nov. 2, 2021
  • Image attribution tooltip
    Retrieved from BodyArmor.

    Coca-Cola buys rest of BodyArmor for $5.6B in company's largest-ever purchase

    The beverage giant first acquired a 15% stake in 2018. The brand has since grown to become the second-best selling sports drink with $1.4B in sales, behind PepsiCo's Gatorade.

    By Nov. 1, 2021
  • Image attribution tooltip
    Retrieved from NexPhase Capital on November 01, 2021

    Grupo Bimbo's Barcel USA expands into ready-to-eat popcorn with latest acquisition

    The salty snack maker known for Takis bought a popcorn brand that touts a wide range of indulgent flavors, as well as better-for-you options.

    By Jessi Devenyns • Nov. 1, 2021
  • Image attribution tooltip
    Courtesy of Nick's

    Nick's closes $100M funding round

    The Swedish company known for its better-for-you ice cream and snack bars plans to accelerate its U.S. expansion and invest in more R&D.

    By Oct. 28, 2021
  • Image attribution tooltip
    Courtesy of Daring Foods

    Daring Foods raises $65M and launches at Walmart

    The plant-based chicken maker has raised more than $120 million over the past year as it prepares for further retail expansion and new products.

    By Oct. 28, 2021