Finances and Deals
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Retrieved from Grain Processing Corporation on September 27, 2023
GPC secures another speciality flour milling facility in an effort to expand plant-based reach
To cater to sustainability-conscious consumers, the company will initially use the facility as an extension to its soy and chickpea milling operations in Grinnell, Iowa.
By Elizabeth Flood • Sept. 28, 2023 -
Q&A
From a small Chicago storefront to a CPG contender, a Q&A with Wow Bao’s CEO
Geoff Alexander, a restaurant industry veteran, started as a fry cook at his local university watering hole and now is a bao CPG giant. He spoke to Food Dive about his nontraditional path.
By Judy McGuire • Sept. 28, 2023 -
JM Smucker to sell Sahale Snacks to Brownie Brittle owner for $34M
The deal with Second Nature Brands comes just two weeks after the jam and peanut butter company announced plans to buy Twinkies manufacturer Hostess Brands for $5.6 billion.
By Christopher Doering • Sept. 28, 2023 -
Q&A
Talking hot honey, scale and how to create a buzz with Mike Kurtz, founder of Mike’s Hot Honey
The sweet-heat trend has been around for ages. But this unique product, at first paired with pizza, developed a brand new food category and helped create the swicy category.
By Judy McGuire • Sept. 27, 2023 -
From a high school project to taking on Dippin’ Dots: How Mini Melts is heating up ice cream
Sales are growing 35% annually and within striking distance of $100 million in the next 18 months as the brand enters new stores and regions, its CEO said in an interview.
By Christopher Doering • Sept. 25, 2023 -
Meati Foods reduces staff by 10% as it focuses on profitability
The fermented meat company said the layoffs were not a result of the demand it has seen for its products.
By Elizabeth Flood • Sept. 22, 2023 -
Slumping demand forces 2 California plant-based startups to close
Hooray Foods and Nowadays join a growing list of companies in the category that have gone out of business or scaled back their growth plans.
By Elizabeth Flood • Sept. 21, 2023 -
Why Bettering saw an opening for luxury edibles
The company, which recently launched in Illinois, says its gummies contain minimal ingredients such as brewed tea and real fruits that prioritize a more consistent infusion of THC into the products.
By Chris Casey • Sept. 20, 2023 -
Food tech venture capital deal sizes decline for the first time in seven years
Despite the drop, the number of investments increased to 268 in the second quarter as activity rebounded following the collapse of Silicon Valley Bank in March, according to a PitchBook report.
By Elizabeth Flood • Sept. 19, 2023 -
Goodles refreshes leadership as it brings in $13M in Series A funding
The food brand known for its “better-for-you” boxed mac and cheese named a new CFO, chief marketing officer and senior vice president of sales.
By Howard Ruben • Sept. 19, 2023 -
How Chamberlain Coffee aims for broad appeal while catering to Gen Z
The viral brand, launched online in 2020 by YouTube star Emma Chamberlain, has expanded into retail while touting attributes popular across generations, such as accessibility and sustainability.
By Chris Casey • Sept. 18, 2023 -
Mondelēz quietly winds down brands it created in its SnackFutures VC arm
The snacking giant said it no longer sells Dirt Kitchen and CaPao, with the venture capital division shifting its focus to investing in already established startups.
By Christopher Doering • Sept. 18, 2023 -
Bacardi buys Ilegal to capture premium mezcal market
The liquor giant’s acquisition of the beverage brand comes amid growing interest in premium agave-based spirits.
By Chris Casey • Sept. 14, 2023 -
Upside Foods announces first large-scale production plant: Rubicon
The cultivated meat maker selected the Chicago metro area as home for its next phase of growth.
By Elizabeth Flood • Sept. 14, 2023 -
Molson Coors boosts its investment in Zoa Energy
The two companies partnered in 2021 following the launch of Dwayne “the Rock” Johnson’s co-founded energy drink brand.
By Chris Casey • Sept. 12, 2023 -
JM Smucker to buy Twinkies manufacturer Hostess Brands for $5.6B
The purchase will deepen the jam and peanut butter maker’s presence in growing categories and consumer occasions focused on convenience.
By Christopher Doering • Sept. 11, 2023 -
Eat Just’s Good Meat division fails to pay $30M worth of invoices
While it’s unknown why the cultivated meat company did not make the payments as ABEC claims, a source said the two sides are working to reach a settlement.
By Elizabeth Flood • Sept. 8, 2023 -
Retrieved from By Chef Ramsay on September 08, 2023Column
Leftovers: Gordon Ramsay debuts frozen meals | Banza brings chickpeas to breakfast
The celebrity chef is entering the freezer aisle with premium entrees, and Nestlé embraces nostalgia with a PB&J-flavored Coffee mate creamer.
By Food Dive staff • Sept. 8, 2023 -
Behind the Tindle Foods rebrand and new product launch
Co-founder and CEO Andre Menezes says the brand “holds itself to a very high standard,” and is focused on launching products with clean ingredients.
By Elizabeth Flood • Sept. 6, 2023 -
From a regional soda to a national brand: How Sprecher is taking on Coca-Cola and PepsiCo
The Wisconsin-based company has spent millions of dollars and taken on debt to add production, staff and warehouse capacity to bring its craft beverages into 49 states.
By Christopher Doering • Sept. 6, 2023 -
TreeHouse to sell snack bars business, plant to John B. Sanfilippo for $63M
The divestiture will allow the private-label giant to focus on high-growth and high-margin categories while enabling John B. Sanfilippo to diversify its offerings.
By Christopher Doering • Sept. 6, 2023 -
Hormel lowers outlook amid challenging pork and turkey backdrop
Weak prices offset sales volume growth in the third quarter as the food processor struggled with supply chain issues that resulted in a hefty arbitration payment.
By Nathan Owens • Sept. 5, 2023 -
Eat Just, maker of plant-based eggs and cultivated chicken, gets a funding boost
The money comes as the company continues scaling in the U.S. and tries to reach profitability.
By Elizabeth Flood • Sept. 5, 2023 -
Plant-based sales in food service surge, rebuffing broader slowdown in category
With COVID-19 restrictions over, the space is seeing promise in the food service sector after a pandemic-induced decline.
By Elizabeth Flood • Sept. 1, 2023 -
Hain Celestial’s CEO describes her ‘prove it’ strategy as challenges loom
Wendy Davidson, who took over in January, said the organic and natural products giant has reached “an inflection point” where the 30-year-old business can “unlock” its potential.
By Christopher Doering • Aug. 29, 2023