Finances and Deals


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    Courtesy of Bolthouse Farms

    Cost of Fourth of July cookouts to jump by double digits this year

    Price increases for food items like chicken, bread and soda have made this year’s holiday a more expensive celebration, according to two recent analyses.

    By July 1, 2022
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    Permission granted by Sanderson Farms

    Sanderson, Wayne Farms merger delayed

    In a new SEC filing, Sanderson Farms said it still expects the deal to close but not in its expected timeframe of mid-2022.

    By June 29, 2022
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    Courtesy of Eclipse Foods

    Eclipse Foods scoops up more than $40M to invest in plant-based dairy

    The ice cream maker’s signature ingredient blend can enable an entire non-milk platform, and additional products will launch next year.

    By June 28, 2022
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    Courtesy of Atomo Coffee

    Atomo raises $40M for molecular coffee and launches RTD products

    The beans-free startup will begin shipping cold brew and latte products that aim to deliver a similar taste as traditional options, but with improved sustainability.

    By June 28, 2022
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    Courtesy of Sapporo USA

    Sapporo USA to acquire Stone Brewing in deal valued at $165M

    By acquiring the ninth largest craft brewer in the U.S., the Japanese beer giant is gaining production capacity and a launching ground for its own brand.

    By June 24, 2022
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    Kuklev via Getty Images

    Chinova Bioworks raises $6M for clean-label preservative

    Investors in the company and its ingredient made from upcycled mushrooms include the venture arms of Royal DSM and Rich Products.

    By June 23, 2022
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    Courtesy of Crush Dynamics

    How CrushDynamics upcycles wine waste into a nutritious ingredient

    The Canadian company uses fermentation to make polyphenol-rich blends that can enhance flavor, reduce salt, block bitterness and extend shelf life, and plans to take its tech to winemaking regions worldwide.

    By June 23, 2022
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    Mark Wilson via Getty Images

    How food tech companies can raise money in a slowing economy

    Investors still want to put funds toward well-established players in the sector, and M&A, partnerships and joint ventures will continue to proliferate, said panelists at the Future Food-Tech Alternative Proteins conference this week.

    By June 23, 2022
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    Justin Sullivan via Getty Images

    Splitting Kellogg is the best way to drive growth, CEO says

    In an interview, Steve Cahillane said dividing the 116-year-old CPG will unlock value and create three "healthy, strong companies” in plant-based food, cereal and snacks.

    By June 22, 2022
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    Tim Boyle via Getty Images

    Kellogg splitting into 3 companies

    The CPG will spin off its North American cereal and plant-based foods operations while retaining its global snacking business. The separation is slated to be complete by the end of 2023.

    By , Updated June 21, 2022
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    Courtesy of Clif Bar

    Mondelēz to buy Clif Bar for at least $2.9B

    The purchase of the Clif, Luna and Clif Kid brands further expands the CPG giant’s reach in snacking while giving it a major presence in the high-growth bar business.

    By Updated June 20, 2022
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    Courtesy of The Live Green Group

    Live Green Group partners with Sigma to make clean-label ingredients

    This agreement will utilize the startup’s Charaka algorithm and the Mexican food giant’s reach to create alternatives to things like methylcellulose, gums and emulsifiers.

    By June 16, 2022
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    Courtesy of Nestlé

    Nestlé sells Chameleon coffee to food and beverage operator

    The divestiture to Systm Foods for an undisclosed amount comes five years after the food giant purchased the brand as part of a broader effort to grow its presence in the popular beverage category.

    By June 16, 2022
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    Courtesy of Moolec Science

    Moolec Science to go public through SPAC merger

    The company, which uses bioengineered plants to produce animal proteins, is valued at $504 million in the deal.

    By June 16, 2022
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    Catherine Douglas Moran/Food Dive

    Magic Spoon raises $85M as better-for-you cereal launches at retail

    The former DTC brand has built a large fan base of Gen Z and millennial consumers thanks to its low-sugar, high-protein offerings in fun flavors.

    By June 14, 2022
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    Courtesy of Coca-Cola

    Coca-Cola partners with Brown-Forman to launch Jack Daniel's RTD cocktail

    The beverage, which marks the soda giant’s fourth alcoholic offering, will be sold around the world. The initial rollout is planned for Mexico in late 2022. 

    By June 13, 2022
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    Courtesy of Danone

    Danone's venture arm invests in oat milk maker Minor Figures

    The minority stake will allow the upstart to expedite its global footprint while enabling the CPG giant to deepen its presence in the fast-growing plant-based beverage subcategory.

    By June 13, 2022
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    Retrieved from Foster Farms.

    Chicken company Foster Farms purchased by private equity firm

    Acquirer Atlas Holdings has named former Tyson CEO Donnie Smith to lead the poultry processor, which has $3 billion in annual revenue.

    By June 8, 2022
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    Courtesy of J.M. Smucker

    Jif recall may cost Smucker $125M

    Salmonella contamination in products from the company’s largest peanut butter plant triggered a massive recall last month, which could subtract about 2% from total sales, the jam maker said.

    By June 8, 2022
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    Permission granted by Eat the Change

    Jilted by Coca-Cola, Honest co-founder plans new RTD tea launch

    Just two weeks after the beverage giant announced it would discontinue the line in 2022, Seth Goldman said his yet-to-be named drink would have the same values and similar recipes.

    By June 6, 2022
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    Courtesy of Royal DSM

    DSM, Firmenich to merge into 'powerhouse of innovation and creativity'

    The Dutch chemicals giant and Swiss ingredients maker will combine in a $21 billion deal to pursue natural, clean-label and sustainable products.

    By June 2, 2022
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    Courtesy of Joywell Foods

    Joywell Foods nets $25M from Kraft Heinz VC and others for sweet protein commercialization

    The company, which uses fermentation to create substances found in super sweet African fruits, is working toward bringing a line of beverages to market.

    By June 2, 2022
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    Christopher Doering/Food Dive

    Beer drinkers clinging to higher-priced brews as inflation rages, Molson Coors CEO says

    In an interview, Gavin Hattersley said price increases for the alcoholic beverage are trailing those hitting gas and other food categories, making it an affordable offering for many people.

    By June 2, 2022
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    Permission granted by Unilever

    Activist Nelson Peltz to join Unilever board

    The investor, whose group owns a 1.5% stake in the European CPG giant, has a track record of pushing large food companies to split off less profitable divisions.  

    By May 31, 2022
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    Justin Sullivan via Getty Images

    General Mills to sell Helper, Suddenly Salad for $610M

    Eagle Foods, known for its sweetened condensed milk, will buy the two brands. The transaction could help both companies expand in growing categories.

    By May 25, 2022