Brown-Forman sells chardonnay maker to Duckhorn for $400M

The luxury wine company said its purchase of Sonoma-Cutrer Vineyards brings a leading brand in the growing chardonnay category to its portfolio.

By Chris Casey • Nov. 20, 2023

Snickers maker Mars to buy UK chocolatier for $665M

The purchase of Hotel Chocolat expands the confectionery giant’s presence in the region and increases its exposure to premium offerings.

By Christopher Doering • Nov. 16, 2023

Explore the Trendline➔

Mergers and acquisitions

Declining sales and slowing consumption have more companies divesting brands, opening the door for smaller players and private equity firms to expand their portfolios.  

By Food Dive staff

How grocery shoppers are planning to celebrate winter holidays amid food cost concerns

Half of surveyed consumers said they’re concerned about rising prices for holiday celebrations, per findings from FMI – The Food Industry Association.

By Catherine Douglas Moran • Nov. 16, 2023

Tyson leaving ‘no stone unturned’ in plans to cut costs, improve the business

The nation’s largest meat packer reported its third consecutive loss as it trudges through a period of margin compression driven by tighter supplies, lower pricing and soft demand.

By Nathan Owens • Nov. 14, 2023

Why Magnolia Bakery has high hopes for edibles endeavor

The New York City chain’s entrance into cannabis signals the continued promise food and beverage companies see in the space despite a lack of federal regulation.

By Chris Casey • Nov. 14, 2023

Beyond Meat in ‘survival mode’ with going-concern risk a possibility, analyst says

A TD Cowen report pointed to several troubling signs for the plant-based pioneer, including loss of market share, struggles to attract and retain consumers, rising debt level and declining sales.

By Elizabeth Flood • Nov. 13, 2023

General Mills buys pet supplements maker Fera Pets for undisclosed amount

The purchase will be housed inside a growth equity fund created by the cereal giant to scale and expand newly acquired businesses for future integration into its core portfolio.

By Chris Casey • Nov. 10, 2023

Tyson to shutter 2 more processing plants as earnings woes mount

Closures in South Carolina and Florida add to the growing number of cost cuts this year in response to unfavorable market conditions.

By Nathan Owens • Nov. 10, 2023

Ingredion reorganizes business, focuses on ‘texture and healthful solutions’

The company said moving from operating on a regional level to a global one will provide greater insight into its performance for investors.

By Elizabeth Flood • Nov. 9, 2023

B&G Foods sells Green Giant US canned vegetable line to Seneca Foods

The Crisco and Ortega manufacturer said it continues to explore divesting products that have low margins or cash flow, as well as items that do not fit with its core portfolio.

By Christopher Doering • Nov. 9, 2023

Miyoko’s Creamery closes California plant to prepare for growth

The plant-based dairy maker will outsource its production process to meet demand in a more cost effective way.

By Elizabeth Flood • Nov. 9, 2023

How tech, venture capital can help food industry meet 2030 emissions goals

Efforts like feed additives for cattle and implementing solar panels on farms can help producers decrease their carbon footprint, Ceres said in its latest report.

By Chris Casey • Nov. 8, 2023

Nestlé invests, partners with food-delivery startup Wonder Group

The investment, reportedly at $100 million, will allow the Stouffer's and Sweet Earth manufacturer to capitalize on the strong recovery in the foodservice channel.

By Christopher Doering • Nov. 8, 2023

Crowded cultivated meat industry primed for ‘shakeout’

A new financial advisory report predicts a challenging environment for big players in the space leading to consolidation.

By Elizabeth Flood • Nov. 7, 2023

Shoppers aren’t changing their Thanksgiving meal plans but are seeking more savings

Price-conscious consumers say they’re willing to dig deeper to put holiday dinner on the table, but grocers still need to help them along with smart discounts, Circana noted in a report.

By Sam Silverstein • Nov. 6, 2023

Leftovers: DiGiorno brings pizza to Thanksgiving | Pringles unveils caviar collaboration

The Nestlé-owned brand is launching a limited-edition pie ahead of Turkey Day, and Stok is bringing cold brew into winter with a peppermint mocha flavor.

By Food Dive staff • Nov. 3, 2023

Beyond Meat slashes workforce as business model is under fire

The plant-based giant continues to face headwinds as consumers prioritize affordability.

By Elizabeth Flood • Nov. 3, 2023

Consumers want the ‘plant’ back in plant-based: report

Whole Foods Market forecasted that more companies will focus on using clean ingredients in their products.

By Elizabeth Flood • Nov. 1, 2023

‘Startup nation’ at war: How Israel’s food tech sector is handling upheaval

The country has been a hotbed for the tech sector, especially for food, but the Israel-Hamas war has put employee engagement and product development initiatives on hold.

By Elizabeth Flood • Nov. 1, 2023

Hershey planning ‘higher levels’ of innovation for 2024, CEO says

Michele Buck said new offerings, including the launch of Reese’s Caramel, will play a large role in driving its overall business as well as increasing merchandising at retail.

By Christopher Doering • Nov. 1, 2023

Sanderson Farms cleared in blockbuster price-fixing case

A unanimous jury decision exonerated the chicken company in one of the largest antitrust cases involving the poultry industry.

By Nathan Owens • Oct. 30, 2023

Keurig Dr Pepper enters sports hydration with Electrolit partnership

The deal brings the soda, water and coffee giant into the fast-growing $11 billion category that it called “a key white space” for the company.

By Christopher Doering • Oct. 26, 2023

ADM rethinks scope of $300M plant-based investment

The market for alternative meat products has struggled with destocking and sluggish consumer demand in the past year.

By Nathan Owens • Oct. 25, 2023

Keurig Dr Pepper to invest $100M in South Carolina coffee facility

The project, which is expected to be completed by 2027, will help the beverage giant expand its coffee roasting and manufacturing capabilities.

By Christopher Doering • Oct. 25, 2023

Robotics can help food and beverage companies reach full potential, former Bai COO says

Barak Bar-Cohen, who launched a CPG manufacturing company this year specializing in “variety packs” for snacks and drinks, said his experience at the better-for-you beverage brand fueled his desire to revamp supply chains.

By Chris Casey • Oct. 24, 2023