Finances and Deals: Page 18
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Retrieved from Ferrara.
Ferrara discontinues Fruit Stripe and Super Bubble gums
The company quietly ended production of both brands in 2022 amid a multi-year decline in consumption of the confection.
By Christopher Doering • Jan. 16, 2024 -
Courtesy of Farther Farms
Major french fry producer hit with potato surplus as restaurant demand falters
Lamb Weston reported a $71 million charge to write off the excess supply, with the processor noting inflation-wary consumers are dining out less.
By Sarah Zimmerman • Jan. 15, 2024 -
Explore the Trendline➔
Spencer Platt via Getty Images
TrendlineInside the functional beverage frenzy
Major companies like PepsiCo and Monster are adding ingredients to boost emotional or physical wellness as consumers demand more out of their drinks.
By Food Dive staff -
Courtesy of Meati
Meati Foods at Target? It’s part of the plant-based company’s growth strategy
The mushroom meat maker opens the new year with a major retail distribution deal and more lofty goals.
By Elizabeth Flood • Jan. 10, 2024 -
Getty Images
6 food trends to watch in 2024
Artificial intelligence will play a more prominent role in the new year as plant-based, traditional meat and breakfast cereal manufacturers face challenges in their sectors.
By Food Dive Staff • Jan. 9, 2024 -
Courtesy of Nissin Foods USA
Nissin Foods USA appoints CPG veteran as CEO
The company tapped Brian Huff, a former Kellogg executive, to help it capitalize on “unprecedented” demand for its ramen noodles in the U.S.
By Chris Casey • Jan. 8, 2024 -
David Silverman via Getty Images
Cal-Maine to acquire Tyson plant for egg production
The company said it will convert the Missouri facility, which was shuttered by Tyson last year, to grade eggs.
By Chris Casey • Jan. 3, 2024 -
Retrieved from Danone.
Danone to sell Horizon Organic and Wallaby brands to PE firm
The sale of its premium organic dairy businesses in the U.S. to Platinum Equity will allow the food and beverage maker to prioritize its health-focused offerings and reinvest in growth initiatives.
By Christopher Doering • Jan. 3, 2024 -
Scott Olson via Getty Images
Food and beverage makers to be ‘more careful and strategic’ with M&A in 2024
Inflation and higher interest rates are among the challenges expected to weigh on deal-making in the new year.
By Christopher Doering • Jan. 2, 2024 -
Getty Images
ADM ends 2023 with 2 flavoring acquisitions: Revela and FDL
The agricultural commodities giant hopes to further its reach in the nutritional ingredients space.
By Chris Casey • Dec. 21, 2023 -
Christopher Doering/Food Dive
PepsiCo’s small snacking brands fill a big void for CPG giant
With brands such as SunChips and PopCorners, the food maker can attract and retain consumers while growing its business faster.
By Christopher Doering • Dec. 21, 2023 -
Permission granted by Beyond Meat
Beyond Meat launches new burger patties at Costco
The California plant-based pioneer say they crafted a patty that is closer in taste to real beef.
By Elizabeth Flood • Dec. 20, 2023 -
Christopher Doering/Food Dive
Snickers maker Mars’ overlooked growth driver: Lunch and dinner
With brands such as Ben’s Original and Tasty Bite, the 100-year-old company is betting consumer demand for convenience, better-for-you and global cuisine will boost its food business.
By Christopher Doering • Dec. 19, 2023 -
Courtesy of T. Hasegawa USA
T. Hasegawa USA declares ube 2024’s ‘flavor of the year’
The ingredients giant projects the bright purple root with an earthy, nutty taste will join other trendy Asian flavors in U.S. food and beverage products.
By Chris Casey • Dec. 18, 2023 -
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WK Kellogg Co to keep Michigan plant, avoiding layoffs
After previously planning to move its Battle Creek plant’s operations to Canada, the company chose to stay in “Cereal City” after it was given a $5 million grant from the state.
By Chris Casey • Dec. 18, 2023 -
Fadel Dawod via Getty Images
COP28 takeaways: More than $7B mobilized for food system climate action
With the end of the U.N. climate summit, here's a final tally of some of the major financial commitments and sustainability pledges meant to transform the agricultural and food sectors.
By Sarah Zimmerman • Dec. 15, 2023 -
Retrieved from La Colombe.
Chobani buys coffee roaster La Colombe for $900M
The purchase gives the yogurt giant a presence in the fast-growing RTD category while building on its goal of becoming a more diversified food and beverage company.
By Christopher Doering • Dec. 15, 2023 -
Getty Images
Consumers cite food prices as their top economic concern: Morning Consult
According to a recent survey, people are more worried about their grocery expenses than labor, housing and national debt.
By Chris Casey • Dec. 15, 2023 -
Courtesy of PepsiCo
ColumnLeftovers: Doritos pours Nacho Cheese-flavored liquor | Nissin’s ‘spiciest noodles ever’ infuses heat into ramen
The PepsiCo brand collaborates with Empirical to create a boozy nacho experience and Mondelēz’s beloved Golden Oreo goes gluten-free.
By Food Dive staff • Dec. 15, 2023 -
Getty Images
Wisconsin cheese farmers share 2024 food trends
Cooking and consuming food at home, adventurous flavors and “mindful indulgence” will drive consumer behavior, according to producers from the major dairy state.
By Chris Casey • Dec. 14, 2023 -
Courtesy of Meati Foods
Meati Foods adds 2 sports moguls to investor list
Gymnast Aly Raisman and NBA star Chris Paul join Derek Jeter and Rachel Ray in providing funding to the mushroom-root plant-based company, whose goal is to become the market leader by 2025.
By Elizabeth Flood • Dec. 14, 2023 -
Courtesy of Lactalis
Behind Lactalis’ goal to challenge Reddi-wip with Président Whipped Crème
The gourmet cheese maker said its premium dessert offering capitalizes on increasing demand for baking at home and the growing desire for luxury products.
By Chris Casey • Dec. 12, 2023 -
Courtesy of Atomo Coffee
Atomo Coffee plots sustainable success with beanless brew
The startup, which pitches its Arabica-free espresso as a more sustainable alternative, said it will use an investment from Suntory Holdings to fuel new product innovation and expand its reach.
By Chris Casey • Dec. 12, 2023 -
Retrieved from Ohio Southeast Economic Development on August 31, 2022
General Mills leadership changes further push into pets, international segments
The food giant promoted Jon Nudi, who previously helmed its North American food segment, to lead the two segments driving the most growth for the company.
By Chris Casey • Dec. 8, 2023 -
Mario Tama/Getty Images via Getty Images
Beer slump helped by growth in premium offerings, Constellation Brands CFO says
The executive noted consumers are spending more on expensive brews, helping the Modelo and Corona maker gain shelf space.
By Chris Casey • Dec. 6, 2023 -
Retrieved from Ripple Foods on December 05, 2023
Plant-based milk maker Ripple Foods raises another $49M on heels of innovation
The company, which rolled out a new unsweetened kids’ non-dairy milk product in July has $274 million in funding.
By Elizabeth Flood • Dec. 5, 2023
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