Finances and Deals: Page 18


  • solar panels farms cattle
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    Abhishek Chinnappa via Getty Images
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    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 Nov. 8, 2023
  • Nestle, hot chocolate
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    Christopher Doering/Food Dive
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    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 Nov. 8, 2023
  • Meat sample in open disposable plastic cell culture dish in modern laboratory or production facility.
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    Getty Images
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    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
  • A table set for a traditional Thanksgiving dinner.
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    Getty Images
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    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
  • digiorno thanksgiving pizza
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    Courtesy of DiGiorno
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    Column

    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's The Beyond Burgers in their packaging.
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    Getty Images
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    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
  • Whole Foods plant based report
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    Retrieved from Whole Foods Market on November 01, 2023
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    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
  • A row of king-sized Hershey chocolate bars sit on the shelf in a store.
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    Scott Olson via Getty Images
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    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 Nov. 1, 2023
  • Israel Hamas war
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    Alexi J. Rosenfeld via Getty Images
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    ‘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
  • Chickens roam and scratch around in a farm.
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    Scott Olson via Getty Images
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    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
  • rapid hydrtation, electrolit
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    Retrieved from Electrolit.
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    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 Oct. 26, 2023
  • ADM is rescoping its plant-based food production after signs of waning demand.
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    Courtesy of Archer Daniels Midland
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    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
  • K Cups with Keurig Green Mountain coffee
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    Joe Raedle via Getty Images
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    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 Oct. 25, 2023
  • AI robotics packaging food beverage
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    Getty Images
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    Q&A

    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 Oct. 24, 2023
  • Rao's, Sovos Brands
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    Retrieved from Sovos Brands.
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    Campbell Soup’s $2.7B purchase of Sovos delayed after FTC seeks more information

    The soup and snacks manufacturer said the acquisition of the Rao’s pasta sauce owner would likely close in mid-2024 instead of this year.

    By Oct. 24, 2023
  • Post Holdings CEO Rob Vitale poses for a portrait in his office.
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    Michael B. Thomas for Industry Dive

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    Deep Dive

    The quiet dealmaker: How Post Holdings’ CEO went from selling men’s clothing to closing billion-dollar deals

    Rob Vitale’s penchant for M&A and reputation as a strategic thinker has proven to be a shrewd fit for a 128-year-old business once looking to define its future. Nearly a decade in, he’s not done yet.

    By , Oct. 23, 2023
  • Bagged cereal at a Post Holdings plant comes down the line.
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    Retrieved from Post Holdings.
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    Deep Dive

    Inside Post Holdings’ transformation from cereal slinger to a diversified CPG giant

    The company's unconventional approach has created a nearly $6 billion operation that has a competitive presence in peanut butter, eggs and pet food.

    By , Oct. 23, 2023
  • A side-by-side comparison of old General Mills Gushers with new packaging design against a yellow backdrop.
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    Retrieved from General Mills on October 18, 2023
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    How General Mills refreshed its fruit snack brands to fend off disruptors

    Splashier assets and branding experiments seek to help products like Gushers stand out in the social media age, execs said at Advertising Week.

    By Peter Adams • Oct. 20, 2023
  • Jelly Belly, jelly beans, candy
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    Neilson Barnard via Getty Images
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    Ferrara to purchase candy maker Jelly Belly for undisclosed amount

    The deal would combine the jelly bean manufacturer with Ferrara’s portfolio of sweets such as Laffy Taffy, Red Hots and Brach’s.

    By Oct. 19, 2023
  • protix tyson
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    Retrieved from Protix on October 18, 2023
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    Tyson Foods partners with insect protein startup to develop ingredient facility

    The meat giant will work with Protix to construct a facility dedicated to insect protein items in the U.S., for use in pet food, aquaculture and livestock production.

    By Oct. 18, 2023
  • smucker, pickles
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    Retrieved from Bick's Pickles.
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    JM Smucker selling 4 condiment brands to TreeHouse Foods for $20M

    Both CPGs have had a busy year buying and selling assets to focus their portfolios and gain scale in faster-growing categories.

    By Oct. 18, 2023
  • Unrecognizable black father carrying Thanksgiving turkey while serving it for his family in dining room.
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    Getty Images
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    Turkey prices could fall as Thanksgiving nears, but bird flu reemergence threatens flocks

    Consumers will likely see lower prices for the holiday staple compared to last fall, according to a report, but the unpredictable avian flu remains a threat.

    By Oct. 11, 2023
  • Utz chips and pretzels
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    Megan Poinski/Food Dive
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    Utz to close Pennsylvania factory

    The closure is part of broader cost cutting moves across the snack maker’s network, which includes the sale of four sites.

    By Joelle Anselmo • Oct. 11, 2023
  • Mondelez oreo
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    Lillianna Byington/Food Dive
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    Opinion

    Guardians of the franchise: Safeguarding success in the competitive landscape

    Since launching a new product offers only one chance at success, optimizing it to its fullest potential becomes crucial.

    By Katie Fellows • Oct. 11, 2023
  • A building with the Smithfield logo is seen
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    The image by Tony Webster is licensed under CC BY-SA 2.0
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    Smithfield to close North Carolina pork processing plant

    The company said the move would help increase efficiency as the meat industry grapples with tightening margins. 

    By Oct. 10, 2023