Above Food to go public through SPAC merger

The deal values the Canadian agriculture, ingredient and CPG company at $319 million, and company leaders say there are opportunities for margin growth.

By Megan Poinski • May 1, 2023

Tyson Foods to lay off 10% of corporate employees

The job cuts — which include 15% of senior leadership positions — mark the third major cost-cutting measure by the largest U.S. meat processor in recent months.

By Chris Casey • April 27, 2023

80% of consumers say companies are raising prices out of greed, according to study

Three quarters of the shoppers responding to Attest’s survey said they’d noticed the steepest increases at the grocery store, and 71% were willing to switch brands to save money.

By Megan Poinski • April 25, 2023

Coca-Cola enters fresh fruit through licensing deal for Minute Maid and Simply brands

In the U.S., Simply Select labeling will be used on Frutura’s Dayka & Hacket fresh citrus while Minute Maid will adorn grapes. Products will begin appearing at retail before July.

By Christopher Doering • April 20, 2023

Sara Lee owner Grupo Bimbo lead investor in $4M funding round for Olyra

The company’s venture capital arm made a minority investment in the maker of organic and nutritional breakfast biscuits produced with stone-milled ancient Greek grains.

By Christopher Doering • April 19, 2023

Coca-Cola’s Topo Chico Sabores launch aims to broaden reach for mineral water brand

The new premium sparkling products made with fruit juice and herbal extracts accelerate efforts by the beverage giant to expand distribution and usage occasions for the fast-growing offering.

By Christopher Doering • April 18, 2023

Hershey buys 2 popcorn plants to fuel growth of its SkinnyPop brand

The better-for-you snacking offering, which sold nearly $550 million last year, is a major part of the company’s goal to generate $3 billion in sales from salty snacks within a decade.

By Christopher Doering • April 17, 2023

Molson Coors debuts RTD cocktail Topo Chico Spirited

The beverage giant is boosting its media spend as it releases the fourth product in its partnership with Coca-Cola.

By Sara Karlovitch • April 14, 2023

Alternative proteins sector is growing and needs government support, reports say

Three studies published by the Good Food Institute show significant progress and expansion in the plant-based, fermented and cell cultivated product segments.

By Megan Poinski • April 12, 2023

ADM partners with Believer Meats on cultivated products

The agreement brings the global food giant’s ingredients and nutritional expertise to enhance cultured meat items, and lays out a path to potentially produce them for commercialization.

By Megan Poinski • April 12, 2023

Plant-based sales hit $8B in 2022

The segment posted 6.6% growth during a year marked by inflation and supply chain upheaval, which the Plant Based Foods Association says proves its staying power.

By Megan Poinski • April 11, 2023

The ambitious plan by Hain Celestial’s new CEO to restore growth and evolve the better-for-you food giant

In her first interview since taking over in January, Wendy Davidson said her strategy at the Greek Gods yogurt and Terra chips maker prioritizes increasing innovation, boosting brand awareness and expanding distribution.

By Christopher Doering • April 11, 2023

Pilgrim’s Pride, Perdue settle in poultry price-fixing case totaling $35M

These chicken producers join a dozen other companies that have agreed to a settlement with Washington state’s attorney general who says the businesses colluded to increase profits. Five processors have yet to settle.

By Chris Casey • April 10, 2023

Sen. Sanders calls to ‘break up’ large egg producers as Cal-Maine profits surge 718%

The lawmaker once again brought up his rallying call to split “Big Ag” after the country's largest egg producer announced its latest quarterly profits.

By Chris Casey • Updated April 6, 2023

Sales at Top Ramen maker Nissin surge 41%

The company, which holds a 40% share of the instant ramen segment in the U.S., is benefiting from strong demand for its core products and newer innovations.

By Chris Casey • April 5, 2023

GoodBelly maker NextFoods acquires tart cherry beverage Cheribundi

The merger of the gut health probiotic juice brand and the natural sports recovery drink will expand their reach and production, CEO Marcel Bens said.

By Megan Poinski • April 5, 2023

Bankrupt Bang likely for sale with Monster the most logical buyer, analyst says

A Stifel research note said Monster is Bang’s largest creditor in bankruptcy and is a co-rights holder to a 5% perpetual royalty/license for use of the trademark. 

By Christopher Doering • April 4, 2023

Why Joe Biden needs to have a conversation with Michelle Obama on food policy

The current administration should take a page or two from the former first lady who said there are limits to government mandates, according to Sean McBride.

By Sean McBride • April 3, 2023

Cultivated meat maker New Age Eats shuts down

Founder and CEO Brian Spears said the company’s financial woes had nothing to do with the segment’s viability.

By Megan Poinski • March 29, 2023

PepsiCo pledges to invest $216M into regenerative agriculture

The soda and snacks giant is partnering with farm groups on new projects that aim to cut three million metric tons of emissions by 2030.

By Chris Casey • March 22, 2023

Best known for its iconic confections, Hershey hits its stride in salty snacks

Kristen Riggs, who oversees brands such as SkinnyPop popcorn and Dot’s pretzels, said the 129-year-old company is building scale and grabbing market share as it evolves into a major player in both sweet and salty foods.

By Christopher Doering • March 22, 2023

Kellogg’s new company names — Kellanova and WK Kellogg Co — signal ‘disruptive’ fresh start, CEO says

The monikers bring its recognizable brand into two distinct businesses for snacking and cereal, Steve Cahillane told Food Dive.

By Chris Casey • March 15, 2023

Bank collapses unlikely to affect large food companies, but smaller upstarts at risk, analyst says

A Mizuho research note said short-term disruption, tighter lending standards and a stronger emphasis on free cash/profitability could prevent some businesses from gaining financing or entering the industry. 

By Christopher Doering • March 15, 2023

How The Better Meat Co. scrambled to meet payroll after the SVB collapse

CEO and co-founder Paul Shapiro said a fast and unexpected loss of access to capital was one scenario the company wasn’t prepared to handle.  

By Megan Poinski • March 14, 2023

Food startups describe a ‘roller coaster of emotions’ as Silicon Valley Bank collapsed

Many companies with accounts at the bank were showing off their products at Natural Products Expo West as news went out, sending many founders into a frenzy.

By Megan Poinski • March 14, 2023