Finances and Deals: Page 2

  • McCormick, Kitchen Basics, broths
    Image attribution tooltip
    Retrieved from McCormick & Co..

    Del Monte buys broth and stocks brand Kitchen Basics from McCormick

    The purchase for an undisclosed amount will strengthen the company’s branded portfolio while complementing College Inn, its existing product in the category.

    By Updated Aug. 4, 2022
  • Sanderson Farms, chicken
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    Permission granted by Sanderson Farms

    Cargill and Continental Grain close $4.5B purchase of Sanderson Farms

    The transaction, which was announced last August and creates the third-largest U.S. poultry processor, was delayed by a Justice Department review.

    By , Updated July 22, 2022
  • Truly margarita hard seltzer
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    Courtesy of Truly Hard Seltzer

    Boston Beer stung by declining hard seltzer demand

    The Truly maker is under pressure as the once popular alcohol category has fallen out of favor with more consumers turning to ready-to-drink cocktails and other offerings.

    By July 22, 2022
  • A person slices a Meati Crispy Cutlet on a white cutting board that sits on a coral-colored counter.
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    Courtesy of Meati Foods

    Meati nets $150M investment for expansion as products hit store shelves

    The funding will help the mycelium-based meat analog company complete its “Mega Ranch” facility, which will supply all Sprouts Farmers Market stores later this year. Chipotle’s venture fund was among the investors.

    By July 21, 2022
  • A palette of Phytolon's natural colors made through precision fermentation.
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    Permission granted by Phytolon

    Phytolon raises $14.5M, led by Royal DSM's venture arm

    The fermented natural colors maker plans to expand its products globally, with the help of leaders in the biotech space.

    By July 14, 2022
  • A scientist stands to the right of Brevel's microalgae ingredient culturing equipment, made up of metal tanks and glass chambers with yellow substances..
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    Permission granted by Brevel

    Why Brevel says its microalgae will become the most popular alternative protein ingredient

    The inexpensive powder with a mild taste and high level of nutrition will eventually topple today’s standards of soy and pea in plant-based foods, the Israeli company’s CEO says.

    By July 14, 2022
  • Four bags of Base Culture's bread and buns
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    Courtesy of Base Culture

    Flowers Foods invests in keto bread maker Base Culture

    The bakery giant will help the gluten- and grain-free company increase distribution, scale and marketing, as well as bolster manufacturing capabilities.

    By July 14, 2022
  • Tyson Foods
    Image attribution tooltip
    Permission granted by Tyson Foods

    Tyson uses automation and employee programs to meet chicken demand

    The poultry giant is working to improve efficiency as supply issues continue to mount.

    By July 12, 2022
  • Steeped Coffee, sustainable
    Image attribution tooltip
    Courtesy of Steeped Coffee

    Sustainable coffee maker Steeped raises $5M through crowdfunding

    The beverage upstart said the money will go toward bringing its compostable single-serve brewing process to more drinkers.

    By July 7, 2022
  • Vita Coco, Diageo, canned cocktail
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    Courtesy of The Vita Coco Company

    Diageo partners with Vita Coco on canned cocktail beverage

    The drink, which will include the popular coconut water and Captain Morgan rum, will be available in three flavors starting in early 2023.

    By July 6, 2022
  • A person holds up a glass of aged spirits near a wall of barrels.
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    Jeff J Mitchell/Getty Images via Getty Images

    Diageo buys flavor tech company to streamline drink exploration, path to purchase

    The world’s second largest distiller is hoping to match consumers — especially young ones — with a whiskey, eliminating the costly experimentation process.

    By Sara Karlovitch • July 5, 2022
  • Bolthouse Farms launched Carrot Dogs in October 2020.
    Image attribution tooltip
    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
  • Sanderson Farms, chicken
    Image attribution tooltip
    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
  • A person holds a pint of Eclipse Cookie Butter ice cream
    Image attribution tooltip
    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
  • Image attribution tooltip
    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
  • Image attribution tooltip
    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
  • Image attribution tooltip
    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
  • Wine grapes on a vine in a winery
    Image attribution tooltip
    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
  • Image attribution tooltip
    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
  • Kellogg, cereal, Frosted Flakes
    Image attribution tooltip
    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
  • Image attribution tooltip
    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
  • Employees of the Live Green Group
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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
  • Chameleon, Nestle, coffee
    Image attribution tooltip
    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
  • Moolec Science co-founder and CEO Gaston Paladini and some of the company's bioengineered plants.
    Image attribution tooltip
    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