Finances and Deals: Page 2

  • Packages of Papa Pita Bakery's buns, bread, bagels, English muffins,tortillas and flatbreads arranged on a white brick shelf area with wheat sheafs in the background.
    Image attribution tooltip
    Courtesy of Papa Pita Bakery

    Flowers Foods buys Papa Pita Bakery for undisclosed amount

    With the purchase of the Utah company, the baking giant adds several regional brands to its portfolio, as well as a state-of-the-art manufacturing facility and distribution network.

    By Dec. 14, 2022
  • Poppi, soda
    Image attribution tooltip
    Courtesy of Poppi

    Functional soda Poppi raises $25M

    The beverage maker also bulked up its C-suite by appointing former Anheuser-Busch executive Lana Buchanan as its chief marketing officer.

    By Dec. 13, 2022
  • Karim Pichara and Matias Muchnick are dressed in black pants and shirts, pouring out glasses of milk on a blue background.
    Image attribution tooltip
    Courtesy of NotCo

    NotCo raises $70M to make its AI available to other companies

    The Chile-based company will build on its recent joint venture with Kraft Heinz to bring the power of its Giuseppe algorithm to an array of manufacturers.

    By Dec. 12, 2022
  • Glass laboratory containers of pulses including yellow peas on a lab counter.
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    Courtesy of Equinom

    Equinom raises $35M for new non-GMO plant protein ingredients

    The Israel-based company is nearly doubling its lifetime funding with this round and will use the money to get its precision-bred pea, soy and sesame ingredients to the market faster.

    By Dec. 12, 2022
  • IFF logo
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    Courtesy of International Flavors & Fragrances

    IFF plans job cuts as part of company restructuring

    The ingredients giant plans to save $100 million annually through headcount reduction, which is a part of a plan to become more streamlined, efficient and customer-centric.

    By Dec. 8, 2022
  • c4 energy drink
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    Courtesy of C4

    Keurig Dr Pepper spends $863M for stake in C4 Energy maker

    The beverage giant will own 30% of Nutrabolt with opportunities to increase its ownership. The companies also entered into a long-term sales and distribution agreement.

    By Dec. 8, 2022
  • Packages of products from Wells Enterprises brands Halo Top, Blue Ribbon, Blue Bunny and Bomb Pop on a red background.
    Image attribution tooltip
    Courtesy of Wells Enterprises

    Ferrero to buy ice cream maker Wells Enterprises

    The price and terms of the deal, which will give the Italy-based confectioner a large foothold in the frozen treats business, were not disclosed.

    By Dec. 7, 2022
  • BeeHero beekeeper
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    Courtesy of Cibus Fund

    Precision pollination startup BeeHero nets $42M with backing from General Mills

    The startup said its technology allows beekeepers to better monitor their hives, which could help improve crop yields and reduce food insecurity.

    By Dec. 7, 2022
  • Produce section of a grocery store
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    Catherine Douglas Moran/Food Dive

    A taste of Food Dive’s best stories

    From the struggles of plant-based meat to Kellogg’s proposed split, Food Dive writes about the news that moves the CPG industry.

    By Food Dive Staff • Dec. 2, 2022
  • Idris Elba sits next to Huel CEO James McMaster in a recording studio.
    Image attribution tooltip
    Courtesy of Huel

    Huel closes $24M investment round

    Actor Idris Elba is among the backers for the British meal replacement company, which is now valued at $560 million.

    By Dec. 1, 2022
  • A group of Protera Biosciences employees in black shirts stand in front of a building.
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    Courtesy of Protera Biosciences

    ICL Food Specialties and Protera Biosciences partner on AI-discovered plant-based ingredients

    The collaboration, with the goal of quickly scaling up clean-label options, follows a $1 million investment from the global minerals giant last year.

    By Dec. 1, 2022
  • Products made with Perfect Day's animal-free dairy proteins.
    Image attribution tooltip
    Courtesy of Perfect Day

    Perfect Day expands its reach with gelatin company purchase

    With the acquisition of India’s Sterling Biotech Limited, the animal-free dairy company doubles its manufacturing capacity and has a path to widen its precision fermentation portfolio.

    By Nov. 30, 2022
  • Dippin' Dots
    Image attribution tooltip
    Permission granted by Dippin' Dots

    Dippin’ Dots could come to retail, new owner says

    The ice cream, which J&J Snack Foods recently purchased for $222 million, has a large presence in outlets including movie theaters, stadiums and amusement parks, but not grocery stores.

    By Nov. 29, 2022
  • Freshly's Purely Plant line
    Image attribution tooltip
    Courtesy of Freshly

    Nestlé scales back meal delivery presence through Freshly deal

    The CPG giant and private equity firm L Catterton are creating an entity bringing together the business it bought two years ago and Kettle Cuisine. Nestlé will retain a 41% stake in the partnership.

    By Nov. 28, 2022
  • Unique Snacks, pretzel
    Image attribution tooltip
    Permission granted by Unique Snacks

    Once a ‘sleepy category,’ the pretzel grabs its fill of the $106B snacking space

    Long mocked as an unloved staple of bars and airplanes, brands such as Hershey’s Dot’s have turned to bold flavors to attract snack-obsessed consumers.

    By Nov. 28, 2022
  • Post Holdings, cereal, pebbles
    Image attribution tooltip
    Permission granted by Post Holdings

    Post is on lookout for M&A deals, CEO says

    Rob Vitale said the manufacturer of Peter Pan peanut butter and Pebbles cereal has a cash-rich balance sheet that could be beneficial as it considers whether to add to its portfolio.

    By Nov. 23, 2022
  • A Beyond Meat double cheeseburger with a toothpick flag of the company's logo sits on a counter.
    Image attribution tooltip
    Courtesy of Beyond Meat
    Deep Dive

    How can plant-based meat get back to growth?

    As business indicators have worsened, Beyond Meat and other companies in the space have tried new strategies — but analysts say they may have forgotten consumers along the way.

    By Nov. 17, 2022
  • Vow cell-based meat
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    Courtesy of Vow

    Vow raises $49.2M to expand cultivated meat production

    The Australian company, which focuses on growing uncommon types of meat such as kangaroo, alpaca and quail from cells, plans to launch in its home country and the U.S. next year.

    By Nov. 14, 2022
  • A hand wearing a safety glove gives a paper-wrapped ice cream sandwich with round cookies and pink ice cream to another hand.
    Image attribution tooltip
    Alex Wong via Getty Images
    Deep Dive

    From science to CPG: New ventures create opportunities for startups

    While many larger players in the food tech space had to build their own facilities and processes from scratch, entities are planning to give those starting out now a smoother beginning.

    By Nov. 11, 2022
  • Back to Nature, B&G Foods
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    Courtesy of B&G Foods

    B&G Foods ‘actively seeking’ to sell Back to Nature brand

    The owner of Ortega and Cream of Wheat said it is also looking at other divestitures that could help it pay down debt, reduce leverage and better position its portfolio for growth.

    By Nov. 11, 2022
  • Beyond Meatballs at a retail store.
    Image attribution tooltip
    Courtesy of Beyond Meat

    As revenue slides, Beyond Meat CEO outlines strategy to improve business

    CEO Ethan Brown said today’s economy has not been kind to plant-based meat. He’s aiming to return the company to cash-flow-positive operations in the second half of 2023.

    By Nov. 10, 2022
  • A rendering of Steakholder Foods' planned future facility: A large open room with windows. Three large bioreactors in the middle, with smaller ones, 3D printers and storage drawers arranged around.
    Image attribution tooltip
    Courtesy of Steakholder Foods

    From science to CPG series

    A five-part series examining the challenges food tech companies face when scaling up.

    By Nov. 9, 2022
  • Athletic Brewing nonalcoholic beers
    Image attribution tooltip
    Retrieved from Athletic Brewing Company.

    Keurig Dr Pepper invests $50M in Athletic Brewing

    The minority stake deepens the soda and coffee giant’s presence in the nonalcoholic category following its acquisition of ready-to-drink cocktail brand Atypique in June.  

    By Nov. 9, 2022
  • A person in lab safety gear bends slightly and works with one of Future Meat Technologies' large silver bioreactors.
    Image attribution tooltip
    Courtesy of Future Meat Technologies
    Deep Dive

    From science to CPG: How money makes the food tech startup world go round

    Fundraising and understanding a realistic timeline are high barriers for these companies as they face R&D and regulatory challenges.

    By Nov. 8, 2022
  • A view of an industrial room with scientific equipments and desks.
    Image attribution tooltip
    Permission granted by Finless Foods
    Deep Dive

    From science to CPG: How food tech companies grow into tomorrow’s food manufacturers

    It’s difficult to take a scientific discovery that could change the way the world eats and get it to consumers’ plates. Startups need tenacity, money, R&D, patience and an understanding of reality.

    By Nov. 7, 2022