Finances and Deals: Page 2
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Permission granted by Ferrara's
How Nerds Gummy Clusters became the candy aisle’s biggest hit
With sales nearing $1 billion, the once-unloved candy under Nestlé has thrived under new owner Ferrara, overtaking Skittles to become the top sugar confection on the market.
By Christopher Doering • June 9, 2025 -
Permission granted by Red Robin
Conagra to sell seafood brands Van de Kamp’s and Mrs Paul’s for $55M
The sale, part of the food maker’s efforts to streamline its portfolio, comes three days after it divested Chef Boyardee.
By Christopher Doering • June 6, 2025 -
Trendline
Mergers and acquisitions
Declining sales and slowing consumption have more companies divesting brands, opening the door for smaller players and private equity firms to expand their portfolios.
By Food Dive staff -
Christopher Doering/Food Dive
Post Holdings buys rest of Ronzoni pasta maker for $880M
By purchasing the remainder of 8th Avenue Food & Provisions, the food maker is building a deeper presence in branded and private label pasta, cereal and nut butter.
By Christopher Doering • June 4, 2025 -
Retrieved from B&G Foods.
Crisco owner B&G Foods sells tomato brands amid efforts to reshape portfolio
The New Jersey company has been on a selling spree in recent years to streamline its focus and reduce debt.
By Christopher Doering • May 27, 2025 -
Scott Olson via Getty Images
Kraft Heinz to explore ‘strategic transactions’ as sales decline
The ketchup and Jell-O maker did not provide details or a timetable for a decision in its announcement on Tuesday.
By Christopher Doering • May 20, 2025 -
temizyurek via Getty Images
Johnnie Walker owner Diageo teases selloffs amid tariff impact
The spirits producer, which denied reports it will divest Guinness earlier this year, said taxes on European imports could result in a $150 million hit to profits.
By Chris Casey • May 20, 2025 -
Courtesy of Daily Harvest
Chobani buys plant-based food maker Daily Harvest
The acquisition broadens the dairy giant’s reach into ready-to-make meals that include smoothies, pasta and breakfast bowls.
By Christopher Doering • May 16, 2025 -
Christopher Doering/Food Dive
Tariffs are slowing ‘what was an active M&A pipeline’ for Post Holdings
The Bob Evans and Fruity Pebbles owner is instead focused on smaller deals that increase capacity and potentially open the door to enter private label.
By Sarah Zimmerman • May 14, 2025 -
Courtesy of Kate Farms
Danone to buy majority stake in plant-based nutrition shake maker Kate Farms
The yogurt giant is building up its specialized nutrition business in the U.S. as it sees strong momentum for medical feeding products abroad.
By Sarah Zimmerman • May 12, 2025 -
Joe Raedle via Getty Images
Beyond Meat secures $100M to pay down debt as plant-based sales suffer
The alternative meat producer said volumes dropped by nearly a quarter in the U.S. due to a distribution hiccup and cautious consumer spending.
By Sarah Zimmerman • May 8, 2025 -
Courtesy of Keurig Dr Pepper
Keurig launches K-Cup ‘price lock event’ to help consumers avoid rising coffee costs
With tariffs expected to further raise prices, beverage companies are playing up affordability to retain customers.
By Chris Casey • May 7, 2025 -
Retrieved from Ghost.
Ghost ends Sour Patch, Oreo flavor collaborations after Mondelēz lawsuit
The snacks giant said the brand broke its partnership, which included the sale of Sour Patch energy drinks, when it agreed to sell its assets to Keurig Dr Pepper for over $1 billion last fall.
By Chris Casey • May 6, 2025 -
Courtesy of Just Ice Tea
The Honest truth: Just Ice Tea filling void left by Coca-Coca
After Honest Tea was discontinued by the beverage giant in 2022, its co-founder saw an opportunity in the market for an organic, less sweet drink.
By Christopher Doering • May 6, 2025 -
Courtesy of Oatly
Oatly looks to revive plant-based milk demand in US
The company is targeting Gen Z by playing up trends in health and sustainability while developing a deeper presence in coffee.
By Chris Casey • May 5, 2025 -
Courtesy of Conagra Brands
Conagra to sell Chef Boyardee to private equity firm for $600M
The sale comes as the CPG giant focuses on its core snacks and frozen meals offerings, including Slim Jim and Healthy Choice.
By Christopher Doering • May 1, 2025 -
Justin Sullivan via Getty Images
Coca-Cola sales slip following boycott among Hispanic consumers
The soda giant said a false viral video claiming the company reported Latino workers to ICE contributed to volume declines amid economic uncertainty.
By Chris Casey • April 30, 2025 -
Scott Olson via Getty Images
Consumer tolerance rises for high egg prices
The amount shoppers say they’re willing to pay has gone up, but still falls short of the actual price of eggs, Numerator found.
By Catherine Douglas Moran • April 30, 2025 -
Permission granted by 818 Tequila
Why 818 Tequila tapped a NASCAR driver to accelerate cultural marketing
CMO Kathleen Braine explains how partnering with trailblazing driver Toni Breidinger helps boost the reach of the Kendall Jenner-founded brand.
By Chris Kelly • April 30, 2025 -
Retrieved from Ghost.
Ghost energy drinks drive sales boost at Keurig Dr Pepper
The beverage giant, which acquired the brand for more than $1 billion last fall, sees the category as a path toward growth as its coffee business struggles.
By Chris Casey • April 28, 2025 -
ZeynepKaya via Getty Images
Shoppers expect to spend 8% more on groceries due to tariffs, survey finds
A KPMG poll found a majority of participants believe Trump's trade war will push up prices for food more than any other category of goods.
By Sam Silverstein • April 28, 2025 -
Chet Strange via Getty Images
Meat giant JBS gets SEC approval to list shares in US
Environmental groups and congressional lawmakers had pushed the agency to deny the company's request over its record on climate and corporate governance.
By Sarah Zimmerman • April 24, 2025 -
Constellation sued for allegedly misleading shareholders on wine sales
The suit claims the alcohol giant, which saw its sales in the category drop 7% last year, deceived investors and mishandled funds.
By Chris Casey • April 23, 2025 -
Courtesy of J.M. Smuckers
Deep DiveAisle hopping: Why major food and beverage brands are entering new parts of the grocery store
Nestlé, Kraft Heinz and J.M. Smucker are among the CPG giants leveraging the brand equity of well-known products to expand into different categories, boost recognition and grow sales.
By Christopher Doering • April 16, 2025 -
Brandon Bell via Getty Images
Cal-Maine to buy breakfast foods manufacturer for $258M
The purchase of Echo Lake Foods gives the country’s largest egg producer more of a presence in processed foods, while limiting exposure to volatile commodity prices.
By Sarah Zimmerman • April 15, 2025 -
Getty via Getty Images
Constellation offloads wines amid projected double-digit sales drop, tariff uncertainty
The strategy by the Robert Mondavi and Kim Crawford owner to focus on premium offerings mirrors a similar strategy it has with beer.
By Chris Casey • April 15, 2025
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