Finances and Deals: Page 20
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Behind the Tindle Foods rebrand and new product launch
Co-founder and CEO Andre Menezes says the brand “holds itself to a very high standard,” and is focused on launching products with clean ingredients.
By Elizabeth Flood • Sept. 6, 2023 -
From a regional soda to a national brand: How Sprecher is taking on Coca-Cola and PepsiCo
The Wisconsin-based company has spent millions of dollars and taken on debt to add production, staff and warehouse capacity to bring its craft beverages into 49 states.
By Christopher Doering • Sept. 6, 2023 -
TreeHouse to sell snack bars business, plant to John B. Sanfilippo for $63M
The divestiture will allow the private-label giant to focus on high-growth and high-margin categories while enabling John B. Sanfilippo to diversify its offerings.
By Christopher Doering • Sept. 6, 2023 -
Hormel lowers outlook amid challenging pork and turkey backdrop
Weak prices offset sales volume growth in the third quarter as the food processor struggled with supply chain issues that resulted in a hefty arbitration payment.
By Nathan Owens • Sept. 5, 2023 -
Eat Just, maker of plant-based eggs and cultivated chicken, gets a funding boost
The money comes as the company continues scaling in the U.S. and tries to reach profitability.
By Elizabeth Flood • Sept. 5, 2023 -
Plant-based sales in food service surge, rebuffing broader slowdown in category
With COVID-19 restrictions over, the space is seeing promise in the food service sector after a pandemic-induced decline.
By Elizabeth Flood • Sept. 1, 2023 -
Hain Celestial’s CEO describes her ‘prove it’ strategy as challenges loom
Wendy Davidson, who took over in January, said the organic and natural products giant has reached “an inflection point” where the 30-year-old business can “unlock” its potential.
By Christopher Doering • Aug. 29, 2023 -
Former Cargill executive joins cultivated meat company Meati
Nicole Johnson-Hoffman has joined the firm’s board as it commences a nationwide retail launch of its mycelium steak and chicken breast analogs.
By Elizabeth Flood • Aug. 29, 2023 -
Environmental groups petition SEC to halt JBS’ US listing
Activists say the Brazil-based meat giant's alleged failure to adhere to its climate pledges is a risk for investors.
By Sarah Zimmerman • Aug. 28, 2023 -
Mondelēz leans on startups to help fuel ambitious growth plans
The Oreo manufacturer said SnackFutures, its venture capital arm, plans to at least double the number of companies in its portfolio by 2030.
By Christopher Doering • Aug. 28, 2023 -
Hershey to close Dot’s Pretzels factory
The closure of the North Dakota plant is part of the company's plan to more efficiently increase production capacity at other manufacturing locations.
By Kate Magill • Aug. 25, 2023 -
MOSH raises $3M for retail expansion
Patrick Schwarzenegger — a former investor in trendy CPG products — and his mom, Maria Shriver, bring a unique profile to promote a protein bar focused on brain health.
By Elizabeth Flood • Aug. 23, 2023 -
Product testing firm working with Nestlé, Kraft Heinz raises $18M to fuel growth
Highlight, which streamlines the product testing process for CPG companies, said the money will be used to expand its business and hire additional employees.
By Christopher Doering • Aug. 21, 2023 -
Column
Leftovers: Kellogg’s Eggo brings boozy brunch to a jar | Entenmann’s debuts ready-to-bake cookies
The cereal giant partners with spirit specialists from Sugarlands Distilling on a waffle-inspired creamy liqueur, while bakery giant Entenmann’s brings its cookie dough to the refrigerated section.
By Food Dive Staff • Aug. 18, 2023 -
JBS reports $53.2M net loss as chicken glut eases and beef supply tightens
Despite unfavorable protein conditions, the meat giant expects commodity and input prices to improve in the coming months for pork and poultry.
By Nathan Owens • Aug. 17, 2023 -
Smithfield owner expects tough market conditions to persist
Meat processing giant WH Group has seen pork profits plummet this year as high costs and demand challenges take their toll on its U.S. and Mexico operations.
By Nathan Owens • Aug. 16, 2023 -
Welch’s OKs parents stealing Fruit Snacks in first-ever storybook
“Sometimes It’s Not Stealing,” narrated by actor Kristin Chenoweth, playfully makes a case for parents who indulge in their children’s fruit snacks.
By Jessica Hammers • Aug. 15, 2023 -
Kraft Heinz appoints head of North American operations as CEO
Carlos Abrams-Rivera will take leadership control of the CPG giant starting in January 2024. Current CEO Miguel Patricio will move to a non-executive role on the company’s board.
By Chris Casey • Aug. 14, 2023 -
Pink pineapples boost Fresh Del Monte earnings
Demand is outpacing supply for the produce giant's innovative Pinkglow fruit, which took 16 years of bioengineering to create.
By Sarah Zimmerman • Aug. 10, 2023 -
Flavor and ingredients provider IFF struggles as consumers cut back on spending
The company slashed its outlook and said volumes are not expected to recover in the second half of the year.
By Christopher Doering • Aug. 10, 2023 -
Kellogg pins growth in snacking unit on Pringles, Cheez-It ahead of split
The two brands, along with Eggo, Pop-Tarts and Rice Krispies, will be responsible for about half of the more than $13 billion in sales from the new company called Kellanova.
By Chris Casey • Aug. 9, 2023 -
Retrieved from Meatable on August 09, 2023
Meatable raises $35M as it aims to boost production and lower costs
The Netherlands-based cultivated meat company plans to enter retailers and restaurants in Singapore starting in 2024, while looking into other markets such as the U.S. in the future.
By Elizabeth Flood • Aug. 9, 2023 -
Troubled Beyond Meat reduces 2023 outlook as revenues plummet by almost a third
The plant-based meat company reported disappointing second quarter results as the brand struggles to educate consumers on the benefits of its products.
By Elizabeth Flood • Aug. 8, 2023 -
Q&A
8 questions with Daily Harvest founder and CEO Rachel Drori
The head of the plant-based meal company discusses potential impacts of a major retail deal with Kroger.
By Judy McGuire • Aug. 8, 2023 -
Retrieved from Anheuser-Busch.
Anheuser-Busch to sell 8 beer and beverage brands to pot company Tilray
The purchase for an undisclosed amount will elevate the Canadian firm to the fifth largest craft beer player in the U.S with brews such as Shock Top and Redhook.
By Christopher Doering • Aug. 8, 2023