Finances and Deals: Page 20


  • Whole Foods plant based report
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    Retrieved from Whole Foods Market on November 01, 2023
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    Consumers want the ‘plant’ back in plant-based: report

    Whole Foods Market forecasted that more companies will focus on using clean ingredients in their products.

    By Elizabeth Flood • Nov. 1, 2023
  • Israel Hamas war
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    Alexi J. Rosenfeld via Getty Images
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    ‘Startup nation’ at war: How Israel’s food tech sector is handling upheaval

    The country has been a hotbed for the tech sector, especially for food, but the Israel-Hamas war has put employee engagement and product development initiatives on hold.

    By Elizabeth Flood • Nov. 1, 2023
  • Cans of Poppi soda are displayed on a shelf Explore the Trendline
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    Spencer Platt via Getty Images
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    Trendline

    Inside the functional beverage frenzy

    Major companies like PepsiCo and Monster are adding ingredients to boost emotional or physical wellness as consumers demand more out of their drinks.

    By Food Dive staff
  • A row of king-sized Hershey chocolate bars sit on the shelf in a store.
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    Scott Olson via Getty Images
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    Hershey planning ‘higher levels’ of innovation for 2024, CEO says

    Michele Buck said new offerings, including the launch of Reese’s Caramel, will play a large role in driving its overall business as well as increasing merchandising at retail.

    By Nov. 1, 2023
  • Chickens roam and scratch around in a farm.
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    Scott Olson via Getty Images
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    Sanderson Farms cleared in blockbuster price-fixing case

    A unanimous jury decision exonerated the chicken company in one of the largest antitrust cases involving the poultry industry.

    By Nathan Owens • Oct. 30, 2023
  • rapid hydrtation, electrolit
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    Retrieved from Electrolit.
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    Keurig Dr Pepper enters sports hydration with Electrolit partnership

    The deal brings the soda, water and coffee giant into the fast-growing $11 billion category that it called “a key white space” for the company.

    By Oct. 26, 2023
  • ADM is rescoping its plant-based food production after signs of waning demand.
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    Courtesy of Archer Daniels Midland
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    ADM rethinks scope of $300M plant-based investment

    The market for alternative meat products has struggled with destocking and sluggish consumer demand in the past year.

    By Nathan Owens • Oct. 25, 2023
  • K Cups with Keurig Green Mountain coffee
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    Joe Raedle via Getty Images
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    Keurig Dr Pepper to invest $100M in South Carolina coffee facility

    The project, which is expected to be completed by 2027, will help the beverage giant expand its coffee roasting and manufacturing capabilities.

    By Oct. 25, 2023
  • AI robotics packaging food beverage
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    Getty Images
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    Q&A

    Robotics can help food and beverage companies reach full potential, former Bai COO says

    Barak Bar-Cohen, who launched a CPG manufacturing company this year specializing in “variety packs” for snacks and drinks, said his experience at the better-for-you beverage brand fueled his desire to revamp supply chains.

    By Oct. 24, 2023
  • Rao's, Sovos Brands
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    Retrieved from Sovos Brands.
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    Campbell Soup’s $2.7B purchase of Sovos delayed after FTC seeks more information

    The soup and snacks manufacturer said the acquisition of the Rao’s pasta sauce owner would likely close in mid-2024 instead of this year.

    By Oct. 24, 2023
  • Bagged cereal at a Post Holdings plant comes down the line.
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    Retrieved from Post Holdings.
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    Deep Dive

    Inside Post Holdings’ transformation from cereal slinger to a diversified CPG giant

    The company's unconventional approach has created a nearly $6 billion operation that has a competitive presence in peanut butter, eggs and pet food.

    By , Oct. 23, 2023
  • Post Holdings CEO Rob Vitale poses for a portrait in his office.
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    Michael B. Thomas for Industry Dive

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    Deep Dive

    The quiet dealmaker: How Post Holdings’ CEO went from selling men’s clothing to closing billion-dollar deals

    Rob Vitale’s penchant for M&A and reputation as a strategic thinker has proven to be a shrewd fit for a 128-year-old business once looking to define its future. Nearly a decade in, he’s not done yet.

    By , Oct. 23, 2023
  • A side-by-side comparison of old General Mills Gushers with new packaging design against a yellow backdrop.
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    Retrieved from General Mills on October 18, 2023
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    How General Mills refreshed its fruit snack brands to fend off disruptors

    Splashier assets and branding experiments seek to help products like Gushers stand out in the social media age, execs said at Advertising Week.

    By Peter Adams • Oct. 20, 2023
  • Jelly Belly, jelly beans, candy
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    Neilson Barnard via Getty Images
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    Ferrara to purchase candy maker Jelly Belly for undisclosed amount

    The deal would combine the jelly bean manufacturer with Ferrara’s portfolio of sweets such as Laffy Taffy, Red Hots and Brach’s.

    By Oct. 19, 2023
  • protix tyson
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    Retrieved from Protix on October 18, 2023
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    Tyson Foods partners with insect protein startup to develop ingredient facility

    The meat giant will work with Protix to construct a facility dedicated to insect protein items in the U.S., for use in pet food, aquaculture and livestock production.

    By Oct. 18, 2023
  • smucker, pickles
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    Retrieved from Bick's Pickles.
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    JM Smucker selling 4 condiment brands to TreeHouse Foods for $20M

    Both CPGs have had a busy year buying and selling assets to focus their portfolios and gain scale in faster-growing categories.

    By Oct. 18, 2023
  • Unrecognizable black father carrying Thanksgiving turkey while serving it for his family in dining room.
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    Getty Images
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    Turkey prices could fall as Thanksgiving nears, but bird flu reemergence threatens flocks

    Consumers will likely see lower prices for the holiday staple compared to last fall, according to a report, but the unpredictable avian flu remains a threat.

    By Oct. 11, 2023
  • Utz chips and pretzels
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    Megan Poinski/Food Dive
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    Utz to close Pennsylvania factory

    The closure is part of broader cost cutting moves across the snack maker’s network, which includes the sale of four sites.

    By Joelle Anselmo • Oct. 11, 2023
  • Mondelez oreo
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    Lillianna Byington/Food Dive
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    Opinion

    Guardians of the franchise: Safeguarding success in the competitive landscape

    Since launching a new product offers only one chance at success, optimizing it to its fullest potential becomes crucial.

    By Katie Fellows • Oct. 11, 2023
  • A building with the Smithfield logo is seen
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    The image by Tony Webster is licensed under CC BY-SA 2.0
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    Smithfield to close North Carolina pork processing plant

    The company said the move would help increase efficiency as the meat industry grapples with tightening margins. 

    By Oct. 10, 2023
  • Post Holdings, pet food
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    Courtesy of Post Holdings
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    Cereal giant Post Holdings moves deeper into pet food with $235M acquisition

    The purchase of Perfection Pet Foods gives the CPG giant, which entered the animal category for the first time in April, exposure to private-label and co-manufactured products.

    By Oct. 10, 2023
  • aha coca cola
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    Retrieved from The Coca-Cola Company on October 09, 2023
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    Coca-Cola to sharply cut distribution of Aha sparkling water as sales decline

    The company told Food Dive it sees growth potential in the category with its premium brand Topo Chico.

    By Oct. 9, 2023
  • Nestle health science, carnation
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    Permission granted by Nestle
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    Nestlé nutritional insight could soon benefit its iconic food brands

    A top executive overseeing its vitamins, minerals and supplements segment said there are opportunities to “complement” other parts of the CPG giant’s $103 billion global business.

    By Oct. 5, 2023
  • blue run molson coors
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    Courtesy of Molson Coors
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    Molson Coors looks to premium alcohol in pursuit of aggressive sales growth

    The beverage giant, which has expanded its portfolio to include whiskey and ready-to-drink tea, is aiming to get one third of its revenue from upscale offerings.

    By Oct. 4, 2023
  • Tyson Foods is laying off workers at its processing plant in Wilkesboro, North Carolina.
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    Anna Moneymaker via Getty Images
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    Tyson lays off poultry workers in North Carolina

    The meat giant is cutting jobs as the industry navigates through a backdrop of volatile prices, inflation and waning demand from high interest rates.

    By Nathan Owens • Oct. 4, 2023
  • Kellogg's cereals
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    Chris Casey/Food Dive
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    WK Kellogg Co CEO says new company sees ‘future beyond cereal’

    The newly spun off business, which includes Froot Loops and Rice Krispies, plans to expand into other categories, but will first focus on beefing up its cereal operations.

    By Oct. 4, 2023