Finances and Deals: Page 21
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Chris Casey/Food Dive
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 Chris Casey • Oct. 4, 2023 -
Bill Pugliano / Stringer via Getty Images
Kellogg embarks on new future, finalizing split into two businesses
Sixteen months after the separation was announced, the snacking and North American cereal businesses — Kellanova and WK Kellogg Co — are trading separately on the New York Stock Exchange.
By Chris Casey • Oct. 2, 2023 -
Explore the Trendline➔
Spencer Platt via Getty Images
TrendlineInside 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 -
Retrieved from Grain Processing Corporation on September 27, 2023
GPC secures another speciality flour milling facility in an effort to expand plant-based reach
To cater to sustainability-conscious consumers, the company will initially use the facility as an extension to its soy and chickpea milling operations in Grinnell, Iowa.
By Elizabeth Flood • Sept. 28, 2023 -
Permission granted by Wow Bao
Q&AFrom a small Chicago storefront to a CPG contender, a Q&A with Wow Bao’s CEO
Geoff Alexander, a restaurant industry veteran, started as a fry cook at his local university watering hole and now is a bao CPG giant. He spoke to Food Dive about his nontraditional path.
By Judy McGuire • Sept. 28, 2023 -
Courtesy of Second Nature Brands
JM Smucker to sell Sahale Snacks to Brownie Brittle owner for $34M
The deal with Second Nature Brands comes just two weeks after the jam and peanut butter company announced plans to buy Twinkies manufacturer Hostess Brands for $5.6 billion.
By Christopher Doering • Sept. 28, 2023 -
Permission granted by Mike's Hot Honey
Q&ATalking hot honey, scale and how to create a buzz with Mike Kurtz, founder of Mike’s Hot Honey
The sweet-heat trend has been around for ages. But this unique product, at first paired with pizza, developed a brand new food category and helped create the swicy category.
By Judy McGuire • Sept. 27, 2023 -
Permission granted by Mini Melts
From a high school project to taking on Dippin’ Dots: How Mini Melts is heating up ice cream
Sales are growing 35% annually and within striking distance of $100 million in the next 18 months as the brand enters new stores and regions, its CEO said in an interview.
By Christopher Doering • Sept. 25, 2023 -
Permission granted by Meati Foods
Meati Foods reduces staff by 10% as it focuses on profitability
The fermented meat company said the layoffs were not a result of the demand it has seen for its products.
By Elizabeth Flood • Sept. 22, 2023 -
Courtesy of Impossible Foods
Slumping demand forces 2 California plant-based startups to close
Hooray Foods and Nowadays join a growing list of companies in the category that have gone out of business or scaled back their growth plans.
By Elizabeth Flood • Sept. 21, 2023 -
Courtesy of The Bettering Company
Why Bettering saw an opening for luxury edibles
The company, which recently launched in Illinois, says its gummies contain minimal ingredients such as brewed tea and real fruits that prioritize a more consistent infusion of THC into the products.
By Chris Casey • Sept. 20, 2023 -
Courtesy of Steakholder Foods
Food tech venture capital deal sizes decline for the first time in seven years
Despite the drop, the number of investments increased to 268 in the second quarter as activity rebounded following the collapse of Silicon Valley Bank in March, according to a PitchBook report.
By Elizabeth Flood • Sept. 19, 2023 -
Courtesy of Goodles
Goodles refreshes leadership as it brings in $13M in Series A funding
The food brand known for its “better-for-you” boxed mac and cheese named a new CFO, chief marketing officer and senior vice president of sales.
By Howard Ruben • Sept. 19, 2023 -
Courtesy of Chamberlain Coffee
How Chamberlain Coffee aims for broad appeal while catering to Gen Z
The viral brand, launched online in 2020 by YouTube star Emma Chamberlain, has expanded into retail while touting attributes popular across generations, such as accessibility and sustainability.
By Chris Casey • Sept. 18, 2023 -
Permission granted by Mondelez International
Mondelēz quietly winds down brands it created in its SnackFutures VC arm
The snacking giant said it no longer sells Dirt Kitchen and CaPao, with the venture capital division shifting its focus to investing in already established startups.
By Christopher Doering • Sept. 18, 2023 -
Courtesy of Bacardi
Bacardi buys Ilegal to capture premium mezcal market
The liquor giant’s acquisition of the beverage brand comes amid growing interest in premium agave-based spirits.
By Chris Casey • Sept. 14, 2023 -
Courtesy of Upside Foods
Upside Foods announces first large-scale production plant: Rubicon
The cultivated meat maker selected the Chicago metro area as home for its next phase of growth.
By Elizabeth Flood • Sept. 14, 2023 -
Courtesy of Molson Coors
Molson Coors boosts its investment in Zoa Energy
The two companies partnered in 2021 following the launch of Dwayne “the Rock” Johnson’s co-founded energy drink brand.
By Chris Casey • Sept. 12, 2023 -
Scott Olson via Getty Images
JM Smucker to buy Twinkies manufacturer Hostess Brands for $5.6B
The purchase will deepen the jam and peanut butter maker’s presence in growing categories and consumer occasions focused on convenience.
By Christopher Doering • Sept. 11, 2023 -
Courtesy of Eat Just
Eat Just’s Good Meat division fails to pay $30M worth of invoices
While it’s unknown why the cultivated meat company did not make the payments as ABEC claims, a source said the two sides are working to reach a settlement.
By Elizabeth Flood • Sept. 8, 2023 -
Retrieved from By Chef Ramsay on September 08, 2023
ColumnLeftovers: Gordon Ramsay debuts frozen meals | Banza brings chickpeas to breakfast
The celebrity chef is entering the freezer aisle with premium entrees, and Nestlé embraces nostalgia with a PB&J-flavored Coffee mate creamer.
By Food Dive staff • Sept. 8, 2023 -
Courtesy of Tindle Foods
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 -
Permission granted by Sprecher Brewing
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 -
Courtesy of TreeHouse Foods
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 -
Justin Sullivan via Getty Images
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 -
Courtesy of Eat Just
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
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