Pilgrim’s Pride, Perdue settle in poultry price-fixing case totaling $35M

These chicken producers join a dozen other companies that have agreed to a settlement with Washington state’s attorney general who says the businesses colluded to increase profits. Five processors have yet to settle.

By Chris Casey • April 10, 2023

Sen. Sanders calls to ‘break up’ large egg producers as Cal-Maine profits surge 718%

The lawmaker once again brought up his rallying call to split “Big Ag” after the country's largest egg producer announced its latest quarterly profits.

By Chris Casey • Updated April 6, 2023

Sales at Top Ramen maker Nissin surge 41%

The company, which holds a 40% share of the instant ramen segment in the U.S., is benefiting from strong demand for its core products and newer innovations.

By Chris Casey • April 5, 2023

GoodBelly maker NextFoods acquires tart cherry beverage Cheribundi

The merger of the gut health probiotic juice brand and the natural sports recovery drink will expand their reach and production, CEO Marcel Bens said.

By Megan Poinski • April 5, 2023

Bankrupt Bang likely for sale with Monster the most logical buyer, analyst says

A Stifel research note said Monster is Bang’s largest creditor in bankruptcy and is a co-rights holder to a 5% perpetual royalty/license for use of the trademark. 

By Christopher Doering • April 4, 2023

Why Joe Biden needs to have a conversation with Michelle Obama on food policy

The current administration should take a page or two from the former first lady who said there are limits to government mandates, according to Sean McBride.

By Sean McBride • April 3, 2023

Cultivated meat maker New Age Eats shuts down

Founder and CEO Brian Spears said the company’s financial woes had nothing to do with the segment’s viability.

By Megan Poinski • March 29, 2023

PepsiCo pledges to invest $216M into regenerative agriculture

The soda and snacks giant is partnering with farm groups on new projects that aim to cut three million metric tons of emissions by 2030.

By Chris Casey • March 22, 2023

Best known for its iconic confections, Hershey hits its stride in salty snacks

Kristen Riggs, who oversees brands such as SkinnyPop popcorn and Dot’s pretzels, said the 129-year-old company is building scale and grabbing market share as it evolves into a major player in both sweet and salty foods.

By Christopher Doering • March 22, 2023

Kellogg’s new company names — Kellanova and WK Kellogg Co — signal ‘disruptive’ fresh start, CEO says

The monikers bring its recognizable brand into two distinct businesses for snacking and cereal, Steve Cahillane told Food Dive.

By Chris Casey • March 15, 2023

Bank collapses unlikely to affect large food companies, but smaller upstarts at risk, analyst says

A Mizuho research note said short-term disruption, tighter lending standards and a stronger emphasis on free cash/profitability could prevent some businesses from gaining financing or entering the industry. 

By Christopher Doering • March 15, 2023

How The Better Meat Co. scrambled to meet payroll after the SVB collapse

CEO and co-founder Paul Shapiro said a fast and unexpected loss of access to capital was one scenario the company wasn’t prepared to handle.  

By Megan Poinski • March 14, 2023

Food startups describe a ‘roller coaster of emotions’ as Silicon Valley Bank collapsed

Many companies with accounts at the bank were showing off their products at Natural Products Expo West as news went out, sending many founders into a frenzy.

By Megan Poinski • March 14, 2023

How ESG is already shaping global food regulatory policy

In less than 30 years, ESG has evolved from a lofty ideal to an investment powerhouse, backed up by nearly every metric.

March 13, 2023

Chinese food brand Fly By Jing raises $12M

The brand, which launched in 2018, also announced the appointment of its first chief financial, operations and commercial officers.

By Dani James • March 9, 2023

Hostess Brands CEO says snack maker poised to weather economic volatility

The Twinkies and Donettes producer has thrived as consumers show a penchant for indulgent treats, with many people looking for affordable items. 

By Christopher Doering • March 8, 2023

Next Gen Foods buys plant-based gelato maker Mwah

The buzzy company that created chicken analog Tindle led the seed round for the U.K. frozen treat maker last year, and will be showcasing its products at Natural Products Expo West this week.

By Megan Poinski • March 6, 2023

Better together: Conagra Brands CEO downplays possibility of splitting the food giant

In an interview, Sean Connolly said the CPG company benefits from stronger cash flow, greater negotiating power with retailers and deeper margins with its snacking, frozen and plant-based meat brands under one roof.

By Christopher Doering • March 6, 2023

How Ingredion benefits from diversification and on-demand ingredients in volatile times

CEO Jim Zallie said the company, which works with more than 18,000 customers, inherently minimizes risk by providing hundreds of ingredients in both staple and trendy categories.  

By Christopher Doering • March 2, 2023

Food CPG makers are hungry for M&A, but taking ‘disciplined’ approach to acquisitions

Companies at the recent CAGNY conference said even though they are in financially healthy positions, any deals they make will likely be smaller bolt-on purchases.

By Christopher Doering • March 1, 2023

Cargill enters alternative fats partnership with Cubiq Foods

The co-development and go-to-market agreement was part of the agribusiness giant’s investment in the Spanish plant-based and cultivated ingredients startup last year.

By Megan Poinski • March 1, 2023

Mondelēz aims to bring snacking supremacy to $71B cake and pastry category

Even after tripling sales in the segment during the last three years, the chocolate and biscuit giant remains a distant third with a 3.2% market share.

By Christopher Doering • Feb. 27, 2023

Beyond Meat hits earnings expectations, but continues to struggle with sales

CEO Ethan Brown said operational changes are starting to work, and reaffirmed the expectation to be cash flow positive by the second half of 2023.

By Megan Poinski • Feb. 24, 2023

IFF sells its Flavor Specialty Ingredients business for $220M

British private equity firm Exponent is buying the business, which the company says generated more than $100 million in revenue during the last 12 months.

By Megan Poinski • Feb. 23, 2023

Plant-based meat ‘ripe for consolidation,’ Kellogg exec says

Chris Hood, who heads the CPG’s North American business, said in an interview while “the sector is challenged now,” the company remains upbeat about the category and its MorningStar Farms brand.

By Christopher Doering • Feb. 23, 2023