Finances and Deals: Page 24
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Cultivated meat from cows: How Omeat uses plasma to grow beef
The company, which has already raised $40 million from key investors, says it can make products at the same cost as traditional meat.
By Megan Poinski • June 22, 2023 -
Fourth of July cookouts still more expensive this year despite inflation cooling: Wells Fargo
The banking giant recommends grilling hamburgers and chicken breasts, both of which have seen prices fall slightly in the last 12 months.
By Chris Casey • June 22, 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 -
Unilever bulks up premium ice cream with Yasso purchase
The purchase, for an undisclosed amount, brings the fast-growing better-for-you brand under the consumer goods giant’s umbrella.
By Megan Poinski • June 15, 2023 -
Maker’s Mark owner Beam Suntory inks distribution deal for Mezcal Amarás
The alcohol giant said the partnership, which begins next month, is key to further premiumizing its portfolio and expanding its reach in the fast-growing agave-based spirits category.
By Christopher Doering • June 14, 2023 -
Q&A
8 questions with Momofuku CEO Marguerite Zabar Mariscal
The executive talks to Food Dive about her rise from intern to CEO of the popular restaurant group and, more recently, the company’s expanding CPG business.
By Judy McGuire • June 13, 2023 -
Impossible Foods taps Terry Crews’ agency Super Serious for national campaigns
The promotions see the plant-based brand using humor to adopt a more inclusive and approachable tone.
By Sara Karlovitch • June 12, 2023 -
Q&A
From private label to branded offerings: How Flagstone is branching out with Emerald nuts acquisition
In this Q&A, CEO Harry Overly talks about the company’s first foray out of store-brand offerings, its plans for the snacking line and the outlook for future deals.
By Christopher Doering • June 12, 2023 -
Derek Jeter invests in Meati Foods
The Baseball Hall of Famer will also serve as an adviser to the mycelium meat alternative maker, which is working to expand its steak and chicken analogs to stores nationwide.
By Megan Poinski • June 12, 2023 -
Retrieved from Lifeway Foods.
Lifeway Foods shareholder blasts CEO and board, calls for sale of the kefir maker
Kanen Wealth Management, which owns 4.1% of the company, claims the board and chief executive are “mis-managing the business” and not looking out for shareholders.
By Christopher Doering • June 8, 2023 -
TreeHouse Foods buys coffee operations from Farmer Brothers for $100M
The private label company will own a plant with processing capabilities that complement its existing single-serve pod and ready-to-drink coffee businesses.
By Christopher Doering • June 7, 2023 -
MyForest Foods gets $15M investment and new CEO to continue growth
The funds, which came from parent company Ecovative Design, will be used to drive the further expansion of mycelium bacon and other products.
By Megan Poinski • June 6, 2023 -
Quorn partners with Prime Roots to help its expansion
The U.K. company that pioneered mycelium for food also invested an undisclosed amount in the deli meat alternative maker.
By Megan Poinski • June 5, 2023 -
Opinion
An industry case for the flexitarian diet and shelf-stable plant-based foods
By infiltrating an entirely new sector, companies can experience an increase in sales, recognition and retailer distribution, according to Gregory Banzon, chief operating officer of Century Pacific Food.
By Gregory Banzon • June 5, 2023 -
Hormel Foods plans further price increases as costs remain elevated
The owner of Jennie-O, Spam and Planters said while additional pricing decisions will help it manage expenses, it’s keeping a close watch on how they impact consumer buying habits.
By Chris Casey • June 2, 2023 -
Retrieved from Aplos.
Functional non-alcoholic spirits brand Aplós raises $5.5M
The three-year-old startup said it will use the money to build up its retail distribution as many shoppers increasingly look to curtail or cease consuming alcohol.
By Christopher Doering • June 1, 2023 -
How Givaudan aims to get ahead of future food trends with AI platform
With its new “futurescaping” technology for food and beverage applications, the ingredient company aims to blend artificial and human intelligence to predict upcoming shifts in consumer desire.
By Chris Casey • June 1, 2023 -
Kellogg’s CIO lays out IT roadmap for company split
The food manufacturing giant will become two separate companies by the end of 2023. That shift brings along technical challenges — and some potential upsides.
By Roberto Torres • June 1, 2023 -
VC funding for food and beverage plunging amid challenging environment, data shows
During the last four quarters, the amount of money raised and the number of deals have fallen significantly compared to the same period the year before, according to PitchBook.
By Christopher Doering • May 31, 2023 -
Campbell Soup sells Emerald nuts business to Flagstone Foods for undisclosed amount
The nut-focused brand was an outlier in the CPG giant’s broader snacking business, which includes chips, popcorn, cookies, pretzels and crackers.
By Christopher Doering • May 30, 2023 -
DouxMatok rebrands to Incredo LTD as it raises $30M
The Israeli company also announced a joint development agreement with Ferrero, which could provide many big opportunities for the sugar reducing ingredient to show its capabilities.
By Megan Poinski • May 24, 2023 -
Wicked Kitchen buys plant-based raw fish maker Current Foods
The all-stock deal is the CPG company’s second alternative seafood acquisition in eight months, and broadens its holdings in an area primed for growth.
By Megan Poinski • May 23, 2023 -
Alternative proteins sector is ready for growth as prices drop and expansions are planned
CRB’s new report finds companies now share many of the same concerns as traditional manufacturers, and have been able to solve some cost challenges.
By Megan Poinski • May 16, 2023 -
Retrieved from Tost.
Corona owner Constellation Brands takes minority stake in sparkling brand Töst
The investment in the nonalcoholic offering will allow the Mexican beer giant to reach a wider variety of drinking occasions and increase its presence in premium products.
By Christopher Doering • May 15, 2023 -
Beyond Meat sued by investors who claim they were misled
According to the litigation, the plant-based meat company and its leaders provided an overly optimistic outlook about its growth prospects, causing investors to lose money while a former executive sold his own stock.
By Megan Poinski • May 15, 2023 -
Organic food sales hit a record in 2022, topping $60B for the first time
The category saw a 4.3% increase last year to $61.7 billion in sales, which the Organic Trade Association said indicates a continued interest from consumers despite economic volatility.
By Chris Casey • May 15, 2023