Finances and Deals: Page 3
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Retrieved from Mars.
Mars to build $237M facility for its Nature’s Bakery brand in Utah
The plant will meaningfully increase capacity for the granola and snack bar brand, which has become the eighth best-selling and fastest-growing product in the category.
By Christopher Doering • Jan. 24, 2024 -
Permission granted by Oatly
Oatly and Carvel partner to bring dairy-free flavors to stores nationwide
The self-described “cult classic ice cream shoppe,” will offer oat-based soft serve, scoops, and ice cream sandwiches in 18 states.
By Elizabeth Flood • Jan. 23, 2024 -
Christopher Doering/Food Dive
Celsius broadens international reach with distribution deals in Canada, UK
The energy drink maker also has identified Germany, Japan and Australia as “big opportunities” for new markets as it increases its reach outside the U.S.
By Christopher Doering • Jan. 22, 2024 -
Permission granted by Caribou Coffee
JDE Peet’s reaches $260M licensing deal with Caribou Coffee
The transaction will allow JDE Peet’s to expand its premium portfolio in North America, while giving Caribou the ability to focus on its growing coffeehouse business.
By Christopher Doering • Jan. 19, 2024 -
Courtesy of Molson Coors
ColumnLeftovers: Miller Lite freshens up mint aisle | Organic Valley’s latest milk is a no-brainer
The Molson Coors brand makes an appeal to Dry January participants while rapper Snoop Dogg's Broadus Foods ventures into frozen treats.
By Food Dive staff • Jan. 19, 2024 -
Courtesy of Imagindairy
Imagindairy promises to offer animal-free dairy at cost parity
The Israel-based food tech startup acquired its own industrial-scale, precision fermentation production lines focused on alternative dairy ingredients.
By Elizabeth Flood • Jan. 17, 2024 -
Courtesy of Diageo
Diageo settles legal dispute with Diddy over spirits brands
The alcohol giant, which is cutting ties with the rapper, will remain the sole owner of DeLeón tequila and Ciroc vodka.
By Chris Casey • Jan. 17, 2024 -
Retrieved from Ferrara.
Ferrara discontinues Fruit Stripe and Super Bubble gums
The company quietly ended production of both brands in 2022 amid a multi-year decline in consumption of the confection.
By Christopher Doering • Jan. 16, 2024 -
Courtesy of Farther Farms
Major french fry producer hit with potato surplus as restaurant demand falters
Lamb Weston reported a $71 million charge to write off the excess supply, with the processor noting inflation-wary consumers are dining out less.
By Sarah Zimmerman • Jan. 15, 2024 -
Courtesy of Meati
Meati Foods at Target? It’s part of the plant-based company’s growth strategy
The mushroom meat maker opens the new year with a major retail distribution deal and more lofty goals.
By Elizabeth Flood • Jan. 10, 2024 -
Aja Koska via Getty Images
6 food trends to watch in 2024
Artificial intelligence will play a more prominent role in the new year as plant-based, traditional meat and breakfast cereal manufacturers face challenges in their sectors.
By Food Dive Staff • Jan. 9, 2024 -
Courtesy of Nissin Foods USA
Nissin Foods USA appoints CPG veteran as CEO
The company tapped Brian Huff, a former Kellogg executive, to help it capitalize on “unprecedented” demand for its ramen noodles in the U.S.
By Chris Casey • Jan. 8, 2024 -
David Silverman via Getty Images
Cal-Maine to acquire Tyson plant for egg production
The company said it will convert the Missouri facility, which was shuttered by Tyson last year, to grade eggs.
By Chris Casey • Jan. 3, 2024 -
Retrieved from Danone.
Danone to sell Horizon Organic and Wallaby brands to PE firm
The sale of its premium organic dairy businesses in the U.S. to Platinum Equity will allow the food and beverage maker to prioritize its health-focused offerings and reinvest in growth initiatives.
By Christopher Doering • Jan. 3, 2024 -
Scott Olson via Getty Images
Food and beverage makers to be ‘more careful and strategic’ with M&A in 2024
Inflation and higher interest rates are among the challenges expected to weigh on deal-making in the new year.
By Christopher Doering • Jan. 2, 2024 -
Getty via Getty Images
ADM ends 2023 with 2 flavoring acquisitions: Revela and FDL
The agricultural commodities giant hopes to further its reach in the nutritional ingredients space.
By Chris Casey • Dec. 21, 2023 -
Christopher Doering/Food Dive
PepsiCo’s small snacking brands fill a big void for CPG giant
With brands such as SunChips and PopCorners, the food maker can attract and retain consumers while growing its business faster.
By Christopher Doering • Dec. 21, 2023 -
Permission granted by Beyond Meat
Beyond Meat launches new burger patties at Costco
The California plant-based pioneer say they crafted a patty that is closer in taste to real beef.
By Elizabeth Flood • Dec. 20, 2023 -
Christopher Doering/Food Dive
Snickers maker Mars’ overlooked growth driver: Lunch and dinner
With brands such as Ben’s Original and Tasty Bite, the 100-year-old company is betting consumer demand for convenience, better-for-you and global cuisine will boost its food business.
By Christopher Doering • Dec. 19, 2023 -
Courtesy of T. Hasegawa USA
T. Hasegawa USA declares ube 2024’s ‘flavor of the year’
The ingredients giant projects the bright purple root with an earthy, nutty taste will join other trendy Asian flavors in U.S. food and beverage products.
By Chris Casey • Dec. 18, 2023 -
Rey Del Rio via Getty Images
WK Kellogg Co to keep Michigan plant, avoiding layoffs
After previously planning to move its Battle Creek plant’s operations to Canada, the company chose to stay in “Cereal City” after it was given a $5 million grant from the state.
By Chris Casey • Dec. 18, 2023 -
Fadel Dawod via Getty Images
COP28 takeaways: More than $7B mobilized for food system climate action
With the end of the U.N. climate summit, here's a final tally of some of the major financial commitments and sustainability pledges meant to transform the agricultural and food sectors.
By Sarah Zimmerman • Dec. 15, 2023 -
Retrieved from La Colombe.
Chobani buys coffee roaster La Colombe for $900M
The purchase gives the yogurt giant a presence in the fast-growing RTD category while building on its goal of becoming a more diversified food and beverage company.
By Christopher Doering • Dec. 15, 2023 -
Aja Koska via Getty Images
Consumers cite food prices as their top economic concern: Morning Consult
According to a recent survey, people are more worried about their grocery expenses than labor, housing and national debt.
By Chris Casey • Dec. 15, 2023 -
Courtesy of PepsiCo
ColumnLeftovers: Doritos pours Nacho Cheese-flavored liquor | Nissin’s ‘spiciest noodles ever’ infuses heat into ramen
The PepsiCo brand collaborates with Empirical to create a boozy nacho experience and Mondelēz’s beloved Golden Oreo goes gluten-free.
By Food Dive staff • Dec. 15, 2023
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