Finances and Deals: Page 3


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    Permission granted by Hostess Brands
    Deep Dive

    With a portfolio of iconic snacks, Hostess Brands sweetens its business for another century

    Just a decade after bankruptcy, the Twinkies maker is thriving under CEO Andy Callahan, who has prioritized innovation and moving its iconic offerings into faster-growing occasions.

    By March 30, 2022
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    Courtesy of Eat Just

    Plant-based food sales hit $7.4B in 2021

    Statistics from SPINS, the Good Food Institute and the Plant Based Foods Association showed the segment's growth moderated last year, but continued to increase at a rate three times larger than food in general.

    By March 30, 2022
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    Courtesy of Ynsect

    Ynsect expands to the US with mealworm farm addition

    This gives the France-based company a foothold toward making ingredients for human food in America, which are likely to be targeted to the sports nutrition and health markets.

    By March 29, 2022
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    Megan Poinski/Food Dive

    After a record 2021, food tech investments will keep coming, conference panel says

    At Future Food-Tech in San Francisco last week, several investors detailed why people are getting excited about the space and what will lead the dollars to continue to flow.

    By March 28, 2022
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    Courtesy of Lightlife

    CP Kelco makes plant-based a priority with Shiru partnership and new ingredients line

    The ingredient company is targeting meat alternative makers that want cleaner labels with more natural options, and working with the tech startup to develop and commercialize similarly functioning proteins in plants. 

    By March 24, 2022
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    Courtesy of Local Bounti

    Local Bounti to acquire indoor farming operator Pete's for $122.5M

    The company's first acquisition since going public last November will allow it to expand its retail distribution footprint from roughly 500 stores to more than 10,000.

    By March 16, 2022
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    Courtesy of Tender

    Tender raises $12M to make more realistic plant-based meat

    After its beginnings creating scaffolding for cultivated meat, the company is now spinning plant fibers like cotton candy to develop analogs that have a more similar texture to animal meat.

    By March 15, 2022
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    Mario Tama via Getty Images

    Nearly 80% of food and beverage companies have passed on higher costs to customers, survey finds

    According to Mazars' research, 83% of respondents expected sales to increase in 2022, while 54% identified higher shipping costs as their primary concern.

    By March 14, 2022
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    eskymaks via Getty Images

    How Yali Bio plans to revolutionize alternative fats

    The startup, which recently closed a $3.9 million seed round, is using precision fermentation to recreate naturally occurring fats for plant-based meat and dairy products.

    By March 10, 2022
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    Permission granted by Phytolon

    Ginkgo Bioworks partners with Phytolon on natural colors

    The biotech powerhouse will work to improve and scale processes of the Israel-based company that uses precision fermentation to make yellow, purple and pink pigments.

    By March 3, 2022
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    Permission granted by Ingredion

    Disruption has drawn ingredient suppliers and food manufacturers closer, Ingredion CEO says

    Jim Zallie said reduced R&D budgets, changing consumer tastes and an urgency to get products to market faster has created "more intimate relationships" between the two sides.

    By March 3, 2022
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    Permission granted by Belgian Boys

    Kind founder's fund leads $7M Belgian Boys investment

    Through the money and a partnership, Daniel Lubetzky's Equilibra Ventures will help the European-style sweet snacks and breakfast company expand globally.

    By March 1, 2022
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    Courtesy of Good Culture

    Good Culture raises $64M for cultured foods expansion

    The cottage cheese brand has attracted funding from investors including actress Kristen Bell as it looks to bring health benefits like probiotics into new product categories.

    By Feb. 24, 2022
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    Courtesy of Wildtype

    Wildtype receives $100M investment

    The cell-based seafood company plans to use the funding to expand production of sushi-grade salmon as it prepares for a U.S. launch.

    By Feb. 23, 2022
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    Courtesy of The Kraft Heinz Not Company LLC

    Kraft Heinz enters joint venture with NotCo

    The partnership will develop and produce plant-based co-branded products, combining the CPG giant's vast portfolio and reach with the startup's ability to reimagine animal-derived food.

    By Feb. 23, 2022
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    Christopher doering/Food Dive
    Deep Dive

    Once an afterthought, brand licensing reaps billions for CPGs hungry for growth

    Hershey, Conagra and Post are a few companies using the strategy to expand their business, build equity and keep products relevant.

    By Feb. 22, 2022
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    Fiona Goodall via Getty Images

    Kerry buys 2 biotech companies for more than $226M

    The acquisition of Germany's C-LEcta and Mexico's Enmex will help the Irish ingredients company expand its enzymes and precision fermentation business.

    By Feb. 17, 2022
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    Courtesy of Future Meat Technologies

    Food tech saw $39.3B in VC investments last year, says PitchBook

    Companies making alternative protein products and ingredients received $6 billion — a 93.4% increase over 2020, the report found. 

    By Feb. 17, 2022
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    Permission granted by Change Foods

    Change Foods raises $12M and partners with Upfield and Sigma

    The animal-free dairy company will collaborate with the plant-based butter giant and the global cheese maker to develop products, scale production and increase distribution.

    By Feb. 15, 2022
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    Courtesy of Next Gen Foods

    Next Gen Foods raises $100M and expands to US

    The Singapore company's much-hyped Tindle plant-based chicken is now available at 12 restaurants and major foodservice distributors, and the funds will go toward more expansion and R&D.

    By Feb. 15, 2022
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    Permission granted by Dreyer's Grand Ice Cream

    After divestiture by Nestlé, sales heating up at Dreyer's Grand Ice Cream

    The company, which posted its fastest growth rate in years in 2021, is investing half a billion dollars to boost manufacturing, marketing and innovation for brands like Häagen-Dazs and Drumstick.

    By Feb. 14, 2022
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    Courtesy of Endless West

    Molecular spirit maker Endless West raises $60M for tech scale-up

    The funding will go toward expanding the company's Blank Collective B2B manufacturing platform in the U.S. and overseas, while increasing production up to 20-fold.

    By Feb. 11, 2022
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    Courtesy of International Flavors & Fragrances

    IFF adds Icahn-recommended member to board

    Church & Dwight Chief Marketing Officer Barry Bruno will be one of eight new board members of the ingredients giant, which will also get a new CEO next week.

    By Feb. 10, 2022
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    Say-Cheese via Getty Images

    Cell-based chocolate maker California Cultured gets strategic investment from Cult Food Science

    The West Coast company grows cocoa from cells in bioreactors, bypassing the human rights and environmental problems associated with the ingredient's production.

    By Feb. 10, 2022
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    Christopher Doering/Food Dive

    Beer industry scrutinized by Treasury Department following wave of consolidation

    In a new report, the department said the DOJ and FTC should examine the way they review mergers in the sector while paying "particular skepticism to claims of efficiencies" in assessing future deals.

    By Feb. 10, 2022