Finances and Deals: Page 32

  • Molson Coors
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    Christopher Doering/Food Dive
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    Beer drinkers clinging to higher-priced brews as inflation rages, Molson Coors CEO says

    In an interview, Gavin Hattersley said price increases for the alcoholic beverage are trailing those hitting gas and other food categories, making it an affordable offering for many people.

    By • June 2, 2022
  • Unilever HQ
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    Permission granted by Unilever
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    Activist Nelson Peltz to join Unilever board

    The investor, whose group owns a 1.5% stake in the European CPG giant, has a track record of pushing large food companies to split off less profitable divisions.  

    By • May 31, 2022
  • Cans of Poppi soda are displayed on a shelf Explore the Trendline➔
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    Spencer Platt via Getty Images
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    Trendline

    Inside 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
  • BERKELEY, CA - SEPTEMBER 23: Boxes of Cheerios ceral, made by General Mills, sit on the shelf at a grocery store September 23, 2009 in Berkeley, California. General Mills Inc. reported a 51 percent ju
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    Getty Images
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    General Mills to sell Helper, Suddenly Salad for $610M

    Eagle Foods, known for its sweetened condensed milk, will buy the two brands. The transaction could help both companies expand in growing categories.

    By • May 25, 2022
  • Evo Foods shows off its plant-based eggs in San Francisco in April 2022.
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    Permission granted by Evo Foods
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    Ginkgo Bioworks partners with Evo Foods on animal-free eggs

    The U.S. biotech company will offer its scientific expertise in precision fermentation to help the Indian plant-based CPG create an ingredient to use in its products.

    By • May 19, 2022
  • Dippin' Dots
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    Permission granted by Dippin' Dots
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    Dippin' Dots to be acquired by Icee owner J&J Snack Foods for $222M

    The snack maker said the purchase will complement its existing frozen business and leverage its expertise to grow the ice cream brand and enter new markets.

    By • May 19, 2022
  • Motif FoodWorks' finished product lineup: MoPork, MoChicken, MoBeef
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    Courtesy of Motif FoodWorks
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    Motif FoodWorks launches plant-based meat products

    The food tech company, which says it is debuting the offerings following strong demand for test products demonstrating its ingredients, also received an investment from Robert Downey Jr.'s venture capital fund.

    By • May 18, 2022
  • Eat Just's Good Meat chicken in a stir fry
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    Courtesy of Eat Just
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    ADM partners with Eat Just on cell-based meat growth medium and product development

    This is the ingredient powerhouse's first agreement in the cultivated meat space, and the company says it fits in with its strategic focus on alternative proteins.

    By • May 17, 2022
  • Brightseed
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    Permission granted by Brightseed
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    Brightseed raises $68M to accelerate artificial intelligence work

    The creator of Forager AI, which maps the health impact of plant-based compounds, plans to use the funding to launch its first FDA-GRAS ingredient. 

    By • May 12, 2022
  • Beyond Meat's Beyond Burger
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    Courtesy of Beyond Meat
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    Beyond Meat shares drop as jerky costs drive $100.5M loss

    President and CEO Ethan Brown said the internal costs the company incurred will pay off in the long run, but analysts seem to be skeptical of the strategy.

    By • May 12, 2022
  • BERKELEY, CA - SEPTEMBER 23: Boxes of Cheerios ceral, made by General Mills, sit on the shelf at a grocery store September 23, 2009 in Berkeley, California. General Mills Inc. reported a 51 percent ju
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    Getty Images
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    General Mills to buy frozen pizza crust maker to boost away-from-home business

    The purchase of TNT Crust for an undisclosed amount will add to the fold a fast-growing company while increasing the CPG's exposure to the popular meal offering.

    By • May 11, 2022
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    Dan Kitwood via Getty Images
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    Tate & Lyle buys chickpea ingredients company Nutriati

    The acquisition comes six months after the ingredients giant agreed to distribute the upstart's offerings used in non-dairy, plant-based meat and gluten-free products.

    By • May 5, 2022
  • Whole Earth Brands, sugar, sweetener, equal
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    Permission granted by Whole Earth Brands
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    Whole Earth Brands carves out its sweet spot in alternative sweeteners

    The company's portfolio of products like Wholesome and Equal are designed to give consumers more choice and position it to grab a bigger slice of the $100 billion market dominated by sugar.

    By • May 5, 2022
  • An apple dipped in Voyage Foods' peanut-free peanut butter
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    Courtesy of Voyage Foods
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    Voyage Foods gets $36M investment to scale up

    The California company that recreates chocolate, peanut butter and coffee on a molecular level is planning product launches later this year.

    By • May 5, 2022
  • Sanderson Farms, chicken
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    Permission granted by Sanderson Farms
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    What the stalled Sanderson and Wayne Farms merger says about its potential for closing

    As regulators in the Biden administration scrutinize the pending $4.53 billion acquisition, experts point to obstacles that could complicate its approval.

    By • May 4, 2022
  • Krave, jerky
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    Permission granted by Sonoma Brands
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    Deep Dive

    Lost and found: Brands neglected by large CPGs thrive under new ownership

    Krave jerky, Funfetti baking products and Häagen-Dazs are just a few of the lines that have flourished after being divested, with their new owners spending more on marketing, innovation and improving product quality.

    By • May 3, 2022
  • smoked salmon (actual salmon -- not a plant-based analog)
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    Courtesy of SimpliiGood
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    IFF and SimpliiGood collaborate to make spirulina-based smoked salmon

    The ingredients powerhouse will provide flavor and aroma attributes to a product that the Israel-based startup plans to make completely out of microalgae.

    By • April 28, 2022
  • Lemon Perfect's product lineup
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    Courtesy of Lemon Perfect
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    Beyoncé participates in Lemon Perfect's $31M funding round

    The superstar behind "Lemonade" headlines the clean-label, enhanced hydration brand's Series A round, which it will use to more than double its distribution.

    By • April 28, 2022
  • A scientist uses PIPA's LEAP system to get information about functional ingredients.
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    Courtesy of PIPA
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    Mars partners with AI provider to accelerate functional food development

    The multi-year agreement with PIPA will bring an algorithm searching biomedical data, scientific publications and clinical trials to the company's human and pet divisions.

    By • April 27, 2022
  • Chicken tacos made with Upside Foods' cultured meat
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    Permission granted by Upside Foods
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    Upside Foods gets $400M investment for commercial-scale facility

    The largest single funding round in the cultivated meat space to date included money from Tyson, Cargill and Givaudan, and will help the company bring cell-based animal products to market. 

    By • April 21, 2022
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    Courtesy of Impossible Foods
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    How Temasek became a leading food tech investor

    The Singapore-based firm realized eight years ago the sector held the keys to sustainability and longevity. After $8 billion in investments, its agri-food division head is more bullish than ever on its potential.

    By • April 20, 2022
  • a shoc, energy drink
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    Retrieved from A Shoc.
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    Energy drink A Shoc raises $29M from investors including Keurig Dr Pepper

    The beverage giant was an early investor in 2019 and handles national sales and distribution.

    By • April 19, 2022
  • Austin, cocktails, Constellation Brands
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    Retrieved from Austin Cocktails.
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    Constellation Brands buys remaining stake in RTD drink Austin Cocktails

    The acquisition deepens the Corona brewer's presence in the fast-growing category that could control nearly 25% of total alcohol beverage volume by 2025. 

    By • April 8, 2022
  • Kerry acquired ayurvedic ingredients company Natreon in 2022.
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    Courtesy of Kerry
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    Kerry buys ayurvedic ingredients maker Natreon

    The deal brings several functional herbs and extracts associated with Indian traditional health practices to the Irish company's portfolio. 

    By • April 7, 2022
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    Dan Kitwood via Getty Images
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    Tate & Lyle to acquire dietary fiber business in China for $237M

    The company said the purchase of Quantum Hi-Tech Biological will strengthen its market position for the popular ingredient while boosting its food and beverage solutions.

    By • April 7, 2022
  • A picture of the street sign stating "Wall Street." American flags drape over a nearby building
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    Kena Betancur via Getty Images
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    IPOs in Americas plummet 72% during first quarter: EY

    Despite several companies going public in recent years, the food and beverage sector has been largely quiet in 2022, with firms like Chobani deciding to delay listing their shares.

    By Jim Tyson , • April 5, 2022