Finances and Deals: Page 34
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Retrieved from General Mills.
General Mills considering sale of Progresso, Hamburger Helper for $3B, Bloomberg reports
The CPG giant is working with Goldman Sachs on a potential sale, which also could include some smaller brands in its portfolio.
By Christopher Doering • Nov. 11, 2021 -
Courtesy of Beyond Meat
Beyond Meat shares tumble after company reports lower-than-expected revenues
Several factors contributed to the plant-based meat leader missing its targets, CEO Ethan Brown said, but he is optimistic about the company's future.
By Megan Poinski • Nov. 11, 2021 -
Retrieved from Dot's Homestyle Pretzels.
Hershey buys Dot's Homestyle Pretzels and its co-manufacturer for $1.2B
CEO Michele Buck calls the company's second-largest deal a "growth play" as the CPG giant expands its portfolio beyond confections into salty snacks popular with consumers.
By Christopher Doering • Nov. 10, 2021 -
Courtesy of The Real Good Food Company
Real Good Food exec says IPO will accelerate its possibilities
With the Nasdaq debut of the better-for-you frozen comfort food company, Executive Chairman Bryan Freeman is bullish on its next-generation approach to brand equity and growth potential.
By Megan Poinski • Nov. 8, 2021 -
Retrieved from TreeHouse Foods on July 01, 2016
TreeHouse Foods nixes sale but continuing to explore divestitures
The food maker said it is optimistic over the prospects for private label and that a sale of part of its meal preparations division would make its business less complicated.
By Christopher Doering • Updated March 14, 2022 -
Permission granted by Greenleaf Foods
Maple Leaf plans review of plant-based division after sales declines
The Canadian meat giant will be looking at why consumers are less interested in purchasing its Lightlife, Field Roast and Chao brands, but did not say if it would consider selling them off.
By Megan Poinski • Nov. 5, 2021 -
Courtesy of Upside Foods
Tracking the cell-based meat space
Higher Steaks rebrands as Uncommon and raises $30 million, and JBS subsidiary BioTech Foods begins building its commercial-scale plant in Spain.
By Megan Poinski • Updated June 12, 2023 -
Courtesy of Future Farm
Future Farm lands $58M investment round
The Brazilian company, which brought its plant-based Future Burgers to the U.S. this summer, plans to launch more of its meat analogs here, as well as expand into dairy alternatives.
By Megan Poinski • Nov. 4, 2021 -
Courtesy of TurtleTree
TurtleTree closes $30M funding round
After a year of partnerships and opening a new California R&D center, the company using cell-culturing technology to create human and cow milk has money to invest in product development.
By Megan Poinski • Nov. 2, 2021 -
Permission granted by Vita Coco
Once-hot food and beverage IPOs lose their sizzle as investor enthusiasm fades
A review of 13 companies that have gone public since July 2020 through traditional IPOs or mergers with SPACs show all but one of the listings are trading below where they first came to market.
By Christopher Doering • Nov. 2, 2021 -
Retrieved from BodyArmor.
Coca-Cola buys rest of BodyArmor for $5.6B in company's largest-ever purchase
The beverage giant first acquired a 15% stake in 2018. The brand has since grown to become the second-best selling sports drink with $1.4B in sales, behind PepsiCo's Gatorade.
By Christopher Doering • Nov. 1, 2021 -
Retrieved from NexPhase Capital on November 01, 2021
Grupo Bimbo's Barcel USA expands into ready-to-eat popcorn with latest acquisition
The salty snack maker known for Takis bought a popcorn brand that touts a wide range of indulgent flavors, as well as better-for-you options.
By Jessi Devenyns • Nov. 1, 2021 -
Courtesy of Nick's
Nick's closes $100M funding round
The Swedish company known for its better-for-you ice cream and snack bars plans to accelerate its U.S. expansion and invest in more R&D.
By Megan Poinski • Oct. 28, 2021 -
Courtesy of Daring Foods
Daring Foods raises $65M and launches at Walmart
The plant-based chicken maker has raised more than $120 million over the past year as it prepares for further retail expansion and new products.
By Samantha Oller • Oct. 28, 2021 -
Permission granted by Shiru
How Shiru will use its $17M funding round to transform ingredients through science
The California company uses advanced biotechnology, chemical engineering and fermentation to replicate the functional proteins in animal-based food using the plant kingdom.
By Megan Poinski • Oct. 27, 2021 -
Courtesy of Hershey
Hershey enters premium milk with a2 partnership
The chocolate beverage, which is scheduled to hit retailers' shelves in January, is the confectionery giant's first collaboration with a premium milk company.
By Christopher Doering • Oct. 27, 2021 -
Courtesy of Tattooed Chef
Tattooed Chef buys private-label bar maker for $18M
The frozen plant-based meals company will gain access to a 47,000-square-foot manufacturing facility where it can bring a new category of products to market.
By Jessi Devenyns • Oct. 27, 2021 -
Courtesy of Atlantic Natural Foods
Above Food to buy Atlantic Natural Foods for more than $30M
The vertically integrated Canadian plant-based company's acquisition of the maker of Tuno and Loma Linda can help lead it to new customers, especially in the United States.
By Megan Poinski • Oct. 26, 2021 -
Permission granted by Vita Coco
From its birth in a bar to an IPO, Vita Coco sets its sights next on dominating healthy beverages
Co-CEO Mike Kirban said his company, which grew sales 9% in 2020, is looking toward innovation and M&A to expand its portfolio of better-for-you, functional and plant-based drinks.
By Christopher Doering • Oct. 26, 2021 -
Scott Barbour via Getty Images
Deep DiveWhy the food and beverage industry is building toward the future in 2021
Pandemic-related increases in consumption and a revitalization of CPGs are leading to more big facility construction projects, but challenges in staffing and supply chain may cloud the industry's growth.
By Megan Poinski • Oct. 25, 2021 -
Courtesy of Mission Barns
Mission Barns partnership produces plant-based sausage with cultivated fat
To announce the agreement with Silva Sausage, the companies made Mission Chorizo Sausage in a scaled production run. There is no target date for a launch yet.
By Megan Poinski • Oct. 21, 2021 -
Courtesy of Atlast Food Co
Swift to acquire Sunnyvalley Smoked Meats for $90M
With the acquisition of the smoked meats specialist, the JBS subsidiary is expanding its geographic footprint at a time when demand for bacon is growing.
By Chris Casey • Oct. 18, 2021 -
Courtesy of AeroFarms
AeroFarms calls off SPAC deal after funding dries up
The vertical farming company was set to go public after its merger with Spring Valley Acquisition Corp. in a deal that would have valued the new entity at $1.2 billion, but investors appeared to second-guess its potential.
By Samantha Oller • Oct. 15, 2021 -
Courtesy of Givaudan
Givaudan bulks up natural colors business with purchase of DDW
The acquisition marks the latest in a series of deals for the Switzerland-based company as it responds to growing demand for better-for-you offerings.
By Jessi Devenyns • Oct. 14, 2021 -
Retrieved from Vita Coco on September 02, 2020
Keurig Dr Pepper affiliated entity to buy $20M in Vita Coco stock as part of IPO
The soda, water, tea and coffee giant is Vita Coco’s largest distributor customer, accounting for 19% of its total net sales in 2020.
By Christopher Doering • Oct. 13, 2021
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