Finances and Deals: Page 35
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Permission granted by Better Meat Co
Hormel partners with The Better Meat Co. to develop meat analog products
The agreement is the first between a legacy food company and a startup that makes substitutes by fermentation.
By Megan Poinski • Oct. 6, 2021 -
Fiona Goodall via Getty Images
Speeding up serendipity: How Kingdom Supercultures will use $25M to create better foods through fermentation
The company is transforming microorganisms into cultures that can change the taste of food, lower the alcohol content of beverages and boost the appeal of plant-based protein.
By Megan Poinski • Oct. 5, 2021 -
Courtesy of Ardent Mills
Ardent Mills to buy gluten-free Firebird Artisan Mills
The purchase price was not disclosed for the North Dakota business, which provides more than 40 flour products from pulses, ancient grains and starches.
By Megan Poinski • Sept. 30, 2021 -
Courtesy of The Urgent Company
Perfect Day raises $350M and announces animal-free cream cheese
The proceeds from the round, tied for the largest single fundraising in the alternative protein space this year, will go toward science, innovation, product development and helping other startups scale.
By Megan Poinski • Sept. 30, 2021 -
Permission granted by Sovos Brands
Sovos Brands' CEO finds success in embracing 'one-of-a-kind' disruptive products
The owner of offerings such as Rao's and Noosa, which went public last week, has rapidly grown by touting high quality, clean-label ingredients.
By Christopher Doering • Sept. 29, 2021 -
Courtesy of ShineWater
Anheuser-Busch to distribute vitamin D-loaded ShineWater
The beer giant will use its own network to expand the functional drink's availability as consumers latch onto products that do more than provide sustenance or refreshment.
By Christopher Doering • Sept. 27, 2021 -
Courtesy of HumanCo
HumanCo gets $35M and buys gluten-free pizza maker Against the Grain
The better-for-you holding company's latest funding round is full of notable investors ranging from Indra Nooyi to Cindy Crawford.
By Megan Poinski • Sept. 22, 2021 -
Retrieved from Kraft Heinz.
Justice Department requires Polly-O and Athenos divestitures after Kraft Heinz-Lactalis deal
Both sales were in process, but the federal government filed a lawsuit ordering them to happen, saying action is necessary to avoid monopolies.
By Christopher Doering • Updated Nov. 11, 2021 -
Courtesy of Banza
Banza partners with Beyond Meat, Follow Your Heart on pizzas
The fast-growing maker of foods from chickpeas moved into pizza last fall after previously adding rice to complement its line of pasta.
By Jessi Devenyns • Sept. 21, 2021 -
DSM acquires dairy flavoring maker First Choice Ingredients for $453M
The manufacturer uses fermentation and enzymatic modification to create hundreds of clean-label ingredients for both traditional and plant-based applications.
By Jessi Devenyns • Sept. 9, 2021 -
Alex Wong via Getty Images
Kraft Heinz paying $62M to settle SEC investigation over its accounting
The agency said the CPG giant engaged "in a long-running expense management scheme" that resulted in the restatement of several years of financial reporting. The company did not admit to or deny the findings.
By Christopher Doering , Megan Poinski • Updated Sept. 3, 2021 -
Courtesy of Parabel
Kellogg's VC arm doubles down on duckweed in $21.5M funding round
For the second time in a little over a year, Eighteen94 Capital has invested in Plantible, a startup that is developing a protein from the aquatic plant said to be indistinguishable from animal protein.
By Jessi Devenyns • Sept. 2, 2021
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