Finances and Deals: Page 35
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Courtesy of Impossible Foods
Top 10 food funding rounds of 2021
The year has had 13 unique investment periods where companies received more than $100 million — a trend that is not likely to end soon, experts say.
By Megan Poinski • Dec. 23, 2021 -
Courtesy of Future Meat Technologies
Future Meat Technologies raises $347M and makes a $1.70 cell-based chicken breast
The Israeli cultivated meat company also has plans to break ground on a U.S. facility in 2022, with operations beginning in 2024.
By Megan Poinski • Dec. 20, 2021 -
Explore the Trendline➔
Spencer Platt via Getty Images
TrendlineInside 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 -
JM Smucker sells juice and grains businesses, and will shut down plant
Nexus Capital Management will buy R.W. Knudsen juices and TruRoots easy-to-cook ancient grains for $110 million, and a Wisconsin facility that makes jams, jellies and ice cream toppings will close its doors in 2022.
By Megan Poinski • Dec. 16, 2021 -
Courtesy of The Urgent Company
Coolhaus acquired by Perfect Day-affiliated The Urgent Company
The premium ice cream maker, which is being purchased for an undisclosed price, will eventually make all of its dairy products with animal-free proteins.
By Megan Poinski • Dec. 13, 2021 -
Retrieved from Parm Crisp.
Hain Celestial spends $259M for better-for-you cheese crisp and cookie brands
The organic and natural food giant said the addition of ParmCrisps and Thinsters will deepen its position in the snacking category and further establish it as a high-growth, healthy food manufacturer.
By Christopher Doering • Dec. 13, 2021 -
Courtesy of Strong Roots
McCain invests $55M in plant-based frozen brand Strong Roots
The global potato giant adds the Irish company known for Cauliflower Hash Browns and veggie burgers to its portfolio of partners in the trendy better-for-you space.
By Megan Poinski • Dec. 8, 2021 -
Courtesy of The Every Company
The Every Company gets $175M investment
The funds will help the animal-free egg white company continue its expansion and commercialization of its ingredients made by precision fermentation.
By Megan Poinski • Dec. 7, 2021 -
Permission granted by LiveKuna
Bakery giant Grupo Bimbo investing in superfood maker LiveKuna
The owner of Sara Lee and Thomas' English Muffins also will partner with the upstart to expand distribution in North America of its products made from ingredients like quinoa and chia.
By Christopher Doering • Dec. 6, 2021 -
Permission granted by Florida Food Products
Comax Flavors sells majority stake to Florida Food Products
The natural flavors company will become part of FFP's taste division and further expand its portfolio of clean label ingredients.
By Samantha Oller • Dec. 2, 2021 -
Courtesy of New Culture Foods
New Culture raises $25M to launch animal-free cheese in 2022
The funding round — which includes venture arms of Kraft Heinz, ADM and Dr. Oetker — will help the company scale and grow as it plans to commercialize its cow-free mozzarella.
By Megan Poinski • Nov. 23, 2021 -
Courtesy of Impossible Foods
Impossible Foods raises $500M, bringing its lifetime funding to more than $2B
The company, which says it is the fastest growing in plant-based meat, plans to use the money to accelerate its expansion in the U.S. and abroad.
By Megan Poinski • Nov. 23, 2021 -
Monster Beverage exploring deal with Constellation Brands, Bloomberg reports
The exact type of transaction between the energy drink maker and the Corona brewer, whether it involves a merger or a specific asset, is uncertain, the news service said.
By Christopher Doering • Nov. 22, 2021 -
Courtesy of Greenleaf Foods
What's behind the slowdown in plant-based meat sales?
With major companies posting lower-than-expected revenues, the once-hot sector is looking less appealing to investors. Three analysts give their take on what happened and the segment's future.
By Megan Poinski • Nov. 22, 2021 -
Matthew Stockman via Getty Images
JBS enters cell-based meat with BioTech Foods acquisition and $100M investment
The world's largest meat company is the first to make an acquisition in the growing space, and plans to build a production facility in Spain and a cultivated meat R&D center in its home country of Brazil.
By Megan Poinski • Nov. 18, 2021 -
Courtesy of Local Bounti
Local Bounti aims to prove it's worth the investment despite indoor farming's spotty track record
With the pending close of its SPAC deal, the firm believes it can execute and turn a profit thanks to a focus on unit economics and local distribution in the Western U.S.
By Samantha Oller • Nov. 18, 2021 -
Courtesy of Chobani
Chobani reveals surging sales as it moves closer to IPO
The Greek yogurt maker, which plans to list on the Nasdaq under the symbol "CHO," posted revenue of $1.4 billion in 2020 with losses of $58.7 million, according to an SEC filing.
By Christopher Doering • Nov. 17, 2021 -
Permission granted by Sanderson Farms
Sanderson and Wayne Farms merger 'an opportunity that doesn't come along very often,' CEO says
Clint Rivers said the new company — which would be the third-largest U.S. poultry processor after the deal closes — will benefit from expansion into new categories and growing demand for chicken.
By Christopher Doering • Nov. 17, 2021 -
Courtesy of Hoop Tea
Anheuser-Busch buys alcoholic beverage brand Hoop Tea
The Maryland-based company, known for its infused malt drinks and seltzers, will join the beverage giant's Beyond Beer portfolio.
By Christopher Doering • Nov. 16, 2021 -
Courtesy of Mosa Meat
How Blue Horizon uses food tech investments to further sustainability
The firm puts funds toward alternative protein companies worldwide, focusing on their potential to improve the environment, human health and animal welfare.
By Megan Poinski • Nov. 15, 2021 -
Courtesy of Sol Cuisine
Marfrig, ADM plant-based venture expands with 2 North American acquisitions
PlantPlus Foods, formed in 2020 to create products for North and South American markets, is buying the maker of Hilary's veggie burgers and private-label manufacturer Sol Cuisine for about $100 million.
By Samantha Oller • Nov. 15, 2021 -
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
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