Finances and Deals: Page

  • sovos
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    Permission granted by Sovos Brands
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    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 • Sept. 29, 2021
  • ShineWater
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    Courtesy of ShineWater
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    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 • Sept. 27, 2021
  • Mergers and acquisitions Explore the Trendline➔
    Trendline

    Mergers and acquisitions

    Declining sales and slowing consumption have more companies divesting brands, opening the door for smaller players and private equity firms to expand their portfolios.  

    By Food Dive staff
  • HumanCo acquired a majority stake in Against the Grain, which makes gluten-free pizzas, in September 2021.
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    Courtesy of HumanCo
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    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 • Sept. 22, 2021
  • cheese
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    Retrieved from Kraft Heinz.
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    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 • Updated Nov. 11, 2021
  • banza, chikpeas, beyond meat, follow your heart, pizza, plant based
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    Courtesy of Banza
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    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
  • Various cheese varieties on a board
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    "Cheese" by Jules Morgan is licensed under CC BY 2.0
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    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
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    Alex Wong via Getty Images
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    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 , • Updated Sept. 3, 2021
  • Duckweed
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    Courtesy of Parabel
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    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