Finances and Deals: Page 4


  • Liquid ingredients are seen
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    Retrieved from Solina on February 13, 2025
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    French ingredients supplier Solina expands further into US with seasoning acquisitions

    The company wants to become a “one-stop shop” for dry and liquid flavors following the purchase of Sokol Custom Food Ingredients and Advanced Food Systems.

    By Feb. 13, 2025
  • Cans of Olipop soda.
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    Courtesy of Olipop
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    Olipop valued at nearly $2B following latest funding round

    The prebiotic soda offering is the top non-alcoholic brand in the U.S. by dollar sales and unit growth, according to the company.

    By Feb. 12, 2025
  • 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
  • Flowers Foods, Dave's Killer Bread, bars
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    Courtesy of Flowers Foods
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    Wonder bread owner Flowers Foods positioned to weather GLP-1 uncertainty, CEO says

    Ryals McMullian noted consumers are moving away from traditional white and wheat bread into organic, keto, gluten-free and premium areas.

    By Feb. 12, 2025
  • jbs cattle
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    Courtesy of JBS
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    JBS spends $200M to expand US beef production

    The investment by the Brazil-based meat giant comes as it prepares for a rebound in the cattle supply after a period of contraction. 

    By Feb. 10, 2025
  • 2 Ball aluminum cups branded for Bud Light and Super Bowl LIV against the backdrop of Hard Rock Stadium
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    Courtesy of Ball Corp.
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    Ball buys Florida can maker, plans Oregon plant

    The packaging company is gaining a Southeast facility through a $160 million deal and will build a plant in the Pacific Northwest to better align with customer needs.

    By Maria Rachal • Feb. 7, 2025
  • Bottles of Don Julio line several bar shelves.
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    Theo Wargo/Getty Images for 2018 Tribeca Film Festival via Getty Images
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    Guinness owner Diageo says it could lose $200M in profits from tariffs

    The company is warning investors of the potential impact — if tariffs take effect next month — on the spirits business’ bottom line.

    By Feb. 5, 2025
  • PepsiCo, Frito-Lay
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    Christopher Doering/Food Dive
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    PepsiCo to focus on value, healthier offerings amid slump in snacks

    CEO Ramon Laguarta said the Doritos maker hasn’t seen a “direct impact” from GLP-1 medications despite higher consumer interest in health and wellness.

    By Feb. 5, 2025
  • Mustard with Mustard
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    Courtesy of Kraft Heinz
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    Heinz teams with hip-hop hitmaker Mustard for new product, campaign

    The marketer launched the culturally minded — and perhaps overdue — campaign with a spot that aired during the Grammy Awards.

    By Chris Kelly • Feb. 4, 2025
  • In this photo illustration, bottles of Modelo Especial beer sit on a table.
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    Mario Tama/Getty Images via Getty Images
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    Mexican beer, Kentucky bourbon: Alcohol caught in the crosshairs of Trump tariff threats

    A brewing North American trade war could raise prices of iconic brands like Modelo and Don Julio.

    By Feb. 4, 2025
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    Scott Olson via Getty Images
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    JM Smucker to divest some sweets brands for $40M as it focuses on Hostess

    The sale of the Cloverhill and Big Texas brands, as well as certain private-label products, also will help cut costs and reduce complexity across its manufacturing network.

    By Feb. 3, 2025
  • A can of Slice Soda
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    Permission granted by Suja Life
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    Slice Soda returns to shelves as healthier offering

    The beverage, once owned by PepsiCo, is tapping into consumer interest in nostalgia and better-for-you products made with real ingredients, probiotics and low amounts of sugar. 

    By Jan. 28, 2025
  • Prodcuts made by Power Crunch.
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    Courtesy of Ferrero
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    Ferrero buys protein snack company Power Crunch

    The purchase expands the Nutella maker's presence in the better-for-you category while increasing its U.S. footprint. 

    By Jan. 24, 2025
  • Cans of Stok Cold Brew coffee.
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    Permission granted by Danone
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    Q&A

    Inside the evolution of Danone’s Stōk

    The fast-growing beverage has expanded into a cappuccino-inspired cold brew, seasonal flavors and energy, bringing new usage occasions and consumers to the brand.

    By Jan. 22, 2025
  • Grocery products.
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    Courtesy of Walmart
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    Private label sales hit record $271B in 2024

    All 10 food and nonedible departments tracked by Circana showed store brand dollar growth over 2023, a new report found.

    By Catherine Douglas Moran • Jan. 21, 2025
  • leinenkugels
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    Courtesy of Molson Coors
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    Molson Coors refuses bid by Leinenkugel’s family to buy back plant

    The Coors Light producer said it plans to use the Chippewa Falls, Wisconsin, facility as a pilot brewery.

    By Jan. 21, 2025
  • Grocery shopping cart
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    Minerva Studio/Stock.adobe.com

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    Sponsored by RRD

    The changing habits of value-driven shoppers

    Discover how inflation is reshaping shopper habits and what brands can do to stay relevant in 2025.

    By April Masters, Senior Content Marketing Manager, RRD • Jan. 21, 2025
  • Cans of Spindrift sparkling water.
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    Courtesy of Spindrift
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    Spindrift names former Boston Beer head as CEO, sells majority stake to PE firm

    The 15-year-old brand has become popular with consumers who are lowering their sugar intake while prioritizing recognizable ingredients — all without sacrificing a fizzy mouthfeel.

    By Jan. 16, 2025
  • Budweiser and Bud Light cans
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    Thai Phi Le/Food Dive
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    Anheuser-Busch to launch energy drink through Dana White-backed partnership

    Phorm Energy, a collaboration with sports nutrition and supplements company 1st Phorm, is expected to debut this summer. 

    By Jan. 16, 2025
  • Jack Daniel's whiskey bottles displayed on shelf
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    Scott Olson via Getty Images
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    Jack Daniel’s owner to close barrel-making plant, cut more than 600 jobs

    The restructuring by Brown-Forman, which is expected to generate up to $80 million in annual savings, comes as inflation and changing consumer tastes cut into spirits sales.

    By Jan. 16, 2025
  • A photo of bottles of beer in a cooler. The bottles say Modelo.
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    Mat Hayward via Getty Images
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    Constellation Brands pins hopes on Mexican beers as spirits sales decline

    As uncertainty looms around potential tariffs, the brewer’s CEO expressed optimism about the outlook for Modelo, Corona and Pacifico.

    By Jan. 14, 2025
  • Dr Pepper can
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    "Dr. Pepper" by cyclonebill is licensed under CC BY-SA 2.0
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    Keurig Dr Pepper creates energy drink exec role in leadership refresh

    The company also named Eric Gorli as president of its $9 billion U.S. refreshment beverage operation, which includes soft drinks, tea and water.

    By Jan. 14, 2025
  • hormel chili
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    Courtesy of C.H. Guenther & Son
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    Hormel Foods CEO to retire after 36 years with the Spam maker

    The departure of James Snee, who took over the top post in 2016, is the third leader from a major food company to announce they are leaving since December.

    By Jan. 14, 2025
  • Hershey, Reese's, Hershey's, pretzel, popcorn
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    Permission granted by Hershey
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    Hershey names new executives to oversee confection, salty snacks

    Andrew Archambault, joining from Keurig Dr Pepper, will oversee its sweets business, while company veteran Veronica Villasenor will run brands like Dot’s and SkinnyPop.

    By Jan. 13, 2025
  • plant based ingredients
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    Mediterranean via Getty Images
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    Louis Dreyfus buys BASF’s food and health ingredients business

    The food processor seeks to dominate the plant-based space while chemical producer BASF shifts its focus to other areas.

    By Jan. 9, 2025
  • Packages of Simple Mills products.
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    Retrieved from Simple Mills.
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    Wonder bread owner buys Simple Mills for $795M

    Flower Foods' purchase of the better-for-you snack maker is meant to improve its growth prospects while diversifying its portfolio with the addition of crackers, cookies, snack bars and baking mixes.

    By Jan. 9, 2025