Finances and Deals: Page 4
-
Retrieved from Solina on February 13, 2025
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 Sarah Zimmerman • Feb. 13, 2025 -
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 Christopher Doering • 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 -
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 Christopher Doering • Feb. 12, 2025 -
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 Chris Casey • Feb. 10, 2025 -
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 -
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 Chris Casey • Feb. 5, 2025 -
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 Christopher Doering • Feb. 5, 2025 -
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 -
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 Chris Casey • Feb. 4, 2025 -
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 Christopher Doering • Feb. 3, 2025 -
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 Christopher Doering • Jan. 28, 2025 -
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 Christopher Doering • Jan. 24, 2025 -
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 Christopher Doering • Jan. 22, 2025 -
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 -
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 Chris Casey • Jan. 21, 2025 -
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 -
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 Christopher Doering • Jan. 16, 2025 -
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 Christopher Doering • Jan. 16, 2025 -
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 Chris Casey • Jan. 16, 2025 -
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 Chris Casey • Jan. 14, 2025 -
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 Christopher Doering • Jan. 14, 2025 -
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 Christopher Doering • Jan. 14, 2025 -
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 Christopher Doering • Jan. 13, 2025 -
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 Chris Casey • Jan. 9, 2025 -
Retrieved from Simple Mills.
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 Christopher Doering • Jan. 9, 2025