Finances and Deals: Page 7
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Courtesy of Mondelēz International
Mondelēz expands generative AI marketing bets with new platform
Publicis Groupe and Accenture support the offering focused on faster, more efficient production of personalized text, images and video.
By Peter Adams • Sept. 27, 2024 -
Courtesy of Goodles
Goodles poaches CFO from Sovos Brands
The better-for-you mac and cheese company is focused on leveraging Chris Hall’s experience to gain momentum in brand awareness.
By Elizabeth Flood • Sept. 26, 2024 -
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 -
Courtesy of Anheuser-Busch
ColumnThe Weekly Sip: Anheuser-Busch unveils Michelob Ultra Zero | Boston Beer takes Truly to brunch
In other beverage news, Nestlé’s Coffee mate is turning to a popular breakfast item for its latest creamer.
By Food Dive staff • Sept. 26, 2024 -
Courtesy of Waterloo Gin Company
Billionaire Patrón founder buys Waterloo gin
John Paul DeJoria wants to expand distribution of the 15-year-old botanical-infused spirits brand beyond its existing markets of Texas and Florida.
By Chris Casey • Sept. 25, 2024 -
Courtesy of Lifeway Foods, Inc.
Danone offers to buy kefir maker Lifeway Foods for $283M
The proposal to buy the company for $25 a share comes as Lifeway’s leadership remains embroiled in a bitter family dispute and the manufacturer faces shareholder calls to sell itself.
By Christopher Doering • Sept. 23, 2024 -
Permission granted by Mondelez International
Mondelēz buys majority stake in fast-growing Chinese cake and pastry maker
The snacking giant said the deal for Evirth “represents an important step” in expanding its presence in these categories, a core focus alongside chocolate and biscuits.
By Christopher Doering • Sept. 23, 2024 -
Courtesy of Molson Coors
ColumnThe Weekly Sip: Molson Coors revives light Miller High Life | Poppi, Post Malone partner on new flavor
In other beverage news, Bigelow Tea is constructing a new facility in Kentucky to meet the growing demand for its products.
By Food Dive staff • Sept. 19, 2024 -
Courtesy of General Mills
General Mills sees at-home consumption rebounding after price cuts
CEO Jeff Harmening told Wall Street analysts that the cereal maker is benefiting from consumers who are eating more at home to save money.
By Chris Casey • Sept. 19, 2024 -
Courtesy of Nutrabolt
C4 partners with Hershey to bring its sweets to energy drinks, protein powders
The initial tranche of products will include the confectionery giant’s Bubble Yum, Jolly Rancher, Hershey's Milk Chocolate and Reese's brands.
By Christopher Doering • Sept. 18, 2024 -
Courtesy of Coca-Cola
Coca-Cola and Bacardi partner on ready-to-drink cocktail
The premixed beverage will be sold in several markets worldwide in 2025, with the initial launch planned for Mexico and select European markets.
By Christopher Doering • Sept. 17, 2024 -
Courtesy of Molson Coors
Molson Coors bets on booze-free ‘mocktails’ with Australian brand
The partnership with Naked Life, which makes better-for-you canned nonalcoholic beverages, is part of the alcohol giant’s efforts to move beyond beer.
By Chris Casey • Sept. 17, 2024 -
Brandon Bell via Getty Images
Cal-Maine takes majority stake of egg processor, expanding into prepared foods
A new joint venture with wrap and crepe maker Crepini comes as producers look to boost profits through a renewed focus on value-added products.
By Sarah Zimmerman • Sept. 13, 2024 -
Courtesy of Hormel Foods
ColumnLeftovers: Cinnamon Toast Crunch goes hog wild for bacon | Krispy Kreme bonds with Barbie
Hormel’s Black Label Bacon is partnering with the popular cereal to create the best of sweet and salty, while Mattel's iconic doll is moving into doughnuts.
By Food Dive Staff • Sept. 13, 2024 -
Courtesy of T. Hasegawa
T Hasegawa broadens flavor portfolio with Abelei acquisition
The purchase will add more citrus and fruit options to the company’s offerings serving the food, beverage and nutrition industries.
By Elizabeth Flood • Sept. 12, 2024 -
David McNew via Getty Images
Avocado shortages generate record profits
Mission Produce and Limoneira are seeing strong consumer demand even in the face of higher grocery store prices.
By Sarah Zimmerman • Sept. 12, 2024 -
Justin Sullivan via Getty Images
General Mills to sell North American yogurt business for $2.1B
The divestiture, which includes brands such as Yoplait and Go-Gurt, will allow the food giant to focus on faster-growing areas including snacks and pet food.
By Christopher Doering • Sept. 12, 2024 -
Christopher Doering/Food Dive
Campbell Soup CEO downplays possibility of splitting food giant
Mark Clouse expressed confidence in the company’s existing business and said a potential separation of its snacks business from its meals and beverages wasn’t imminent.
By Christopher Doering • Sept. 11, 2024 -
Permission granted by Klimon
Dairy-free frozen dessert Klimon expands reach
The plant-based ice cream, which claims to have the same texture and creaminess as its traditional counterpart, has garnered widespread consumer support since its launch two years ago.
By Elizabeth Flood • Sept. 10, 2024 -
Courtesy of Planted
Food tech company Planted to launch ‘first of its kind’ fermented whole cut steak
The plant-based meat is made with soy, rapeseed oil, beans, rice and a proprietary blend of microbial cultures.
By Elizabeth Flood • Sept. 9, 2024 -
Courtesy of Hershey
Hershey launches Shaq-A-Licious XL Gummies
Rolled out in partnership with basketball star Shaquille O’Neal, the new snack taps into the growing popularity of the soft candy, particularly among younger consumers.
By Christopher Doering • Sept. 9, 2024 -
Retrieved from Black Rifle Coffee.
Keurig Dr Pepper inks sales and distribution deal for Black Rifle Energy Drinks
The new beverage line is expected to launch in the fourth quarter and be available nationwide in early 2025. Terms of the deal were not disclosed.
By Christopher Doering • Sept. 6, 2024 -
Courtesy of Hormel
Hormel challenged by weak whole turkey prices
Despite headwinds in the commodity market, the food processor saw higher demand for ground turkey and other branded products as more consumers make meals at home.
By Nathan Owens • Sept. 6, 2024 -
Courtesy of Beyond Meat
Beyond Meat unveils plans for new steak
CEO Ethan Brown said the company will likely introduce the product in collaboration with a “healthier” restaurant.
By Elizabeth Flood • Sept. 6, 2024 -
Retrieved from Parm Crisp.
Hain Celestial sells ParmCrisps to Pop Secret owner
The divestiture of the cheese crisp and snack mix brand to Our Home allows Hain to focus its portfolio and streamline its supply chain.
By Christopher Doering • Sept. 3, 2024 -
Hryshchyshen Serhii via Shutterstock
Are shoppers’ concerns around food inflation starting to ease?
While consumers feel they have “more or less control” over their grocery finances, they are still worried about rising food costs, new FMI research found.
By Peyton Bigora • Aug. 29, 2024
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