Finances and Deals: Page 8
-
Courtesy of Lifeway Foods, Inc.
Lifeway rejects Danone’s second takeover offer
The kefir company said the revised $27 a-share proposal substantially undervalues” its business.
By Christopher Doering • Nov. 20, 2024 -
Permission granted by Nature's Bakery
Nature’s Bakery bucking slowdown in snack bars with healthier offering
The Mars-owned brand is posting double-digit growth and wooing consumers by solving “a real problem” with its whole grain and fruit products.
By Christopher Doering • Nov. 20, 2024 -
Courtesy of J.M. Smucker
JM Smucker opens Uncrustables facility in Alabama
The food giant's $1.1 billion investment marks the third manufacturing location dedicated to the brand.
By Joelle Anselmo • Nov. 19, 2024 -
Christopher Doering/Food Dive
Nestlé to cut $2.8B in costs, separate water into standalone business
The packaged goods giant also plans to fix, rather than sell, the majority of its underperforming businesses, CEO Laurent Freixe told investors and analysts.
By Christopher Doering • Nov. 19, 2024 -
Courtesy of Electrolit
Hydration beverage maker Electrolit invests $400M in first US plant
The company, with nearly half a billion in annual sales nationwide, is doubling down on its recent success and the popularity of electrolyte-infused drinks.
By Chris Casey • Nov. 19, 2024 -
Getty Images
Turkey could be upstaged by other meats this Thanksgiving: CoBank
The popular holiday item faces tightened supply and lower demand than in previous years, the cooperative bank said in a report.
By Chris Casey • Nov. 18, 2024 -
Christopher Doering/Food Dive
Nestlé invests $150M to expand South Carolina frozen food plant
The Hot Pockets and Lean Cuisine manufacturer said it will add a production line as well as enhance automation and digital technology.
By Christopher Doering • Nov. 18, 2024 -
Retrieved from Lifeway Foods.
Danone boosts offer for kefir maker Lifeway Foods to $307M
In a letter, the dairy giant said it was “disappointed” by the response to its earlier $283 million proposal and noted the increased price “fully reflects the fundamental potential of the Company.”
By Christopher Doering • Nov. 15, 2024 -
Permission granted by General Mills
General Mills to buy Whitebridge’s US pet food business for $1.45B
The Lucky Charms maker is furthering its push into pet food with the purchase of the cat feed and treats business.
By Chris Casey • Nov. 14, 2024 -
Courtesy of Diageo
ColumnThe Weekly Sip: Diageo leans into luxury spirits | Cheerwine gets into the holiday spirit with ale
In other beverage news, juice maker Langers debuted a craft cola with better-for-you ingredients.
By Food Dive staff • Nov. 14, 2024 -
Retrieved from Noosa.
Campbell Soup sells Noosa yogurt to fresh foods manufacturer Lakeview Farms
The CPG giant previously said the dairy brand, which it acquired as part of its $2.7 billion purchase of Sovos Brands, was not core to its business.
By Christopher Doering • Nov. 13, 2024 -
Permission granted by Cabio Biotech
Nourish Ingredients looks to enter Chinese market with Cabio partnership
The companies’ first cross-continental collaboration is expected to be mutually beneficial as they seek to expand the reach of plant-based meat.
By Elizabeth Flood • Nov. 12, 2024 -
Bill Pugliano via Getty Images
WK Kellogg Co bets big on factory revamp to boost performance
The cereal company’s plans to replace aging technology is taking shape, with $96 million spent on infrastructure so far this year.
By Chris Casey • Nov. 11, 2024 -
Courtesy of Hershey's
Hershey buys candy brand Sour Strips for undisclosed amount
The Reese’s manufacturer said the purchase expands its sweets portfolio and increases its ability to reach new consumers across more snacking occasions.
By Christopher Doering • Nov. 8, 2024 -
Courtesy of Molson Coors
Molson Coors buys majority stake in Zoa energy drinks
The beverage giant will now control marketing and retail operations for the better-for-you brand, which was co-founded by Dwayne “The Rock” Johnson.
By Chris Casey • Nov. 7, 2024 -
Permission granted by DirectSens
Kerry Group acquires lactose testing technology
The taste and nutrition giant said the LactoSens platform is used by food and beverage companies to check for the sugar naturally found in dairy products.
By Elizabeth Flood • Nov. 7, 2024 -
Permission granted by Danone
ColumnThe Weekly Sip: Danone debuts plant-based milk for kids | Celsius sees sales boost
In other beverage news, XXI Martinis is shaking up the holiday season with its limited Chocolate Peppermint beverage.
By Food Dive staff • Nov. 7, 2024 -
Getty Images
Beyond Meat posts positive growth for first time in 3 years
Despite quarterly sales volumes taking a hit, CEO Ethan Brown told analysts in an earnings call Wednesday that the company’s price hikes led to profitability.
By Elizabeth Flood • Nov. 7, 2024 -
Courtesy of Lifeway Foods, Inc.
Lifeway Foods rejects Danone’s $283M ‘opportunistic’ takeover offer
The keifer maker said its board determined that the “proposal substantially undervalues” the company and was not in the best interest of its shareholders.
By Christopher Doering • Nov. 5, 2024 -
Christopher Doering/Food Dive
Food and beverage M&A activity appears to be picking up: CoBank
Consumer interest in better-for-you snacking and struggles in plant-based meat alternatives could make these sectors attractive for dealmaking, the bank cooperative noted.
By Christopher Doering • Nov. 4, 2024 -
Courtesy of Kellanova
Kellanova sales rise as shareholders approve Mars merger
The Cheez-It manufacturer expressed optimism for a strong 2025 as it continues to see robust demand for its snack products.
By Chris Casey • Updated Nov. 4, 2024 -
Courtesy of Kind Snacks
Campbell’s and Kind receive USDA support to advance regenerative agriculture for key ingredients
The soup giant secured $3.4 million in USDA funding for tomato growers in California and Kind Snacks announced milestones for sustainable almond farming.
By Sarah Zimmerman • Nov. 4, 2024 -
Christopher Doering/Food Dive
Celsius Holdings boosts innovation, production capacity with $75M co-packer purchase
The beverage company said the acquisition provides it with the flexibility to grow in a competitive energy drink market forecast to reach $30 billion in five years.
By Christopher Doering • Nov. 1, 2024 -
Courtesy of Lactalis USA
Lactalis USA spending $55M to expand feta cheese production
The 38,000-square-foot manufacturing line, which will be operational in 2027, comes as the cheese variety grows in popularity with American consumers.
By Christopher Doering • Oct. 30, 2024 -
Courtesy of Diageo
Diageo doubles nonalcoholic Guinness production
The Irish brewer said increased investment will help grow the reach of Guinness 0.0 as consumers increasingly opt to moderate their drinking.
By Chris Casey • Oct. 29, 2024
Previous
