Corporate
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Retrieved from Hungry Planet.
Post's dealmaking push accelerates with plant-based Hungry Planet partnership
Under the agreement, the St. Louis-based CPG company will distribute the upstart's meat-free burgers, chicken patties, sausage and crab cakes in grocery stores and to foodservice.
By Christopher Doering • Jan. 26, 2021 -
Courtesy of Budweiser
Budweiser skips Super Bowl, reallocates ad budget to COVID-19 support
The AB InBev flagship will forgo a big game spot for the first time in 37 years, opting instead for vaccine awareness efforts that include a digital short film.
By Chris Kelly • Jan. 25, 2021 -
Trendline
Mergers and acquisitions
While M&A remains a popular tool for companies looking to cull slow-growing businesses or increase their presence in hot trends, dealmaking has taken on a different look in recent years.
By Food Dive staff -
Courtesy of Eat Just
Plant-based Just Egg to launch sous vide bites
The egg substitute brand is adding a trendy product as more people look for vegan breakfast options.
By Megan Poinski • Jan. 25, 2021 -
Retrieved from Pilgrim's Pride on September 23, 2020
JBS USA and Pilgrim's offering workers $100 bonus to get COVID-19 vaccine
A small but growing number of food and grocery companies have offered cash or time off to get the shot, including Chobani, Instacart and Lidl.
By Christopher Doering • Jan. 25, 2021 -
Courtesy of Chobani
Chobani to give its 2,220 workers up to 6 hours off to get COVID-19 vaccine
The Greek yogurt maker said it's looking into hosting on-site vaccination clinics as soon as food processing workers become eligible for the shot.
By Christopher Doering • Jan. 22, 2021 -
Retrieved from Unilever on November 17, 2020
Unilever promises living wages to those directly supplying goods and services by 2030
The initiative, which would affect millions of workers across 190 countries, burnishes the company's reputation among consumers and potential hires.
By Jessi Devenyns • Jan. 22, 2021 -
Permission granted by Dr. Praeger’s
Dr. Praeger's Sensible Foods acquired by Vestar Capital Partners
The private equity group is investing in the 27-year-old company at a time when its plant-based and better-for-you frozen foods are exactly what consumers are looking for.
By Megan Poinski • Jan. 22, 2021 -
AppHarvest
Ahead of SPAC deal closure, David Lee says AppHarvest 'will not miss a beat'
The company's new president, who was previously CFO of Impossible Foods, joined the firm just as it harvests its first crop and prepares to become publicly traded.
By Jane Thier • Jan. 21, 2021 -
PureCircle settles stevia patent infringement lawsuit
Under terms of the largely confidential settlement, a licensing agreement allows smaller provider Almendra to continue selling its disputed Steviarome ingredients worldwide.
By Megan Poinski • Jan. 21, 2021 -
Retrieved from Kind on August 21, 2020
Kind launches program for free dietitian consultations
The better-for-you snack brand, acquired by Mars last year, will match consumers with a professional in their state who will provide 15-minute nutritional sessions.
By Megan Poinski • Jan. 21, 2021 -
Wine industry sees uncertain future as pandemic and millennials cloud outlook
The alcohol segment could be on pace for continued consumption declines unless it can attract and retain younger and older consumers to the space.
By Christopher Doering • Jan. 21, 2021 -
Danone under pressure as activist investor pushes for change
Bluebell Capital Partners urged the Activia and Oikos maker to start searching for a new chief while splitting its chairman and CEO roles.
By Christopher Doering • Jan. 20, 2021 -
Courtesy of BlueNalu
BlueNalu gets $60M in debt financing to bring cell-based seafood to the US this year
The California company is building out its new 40,000-square-foot headquarters to scale up its never-fished mahi-mahi as it continues discussions with FDA regulators.
By Megan Poinski • Jan. 20, 2021 -
Courtesy of Truly Hard Seltzer
Truly Hard Seltzer targets millennials shunning Dry January
To promote new tea flavors, the brand offered free merchandise to the 62% of drinking-age millennials avoiding the alcohol-free movement.
By Robert Williams • Jan. 19, 2021 -
Creative-Family/Getty Images
Deep DiveCould 2021 be the breakout year for cannabis-infused food and beverages?
Although the pandemic slowed progress, the outlook is brighter as more companies enter the market and the regulatory environment has the potential to change.
By Lillianna Byington • Jan. 19, 2021 -
Campbell Soup to shutter Georgia plant with 326 workers by spring 2022
The closure of the 94-year-old plant, which makes candy, crackers, cookies, nuts and bars, reflects the company's need to increase efficiencies as consumer demand shifts.
By Christopher Doering • Jan. 19, 2021 -
Christopher Doering
How General Mills' CFO prioritizes social justice and sustainability
Sharing a headquarters city with the site of George Floyd’s killing and working to provide food during a crisis has made the company's ESG commitment more than a feel-good effort, Kofi Bruce said.
By Jane Thier • Jan. 15, 2021 -
Fotolia
Specialty Food Association launches 'Infinite Aisle' buying platform
The new marketplace connects retailers with many cottage suppliers and facilitates product shipments directly to stores.
By Jeff Wells • Jan. 15, 2021 -
Courtesy of Kraft Heinz
Kraft Heinz tests recyclable paper Macaroni & Cheese bowls
The new cups are part of the CPG giant's commitment to make all of its packaging recyclable, reusable or compostable by 2025.
By Megan Poinski • Jan. 15, 2021 -
T. Hasegawa buys Mission Flavors & Fragrances
The acquisition fits into the ingredient company's strategy to broaden its portfolio in dairy, bakery, plant-based alternatives, fruit filling and confectionary categories.
By Lillianna Byington • Jan. 14, 2021 -
Permission granted by Beneo
Getting to the root of chicory root's popularity surge
From adding fiber and mouthfeel to its use in prebiotics, the woody perennial's versatility has made it popular with consumers and businesses — especially during the pandemic.
By Christopher Doering • Jan. 14, 2021 -
Retrieved from Truss Beverage Co. on January 13, 2021
Molson Coors launches first US CBD drink line
Veryvell, the sparkling, nonalcoholic beverage that will be available only in Colorado, was developed by Truss CBD USA, a joint venture between the beer giant and Hexo.
By Lillianna Byington • Jan. 14, 2021 -
Permission granted by Treasure8
Treasure8 partners with Mariani for food dehydration innovation
The California startup will use its exclusively licensed technology to help the 115-year-old dried fruit company bring healthier and tastier food to consumers around the world.
By Megan Poinski • Jan. 14, 2021 -
Courtesy of PowerPlant Ventures
Coca-Cola sells Zico coconut water to PE firm founded by brand's creator
The sale for an undisclosed sum comes as the beverage giant aims to cut about 200 brands to focus on more profitable, faster-growing products coming out of the pandemic.
By Christopher Doering • Jan. 14, 2021 -
Courtesy of Chobani
Chobani enters crowded RTD coffee space
The Greek yogurt giant has taken a big step to expand its reach beyond the dairy aisle, but the move will pit it against heavyweights such as Nestlé, Starbucks and Danone.
By Christopher Doering • Jan. 14, 2021
