Corporate Operations
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Courtesy of Clif Bar
Food and beverage M&A dips in Q2, study finds
Despite 84 deals compared to 99 in the same period last year, large cash stockpiles will keep the space “an attractive and intrinsically defensive sector for investments,” according to research and data provider Kroll.
By Christopher Doering • Aug. 12, 2022 -
Orientaly via Getty Images
IFF CFO sees ‘meaningful’ cost increases next year
The ingredients company is rethinking contracts and plans to have discussions with customers on sharing “the burden” of inflation, Glenn Richter said.
By Maura Webber Sadovi • Aug. 11, 2022 -
Trendline
Better-for-you
The better-for-you trend has made its way into nearly ever facet of the food and beverage space, with the coronavirus pandemic prompting consumers to pay even more attention to what they put in their bodies.
By Food Dive staff -
Retrieved from TreeHouse Foods.
TreeHouse to sell large part of meal prep business for $950M
The sale to Investindustrial, which comes amid strong demand for store-branded offerings, will simplify the private label maker’s business and allow it to focus on higher-growth and -margin foods.
By Christopher Doering • Aug. 11, 2022 -
Courtesy of Coca-Cola
Coke to launch Dreamworld cola in latest push to attract younger consumers
The drink, part of the company’s Creations platform, was introduced to highlight the CPG giant’s signature beverage while allowing consumers to explore “what a dream tastes like.”
By Christopher Doering • Aug. 11, 2022 -
Permission granted by Danone
The secret behind Danone’s ‘very recession resilient’ portfolio
North American CEO Shane Grant said the company will benefit as consumers prioritize essential foods like its creamers, yogurts and plant-based milks.
By Christopher Doering • Aug. 10, 2022 -
Courtesy of Haus
Aperitif maker Haus to shutter as Constellation reportedly backs out on funding round
In a tweet, the upstart’s CEO said the three-year-old company is in the process of closing, and without an investor, doesn’t have the cash to support its operations.
By Christopher Doering • Aug. 10, 2022 -
Permission granted by Greenleaf Foods
Maple Leaf cuts plant-based business 25% as demand fails to meet expectations
The owner of Lightlife and Field Roast brands is “sizing the shoe to fit a new foot” as it aims to make its alternative meat unit profitable, according to its CEO.
By Samantha Oller • Aug. 9, 2022 -
Courtesy of Boston Beer Company
Boston Beer debuts Sweet Tea Whiskey through partnership with Beam Suntory
The offering, which will be under the Twisted Tea line, is the third launch in the past year between the two partners after Sauza Agave Cocktails and Truly Flavored Vodka.
By Christopher Doering • Aug. 8, 2022 -
Courtesy of Tastewise
How Tastewise uses artificial intelligence to bridge the gap between consumers and food trends
The Israeli company’s recent $17 million funding round is helping it expand the social, recipe and restaurant data it looks through to determine what consumers truly want.
By Megan Poinski • Aug. 8, 2022 -
Courtesy of Kellogg
MorningStar Farms sales drop 10% on supply disruption
Kellogg said the brand’s “uncharacteristic” decline was mostly caused by issues at a co-manufacturer and the company is focused on restoring supply.
By Chris Casey • Aug. 5, 2022 -
Courtesy of Beyond Meat
Beyond Meat cuts outlook and employees as sales and earnings disappoint
As higher prices and inflation lead consumers to trade down at the grocery store, CEO Ethan Brown said the company is focusing on reducing its operational expenses.
By Megan Poinski • Aug. 5, 2022 -
Justin Sullivan via Getty Images
Monster to debut first flavored malt beverage alcohol product
While known for energy drinks, the company entered booze earlier this year with the purchase of Canarchy. It currently has a “robust” pipeline to grow in the category, according to its co-CEO.
By Christopher Doering • Aug. 5, 2022 -
Courtesy of Firmenich
Firmenich and IFF open high-tech facilities to speed product development
The Switzerland-based company’s new plant in California strengthens its U.S. presence, while IFF’s culinary design center in Denmark is part of its Re-Imagine Protein Innovation Program.
By Megan Poinski • Aug. 4, 2022 -
Courtesy of Motif FoodWorks
Motif FoodWorks names new CEO
Michael Leonard, the company’s longtime chief technology officer, takes the helm immediately while former leader Jonathan McIntyre transitions to an advisory role.
By Megan Poinski • Aug. 4, 2022 -
Courtesy of Nissin Foods USA
Nissin sales jump 22% as premium ramen drives growth
Offerings such as limited-time flavors and rice-based meals have helped the Top Ramen and Cup Noodles maker maintain momentum.
By Chris Casey • Aug. 4, 2022 -
Christopher Doering/Food Dive
What 4 beer companies see in consumer drinking habits amid high inflation
Despite price increases and a jump in the cost of living, not all alcoholic beverage makers find shoppers switching from premium offerings to cheaper economy brands.
By Christopher Doering • Aug. 4, 2022 -
Permission granted by Bob's Red Mill
Bob’s Red Mill to halt DTC operations
After selling over the phone, via mail and through its website for years, the flour producer is focusing on wholesale.
By Caroline Jansen • Aug. 4, 2022 -
Retrieved from McCormick & Co..
Del Monte buys broth and stocks brand Kitchen Basics from McCormick
The purchase for an undisclosed amount will strengthen the company’s branded portfolio while complementing College Inn, its existing product in the category.
By Christopher Doering • Updated Aug. 4, 2022 -
Retrieved from Lifeway Foods.
Lifeway Foods agreement aims to soothe family feud
Key shareholders seeking the ouster of CEO Julie Smolyansky have dropped a push to nominate new board members after the kefir maker agreed to a strategic review.
By Samantha Oller • Aug. 2, 2022 -
Retrieved from Pilgrim's Pride on August 01, 2022
Pilgrim’s Pride plans fully cooked chicken plant in Southeast
The news comes after the company saw a 96% jump in revenues for its prepared offerings in the last quarter.
By Chris Casey • Aug. 1, 2022 -
Courtesy of Soylent
How Soylent is bringing plant-based meal replacement into the future
CEO Demir Vangelov says the company, whose successful evolution from a tech product to a nutritional supplement has invited acquisition rumors, doesn’t take itself too seriously.
By Megan Poinski • Aug. 1, 2022 -
Courtesy of Nestlé
ColumnLeftovers: Nescafé debuts in ice cream; Cinnamon Toast Crunch turns up the heat
The instant coffee brand flavors a new line of bars, and California Olive Ranch spreads out into pasta sauces.
By Samantha Oller • July 29, 2022 -
Courtesy of Hershey
Hershey warns capacity constraints will prevent it from meeting Halloween demand
The candy and snack giant said it is making “gradual improvement” on production issues that challenge its ramp-up ahead of the busy holiday season.
By Samantha Oller • Updated Aug. 2, 2022 -
jodie777 via Getty Images
ADM’s profit jumps 74% on higher grain prices and demand
CEO Juan Luciano said he is optimistic that Russia’s agreement to end its blockade on Ukrainian ports could open up supplies, but warned of the impact to global food markets if it does not follow through.
By Chris Casey • July 28, 2022 -
JacobVanHouten via Getty Images
Mondelēz confident Clif Bar will lead category comeback
Consumers’ return to mobility and the snack giant’s massive resources will put the bar maker on track for profitable growth, CEO Dirk Van de Put said.
By Samantha Oller • July 28, 2022
