Corporate Operations
-
Courtesy of Boston Beer
Boston Beer moves into cannabis-infused iced teas
Each can of TeaPot contains five milligrams of THC and will be available in some Canadian provinces in July.
By Christopher Doering • May 24, 2022 -
Christopher Doering
Coca-Cola to discontinue its Honest teas line in late 2022
The company plans to continue producing the "quickly growing" Honest Kids juice offering while prioritizing the expansion of its Gold Peak and Peace Tea brands.
By Christopher Doering • May 24, 2022 -
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 -
Stockah via Getty Images
Deep DiveWhat's standing in the way of a circular food packaging economy?
As CPGs test new bottle and wrapper prototypes and set goals to cut virgin plastic use, critics warn roadblocks could trip up their progress.
By Chris Casey • May 24, 2022 -
Scott Olson via Getty Images
Hershey adds distribution centers to boost capacity ahead of Halloween
Three new facilities will help the chocolate maker meet demand it hasn't been able to fulfill.
By Alejandra Salgado • May 23, 2022 -
Jovanmandic via Getty Images
Consumers wrestle with shortages, sticker shock in the grocery aisle
The combination of hard-to-find food items and higher prices is opening a window of opportunity for private label brands, according to Morning Consult research.
By Chris Casey • May 20, 2022 -
Permission granted by Evo Foods
Ginkgo Bioworks partners with Evo Foods on animal-free eggs
The U.S. biotech company will offer its scientific expertise in precision fermentation to help the Indian plant-based CPG create an ingredient to use in its products.
By Megan Poinski • May 19, 2022 -
Courtesy of Benson Hill
Cargill to build soybean processing facility to meet rising oilseed demand
The company plans to break ground on the plant early next year and expects it to be operational in 2026. Once completed, the new structure will create about 45 full-time positions.
By Christopher Doering • May 19, 2022 -
Permission granted by Dippin' Dots
Dippin' Dots to be acquired by Icee owner J&J Snack Foods for $222M
The snack maker said the purchase will complement its existing frozen business and leverage its expertise to grow the ice cream brand and enter new markets.
By Christopher Doering • May 19, 2022 -
Courtesy of Nestle
Nestlé's Hot Pockets brand enters portable sandwich market
The Deliwich is designed to be taken on-the-go frozen and ready to eat by lunchtime. It will compete against offerings like J.M. Smucker's Uncrustables.
By Christopher Doering • May 18, 2022 -
Courtesy of Molson Coors
Beer giant Molson Coors taps into plant-based milk
Golden Wing is part of the company's goal to reach $1 billion in revenue by 2023 from its emerging growth division launched three years ago.
By Christopher Doering • May 17, 2022 -
Courtesy of Eat Just
ADM partners with Eat Just on cell-based meat growth medium and product development
This is the ingredient powerhouse's first agreement in the cultivated meat space, and the company says it fits in with its strategic focus on alternative proteins.
By Megan Poinski • May 17, 2022 -
Catherine Douglas Moran/Food Dive
Meat processors used 'baseless' claims of shortages to keep plants open during COVID-19: report
A congressional investigation said Tyson and others influenced a Trump order to ensure facilities would continue operating despite local and state health measures.
By Christopher Doering • Updated May 17, 2022 -
Spencer Platt via Getty Images
Consumers 'laser-focused' on discounts as food prices hit four-decade high
Shoppers are actively trading down as the cost of meat, eggs, butter and other staples soar, according to an analyst.
By Chris Casey • May 13, 2022 -
Permission granted by Brightseed
Brightseed raises $68M to accelerate artificial intelligence work
The creator of Forager AI, which maps the health impact of plant-based compounds, plans to use the funding to launch its first FDA-GRAS ingredient.
By Christopher Doering • May 12, 2022 -
Courtesy of Beyond Meat
Beyond Meat shares drop as jerky costs drive $100.5M loss
President and CEO Ethan Brown said the internal costs the company incurred will pay off in the long run, but analysts seem to be skeptical of the strategy.
By Megan Poinski • May 12, 2022 -
Nitram242. (2017). "Tootsie Roll Power Plant" [Photograph]. Retrieved from Flickr.
Tootsie Roll could pause production lines due to delayed supplier deliveries
Ingredients and packaging suppliers have failed to meet promised delivery dates due to rail and truck constraints, the candy manufacturer said.
By Alejandra Salgado • May 11, 2022 -
Justin Sullivan via Getty Images
General Mills to buy frozen pizza crust maker to boost away-from-home business
The purchase of TNT Crust for an undisclosed amount will add to the fold a fast-growing company while increasing the CPG's exposure to the popular meal offering.
By Christopher Doering • May 11, 2022 -
TreeHouse Foods: Inflation is a boon to private label demand
The maker of store-branded products said its offerings are making inroads across multiple retail channels and among consumers in all earnings brackets.
By Christopher Doering • May 10, 2022 -
Permission granted by Tyson Foods
Tyson's sales climb to $13B as meat industry profits are scrutinized
The meat and poultry giant's CEO said the financial increases are par for the course as inflation rages.
By Chris Casey • May 10, 2022 -
Preston Keres. (2018). "20180321-OC-PJK-7623_TONED" [photograph]. Retrieved from U.S. Department of Agriculture.
Avian influenza impacts 37.5M birds in commercial and backyard flocks
While the outbreak seems to be hitting more egg laying operations, bigger companies say they are not yet drastically affected.
By Megan Poinski • May 10, 2022 -
Thai Phi Le/Food Dive
Kellogg aims for cereal market share recovery after strikes, supply woes
The company, which saw a 10% year-over-year decline in net cereal sales in the first quarter, said it has a plan to buoy growth in the second half of the year.
By Chris Casey • May 9, 2022 -
Courtesy of Kraft Heinz
Why Kraft Heinz is making Macaroni & Cheese ice cream and Grey Poupon wine
The launches are part of an effort to build relevance for iconic brands in a way that aims to combine whimsy and consumer interest into items that attract both social media attention and sales.
By Megan Poinski • May 9, 2022 -
Dan Kitwood via Getty Images
Tate & Lyle buys chickpea ingredients company Nutriati
The acquisition comes six months after the ingredients giant agreed to distribute the upstart's offerings used in non-dairy, plant-based meat and gluten-free products.
By Christopher Doering • May 5, 2022 -
Permission granted by Whole Earth Brands
Whole Earth Brands carves out its sweet spot in alternative sweeteners
The company's portfolio of products like Wholesome and Equal are designed to give consumers more choice and position it to grab a bigger slice of the $100 billion market dominated by sugar.
By Christopher Doering • May 5, 2022 -
Retrieved from Conagra Brands.
Conagra names McDonald's exec to head grocery and snacks business
Lucy Brady will take over as president starting June 15 and focus on keeping the CPG's brands relevant amid evolving consumer demands and trends.
By Christopher Doering • Updated May 6, 2022
