Corporate Operations: Page 144
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Organic cheerleaders optimistic as growth in popular category slows
Panelists at Expo East spoke about the segment that has posted a growth rate of 5.9% in 2018 compared to increases of 6.4% a year earlier and 12.2% in 2013.
By Christopher Doering • Sept. 13, 2019 -
Socati CEO wants to fill the 'void in the market' for CBD ingredients
In recent months, the company has launched new products, raised $40 million and acquired a manufacturing facility to scale its production.
By Lillianna Byington • Sept. 12, 2019 -
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 -
Magic Spoon gets $5.5M in seed funds to reinvent the cereal category
The money will be used to expand the direct-to-consumer business, hire more people, increase marketing and create new flavors.
By Megan Poinski • Sept. 12, 2019 -
StarKist hit with maximum $100M fine in tuna price-fixing case
In addition to the financial penalty, a federal judge in California put the company on 13 months of probation for conspiring to set U.S. prices.
By Cathy Siegner • Sept. 12, 2019 -
Innophos looking into options — including sale, report says
This appears to be a turn in strategy from the New Jersey-based maker of specialty ingredients, which was working toward growth through acquisitions two years ago.
By Cathy Siegner • Sept. 12, 2019 -
Kite Hill attracts $10M more to boost plant-based dairy products
The California-based maker of yogurt, cheese and dips sourced from almond milk plans to use this latest investment on innovation, infrastructure, people and marketing.
By Cathy Siegner • Sept. 11, 2019 -
Courtesy of New Culture Foods
Kraft Heinz's VC fund leads $3.5M round for animal-free dairy cheese maker
Sales continue to drop for the CPG giant, but emerging startup New Culture could help it tap into a new consumer base.
By Cathy Siegner • Sept. 11, 2019 -
Kind hires former Pepsi and Campbell Soup executive as CEO
Mike Barkley, who joined the snack maker last fall as president and COO, takes over for founder Daniel Lubetzky, who will become the company's executive chairman.
By Christopher Doering • Sept. 11, 2019 -
Deep Dive
Legacy veggie burgers fight to keep their sizzle in a Beyond Meat and Impossible Foods world
Conagra's Gardein, Kellogg's MorningStar Farms and Kraft Heinz's Boca have moved aggressively to keep pace as new products with a more meat-like taste and texture hit the market.
By Christopher Doering • Sept. 11, 2019 -
Blue Bunny ice cream maker Wells Enterprises to buy Halo Top
With this acquisition, Wells could get closer to surpassing Unilever as the top ice cream manufacturer in the U.S.
By Cathy Siegner • Sept. 10, 2019 -
Alkaline Water Company buys celebrity-backed AQUAHydrate
Mark Wahlberg and Sean Combs, both part owners of the brand, will retain some shares as part of the all-stock deal. The new firm will have more than $65 million in sales in FY 2020.
By Megan Poinski • Sept. 10, 2019 -
Dean Foods decides against a sale after strategic review
After seven months, the Board of Directors chose to continue independent operations under the leadership of Eric Beringause, appointed CEO in July.
By Lillianna Byington • Sept. 9, 2019 -
Conagra to establish snacking innovation center in Chicago
The company is expanding its current R&D facilities with a new 40,000 square-foot space that will open in the first quarter of 2020 and employ 50 people.
By Jessi Devenyns • Sept. 9, 2019 -
Tyson invests in plant-based shrimp maker New Wave Foods
The company's venture arm took a stake in the startup, which plans to introduce its product in food service early next year.
By Cathy Siegner • Sept. 6, 2019 -
Retrieved from Kroger on September 05, 2019
Kroger launches plant-based collection
The retailer's Simple Truth line will add products including meatless burger patties and grinds, plant-based cookie dough, pasta sauces and sausages.
By Krishna Thakker • Sept. 6, 2019 -
DuPont introduces powdered emulsifier for baked goods
The company said the product is economical, easy to use and can be used in dry pre-mixes — unlike the paste form such ingredients usually take.
By Cathy Siegner • Sept. 5, 2019 -
Barry Callebaut rolls out clean-label dark cocoa powder
The Swiss company introduced Bensdorp Natural Dark, which is processed without alkali and meant for bakery and pastry applications, beverages and ice cream.
By Cathy Siegner • Sept. 5, 2019 -
Retrieved from Nestle on July 30, 2019
Nestlé to cut 172 jobs by closing Indiana frozen food facility
This is the latest in 4,000 layoffs announced in May, as the company reorganizes and moves from direct-to-store delivery to a warehouse model.
By Jessi Devenyns • Sept. 5, 2019 -
Kellogg goes Incogmeato with MorningStar Farms plant-based meat launch
Along with new "bleeding" burgers, the brand will also release Chik'n tenders and nuggets, set to hit grocery stores in early 2020.
By Lillianna Byington • Sept. 5, 2019 -
Hormel grows into plant-based meat with its new Happy Little Plants brand
The first item to roll out is a plant-based substitute made with soy protein that can be used in any recipe calling for ground meat.
By Cathy Siegner • Sept. 5, 2019 -
Judge bars AB InBev from using 'no corn syrup' labels
MillerCoors filed the lawsuit in March to retaliate for an attack in Bud Light's Super Bowl ad campaign for using the ingredient in the brewing process.
By Jessi Devenyns • Sept. 5, 2019 -
Pilgrim's Pride reaches $29M deal in wage-fixing case
The settlement was made with workers who claimed the processor worked with other poultry companies to keep pay low, according to Law360.
By Cathy Siegner • Updated July 8, 2021 -
Boston Beer is eyeing the cannabis market, CEO says
While Dave Burwick expressed interest in the trendy ingredient, he noted the company won't wade into the category for some time as it focuses on its popular hard seltzer.
By Cathy Siegner • Sept. 4, 2019 -
Deep Dive
Venture capitalists feast on food in search of big profits
Investors have pumped millions of dollars into nascent companies tied to trends such as plant based and sustainability with the hope of striking it rich.
By Jessi Devenyns • Sept. 4, 2019 -
Constellation takes minority stake in Durham Distillery
By funding the North Carolina-based distiller, known for its gin and canned cocktails, the beverage company continues its recent investments in craft alcohol makers.
By Jessi Devenyns • Sept. 3, 2019
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