Diageo takes majority stake in nonalcoholic spirits brand Seedlip

The alcohol giant initially invested in Seedlip in 2016, which marked its first stake in a teetotaling brand of distilled spirits.

By Cathy Siegner • Aug. 8, 2019

Chapul exits insect protein bars after co-packer goes out of business

While the Utah company didn't rule out a return to the space, it will now turn its attention to raising fly larvae for fish and poultry feed.

By Cathy Siegner • Aug. 8, 2019

Explore the 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

Dean Foods stock down more than 30% in a day as earnings continue to drop

The beleaguered milk processor blamed some of its $64.5 million net loss in Q2 on a consumer shift to more water products and plant-based beverages.

By Cathy Siegner • Aug. 7, 2019

Post Holdings invests in demand planning to cut costs

Several brands within its portfolio share similar supply chain attributes — like sourcing and processing — that haven't been combined, creating the potential for significant savings. 

By Emma Cosgrove • Aug. 7, 2019

Kellogg to lay off 108 employees in Atlanta plant shutdown

"While this decision is the right thing to do for our business, it is never an easy decision to make when people are impacted," spokesperson Kris Bahner told Food Dive. 

By Lillianna Byington • Aug. 6, 2019

Tyson's plant-based nuggets to launch in 4,000 stores next month

"This kind of quick start demonstrates the capabilities and scale and national reach" of the company, CEO Noel White said on an earnings call.

By Cathy Siegner • Aug. 6, 2019

Pernod Ricard gets bigger with TX premium whiskey

This deal comes on the heels of the French spirits giant acquiring Rabbit Hole Whiskey in June as it looks to bring brands into its portfolio with “unique and comprehensive value propositions."

By Jessi Devenyns • Aug. 6, 2019

Hostess sells Superior Cake to Sara Lee for $65M

The divestiture comes just three years after the Twinkies maker acquired the in-store bakery company for $51 million.

By Anastassia Gliadkovskaya • Aug. 5, 2019

Climate change threatens production of non-dairy ice cream

An increase in tropical storms poses a risk to the coconut supply from Southeast Asia, forcing some manufacturers to look for substitutes such as tofu and lab-made milk.

By Cathy Siegner • Aug. 5, 2019

Tomato harvesting robot grows $1.5M in seed funding

Israeli startup MetoMotion plans to use the investment to bring its first product to market and offer vegetable farmers a solution to today's labor shortage.

By Cathy Siegner • Aug. 2, 2019

Leftovers: French's scoops mustard-flavored ice cream; Baby Shark comes to breakfast bowls

McCormick & Co. and Coolhaus are partnering on a bright yellow frozen dessert based on the condiment, and fall is coming even earlier this year with the launch of Pumpkin Spice Latte creamers. 

By Food Dive staff • Aug. 2, 2019

Why Tyson is developing the functional snack Pact

The protein giant has been looking elsewhere to continue its growth, and this new brand will be full of health-minded consumers' favorite ingredients. 

By Jessi Devenyns • Aug. 2, 2019

Impossible Burgers are coming to grocery shelves in September

The plant-based burger maker announced a large co-packing agreement with OSI Group and received FDA approval for the soy-derived "bleeding" ingredient to be used as a colorant.

By Jessi Devenyns • Aug. 1, 2019

Survey: 1 in 5 US adults fear their diet could kill them

The nationwide study by Spoon Guru revealed 40% of American consumers worry they will develop serious illnesses because of unhealthy eating.

By Cathy Siegner • Aug. 1, 2019

Manischewitz to sell its kosher food business to Kayco

After a number of ownership changes during its long history, the well-known manufacturer of Jewish foods is being acquired by one of the largest kosher food distributors. 

By Cathy Siegner • Aug. 1, 2019

Molson Coors CEO retires as US sales continue to slide

Mark Hunter's departure comes as the alcohol giant struggles to premiumize and modernize its portfolio and move beyond beer with nonalcoholic cannabis-infused beverages.

By Megan Poinski • Aug. 1, 2019

Caffeinated bar maker Verb Energy raises $3.5M to expand

The company plans to use the funding to hire more staff, develop additional energy products and grow its text-message-based subscription program.

By Cathy Siegner • July 31, 2019

Rising aluminum costs hit Heineken

It has been an issue for beer makers for several quarters, but other companies' troubles come from a different source.

By Emma Cosgrove • July 31, 2019

Report: Nestlé, Danone and Yili are the world's most valuable food brands

Performance, business strategy, acquisitions and product quality kept these companies at the top of Brand Finance's annual rankings.

By Cathy Siegner • July 31, 2019

Beyond Meat's restaurant and foodservice revenue skyrockets 486%

The division raked in $53.8 million in the first half of the year, driving half of the plant-based company's revenue just three months after its IPO. 

By Emma Liem Beckett • July 30, 2019

Pabst Blue Ribbon tests hard coffee in 5 states

The new product, which has a 5% ABV and is made from coffee and fermented malted barley, is being sold in Florida, Georgia, Maine, New Jersey and Pennsylvania.

By Cathy Siegner • July 29, 2019

PepsiCo takes 26% stake in Chinese natural food firm

The beverage giant is buying a minority share in Natural Food International Holding for $131 million, which is part of a larger growth strategy in China.

By Cathy Siegner • July 29, 2019

Dean Foods replaces CEO with Eric Beringause amid continued struggles

Ralph Scozzafava is stepping down from the top spot after two years in the role and his successor is tasked with turning around the company.

By Lillianna Byington • July 29, 2019

Coca-Cola and PepsiCo exit plastic lobbying group amid environmental concerns

The two soft drink giants have great influence within the industry and the move may encourage other companies to follow suit.

By Jessi Devenyns • July 26, 2019

Leftovers: Cheez-It pairs up with House Wine; Tyson turns its chicken into chips

The Any'tizers Chicken Chips come in BBQ, Ranch, and Cheddar & Sour Cream flavors, and Kellogg is throwing itself a party with a limited-edition Froot Loops Birthday Cake variety.

By Food Dive staff • July 26, 2019