Corporate Operations: Page 157
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A.T. Kearney bullish on M&A in CPG, retail spaces in 2019
A survey of more than 100 C-level executives found 88% expected deal-making to be "equal or better than 2018 levels" due partly to falling asset prices and a search for growth.
By Christopher Doering • April 2, 2019 -
PepsiCo taps company veteran as CEO for North American foods
Steven Williams, senior vice president and CCO for Frito-Lay's U.S. operations, will replace Vivek Sankaran, who will be Albertsons' president and CEO.
By Cathy Siegner • April 1, 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 -
Kellogg sells Keebler and Famous Amos to Ferrero for $1.3B
The private company, which just announced that the deal closed, has been aggressively expanding into the U.S. in recent years.
By Christopher Doering • Updated July 29, 2019 -
Report: Mondelez close to buying Arnott's for $2.5B
The international snacking giant outlasted Ferrero and private equity for the Campbell Soup-owned brands, according to an Australian news source.
By Jessi Devenyns • April 1, 2019 -
What does the launch of Coca-Cola Energy mean for its deal with Monster?
The beverage giant will start selling its new branded drink in Spain and Hungary, which could mean its 16.7% stake in the energy drink company may be on the rocks.
By Cathy Siegner • March 29, 2019 -
Column
Leftovers: Beers for Ruth Bader Ginsburg, Hidden Valley Ranch blasts into dip
Boston Beer has created a Sam Adams brew that should do the U.S. Supreme Court's feminist icon justice, and a candy company works to get flatulence in kids' Easter baskets.
By Food Dive staff • March 29, 2019 -
Sunflower flour shines with $750K funding round from Barilla and others
Planetarians upcycles what's left over from oil production into a high-protein, high-fiber ingredient with three times the protein and twice the fiber of the kind ground from wheat.
By Cathy Siegner • March 28, 2019 -
New tomato varieties turn to the skies to meet consumer demands
A Cornell University professor spent 15 years creating small varieties focusing on flavor, shelf life and looks with names like Starlight and Midnight Pear.
By Christopher Doering • March 28, 2019 -
Dry pasta competition increases even as US sales slip
The category has struggled as consumers shun carbohydrates while embracing alternative varieties made from vegetables and even seaweed.
By Cathy Siegner • March 28, 2019 -
Another drink company finds stevia too bitter
Petal, a fizzy botanical beverage made with rose water, decided to remove the natural sweetener and replace it with agave after consumer criticism.
By Lillianna Byington • March 28, 2019 -
Mars discloses cocoa suppliers in step toward transparency
This supports the company's Cocoa for Generations plan, which has the aim of attaining a deforestation-free supply chain by 2025.
By Emma Cosgrove • March 28, 2019 -
Mint holds promise for new food and beverage applications
The herb is showing growth as a botanical ingredient in foods and beverages, particularly in combination with chocolate, floral or citrus flavors.
By Cathy Siegner • March 28, 2019 -
Frozen plant-based meal maker Alpha Foods raises $7M
The company plans to significantly expand its retail reach beyond Walmart, Kroger and Publix, where it is already well-established, and move into refrigerated food products later this year and in early 2020.
By Cathy Siegner • March 27, 2019 -
Opinion
Standardized date label legislation is a crucial step in addressing food waste
During a time filled with partisan debate, master of public health candidate Maya Sandalow writes that both sides of the aisle already agree upon one thing: perfectly good food should not be thrown out while millions go hungry.
By Maya Sandalow • March 27, 2019 -
PieShell food and beverage crowdfunding platform shutting down
Founder and CEO Cheryl Clements said she hasn't been able to find a lead investor to take the site into its next $1 million financing round.
By Cathy Siegner • March 27, 2019 -
Chocolate or peanut butter? New Reese's cups let consumers choose their favorite
The limited-time release, which asks consumers to pick the candy containing more of one of these popular ingredients, will be available nationwide beginning in mid-April.
By Lillianna Byington • March 26, 2019 -
Ferrero, Hostess submit final bids for Kellogg's cookies, report says
This $1.5 billion deal marks a sharp decline in valuation of Keebler, which was acquired in 2000 for $3.86 billion.
By Jessi Devenyns • March 26, 2019 -
Deep Dive
Alternative proteins could become a food staple for more US consumers
From plant based to insects, a growing number of people are turning to products that are less taxing on the environment as the world's population increases.
By Jessi Devenyns • March 26, 2019 -
Deep Dive
FreshDirect fights back
CEO David McInerney said the e-grocer is "turning up the throttle" at its new fulfillment center as it battles for customers and pushes into new markets.
By Krishna Thakker • March 25, 2019 -
Nilla Wafers taps social video campaign to boost awareness
As brands innovate to compete with emerging private-label options, companies like Mondelez are revamping their digital marketing strategies to better reach consumers.
By Robert Williams • March 25, 2019 -
Mondelez partners with food business incubator The Hatchery
The CPG giant plans to coordinate educational opportunities and mentor entrepreneurs active in Chicago's food and drink scene.
By Cathy Siegner • March 25, 2019 -
Impossible Burger boasts much smaller carbon footprint than beef
A report released by the company found its plant-based burger uses less land and water and emits fewer greenhouse gases than its conventional counterpart.
By Cathy Siegner • March 22, 2019 -
MillerCoors sues AB InBev over misleading claims in Bud Light Super Bowl spot
The beer giant says the ad is deceptive and intended to "frighten" consumers, many of whom don't understand the distinction between corn syrup and high fructose corn syrup.
By Erica Sweeney • March 22, 2019 -
Column
Leftovers: Sun-Maid makes sweet raisins sour; Tyson's pizza chicken nuggets hit shelves
The growers' co-op is raisin the stakes with trendy innovation, and a bone broth joins the expanding list of keto diet foods.
By Food Dive staff • March 22, 2019 -
Deep Dive
How companies respond when consumers blame ingredients for making them ill
Shoppers have wanted more transparency about the food and drinks they buy, demanding additional testing to ensure the safety of products.
By Lillianna Byington • March 21, 2019
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