Corporate Operations: Page 67
-
Courtesy of Wells Enterprises
Ferrero to buy ice cream maker Wells Enterprises
The price and terms of the deal, which will give the Italy-based confectioner a large foothold in the frozen treats business, were not disclosed.
By Megan Poinski • Dec. 7, 2022 -
Courtesy of Impossible Foods
Motif FoodWorks continues to challenge Impossible Foods’ patents
After the European Patent Office revoked one of the plant-based meat maker’s patents, the food tech company objected to four others filed in the U.S.
By Megan Poinski • Dec. 7, 2022 -
Explore the Trendline➔
Getty Images
TrendlineHow GLP-1s are shaking up snacking
Food companies, including Danone and Nestlé, are adding more protein and changing portion sizes as weight loss medications reshape consumption patterns.
By Food Dive staff -
Courtesy of Kraft Heinz
Philadelphia Cream Cheese launches plant-based spread
The product, which is available at select retailers in the Southeastern U.S., is Kraft Heinz’s second non-dairy launch under one of its flagship brands in the last two months.
By Megan Poinski • Dec. 6, 2022 -
Courtesy of J.M. Smucker
J.M. Smucker to build R&D center for Uncrustables
The company’s planned 29,000-square-foot facility will be on the grounds of its headquarters in Ohio, and is slated to open in fall 2023.
By Megan Poinski • Dec. 6, 2022 -
Courtesy of The Hershey Company
ColumnLeftovers: Hershey bursts into Hot Chocolate Bombs; Premier Protein flips for pancakes
The confection and snacking giant is bringing its own spin to the wintertime drink, and Kraft Heinz hopes its Lunchables Holiday Packs will give parents the gift of more time to prepare presents.
By Food Dive Staff • Dec. 2, 2022 -
Catherine Douglas Moran/Food Dive
A taste of Food Dive’s best stories
From the struggles of plant-based meat to Kellogg’s proposed split, Food Dive writes about the news that moves the CPG industry.
By Food Dive Staff • Dec. 2, 2022 -
Courtesy of Do Good Food
Post’s Michael Foods to offer verified carbon reduced eggs in 2023
The company is partnering with supplier Do Good Foods, and will quantify the impact each foodservice buyer’s purchase had on climate change.
By Christopher Doering • Dec. 2, 2022 -
Tyson CFO pleads not guilty to criminal trespass, intoxication charges: reports
The company has drawn criticism from some corporate governance experts who felt it should have taken a more aggressive stance on the arrest of its newly minted financial chief.
By Elizabeth Flood • Dec. 1, 2022 -
Courtesy of Huel
Huel closes $24M investment round
Actor Idris Elba is among the backers for the British meal replacement company, which is now valued at $560 million.
By Megan Poinski • Dec. 1, 2022 -
Permission granted by Tyson Foods
Tyson managers fired for COVID-19 betting pool sue for incentive pay
The former supervisors at the plant in Waterloo, Iowa demand a total of $300,000, saying they deserve bonuses from when the facility met production targets.
By Chris Casey • Nov. 30, 2022 -
Courtesy of Perfect Day
Perfect Day expands its reach with gelatin company purchase
With the acquisition of India’s Sterling Biotech Limited, the animal-free dairy company doubles its manufacturing capacity and has a path to widen its precision fermentation portfolio.
By Megan Poinski • Nov. 30, 2022 -
Getty Images
McDonald’s sues meat companies for accusations of pork price-fixing
Smithfield, Tyson, JBS and Hormel are among the processors the fast food giant claims have worked together since 2008 to inflate the price of pork.
By Chris Casey • Nov. 29, 2022 -
Mario Tama via Getty Images
Biden and food industry groups call on Congress to prevent rail shutdown
The president said he’s been advised that “there is no path to resolve the dispute at the bargaining table” before the Dec. 9 deadline.
By Sarah Zimmerman , Chris Casey • Nov. 29, 2022 -
Courtesy of Freshly
Nestlé scales back meal delivery presence through Freshly deal
The CPG giant and private equity firm L Catterton are creating an entity bringing together the business it bought two years ago and Kettle Cuisine. Nestlé will retain a 41% stake in the partnership.
By Christopher Doering • Nov. 28, 2022 -
Permission granted by Unique Snacks
Once a ‘sleepy category,’ the pretzel grabs its fill of the $106B snacking space
Long mocked as an unloved staple of bars and airplanes, brands such as Hershey’s Dot’s have turned to bold flavors to attract snack-obsessed consumers.
By Christopher Doering • Nov. 28, 2022 -
Courtesy of Hain Celestial
Hain Celestial names seasoned CPG exec as new CEO
Wendy Davidson, who has experience at Glanbia, Kellogg and Tyson, will replace outgoing head Mark Schiller on Jan. 1. He will remain on the organic and natural food maker’s board.
By Christopher Doering • Nov. 28, 2022 -
Permission granted by Post Holdings
Post is on lookout for M&A deals, CEO says
Rob Vitale said the manufacturer of Peter Pan peanut butter and Pebbles cereal has a cash-rich balance sheet that could be beneficial as it considers whether to add to its portfolio.
By Christopher Doering • Nov. 23, 2022 -
Courtesy of Tyson Foods
Meat companies conspired to set wages low, lawsuit claims
The proposed class action case says red meat firms had secret meetings to keep employee pay and benefits the same, while pork processors used a service to get compensation information.
By Megan Poinski • Nov. 23, 2022 -
Scott Olson via Getty Images
Most food companies have weak or no water management programs, report says
After reviewing 114 businesses, Morningstar urged stakeholders involved with these firms to push for a more comprehensive approach to water use amid ongoing shortages.
By Chris Casey • Nov. 23, 2022 -
Sean Gallup via Getty Images
For food industry to reach climate goals, COP27 highlights areas of improvement
As companies work to improve sustainability goals, activist groups and world leaders call for more reductions in emissions and waste.
By Chris Casey • Nov. 22, 2022 -
Courtesy of Truss Beverage Co.
Molson Coors to exit CBD business venture in US, end La Colombe partnership
The beverage giant said uncertainty over federal legalization for cannabis and a desire by the coffee maker to combine product segments were behind the decisions.
By Christopher Doering • Nov. 22, 2022 -
Matthew Stockman via Getty Images
Cargill names insider as new CEO
COO Brian Sikes will become the 10th leader of the global protein and ingredients giant on Jan. 1. Current chief executive David MacLennen will transition to executive chairman.
By Megan Poinski • Nov. 21, 2022 -
Courtesy of Sabra
Hummus leader Sabra regaining swagger after ‘difficult’ move to halt production
Several months after temporarily shutting down its Virginia plant for repairs, CEO Joey Bergstein said the brand, co-owned by PepsiCo, is experiencing a sharp rebound in sales and recouping lost market share.
By Christopher Doering • Nov. 21, 2022 -
Courtesy of Beyond Meat
Deep DiveHow can plant-based meat get back to growth?
As business indicators have worsened, Beyond Meat and other companies in the space have tried new strategies — but analysts say they may have forgotten consumers along the way.
By Megan Poinski • Nov. 17, 2022 -
Courtesy of PepsiCo
PepsiCo brings Doritos into dip category
The new snacks, which come in Spicy Nacho and Cool Ranch Jalapeno varieties, are meant to be used with foods other than chips, including pizza, wings and veggies.
By Christopher Doering • Nov. 17, 2022
Previous
