Corporate Operations: Page 90
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Megan Poinski/Food Dive
Utz builds out top ranks with 3 C-suite appointments
With the creation of a COO role and appointment of a new CFO and chief people officer, the snack maker continues a rapid makeover of its executive office while growing its portfolio through acquisitions.
By Christopher Doering • July 26, 2021 -
Courtesy of NotCo
Plant-based NotCo gets $235M for expansion
The funds bring the valuation of the Chilean company, which uses artificial intelligence to create realistic plant-based substitutes, to $1.5 billion.
By Megan Poinski • July 26, 2021 -
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 -
Adeline Kon and Christopher Doering/Food Dive
Deep DiveInside Hain Celestial's fight to regain its swagger
Once a disjointed collection of brands and close to having its stock delisted, the organic and natural products leader has cut money-losing products, prioritized innovation and improved its credibility with retailers.
By Christopher Doering • July 26, 2021 -
Courtesy of The Good Crisp Company
ColumnLeftovers: Feel-good cheese balls offer a functional snack; Dogfish Head gets into plant-based ice cream
The Good Crisp Company taps a clinically proven immune booster for its new offering, and Shrubbly adds some lift to vinegar-based beverages.
By Food Dive staff • July 23, 2021 -
Courtesy of Truly Hard Seltzer
Boston Beer overestimated demand for hard seltzer as once-hot category shows signs of slowing
CEO Dave Burwick told analysts there are too many brands that are the same and not enough shelf space, leading to the prediction that some will be discontinued.
By Christopher Doering • July 23, 2021 -
Permission granted by Nobell Foods
Plant-based cheese maker Nobell Foods raises $75M for expansion
The California-based company, which gets casein protein from bioengineered soybeans, is eyeing a late 2022 product launch.
By Megan Poinski • July 23, 2021 -
Courtesy of Tate & Lyle
Tate & Lyle works to meet 'extreme' surge in allulose demand
The British company that was the first to put the natural sweetener on the market is trying to increase capacity for the ingredient as need outpaces supply.
By Megan Poinski • July 22, 2021 -
Courtesy of PepsiCo
Frito-Lay bucks the trend of supply chain simplification
The snack brand is embracing complexity, which demands a supply chain that's primed for efficiency.
By Shefali Kapadia • July 22, 2021 -
Ben & Jerry's butts heads with Unilever over brand's presence in Israel
The clash speaks to the potential limits of marketing consumer brands around divisive social causes, particularly at a time when such issues are in the international spotlight.
By Peter Adams • July 21, 2021 -
Courtesy of Quinn
Snack maker Quinn secures $10M to fuel growth and innovation
The maker of popcorn and other offerings, which counts Hershey as an investor, has benefited from its focus on sustainability, transparency, traceability and the popularity of snacking.
By Christopher Doering • July 21, 2021 -
How will plant-based chicken impact traditional poultry?
The industry has been largely silent about threats the analogs may pose, with some poultry companies even dabbling in alternative products.
By Megan Poinski • July 21, 2021 -
Courtesy of Daring Foods
Deep DiveWhy chicken is taking over plant-based meat
With Beyond Meat and Impossible Foods entering the space and new options filling freezer cases, the potential for the poultry analog suddenly seems limitless.
By Megan Poinski • July 20, 2021 -
Retrieved from RXBar.
Kellogg's RX brand launches protein-rich cereals
The move into better-for-you cereal marks the latest in a series of extensions that has included kid snacks, nut butters and oats.
By Lauren Manning • July 20, 2021 -
Courtesy of Nature's Fynd
Nature's Fynd closes $350M investment round
The fermented protein company will use the funds to accelerate growth, with plans for a wide-scale 2022 product launch.
By Megan Poinski • July 19, 2021 -
Courtesy of Impossible Foods
Impossible Foods plans to debut chicken nuggets this fall
The plant-based company will introduce prototypes at a trade show this week, and told Bloomberg it is eyeing a launch in foodservice, then retail.
By Megan Poinski • July 16, 2021 -
Courtesy of Kraft Heinz
ColumnLeftovers: Kraft Macaroni & Cheese enters the ice cream aisle; Coors Light crafts a game-winning brew
The food company partners with Van Leeuwen to mix together two iconic comfort foods, and Johnsonville turns sausage into bacon-like strips.
By Food Dive Staff • July 16, 2021 -
Mark Wilson via Getty Images
Rising costs a top concern of food and beverage leaders, survey finds
A recent jump in commodity and delivery expenses ranked among the leading issues for industry executives, while healthier and plant-based options offer growth potential, according to a report by Mazars.
By Samantha Oller • July 15, 2021 -
Courtesy of Tate & Lyle
Tate & Lyle sells controlling stake of corn-based products arm to private equity
The British company will retain the division that makes alternative sweeteners, texturizers and soluble fibers, but still receive some of the proceeds from the commodity business that will be run by KPS Capital Partners.
By Megan Poinski • July 15, 2021 -
Scott Olson via Getty Images
Boston Beer and Beam Suntory launch Sauza Agave Cocktails
The beverages, created through a partnership to bring several of their products into the fastest-growing beverage alcohol segments, is the tequila brand's first RTD offering.
By Christopher Doering • Updated March 16, 2022 -
Matthew Stockman via Getty Images
JBS USA latest food maker to tie environmental performance goals to executive pay
The meat processor, while avoiding specifics on the commitment, joins other CPGs such as Unilever and Danone that have made similar pledges.
By Christopher Doering • July 15, 2021 -
Courtesy of Oatly
Oatly accused by short seller of overstating revenue and sustainability efforts
Spruce Point Capital's 124-page report says it believes the Swedish company will never be profitable and that its stock could be 70% overvalued.
By Christopher Doering , Megan Poinski • July 14, 2021 -
Courtesy of Future Meat Technologies
Nestlé works with Future Meat Technologies to explore cell-based meat's potential
The announcement stops short of disclosing any guarantees of product development between the two companies.
By Megan Poinski • July 14, 2021 -
Barry Brecheisen via Getty Images
PepsiCo says it's grabbing market share from Coca-Cola, smaller players
CFO Hugh Johnston told CNBC the beverage giant is seeing strong demand for classic brands like Pepsi and Tropicana and new offerings like Mtn Dew Rise Energy.
By Christopher Doering • July 13, 2021 -
Courtesy of Coca-Cola
Coca-Cola changes taste of Zero Sugar to be more like Coke
The flavor, which was achieved by tweaking the ingredient mix, also includes a new package design. The product will start hitting U.S. shelves this month.
By Christopher Doering • July 13, 2021 -
Courtesy of Smithfield Foods
Smithfield Foods names its second CEO in less than a year
Company veteran Shane Smith will assume the top role at the pork processor. He takes over immediately for Dennis Organ, who is stepping down for personal reasons.
By Christopher Doering • July 12, 2021
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