Corporate Operations: Page 91
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Courtesy of BlueTriton Brands
Water bottler BlueTriton names former J&J, Procter & Gamble exec as CEO
Jorge Mesquita will oversee brands such as Poland Spring and Deer Park, which were purchased earlier this year from Nestlé for $4.3 billion.
By Lauren Manning • July 9, 2021 -
Retrieved from Molson Coors.
Molson Coors ending production of Coors Seltzer, Brewbound reports
The discontinuation of the product allows the beverage giant to focus its efforts in the category on more promising brands such Topo Chico Hard Seltzer and Vizzy.
By Christopher Doering • July 9, 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 -
Courtesy of Mars Wrigley
Chewing gum sales see post-pandemic bump
As mask-wearing mandates expired this spring, consumers in seek of fresher breath triggered a category revival after years of decline.
By Samantha Oller • July 8, 2021 -
Jack Taylor via Getty Images
Better Juice raises $8M to cut sugar in orange juice
The company's technology reduces the amount of the sweetener by up to 80% by converting fructose, glucose and sucrose into prebiotic dietary fibers and other non-digestible molecules.
By Lauren Manning • July 8, 2021 -
Courtesy of Beyond Meat
Beyond Chicken Tenders launch in foodservice
Beyond Meat's new offering, which is primarily made with fava bean protein, is available at hundreds of locations nationwide starting today.
By Megan Poinski • July 8, 2021 -
Courtesy of Kellogg
Researchers create snack prototypes that change the gut microbiome
Washington University is studying how various fibers interact with the body and how they are absorbed to determine which ones would have the greatest impact on human health.
By Christopher Doering • July 8, 2021 -
Courtesy of Aleph Farms
Aleph Farms closes $105M funding round to bring cell-based meat to market in 2022
The Israeli company, which has partnerships to produce cultured meat in several countries, will use the funds to scale manufacturing, expand its international presence and develop products and technology.
By Megan Poinski • July 7, 2021 -
Courtesy of Meati
Meati raises $50M for whole-cut meat alternatives
The Colorado company that uses mycelium to make analogs of steak, chicken and jerky will use the funds to complete its 80,000-square-foot plant as it eyes a 2022 launch for its products.
By Megan Poinski • July 7, 2021 -
Courtesy of Chobani
The road to Chobani's IPOChobani files confidentially for IPO
The New York-based food company has long been rumored to be interested in going public, but details of its potential offering were not disclosed.
By Megan Poinski , Christopher Doering • Updated July 7, 2021 -
Catherine Douglas Moran/Food Dive
Opinion3 metrics CPG startups should play to their advantage
As up-and-coming brands struggle to stand out in today’s competitive food and beverage landscape, here’s how they can demonstrate their value, writes Susan Dunn of NielsenIQ.
By Susan Dunn • July 6, 2021 -
Courtesy of Future Farm
Brazil's Future Farm launches its US expansion with the mission to democratize plant-based meat
The South American brand has spread to 23 countries since 2019, but plans to draw up to 65% of its sales from the U.S. market within a couple years, says U.S. CEO and former Red Bull exec Alexandre Ruberti.
By Megan Poinski • July 6, 2021 -
Permission granted by Tyson Foods
Tyson recall expands to nearly 9M pounds of ready-to-eat frozen chicken
The USDA updated poundage figures after receiving more information about the affected product, which has been linked to three cases of listeriosis.
By Christopher Doering • Updated July 9, 2021 -
Courtesy of Nestle
Nestlé invests $100M to expand operations at frozen foods factory in SC
The company will use the funds to increase production of popular brands like Lean Cuisine and Stouffer's as consumers continue to flock to frozen meals.
By Lauren Manning • July 2, 2021 -
Justin Sullivan via Getty Images
Dole targets $2.1B valuation in IPO
As it launched its pre-IPO roadshow this week, the company said it expects its IPO price to be between $20 and $23 per share.
By Megan Poinski • Updated July 22, 2021 -
Permission granted by Home Chef
Meal kit sales will sharply decelerate this year, report predicts
Coresight Research expects industry growth to slow from 70% in 2020 to roughly 18% in 2021 as pandemic-fueled interest wears off.
By Catherine Douglas Moran , Jeff Wells • July 2, 2021 -
Courtesy of The Hershey Co.
Hershey and Land O'Lakes partner to reduce dairy's environmental impact
The food CPGs are collaborating with a Chesapeake Bay nonprofit to cut greenhouse gas emissions and boost water quality around Pennsylvania farms supplying milk to the candy and snack giant.
By Samantha Oller • July 1, 2021 -
Scott Olson via Getty Images
How Hershey chocolate bar sales caught fire amid surge in s'mores consumption
Demand for the confectioner's 6-packs of chocolate bars, popular among consumers making the gooey treat, is expected to remain robust in 2021 after increasing more than $70 million last year.
By Christopher Doering • July 1, 2021 -
Courtesy of Soft Robotics
Tyson invests in AI-enabled robotics firm to boost worker productivity
The meat and poultry processor's venture capital arm took part in a $10 million funding round for Soft Robotics, a provider of technology for handling fragile and irregularly shaped items.
By Samantha Oller • June 30, 2021 -
Permission granted by Harmless Harvest
Danone buys majority stake in coconut products maker Harmless Harvest
The CPG giant, which first invested in the water, yogurt and smoothie manufacturer in 2017, didn't disclose how much it owns or the amount of money it spent to acquire a controlling share.
By Christopher Doering • June 30, 2021 -
Megan Poinski/Food Dive
Sabra snags former Seventh Generation CEO
Joey Bergstein has a reputation of being outspoken on progressive issues, potentially signaling a change in how the hummus company presents itself.
By Megan Poinski • June 30, 2021 -
Courtesy of General Mills
General Mills launches Good Measure snacks for consumers watching their blood sugar
The new line of low-sugar, low-carbohydrate bars, created by the company's Innovation Lab, are designed for diabetics and pre-diabetics — a category wide open for CPG snacks.
By Megan Poinski • June 29, 2021 -
Courtesy of Clif Bar
Clif launches clean label cereal line
The new breakfast offering is made with 30% to 40% less sugar than others in the space, with at least 7 grams of protein and fiber per serving.
By Lauren Manning • June 29, 2021 -
Courtesy of AB InBev
AB InBev names company veteran to head its Anheuser-Busch division
Brendan Whitworth succeeds Michel Doukeris, who is transitioning to the role of global CEO of the beer giant starting July 1.
By Christopher Doering • June 29, 2021 -
Courtesy of Mondelez
Mondelēz's Triscuit is the latest brand to embrace traceability
The snacking giant said the transparency pilot, which allows consumers to follow the journey of white-winter wheat from fields in Michigan to the bakery, is the first of its kind for the company.
By Christopher Doering • June 25, 2021 -
Courtesy of Hershey
ColumnLeftovers: Reese’s takes a chip off the old block; Kraft Heinz further cracks into breakfast-to-go
The Hershey candy favorite is adding crispy potato bits to get a salty/sweet combo, while Kashi launches no-sugar-added shredded wheat cereal with raisins.
By Food Dive staff • June 25, 2021
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