Corporate Operations: Page 100
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Courtesy of Mosa Meat
Mosa Meat raises $10M to scale cell-based meat
The investment closes the Dutch company's $85 million Series B round, which it says will help it scale up in order to bring slaughter-free hamburgers to European consumers in 2022.
By Megan Poinski • Feb. 23, 2021 -
Courtesy of Oatly
Oatly files for IPO
The Swedish plant-based company's filing is confidential, so no information is available yet on its proposed valuation or share price.
By Megan Poinski • Feb. 23, 2021 -
Explore the Trendline➔
Courtesy of Instacart
TrendlineTop 5 stories from Food Dive
The food and beverage industry is changing rapidly and the actions companies take this year are likely to play a major role in defining their future.
By Food Dive staff -
Courtesy of General Mills
Q&AGeneral Mills CMO shares outlook on purpose, e-commerce and data as pandemic boosts sales
Ivan Pollard dished on how the company is connecting the physical and digital worlds, while stepping up initiatives into social justice.
By Peter Adams • Feb. 22, 2021 -
Report: Frozen foods heat up as pandemic drives sales growth
Category sales hit $65.1 billion in the U.S. last year, according to figures from the American Frozen Food Institute and the Food Industry Association.
By Rosie Bradbury • Feb. 22, 2021 -
Coca-Cola nears deal to buy majority stake in BodyArmor that values brand at $8B, Bloomberg reports
The soda giant first invested in the premium performance and hydration beverage, which generates more than $1 billion in retail sales, in 2018.
By Christopher Doering • Updated Oct. 29, 2021 -
Courtesy of Follow Your Heart
Danone acquires plant-based pioneer Follow Your Heart
The maker of market-leading dairy-free cheeses, Vegenaise and a powdered vegan egg substitute will help the French company reach its goal of $5.7 billion in segment sales by 2025. Financial terms of the deal were not disclosed.
By Megan Poinski • Feb. 19, 2021 -
Courtesy of The Laughing Cow
ColumnLeftovers: The Laughing Cow debuts hybrid Blends; One Bar Fruity Cereal adds protein to a Saturday morning favorite
The new line is Bel Group's latest effort in products that include dairy and plants, and Jeni's takes its biggest savory step yet with a variety more suited to a deli than an ice cream parlor.
By Food Dive staff • Feb. 19, 2021 -
Courtesy of International Flavors & Fragrances
IFF reaches $1.3B agreement to sell microbial control business
The sale to Lanxess is the second major planned divestment since the ingredients giant merged with the former DuPont Nutrition & Biosciences division in February.
By Megan Poinski • Updated Aug. 26, 2021 -
Courtesy of Kalsec
Kalsec takes an all-natural approach to food trends
The family-owned producer of colors and ingredients has tapped into growing demand for plant-based and sustainable offerings.
By Christopher Doering • Feb. 18, 2021 -
Mondelez to invest in ventures tackling ESG issues
The company's CEO said the Sustainable Futures platform is its first foray into "impact investing" and gives the Oreo maker an opportunity to support environmental and social projects.
By Christopher Doering • Feb. 18, 2021 -
Dole merger with Europe's Total Produce to create global produce giant
The new business, with combined 2020 revenue of about $9.7 billion, would be the world's largest fresh produce company and have a presence in everything from bananas to avocados.
By Christopher Doering • Feb. 18, 2021 -
Courtesy of BlueTriton Brands
Nestlé's North American bottled water business renamed BlueTriton Brands after $4.3B sale
Private equity firm One Rock Capital Partners completed the acquisition and named Dean Metropoulos as chair and interim CEO on March 31.
By Christopher Doering • Updated April 7, 2021 -
Retrieved from Constellation Brands.
AB InBev files lawsuit against Constellation over use of Corona brand name
The alcohol giant said a 2013 agreement between the two companies only allows Constellation to use the brand name in the U.S. when it comes to beer.
By Christopher Doering • Feb. 17, 2021 -
Courtesy of Hershey
Hershey's 'big bet' on better-for-you confections
Producing more low- or no-sugar, organic and bite-size offerings could generate up to $1 billion in additional revenue for the iconic maker of Kisses and Reese's, a top executive said.
By Christopher Doering • Feb. 17, 2021 -
Courtesy of Nature's Fynd
Nature's Fynd launches fermented cream cheese and sausage online
The products, which sold out in hours, are a taste of what the company says it plans to roll out later this year.
By Megan Poinski • Feb. 16, 2021 -
Courtesy of Post Consumer Brands
Grape-Nuts shortage will be over in mid-March, Post says
The cereal brand struggled to stay on shelves as higher consumer demand during the pandemic challenged the company's supply chain.
By Barbara Smith • Feb. 16, 2021 -
Courtesy of General Mills
Nature Valley makes recyclable wrappers for granola bars
The General Mills brand did not patent the packaging technology and welcomes other snack manufacturers to adapt it to their products.
By Megan Poinski • Feb. 16, 2021 -
Courtesy of PepsiCo
PepsiCo CFO: 'The world is permanently shifted'
Hugh Johnston credited the company's successful fourth quarter to its commitment to understanding its new, evolving environment.
By Jane Thier • Feb. 15, 2021 -
Retrieved from Rule Breaker Snacks.
Grupo Bimbo takes minority stake in allergy-friendly snacks maker
The baking giant's venture capital arm, Bimbo Ventures, is investing an undisclosed amount in sweets maker Rule Breaker Snacks.
By Christopher Doering • Feb. 12, 2021 -
Ball, Molson Coors increase production and sourcing to combat aluminum can shortage
Ball Corporation anticipates "demand continuing to outstrip supply well into 2023," President Daniel Fisher said.
By A.B. Brown • Feb. 12, 2021 -
Permission granted by Coca-Cola
ColumnLeftovers: Topo Chico twists on the tangerine; Tillamook shows vintage cheese is in
The new fruit flavor is the latest bit of citrus to be added to the Coca-Cola-owned sparkling water brand, and SweetPea has a scoop: Chickpeas can make ice cream.
By Food Dive staff • Feb. 12, 2021 -
Courtesy of International Flavors & Fragrances
IFF gives activist investor seat on board
The ingredient company's agreement with Sachem Head Capital Management would give managing partner Scott Ferguson a 14th seat on its board.
By Megan Poinski • Updated March 8, 2021 -
Permission granted by Coca-Cola
Coke plans data-driven, 'always-on' experiential campaigns as sales dip
The company is looking to drive "greater efficiency across the marketing spend portfolio" and announced plans for Sprite's first global campaign.
By Robert Williams • Feb. 11, 2021 -
Permission granted by Ferrara
Why Ferrara says a socially distanced Valentine's Day is still sweet
While candy has always been important to the holiday, the top manufacturer of non-chocolate seasonal candy is using innovation and lessons from a year of lockdowns to help consumers share the love.
By Megan Poinski • Feb. 11, 2021 -
Courtesy of LIVEKINDLY
Puris partners with Livekindly to accelerate plant-based adoption
The goal of the joint ventures is to bring plant-based crops to other parts of the world while reducing waste when these commodities are turned into food.
By Christopher Doering • Feb. 11, 2021
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