Corporate Operations: Page 102
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Permission granted by Pairwise
A pitless cherry? Pairwise uses CRISPR to change produce DNA
The two-year-old food startup is using the gene-editing technology to remove the bitterness from a nutrient-dense green and seeds from the outside of a blackberry.
By Christopher Doering • Sept. 10, 2020 -
Permission granted by NotCo
Plant-based NotCo gets $85M for US expansion
The Chile-based company uses technology to mimic dairy, meat and eggs, and hopes to extend its success in Latin America with products available by early 2021.
By Megan Poinski • Sept. 10, 2020 -
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 -
Courtesy of Molson Coors
Molson Coors launches nonalcoholic drinks in bid to expand beyond beer
The new products, which include a seltzer with added probiotics, is part of the company's goal to reach more consumers seeking better-for-you beverages.
By Christopher Doering • Sept. 10, 2020 -
Permission granted by goPuff
OpinionThe COVID-19 consumer: goPuff's 5 consumer trends to watch
Preferences are changing during the pandemic, and Daniel Folkman of goPuff analyzed purchase data to determine the most relevant insights.
By Daniel Folkman • Sept. 9, 2020 -
Permission granted by Partake Brewing
Partake Brewing taps $4M in funding to expand fast-growing nonalcoholic beer
The company, whose brews are sold in Total Wine & More and some Whole Foods outlets, is open to an investment or acquisition from a big beer company to expand its reach.
By Christopher Doering • Sept. 9, 2020 -
Nestlé invests $30M in Closed Loop fund to expand sustainable packaging use
The deal provides the Switzerland company with access to food-grade recycled plastics it can use for packaging in products such as Coffee Mate and Stouffer's.
By Jessi Devenyns • Sept. 9, 2020 -
Oatly faces boycott backlash for its investment from Blackstone
Complaints about the firm's CEO's donations to Trump and ties to companies linked to deforestation are starting to surface after the equity group was the lead investor buying a $200 million stake in the oat milk giant.
By Jessi Devenyns • Sept. 8, 2020 -
Courtesy of Beam Suntory
Beam Suntory buys cocktail company, hoping to lead RTD spirits
The spirits company has plans to expand the range of choices of premixed drinks consumers can enjoy.
By Jessi Devenyns • Sept. 8, 2020 -
Courtesy of AB InBev
AB InBev picks North America chief to take over as CEO as Carlos Brito departs
Michel Doukeris was touted for his expertise in innovation, building brands and consumer insight, which could help the brewing giant grow.
By Christopher Doering • Updated May 6, 2021 -
Permission granted by Tyson Foods
Tyson to pilot 7 medical clinics near meat plants
After the coronavirus spread at its facilities, the meat giant announced it is partnering with Marathon Health to operate the health centers, which will open early next year.
By Lillianna Byington • Sept. 4, 2020 -
Permission granted by Olam
Inside Olam's shift to enhance its ingredient innovation
Jill Houk, corporate research and development chef for its spices division, said the company is now doing more co-creating with its CPG customers.
By Lillianna Byington • Sept. 3, 2020 -
Bunge invests $22.8M in pea and canola protein maker Merit
The investment in the Canada-based upstart gives the agribusiness powerhouse a minority stake and will help accelerate its product launches.
By Jessi Devenyns • Sept. 3, 2020 -
Retrieved from Justin's on September 03, 2020
Nut butter maker Justin's expands into refrigerated bars
The Hormel brand is entering a fast-growing segment of the food space but will find itself going up against similar offerings from Kind and Perfect Snacks.
By Jessi Devenyns • Sept. 3, 2020 -
Permission granted by Califia Farms
Califia Farms names CPG veteran Dave Ritterbush as CEO
The former Quest Nutrition and Popchips chief executive takes over for Greg Steltenpohl, the plant-based company's founder, who is retiring.
By Lillianna Byington • Sept. 2, 2020 -
Courtesy of Sweet Earth
For Nestlé, the future of food is rooted in plants
The Switzerland-based company is investing heavily in its Sweet Earth brand and other plant-based offerings to grow in a segment populated by heavyweight competitors and nimble upstarts.
By Christopher Doering • Sept. 2, 2020 -
Courtesy of Chobani
Chobani gamifies Instagram Story in multichannel push for new yogurt
A TV spot, influencer tie-in and audio ads on Spotify and several podcasts round out the effort to introduce Chobani Complete this week.
By Robert Williams • Sept. 2, 2020 -
Permission granted by Indoggo
Snoop Dogg joins crowded celebrity gin space with Indoggo release
The alcohol sector has been popular with big-name investors such as Ryan Reynolds, Jay-Z, Post Malone and George Clooney.
By Christopher Doering • Sept. 2, 2020 -
Retrieved from Climax Foods on September 01, 2020
Climax Foods raises $7.5M to improve plant-based food using AI
The company, founded by the data science lead at Google and Impossible Foods, is starting its research with cheese as it looks to find a simpler and more affordable way to make alternatives.
By Jessi Devenyns • Sept. 1, 2020 -
Courtesy of Laird Superfood
Plant-based food maker Laird Superfood files for $40M IPO
The company, which counts Danone Manifesto Ventures as its largest shareholder, posted $11.1 million in sales during the first six months of 2020.
By Christopher Doering • Sept. 1, 2020 -
Permission granted by Ferrara
A look inside Keebler’s efforts to modernize a 167-year-old cookie brand
From better ingredients to improved packaging, owner Ferrero is making changes to update the brand it acquired in 2019 from Kellogg without alienating its core consumers.
By Christopher Doering • Sept. 1, 2020 -
Kellogg's Incogmeato challenges skeptics with Postmates sampling, animal influencers
A phased strategy playfully goads flexitarians to overcome their fears that plant-based meat won't taste good, and arrives as parent company Kellogg ramps up marketing in the second half of 2020.
By Natalie Black (Koltun) • Aug. 31, 2020 -
Nestlé buys peanut-allergy treatment maker in $2.6B deal
The acquisition of Aimmune Therapeutics would significantly boost the Swiss company's large health-science business focused predominantly on dietary management.
By Christopher Doering • Aug. 31, 2020 -
Deep Dive
Big CPGs struggle to gain market share during COVID-19 despite sales boost
IRI data shows while large manufacturers grabbed shelf space at the height of the pandemic, upstarts are taking advantage of out-of-stocks and demand for variety to win it back.
By Christopher Doering • Aug. 31, 2020 -
Retrieved from Snacks.com on May 12, 2020
OpinionAs food brands experiment with DTC, seamless customer service can't be overlooked
Brad Birnbaum at Kustomer said shipping to a person's home can create stronger relationships and brand loyalty, but companies need to do more to maintain that connection.
By Brad Birnbaum • Aug. 28, 2020 -
Coca-Cola to offer buyouts to 4,000 employees, with layoffs to follow
The beverage giant is streamlining its operations to avoid duplication, help with innovation and get products to market more quickly.
By Christopher Doering • Aug. 28, 2020
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