Darigold names executives to drive its new ingredients business

The Pacific Northwest farmers' co-op, which decided to move into the space two years ago, will build a factory to manufacture these products.

By Jessi Devenyns • Aug. 27, 2020

Sovos Brands acquires better-for-you pancake brand Birch Benders

The deal will expand Sovos' portfolio in the breakfast category, which also currently includes Noosa yogurt. 

By Jessi Devenyns • Aug. 27, 2020

Explore the 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

Refrigerated bar maker Clio Snacks closes $8M funding round

The chocolate-wrapped Greek yogurt bar doubled its sales compared to last year and increased distribution points 57%. 

By Jessi Devenyns • Aug. 27, 2020

Good Karma buys its majority stake back from bankrupt Dean Foods

The plant-based milk brand also raised new capital in a funding round from Valor Siren Ventures and existing investor 2x Consumer Products Growth Partners. 

By Lillianna Byington • Aug. 25, 2020

Lightlife urges Impossible Foods and Beyond Meat to clean up their labels

In an ad in several newspapers, the 41-year-old company says its burger made with 11 easily recognized ingredients represents a future that is "cleaner, tastier, and nutritionally superior."

By Megan Poinski • Updated Aug. 26, 2020

How 3 Black-owned businesses created companies where CPG giants weren't looking

As protests across the country have led to a racial reckoning in the food space, this series features startups who have filled holes created by an industry long criticized for its lack of diversity. 

By Lillianna Byington • Aug. 24, 2020

'Just scraping by': Partake Foods' fight to fund its allergen-friendly cookie business

After emptying her savings to get the company off the ground, Denise Woodard finally landed big name investors, including Jay-Z's Marcy Venture Partners, and has substantially grown its retail presence. 

By Lillianna Byington • Aug. 24, 2020

Why A Dozen Cousins created 'soulfully seasoned beans'

Ibraheem Basir hopes his products like Cuban Black Beans and Trini Chickpea Curry will help make the natural foods space more accurately reflect the diversity in the U.S.

By Lillianna Byington • Aug. 24, 2020

Iya Foods founder leverages her Nigerian roots to tap into a new market

When CEO Toyin Kolawole noticed there wasn't adequate representation for African-inspired flavors on U.S. grocery shelves, she began pitching her products at trade shows and to buyers.

By Lillianna Byington • Aug. 24, 2020

Coca-Cola names company veteran to head its North American business

Alfredo Rivera, president of its Latin American group and a 23-year veteran of the beverage giant, replaces Jim Dinkins, who is retiring. 

By Christopher Doering • Aug. 24, 2020

Hostess and Flowers Foods reportedly interested in buying Otis Spunkmeyer owner

Aryzta, based in Switzerland, has been trying to turn things around for a few years. It recently hired investment firm Rothschild & Co. to review strategic options. 

By Jessi Devenyns • Aug. 24, 2020

Drizly raises $50M as e-commerce alcohol delivery surges

The company says it has grown more than 350% this year, while achieving sustained profitability during the pandemic.

By Christopher Doering • Aug. 21, 2020

A2 Milk's revenue jumps 91% in US

The New Zealand company attributed the increase in consumer demand to expanded distribution, new packaging and a national TV advertising campaign.

By Lillianna Byington • Aug. 21, 2020

Leftovers: Brach's cooks up Turkey Dinner Candy Corn; SuperPretzel brings arena treats to consumers' freezers

The sweet Thanksgiving in a bag has flavors representing six popular dishes at the traditional November feast, and Godiva thinks bigger by making its products small.

By Food Dive staff • Aug. 21, 2020

Glanbia acquires custom flavor designer Foodarom for $45M

The Canadian firm boasts a flavor library of more than 15,000 recipes with both liquid and powder applications. 

By Jessi Devenyns • Aug. 20, 2020

PepsiCo taps head of World Trade Organization for C-suite role

Roberto Azevedo will hold the newly created chief corporate affairs officer position, which brings the snack and beverage giant's public policy, government affairs and communications under one umbrella. 

By Christopher Doering • Aug. 20, 2020

Lever VC raises $23M to invest in early-stage alternative protein companies

The new fund, founded by early backers of Impossible Foods and Beyond Meat, plans to complete between 20 and 25 investments that range from $200,000 to $1 million.

By Jessi Devenyns • Aug. 20, 2020

Just is on track for profit and potential IPO, Reuters reports

CEO Josh Tetrick told the outlet that a bump in plant-based egg sales due to stay-at-home orders could turn a profit for the company next year.

By Megan Poinski • Aug. 20, 2020

Flavored-water maker Hint raises $25M in its latest funding round

The company looks to capitalize on the momentum it has established during the pandemic and use the funds to grow sales and distribution.

By Jessi Devenyns • Aug. 19, 2020

Food waste coalition launches with 14 manufacturers and retailers

The group, whose members include General Mills, Kellogg and Nestlé, targeted cutting global food loss per capita in half by 2025.

By Lillianna Byington • Aug. 19, 2020

Egg price gouging case against Cal-Maine dismissed in Texas

The egg producer's successful motion to dismiss the case cited both the state and U.S. Constitutions. It could be trouble for a similar lawsuit in New York.

By Megan Poinski • Aug. 19, 2020

From plant-based meats to pharmaceuticals, Dippin' Dots diversifies its use of cryogenics

While the company is best known for its flash-frozen ice cream, a push into new revenue streams has helped it financially as sales to theme parks and other venues dried up during the coronavirus.

By Christopher Doering • Aug. 18, 2020

Water brand Lemon Perfect raises $6.6M to expand

The funding, which came from traditional VC companies as well as a long lineup of NBA luminaries, will go toward growing distribution, increasing marketing and recruiting new talent.

By Jessi Devenyns • Aug. 18, 2020

PureCircle fined $575,000 for using prison labor for imported stevia

The sweetener producer denies wrongdoing, but the real question may be how this impacts Ingredion, which acquired a controlling stake in the company last month.

By Megan Poinski • Aug. 18, 2020

JBS to restart plans for US IPO

The world's top meat packer has tried to list its shares since at least 2015, but it has been dogged by scandals and corruption in Brazil, a meat recall and the coronavirus.

By Christopher Doering • Aug. 17, 2020