Corporate Operations: Page 104
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Pilgrim's Pride pleads guilty to price fixing with DOJ and agrees to pay $108M fine
The chicken processor is the first company sentenced that admitted wrongdoing as part of the Justice Department's investigation, and should end the government's investigation into the firm.
By Lillianna Byington • Updated Feb. 24, 2021 -
Courtesy of Outstanding Foods
Outstanding Foods raises $10M as plant-based snacking grows
With its latest investment round, the company aims to overhaul the category with offerings that provide nutrition without sacrificing taste.
By Jessi Devenyns • Jan. 11, 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 -
Megan Poinski/Food Dive
Utz to acquire Vitner's snack brand for $25M
The purchase of the popular Chicago snack food company and its 55 DSD distribution routes will increase the rapidly growing company's reach in the Midwest.
By Lillianna Byington • Jan. 11, 2021 -
Courtesy of Ben & Jerry's
Ben & Jerry's calls for Trump ouster as more brands condemn Capitol riots
With more companies criticizing Wednesday's chaos, the ice cream brand's endorsement of removing the president from office stands out.
By Peter Adams • Jan. 8, 2021 -
Permission granted by Partake Foods
Allergy-friendly cookie company Partake Foods gets $4.8M to fuel expansion
With the influx of funds, the brand is on its way to doubling its number of retail outlets by the end of the quarter as demand for free-from products grows.
By Jessi Devenyns , Megan Poinski • Jan. 8, 2021 -
Courtesy of International Delight
ColumnLeftovers: International Delight travels to the Stone Age; Hidden Valley Ranch goes plant-based
Post Holdings, the maker of Fruity Pebbles and Cocoa Pebbles, is infusing its cereals into coffee creamers, and New Orleans businesses are bottling Mardi Gras.
By Food Dive staff • Jan. 8, 2021 -
Smithfield Foods prepares to vaccinate its workers
Although circumstances vary by state and the timeframes are not yet firm, the company is anticipating COVID-19 vaccine availability and distribution for critical employees within 60 days.
By Lillianna Byington • Jan. 8, 2021 -
Permission granted by EverGrain
EverGrain upcycles AB InBev's barley waste into plant-based protein
The company, started by the brewer's former head of sustainability, creates two unique ingredients from the waste, which adds up to millions of tons a year.
By Megan Poinski • Jan. 7, 2021 -
Impossible Foods CFO leaves to become president of AppHarvest
David Lee will join the developer and operator of large greenhouse farms to lead strategy as the company prepares to become publicly traded.
By Christopher Doering • Jan. 7, 2021 -
Getty Images
Coronavirus to weigh on Coke, Conagra and other CPGs in 2021, analysts say
The closure of away-from-home venues will impact the soda giant and competitor PepsiCo, while some food makers will struggle as consumers return to pre-pandemic meal preparation habits.
By Jessi Devenyns • Jan. 6, 2021 -
Impossible Foods slashes prices to foodservice distributors 15%
This is the second price cut in the last 12 months, and underscores the plant-based company's strategy to use both restaurants and stores to grab market share from traditional meat.
By Megan Poinski • Jan. 6, 2021 -
Courtesy of Tyson Foods
Tyson Foods brings plant-based meats to its Jimmy Dean brand
The new breakfast sandwiches are the first faux meat offering from an existing brand at the Arkansas-based company, which entered the space two years ago.
By Christopher Doering • Jan. 6, 2021 -
Courtesy of Hu
Mondelez buys premium chocolate and snack maker Hu for undisclosed amount
The snacking giant, which took a minority stake in the brand nearly two years ago, has been bulking up its portfolio through deals with brands focused on simpler ingredients.
By Christopher Doering • Jan. 5, 2021 -
Permission granted by Fitvine
FitVine aims to upend 'stuffy' wine dominated by big players with better-for-you offering
The company's low-sugar drinks have made the California startup one of the fastest-growing alcohol brands and the top-growing wine label in the U.S.
By Christopher Doering • Jan. 5, 2021 -
Retrieved from USDA photo by Preston Keres via Flikr.
Tyson Foods not protected by executive order keeping plants open, judge rules
The federal court is sending an Iowa lawsuit about a worker's death back to the state level after rejecting the company's claim it was acting at the direction of the federal government.
By Lillianna Byington • Jan. 4, 2021 -
McCormick buys natural flavorings company FONA International for $710M
The acquisition will expand the 132-year-old company's reach into growing categories, such as performance nutrition and health and wellness.
By Christopher Doering • Jan. 4, 2021 -
AB InBev to sell stake in US metal container plants for $3B
Private-equity firm Apollo and other investors will purchase 49.9% of the business, giving the beer giant much-needed cash to pay down debt from its 2016 SABMiller acquisition.
By Christopher Doering • Dec. 28, 2020 -
USDA. (2017). Retrieved from Flickr.
OpinionEarth to the meatpacking industry: 2021 is coming up, exit the time capsule
The manufacturing process must change, and not just for change's sake. Lives, not just reputations, are at stake, writes Phil Kafarakis, president emeritus of the Specialty Food Association.
By Phil Kafarakis • Dec. 23, 2020 -
2020's 10 biggest M&A deals in the food and beverage industry
Despite the pandemic, companies found ways to streamline their operations as needed and expand their portfolios when opportunities arose. These are some of the largest moves this year.
By Food Dive staff • Dec. 23, 2020 -
Frozen food sales soar with homebound consumers during pandemic
Sales in the category jumped 17.4% between November 2020 and the same month a year earlier. The largest gains came in processed poultry, seafood, snacks and beverages.
By Jessi Devenyns • Dec. 23, 2020 -
Samantha Liss, Healthcare Dive
Deep Dive5 questions to ask before adopting a coronavirus vaccine policy
Vaccines are still one arrow in an employer's COVID-19 quiver, an attorney said. Incentives and education may also be preferable to mandates.
By Ryan Golden • Dec. 22, 2020 -
Christopher Doering/Food Dive
Zevia closes $200M funding round with Canadian investment firm
The stevia sweetened soda company is planning to use the money and partnership to fuel its global expansion strategy and better manage its assets.
By Jessi Devenyns • Dec. 22, 2020 -
Courtesy of Very Good Butchers
Eat Beyond aims to change the way people invest in protein alternatives
The investment fund — which is currently publicly traded on three exchanges — serves both those who want to support the future of food and smaller companies with big ideas.
By Megan Poinski • Dec. 22, 2020 -
Courtesy of Novavax, Australian Broadcasting Corporation
Food workers should be among the next in line for the vaccine, CDC panel says
Roughly 30 million people fall into this group, including those in food production and manufacturing, but the recommendations still need to be approved by the agency's director and adopted by states.
By Lillianna Byington • Dec. 21, 2020 -
Study: Food industry funding can influence research
About 13% of articles in the top 10 most-cited nutrition journals in 2018 were backed by the industry, and of those, 56% were favorable to their interests, according to a paper published in Plos One.
By Jessi Devenyns • Dec. 18, 2020
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