Corporate Operations: Page 106
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Courtesy of Gotham Greens
Indoor produce grower Gotham Greens raises $87M to fuel expansion plans
The flourishing indoor greenhouse segment has been popular for investors in 2020, with BrightFarms, Revol Greens and AppHarvest also raising money for their development efforts.
By Christopher Doering • Dec. 8, 2020 -
Sam Silverstein/Food Dive
CPG portfolio reshaping will accelerate in 2021, analysts predict
Food and beverage companies have long relied on M&A, and a new report from Credit Suisse said that strategy will gain further traction after a windfall of sales during the pandemic increased financial flexibility.
By Jessi Devenyns • Dec. 8, 2020 -
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 -
McDonald's the latest restaurant chain to accuse Tyson, Pilgrim's Pride of price fixing
The fast-food giant joins other restaurants, CPG companies, grocery chains and distributors who have levied similar changes against the chicken processors.
By Lillianna Byington • Updated April 7, 2021 -
Retrieved from Conagra Brands.
Conagra Brands to sell Peter Pan peanut butter to Post Holdings
Financial terms of the transaction, which is expected to close in the first quarter of 2021, were not disclosed.
By Christopher Doering • Dec. 7, 2020 -
USDA photo by Preston Keres. (2017). "20170428-OSEC-PJK-1465" [photograph]. Retrieved from Flickr.
JBS removes vulnerable workers during coronavirus spike in community
The 202 at-risk employees removed from the Greeley, Colorado, beef plant are receiving full pay and benefits as cases in the area rise.
By Lillianna Byington • Dec. 7, 2020 -
Courtesy of Mosa Meat
Mosa Meat gets $19.7M to scale up and continue moving toward cell-based meat products
The Dutch company that created the world's first cell-based hamburger has now raised a total of $91 million, and hopes to have products on the market in 2022.
By Megan Poinski • Dec. 7, 2020 -
Permission granted by General Mills
ColumnLeftovers: General Mills brings Sesame Street to cereal; Wicked Weed brews donut-flavored beer
The boxes featuring characters from the 51-year-old educational TV show will arrive on shelves next month, and Borden Dairy is mixing it up with three varieties of creamy salsa.
By Food Dive staff • Dec. 4, 2020 -
Courtesy of Barry Callebaut
Barry Callebaut to expand La Morella Nuts globally in 2021
The premium Spanish nut company was acquired in 2012 for its synergies with the chocolate ingredient leader's primary business. The line will be available in North America next year.
By Megan Poinski • Dec. 3, 2020 -
Permission granted by Tate & Lyle
Tate & Lyle acquires stevia manufacturer Sweet Green Fields
Before taking full ownership, the British company had both a minority stake and a global distribution partnership with the U.S.-based firm.
By Jessi Devenyns • Dec. 3, 2020 -
Nestlé to invest $3.6B to curb emissions and boost sustainability
The world's largest food company says it will use the money over the next five years as part of its long-term goal to cut its emissions in half by 2030 and reach net-zero emissions by 2050.
By Christopher Doering • Dec. 3, 2020 -
Labeling on plant-based meat is 'potentially misleading,' judge rules
An Oklahoma court issued the first ruling that favored state labeling restrictions on the segment, denying the motion for an injunction as the case continues.
By Megan Poinski • Dec. 3, 2020 -
Courtesy of Lidl/Businessnewswire
Lidl launches ethically sourced, private label chocolate bar
Way To Go products guarantee farmers receive the Fairtrade Minimum Price for cocoa, along with extra money to boost their income and develop higher-yield farming techniques.
By Rosie Bradbury • Dec. 3, 2020 -
Courtesy of Eat Just
Race for regulation of cell-based meatEat Just lands first regulatory approval for cell-based meat
Singapore has greenlighted the company's chicken bites, which will be sold at a restaurant on the island nation in the near future.
By Megan Poinski • Dec. 2, 2020 -
Molson Coors boosts production capacity for seltzers, hit products by over 400%
The beer giant said the investments will allow it to keep up with demand for recent introductions such as Vizzy, Coors Seltzer and LightSky while preparing for new launches.
By Christopher Doering • Dec. 2, 2020 -
Jones Soda promotes Mark Murray to CEO
The former Kraft Foods executive quickly made his mark on the small beverage maker since becoming its president in September. Sales during the company's third quarter rose 17% from 2019.
By Christopher Doering • Dec. 2, 2020 -
The image by Department of Foreign Affairs and Trade, Photo taken by Irene Scott for AusAID is licensed under CC BY 2.0
Supreme Court rules in favor of Nestlé USA and Cargill in human rights abuses case
The ruling reversed a lower court decision allowing the lawsuit to proceed. The companies were accused of not doing enough to monitor their cocoa suppliers in Africa where there have been allegations of child slavery and labor.
By Lillianna Byington • Updated June 17, 2021 -
Courtesy of Nature's Bakery
Kind acquires Nature's Bakery
This is the first acquisition for the snack bar brand since it fully became part of Mars last month.
By Megan Poinski • Dec. 2, 2020 -
Retrieved from Bang Energy.
Bang Energy sues PepsiCo, citing 'gross misconduct' and intimidation
The energy drinks maker said the beverage giant is "threatening lawsuits" against Walmart and other retailers who fail to purchase Bang from it. PepsiCo said it remains committed to honoring the distribution deal.
By Christopher Doering • Dec. 1, 2020 -
Retrieved from Pixabay.
OpinionCPGs still struggle to measure environmental progress, but there's a solution
Guidelines are currently voluntary, unenforceable and serve as mechanisms that appear to make the problem go away without actually solving it, writes Kearney's Adheer Bahulkar and Henrique Gonda.
By Adheer Bahulkar and Henrique Gonda • Nov. 30, 2020 -
Courtesy of Beyond Meat
Beyond Meat offers a Cyber Monday DTC deal
Consumers that order plant-based meat from the company's recently launched e-commerce platform will receive 20% off.
By Megan Poinski • Nov. 25, 2020 -
Courtesy of Mondelez
Mondelez closing 2 bakery plants in 2021
The Oreo maker said the facilities in Atlanta and Fair Lawn, New Jersey, are in need of repair and no longer geographically strategic.
By Jessi Devenyns • Updated Feb. 5, 2021 -
Diageo's growth plans: More premium brands and diversity in leadership
The alcohol maker's CEO told CNBC consumers are drinking "better, not more," and the company's 10-year plan focuses on promoting moderation in drinking and achieving net-zero carbon emissions.
By Jessi Devenyns • Nov. 24, 2020 -
Retrieved from Cholula on November 24, 2020
McCormick buys hot sauce maker Cholula for $800M
The purchase further expands the spice and seasoning company's reach into condiments, tapping into increased food consumption at home and consumer demand for flavor.
By Christopher Doering • Nov. 24, 2020 -
Deep Dive
'It's our Super Bowl': How food manufacturers are preparing for an unorthodox holiday season
The pandemic has upended how consumers plan to celebrate, prompting CPG companies to reduce product sizes, tout offerings for novice cooks and shift more resources online.
By Christopher Doering • Nov. 23, 2020 -
Danone to cut up to 2,000 jobs as it tries to save nearly $1.2B
CEO Emmanuel Faber says the company needs to "reinvent" itself as it gets hit hard by restaurant closures, a reduction of SKUs offered by retailers and a drop in birth rates that curtails formula consumption.
By Christopher Doering • Nov. 23, 2020
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