Corporate Operations: Page 107
-
Courtesy of Sonoma Brands
Krave owner boosts stake in premium jerky with Chef's Cut acquisition
Jon Sebastiani, founder of Sonoma Brands, said the purchase helps it establish a dominant position in the premium meat snack space and gives it scale to compete against legacy offerings.
By Christopher Doering • July 9, 2020 -
Courtesy of Impossible Foods
Impossible Foods CFO: Converting 'hypergrowth' into long-term sustainability
Grocery demand for fresh or frozen plant-based meats surged 300% in March, while store sales of Impossible Burger have more than doubled every month since April, according to David Lee.
By Jane Thier • July 8, 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 Perfect Day
Perfect Day announces $160M in funding
The investment, led by the Canada Pension Plan Investment Fund, brings the animal-free dairy company's Series C cash raise to $300 million and bolsters its sustainability claims.
By Megan Poinski • July 8, 2020 -
Christopher Doering/Food Dive
A passing grade? Inside Anheuser-Busch's test panels that rate its beers
From Bud Light to Straw-Ber-Rita, tasters with the alcohol giant meet regularly to check the flavor, texture, smell and appearance of its signature brews and trendy products.
By Christopher Doering • July 8, 2020 -
Permission granted by SnackFutures
How SnackFutures pivoted its strategy to deal with coronavirus
At the beginning of the year, the four brands in Mondelez's innovation and venture arm were heading to stores for consumer tests. Now, sales and feedback are coming in, but in a much different way than planned.
By Megan Poinski • July 7, 2020 -
Permission granted by Tyson Foods
Despite precautions, coronavirus continues to spread in meat plants
New cases reignite worker fear as facilities remain open, reports say. More than 120 groups are pushing Tyson to address issues this week.
By Lillianna Byington • July 7, 2020 -
Courtesy of Chobani
Chobani rolls out PB&J yogurt to help feed those hurt by coronavirus
The product, which hits shelves this week, was developed in less than two-and-a-half months. All profits will be donated to Feeding America.
By Christopher Doering • July 6, 2020 -
PepsiCo partners to sequence the oat genome for the 1st time
The data, which the manufacturer of Quaker Oats is making available free for public use, could improve sustainability, taste and nutrition of the cereal grain.
By Christopher Doering • July 2, 2020 -
Coca-Cola sells Odwalla to investment firm
Full Sail purchased the juice and smoothie product for an undisclosed amount from the beverage giant.
By Jessi Devenyns • Updated Sept. 14, 2021 -
USDA
Lawsuit accuses DFA leadership of 'extortion' and 'cartel' tactics after Dean Foods sale
The complaint argues the U.S. dairy industry was facing a collapse before the pandemic because of the co-op and is now unfairly expanding its reach. DFA called the suit "ridiculous and without merit."
By Lillianna Byington • July 2, 2020 -
Constellation Brands buys DTC company Empathy Wines
The upstart founded in 2019 produces high quality, sustainably made bottles sold through its e-commerce platform. The purchase price was not disclosed.
By Christopher Doering • July 1, 2020 -
McCormick will run 24-hour operations after pandemic-driven home cooking depletes inventories
Manufacturing capacity became "a pressure point," said McCormick's CEO, as demand surged and sales grew 26% year-over-year in the consumer segment.
By Emma Cosgrove • July 1, 2020 -
Permission granted by Unilever
Healthy food on the menu as coronavirus improves eating habits
The pandemic has accelerated demand for plant-based meat and immunity-boosting products from companies such as Impossible Foods and Unilever.
By Christopher Doering • July 1, 2020 -
Retrieved from Lyft on May 14, 2019
USDA predicts grocery prices will see their largest annual increase since 2011
The average increase of 3% is due in part to the surge in demand for meat, poultry and fish caused by the pandemic.
By Krishna Thakker • June 30, 2020 -
Courtesy of Impossible Foods
Why Impossible Sausage was designed for meat lovers, not vegetarians
As the plant-based breakfast patty becomes available to any restaurant in the United States, company leaders talk about why they developed the product and what's coming next.
By Megan Poinski • June 30, 2020 -
Constellation Brands trims spirits portfolio with $225M divestiture
The marketer of Corona and Modelo Especial said it would sell its Paul Masson Grande Amber Brandy brand to the Sazerac Company.
By Christopher Doering • June 29, 2020 -
Deep Dive
Battling bankruptcy and a pandemic, Borden looks ahead
Departing CEO Tony Sarsam spoke to Food Dive about the challenges and future prospects for the dairy processor. Its $340 million sale to Capitol Peak Partners and KKR was approved on Friday.
By Lillianna Byington • June 29, 2020 -
Christopher Doering/Food Dive
Almost 700 sick in US and Canada in Fresh Express salad outbreak
Federal health regulators are investigating the multi-state outbreak in the Midwest tied to Cyclospora. The products were sold at Aldi, Hy-Vee, Walmart and Jewel-Osco.
By Jessi Devenyns • Updated July 28, 2020 -
Whole Foods' bottled water brand has 'concerning levels' of arsenic, Consumer Reports says
The retailer's Starkey Spring Water, which was recalled three years ago because of elevated levels of the chemical element, has been called out by the organization before.
By Jessi Devenyns • June 26, 2020 -
Permission granted by DiGiorno
ColumnLeftovers: DiGiorno delivers pizza with a croissant crust; Truly scoops hard seltzer-infused ice cream
The Nestlé-owned brand is taking a page from cronuts with this new frozen pie, and Krispy Kreme is rolling out a line of doughnut bites at Walmart.
By Food Dive staff • June 26, 2020 -
Retrieved from https://rhythmsuperfoods.com/press-releases/ on June 25, 2020
Sesajal takes minority stake in Rhythm Superfoods
The plant-based snacks company will use the investment from the Mexico-based seeds and grains producer to expand capacity and increase marketing.
By Jessi Devenyns • June 25, 2020 -
Tyson Foods to shutter South Carolina plant, lay off 150 workers
The meat giant said the closure slated for August is not related to the pandemic and is a part of ongoing efforts to increase efficiencies.
By Lillianna Byington • June 25, 2020 -
Adeline Kon/Food Dive
Deep DiveFlour power: How manufacturers helped baking become the hottest new trend
Consumers stuck at home during the pandemic turned to their ovens for solace, but were met with empty shelves. Here's how companies plan to meet demand.
By Megan Poinski • June 25, 2020 -
Deep DiveA historic reckoning with race leaves problematic food brands without an easy path forward
Remaking Aunt Jemima or Uncle Ben, with characters baked into brand identity, will require heavy investments. A pandemic-related windfall could help.
By Peter Adams • June 24, 2020 -
Dairy industry faces a slow recovery from the pandemic
A new Rabobank report predicts higher sales at retail and lower ones in foodservice will converge and bring back a more normal balance, but there are still challenges ahead.
By Lillianna Byington • June 24, 2020
Previous
