Corporate Operations: Page 107


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    Permission granted by Pepsi
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    Column

    Leftovers: Pepsi bottles apple pie; Busch literally goes to the dogs

    The soda giant is introducing the limited-edition dessert flavored cola in a Thanksgiving sweepstakes, and Mondelez invites fans to personalize their Oreos.

    By Food Dive staff • Nov. 20, 2020
  • $8.37B invested in food tech in first 3 quarters outpaces all of 2019, report says

    Late stage startups represented 78% of the capital, with Impossible Foods, Memphis Meats, LiveKindly and Perfect Day representing some of the largest deals in 2020. 

    By Jessi Devenyns • Nov. 19, 2020
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    Courtesy of Instacart
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    Trendline

    Top 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
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    Permission granted by Tyson Foods
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    Tyson fires 7 managers after accusation of betting on workers getting COVID-19

    After the issue was raised in a lawsuit filed by the family of a worker in Iowa who died of the coronavirus, the company conducted an independent investigation led by former Attorney General Eric Holder.

    By Lillianna Byington • Updated Dec. 16, 2020
  • Barry Callebaut launched its Accent line of high performance and sustainable chocolates in the North American market in November 2020.
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    Courtesy of Barry Callebaut
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    Barry Callebaut debuts high performance and sustainable chocolate line

    The products, which are hitting the market in time for the holiday season, are made for North American consumers' palates.

    By Nov. 19, 2020
  • Tofurky's Plant-Based Roast
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    Courtesy of Tofurky
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    Deep Dive

    Talking Tofurky: How its mission and fun approach made a quirky company a plant-based leader

    While the 25-year-old family-owned company may be named after its Thanksgiving roast, a diverse array of products and leadership have helped establish the now-trendy segment.

    By Nov. 19, 2020
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    Courtesy of SunOpta
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    SunOpta sells global ingredients division for $390M

    The company plans to use the money it receives from the deal to expand its plant-based food and beverage offerings as well as to pay down debt.

    By Jessi Devenyns • Nov. 19, 2020
  • Cargill
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    Courtesy of Cargill
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    Cargill upstart predicts $1B in sales as demand for healthy ingredients surge

    Cargill Health Technologies was launched by the agricultural giant to expand the understanding of gut and digestive health and their connection to the body's immune system.

    By Nov. 19, 2020
  • Woman preparing for pathogen virus pandemic spread quarantine.Choosing nonperishable food essentials.Budget buying at a supply store.Pandemic quarantine preparation.Emergency to buy list - stock photo
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    Getty Images
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    Opinion

    The holiday CPG challenge: Convince consumers not to trade down

    Even though shoppers may be looking to save money on this year's festive feasts, there are ways to get them to buy brand-name products. Meghan Howard of Chicory offers several suggestions. 

    By Meghan Howard • Nov. 18, 2020
  • Unilever sets $1.2B sales goal for plant-based products

    Executives said they plan to reach this target by introducing meat- and dairy-free varieties of current products as well as by rolling out new brands.

    By Nov. 18, 2020
  • Deep Dive

    OSHA comes under fire for 'paltry' fines and lax guidance to meat plants

    While critics call the citations "less than a slap on the wrist," companies including Smithfield and JBS have denounced the fines, saying they followed the agency's recommendations for the pandemic once they were available.

    By Lillianna Byington • Nov. 17, 2020
  • PepsiCo 'fired' from exclusive distribution deal with Bang Energy

    The beverage giant says it will continue distributing the energy drink even after Bang's CEO cited "multiple issues and concerns regarding PepsiCo’s performance" since the two partnered in April. 

    By Updated Nov. 17, 2020
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    Kind
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    Mars buys Kind North America

    The acquisition comes three years after the privately held food and confectionery giant first took a stake in the company known for its natural snack bars. Terms of the deal were not disclosed.

    By Updated Nov. 17, 2020
  • Mondelez International
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    Mondelez ties marketing to internal diversity efforts with 'humaning' approach

    Aligning its internal and external strategies around consumers and purpose, the CPG plans to move beyond "cautious" data-driven tactics — even as it puts a premium on first-party data.

    By Chris Kelly • Nov. 17, 2020
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    B&G Foods
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    B&G Foods CEO Kenneth Romanzi abruptly steps down

    The maker of Green Giant and Ortega said he is resigning to "pursue personal interests." David Wenner, who previously led the company, has been named interim CEO.

    By Lillianna Byington • Nov. 16, 2020
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    Courtesy of Oatly
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    How Oatly accelerated growth during the pandemic

    In a year of adversity, oat milk is on top, with dollar sales up 212% above last year. The company's North America President Mike Messersmith explains why the beverage is booming and shares its expansion plans.

    By Nov. 16, 2020
  • Beyond Meat's reformulated Beyond Burger hits stores in May 2021.
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    Courtesy of Beyond Meat
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    Reformulated Beyond Burger arrives in grocery stores in May

    The new patties, designed to taste meatier and juicier with 35% less fat and fewer calories than 80/20 ground beef, were first announced in November.

    By Updated April 27, 2021
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    Christopher Doering
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    Home food consumption to fall in 2021 as normal spending patterns return: Moody's

    Still, the firm added that "residual benefits from the pandemic ... will support solid earnings growth for 2022 and beyond," with large food makers as the biggest beneficiaries.

    By Nov. 13, 2020
  • Perdue Farms made a limited quantity of turkey ThanksNuggets in November 2020.
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    Courtesy of Perdue Farms
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    Column

    Leftovers: Perdue debuts turkey nuggets for an unconventional Thanksgiving; chocolates get a Truly hard seltzer infusion

    The century-old poultry giant is launching limited quantity frozen turkey meat nuggets in the shape of the bird, and Pringles is cranking up the heat with the launch of its Scorchin' line.

    By Food Dive staff • Nov. 13, 2020
  • ADM invests in microbiome fund

    The company said this fits into its larger strategy of pursuing the development of ingredients that are functional and provide health benefits to consumers.

    By Jessi Devenyns • Nov. 12, 2020
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    Dupont / IFF
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    IFF completes $26.2B merger with DuPont unit

    The combined company has an estimated 2020 pro forma revenue of more than $11 billion and EBITDA of approximately $2.5 billion.

    By Updated Feb. 1, 2021
  • A worker stands in the distance as plant-based patties come down the line at a Beyond Meat factory
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    Courtesy of Beyond Meat
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    Beyond Meat acquires co-packer to tackle unit costs

    The $14.5 million deal will provide the company opportunities to test new processes and more quickly scale up products, CEO Ethan Brown said.

    By Emma Cosgrove • Nov. 12, 2020
  • On the border
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    Permission granted by Truco Enterprises
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    Utz buys chips and salsa maker On The Border for $480M

    The nearly 100-year-old snacking company's second acquisition since going public in August will help it enter new categories and grow its national footprint. 

    By Nov. 12, 2020
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    Heineken
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    Deep Dive

    Once mocked, nonalcoholic beer creates a buzz as traditional brew sales stagnate

    New offerings from brands like Guinness and Budweiser are flooding the space as the segment, which pulls in nearly $200 million in sales, suddenly heats up.

    By Nov. 12, 2020
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    Retrieved from McDonald's on July 25, 2019
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    McDonald's plants its flag in the alternative meat space

    The QSR giant will start testing its McPlant product line in 2021, but controversy has already arisen over which company is supplying the products.

    By Nov. 11, 2020
  • Mars Wrigley's Skittles Gummies will hit stores in 2021.
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    Courtesy of Mars Wrigley
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    Mars Wrigley doubles down on digital to align with shifting c-store shopping behavior

    E-commerce strategy and innovative new products help chart the confectioner's success this year in convenience stores and beyond, company officials said.

    By Nov. 11, 2020