Corporate Operations: Page 112
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Flow Alkaline Spring Water raises $45M
The company, which recently opened a spring in Virginia and is set to roll out collagen-infused drinks this month, hopes to double its consumer base by 2021.
By Megan Poinski • May 5, 2020 -
USDA to purchase $470M in surplus meat, dairy and produce
After facing criticism that the government's efforts have been slow to help producers during the pandemic, the department said this will allow food to be distributed to communities nationwide.
By Lillianna Byington • May 5, 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 -
Permission granted by Tyson Foods
Tyson CEO says meat supply will increase in back half of year
When asked if its plants could build back up to pre-coronavirus capacity given operational changes, such as social distancing, that need to be implemented, Noel White said, "The answer would be yes."
By Emma Cosgrove • May 5, 2020 -
Anheuser-Busch wins appeal in corn syrup battle with Molson Coors
The Seventh Circuit Court of Appeals wrote in its decision if the brewer does not like the "sneering tone" of the ad, it "can mock" its rival through its own advertisement.
By Christopher Doering • May 5, 2020 -
Justice Department approves DFA purchase of Dean Foods' assets
As a condition of the deal, antitrust officials said the dairy co-op must divest three processing plants to alleviate potential competitive harm.
By Lillianna Byington • May 4, 2020 -
Constellation boosts stake in Canopy Growth to 39%
The marketer of Corona and Modelo still holds warrants and notes, which if exercised, would increase its ownership in the company to nearly 56%.
By Lillianna Byington • May 4, 2020 -
Hershey sells Krave jerky to incubator led by the brand's founder
Sonoma Brands, a private equity firm founded by Jon Sebastiani after he sold the jerky brand to the sweets maker in 2015, also owns Smashmallow and Dang.
By Christopher Doering • May 4, 2020 -
Permission granted by Blue Bell Creameries
Blue Bell fined $17.25M for 2015 listeria outbreak
The ice cream company was sentenced Thursday after pleading guilty in May to distributing adulterated food products.
By Megan Poinski • Updated Sept. 18, 2020 -
Kellogg delays Incogmeato product launch due to the pandemic
CEO Steven Cahillane said on the company’s earnings call that it shifted the investment for the launch to the second half of the year to focus on supplying the market with food.
By Lillianna Byington • May 1, 2020 -
As snack time becomes anytime, sales skyrocket
Mondelez data found two-thirds of consumers have changed shopping habits in the last 30 days, seeking out familiar, indulgent brands of items including chips, popcorn, cheese and bakery products.
By Jessi Devenyns • May 1, 2020 -
Chickpea protein company InnovoPro secures $15M to boost production
The funding round will increase supply of the company's 70% protein concentrate, as well as form business development and marketing joint ventures.
By Jessi Devenyns • April 30, 2020 -
Permission granted by Ingredion
From candy to clean label, gum arabic's 'workhorse' reputation
The ingredient is popular because it can perform a range of functions including emulsifying, stabilizing, thickening, improving mouthfeel and being a natural glue.
By Christopher Doering • April 30, 2020 -
How plant-based meat companies are staying afloat while coronavirus shutters restaurants
Impossible Foods, Beyond Meat and Before the Butcher have all seen sales drop as foodservice establishments close their doors, but are finding new ways to get to customers during the pandemic.
By Megan Poinski • April 30, 2020 -
7 in 10 consumers are buying more frozen food amid pandemic, survey finds
The American Frozen Food Institute expects the category to be in high demand even after the coronavirus crisis subsides, although analysts aren't as sure.
By Jessi Devenyns • April 30, 2020 -
OpinionIn the world of consumer insights, online research is unlikely to become the 'new normal'
Once social distancing is over, these types of product studies will go back to the traditional in-person way they have been performed. Sean Bisceglia of Curion writes about why.
By Sean Bisceglia • April 30, 2020 -
Opinion
#Consciouscapitalism: The new imperative for food and beverage manufacturers
To feed the world and sustain their own future, manufacturers need to change their mindsets, adopt methods to enhance nutrition, boost health and be kinder to the planet, writes Roy Henderson of Green Cell Technologies.
By Roy Henderson • April 29, 2020 -
PepsiCo trims 'nonessential' marketing spend while focusing on growth areas
A boost in grocery sales is helping some of the company's brands, but gas station and restaurant closures are causing some pain.
By Dianna Christie • April 29, 2020 -
Half of food companies say coronavirus pandemic will make them stronger
A survey from Mattson showed innovation is continuing and consumers will be ready for new products once the outbreak is over.
By Megan Poinski • April 29, 2020 -
Permission granted by Tyson Foods
Trump orders meat plants to remain open despite outbreaks
As the number of plant closures continue to rise and supply concerns grow, the president invoked the Defense Production Act to keep production running.
By Lillianna Byington • Updated April 29, 2020 -
Photos by Getty; photo illustration by Kendall Davis/Food Dive
Deep DiveMeatpacking workers wonder whether job is a 'death sentence' amid outbreaks
Many are criticizing the industry’s response for waiting too long to implement safety precautions and close processing plants as thousands have tested positive for coronavirus.
By Lillianna Byington • April 28, 2020 -
Coca-Cola reports border bottlenecks, touts localized supply chain to keep products flowing
Health screenings and policy changes are slowing traffic at border crossings around the world.
By Emma Cosgrove • April 28, 2020 -
PepsiCo signs deal to distribute Bang Energy drinks in US
The partnership comes on the same day the beverage giant closed its $3.85 billion deal to buy Rockstar Energy.
By Christopher Doering • April 28, 2020 -
Bob Nichols. (2013). "20130822-OC-RBN-2946" [photograph]. Retrieved from Flickr.
2M chickens euthanized as coronavirus shuts down meat processors
As animals who were raised for the processing plants grow, producers are running out of room to keep them.
By Megan Poinski • April 28, 2020 -
Hershey to divest Krave and artisan chocolate brands
The maker of Reese's and Twizzlers said selling the jerky brand, as well as Scharffen Berger and Dagoba chocolates, will allow it to focus more on salty snacks and bars.
By Christopher Doering • April 27, 2020 -
Courtesy of Borden Dairy / Dean Foods
Bankrupt Borden Dairy and Dean Foods bondholders propose merger
While the court already approved the sale of most of Dean's assets to Dairy Farmers of America, the deal must still receive antitrust clearance from the Justice Department.
By Lillianna Byington • April 27, 2020
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