Corporate Operations: Page 116
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Courtesy of PRNewsfoto/Mondelēz International, Inc.
Chips Ahoy brings back mascot after 6 years to promote mashup flavors
The animated icon was described as a "loveable optimist" that will appear in collaborations with content creators and on social media.
By Dianna Christie • March 17, 2020 -
Courtesy of McKee Foods
Little Debbie Snacks owner invests more than $500M to expand Tennessee operations
McKee Foods' expansion, which will take place during 15 years, is expected to create 480 jobs and new production lines.
By Christopher Doering • March 17, 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 -
Impossible Foods raises $500M to invest in the future and expand
The latest financial haul, which included investments from celebrities such as Jay-Z and Katy Perry, brings the total amount of money the plant-based firm has collected to $1.3 billion.
By Megan Poinski • March 16, 2020 -
Courtesy of Drinkworks
AB InBev-backed machine allows consumers to brew their own beers instantly at home
Drinkworks, a partnership between the alcohol giant and Keurig Dr Pepper, is teaming up with Golden Road Brewing to offer four beers that can be made using a special K-Cup machine.
By Christopher Doering • March 16, 2020 -
Expo West officially canceled as New Hope focuses on Expo East
Rather than reschedule the event amid uncertainty over the coronavirus, the group said it will shift its resources toward its September trade show in Philadelphia.​
By Lillianna Byington • March 16, 2020 -
Permission granted by Quaker Oats Company
ColumnLeftovers: Cap'n Crunch pancakes will beat the breakfast blues; SweeTarts Ropes lasso fruity flavor
The cereal mascot has a colorful take on Aunt Jemima's breakfast offerings, and Aldi introduces hummus that is kind of a big dill.
By Food Dive staff • March 13, 2020 -
Nonalcoholic beer maker Athletic Brewing raises $17.5M
The upstart brewer said it will use the funding to expand into new states and purchase a facility in San Diego once occupied by Ballast Point.
By Christopher Doering • March 13, 2020 -
Retrieved from Leinenkugel's on March 11, 2020
Leinenkugel's launches Spritzen, a 'beer with a splash of seltzer'
The drink is the first new national release in three years from the brewing company, which is a part of Molson Coors' Tenth and Blake craft division.
By Lillianna Byington • March 12, 2020 -
Corbion shifts focus to natural food preservation and lactic acid
The Dutch food and biochemicals firm also said its growth plans include prioritizing sustainability and on-trend ingredients such as algae.
By Cathy Siegner • March 12, 2020 -
Opinion
What's your beef? How bacteria could save dairies
For the dairy industry, gut health represents a real and valuable unique selling point, writes British copywriter ​Jonathan A. Finch.
By ​Jonathan A. Finch • March 12, 2020 -
Permission granted by Ingredion
Ingredion launches clean label emulsifier made from chickpeas
The product, touted as a replacement for eggs or for use in dressings and sauces, hits on several trends without affecting taste or texture.
By Christopher Doering • March 12, 2020 -
PepsiCo buys energy drink Rockstar for $3.85B
The purchase by the soda and snacks giant expands its presence in the fast-growing beverage segment where Red Bull and Monster currently dominate.
By Christopher Doering • March 11, 2020 -
Permission granted by LiveKindly Company
Why food titans invested $200M to form plant-based platform LiveKindly
The company, which has used the funding to acquire two manufacturers, invest in a pea protein firm and buy a website, is currently eyeing the chicken space.
By Megan Poinski • March 11, 2020 -
Courtesy of Beyond Meat
Beyond Breakfast Sausage launches at retail
The product, which will be on store shelves later this month, enters a suddenly crowded field and compete against similar offerings from Impossible Foods, Kellogg, Nestlé and Greenleaf Foods.
By Megan Poinski • March 10, 2020 -
Spindrift secures $29.8M as the sparkling water category grows
This is the biggest single funding round for the brand, which launched in 2010 and flavors its beverages with real squeezed fruit.
By Lillianna Byington • March 10, 2020 -
Coca-Cola will link executive pay to company employees
The New York State Common Retirement Fund, one of the beverage giant's top 50 shareholders, pushed for the change, saying top-level pay has soared while average wages have made minimal gains.
By Christopher Doering • March 10, 2020 -
Retrieved from LQD on March 10, 2020
Will LQD craft malt beverages help Anheuser Busch reimagine alcohol?
The first products from the new line include Hard Agave Limeade, Hard Passion Fruit Green Tea and Hard Hibiscus Green Tea and contain 5.2% to 5.9% ABV.
By Cathy Siegner • March 10, 2020 -
Coronavirus will lift near-term sales of shelf-stable and frozen foods, analysts say
As consumers stockpile for potential quarantines, a report from Bernstein said companies such as Campbell Soup, Conagra Brands, General Mills and Kellogg could benefit.
By Lillianna Byington • March 9, 2020 -
Courtesy of The Icelandic Milk and Skyr Corporation
French dairy firm Lactalis aims for bigger presence in US
Even after the acquisitions of Stonyfield and Siggi's, the yogurt and cheese maker aims to double its North American sales to $6 billion through M&A and internal innovation.
By Christopher Doering • March 9, 2020 -
Courtesy of LaCroix
ColumnLeftovers: LaCroix turns 'UP!!' innovation; Dymatize gives consumers a yabba-dabba-doo time
The always-over-the-top sparkling water brand introduces LimonCello and Pastèque flavors, and Sliq is the freezer pops consumers loved as kids all grown up.
By Food Dive staff • March 6, 2020 -
Courtesy of Karma Wellness
Constellation announces minority stake in Karma Wellness Water
This is the beverage giant's first nonalcoholic investment, and it's launching a marketing campaign focusing on its patented push cap, which delivers vitamins and probiotics when twisted.
By Cathy Siegner • March 6, 2020 -
Retrieved from Nestle on January 31, 2018
Nestlé to close New York water bottling plant with 105 employees
The Swiss company said in a filing with the state's Department of Labor the facility in Elmsford will close June 1.
By Christopher Doering • Updated March 6, 2020 -
Canopy Growth to cut 500 jobs and close 2 greenhouses
The closures account for more than half of the cannabis company's cultivation operations in Canada and are expected to result in a $522 million to $596 million pre-tax charge.
By Lillianna Byington • March 5, 2020 -
Permission granted by Ozo
JBS enters crowded plant-based segment with Ozo brand
The Brazilian meat giant's new product line, made from a blend of pea and rice protein fermented by shiitake mushrooms, hits shelves next month.
By Megan Poinski • March 4, 2020 -
Danielle Ternes/Food Dive
Deep DiveHow two years of changes in dairy led to two major bankruptcies
Struggling with competition from milk alternatives, innovative startups and private label, this timeline shows how Borden and Dean Foods got here and what’s next for the industry.
By Nami Sumida, Lillianna Byington • March 4, 2020
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