Corporate Operations: Page 120
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Deep Dive
Once a sidekick in food, the pea finds itself the star of the show
The little round legume has grown in popularity as a way to add nutrients, replace allergens and respond to consumer demand for more plant-based meats, beverages and other products.
By Christopher Doering • Jan. 23, 2020 -
Trader Joe's, CVS get low marks on chocolate supply chains
If retailers make the decision to buy the confection based on labor and environmental standards, it can help shift the industry in the right direction, Green America noted in its study.
By Matt Leonard • Jan. 23, 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 -
Planters kills off Mr. Peanut, plans Super Bowl funeral ad
The Kraft Heinz brand looks to keep the social media conversation going before, during and after its big game spot.
By Dianna Christie • Jan. 23, 2020 -
Memphis Meats raises $161M to build a cell-based meat plant
Legacy companies Cargill and Tyson both participated in this funding round for a facility that could be making products in 24 months.
By Megan Poinski • Jan. 23, 2020 -
Molson Coors buys craft beer maker Atwater Brewery
The purchase of the Detroit company expands the beverage giant's portfolio while allowing the smaller brewer to gain the financial heft it needs to grow.
By Christopher Doering • Jan. 23, 2020 -
Just Egg folds into vegan grab-and-go breakfast market
The San Francisco company is launching a frozen precooked version of its mung bean protein substitute while also improving the recipe and cutting the price of its liquid version.
By Megan Poinski • Jan. 22, 2020 -
Tyson Foods starts coalition to tackle sustainable protein
The group, made up of leaders from the industry, academics, NGOs and financial institutions, will address issues such as food waste, conservation and hunger.
By Christopher Doering • Jan. 22, 2020 -
FMI rebrands as The Food Industry Association
The new name reflects efforts by the group to broaden its membership and focus on a "more interconnected supply chain" as the line between brick and mortar and e-commerce blurs.
By Jeff Wells • Jan. 21, 2020 -
Deep Dive
Big Beer quickens pace of innovation as sales of iconic brews languish
With volumes of the popular alcohol dropping for the fourth straight year in 2019, hard coffee, kombucha, spiked seltzers and flavored versions of popular brews could be the future.
By Christopher Doering • Jan. 21, 2020 -
Beyond beverages: Harmless Harvest launches dairy-free coconut yogurt
The California company uses the same microfiltered organic Thai coconut it puts in its drink lines, and it includes no gums to thicken the texture.
By Cathy Siegner • Jan. 21, 2020 -
Retrieved from Nestle on January 16, 2020
Nestlé to invest up to $2B in sustainable packaging
The global company wants to lead the shift to food-grade recycled plastics and accelerate the development of more environmentally friendly solutions with a venture fund.
By Lillianna Byington • Jan. 17, 2020 -
Farm-grown food dyes replacing artificial ones in more products
As consumers turn to better-for-you items, the use of sustainable and clean label plant-based colors are growing in popularity.
By Cathy Siegner • Jan. 16, 2020 -
Califia Farms raises $225M to expand globally
The plant-based beverage company said the financing will help grow its oat platform and launch other lines, as well as increase production capacity and R&D.
By Lillianna Byington • Jan. 16, 2020 -
Good Catch nets General Mills in $32M financing round
The plant-based tuna company's investors also included Lightlife parent company Greenleaf Foods.
By Megan Poinski • Jan. 16, 2020 -
Retrieved from PepsiCo on April 23, 2019
PepsiCo to get all its US electricity from renewable sources
The maker of its namesake soda, Gatorade and Doritos plans to reach the target later this year. America accounts for nearly half of its total global electricity consumption.
By Christopher Doering • Jan. 16, 2020 -
Danone US yogurt chief 'bullish' despite segment's broader struggles
The French company is unveiling products in 2020 that address demand for lower sugar or alternative sweetener options, different textures and more plant-based varieties.
By Christopher Doering • Jan. 15, 2020 -
Russell Stover announces 400 layoffs and 300 new jobs
Despite "strong" sales, the company said the job shifts are modifying the company's infrastructure to make sure it can meet future demand.
By Megan Poinski • Jan. 15, 2020 -
Krave embraces plant-based craze with new jerky product
The Hershey-owned snacks company said along with its product made from peas and fava beans, it's also introducing a pork rind item this month.
By Cathy Siegner • Jan. 15, 2020 -
Hershey, Cheerios and M&M's are among the most trusted brands
Morning Consult's rankings came from interviewing 16,700 consumers about their feelings for 2,000 trademarks.
By Lillianna Byington • Jan. 14, 2020 -
Wine consumption drops for the first time in 25 years
Industry tracker IWSR also said people have drank less beer annually since 2015, with 2019 volumes down 2.3%.
By Christopher Doering • Jan. 14, 2020 -
Mosa Meat gets investments and support to bring cultured meat to Europe in 2022
The Dutch company that made the first lab-grown hamburger is receiving funds from Lowercarbon Capital and animal nutrition company Nutreco, which also will help create the nutrients to grow the cells.
By Megan Poinski • Jan. 13, 2020 -
Quorn displaying carbon footprint data on some labels
The U.K. firm said the information is shown on some items sold online, making the company the first global meat-free brand to list it on products.
By Cathy Siegner • Jan. 13, 2020 -
Cell-based food maker New Age Meats raises $2.7M in funding
The California company, which has already developed a pork variety, will use the money to invest in manufacturing and develop new technology.
By Jessi Devenyns • Jan. 13, 2020 -
Heinz uncaps new HoneyRacha condiment as part of Super Bowl play
The sweet and spicy blend is part of a campaign that includes a 30-second in-game spot and specially marked packaging that unlocks prizes.
By Dianna Christie • Jan. 10, 2020 -
Mars collaborates to boost cacao yields, quality and disease resistance
The CPG company is working with Nature Source Improved Plants to develop new varieties based on enhanced genomics.
By Cathy Siegner • Jan. 9, 2020