Corporate Operations: Page 122
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Pete and Gerry's Organics debuts reusable egg cartons
About 500 of the sturdy containers have been purchased at Co-Op Food Stores in New Hampshire and Vermont, and the company plans to expand the program next year.
By Jessi Devenyns • Dec. 18, 2019 -
Daring to disrupt: UK plant-based chicken company comes to US with $10M investment
The non-GMO, five-ingredient product will be at retailers, restaurants and online in February through its partnership with Rastelli Foods Group.
By Cathy Siegner • Dec. 18, 2019 -
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 -
Retrieved from Coca-Cola on December 16, 2019
Coca-Cola's Insiders Club provides a taste of new flavors — before they hit shelves
The new subscription service, which will send 1,000 consumers a monthly shipment of new beverages — including Aha sparkling water and Coke Energy — sold out in three hours.
By Lillianna Byington • Dec. 17, 2019 -
Coke reinstates global CMO role in bid to unify marketing, operations
The role was scrapped just two years ago, with duties shifting to Chief Growth Officer Francisco Crespo, who will retire next year.
By Peter Adams • Dec. 16, 2019 -
Danone Waters accelerates push toward carbon neutrality
Four of the company's water brands, including Evian, have committed to reaching net zero carbon emissions by 2030.
By Jessi Devenyns • Dec. 16, 2019 -
Pricing pressures will curtail earnings growth for US packaged food companies in 2020, Moody's says
The financial services company also forecast a slowdown in M&A for the CPG space but notes other drivers, such as premiumization and increasing prices, will drive industry expansion.
By Jessi Devenyns • Dec. 16, 2019 -
IFF to buy DuPont's nutrition business in $26.2B deal
The companies said the merger, which they expect to close in the first quarter of 2021, would create an entity with a dominant position in everything from tastes and textures to soy proteins and probiotics.
By Christopher Doering • Dec. 16, 2019 -
Column
Leftovers: Snickers turns white at Christmas; Eat Sobar, stay sober
Mars Wrigley dips its signature peanut and caramel bar into a new type of chocolate, and Angry Orchard partners with Tipsy Scoop to make ice cream that is quite literally intoxicating.
By Food Dive staff • Dec. 13, 2019 -
Nutriati plant-based ingredients company receives $12.7M from private equity
In a gluten-free market with fierce competition, two private equity firms are betting on Artesa flour to become a preferred brand.
By Jessi Devenyns • Dec. 12, 2019 -
McCormick and Blue Pacific partner to launch better tasting powdered drinks
The FlavorCell technology offers non-GMO, natural flavors that can extend shelf life and be used in beverages, confectionery and bakery products.
By Jessi Devenyns • Dec. 12, 2019 -
FDA sends warning letter after listeria found in a Friendly's ice cream factory
No illnesses or contaminated products have been reported, but inspectors found the same bacteria strain in the facility owned by Dean Foods in 2017.
By Lillianna Byington • Dec. 12, 2019 -
Retrieved from Nestle on December 11, 2019
Nestlé sells US ice cream business to joint venture in $4B deal
The brands, which include Edy's, Haagen-Dazs and Drumstick, will be purchased by Froneri, an ice cream-focused entity the company created in 2016.
By Christopher Doering • Dec. 11, 2019 -
Perfect Day closes $140M funding round
Having raised more than $200 million total, the animal-free dairy protein startup plans to announce commercial partnerships for its products early in 2020.
By Megan Poinski • Dec. 11, 2019 -
PepsiCo CMO leaves amid beverage giant's marketing resurgence
Roberto Rios departs for Schwan's Company at a time when larger investments in media and advertising are bolstering the snack and soft drink maker's bottom line.
By Peter Adams • Dec. 10, 2019 -
Retrieved from Amazon on December 10, 2019
Nestlé looks to functionality and caffeine to refresh its water business
As sales in the category struggle, the Swiss company will introduce two new lines of the bottled beverage in 2020, Poland Spring energy water and Nestlé Pure Life Plus.
By Jessi Devenyns • Dec. 10, 2019 -
Storytelling is the top product trend for 2020, Innova says
The market research firm found companies that establish dialogues with their consumers are the most likely to connect and forge long-term loyalty.
By Jessi Devenyns • Dec. 10, 2019 -
Canopy Growth taps Constellation Brands' David Klein as CEO
Mark Zekulin, who became the sole chief executive of the cannabis company when Bruce Linton ​was fired from his position earlier this year, will be stepping down this month.
By Lillianna Byington • Dec. 9, 2019 -
Dive Awards
Disruptor of the Year: Beyond Meat
The company made 2019 the year of the plant-based burger with products appearing in grocery stores and restaurants nationwide and one of the year's hottest IPOs, which turned the eyes of many toward the segment.
By Megan Poinski • Dec. 9, 2019 -
Dive Awards
The Food Dive Awards for 2019
From Chobani's innovation in yogurt to Beyond Meat's plant-based disruption, these are the companies and executives that shaped the food industry this year.
Dec. 9, 2019 -
Retrieved from Chobani on October 15, 2019
Dive Awards
Company of the Year: Chobani
During the last year, the yogurt giant has accelerated innovation beyond its signature Greek variety, expanding into offerings made with plants, oats and nut butters.
By Christopher Doering • Dec. 9, 2019 -
Dive Awards
Deal of the Year: Ferrero buys Kellogg's cookie brands
The $1.3 billion deal brings Keebler and Famous Amos to the maker of Nutella and Ferrero Rocher's portfolio, while the cereal CPG giant can focus on its core business.
By Lillianna Byington • Dec. 9, 2019 -
Dive Awards
Startup of the Year: Ceria Brewing Co.
After launching last year, the fast-growing company has unveiled a lucrative THC-infused craft beer, expanded distribution and debuted a trendy non-infused nonalcoholic ale.
By Lillianna Byington • Dec. 9, 2019 -
Retrieved from Coca-Cola on October 23, 2019
Dive Awards
Executive of the Year: James Quincey, Coca-Cola
Since he became CEO in May 2017, Quincey has added coffee, sports drinks and sparkling water to its portfolio while innovating some of its key brands such as Diet Coke.
By Christopher Doering • Dec. 9, 2019 -
White Claw, Impossible Foods and Kind Snacks are among 2019's fastest growing brands
The food and beverage industry dominated Morning Consult's annual rankings, with 11 of the top 20 spots going to CPG brands and delivery services.
By Lillianna Byington • Dec. 5, 2019 -
Barry Callebaut sourcing more than half of its ingredients sustainably
Antoine de Saint-Affrique, CEO of the chocolate leader, said the company is "well on track" to have 100% produced this way by 2025.
By Jessi Devenyns • Dec. 5, 2019