Corporate Operations: Page 127
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Hain Celestial sells Arrowhead Mills and SunSpire to private equity for $15M
This marks the fifth and sixth divestitures this year as the company works toward a slimmer portfolio.
By Jessi Devenyns • Oct. 9, 2019 -
Aleph Farms 3D prints cell-cultured meat in space for the first time
The Israeli company produced steak only about .06 of an inch long, but its CEO said the process is a promising option away from Earth where water isn't available.
By Cathy Siegner • Oct. 8, 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 -
What's next for the fast-growing chickpea brand Hippeas?
Founder Livio Bisterzo said the company wants to continue scaling its distribution and outreach to become a household brand, while launching new innovations.
By Lillianna Byington • Oct. 8, 2019 -
Food as medicine, tech and diversity headline Food-X's new cohort
In exchange for a minority stake, members of the food innovation accelerator's 10th class get a three-and-a-half-month crash course in startup growth from a panel of mentors, plus $70,000 cash when they start the program.
By Jessi Devenyns • Oct. 7, 2019 -
Courtesy of Impossible Foods
Impossible Foods CEO: Plant-based competitors 'suck' and stifle industry growth
Pat Brown, who started the California company eight years ago, said other offerings in the market only serve to reinforce the idea that faux meat options "are terrible."
By Christopher Doering • Oct. 7, 2019 -
Retrieved from PepsiCo on April 23, 2019
PepsiCo's 12% increase in ad spending fuels sales growth
The food and beverage giant's net sales rose 4.3% to $17.2 billion in Q3 while its profit narrowed.
By Robert Williams • Oct. 4, 2019 -
Only 3% of agri-food tech investment dollars go to female-founded companies, study says
Investors also hold women to higher standards to justify their plans and need for funding, according to the report from AgFunder, Karen Karp & Partners and The New Food Economy in collaboration with S2G Ventures.
By Jessi Devenyns • Oct. 4, 2019 -
37% of consumers use functional food for health, Tastewise finds
The Israeli startup that distills trends from social media posts, restaurant menus, reviews and recipes also received $5 million to expand its AI prediction platform.
By Cathy Siegner • Oct. 3, 2019 -
Q&A
Kraft Heinz's R&D chief explains how iconic brands evolve for modern consumers
Cleaner labels, new line extensions and product launches are among the methods the legacy manufacturer is using to stay relevant, Amanda Young told Food Dive.
By Megan Poinski • Oct. 3, 2019 -
Noblegen readies non-GMO alternative protein from algae
The Canadian ingredients startup said it can produce a complete plant-based option with the same nutrition and functionality as one derived from an animal.
By Cathy Siegner • Oct. 3, 2019 -
Deep Dive
Turning back time: How brands tap into nostalgia to build their future
From Hostess Brands' Twinkies to B&G Foods' Green Giant vegetables, CPG companies are turning sentimental in an effort to reduce their marketing expenses and get consumers to open their wallets.
By Anastassia Gliadkovskaya • Oct. 2, 2019 -
Deep Dive
Why Chicago is the nation's capital of food and beverage manufacturing
About 4,500 companies call the metro area home today, employing about 130,000 people in manufacturing, distribution and marketing. Here's why they wouldn't be located anywhere else.
By Megan Poinski • Oct. 1, 2019 -
Babybel owner to launch hybrid dairy and plant-based cheeses
Bel Group also plans to remove artificial flavors and colors in its products by 2021 and achieve 100% recyclable or biodegradable packaging by 2025.
By Cathy Siegner • Oct. 1, 2019 -
A Misfit in juice shifts to plant-based meat
Misfit Foods, which used to turn imperfect produce into bottled drinks, says creating blended sausages aligns with the company's ethos to use the food system to save the planet.
By Jessi Devenyns • Sept. 30, 2019 -
Column
Leftovers: Snickers hopes pecan will satisfy, Soylent embraces green
The iconic Mars candy bar gets its newest filling from consumers voting for the Texas-grown nut, and Floyd's helps consumers hit the jackpot with alcoholic and CBD cherries.
By Food Dive staff • Sept. 27, 2019 -
Costco to sell plant-based burger made by Beyond Meat's former co-packer
The Better Than Beef Burger from Don Lee Farms will soon be available at the wholesale giant in six Western states, H-E-B outlets in Texas and other retailers.
By Cathy Siegner • Sept. 27, 2019 -
Retrieved from McDonald's on September 26, 2019
McDonald's trials Beyond Meat burger in Canada
The plant-based burger will be available at 28 Ontario stores starting on Monday, and marks Beyond Meat's largest restaurant partner to date.
By Julie Littman • Sept. 26, 2019 -
McCafé packaged coffee to be distributed by Keurig Dr Pepper
The previous partnership the fast food brand had with Kraft Heinz will end next year, the company says.
By Lillianna Byington • Sept. 26, 2019 -
Food companies are aligning with international sustainability goals, but need to do more, study finds
The Barilla Foundation saw a lack of detailed supply chain analysis as well as insufficient evidence of companies' corporate citizenship.
By Jessi Devenyns • Sept. 26, 2019 -
GMA will become the Consumer Brands Association in 2020
The new name for the leading trade group for the food, beverage and CPG industry reflects its new focus on people who use the products and larger issues that unite companies making items ranging from bread to bandages to beer.
By Megan Poinski • Sept. 26, 2019 -
Blue California to commercialize production of allulose sweetener
The FDA said in April the ingredient was exempt from the "total sugars" and "added sugars" line on a label, potentially making it a more attractive option for food and beverage makers.
By Jessi Devenyns • Sept. 26, 2019 -
How mobile helps Hershey manage impulse purchases
Ahead of peak candy-buying season, executives at Advertising Week shared how mobile can bring together media, distribution and customer insights.
By Natalie Black (Koltun) • Sept. 25, 2019 -
Kind takes Fruit Bites off the market with a crusade against artificial colors
Citing "retail failure," the company announced the snacks would no longer be sold in stores — and made a public display of the amount of synthetic dyes U.S. children eat on a daily basis.
By Cathy Siegner • Sept. 25, 2019 -
'Avengers' memes and cheese bunkers: Inside 1 of Kellogg's most successful launches
At Advertising Week, CMO of North America Gail Horwood dished on the premarket research and real-time response that turned Cheez-It Snap'd into a fan favorite.
By Peter Adams • Sept. 25, 2019 -
Nestlé's Awesome Burger debuts in crowded plant-based meat space
Sweet Earth founders Kelly and Brian Swette discuss their relationship with the Swiss food giant, the creation of the product and why it will beat its competitors.
By Christopher Doering • Sept. 25, 2019
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