Corporate Operations: Page 129
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Kind hires former Pepsi and Campbell Soup executive as CEO
Mike Barkley, who joined the snack maker last fall as president and COO, takes over for founder Daniel Lubetzky, who will become the company's executive chairman.
By Christopher Doering • Sept. 11, 2019 -
Deep Dive
Legacy veggie burgers fight to keep their sizzle in a Beyond Meat and Impossible Foods world
Conagra's Gardein, Kellogg's MorningStar Farms and Kraft Heinz's Boca have moved aggressively to keep pace as new products with a more meat-like taste and texture hit the market.
By Christopher Doering • Sept. 11, 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 -
Blue Bunny ice cream maker Wells Enterprises to buy Halo Top
With this acquisition, Wells could get closer to surpassing Unilever as the top ice cream manufacturer in the U.S.
By Cathy Siegner • Sept. 10, 2019 -
Alkaline Water Company buys celebrity-backed AQUAHydrate
Mark Wahlberg and Sean Combs, both part owners of the brand, will retain some shares as part of the all-stock deal. The new firm will have more than $65 million in sales in FY 2020.
By Megan Poinski • Sept. 10, 2019 -
Dean Foods decides against a sale after strategic review
After seven months, the Board of Directors chose to continue independent operations under the leadership of Eric Beringause, appointed CEO in July.
By Lillianna Byington • Sept. 9, 2019 -
Conagra to establish snacking innovation center in Chicago
The company is expanding its current R&D facilities with a new 40,000 square-foot space that will open in the first quarter of 2020 and employ 50 people.
By Jessi Devenyns • Sept. 9, 2019 -
Tyson invests in plant-based shrimp maker New Wave Foods
The company's venture arm took a stake in the startup, which plans to introduce its product in food service early next year.
By Cathy Siegner • Sept. 6, 2019 -
Retrieved from Kroger on September 05, 2019
Kroger launches plant-based collection
The retailer's Simple Truth line will add products including meatless burger patties and grinds, plant-based cookie dough, pasta sauces and sausages.
By Krishna Thakker • Sept. 6, 2019 -
DuPont introduces powdered emulsifier for baked goods
The company said the product is economical, easy to use and can be used in dry pre-mixes — unlike the paste form such ingredients usually take.
By Cathy Siegner • Sept. 5, 2019 -
Barry Callebaut rolls out clean-label dark cocoa powder
The Swiss company introduced Bensdorp Natural Dark, which is processed without alkali and meant for bakery and pastry applications, beverages and ice cream.
By Cathy Siegner • Sept. 5, 2019 -
Kellogg goes Incogmeato with MorningStar Farms plant-based meat launch
Along with new "bleeding" burgers, the brand will also release Chik'n tenders and nuggets, set to hit grocery stores in early 2020.
By Lillianna Byington • Sept. 5, 2019 -
Retrieved from Nestle on July 30, 2019
Nestlé to cut 172 jobs by closing Indiana frozen food facility
This is the latest in 4,000 layoffs announced in May, as the company reorganizes and moves from direct-to-store delivery to a warehouse model.
By Jessi Devenyns • Sept. 5, 2019 -
Hormel grows into plant-based meat with its new Happy Little Plants brand
The first item to roll out is a plant-based substitute made with soy protein that can be used in any recipe calling for ground meat.
By Cathy Siegner • Sept. 5, 2019 -
Judge bars AB InBev from using 'no corn syrup' labels
MillerCoors filed the lawsuit in March to retaliate for an attack in Bud Light's Super Bowl ad campaign for using the ingredient in the brewing process.
By Jessi Devenyns • Sept. 5, 2019 -
Pilgrim's Pride reaches $29M deal in wage-fixing case
The settlement was made with workers who claimed the processor worked with other poultry companies to keep pay low, according to Law360.
By Cathy Siegner • Updated July 8, 2021 -
Boston Beer is eyeing the cannabis market, CEO says
While Dave Burwick expressed interest in the trendy ingredient, he noted the company won't wade into the category for some time as it focuses on its popular hard seltzer.
By Cathy Siegner • Sept. 4, 2019 -
Deep Dive
Venture capitalists feast on food in search of big profits
Investors have pumped millions of dollars into nascent companies tied to trends such as plant based and sustainability with the hope of striking it rich.
By Jessi Devenyns • Sept. 4, 2019 -
Constellation takes minority stake in Durham Distillery
By funding the North Carolina-based distiller, known for its gin and canned cocktails, the beverage company continues its recent investments in craft alcohol makers.
By Jessi Devenyns • Sept. 3, 2019 -
Campbell Soup hires former Chobani CFO
The new finance chief will join Mark Clouse, who took over as CEO in January, as the company repositions its portfolio to better address changing consumer trends.
By Jane Thier • Aug. 30, 2019 -
Column
Leftovers: Skittles get an undead makeover; summer ends with hot dog ice cream sandwiches
Mars introduces Zombie Skittles that give consumers a chance to taste a rotten flavor, and healthy ice cream brand Enlighted is releasing keto ice cream.
By Food Dive staff • Aug. 30, 2019 -
Cell-based meat and seafood producers form alliance
Memphis Meats, Just and Finless Foods are among the founding members of the Alliance for Meat, Poultry & Seafood Innovation.
By Cathy Siegner • Aug. 30, 2019 -
Cargill invests $75M in pea protein maker Puris
The funding will enable the Minnesota company, which also supplies the ingredient to Beyond Meat, to more than double its production.
By Cathy Siegner • Aug. 29, 2019 -
Pernod Ricard to acquire Castle Brands for $223M
The French spirits company continues to grow its portfolio and expand its reach in whiskey with a string of acquisitions.
By Lillianna Byington • Aug. 29, 2019 -
Nick Jonas enters celebrity-packed tequila space
Villa One, which is being promoted at Jonas Brothers concerts before reaching the market in 2020, has artesian well water and sustainably sourced agave.
By Jessi Devenyns • Aug. 29, 2019 -
Pilgrim's Pride acquires UK pork processor for $354M
The Colorado-based chicken producer said buying Tulip will strengthen its European footprint while increasing its presence with the popular meat product.
By Cathy Siegner • Aug. 29, 2019
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