Corporate Operations: Page 132


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    Lillianna Byington
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    Industry should advocate for Trump's trade and immigration reforms, says USDA head

    The president is agriculture's "best advocate," Sonny Perdue told attendees at the United Fresh Produce Association's Washington Conference.

    By Lillianna Byington • Sept. 19, 2019
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    LifeFuels
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    Keurig Dr Pepper-backed firm launches smart nutrition bottle

    LifeFuels, in which the soda giant invested last year, allows consumers to create personalized beverages on the go while tracking their hydration goals.

    By Sept. 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
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    USDA
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    Cargill to shut down fresh and frozen turkey production at Texas plant

    The Minnesota company has closed other facilities in the past few years, including a beef plant in Milwaukee and a malt plant in North Dakota.

    By Cathy Siegner • Sept. 17, 2019
  • Plant-based meat survivor: Which brands will stay on the shelf?

    As more companies flood the space with products like faux hamburgers, only the ones with the highest quality and taste will outlast the market, Beyond Meat Executive Chairman Seth Goldman said.

    By Sept. 17, 2019
  • Opinion

    What happened to my Bud? Beverage makers flock to CBD-infused drinks

    Beer and other drink companies are concerned that consumers would trade in their product for one with the cannabis compound —  providing the high but without the calories.

    By Tom Newmaster • Sept. 17, 2019
  • Oreo debuts Alexa integration to help fans guess mystery flavor

    It will provide clues for guessing the new variety and place direct voice orders. 

    By Robert Williams • Sept. 16, 2019
  • Are big CPG companies getting serious about reducing plastic packaging?

    Nestlé's new research institute will devise more environmentally friendly solutions, and PepsiCo plans to reduce the amount of virgin plastic in its beverage containers by 2025.

    By Cathy Siegner • Sept. 16, 2019
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    Danone North America
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    Column

    Leftovers: Yogurt gets a caffeinated boost, MillerCoors brews hard coffee

    Danone is launching Oikos Pro Fuel, a drinkable yogurt packed with 100 milligrams of caffeine; and Kellogg's Rice Krispies Treats partnered with Autism Speaks to create sensory love notes.

    By Food Dive staff • Sept. 13, 2019
  • Redefine Meat​ raises $6M to produce 3D-printed meat alternatives

    The Israeli startup said it can produce animal-free meat with the same appearance, texture and flavor as the traditional version. It hopes to enter mass production in 2021.

    By Cathy Siegner • Sept. 13, 2019
  • Canopy Growth's CFO predicts long-term growth following rocky summer

    The Canadian cannabis company has endured a challenging 2019 that has included the surprise firing of its co-CEO and strained relations with its major investor, Constellation Brands.

    By Jane Thier • Sept. 13, 2019
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    Christopher Doering
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    Organic cheerleaders optimistic as growth in popular category slows

    Panelists at Expo East spoke about the segment that has posted a growth rate of 5.9% in 2018 compared to increases of 6.4% a year earlier and 12.2% in 2013.

    By Sept. 13, 2019
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    Socati
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    Socati CEO wants to fill the 'void in the market' for CBD ingredients

    In recent months, the company has launched new products, raised $40 million and acquired a manufacturing facility to scale its production.

    By Lillianna Byington • Sept. 12, 2019
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    Magic Spoon
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    Magic Spoon gets $5.5M in seed funds to reinvent the cereal category

    The money will be used to expand the direct-to-consumer business, hire more people, increase marketing and create new flavors. 

    By Sept. 12, 2019
  • StarKist hit with maximum $100M fine in tuna price-fixing case

    In addition to the financial penalty, a federal judge in California put the company on 13 months of probation for conspiring to set U.S. prices.

    By Cathy Siegner • Sept. 12, 2019
  • Innophos looking into options — including sale, report says

    This appears to be a turn in strategy from the New Jersey-based maker of specialty ingredients, which was working toward growth through acquisitions two years ago.

    By Cathy Siegner • Sept. 12, 2019
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    Kite Hill
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    Kite Hill attracts $10M more to boost plant-based dairy products

    The California-based maker of yogurt, cheese and dips sourced from almond milk plans to use this latest investment on innovation, infrastructure, people and marketing.

    By Cathy Siegner • Sept. 11, 2019
  • New Culture Foods leadership team
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    Courtesy of New Culture Foods
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    Kraft Heinz's VC fund leads $3.5M round for animal-free dairy cheese maker

    Sales continue to drop for the CPG giant, but emerging startup New Culture could help it tap into a new consumer base. 

    By Cathy Siegner • Sept. 11, 2019
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    KIND Healthy Snacks
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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 Sept. 11, 2019
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    Christopher Doering
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    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 Sept. 11, 2019
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    Halo Top
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    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
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    AQUAHydrate
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    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 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
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    Conagra Brands
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    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
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    Retrieved from Kroger on September 05, 2019
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    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