Corporate Operations: Page 138
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Co-founders of cricket protein bar company Exo branch out into cereal
Gabi Lewis and Greg Sewitz launched Magic Spoon to overhaul a category they described as "stale yet massive" by using nostalgic branding and a better-for-you nutritional profile.
By Cathy Siegner • April 11, 2019 -
Yogurt sales tumble after a decade of growth
The decline may be attributed to the fact that consumers have more choices than ever, including plants-based, low-sugar and Icelandic, French and Australian options.
By Cathy Siegner • April 10, 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 -
Nestlé's cold cuts business could attract interest from Smithfield, Tyson Foods
The sale of the Swiss company's Herta Charcuterie may be valued between $800 million to $1 billion, sources told Bloomberg.
By Jessi Devenyns • April 10, 2019 -
Kind exposes sugar content in its competitors' products
The company this week debuted an augmented reality display and an online database to showcase hidden sweeteners and sugars in packaged foods.
By Lillianna Byington • April 10, 2019 -
Is Maine's proposed extraction tax the latest attempt to squeeze bottled water?
The state's legislature is considering a fee on companies taking more than 1.5 million gallons from underground sources for commercial bottling — which seems to target Nestlé's Poland Spring.
By Cathy Siegner • April 9, 2019 -
Post files for IPO of active nutrition business
The company plans to list the segment containing PowerBar, Premier Protein and Dymatize under the name BellRing Brands.
By Jessi Devenyns • Updated Sept. 23, 2019 -
Q&A
McCormick's executive chef on the company's global search for the next big flavor
Kevan Vetter said in an interview that demand for new tastes shows no sign of losing momentum as Gen Z and millennials want different flavors they can try at restaurants and incorporate into their own meals.
By Christopher Doering • April 8, 2019 -
Kashi works with Gen Z influencers to develop Super Food Bites
The brand used a focus group to redefine snacks for the new generation and developed these filled, soft baked bite-sized treats.
By Jessi Devenyns • April 8, 2019 -
How a water safety plan could help avoid leafy green outbreaks
After the recent romaine lettuce recalls, Bonduelle Fresh Americas is now requiring growers to treat everything used for overhead irrigation during the final three weeks of harvest.
By Cathy Siegner • April 8, 2019 -
Christopher Doering/Food Dive
Deep DiveRestaurant brands bring recognition, familiarity and innovation to Big Food's menu
From Conagra's P.F. Chang's frozen meals to Nestlé's California Pizza Kitchen line, these products stand out on a crowded grocery shelf.
By Christopher Doering • April 8, 2019 -
Retrieved from Kraft Heinz on April 05, 2019
ColumnLeftovers: Lunchables join the breakfast club, Ben & Jerry goes dough
The all-in-one lunchbox staple packs itself for brunch, and Kraft Heinz continues mixing condiments with Kranch.
By Food Dive staff • April 5, 2019 -
Why Tofurky accepted $7M of private funding
The plant-based protein maker had not received outside money in its more than 30 years. It plans to use this investment for new equipment, innovations and scaling production capacity.
By Cathy Siegner • April 5, 2019 -
Kraft Heinz's VC fund makes first investment in GrubMarket
Evolv Ventures participated in the $25 million funding round for the delivery service that sources organic and local food directly from producers.
By Cathy Siegner • April 5, 2019 -
Food industry M&A deals dropped by 11% last year, study finds
For the first time since 2015, activity in the food space has declined — showing a slowdown has arrived and will likely continue, according to The Food Institute.
By Jessi Devenyns • April 5, 2019 -
Nestlé invests in mitochondrial health ingredient
In its partnership with Amazentis, the company has an equity stake in return for global rights to use Urolithin A technology for foods and beverages, dietary supplements and medical nutrition products.
By Cathy Siegner • April 4, 2019 -
How a US-Mexico border shutdown could hurt the food industry
In just three weeks, Americans could run out of avocados if shipments from Mexico are stopped. About 40% of imported fruit and half of vegetables come across the border.
By Lillianna Byington • April 3, 2019 -
'Keep it real, eat the peel': Rind Snacks appeals to consumers with sustainability and nutrition
About 15% of the 1.3 billion tons of food waste generated annually is edible peels, the company's founder said. His dried fruit snacks are aimed at lowering this figure.
By Lillianna Byington • April 3, 2019 -
Another chicken price-fixing lawsuit filed, now from CPG companies
The plaintiffs claim breeder hens were destroyed to reduce the chicken supply from 2008 until 2016, inflating wholesale prices nearly 50%.
By Jessi Devenyns • April 3, 2019 -
Molson Coors unveils direct-to-consumer shopping platform
The beer giant launched an e-commerce site for its Blue Moon brand in April after unveiling a similar concept for Coors Light two months earlier.
By Jessi Devenyns • April 3, 2019 -
Cannabis investor takes 9.8% stake in Jones Soda
Sol Global is now the premium beverage maker's largest stockholder, potentially signaling that infused craft soda could be in the works.
By Cathy Siegner • April 2, 2019 -
Keurig Dr Pepper to distribute Runa Clean Energy drink
The organic beverage, which is made with the guayusa leaf, will be sold nationwide with the goal of challenging market leaders Red Bull and Monster.
By Cathy Siegner • April 2, 2019 -
Salt Institute shuts down as new dietary policy discussion begins
The trade association didn't give any specific reasons for closing and its board said the group had made a positive impact over the years demonstrating "the essential nature of salt in our daily lives."
By Cathy Siegner • April 2, 2019 -
Burger King pilots Impossible Whoppers
If the QSR expands its plant-based limited-time offer to all 7,200 U.S. stores, it would become the largest chain to offer the product systemwide.
By Kevin Whiteley • April 2, 2019 -
A.T. Kearney bullish on M&A in CPG, retail spaces in 2019
A survey of more than 100 C-level executives found 88% expected deal-making to be "equal or better than 2018 levels" due partly to falling asset prices and a search for growth.
By Christopher Doering • April 2, 2019 -
PepsiCo taps company veteran as CEO for North American foods
Steven Williams, senior vice president and CCO for Frito-Lay's U.S. operations, will replace Vivek Sankaran, who will be Albertsons' president and CEO.
By Cathy Siegner • April 1, 2019
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