Why B&G Foods acquired Clabber Girl for $80M

The acquisition-hungry company expects the brand, which has produced baking powder and corn starch for 150 years, to generate approximately $70 million to $75 million of net sales annually.

By Jessi Devenyns • May 16, 2019

Food companies including Nestlé, PepsiCo and Mondelez will phase out trans fats

The dozen members of the International Food and Beverage Alliance will reduce the industrially produced ingredient to 2 grams per 100 grams of fat in their products by 2023.

By Cathy Siegner • May 16, 2019

Explore the 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

Hershey's embraces emoji for summer packaging play focused on sharing

The brand's signature milk chocolate bars will feature 25 of the most popular symbols — including smiling poop — marking the first change to the candy's look in 125 years.

By Peter Adams • May 15, 2019

Aleph Farms raises $12M with investment from Cargill

The injection of capital will allow the lab-grown meat startup to accelerate product development and transform its prototype into something sold at market.

By Jessi Devenyns • May 15, 2019

Hain Celestial names North American president with turnaround experience

Kevin McGahren, who rescued American Beverage Corporation, is the newest addition to the C-suite CEO Mark Schiller is building to improve the company's growth prospects.

By Megan Poinski • May 15, 2019

Stacy's Rise Project to award $200K to female food and beverage founders

To help close the gender gap for investments, Stacy's Snacks is accepting applications for women business owners to win funding and mentorship.

By Lillianna Byington • May 15, 2019

Ruby chocolate officially enters the US and Canada

The wait is over: Barry Callebaut is now working with producers to bring the confection to North America, with products likely to appear on shelves and bakeries as soon as June.

By Megan Poinski • May 14, 2019

Kellogg goes Off the Grid with protein-packed frozen waffle brand

The product — which comes in vanilla buttermilk, cinnamon brown sugar and wild blueberry — is marketed on its website as fuel "for whatever adventure the day will bring." 

By Cathy Siegner • May 13, 2019

What are the key ingredients to highly valued food and beverage brands?

Aaron Goldstein, an investment banker at Lincoln International, says a significant part of achieving a premium M&A valuation is crafting the story, positioning the brand and articulating future growth potential.

By Aaron Goldstein • May 13, 2019

Impossible Foods raises $300M as exec touts long runway for growth

CFO David Lee said the company is facing "unprecedented demand" for its product and is considering "every strategic option" for future expansion, including an IPO.

By Christopher Doering • May 13, 2019

Hain Celestial to sell its poultry business for $80M

Now that the company has divested its protein segment, will Nestlé still be interested in a full acquisition?

By Jessi Devenyns • Updated July 1, 2019

Culture club: Why Danone is opening access to thousands of its yogurt strains

To mark the 100th anniversary of its first product, the French company said it may lead to additional uses for food and other applications.

By Cathy Siegner • May 10, 2019

Leftovers: Reddi-wip becomes an at-home Barista; crunchy crickets kick in almost any flavor imaginable

Conagra Brand's iconic spray cream — an unofficial coffee topping for years — gets a makeover to do a latte for morning drinks, and Reese's takes on a new frozen dessert form.

By Food Dive staff • May 10, 2019

Sam Adams to buy Dogfish Head for $300M

The two brewers said the transaction, which is expected to close before July, will better position the company to compete against global beer conglomerates in the craft space. 

By Christopher Doering • May 10, 2019

How CPG companies reinvent manufacturing to improve efficiency

Companies can overcome barriers to innovation by examining legacy equipment and applying the latest techniques to adapt machines, argues David Russell of PA Consulting.

By David Russell • May 9, 2019

Coca-Cola's contracts with researchers reserved the right to kill studies

The University of Cambridge found evidence of the soda giant striking agreements with five public universities to give it the ability to review and "quash" health studies.

By Jessi Devenyns • May 9, 2019

Survey: 75% of CPG companies plan to spend more on packaging

L.E.K. Consulting found nearly all manufacturers believe it is crucial to their success, with 57% developing more packaging that is easier to open and 51% working on more single-serve sizes.

By Cathy Siegner • May 9, 2019

Nestlé to exit direct store delivery for frozen pizza and ice cream, cutting thousands of jobs

The switch will result in shuttering eight frozen distribution centers and inventory transfer points, cutting out middlemen, and eventually bringing the company savings.

By Jessi Devenyns • May 8, 2019

E-tailer Boxed's private label products could take on CPGs in stores

The online retailer says it’s in talks with retailers to carry some of its 100 Prince & Spring brand products.

By Jeff Wells • May 8, 2019

Campbell Soup sells European chips brands to Valeo Foods for $80M

As the soup company looks to streamline its business and reduce debt, it decided to sell its U.K.-based Kettle Foods and Netherlands-based Yellow Chips B.V.

By Jessi Devenyns • Updated Oct. 11, 2019

Impossible Burgers run short as manufacturer 'spares no expense' to double supply

Statements from the company confirm its production capacity and a steep incline in demand has caused the shortage, and sourcing ingredients is not the issue.

By Emma Cosgrove • May 7, 2019

After exiting Beyond Meat, how will Tyson do with its own plant-based products?

In an earnings call this week, CEO Noel White said the company's reach will allow it to move quickly into the marketplace this summer.

By Lillianna Byington • May 7, 2019

$16B invested in plant-based and cell-cultured meat since 2009

The Good Food Institute noted in two reports that changing consumer attitudes and the boost in sales of meat alternatives are driving these funds.

By Cathy Siegner • May 7, 2019

Kraft Heinz loses marketing chief amid ongoing turmoil

Eduardo Luz oversaw more than 200 brands globally and spearheaded marketing for Heinz, Kraft and Planters in the U.S.

By Peter Adams • May 6, 2019

Cali'flour Foods raises millions to scale up operations

The cauliflower pizza crust maker plans to use the funding to innovate and expand grocery store sales. 

By Cathy Siegner • May 6, 2019