Corporate Operations: Page 142


  • AB InBev buys craft brewer Platform Beer

    As sales of its signature beers decline, the company has been adding smaller producers to the fold, including Goose Island, Devils Backbone and Wicked Weed.

    By Cathy Siegner • Aug. 9, 2019
  • Tyson looks to robotics for the future of meatpacking

    Engineers at the Arkansas pork, beef and poultry giant are working to create robots that will ease staff shortages and do jobs that may be dangerous or highly repetitive.

    By Jessi Devenyns • Aug. 9, 2019
  • A person in a grocery store putting items in a smart cart. Explore the Trendline
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    Courtesy of Instacart
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    Trendline

    Top 5 stories from Food Dive

    The food and beverage industry is changing rapidly and the actions companies take this year are likely to play a major role in defining their future. 

    By Food Dive staff
  • Report: DuPont may sell its food additives and ingredients unit for $20B

    The fast-growing division could be an attractive target for companies such as Kerry Group or International Flavors & Fragrances, Bloomberg reported.

    By Aug. 8, 2019
  • Heinz Ketchup
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    "Heinz" by Mike Mozart is licensed under CC BY 2.0
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    As Kraft Heinz stock drops to its lowest-ever price, CEO lays out ambitious improvement plans

    Sales, earnings and revenues all declined and a $1.2 billion writedown was tallied as the CPG giant withdrew its future guidance. Its new leader vowed to return the company to both top- and bottom-line growth.

    By Aug. 8, 2019
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    Arizona Beverage Company
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    New Arizona Beverages partnership will create THC-infused goods

    By licensing its brand name for products using one of the industry's trendiest ingredients, the iced tea maker hopes to reinvigorate sales, which have slid over the last few years.

    By Jessi Devenyns • Aug. 8, 2019
  • Diageo takes majority stake in nonalcoholic spirits brand Seedlip

    The alcohol giant initially invested in Seedlip in 2016, which marked its first stake in a teetotaling brand of distilled spirits.

    By Cathy Siegner • Aug. 8, 2019
  • Chapul exits insect protein bars after co-packer goes out of business

    While the Utah company didn't rule out a return to the space, it will now turn its attention to raising fly larvae for fish and poultry feed.

    By Cathy Siegner • Aug. 8, 2019
  • Dean Foods stock down more than 30% in a day as earnings continue to drop

    The beleaguered milk processor blamed some of its $64.5 million net loss in Q2 on a consumer shift to more water products and plant-based beverages.

    By Cathy Siegner • Aug. 7, 2019
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    Christopher Doering
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    Post Holdings invests in demand planning to cut costs

    Several brands within its portfolio share similar supply chain attributes — like sourcing and processing — that haven't been combined, creating the potential for significant savings. 

    By Emma Cosgrove • Aug. 7, 2019
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    Flickr
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    Kellogg to lay off 108 employees in Atlanta plant shutdown

    "While this decision is the right thing to do for our business, it is never an easy decision to make when people are impacted," spokesperson Kris Bahner told Food Dive. 

    By Lillianna Byington • Aug. 6, 2019
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    Tyson Foods
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    Tyson's plant-based nuggets to launch in 4,000 stores next month

    "This kind of quick start demonstrates the capabilities and scale and national reach" of the company, CEO Noel White said on an earnings call.

    By Cathy Siegner • Aug. 6, 2019
  • Pernod Ricard gets bigger with TX premium whiskey

    This deal comes on the heels of the French spirits giant acquiring Rabbit Hole Whiskey in June as it looks to bring brands into its portfolio with “unique and comprehensive value propositions."

    By Jessi Devenyns • Aug. 6, 2019
  • Climate change threatens production of non-dairy ice cream

    An increase in tropical storms poses a risk to the coconut supply from Southeast Asia, forcing some manufacturers to look for substitutes such as tofu and lab-made milk.

    By Cathy Siegner • Aug. 5, 2019
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    Superior Cake
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    Hostess sells Superior Cake to Sara Lee for $65M

    The divestiture comes just three years after the Twinkies maker acquired the in-store bakery company for $51 million.

    By Aug. 5, 2019
  • Column

    Leftovers: French's scoops mustard-flavored ice cream; Baby Shark comes to breakfast bowls

    McCormick & Co. and Coolhaus are partnering on a bright yellow frozen dessert based on the condiment, and fall is coming even earlier this year with the launch of Pumpkin Spice Latte creamers. 

    By Food Dive staff • Aug. 2, 2019
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    Pact
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    Why Tyson is developing the functional snack Pact

    The protein giant has been looking elsewhere to continue its growth, and this new brand will be full of health-minded consumers' favorite ingredients. 

    By Jessi Devenyns • Aug. 2, 2019
  • Tomato harvesting robot grows $1.5M in seed funding

    Israeli startup MetoMotion plans to use the investment to bring its first product to market and offer vegetable farmers a solution to today's labor shortage.

    By Cathy Siegner • Aug. 2, 2019
  • Survey: 1 in 5 US adults fear their diet could kill them

    The nationwide study by Spoon Guru revealed 40% of American consumers worry they will develop serious illnesses because of unhealthy eating.

    By Cathy Siegner • Aug. 1, 2019
  • Manischewitz to sell its kosher food business to Kayco

    After a number of ownership changes during its long history, the well-known manufacturer of Jewish foods is being acquired by one of the largest kosher food distributors. 

    By Cathy Siegner • Aug. 1, 2019
  • Impossible Burgers are coming to grocery shelves in September

    The plant-based burger maker announced a large co-packing agreement with OSI Group and received FDA approval for the soy-derived "bleeding" ingredient to be used as a colorant.

    By Jessi Devenyns • Aug. 1, 2019
  • Molson Coors CEO retires as US sales continue to slide

    Mark Hunter's departure comes as the alcohol giant struggles to premiumize and modernize its portfolio and move beyond beer with nonalcoholic cannabis-infused beverages.

    By Aug. 1, 2019
  • Caffeinated bar maker Verb Energy raises $3.5M to expand

    The company plans to use the funding to hire more staff, develop additional energy products and grow its text-message-based subscription program.

    By Cathy Siegner • July 31, 2019
  • Rising aluminum costs hit Heineken

    It has been an issue for beer makers for several quarters, but other companies' troubles come from a different source.

    By Emma Cosgrove • July 31, 2019
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    Retrieved from Nestle on July 30, 2019
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    Report: Nestlé, Danone and Yili are the world's most valuable food brands

    Performance, business strategy, acquisitions and product quality kept these companies at the top of Brand Finance's annual rankings.

    By Cathy Siegner • July 31, 2019
  • Beyond Meat's restaurant and foodservice revenue skyrockets 486%

    The division raked in $53.8 million in the first half of the year, driving half of the plant-based company's revenue just three months after its IPO. 

    By July 30, 2019