Corporate Operations: Page 15
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Courtesy of Lifeway Foods
Lifeway says Danone’s latest offer ‘undervalues’ firm, but board not opposed to a sale
The kefir maker touted its ability to increase shareholder value, noting its recent growth and demand for its products from consumers interested in healthy foods.
By Christopher Doering • Nov. 26, 2024 -
SDI Productions via Getty Images
OpinionCalifornia’s food safety overhaul: From label to table
With looming compliance deadlines, companies must prepare now to make sure they’re following the state’s food ingredient and labeling laws.
By Sedina L. Banks and Sherry E. Jackman • Nov. 26, 2024 -
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 -
Chip Somodevilla via Getty Images
How RFK Jr. could shake up the food industry
Trump’s HHS pick is expected to work to eliminate processed foods from school lunches and push for the removal of dyes from cereals and other items.
By David Silverberg • Nov. 26, 2024 -
Courtesy of Oishii
Oishii nabs another $16M as it prepares to take its luxury strawberries worldwide
The funding comes as the vertical farming company enters the Chicago market and prepares to open its first international facility in Tokyo.
By Nathan Owens • Nov. 25, 2024 -
Courtesy of Sabra
PepsiCo to acquire full ownership of Sabra, Obela brands for $244M
The deal with Strauss Group will enable the CPG giant to expand its better-for-you portfolio by giving it full control over the dip and spread products.
By Christopher Doering • Nov. 22, 2024 -
Courtesy of Kraft Heinz
ColumnLeftovers: Kraft Mac & Cheese rolls out bagel flavor | Kit Kat’s new seasonal shape
The offering is the first limited-time product for the pasta and cheese dish, and Hershey launches the chocolate-wafer confection designed to look like Santa.
By Christopher Doering • Nov. 22, 2024 -
Spencer Platt via Getty Images
Investors urge Coca-Cola, Kraft Heinz, others to provide transparency on products’ health impact
Over 30 investors and asset managers asked top executives from leading food and beverage companies to annually disclose the “healthiness” of their products.
By Zoya Mirza • Nov. 21, 2024 -
Courtesy of Shiru
Q&AShiru’s CEO discusses ‘revolutionary possibilities’ of its protein AI platform
The startup’s database can help food manufacturers incorporate more functional ingredients into their products, Jasmin Hume says.
By Jennifer Lawinski • Nov. 21, 2024 -
Courtesy of Pizza Hut
ColumnThe Weekly Sip: Pizza Hut uncorks tomato wine | Anheuser-Busch spends $14M to improve Houston brewery
In other beverage news, PKN debuted a barista version of its pecan milk for lattes and cappuccinos.
By Chris Casey • Nov. 21, 2024 -
Catherine Douglas Moran/Food Dive
Trump’s tariff plan is likely to push up grocery prices, economists say
The U.S.'s reliance on food and beverages from abroad has grown, creating a potentially significant exposure under the president-elect’s plan.
By Sam Silverstein • Nov. 20, 2024 -
Courtesy of Lifeway Foods, Inc.
Lifeway rejects Danone’s second takeover offer
The kefir company said the revised $27 a-share proposal substantially undervalues” its business.
By Christopher Doering • Nov. 20, 2024 -
Permission granted by Nature's Bakery
Nature’s Bakery bucking slowdown in snack bars with healthier offering
The Mars-owned brand is posting double-digit growth and wooing consumers by solving “a real problem” with its whole grain and fruit products.
By Christopher Doering • Nov. 20, 2024 -
Kevin Dietsch via Getty Images
Ben & Jerry’s sues parent company Unilever for stifling its stance on Gaza
The ice-cream maker said Unilever threatened to “dismantle” its independent board and sue its board members if it issued a statement calling for a “ceasefire” in the region.
By Zoya Mirza • Nov. 19, 2024 -
Courtesy of J.M. Smucker
JM Smucker opens Uncrustables facility in Alabama
The food giant's $1.1 billion investment marks the third manufacturing location dedicated to the brand.
By Joelle Anselmo • Nov. 19, 2024 -
Christopher Doering/Food Dive
Nestlé to cut $2.8B in costs, separate water into standalone business
The packaged goods giant also plans to fix, rather than sell, the majority of its underperforming businesses, CEO Laurent Freixe told investors and analysts.
By Christopher Doering • Nov. 19, 2024 -
Courtesy of Electrolit
Hydration beverage maker Electrolit invests $400M in first US plant
The company, with nearly half a billion in annual sales nationwide, is doubling down on its recent success and the popularity of electrolyte-infused drinks.
By Chris Casey • Nov. 19, 2024 -
Liliboas via Getty Images
Turkey could be upstaged by other meats this Thanksgiving: CoBank
The popular holiday item faces tightened supply and lower demand than in previous years, the cooperative bank said in a report.
By Chris Casey • Nov. 18, 2024 -
Christopher Doering/Food Dive
Nestlé invests $150M to expand South Carolina frozen food plant
The Hot Pockets and Lean Cuisine manufacturer said it will add a production line as well as enhance automation and digital technology.
By Christopher Doering • Nov. 18, 2024 -
Retrieved from Lifeway Foods.
Danone boosts offer for kefir maker Lifeway Foods to $307M
In a letter, the dairy giant said it was “disappointed” by the response to its earlier $283 million proposal and noted the increased price “fully reflects the fundamental potential of the Company.”
By Christopher Doering • Nov. 15, 2024 -
CFO Editorial Staff
Tyson more than doubles profits after building ‘stronger chicken business’
Strong demand and operational efficiencies have boosted the meat giant's sales despite ongoing challenges from tighter cattle supplies.
By Nathan Owens • Nov. 14, 2024 -
Courtesy of Diageo
ColumnThe Weekly Sip: Diageo leans into luxury spirits | Cheerwine gets into the holiday spirit with ale
In other beverage news, juice maker Langers debuted a craft cola with better-for-you ingredients.
By Food Dive staff • Nov. 14, 2024 -
Retrieved from Noosa.
Campbell Soup sells Noosa yogurt to fresh foods manufacturer Lakeview Farms
The CPG giant previously said the dairy brand, which it acquired as part of its $2.7 billion purchase of Sovos Brands, was not core to its business.
By Christopher Doering • Nov. 13, 2024 -
Courtesy of Keurig Dr Pepper
Keurig Dr Pepper taps new CMO to accelerate digital-first marketing
Drew Panayiotou, most recently of Pfizer, is tasked with embracing new technology and keeping up momentum for brands like Dr Pepper.
By Peter Adams • Nov. 13, 2024 -
Permission granted by J&J Snack Foods
Dippin’ Dots to enter grocery stores for the first time
Mostly sold in amusement parks and sporting venues, the expansion brings the ice cream to thousands of new distribution points and more opportunities to reach consumers.
By Christopher Doering • Nov. 12, 2024 -
Joe Raedle via Getty Images
Kraft Heinz removes Lunchables from school lunch program
The packaged food giant said demand for the two offerings, which launched in 2023, fell short of its projections.
By Christopher Doering • Nov. 12, 2024
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