Corporate Operations: Page 18
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Courtesy of Waterloo Gin Company
Billionaire Patrón founder buys Waterloo gin
John Paul DeJoria wants to expand distribution of the 15-year-old botanical-infused spirits brand beyond its existing markets of Texas and Florida.
By Chris Casey • Sept. 25, 2024 -
Courtesy of Jones Soda
Jones Soda takes on Poppi with new prebiotic drinks
The beverage, which contains fiber, immune support and less sugar than similar products, is launching as consumers look for healthier options for their favorite items.
By Christopher Doering • Sept. 25, 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 -
Courtesy of Coca-Cola
Coca-Cola to discontinue its Spiced flavor after 7 months
The beverage, intended as the first permanent offering for the brand in more than three years, is being phased out in favor of a new flavor set to be introduced in 2025.
By Christopher Doering • Sept. 24, 2024 -
Permission granted by Travis Rathbone
Kylie Jenner’s Sprinter vodka soda has ambitions to transcend the ‘celebrity brand’
The canned cocktail brand, which launched earlier this year, blends premium liquor with sparkling water and fruit juice in an appeal to Gen Z.
By Chris Casey • Sept. 24, 2024 -
Courtesy of Lifeway Foods, Inc.
Danone offers to buy kefir maker Lifeway Foods for $283M
The proposal to buy the company for $25 a share comes as Lifeway’s leadership remains embroiled in a bitter family dispute and the manufacturer faces shareholder calls to sell itself.
By Christopher Doering • Sept. 23, 2024 -
Courtesy of Kraft Heinz
Kraft Heinz steak sauce heads to the dairy aisle with A1 butter
The innovation, the first outside of its signature condiment in more than five years, comes as the packaged food giant looks to generate $2 billion in incremental net sales by 2027.
By Christopher Doering • Sept. 23, 2024 -
Scott Olson via Getty Images
Hershey shuffles jobs to better align with growth
The Reese’s and Dot’s Pretzels manufacturer is laying off about 200 employees while adding dozens of new jobs in areas such as technology and data science.
By Christopher Doering • Sept. 20, 2024 -
Permission granted by Fishwife
Catching mackerel in the Shark Tank: How Fishwife became a sensation
The brand upended the $2.6 billion U.S. tinned fish market by touting its sustainability and transparency attributes while using distinctive packaging.
By Judy McGuire • Sept. 20, 2024 -
William Reagan via Getty Images
General Mills teams with grocery giant to expand regenerative agriculture
A collaboration between Ahold Delhaize USA and the consumer food company will support farmers as they transition to practices that cut greenhouse gas emissions.
By Nathan Owens • Sept. 19, 2024 -
Courtesy of Wilk
Q&AHow a dairy additive startup is finding success in precision fermentation by thinking small
Turtle Tree Labs is avoiding exposure to alternative milks or other low-margin offerings by focusing on specialty ingredients for adult nutrition and sports performance.
By Jesse Klein • Sept. 19, 2024 -
Courtesy of General Mills
General Mills sees at-home consumption rebounding after price cuts
CEO Jeff Harmening told Wall Street analysts that the cereal maker is benefiting from consumers who are eating more at home to save money.
By Chris Casey • Sept. 19, 2024 -
Courtesy of Nutrabolt
C4 partners with Hershey to bring its sweets to energy drinks, protein powders
The initial tranche of products will include the confectionery giant’s Bubble Yum, Jolly Rancher, Hershey's Milk Chocolate and Reese's brands.
By Christopher Doering • Sept. 18, 2024 -
Courtesy of Coca-Cola
Coca-Cola and Bacardi partner on ready-to-drink cocktail
The premixed beverage will be sold in several markets worldwide in 2025, with the initial launch planned for Mexico and select European markets.
By Christopher Doering • Sept. 17, 2024 -
Courtesy of PepsiCo
PepsiCo’s Gatorade debuts electrolyte powder aimed at everyday hydration
The product fills a void for the $6 billion-plus brand that is typically geared toward athletes and other physically active people.
By Christopher Doering • Sept. 17, 2024 -
Courtesy of Kind
Kind appoints Mars-insider as new CEO ‘to shape future of snacking’
Daniel Calderoni, the third executive to oversee the snack bar in four years, brings more than 20 years of experience leading consumer brands.
By Christopher Doering • Sept. 17, 2024 -
Courtesy of Nestlé
Nestlé‘s Stouffer’s launches first shelf-stable offering with macaroni and cheese
The product will compete in a segment with almost $3 billion in sales and help the CPG giant take advantage of consumer interest in shelf-stable and frozen versions of the food.
By Christopher Doering • Sept. 16, 2024 -
Courtesy of Life Cereal
Life cereal brings back Mikey to ride wave of nostalgic marketing
The picky eater kid spokesperson returns in musical ads that will appear on streaming and retail media and also include a new tagline.
By Peter Adams • Sept. 13, 2024 -
Brandon Bell via Getty Images
Cal-Maine takes majority stake of egg processor, expanding into prepared foods
A new joint venture with wrap and crepe maker Crepini comes as producers look to boost profits through a renewed focus on value-added products.
By Sarah Zimmerman • Sept. 13, 2024 -
David Ryder/Getty Images via Getty Images
OpinionHow food and beverage companies can stay ahead of the changes caused by GLP-1 drugs
Businesses can take proactive steps now to best position themselves for a competitive advantage in the face of the seismic shift these medications will have on the industry.
By Bryan Radtke and Jeremy Bartlow • Sept. 13, 2024 -
Courtesy of T. Hasegawa
T Hasegawa broadens flavor portfolio with Abelei acquisition
The purchase will add more citrus and fruit options to the company’s offerings serving the food, beverage and nutrition industries.
By Elizabeth Flood • Sept. 12, 2024 -
David McNew via Getty Images
Avocado shortages generate record profits
Mission Produce and Limoneira are seeing strong consumer demand even in the face of higher grocery store prices.
By Sarah Zimmerman • Sept. 12, 2024 -
Justin Sullivan via Getty Images
General Mills to sell North American yogurt business for $2.1B
The divestiture, which includes brands such as Yoplait and Go-Gurt, will allow the food giant to focus on faster-growing areas including snacks and pet food.
By Christopher Doering • Sept. 12, 2024 -
Christopher Doering/Food Dive
Campbell Soup CEO downplays possibility of splitting food giant
Mark Clouse expressed confidence in the company’s existing business and said a potential separation of its snacks business from its meals and beverages wasn’t imminent.
By Christopher Doering • Sept. 11, 2024 -
Christopher Doering/Food Dive
Campbell Soup is changing its name to reflect a broader portfolio
The manufacturer of chips, sauces, cookies, beverages and other offerings will ask shareholders to approve renaming the 155-year-old firm The Campbell’s Company.
By Christopher Doering • Sept. 11, 2024 -
Courtesy of Vital Farms
Vital Farms adds chief supply chain officer role
Joe Holland took helm of the newly created role on Sept. 1 and is responsible for the company’s logistics, production operations and food safety quality assurance.
By Alejandra Carranza • Sept. 10, 2024
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