Corporate Operations: Page 19
-
Courtesy of Chomps
Chomps to open Missouri snack facility
The facility will expand the meat snack maker’s partnership with contract manufacturer Western Smokehouse Partners.
By Joelle Anselmo • Sept. 9, 2024 -
Hispanolistic via Getty Images
Are strawberries tasting worse? Tech platform says it can help fruit maintain quality
New labels track the humidity and temperature of berries and can help producers maintain a fresher, sweeter fruit.
By Chris Casey • Sept. 9, 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 -
Retrieved from Black Rifle Coffee.
Keurig Dr Pepper inks sales and distribution deal for Black Rifle Energy Drinks
The new beverage line is expected to launch in the fourth quarter and be available nationwide in early 2025. Terms of the deal were not disclosed.
By Christopher Doering • Sept. 6, 2024 -
Christopher Doering/Food Dive
Hershey names ex-PepsiCo exec as president of US confections
The Reese’s maker said Michael Del Pozzo “brings a wealth of experience,” noting his role in transforming Gatorade from a sports drink into a fitness brand.
By Christopher Doering • Sept. 6, 2024 -
Courtesy of Diageo
ColumnThe Weekly Sip: Diageo sweetens Baileys with churros | Leinenkugel’s stretches into taffy
In other beverage news, THC-infused beverage maker Blaze Mota debuted a hemp-derived variety of its canned michelada.
By Chris Casey • Sept. 5, 2024 -
Christopher Doering/Food Dive
Molson Coors latest company to revise DEI policy
The beer giant will no longer participate in a scoring system by the Human Rights Campaign and will tie executive incentives to business performance, not “aspirational representation goals.”
By Christopher Doering • Sept. 5, 2024 -
Permission granted by Hershey
Deep DiveGum manufacturers turn to innovation to keep sales from popping
With demand falling from its 2011 peak, Hershey, Mars Wrigley and other companies are turning to unique flavors, ingredients and formats to boost consumption.
By Christopher Doering • Sept. 4, 2024 -
Courtesy of Barry Callebaut
Barry Callebaut names new president for its North America operations
Natasha Chen will take over at the cocoa processor and chocolate manufacturer on Sept. 16. She succeeds Ben De Schryver who left to “pursue other opportunities.”
By Christopher Doering • Sept. 3, 2024 -
Retrieved from Parm Crisp.
Hain Celestial sells ParmCrisps to Pop Secret owner
The divestiture of the cheese crisp and snack mix brand to Our Home allows Hain to focus its portfolio and streamline its supply chain.
By Christopher Doering • Sept. 3, 2024 -
Courtesy of Tasty Bite
Tasty Bite rides the spice wave as its Indian cuisine hits its stride
As younger consumers increasingly seek out hotter flavors and more convenient meals, the Mars-owned brand believes it stands to benefit.
By Chris Casey • Sept. 3, 2024 -
CFO Editorial Staff
Tyson Foods appoints new CFO, replacing company heir
John R. Tyson, who was suspended earlier this summer following a drunk driving incident, will remain with the meat giant on health leave.
By Nathan Owens • Aug. 30, 2024 -
Hryshchyshen Serhii via Shutterstock
Are shoppers’ concerns around food inflation starting to ease?
While consumers feel they have “more or less control” over their grocery finances, they are still worried about rising food costs, new FMI research found.
By Peyton Bigora • Aug. 29, 2024 -
Scott Olson via Getty Images
‘New dynamics at play’: Jack Daniel’s maker ends DEI initiatives
Brown-Forman cited a shifting legal and external landscape for its decision, as one prominent anti-DEI activist claimed credit for putting pressure on the company.
By Ryan Golden • Aug. 28, 2024 -
The image by Tony Webster is licensed under CC BY-SA 2.0
Smithfield spins off Europe business ahead of potential US listing
The pork producer said the move would further accelerate “unique growth opportunities" in both areas.
By Nathan Owens • Aug. 28, 2024 -
Retrieved from Campbell Soup.
Campbell Soup sells Pop Secret for undisclosed amount
The divestiture to Popchips maker Our Home will allow the CPG giant to better focus its snacking portfolio and generate “accelerated growth.”
By Christopher Doering • Aug. 27, 2024 -
Courtesy of David
RXBar founder ‘betting everything on protein’ with new venture
Peter Rahal's latest brand David raised $10 million in capital and will not rely on nutrition fads to grow in the category.
By Chris Casey • Aug. 26, 2024 -
Courtesy of Kellanova
From candy giant to snacking powerhouse: What’s behind Mars’ $36B Kellanova acquisition
The purchase of the Pringles maker provides more opportunities to respond to consumer preferences and compete against PepsiCo and Mondelēz.
By Christopher Doering • Aug. 26, 2024 -
Scott Olson via Getty Images
Kraft Heinz hires Hershey’s exec as chief sales officer
Marlene Creighton will oversee the U.S. sales force at the Oscar Mayer maker and will be responsible for driving customer and channel growth.
By Christopher Doering • Aug. 23, 2024 -
Just_Super via Getty Images
AI could pose risk for food and ag companies
ADM and other businesses are disclosing potential pitfalls of artificial intelligence as the technology becomes more essential for growth.
By Nathan Owens • Aug. 23, 2024 -
Justin Sullivan via Getty Images
Nestlé names company veteran Laurent Freixe as CEO
He will replace Mark Schneider, who is resigning after eight years in the role. The change comes as the Lean Cuisine maker struggles with cash-strapped customers cutting back on spending.
By Christopher Doering • Aug. 22, 2024 -
Courtesy of Hormel
Hormel taps former Applegate president to lead retail division
The appointment of John Ghingo comes as the company plans to double down on its snacking business amid volatility in the meat sector.
By Chris Casey • Aug. 22, 2024 -
Leon Neal via Getty Images
Louis Dreyfus forms dedicated pulses unit
The processor is capitalizing on global demand for beans, peas, chickpeas and lentils, which have gained prominence as a meat alternative.
By Sarah Zimmerman • Aug. 22, 2024 -
Joe Raedle via Getty Images
AB InBev to shutter Anheuser-Busch distribution facility
The brewer’s closure of the Massachusetts plant will impact 193 jobs. It comes amid a national decline in beer volumes.
By Chris Casey • Aug. 21, 2024 -
Permission granted by Unilever
Unilever spices up Hellmann’s with flavored mayo
The brand, with more than $2 billion in global sales, has introduced new flavor options like Chipotle and Garlic Aioli to attract younger consumers and increase usage occasions for the condiment.
By Christopher Doering • Aug. 21, 2024 -
Grant Baldwin via Getty Images
Kamala Harris proposes food ‘price-gouging’ ban as part of economic platform
Trade groups had mixed reactions to the policy proposal, with FMI disputing the allegations that companies inflate the price of groceries.
By Catherine Douglas Moran • Aug. 20, 2024
Previous
