Corporate: Page 2
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Hostess to move its corporate headquarters from Missouri to Kansas
The maker of Twinkies and Ding Dongs, which will receive tax incentives and credits for the move, also will build a consumer research center next to its new office.
By Cathy Siegner • Aug. 12, 2019 -
Bumble Bee considers bankruptcy following price-fixing charge
After the company and its competitor StarKist pleaded guilty to conspiring to raise the cost of canned tuna for U.S. customers, both businesses were hit with substantial fines.
By Jessi Devenyns • Aug. 12, 2019 -
AB InBev takes another shot at the hard seltzer category
The world's largest brewer is introducing Natural Light Seltzer in a bid to attract college-age fans of the brand, but with a lower price and higher ABV than other products in the segment.
By Cathy Siegner • Aug. 12, 2019 -
3 trends in food and beverage packaging
They say you can't judge a book by its cover, but many consumers judge products by their packages. Food Dive and Grocery Dive took a look at three trends in packaging today.
By Food Dive and Grocery Dive staff • Aug. 09, 2019 -
3 investments food and grocery companies are making for the future
As food and grocery companies head into the future, they are exploring new technologies and new ideas to push their industries forward. Food Dive and Grocery Dive looked at specific places that are seeing interest and investment.
By Food Dive and Grocery Dive staff • Aug. 09, 2019 -
ColumnLeftovers: Atomik vodka creates a nuclear reaction; Twinkies shoots for the moon
Scientists created artisanal spirits made from crops grown near Chernobyl, and The Coffee Bean & Tea Leaf is celebrating the anniversary of "Friends."
By Food Dive staff • Aug. 09, 2019 -
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. 09, 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. 09, 2019 -
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 Christopher Doering • Aug. 08, 2019 -
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 Megan Poinski • Aug. 08, 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. 08, 2019 -
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. 08, 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. 08, 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. 07, 2019 -
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. 07, 2019 -
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. 06, 2019 -
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. 06, 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. 06, 2019 -
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 Anastassia Gliadkovskaya • Aug. 05, 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. 05, 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. 02, 2019 -
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. 02, 2019 -
ColumnLeftovers: 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. 02, 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. 01, 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. 01, 2019
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