Corporate Operations: Page 22
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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 -
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 -
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 -
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 -
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 -
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 -
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 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
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