Corporate Operations: Page 23
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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 -
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 -
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 -
Courtesy of Lake Hour
Marvel actor and film producer partner on nostalgic canned cocktails
Lake Hour, co-founded by Wyatt Russell, aims to offer a more appealing, less sugary alternative to mainstream hard seltzer brands.
By Chris Casey • Aug. 20, 2024 -
Permission granted by Bush Brothers
Can canned food outlast competition from flexible plastic alternatives?
With consumers feeling squeezed by inflation, food companies like Bush’s Beans and suppliers such as Sonoco see cans as a reliable space to grow in while also meeting sustainability goals.
By Shefali Kapadia • Aug. 19, 2024 -
Courtesy of High Noon Spirits Company
Deep DiveHard seltzer started a new category, but will canned cocktails sustain momentum long term?
The push for premium RTD beverages is relying on real spirits and unique flavors to keep the ball rolling.
By Chris Casey • Aug. 19, 2024 -
Courtesy of Lifeway Foods, Inc.
Lifeway Foods family feud heats up as shareholders push CEO to resign
The brother and mother of CEO Julie Smolyansky are accusing the executive of steering the company off course.
By Chris Casey • Aug. 16, 2024 -
Scott Olson via Getty Images
Extreme heat is destroying corn crops around the world. US exporters could see a boost.
Unfavorable growing conditions in Europe and South America may be a bright spot for U.S. farmers as they struggle to offload record supply.
By Sarah Zimmerman • Aug. 15, 2024 -
Mario Tama via Getty Images
Snacking supernova: Kellanova CEO says purchase by Mars will spark innovation
Steve Cahillane, who plans to exit the company after the deal goes through, said in an interview the nearly $36 billion acquisition will help the Pringles producer grow in new markets.
By Chris Casey • Aug. 15, 2024 -
Courtesy of Molson Coors
Tilray to acquire 4 craft beer brands from Molson Coors
The purchase allows the cannabis producer to continue growing its presence in the alcohol category and comes as the Coors Banquet brewer seeks to pare down its portfolio.
By Chris Casey • Aug. 14, 2024 -
Courtesy of Kellanova
Snickers owner Mars to buy Kellanova for $35.9B
The deal for the Cheez-It and Pringles maker is the biggest in the food space since the Kraft Heinz merger in 2015. It gives the gum and candy giant a dominant presence in savory snacks where it currently has little exposure.
By Christopher Doering • Aug. 14, 2024 -
Courtesy of Upside Foods
Upside Foods sues Florida over cultivated meat ban
The lawsuit claims the state’s ban on cultivated meat is unconstitutional and only seeks to protect local meat producers from competition.
By Elizabeth Flood • Aug. 13, 2024 -
Christopher Doering/Food Dive
Deep DiveYou can’t ‘replicate a Celsius’: How the energy drink maker evolved from an unknown to category giant
Revenue has doubled each of the last two years as its beverage’s functional attributes, better-for-you halo and novel flavors resonate with mainstream consumers.
By Christopher Doering • Aug. 13, 2024 -
Courtesy of Mondelez International, Coca-Cola
Oreo, Coca-Cola partner to create drink and cookie combining the iconic brands
The limited-time offerings will be available in grocery and convenience stores in the U.S. and other select markets around the world starting in September.
By Christopher Doering • Aug. 13, 2024 -
Courtesy of Marlow Ingredients
Quorn to launch blended meat-mycoprotein products by end of the year
The ingredient, which seeks to push back against the “exclusive” perception of plant-based products, will be available in a blended form across a variety of foodservice operators.
By Elizabeth Flood • Aug. 12, 2024 -
Retrieved from Sweetwood Smoke & Co..
Conagra Brands acquires premium meat stick brand Fatty
CEO Sean Connolly said the purchase, which complements its Slim Jim and Duke’s offerings, “is another step in reshaping our portfolio for faster growth.”
By Christopher Doering • Aug. 12, 2024 -
Courtesy of Bacardi North America
ColumnLeftovers: Bacardi teams up with Tipsy Scoop | Utz unveils cheesy and cinnamon snack flavors
The alcohol-infused ice cream maker is launching an Ocho Guava Daiquiri variety, and Bob’s Red Mill expands its lineup of pancake and waffle blends.
By Chris Casey • Aug. 9, 2024 -
Joe Raedle via Getty Images
Tyson taps new president of international sales
Devin Cole, who recently rejoined the company to lead its global McDonald’s business, is taking over responsibilities from Amy Tu, who is retiring.
By Nathan Owens • Aug. 9, 2024 -
Justin Sullivan via Getty Images
ColumnThe Weekly Sip: Molson Coors faces declining beer demand | Nestlé brings Kit Kat into Coffee mate
The brewer said offerings such as Coors Banquet are helping drive sales despite a decline in total volume, and a U.K. canned cocktail brand hopes to make a statement in a crowded category.
By Chris Casey • Aug. 8, 2024
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