Corporate Operations: Page 272
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Sweet deal: Hostess completes first acquisition under new ownership
Hostess appears focused on innovation, categorical expansion, and aligning with the "upward indulgence trend" in baked goods.
By Carolyn Heneghan • June 14, 2016 -
SodaStream aims to soak up disappointed Keurig Kold users with limited-time promo
It's offering free SodaStream sparkling water makers to Kold owners that send in a selfie of themselves with their discontinued device.
By Carolyn Heneghan • June 10, 2016 -
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 -
B&G Foods preps Green Giant for battle in frozen foods aisle
Armed with disruptive innovations and substantial marketing support, B&G believes Green Giant can recapture market share lost to competitors like Pinnacle's Birds Eye frozen brand.
By Carolyn Heneghan • June 10, 2016 -
Hershey stock spikes on Nestle takeover rumor
Regulatory concerns squashed previous speculation of such a takeover more than a decade ago.
By Carolyn Heneghan • June 10, 2016 -
Increase in CPG exits demonstrates intensity of recent M&A activity
Mergers and acquisitions remain prevalent at all levels of the food and beverage industry, but it's likely 2016 will be a slower year than 2015.
By Carolyn Heneghan • June 10, 2016 -
Smucker sees bright future for profitability, US retail coffee
The manufacturer's profit predictions for fiscal 2017 far surpass analysts' expectations.
By Carolyn Heneghan • June 9, 2016 -
ConAgra to divest JM Swank, spend $200M on Lamb Weston plant expansion
It separately announced Thursday it stopped using PHOs in its entire spreads portfolio starting June 2.
By Carolyn Heneghan • June 8, 2016 -
Corbion expands IL facility to produce PGME emulsifiers for sweet goods
PGME emulsifiers can help manufacturers of sweet goods and baking mixes adapt recipes to PHO removal.
By Carolyn Heneghan • June 8, 2016 -
Hormel focuses on new markets for growth opportunities
The manufacturer balances internal innovation with an understanding of its R&D and operational capabilities to guide acquisition decisions and drive growth.
By Carolyn Heneghan • June 8, 2016 -
Kraft Heinz releases PA plant closure details amid ongoing merger aftermath
Lehigh Valley is one of seven plants that Kraft Heinz announced in November it would be closing by the end of 2017, affecting about 2,600 jobs.
By Carolyn Heneghan • June 8, 2016 -
McCormick acquisition strategy displays dual appetite for growth, restraint
It closed 12 acquisitions and joint ventures since 2007, all with "a consistent focus on flavor" that will carry into the future, CEO Lawrence Kurzius said at a recent conference.
By Carolyn Heneghan • June 7, 2016 -
Not so hot: Keurig pulls Kold system, lays off 130 employees
With JAB Holding now in control, it's unclear whether the Keurig Kold will reappear.
By Carolyn Heneghan • June 7, 2016 -
Nestle outlines achievements, challenges in 2015 Creating Shared Value report
The CSV and its companion reports also point out struggles that leaders face in achieving and maintaining sustainability throughout vast global supply chains.
By Carolyn Heneghan • June 7, 2016 -
JBS appoints Morgan Stanley vet Russ Colaco as spinoff's CFO
Colaco headed to JBS in February as director of strategy and corporate development after nearly a decade at Morgan Stanley.
By Carolyn Heneghan • June 7, 2016 -
Back to the Roots expands crowdfunding campaign to $10M Series A
"We decided to take on additional funds to really accelerate our impact," Back to the Roots cofounder Nikhil Arora told Food Dive.
By Carolyn Heneghan • June 6, 2016 -
Fortune 500 list sheds light on sweeping food and beverage industry moves
Constellation Brands (No. 429) jumped significantly and the freshly merged Kraft Heinz (No. 153) cemented its spot, though most of the top 100 food and beverage companies maintained a steady rank from last year.
By Carolyn Heneghan • June 6, 2016 -
Retrieved from General Mills on June 06, 2016
General Mills debuts new 'Tiny Toast' cereal brand. Is it the right market move?
For Tiny Toast to succeed, it will have to maintain positioning that resonates with consumers — easier said than done amid a competitive market.
By David Oliver • June 6, 2016 -
Unilever tops Gartner's supply chain top 25, boosted by CSR initiatives
Without this year's CSR component, Gartner's rankings may have looked different for food and beverage companies.
By Carolyn Heneghan • June 6, 2016 -
Dream tea(m): AB InBev, Starbucks partner for new RTD Teavana line
RTD tea production will enable AB InBev to better fill capacity at its breweries as U.S. beer volumes decline.
By Carolyn Heneghan • June 3, 2016 -
Hershey names Michele Buck new COO
Buck has more than 25 years in consumers goods, including various executive roles at Hershey and senior roles at Kraft/Nabisco.
By Carolyn Heneghan • June 2, 2016 -
Former PepsiCo CEO Roger Enrico dies, leaves behind noteworthy legacy
Enrico, who led the company to nearly surpass its top competitor Coca-Cola during the 1980s soda wars, died Wednesday at age 71.
By Carolyn Heneghan • June 2, 2016 -
Spam Snacks deals notable loss to Hormel
Searching for adjacencies across categories is a critical move for food and beverage manufacturers — but no product is guaranteed to score.
By David Oliver • June 2, 2016 -
Retrieved from Nestle on February 11, 2014
Report: Nestle identifies CEO Bulcke as potential successor for outgoing chairman
But could an external candidate for either the chairman or CEO role be what the company needs to meet its growth targets?
By Carolyn Heneghan • June 2, 2016 -
Coca-Cola, bottler Femsa to acquire Unilever's AdeS for $575M
With this move, Unilever further slims its underperforming food and beverage portfolio and Coca-Cola expands its non-carbonated beverage business and presence in Latin America.
By Carolyn Heneghan • June 1, 2016 -
Jim Beam overhauls bottle design, keeps Mila Kunis as spokeswoman
Jim Beam's new square bottles more closely resemble those of the Jack Daniel's brand, the U.S. whiskey category leader.
By Carolyn Heneghan • June 1, 2016