Corporate Operations: Page 28
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Courtesy of Hershey's
Hershey buys candy brand Sour Strips for undisclosed amount
The Reese’s manufacturer said the purchase expands its sweets portfolio and increases its ability to reach new consumers across more snacking occasions.
By Christopher Doering • Nov. 8, 2024 -
Courtesy of Molson Coors
Molson Coors to shutter Leinenkugel’s brewery in Wisconsin
The brewer said it is moving manufacturing to its larger Milwaukee facility to cut costs.
By Chris Casey • Nov. 8, 2024 -
Explore the Trendline➔
Courtesy of Instacart
TrendlineTop 5 stories from Food Dive
The food and beverage industry is changing rapidly and the actions companies take this year are likely to play a major role in defining their future.
By Food Dive staff -
Courtesy of Molson Coors
Molson Coors buys majority stake in Zoa energy drinks
The beverage giant will now control marketing and retail operations for the better-for-you brand, which was co-founded by Dwayne “The Rock” Johnson.
By Chris Casey • Nov. 7, 2024 -
Courtesy of Goodness
How Oreo’s new DTC platform fits into Mondelēz’s evolving data strategy
The cookie brand’s work with digital commerce agency Goodness is at the core of its marketing transformation agenda.
By Chris Kelly • Nov. 7, 2024 -
Christopher Doering/Food Dive
How General Mills found business value in generative AI
The company drew on its experience developing machine learning solutions to manage the deployment of its MillsChat tool, according to Jaime Montemayor, chief digital and technology officer at General Mills.
By Matt Ashare • Nov. 6, 2024 -
Courtesy of Lifeway Foods, Inc.
Lifeway Foods rejects Danone’s $283M ‘opportunistic’ takeover offer
The keifer maker said its board determined that the “proposal substantially undervalues” the company and was not in the best interest of its shareholders.
By Christopher Doering • Nov. 5, 2024 -
Christopher Doering/Food Dive
Food and beverage M&A activity appears to be picking up: CoBank
Consumer interest in better-for-you snacking and struggles in plant-based meat alternatives could make these sectors attractive for dealmaking, the bank cooperative noted.
By Christopher Doering • Nov. 4, 2024 -
Courtesy of Kellanova
Kellanova sales rise as shareholders approve Mars merger
The Cheez-It manufacturer expressed optimism for a strong 2025 as it continues to see robust demand for its snack products.
By Chris Casey • Updated Nov. 4, 2024 -
Christopher Doering/Food Dive
Celsius Holdings boosts innovation, production capacity with $75M co-packer purchase
The beverage company said the acquisition provides it with the flexibility to grow in a competitive energy drink market forecast to reach $30 billion in five years.
By Christopher Doering • Nov. 1, 2024 -
Courtesy of Nestlé
ColumnLeftovers: Nestlé unveils Coffee mate Cold Foam | Butcherbox bundles holiday meat and whisky
The CPG giant is capitalizing on the growth of specialty iced coffee made at home, and better-for-you pasta brand Goodles cooks up gluten-free noodles.
By Food Dive staff • Nov. 1, 2024 -
Courtesy of Coca-Cola
Coca-Cola relaunches Mexican soft drink brand Barrilitos in California and Texas
The beverage manufacturer said the fruity offering, which first launched in 1938, appeals to consumers craving nostalgia and a connection to heritage and authenticity.
By Christopher Doering • Nov. 1, 2024 -
Justin Sullivan via Getty Images
How companies can stay agile in the wake of a recall
Recent food recalls have roiled some big CPGs. An expert lays out what companies should and shouldn’t do when faced with the challenge.
By Elizabeth Flood • Nov. 1, 2024 -
Permission granted by PepsiCo
PepsiCo to shutter 3 more bottling plants, lay off hundreds
The closing of locations in Ohio, Pennsylvania and Georgia comes just days after the beverage giant abruptly shut down a Chicago facility.
By Christopher Doering • Oct. 31, 2024 -
Courtesy of Lactalis USA
Lactalis USA spending $55M to expand feta cheese production
The 38,000-square-foot manufacturing line, which will be operational in 2027, comes as the cheese variety grows in popularity with American consumers.
By Christopher Doering • Oct. 30, 2024 -
Courtesy of Jones Soda
Jones Soda loses another CEO as turnover continues
The beverage company will be run by its chairman on an interim basis as it searches for another executive to take over the top post.
By Christopher Doering • Oct. 29, 2024 -
Michael M. Santiago / Staff via Getty Images
PepsiCo to shutter Chicago bottling plant, laying off more than 100 workers
The union representing the employees sharply criticized the closure, noting that the beverage giant failed to provide the required 60-day notice.
By Christopher Doering • Oct. 29, 2024 -
Adeline Kon/Food Dive
Deep DivePolitical donations from 15 of the largest US food and beverage makers plunge
Contributions from entities associated with these companies totaled $4.5 million during the 2024 election cycle compared to $8.2 million four years ago.
By Christopher Doering , Jasmine Ye Han • Oct. 28, 2024 -
Permission granted by Chunk Foods
Chunk Foods brings its plant-based whole cuts to US retailers
CEO Amos Golan said the Israel-based company’s proprietary fermentation technique allows it to stand out in the struggling category.
By Elizabeth Flood • Oct. 28, 2024 -
Courtesy of Hormel
Hormel sells its heath foods business for undisclosed amount
The Spam manufacturer said the unit, which makes offerings for consumers facing conditions such as diabetes and cancer, is “very solid and can grow with the right partner.”
By Christopher Doering • Oct. 25, 2024 -
Getty Images
Deep DiveBig Ag is spending big on lobbying and the 2024 election
Political spending from the food and agriculture sector has increased, with a record $178 million spent on lobbying alone in 2023. Experts saying rising polarization may play a role.
By Sarah Zimmerman • Oct. 25, 2024 -
Retrieved from Ghost.
Keurig Dr Pepper to buy energy drink brand Ghost for more than $1B
The acquisition expands the beverage giant’s presence in the fast-growing category and deepens a portfolio that also includes water, soda, coffee and juice.
By Christopher Doering • Oct. 24, 2024 -
Retrieved from Campbell Soup.
ColumnThe Weekly Sip: V8 Energy warms up for winter | NYC startup aims to be the ‘light beer of hard seltzer’
In other beverage news, Best Day Brewing says its total investments in 2024 have risen to $22.5 million as consumer interest in non-alcoholic beers continues to grow.
By Food Dive staff • Oct. 24, 2024 -
Courtesy of Wayne-Sanderson Farms
Wayne-Sanderson Farms names new CEO
Chief Operating Officer Kevin McDaniel will lead the third largest poultry producer in the U.S. following the retirement of Clint Rivers next year.
By Sarah Zimmerman • Oct. 23, 2024 -
Courtesy of The J.M. Smucker Company
J.M. Smucker to sell Voortman cookies for $305M
The deal with Brownie Brittle's owner, Second Nature, is the latest effort by the CPG giant to refine its portfolio and concentrate on its biggest growth opportunities.
By Christopher Doering • Oct. 22, 2024 -
Permission granted by Impossible Foods
Does Impossible’s new ADA label signal a change in messaging for the company?
From new packaging to a new health label, the plant-based pioneer is reinventing its messaging profile in not so subtle ways. Will it work?
By Elizabeth Flood • Oct. 22, 2024
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