Corporate Operations: Page 3
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Courtesy of Walmart
Food companies tackling Scope 3 emissions despite weak SEC rule: expert
Businesses will continue working to lower their indirect emissions because of pressure from retailers and state governments, according to a sustainability tech executive.
By Chris Casey • March 18, 2024 -
etiennevoss via Getty Images
From Coke to Hershey, CPGs search for their sweet spot in pack size
Consumers are increasingly interested in smaller portion sizes, as well as value-priced multipacks, for their snacks and soda. These changing sizes can have implications from production to recycling.
By Shefali Kapadia • March 18, 2024 -
Trendline
Mergers and acquisitions
While the days of transformational megadeals in the food and beverage sector have subsided, the value of M&A hasn’t lost its importance for many executives.
By Food Dive staff -
Courtesy of Keurig Dr Pepper
Keurig brewing up compostable K-Rounds as alternative to plastic coffee pods
The company is still in the process of testing the rounds and certifying them as compostable. Keurig also plans to launch a mail-back program for its polypropylene K-Cups, which are not going away.
By Maria Rachal • March 15, 2024 -
Retrieved from Frankford Candy.
ColumnLeftovers: Claussen pickles jelly beans | King Arthur slices into baking mixes
Frankford Candy is bringing together pickles and jelly beans for Easter, and trendy New York City restaurant Carbone furthers its culinary presence with a line of Alfredo sauces.
By Food Dive staff • March 15, 2024 -
Scott Olson via Getty Images
Marlboro maker Altria sells $2B stake in AB InBev
The sale is the latest headache for the alcohol manufacturer as it attempts to shake off a drop in beer consumption and fallout from a controversial 2023 marketing campaign with a transgender influencer.
By Chris Casey • March 15, 2024 -
Courtesy of Nestlé
Nestlé investors urge food giant to lessen dependence on unhealthy foods
The Lean Cuisine manufacturer disputed many of the claims outlined by the shareholder group and said it was “targeting the wrong company.”
By Christopher Doering • March 14, 2024 -
Courtesy of Nestle
ColumnThe Weekly Sip: Pizza and beer in a can? | Kylie Jenner debuts canned cocktails
Nestlé is partnering with Voodoo Ranger on an IPA based on its Tombstone frozen pizza line, and Boston Beer aims to make a splash with another hard tea line following the success of its Twisted Tea.
By Food Dive staff • March 14, 2024 -
Retrieved from Sovos Brands.
Campbell Soup a ‘compelling story’ after closing $2.7B Sovos deal
The deal, which closed Tuesday, broadens the CPG giant’s footprint in premium offerings and complements its core meals and beverage business which includes its namesake soup and V8.
By Christopher Doering • March 12, 2024 -
Courtesy of Tyson Foods
Tyson to shutter Iowa pork plant, impacting more than 1,200 jobs
The facility will be the ninth to close since early 2023 as the Arkansas-based company deals with softening demand for meat and poultry.
By Chris Casey • March 12, 2024 -
Retrieved from Liquid Death.
Liquid Death valued at $1.4B after latest funding round
The beverage maker, which is reportedly looking to go public this year, said the $67 million in new financing will be used to grow distribution and accelerate product innovation.
By Christopher Doering • March 11, 2024 -
Getty via Getty Images
Egg and chocolate prices could upend Easter: Wells Fargo
The banking giant said prices of the commodities will remain elevated through the holiday as producers deal with another year of bird flu and a harsh climate in cocoa-growing regions.
By Chris Casey • March 11, 2024 -
Chris Casey/Food Dive
WK Kellogg focusing on cereal before turning to M&A, CEO says
Five months after being spun off, Gary Pilnick is upbeat that the Rice Krispies maker can modernize its business and improve its product offerings that for years were being “deprioritized” in favor of snacks.
By Christopher Doering • March 11, 2024 -
Courtesy of Danone
Danone discontinues 2 plant-based milk options under its Silk and So Delicious brands
The decision to end production of Silk Nextmilk and So Delicious Wondermilk comes as sales in the alternative category fell in 2023 after four straight years of growth.
By Christopher Doering • March 11, 2024 -
Brandon Bell via Getty Images
Biden administration looks to lower food prices by tackling concentration in the meat industry
The USDA finalized new standards under the Packers and Stockyards Act to crack down on deceptive contracts and retaliatory practices against livestock producers.
By Sarah Zimmerman • March 7, 2024 -
Courtesy of Alaska Airlines
ColumnThe Weekly Sip: Alaska Airlines enters beer | Celsius refreshes C-suite
The airline launched an exclusive IPA crafted by Fremont Brewing for its passengers, and Angry Orchard debuted a lighter alternative to its signature hard cider ahead of spring break.
By Food Dive staff • March 7, 2024 -
Courtesy of Post Holdings
Post Holdings aims to bring Honey Bunches of Oats beyond the cereal aisle
The food manufacturer is working with a brand licensing firm to explore taking the breakfast staple into new categories such as snack bars, baked goods and ice cream.
By Christopher Doering • March 7, 2024 -
Courtesy of Hidden Valley Ranch
Hidden Valley Ranch and Cheez-It join forces for condiment collab
The dressing brand with a cult following is tapping the Kellanova-owned cracker for its new sauce designed for pairing with salty snacks.
By Chris Casey • March 6, 2024 -
Courtesy of The Kraft Heinz Not Company
Kraft Heinz enters plant-based meats with Oscar Mayer hotdogs and sausages
The CPG giant and its partner, NotCo, hope the offerings can shake up the alternative meat sector, which remains “underdeveloped and under-consumed" due to disappointing taste and texture with existing offerings.
By Christopher Doering • March 6, 2024 -
Permission granted by Kodiak
Kodiak poaches another Campbell Soup veteran for chief operating officer
In addition to naming Steve Katzenberger to the role, the high-protein, whole-grain food maker hired Sonali Dalvi as its vice president of product development.
By Christopher Doering • March 5, 2024 -
Christopher Doering/Food Dive
Innovation driving early recovery in food volumes, Conagra Brands CEO says
While shoppers continue to struggle with inflation, Sean Connolly said there are “some green shoots” and evidence that “more typical consumer behaviors” are starting to return.
By Christopher Doering • March 5, 2024 -
Courtesy of Clif Bar
Food execs signal a strong appetite for M&A in 2024
As Mondelēz, General Mills and other CPG firms scour the market for deals, high asking prices could remain a sticking point preventing some purchases from taking place.
By Christopher Doering • March 4, 2024 -
Joe Raedle via Getty Images
Anheuser-Busch avoids strike in deal with union
Though tentative, the agreement would include wage increases and improved benefits to the 5,000 manufacturing workers represented by the Teamsters.
By Chris Casey • Feb. 29, 2024 -
Christopher Doering/Food Dive
Ingredion and CPG firms deepen collaboration to accelerate product development
Jim Zallie, the ingredient supplier’s CEO, said food and beverage companies are placing a greater value on working with his company to drive innovation as product volumes drop.
By Christopher Doering • Feb. 29, 2024 -
Dave Kotinsky via Getty Images
Boston Beer names ex-Nike exec as new CEO
The leadership change comes after the company reported declining revenues and an $18 million loss in its most recent quarter, with slowing sales of Truly hard seltzer and beers like Samuel Adams.
By Chris Casey • Feb. 29, 2024 -
Permission granted by Del Monte Foods
Del Monte Foods to close 2 plants amid a ‘reset in consumer behavior’
The fruit, vegetable and broth manufacturer said it will start winding down operations at the Washington and Wisconsin facilities starting in April. More than 200 employees will be impacted.
By Christopher Doering • Feb. 29, 2024
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