Corporate Operations: Page 30
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Courtesy of Quaker Chewy Granola
PepsiCo’s Quaker Oats plant in Illinois to close, laying off 510 employees
The food giant said the facility, recently impacted by a recall, would have required “an extended closure for enhancements and modernization.”
By Christopher Doering • April 11, 2024 -
Permission granted by Conagra Brands
Conagra Brands to close Wisconsin Birds Eye plant and lay off 252 people
The packaged food giant said it regularly evaluates its production network to ensure it is “operating as effectively and efficiently as possible” in order to remain competitive.
By Christopher Doering • April 10, 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 -
Joe Raedle via Getty Images
Kraft Heinz’s Lunchables have high amounts of sodium and lead, Consumer Reports finds
The watchdog group said the popular meal kit marketed toward kids should not be allowed on school menus and urged the USDA to remove it as an option.
By Christopher Doering • April 10, 2024 -
Drew Angerer / Staff via Getty Images
Consumers trading down to less expensive meat: survey
Data from retail data science, insights and media company 84.51° found 43% of consumers are cooking dishes with less meat because of high grocery costs.
By Chris Casey • April 9, 2024 -
Courtesy of Hain Celestial
Hain Celestial sells Thinsters cookie brand to Dippin’ Dots owner
The divestiture to J&J Snack Foods for an undisclosed amount allows the organic and natural products giant to streamline its portfolio and reduce debt.
By Christopher Doering • April 9, 2024 -
Courtesy of Godiva
Godiva names former Nike executive as president to boost sales
The appointment of Steve Lesnard comes as owner Pladis looks to significantly expand the premium chocolate brand's reach in the U.S. and globally by 2026.
By Christopher Doering • April 8, 2024 -
Permission granted by Nestle
Q&AHow Nestlé generated $200M in additional revenue by looking within
The food giant launched a program in 2019 to better utilize ideas from its employees. Thousands of ideas have been received, leading to new products such as Stouffer’s Mac & Cheese Bite-Fulls.
By Christopher Doering • April 8, 2024 -
Courtesy of Kellanova
Kellanova bites into sweet snacks with Pop-Tarts Crunchy Poppers
The launch comes as the company aims to capitalize on its household name brands to grow its presence in the snacking category.
By Chris Casey • April 5, 2024 -
Courtesy of Kraft Heinz
ColumnLeftovers: Kraft capitalizes on aioli craze | General Mills brings Old El Paso into soups, cornbread
The condiment and sauce giant is launching five new offerings including Buffalo Style Mayonnaise, and Cup Noodles’ maker infuses the flavor of everything bagel cream cheese for its latest breakfast ramen.
By Food Dive staff • April 5, 2024 -
David Silverman via Getty Images
Dairy farmers urged to beef up biosecurity amid bird flu concerns
As more cases are being detected across the U.S., producers are encouraged to closely monitor for sick cattle, limit herd movement and wear protective gear.
By Nathan Owens • April 5, 2024 -
Courtesy of Coors Banquet
Why Coors Banquet believes it is thriving in a flailing beer category
The brand attributed its sales growth to nostalgia and its legacy brand status, as parent company Molson Coors faces an ongoing strike at one of its plants.
By Chris Casey • April 4, 2024 -
Permission granted by Tony's Chocolonely
Former Starbucks CEO Howard Schultz invests in Tony’s Chocolonely
The producer of slave-free chocolates said it will benefit from the coffee chain executive’s “extensive experience” in building a global consumer brand and company.
By Christopher Doering • April 3, 2024 -
Scott Olson via Getty Images
After collapse of Cooks Venture, chicken farmers look for answers
Poultry growers face stress and financial hardship from the sudden closure of an Arkansas-based company. State intervention made things worse, they say.
By Nathan Owens • April 3, 2024 -
Brandon Bell via Getty Images
Cal-Maine ceases operations at Texas facility after bird flu detected
The nation’s largest egg producer depopulated nearly 2 million birds as a result of the outbreak as cases now mount in U.S. dairy herds.
By Nathan Owens • April 3, 2024 -
Courtesy of Casa Azul
Tequila takeover: Casa Azul’s new CEO says natural ingredients drive the future of cocktails
Dennis Carr, who took the reins of the agave-based soda brand last month, said drinkers are shifting to spirits because of their lower calorie count as malt-based RTD offerings see a decline.
By Chris Casey • April 2, 2024 -
Scott Olson via Getty Images
Cooks Venture tried to raise chickens better. Then 1M birds were killed.
Arkansas farmers were left to pick up the pieces following the unexpected closure of a poultry company known for its free-range chickens.
By Nathan Owens • April 2, 2024 -
Christopher Doering/Food Dive
Feeding Gen Z involves embracing the discord
The generation born between 1997 and 2012 is crucial for success in today's food industry. New research shows how this demographic's interests buck the norm.
By Alexandra Frost • April 2, 2024 -
Courtesy of Aloha
Protein bar maker Aloha gets $68M from venture fund
Semcap Food & Nutrition, which makes minority investments in better-for-you brands like Purely Elizabeth and Good Culture, will help the plant-based business scale.
By Chris Casey • April 2, 2024 -
Permission granted by Kraft Heinz
Kraft Heinz, NotCo targeting deeper presence in plant-based foods, exec says
Despite a sales slowdown in the animal-substitute category, the joint venture is planning to tap into its valuable brand equity and technology to launch more items in 2024.
By Christopher Doering • April 1, 2024 -
Retrieved from Dole.
Dole calls off sale of fresh vegetables division amid DOJ opposition
The Justice Department said the $293 million cash deal with Fresh Express, announced in January 2023, would have reduced competition and led to higher prices.
By Christopher Doering • March 28, 2024 -
Retrieved from Amazon on March 28, 2024
Carbone Fine Food CEO leads another restaurant brand to pasta sauce success
The former top executive of Rao’s is using his prior experience to bring the New York City restaurant staple to retail shelves nationwide.
By Chris Casey • March 27, 2024 -
Courtesy of Corona Hard Seltzer
Constellation wins hard seltzer battle over AB InBev
An appeals court affirmed a 2023 decision that ruled Constellation did not infringe on the trademarks of AB InBev’s Grupo Modelo by selling seltzer products under that brand.
By Chris Casey • March 27, 2024 -
Courtesy of Pepsi Lipton Partnership
PepsiCo, Unilever launch Pure Leaf Zero Sugar sweet tea
An executive overseeing the nearly $1 billion brand said a “top barrier” preventing people from buying a tea offering is the absence of an option without sugar.
By Christopher Doering • March 27, 2024 -
Permission granted by PepsiCo
Q&ABeverage Diaries: A discussion with PepsiCo’s CMO of international drinks
Mark Kirkham shares insight from his more than 13 years at the CPG giant and what he’s learned working at the cola and Gatorade manufacturer.
By Lauren Elkies Schram • March 26, 2024 -
Courtesy of Unilever
Unilever will get up to $20.9M from US government to lower carbon footprint at ice cream factories
The Department of Energy funding will help the Ben & Jerry’s manufacturer on a project designed to cut 14,000 metric tons of emissions annually.
By Chris Casey • March 26, 2024
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