Corporate Operations: Page 30
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Permission granted by Equinom
Louis Dreyfus building new pea protein facility
An increasing shift to plant-based protein, especially for dairy products, is driving demand for the ingredient.
By Rose Palazzolo • Feb. 8, 2024 -
Scott Olson via Getty Images
Hershey plans job cuts as consumer spending, cocoa costs weigh on business
The manufacturer of Reese’s and Pirate’s Booty did not disclose how many people would be impacted or when the layoffs would occur.
By Christopher Doering • Feb. 8, 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 -
Courtesy of Coca-Cola
Coke adds first new permanent flavor in several years with Spiced
The beverage giant is also introducing a limited-time beverage under its Creations platform called Happy Tears Zero Sugar, which contains salty minerals.
By Christopher Doering , Peter Adams • Feb. 7, 2024 -
Courtesy of White Claw
Behind White Claw’s big nonalcoholic seltzer bet
The hard seltzer pioneer is targeting drinking-aged consumers who are looking to imbibe less or stop altogether, a top executive said.
By Chris Casey • Feb. 6, 2024 -
akinoreV via Getty Images
OpinionWhy a new ‘tomato tax’ is rotten to the core
Suspending the tomato trade agreement between the U.S. and Mexico would cost jobs and lead to higher prices for retailers and consumers, a NatureSweet exec writes.
By Skip Hulett • Feb. 5, 2024 -
Permission granted by Meati Foods
Meati Foods names CPG veteran to CFO as company juggles growth, profitability
The appointment of Phil Graves comes amid a slowdown in plant-based sales as cash-strapped consumers watch their spending.
By Christopher Doering • Feb. 5, 2024 -
Courtesy of General Mills
General Mills boosts cereal lineup with Loaded line
The latest innovation from the cereal giant includes favorites like Cocoa Puffs, Cinnamon Toast Crunch and Trix reimagined and filled with a vanilla creme center to be indulged as breakfast or a snack.
By Chris Casey • Feb. 5, 2024 -
Paula Bronstein via Getty Images
Bird flu roils poultry industry, raising concern over egg prices ahead of Easter
More than 2 million birds were killed in California over the last month as producers across the globe struggle once again to control the rapid spread of the virus.
By Nathan Owens • Feb. 2, 2024 -
Courtesy of Boston Beer
ColumnLeftovers: Truly heats up hard seltzer | Cannabis producer launches a blazing wing sauce
The Boston Beer brand is tapping into a snack popular with many football fans while dessert maker Jeni’s Splendid Ice Creams dishes out new flavors for breakfast.
By Food Dive staff • Feb. 2, 2024 -
Courtesy of Phytolon
Phytolon, Ginkgo Bioworks reach milestone with natural colors
The biotech companies developed a range of yellow to purple hues using yeast fermentation, with the intent of bringing the products to market soon.
By Chris Casey • Feb. 1, 2024 -
Brandon Bell via Getty Images
Food trends for 2024: What’s to come this year
Inflation, consumer fatigue over price increases and other factors continue to weigh on companies. Everything from beverages to snacking is set to change in the year ahead.
By Food Dive staff • Jan. 31, 2024 -
Courtesy of PepsiCo
PepsiCo brings Fritos into jerky with Jack Link’s partnership
Following a similar launch in 2023 with Doritos, the snack and beverage maker is tapping into opportunities to bring its popular snacking brands into new parts of the store.
By Christopher Doering • Jan. 31, 2024 -
Retrieved from Utz Quality Foods Inc. on November 14, 2023
Utz to sell 2 brands and manufacturing facilities to Popchips owner for $182.5M
The transaction will help the pretzel and chip maker improve its supply chain, reduce its debt and better position its portfolio for growth.
By Christopher Doering • Jan. 31, 2024 -
Permission granted by Nestle
Nestlé to lay off 216 workers at Ohio factory
The food and beverage giant said the reduction in staff at its Solon location will help optimize its manufacturing network and allow it to better serve its consumers.
By Christopher Doering • Jan. 31, 2024 -
Permission granted by Post Holdings
Post Holdings CEO returns after taking leave for cancer treatment
Rob Vitale, who has overseen the food manufacturer since 2014, said he was “excited and energized” about what the company can accomplish going forward.
By Christopher Doering • Jan. 30, 2024 -
Courtesy of Kellogg
OpinionBridging the divide between the wants of food companies and the needs of farmers
Driven by the urgency to be more environmentally responsible, businesses sometimes fail to fully grasp the multifaceted challenges faced by their suppliers. Here’s how to get everyone on the same page.
By Ofir Ardon • Jan. 30, 2024 -
Courtesy of Ocean Spray Cranberries, Inc.
Ocean Spray reveals first major brand overhaul in 20-plus years
The 95-year-old cranberry co-op teamed with creative studio Stone Strategy & Design to highlight a "wildly uncommon" approach to culture and creativity.
By Chris Kelly • Jan. 30, 2024 -
Courtesy of Oobli
Oobli’s low-sugar chocolates hint at promise of sweet protein alternatives
The company also is using its ingredients to help large food producers lower sugar content in products without impacting taste.
By Chris Casey • Jan. 29, 2024 -
Permission granted by Sargento
Say cheese! Inside Sargento Foods’ evolution into a $2B dairy giant
The 71-year-old company, once the target of prospective buyers, has stayed independent and prioritized innovation to grow and remain competitive.
By Christopher Doering • Jan. 29, 2024 -
Courtesy of Clorox
ColumnLeftovers: Hidden Valley Ranch locks lips with Burt’s Bees | McCormick shakes up seasonings line
The dressing with a cult following enters the beauty space with a unique collaboration, and Ocean Spray debuts a lower-sugar brand in the juice category.
By Food Dive staff • Jan. 26, 2024 -
Courtesy of Tyson Foods
Tyson opens $355M high-tech bacon plant in Kentucky
The 400,000 square-foot facility has autonomous, box-stacking robots and driverless forklifts to help eliminate “ergonomically stressful tasks,” the meat giant said.
By Nathan Owens • Jan. 26, 2024 -
Retrieved from J.M. Smucker.
J.M. Smucker discontinues Knott’s Berry Farm jam and cookie brand
A spokesperson said the decision was part of the company’s strategy to “evaluate our portfolio and ensure we are dedicating resources to the areas with the greatest growth potential.”
By Christopher Doering • Jan. 25, 2024 -
Getty via Getty Images
Deep DiveBooze or bust: How 2024 will reshape alcohol
As tastes evolve and people imbibe less, producers are revamping their portfolios with strategic investments in new categories and nonalcoholic offerings.
By Chris Casey • Jan. 25, 2024 -
Retrieved from Mars.
Mars to build $237M facility for its Nature’s Bakery brand in Utah
The plant will meaningfully increase capacity for the granola and snack bar brand, which has become the eighth best-selling and fastest-growing product in the category.
By Christopher Doering • Jan. 24, 2024 -
Courtesy of Conagra Brands
Conagra Brands launching Dolly Parton food line
The deal, which builds on an existing partnership between the singer and the food maker, will usher in new items in several categories inspired by down-home comfort cuisine.
By Christopher Doering • Jan. 24, 2024
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