Corporate Operations: Page 32
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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 -
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 -
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 -
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 -
Courtesy of Waterdrop
Why Waterdrop’s CEO sees hydration beverages overtaking soft drinks
Martin Donald Murray said the viral water bottle craze will continue to benefit the company’s “microdrink” given its better-for-you and sustainability benefits.
By Chris Casey • Feb. 27, 2024 -
Retrieved from Food and Drug Administration on February 23, 2024
Deep DiveHow the FDA traced the WanaBana lead outbreak to a single food processor
The investigation into the applesauce pouch maker highlights efforts to tighten lead regulation in food production.
By Joelle Anselmo • Feb. 26, 2024 -
Permission granted by PepsiCo
How PepsiCo, Kellanova adapt their snacks to local tastes around the world
CPG companies have turned to different shapes, textures and flavors, such as Cucumber Lays in China and Tangy Tomato Pringles in India, to appeal to regional preferences.
By Christopher Doering • Feb. 26, 2024 -
Mario Tama / Getty via Getty Images
OpinionHow a new recipe can help food win in an Ozempic world
Weight loss drugs pose a real threat to the industry. But GLP-1 medications also create opportunities for producers to expand in the food-as-medicine space.
By Scott Bowman and Wiles Kase • Feb. 26, 2024 -
Permission granted by DayDayCook
Q&AFrom hostess to CEO, how Norma Chu is making an Asian food empire
The DayDayCook founder and CEO is spearheading an aggressive growth strategy to become “the future General Mills for Asian food.”
By Judy McGuire • Feb. 26, 2024 -
Christopher Doering/Food Dive
Molson Coors continues making beer at striking plant
The beverage giant’s CEO told attendees at a conference Wednesday the company’s contingency plan is allowing it to continue production with the help of salaried employees.
By Chris Casey • Feb. 23, 2024 -
Retrieved from Conagra Brands.
Food giants see opportunity to profit from consumers using weight loss drugs
Despite worries that the medications could dampen sales, Conagra, WK Kellogg and General Mills are among companies optimistic that sales for popcorn, frozen meals and even cereal could benefit.
By Christopher Doering • Feb. 22, 2024 -
Justin Sullivan via Getty Images
Pesticide chlormequat found in Cheerios, other oat-based foods: report
The chemical, which is associated with reduced fertility and isn't approved for use on U.S. food crops, was identified in 80% of participants in a new study from the Environmental Working Group.
By S.L. Fuller • Feb. 21, 2024 -
Courtesy of Post Holdings
Post’s Bob Evans expands deeper into vegetables
The new refrigerated sides include carrots, green beans and corn and complement classics like macaroni and cheese and mashed cauliflower.
By Christopher Doering • Feb. 21, 2024 -
Christopher Doering/Food Dive
Molson Coors brewery workers strike in Texas
The local Teamsters chapter in Fort Worth is demanding pay raises to account for inflation, as another potential picket line looms over AB InBev.
By Chris Casey • Feb. 21, 2024 -
Courtesy of Meati Foods
Meati Foods shuffles C-suite amid layoffs
Recently appointed CFO Phil Graves will take over as CEO as the company reduces its workforce by 13%.
By Elizabeth Flood • Feb. 20, 2024 -
Courtesy of Kellanova
Kellanova unveils 5 tech strategies to drive growth
The snacking giant plans to utilize AI and enhance its data analytics to boost its biggest brands such as Cheez-It and Pringles.
By Chris Casey • Feb. 20, 2024 -
Retrieved from Danone.
How Dannon has managed to last, and thrive, in a crowded yogurt category
The Danone brand has succeeded by offering a lower price point, a smaller product mix and versatility — filling a valuable niche in the company’s portfolio.
By Christopher Doering • Feb. 20, 2024 -
Justin Sullivan via Getty Images
Why weight loss drugs could be bad news for the beverage industry
While many major food companies are preparing for the Ozempic effect on their bottom line, some data indicates drinks, especially coffee, may be most impacted.
By Lauren Elkies Schram • Feb. 16, 2024 -
CFO Editorial Staff
Tyson rejects shareholder call for audit into child labor allegations
Critics have accused the meat and poultry processing giant of not taking the issue, which is being investigated by the Labor Department, seriously enough.
By Chris Casey • Feb. 14, 2024 -
Permission granted by Whole Earth Brands
Equal owner Whole Earth Brands to go private in sweetened takeover bid
The company, which has been exploring strategic alternatives, agreed to a $4.875 per share offer by an affiliate of Sababa Holdings FREE. The deal is expected to close in the second quarter.
By Christopher Doering • Feb. 13, 2024 -
Mario Tama via Getty Images
What El Niño means for farms and global food prices
The U.S. could see the wettest conditions since 2019, easing some drought concerns. But too much rain could bring other problems for growers.
By David Silverberg • Feb. 13, 2024
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