Corporate Operations: Page
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Courtesy of Lifeway Foods, Inc.
Lifeway rejects Danone’s second takeover offer
The kefir company said the revised $27 a-share proposal substantially undervalues” its business.
By Christopher Doering • Nov. 20, 2024 -
Permission granted by Nature's Bakery
Nature’s Bakery bucking slowdown in snack bars with healthier offering
The Mars-owned brand is posting double-digit growth and wooing consumers by solving “a real problem” with its whole grain and fruit products.
By Christopher Doering • Nov. 20, 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 -
Kevin Dietsch via Getty Images
Ben & Jerry’s sues parent company Unilever for stifling its stance on Gaza
The ice-cream maker said Unilever threatened to “dismantle” its independent board and sue its board members if it issued a statement calling for a “ceasefire” in the region.
By Zoya Mirza • Nov. 19, 2024 -
Courtesy of J.M. Smucker
JM Smucker opens Uncrustables facility in Alabama
The food giant's $1.1 billion investment marks the third manufacturing location dedicated to the brand.
By Joelle Anselmo • Nov. 19, 2024 -
Christopher Doering/Food Dive
Nestlé to cut $2.8B in costs, separate water into standalone business
The packaged goods giant also plans to fix, rather than sell, the majority of its underperforming businesses, CEO Laurent Freixe told investors and analysts.
By Christopher Doering • Nov. 19, 2024 -
Courtesy of Electrolit
Hydration beverage maker Electrolit invests $400M in first US plant
The company, with nearly half a billion in annual sales nationwide, is doubling down on its recent success and the popularity of electrolyte-infused drinks.
By Chris Casey • Nov. 19, 2024 -
Getty Images
Turkey could be upstaged by other meats this Thanksgiving: CoBank
The popular holiday item faces tightened supply and lower demand than in previous years, the cooperative bank said in a report.
By Chris Casey • Nov. 18, 2024 -
Christopher Doering/Food Dive
Nestlé invests $150M to expand South Carolina frozen food plant
The Hot Pockets and Lean Cuisine manufacturer said it will add a production line as well as enhance automation and digital technology.
By Christopher Doering • Nov. 18, 2024 -
Retrieved from Lifeway Foods.
Danone boosts offer for kefir maker Lifeway Foods to $307M
In a letter, the dairy giant said it was “disappointed” by the response to its earlier $283 million proposal and noted the increased price “fully reflects the fundamental potential of the Company.”
By Christopher Doering • Nov. 15, 2024 -
CFO Editorial Staff
Tyson more than doubles profits after building ‘stronger chicken business’
Strong demand and operational efficiencies have boosted the meat giant's sales despite ongoing challenges from tighter cattle supplies.
By Nathan Owens • Nov. 14, 2024 -
Courtesy of Diageo
ColumnThe Weekly Sip: Diageo leans into luxury spirits | Cheerwine gets into the holiday spirit with ale
In other beverage news, juice maker Langers debuted a craft cola with better-for-you ingredients.
By Food Dive staff • Nov. 14, 2024 -
Retrieved from Noosa.
Campbell Soup sells Noosa yogurt to fresh foods manufacturer Lakeview Farms
The CPG giant previously said the dairy brand, which it acquired as part of its $2.7 billion purchase of Sovos Brands, was not core to its business.
By Christopher Doering • Nov. 13, 2024 -
Courtesy of Keurig Dr Pepper
Keurig Dr Pepper taps new CMO to accelerate digital-first marketing
Drew Panayiotou, most recently of Pfizer, is tasked with embracing new technology and keeping up momentum for brands like Dr Pepper.
By Peter Adams • Nov. 13, 2024 -
Permission granted by J&J Snack Foods
Dippin’ Dots to enter grocery stores for the first time
Mostly sold in amusement parks and sporting venues, the expansion brings the ice cream to thousands of new distribution points and more opportunities to reach consumers.
By Christopher Doering • Nov. 12, 2024 -
Joe Raedle via Getty Images
Kraft Heinz removes Lunchables from school lunch program
The packaged food giant said demand for the two offerings, which launched in 2023, fell short of its projections.
By Christopher Doering • Nov. 12, 2024 -
Christopher Doering/Food Dive
Mars names insider to head North American food and nutrition business
Dave Dusangh will oversee fast-growing brands such as Ben’s Original and Tasty Bite as consumers seek more convenience and variety.
By Christopher Doering • Nov. 12, 2024 -
Bill Pugliano via Getty Images
WK Kellogg Co bets big on factory revamp to boost performance
The cereal company’s plans to replace aging technology is taking shape, with $96 million spent on infrastructure so far this year.
By Chris Casey • Nov. 11, 2024 -
Justin Sullivan via Getty Images
Heineken USA names new CMO focused on brand building
Alison Payne, who succeeds longtime marketer Jonnie Cahill, previously revamped brands like Dos Equis and oversaw global beer offerings.
By Peter Adams • Nov. 11, 2024 -
Spencer Platt/Getty Images via Getty Images
OpinionWhat happens when the left-right food policy spectrum becomes a circle?
Changes of leadership at the FDA and the USDA under President-elect Trump could have a large impact on the industry, writes Sean McBride of DSM Communications.
By Sean McBride • Nov. 11, 2024 -
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 -
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
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