Corporate Operations: Page 37


  • Utz chips and pretzels
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    Megan Poinski/Food Dive
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    Utz to close Pennsylvania factory

    The closure is part of broader cost cutting moves across the snack maker’s network, which includes the sale of four sites.

    By Joelle Anselmo • Oct. 11, 2023
  • Mondelez oreo
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    Lillianna Byington/Food Dive
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    Opinion

    Guardians of the franchise: Safeguarding success in the competitive landscape

    Since launching a new product offers only one chance at success, optimizing it to its fullest potential becomes crucial.

    By Katie Fellows • Oct. 11, 2023
  • 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
  • Post Holdings, pet food
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    Courtesy of Post Holdings
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    Cereal giant Post Holdings moves deeper into pet food with $235M acquisition

    The purchase of Perfection Pet Foods gives the CPG giant, which entered the animal category for the first time in April, exposure to private-label and co-manufactured products.

    By Oct. 10, 2023
  • aha coca cola
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    Retrieved from The Coca-Cola Company on October 09, 2023
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    Coca-Cola to sharply cut distribution of Aha sparkling water as sales decline

    The company told Food Dive it sees growth potential in the category with its premium brand Topo Chico.

    By Oct. 9, 2023
  • Header image for "Tyson CFO Arrested, Reviving Critics’ Concerns Over Inexperience, Conflict of Interest"
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    CFO Editorial Staff
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    Missouri pressures Tyson to sell 2 poultry plants set for closure

    The meatpacker received major backlash from local and federal officials, who said factory closures will have “devastating consequences.”

    By Oct. 6, 2023
  • Red Velvet Philly Bagel Bomb
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    Retrieved from Kraft Heinz and Milk Bar on October 05, 2023
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    Column

    Leftovers: Kraft Heinz, Milk Bar burst into bagel bombs | Skittles get miniature with Littles

    The Philadelphia cream cheese brand and the bakery are debuting a red velvet treat, while Whipnotic swirls up two unique whipped cream flavors.

    By Food Dive staff • Oct. 6, 2023
  • A panel of investors at Future Food-Tech 2022 in San Francisco.
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    Megan Poinski/Food Dive
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    Top food and beverage industry events in 2024

    The new year will bring a busy conference and convention season. Food Dive is highlighting 11 to watch.

    By Elizabeth Flood • Oct. 6, 2023
  • Conagra
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    Christopher Doering/Food Dive
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    Conagra Brands CEO sees early signs of improvement in consumer buying habits

    While the Slim Jim maker forecast a more upbeat second half in its fiscal year, Sean Connolly told Wall Street analysts that a deeper recovery will take time. 

    By Oct. 6, 2023
  • Pea plant
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    Courtesy of Puris Foods
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    US pea protein producers undercut by cheap Chinese imports

    Products made with the ingredient are growing in popularity, but domestic manufacturers are in “grave peril,” producer Puris claims.

    By Elizabeth Flood • Oct. 5, 2023
  • Sign showing Wellness icons at a Target in Washington,  D.C.
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    Catherine Douglas Moran/Food Dive
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    Opinion

    Vegan: The product label which shall not be named

    The term "plant-based" has become a more inclusive and approachable term when it comes to marketing vegan food. But are times changing?

    By Paul Shapiro • Oct. 5, 2023
  • blue run molson coors
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    Courtesy of Molson Coors
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    Molson Coors looks to premium alcohol in pursuit of aggressive sales growth

    The beverage giant, which has expanded its portfolio to include whiskey and ready-to-drink tea, is aiming to get one third of its revenue from upscale offerings.

    By Oct. 4, 2023
  • Kellogg's cereals
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    Chris Casey/Food Dive
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    WK Kellogg Co CEO says new company sees ‘future beyond cereal’

    The newly spun off business, which includes Froot Loops and Rice Krispies, plans to expand into other categories, but will first focus on beefing up its cereal operations.

    By Oct. 4, 2023
  • Veggie cutlet is grilled for veg burger. Vegetarian products from plant-based meat concept, beyond kitchen background. High quality photo
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    Uladzimir Zuyeu
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    Q&A

    Cargill’s alt-protein chief answers Food Dive’s 8 questions

    Elizabeth Gutschenritter discusses the challenges that come along with a new and growing category and which fast-food spot would be part of her last meal.

    By Elizabeth Flood • Oct. 3, 2023
  • Liquid Death
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    Retrieved from Liquid Death.
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    Liquid Death hires ex-White Claw executive as its first chief commercial officer

    With the water brand reportedly considering an IPO in 2024, Stephen Ballard will be responsible for growing sales by bringing the beverage into new retailers and markets.

    By Oct. 3, 2023
  • The Kellogg's World Headquarters is shown on June 21, 2022 in Battle Creek, Michigan.
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    Bill Pugliano / Stringer via Getty Images
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    Kellogg embarks on new future, finalizing split into two businesses

    Sixteen months after the separation was announced, the snacking and North American cereal businesses — Kellanova and WK Kellogg Co — are trading separately on the New York Stock Exchange.

    By Oct. 2, 2023
  • Heinz's Ketchup and Seemingly Ranch sauce
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    Courtesy of Heinz
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    Heinz jumps on Taylor Swift’s ‘seemingly ranch’ moment with new condiment

    To capitalize on a viral moment around the singer’s visit to an NFL game, the brand and agency Rethink came up with a new sauce in less than 24 hours.

    By Chris Kelly • Oct. 2, 2023
  • nestle
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    Justin Sullivan via Getty Images
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    Nestlé vows to increase sales of healthier foods by 2030

    The world’s largest food company said it wants to boost sales of better-for-you products by as much as $27.3 billion by the end of this decade, a 50% increase from 2022.

    By Sept. 29, 2023
  • Nestle, Sensations, milk
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    Courtesy of Nestle
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    Column

    Leftovers: Nestlé, Kellogg make waffles and cereal drinkable | Stella Rosa’s ‘swicy’ wine brings the heat

    The CPG giants aim to capture the essence of sweet morning staples with Sensations flavored milk products; plant-based brand Tindle enters breakfast with sausage.

    By Food Dive staff • Sept. 29, 2023
  • Strawberries ripen on the vine.
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    Courtesy of Bayer AG
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    Bayer enters the strawberry market with UK acquisition

    NIAB’s strawberry breeding program allows the biotech giant to develop a wide range of genetics and crop protection products.

    By Nathan Owens • Sept. 28, 2023
  • Wow Bao
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    Permission granted by Wow Bao
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    Q&A

    From a small Chicago storefront to a CPG contender, a Q&A with Wow Bao’s CEO

    Geoff Alexander, a restaurant industry veteran, started as a fry cook at his local university watering hole and now is a bao CPG giant. He spoke to Food Dive about his nontraditional path.

    By Judy McGuire • Sept. 28, 2023
  • Second Nature Brands, sahale snacks
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    Courtesy of Second Nature Brands
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    JM Smucker to sell Sahale Snacks to Brownie Brittle owner for $34M

    The deal with Second Nature Brands comes just two weeks after the jam and peanut butter company announced plans to buy Twinkies manufacturer Hostess Brands for $5.6 billion.

    By Sept. 28, 2023
  • Mike's Hot Honey
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    Permission granted by Mike's Hot Honey
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    Q&A

    Talking hot honey, scale and how to create a buzz with Mike Kurtz, founder of Mike’s Hot Honey

    The sweet-heat trend has been around for ages. But this unique product, at first paired with pizza, developed a brand new food category and helped create the swicy category.

    By Judy McGuire • Sept. 27, 2023
  • Header image for "Tyson CFO Arrested, Reviving Critics’ Concerns Over Inexperience, Conflict of Interest"
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    CFO Editorial Staff
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    Tyson, Perdue under investigation following reports of child labor at slaughterhouses

    The poultry companies face a federal probe after a New York Times Magazine article detailed a 14-year-old being maimed by equipment at a Virginia plant.

    By Sept. 26, 2023
  • The Biotech Innovation Center at the Sapiens Parque innovation park in Florianópolis, Santa Catarina is slated for completion next year.
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    Courtesy of JBS S.A.
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    JBS begins work on lab-grown meat center in Brazil

    The Biotech Innovation Center, slated for completion next year, builds on the meatpacker’s effort to expand its portfolio and become a force in the growing cultivated protein sector.

    By Nathan Owens • Sept. 26, 2023
  • fairlife, coca-cola
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    Courtesy of Coca-Cola
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    Coca-Cola’s Fairlife still sourcing milk from abusive farms, animal rights group claims

    The beverage giant disputed the claim from Animal Recovery Mission, saying the two operations and its owner are not suppliers for the dairy product, which has more than $1 billion in annual sales.

    By Sept. 26, 2023