Corporate Operations: Page 37
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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 -
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 -
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 Christopher Doering • Oct. 10, 2023 -
Retrieved from The Coca-Cola Company on October 09, 2023
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 Chris Casey • Oct. 9, 2023 -
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 Sarah Zimmerman • Oct. 6, 2023 -
Retrieved from Kraft Heinz and Milk Bar on October 05, 2023Column
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 -
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 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 Christopher Doering • Oct. 6, 2023 -
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 -
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 -
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 Chris Casey • Oct. 4, 2023 -
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 Chris Casey • Oct. 4, 2023 -
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 -
Retrieved from Liquid Death.
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 Christopher Doering • Oct. 3, 2023 -
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 Chris Casey • Oct. 2, 2023 -
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 -
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 Christopher Doering • Sept. 29, 2023 -
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 -
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 -
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 -
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 Christopher Doering • Sept. 28, 2023 -
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 -
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 Chris Casey • Sept. 26, 2023 -
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 -
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 Christopher Doering • Sept. 26, 2023