Corporate Operations: Page 4
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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 -
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 -
Trendline
Mergers and acquisitions
While the days of transformational megadeals in the food and beverage sector have subsided, the value of M&A hasn’t lost its importance for many executives.
By Food Dive staff -
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 -
Opinion
Bridging 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 -
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 -
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 -
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 -
Column
Leftovers: 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 -
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 -
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 -
Deep Dive
Booze 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 -
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 -
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 -
Impossible Foods makes executive changes for a ‘decisive year,’ CEO says
The plant-based pioneer appointed Colgate-Palmolive veteran Elaine Paik as its new CFO, while former Heaven Hills Brands exec Emma Hutchens takes over as chief people officer.
By Elizabeth Flood • Jan. 23, 2024 -
How Athletic Brewing plans to prevail past Dry January
The nonalcoholic beer category leader is focused on educating moderation-minded drinkers about the nutritional benefits of the products, its CEO told Food Dive.
By Chris Casey • Jan. 23, 2024 -
Justin’s turns to healthier ingredients to challenge M&M’s
The organic brand avoids synthetic dyes and artificial sweeteners. It is the first major confectionery launch for the Hormel Foods-owned product in 13 years.
By Christopher Doering • Jan. 23, 2024 -
Celsius broadens international reach with distribution deals in Canada, UK
The energy drink maker also has identified Germany, Japan and Australia as “big opportunities” for new markets as it increases its reach outside the U.S.
By Christopher Doering • Jan. 22, 2024 -
Deep Dive
Two decades after its founding, Vita Coco is still fighting to silence skeptics
After weathering a demand downturn in coconut water and competition from Coca-Cola and PepsiCo, co-founder Mike Kirban said the brand can still avoid the same fate that doomed other once-trendy drinks.
By Christopher Doering • Jan. 22, 2024 -
Sponsored by Balance
How tech-savvy food distributors can grow through enhanced payment experiences
Discover three benefits that food distributors can gain by embracing a digital payment solution.
Jan. 22, 2024 -
JDE Peet’s reaches $260M licensing deal with Caribou Coffee
The transaction will allow JDE Peet’s to expand its premium portfolio in North America, while giving Caribou the ability to focus on its growing coffeehouse business.
By Christopher Doering • Jan. 19, 2024 -
Yoplait muscles into protein space with new yogurt
The General Mills brand is taking aim at Chobani with its new offerings, designed for consumers seeking an alternative to Greek yogurt.
By Chris Casey • Jan. 19, 2024 -
PepsiCo names insider to head North America beverage operations
Ram Krishnan, who joined the company in 2006, will succeed Kirk Tanner who is leaving on Feb. 2 to become CEO of restaurant chain Wendy’s.
By Christopher Doering • Jan. 19, 2024 -
US, UK lawmakers urge SEC to scrutinize JBS listing
The global meatpacker's ties to deforestation and its history of misleading investors are cause for concern, critics say.
By Sarah Zimmerman • Jan. 19, 2024 -
Diageo settles legal dispute with Diddy over spirits brands
The alcohol giant, which is cutting ties with the rapper, will remain the sole owner of DeLeón tequila and Ciroc vodka.
By Chris Casey • Jan. 17, 2024 -
New flavors, formats driving cannabis-infused food and beverage products: Mary Jones
The Jones Soda brand has its sights on new products, including a new candy launch, as national efforts mount to reclassify marijuana.
By Chris Casey • Jan. 16, 2024