Upside Foods COO talks next challenges for the cultivated meat industry

In the wake of major breakthroughs in the industry, the company has named a new chief scientific officer and tapped a former Twitter executive as its chief legal officer, COO Amy Chen told Food Dive.

By Elizabeth Flood • Aug. 14, 2023

Beverage makers respond to EPA’s draft plastic pollution prevention strategy

PepsiCo, American Beverage, the Consumer Brands Association and others weighed in on defining key terms like “single-use,” EPR policies, recycled content research and more.

By Maria Rachal • Aug. 14, 2023

Explore the 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

Kraft Heinz appoints head of North American operations as CEO

Carlos Abrams-Rivera will take leadership control of the CPG giant starting in January 2024. Current CEO Miguel Patricio will move to a non-executive role on the company’s board.

By Chris Casey • Aug. 14, 2023

Smithfield to close 35 hog farms in Missouri

Meat producers are taking cost-cutting measures as they grapple with unfavorable market conditions.

By Nathan Owens • Aug. 11, 2023

Leftovers: Totino’s brings orange chicken into pizza rolls | Snyder’s infuses pretzels with Oktoberfest beer

The frozen snacks maker is bringing the citrusy dish to its staple product, while Sabra is taking hummus to the next level with new flavors made with Frank’s Red Hot and Stubb’s BBQ sauce.

By Food Dive staff • Aug. 11, 2023

Post brings Pebbles cereal into frozen waffles

The CPG company was inspired to create the offering after noticing consumers were adding the cereal to their breakfast recipes and nostalgic parents were feeding the cereal to their kids.

By Christopher Doering • Aug. 11, 2023

How Cheerios works to stay relevant across generations

The iconic cereal brand aims to satisfy consumers by adding in better-for-you elements such as vitamin D, said General Mills’ U.S. cereal division president.

By Chris Casey • Aug. 10, 2023

Flavor and ingredients provider IFF struggles as consumers cut back on spending

The company slashed its outlook and said volumes are not expected to recover in the second half of the year.

By Christopher Doering • Aug. 10, 2023

Kellogg pins growth in snacking unit on Pringles, Cheez-It ahead of split

The two brands, along with Eggo, Pop-Tarts and Rice Krispies, will be responsible for about half of the more than $13 billion in sales from the new company called Kellanova.

By Chris Casey • Aug. 9, 2023

Meatable raises $35M as it aims to boost production and lower costs

The Netherlands-based cultivated meat company plans to enter retailers and restaurants in Singapore starting in 2024, while looking into other markets such as the U.S. in the future.

By Elizabeth Flood • Aug. 9, 2023

Food bankruptcies surging as companies struggle with shift in consumer habits, access to cash

Tattooed Chef and Do Good Foods are just two of the highest-profile firms to file in 2023, with analysts predicting further bankruptcies in plant based, sustainability and alternative agriculture.

By Christopher Doering • Aug. 9, 2023

Anheuser-Busch to sell 8 beer and beverage brands to pot company Tilray

The purchase for an undisclosed amount will elevate the Canadian firm to the fifth largest craft beer player in the U.S with brews such as Shock Top and Redhook.

By Christopher Doering • Aug. 8, 2023

8 questions with Daily Harvest founder and CEO Rachel Drori

The head of the plant-based meal company discusses potential impacts of a major retail deal with Kroger.

By Judy McGuire • Aug. 8, 2023

Molson Coors expands further into bourbon with Blue Run Spirits acquisition

The deal, the beverage company’s first in the spirits space, is part of an aggressive multi-year effort to expand into other categories beyond beer.

By Chris Casey • Aug. 8, 2023

Tyson Foods to shutter 4 poultry plants

The closures are the latest announced by the company in 2023 as it faces headwinds caused by slowing sales of its products and higher operating costs.

By Chris Casey • Aug. 7, 2023

Campbell Soup to buy Rao’s maker Sovos Brands for $2.7B

The purchase, the largest in five years for the CPG giant, also will allow the soup and snacks maker to expand its portfolio with brands such as Michael Angelo’s frozen meals and Noosa yogurt.

By Christopher Doering • Aug. 7, 2023

Leftovers: Blue Diamond is sweet on Honey Butter flavored almonds | Lunchables debuts in produce aisle

The nut offering is inspired by Korean Honey Butter potato chips, while broth and stocks maker Swanson rips into portable pouches containing chicken.

By Food Dive staff • Aug. 4, 2023

Kellogg boosts outlook after raising prices

The Corn Flakes and Cheez-It maker said cash-strapped consumers are curtailing purchases, which led to a drop in volumes during the quarter.

By Chris Casey • Aug. 3, 2023

Livekindly Collective expands with acquisition of Alpha Foods

This is the company’s sixth food brand purchase, and its first in the U.S., as it attempts to build a dominant presence in the plant-based sector.

By Elizabeth Flood • Aug. 2, 2023

Danone to deconsolidate dairy assets seized by Russia

The Activia yogurt maker reported a $767 million write off after Russia took control of local operations and appointed a new CEO. 

By Sarah Zimmerman • Aug. 2, 2023

Beer controversy exacerbates 16% drag in Ardagh’s North American glass shipments

The company is progressing on a planned 15% net reduction in North American glass capacity amid market factors such as lower beer demand, including at customer AB InBev’s brand Bud Light.

By Maria Rachal • Aug. 2, 2023

Miyoko’s Creamery picks former Coca-Cola executive as its next CEO

The appointment of CPG veteran Stuart Kronauge comes a few months after the plant-based dairy company ended a contentious legal battle with its founder.

By Elizabeth Flood • Aug. 1, 2023

Kraft Heinz looks to transform plastic packaging portfolio

The food and beverage giant is trying to cut virgin plastic use 20% by 2030. U.S. consumers can expect to buy certain mayo products in packaging made entirely from recycled content starting next year.

By Maria Rachal • July 31, 2023

Leftovers: French’s tastes the rainbow with mustard Skittles | Spam sweetens things with maple

Fun-sized packs of the mustard candy will be given away next week at pop-up events in New York City, Washington, D.C. and Atlanta and look for a new Ragu to celebrate National Lasagna Day.

By Food Dive Staff • July 28, 2023

Anheuser-Busch lays off hundreds of corporate employees

The job cuts follow months of declining sales for Bud Light, which was dethroned as the best-selling beer in the country after the controversy involving Dylan Mulvaney.

By Chris Casey • July 27, 2023