Leftovers: Pop-Tarts flips for pancakes | Somos debuts ready-made burrito kits

The Kellogg-owned brand is fulfilling breakfast cravings with its latest toaster treat flavor, and Kentucky Coffee is entering the RTD cocktail category with three flavors of whiskey-infused Hard Cold Brew.

By Food Dive staff • Sept. 15, 2023

Bacardi buys Ilegal to capture premium mezcal market

The liquor giant’s acquisition of the beverage brand comes amid growing interest in premium agave-based spirits.

By Chris Casey • Sept. 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

Canopy Growth’s BioSteel sports drink files for bankruptcy as cannabis firm looks to save cash

While the beverage has been growing rapidly and remains “an attractive asset,” Canopy’s CEO said it does not align with his business’ asset-light strategy. 

By Christopher Doering • Sept. 14, 2023

Hain Celestial to restructure business to boost growth, generate millions in savings

The changes mark the first major shakeup to the organic and natural products maker since CPG veteran Wendy Davidson took the helm as CEO in January.

By Christopher Doering • Sept. 14, 2023

Molson Coors boosts its investment in Zoa Energy

The two companies partnered in 2021 following the launch of Dwayne “the Rock” Johnson’s co-founded energy drink brand.

By Chris Casey • Sept. 12, 2023

What Biden’s cannabis rescheduling review could mean for food and beverage

Analysts said the administration’s recommended update will not spur greater availability of items, even as demand for the products continues to grow.

By Chris Casey • Sept. 12, 2023

Kraft Heinz debuts a pouch that makes a microwaved grilled cheese crispy

The technology, part of a broader push at the CPG giant to boost innovation, will first appear in Lunchables before making its way to three other brands.

By Christopher Doering • Sept. 12, 2023

Coca-Cola launches beverage created with the help of artificial intelligence

Coca-Cola Y3000 is the latest flavor to launch under the company’s Creations platform designed to highlight its signature soda while drawing in younger consumers.

By Christopher Doering • Sept. 12, 2023

Danone joins corporate alliance to turn food waste into renewable energy

The dairy giant and other industry leaders are partnering with Vanguard Renewables to mitigate climate impacts by using anaerobic digesters on dairy farms.

By Nathan Owens • Sept. 11, 2023

JM Smucker to buy Twinkies manufacturer Hostess Brands for $5.6B

The purchase will deepen the jam and peanut butter maker’s presence in growing categories and consumer occasions focused on convenience. 

By Christopher Doering • Sept. 11, 2023

Eat Just’s Good Meat division fails to pay $30M worth of invoices

While it’s unknown why the cultivated meat company did not make the payments as ABEC claims, a source said the two sides are working to reach a settlement. 

By Elizabeth Flood • Sept. 8, 2023

Ofi combines cocoa with Asian flavors using AI

The company said the technology helped identify trends from Eastern cuisines — such as miso, yuzu and chili — that can be incorporated into confectionery applications.

By Chris Casey • Sept. 7, 2023

Coca-Cola to sell BodyArmor outside the US for the first time

The sports drink’s CEO said the launch of the beverage in Canada in 2024 is “just the start of our expansion to new countries and consumers.” 

By Christopher Doering • Sept. 7, 2023

Behind the Tindle Foods rebrand and new product launch

Co-founder and CEO Andre Menezes says the brand “holds itself to a very high standard,” and is focused on launching products with clean ingredients.

By Elizabeth Flood • Sept. 6, 2023

From a regional soda to a national brand: How Sprecher is taking on Coca-Cola and PepsiCo

The Wisconsin-based company has spent millions of dollars and taken on debt to add production, staff and warehouse capacity to bring its craft beverages into 49 states.

By Christopher Doering • Sept. 6, 2023

TreeHouse to sell snack bars business, plant to John B. Sanfilippo for $63M

The divestiture will allow the private-label giant to focus on high-growth and high-margin categories while enabling John B. Sanfilippo to diversify its offerings.

By Christopher Doering • Sept. 6, 2023

Eat Just, maker of plant-based eggs and cultivated chicken, gets a funding boost

The money comes as the company continues scaling in the U.S. and tries to reach profitability.

By Elizabeth Flood • Sept. 5, 2023

Nestlé’s Nespresso thriving as innovation stokes demand

Alfonso Gonzalez Loeschen, the brand’s CEO in North America, discusses the benefits of its DTC model, the effects of inflation and how the platform is responding to young coffee drinkers.

By Christopher Doering • Sept. 5, 2023

Talking the future of food with Ginkgo Bioworks’ Patrick Boyle

As the head of Codebase, Boyle was a synthetic biologist "before it was cool.” We checked in to discuss the field of engineered organisms and what it means to the food industry.

By Judy McGuire • Aug. 31, 2023

Campbell Soup’s move into snacks boosts sales amid flat results in soups and meals

The manufacturer of Goldfish and its namesake soups is aiming to accelerate growth through its purchase of Sovos Brands, the maker of fast-growing Rao’s sauces, for $2.7 billion.

By Christopher Doering • Aug. 31, 2023

Anheuser-Busch invests $22.5M in its Houston brewery

The Bud Light manufacturer said the money will go toward enhancing workplace safety, upgrading the plant’s cooling system and reducing electricity consumption.

By Christopher Doering • Aug. 29, 2023

Hain Celestial’s CEO describes her ‘prove it’ strategy as challenges loom

Wendy Davidson, who took over in January, said the organic and natural products giant has reached “an inflection point” where the 30-year-old business can “unlock” its potential.

By Christopher Doering • Aug. 29, 2023

Former Cargill executive joins cultivated meat company Meati

Nicole Johnson-Hoffman has joined the firm’s board as it commences a nationwide retail launch of its mycelium steak and chicken breast analogs.

By Elizabeth Flood • Aug. 29, 2023

Pepsi celebrates 125 years: Inside the marketer’s media blitz

A campaign celebrating an anniversary milestone and past iconic ads doubles as the official introduction of the brand’s new logo.

By Peter Adams • Aug. 29, 2023

Mondelēz leans on startups to help fuel ambitious growth plans

The Oreo manufacturer said SnackFutures, its venture capital arm, plans to at least double the number of companies in its portfolio by 2030.

By Christopher Doering • Aug. 28, 2023